UPS Financial News

Advanced Micro Devices is buying a server company but has no plans to get into the server business. In the booming market for artificial-intelligence systems, that actually makes sense. The chip maker better known as AMD unveiled plans Monday to spend $4.9 billion to acquire ZT Systems, a privately held company that designs and manufactures servers and other types of data-center hardware.

messaging services and protect consumers from fraudulent practices. Continuing its offensive against unsolicited spam calls and messages, TRAI made it clear that from September 1, 2024, all access service providers will be prohibited from transmitting messages containing URLs, OTT links, or call back numbers which are not 'whitelisted' (authorised) by the senders. To enhance message traceability, TRAI has mandated that the trail of all messages from senders to recipients must be traceable from November 1, 2024. Any message with an undefined or mismatched telemarketer chain will be rejected. The latest move assumes significance as TRAI has cracked the whip on unauthorised telemarketers indulging in promotional calls and messages to telecom subscribers. Last week, TRAI directed telcos to disconnect all telecom resources of unregistered telemarketers found making spam calls, and to blacklist them for up to two years.

The longer the cost of living remains elevated, the more typical Americans are having to cut back on their spending.

Benchmark NSE Nifty closed 126.2 points up at 24698.85 amid buying in frontline bluechip counters.

JR One Footwear Pvt Ltd, a joint venture company between Phoenix Kothari Footwear Ltd and Taiwan-based ShoeTown Group has plans to expand its presence in Tamil Nadu by setting up two more manufacturing facilities and leather component clusters in the state, a top official said on Tuesday. The company had already committed investments of about Rs 5,000 crore for setting up a factory in Perambalur to produce 'Crocs' range of footwear. Spread across 50 acre of land in the district, located about 250 km south of Chennai, the manufacturing unit currently has generated about 1,700 jobs (direct and indirect) in the region. «We are expanding by entering two more districts (For setting up manufacturing facilities). We are bringing two more international footwear brands. We will announce the name of two districts soon, » Phoenix Kothari Footwear Ltd Chairman J Rafiq Ahmed said in an interaction here. Globally, Shoetown Group is a leading manufacturer of footwear and the Kothari Group has ties only with Ron Chang, Chairman, Shoetown Group for manufacturing of footwear in India, he said responding to a query.

Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Quick commerce companies are increasing the total weight which can be delivered per order as consumers have started doing monthly large pack shopping from 1-10 of every month replacing modern retail stores and other e-commerce platforms. Large fast moving consumer goods (FMCG) companies also want to initiate sales of such packs through quick commerce as they do not want to miss out on the sales opportunity.

Mangalore Chemicals & Fertilizers Ltd.(up 3.15%), Sikko Industries Ltd.(up 1.87%), Chambal Fertilisers & Chemicals Ltd.(up 1.70%), Madhya Bharat Agro Products Ltd.(up 1.58%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 1.31%), The Fertilisers and Chemicals Travancore Ltd.(up 1.30%), Southern Petrochemicals Industries Corporation Ltd.(up 1.30%), Zuari Agro Chemicals Ltd.(up 1.14%), Agro Phos India Ltd.(up 0.78%) and Gujarat State Fertilizer & Chemicals Ltd.(up 0.57%) stood among the top gainers.

Domestic benchmark index NSE Nifty ended 126.2 points up at 24698.85, while the BSE Sensex closed 378.18 points up at 80802.86.

record date for the purpose of its 1:5 stock split, following which the stock closed 4.6% higher on BSE at Rs 555. “The Company has fixed Wednesday, 11th September, 2024 as ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division of every one fully paid-up equity share having face value of Rs. 10/- (Rupees Ten only) each in the share capital of the Company into five (5) fully paid up equity shares having face value of Rs. 2/- (Rupees Two only) each,” said the company in a filing to the exchanges.

Tasty Bite Eatables Ltd.(up 9.91%), Zydus Wellness Ltd.(up 4.42%), Dangee Dums Ltd.(up 4.03%), JHS Svendgaard Laboratories Ltd.(up 3.84%), ADF Foods Ltd.(up 2.67%), Prataap Snacks Ltd.(up 2.08%), Euro India Fresh Foods Ltd.(up 1.84%), Jyothy Labs Ltd.(up 1.42%), Gillette India Ltd.(up 1.34%) and Patanjali Foods Ltd.(up 1.16%) stood among the top gainers.

