UPS Financial News

₹945 crore. June quarter marks the fifth consecutive quarter of subdued revenue performance with growth being flattish in FY24 after two years of strong show. In the March quarter earnings call, Bata’s management had said it was seeing initial signs of demand recovery.

Avadh Sugar & Energy Ltd.(up 8.30%), Triveni Engineering & Industries Ltd.(up 2.81%), EID Parry(India)Ltd.(up 2.61%), Dwarikesh Sugar Industries Ltd.(up 1.97%), Ponni Sugars(Erode)Ltd.(up 1.83%), Magadh Sugar & Energy Ltd.(up 1.33%), Dalmia Bharat Sugar and Industries Ltd.(up 1.30%), Uttam Sugar Mills Ltd.(up 1.21%), KM Sugar Mills Ltd.(up 1.08%) and Dhampur Sugar Mills Ltd.(up 0.94%) stood among the top gainers.

Family Feud, a popular game show when I was growing up, would ask contestants to guess how a group of people had answered a specific question. It served as a regular reminder of the importance of supplementing one’s thinking with external perspectives. If, in the tradition of Family Feud, we were to poll market participants about the turmoil we’ve seen since the worse-than-expected US jobs report, I suspect we would get quite specific responses on what is causing the global stock selloff as well as what would be the best circuit breaker to avoid further big losses.

If working adult children return home to live with their parents, there should be a financial benefit to the household, in theory.

Gregg Abella, a money manager in New Jersey, wasn’t expecting the flood of phone calls he got from clients this past week. “Suddenly people are saying to us, ‘Wow, do you think it’s a good time for us to add bonds?’”

Former President Donald Trump this week promised retirees that he would end the tax on Social Security benefits if elected – and policy experts have been quick to critique that idea.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses. Revenue for the reporting quarter is seen growing 26% year-on-year, according to an average estimate of three brokerages. Net profit however is estimated to surge up to 429%.

Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year. The company's consolidated revenue rose 85% YoY and 16% QoQ to Rs 651 crore for the quarter ended June 2024. The consolidated EBITDA stood at Rs 157 crore for the said period, which is up by 349% YoY.

₹5686, up 9% over last year. The company has over 10,000 rooms across its 107 hotels.

Amazon Great Freedom Festival sale ends on August 12th: Limited time offers on best headphones, up to 68% off Bicycles for women prioritise comfort and performance, making them ideal for casual outings, fitness rides, or adventurous trails. With thoughtful features like step-through frames and uniquely designed saddles, these bikes promise a smooth and enjoyable experience.

FirstCry, will debut on the exchanges on Tuesday. Ahead of the listing, the company's shares are trading at a GMP of Rs 84 in the unlisted market. Considering the upper price band of Rs 549, the stock is expected to list at a premium of 18% to the issue price.

Reserve Bank of India has set up an expert panel to benchmark India's statistics to global standards and improve them as needed, the central bank said on Monday. RBI's Deputy Governor Michael Debabrata Patra will chair the expert committee of 10 members. The panel will submit its report by the end of November 2024. The expert committee will be tasked with benchmarking the statistics regularly disseminated by it against global standards and best practices. It will also study the quality of other regular data where such benchmarks do not exist, including for sectors of national priority. Finally, the panel will provide guidance on the scope for any further data refinement.

shipping industry worldwide. As per BIMCO’s Manpower study, which is published every 5 years (the last being published in 2021) India ranked as the 5th largest manpower supplier in Shipping globally. In 2021 together with Philippines, Russian Federation, Indonesia, China & India supplied bulk of the global workforce in shipping. These 5 countries collectively accounted for 44% of global supply of seafarers. India accounted for 2,50,071 active seafarers of which 1,51,840 were Ratings & 98,231 were officers. Chinese seafarers catermainly to their own national flag and / or coastal ships. The reason for Chinese being limited to their national industry is obviously due to their language barrier.

The Labor Department releases its monthly consumer price index on Wednesday

Canada through the Express Entry system, many potential applicants wonder if there is an optimal age for their application. While age is a significant factor, it is not the only determinant of success in the Express Entry process. Generally, the ideal age range for maximizing Comprehensive Ranking System (CRS) points is between 20 and 29 years old. During this period, candidates can earn up to 110 CRS points if applying without a spouse, which is the highest possible score for age. As candidates get older, the points awarded for age decrease. For instance, at age 35, the maximum points drop to 77. This decline in points as one ages is a key reason why many older applicants might feel discouraged when applying for Canadian permanent residence.

British Columbia offers diverse pathways for immigration, each tailored to different types of applicants, including skilled workers, healthcare professionals, international graduates, and entrepreneurs. Here’s a deeper dive into each immigration stream and its specific requirements:

ACC Ltd. traded at Rs 2327.4 on BSE at 01:59PM (IST) on Monday, down 0.99 per cent. The stock quoted a 52-week low price of Rs 1803.8 and a high of Rs 2843.0. Earlier in the day, the stock saw a gap down opening.

Siemens and Honeywell. The consumer division, which generates a third of sales, makes all manner of devices that can connect with 5G. It has begun releasing fancy smartphones again, but also makes watches, televisions and the systems that control many Chinese electric vehicles (evs).

₹1 crore, an employee pays about ₹30 lakh tax. This 30% tax outgo is under the new tax regime and includes a 10% surcharge and 4% cess. The employee can save some tax by opting for the old regime if he can make tax-saving investments and has expenses of at least ₹4.84 lakh.

Karnataka and Andhra Pradesh are on high alert for potential flooding after a crest gate of the 71-year-old dam across the Tungabhadra river failed Sunday afternoon. This incident has led to water gushing out of the dam, which is about 350km from Bengaluru, raising concerns for downstream districts in north Karnataka and Andhra Pradesh's Kurnool and Nandyal. The Tungabhadra dam, which was inaugurated in 1953, has a maximum storage capacity of 133TMCFT (thousand million cubic feet). As of Saturday, it held 100TMCFT of water, with the remaining 33TMCFT being silt. On Saturday evening, 22 of its 33 crest gates were opened, releasing nearly 1 lakh cusecs of water into the river. Engineers have raised concerns regarding the damaged gate, estimating that 60TMCFT of the stored water must be drained before they can proceed with replacing the damaged gate. The entire process, including constructing a new gate, could take four days or longer.