Axiscades on Tuesday said its subsidiary Epcogen has bagged an energy storage project from UK-based Highview Power. The project is expected to generate 50 MW of power for 6 hours, aggregating to 300 MW, according to a company statement. «Subsidiary Epcogen has been awarded a long-term contract by Highview Power, a British energy storage technology producer. This project will feature the world's largest liquid air energy storage (LAES) facility, supporting a 50 MW, 300 MWh (six-hour) long-duration energy storage capacity to provide power to over 1 million homes in the UK,» the company said. The project will be set up on an engineering, construction and procurement (EPC) basis at Carrington in Manchester over a period of 20 months, the company said, adding that the commercial operation at the site is planned to begin in 2026.

Penn Mutual Asset Management CIO Mark Heppenstall joins ‘Mornings with Maria’ with his perspective on several U.S. economy headlines.

big tech in the EU, the months ahead could prove a winter of discontent as the bloc wields a fortified new legal armoury to bring online titans to heel. Since August 2023, the world's biggest digital platforms have faced the toughest ever tech regulations in the European Union — which shows no sign of slowing down in enforcing them. Brussels scored its first major victory after forcing TikTok to permanently remove an «addictive» feature from a spinoff app in Europe in August, a year after content moderation rules under the bloc's Digital Services Act (DSA) started to apply.

Vedanta Ltd. rose 0.61 per cent to Rs 445.25 in Tuesday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 24721.85, up 149.2 points. The scrip had closed at Rs 442.55 in the previous session. The stock quoted a 52-week low of Rs 207.85 and a high of Rs 506.85. The company quoted a market-cap of Rs 174012.27 crore on the BSE.

Reasons to BuyReasons to AvoidWhat are buyers saying on Amazon?Buyers appreciate the air fryer's performance, ease of use, and sleek design, but some have concerns about support, product condition, and value.Why choose this product?Choose this air fryer for its efficient cooking, user-friendly interface, and stylish design, though be mindful of mixed reviews on support and product quality.The Philips Digital Air Fryer HD9252/90 is a versatile kitchen appliance that allows you to cook tasty meals with up to 90% less fat. It features Rapid Air Technology and a unique starfish design for evenly cooked food.

«The next resistance for the Bank Nifty is at 51,900 to 52,000. So, I feel that market should do well. Bank Nifty should lead from here and at least I am expecting 1000-point rally in next three to four sessions in the Bank Nifty,» says Vinay Rajani, HDFC Securities. Firstly, if you look at the markets, it is 140 points up today, 24,700. We have also claimed the 2nd August highs that we had seen. So, how are you looking at the Nifty trajectory from here on? Vinay Rajani: So, basically, for the last four trading sessions Nifty has been rising and the all-time high for the Nifty was placed at 25,078, which was registered on 1st August and from that level we witnessed a correction and that correction went up to 23,900 odd level. If we were to take the 61.8%, which is the Fibonacci retracement level, Nifty has managed to close, it has surpassed that level, 24,625 was the level precisely, that retracement level that has been taken out. We have also taken out the crucial gap resistance, which was there around 24,686. So, now it is trading above that.

iPhone 16 launch date revealed via new leaked poster. Expected date, time and all we know so farAccording to a report by Bloomberg, Apple's key partner Foxconn has started training thousands of its workers at a factory in Tamil Nadu to produce iPhone 16 Pro and iPhone 16 Pro Max variants.

Harris' presidential campaign said on Monday (19 August) that she planned to stick by proposals put forward by outgoing president Joe Biden to bring the corporate tax rate up from 21% to 28%, in news first reported by NBC. She is expected to be announced as the official Democratic presidential nominee at the party's convention in Chicago this week. Her plans contrast to her presidential rival Donald Trump, who declared that if he was re-elected, he would cut rates to 15%. Amundi CIO Mortier: Markets have yet to price in the risk of a Trump-fuelled inflation rebound The former pr...

Bharat Electronics Ltd. gained 0.13 per cent to Rs 302.4 in Tuesday's trade. It hit a high of Rs 303.15 and low of Rs 297.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 225.42, while the 50-DMA was at Rs 308.5. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Crompton Greaves Consumer Electricals Ltd. fell 0.71 per cent to Rs 450.2 in Tuesday's trade as of 01:19PM (IST) even as the benchmark Nifty ruled at 24720.05, up 147.4 points. The scrip had closed at Rs 453.45 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 470.5. The company quoted a market-cap of Rs 28939.26 crore on the BSE.

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. Now, it's the health of the job market that's starting to draw their concern. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. How fast it may cut rates after that, though, will be determined mainly by whether employers keep hiring. A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers. It's a platform that Powell and his predecessors have often used to signal changes in their thinking or approach.