UPS Financial News

Piper Sandler chief global economist Nancy Lazar discusses whether the U.S. economy is as strong as earnings suggest on 'Making Money.'

Canada is taking initial steps to limit businesses’ use of a program that allows them to bring in temporary foreign workers after it exploded in size, sparking allegations of fraud and exploitation.

Canada just went through one of the most punishing bouts ofinterest rate hikes in history, and when you think about it, it’s quite remarkable we haven’t fallen into recession — at least not yet, anyway.

Shares of Alkem Laboratories Ltd.(up 3.18 per cent), Lupin Ltd.(up 2.83 per cent), Natco Pharma Ltd.(up 2.5 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 1.58 per cent) and Ipca Laboratories Ltd.(up 1.56 per cent) ended the day as top gainers in the pack.

The Bank of Canada’s governing council has shifted its focus to downside risks to inflation and is concerned about the impact mortgage renewals and population growth uncertainty may have on the economy, according to deliberations from its most recent interest rate decision, released on Wednesday.

The public relations industry has steadily grown over the past decade, increasing by around 6.7% each year . Across the globe, organizations utilize public relations to build better relationships with their audience, communicate news to the public, and forge a level of transparency in their operations.

Restaurant Brands International Inc.’s sales grew less than anticipated in the second quarter, the latest sign of consumer malaise hitting restaurants.

Tapping home equity through a line of credit can make sense for many reasons, but following a report that HELOC balances are increasing, new research reveals some risky uses by some borrowers.

Manulife Financial Corp.’s Asia business posted further gains, with strong insurance sales in Japan and Hong Kong, offsetting lower earnings in its U.S. division.

Eicher Motors on Thursday reported a consolidated net profit of Rs 1,101.46 crore for the quarter ended June 30, 2024, which was up by 20% over Rs 918.34 crore reported by the company in the year-ago period. It was above the ET Now poll of Rs 1,031 crore.

Bitcoin (BTC) has ended its losing streak and surged above the $57,000 mark for the first time this week on Thursday. This rebound comes as market participants seized the opportunity to buy the dip.

Cochin Shipyard on Thursday reported a 76.6% year-on-year (YoY) growth in its consolidated net profit to Rs 174.23 crore for the June 2024 quarter of FY25. It had clocked Rs 98.65 crore profit in the year-ago period. The company's revenue from operations increased 62% to Rs 771.47 crore against Rs 475.86 crore in the corresponding period of the preceding fiscal.

₹1,499 and goes up to ₹39,999 (quite steep as an offering from fast-fashion but accessible if you consider that Khanna’s couture garments are usually worth lakhs)—but also showcases a relaxed design vocabulary for India. At the same time, it doesn’t compromise on colour and craft, unlike the 2021 H&M x Sabyasachi collection—the first Indian designer collaboration—that was largely restricted to chintz overkill and often-repeated silhouettes. Khanna has used a little chikankari on an oversized jacket that you can wear from an office meeting to a party; kantha on a long shirt that’s perfect for a Sunday brunch; an elephant-eye print on a shirt-like jacket and lungi skirt that would work at an evening party; and hand-embroidered patchwork on a coat that will make heads turn.

₹1,222 crore in the June quarter (Q1FY25). However, this robust growth was mainly due to the consolidation of the Thailand business. The acquisition, completed in January, added 283 Thailand KFC stores to Devyani’s portfolio back then.

The recent amendment to the Finance Bill, which offers the choice of a 20% LTCG tax with indexation or a 12.5% tax without indexation forproperty deals before 23 July, is a welcome change. 

As of 12:30 pm, the retail investor category booked strong demand, with subscriptions reaching 72.72 times. The non-institutional investor (NII) category was subscribed nearly 88 times, while the qualified institutional buyers had booked the issue by 1.7 times

NEW DELHI : India’s retail inflation is expected to have dipped below the Reserve Bank of India’s medium-term target of 4.0% in July, marking the first time since September 2019. The Consumer Price Index (CPI) inflation is expected to drop to 3.6% in July from 5.1% in June, primarily due to the statistical effect of a high base last year, according to a median estimate of 21 economists polled by Mint. "With the year-on-year inflation pulled lower by base effects, it will be more constructive to look at momentum in prices to understand the extent of inflationary pressures," said Barclays in a report earlier this week.

Mark Mobius, Mobius Emerging Opportunities Fund, says at the end of the day, it is not foreign investors who drive the Indian market, it is domestic investors. RBI recently said that they want the banks to attract more deposits and probably one of the reasons for this is that there are too many retail investors going into the market and gambling and it might be a good idea for them to keep some money in the banks rather than stocks, but that is just a very short term kind of view. Mobius says as long as S&P 500 continues to move up with corrections along the way, we will see a very good bull market in most countries around the world, particularly India. After Vodafone, have you added any other stock to your India portfolio? Mark Mobius: Yes, but I cannot tell you what it is because we are still adding. But yes, we have added. Because as I say, we are still sitting on more cash.

«On the NBFC side, we are more positive on, I would say, non-consumer NBFCs which are more catered towards CV cycle or power sector and we are also diversifying within financials towards non-lenders like insurance, this is one sector where we think this is ripe for some kind of outperformance over the next two to three years,» says Ashutosh Bhargava, Nippon India Mutual Fund. A quick view on the way policy pared out today. There was expectation that there would be some stance change at least, that did not happen, forget about the rates but it appeared that the governor was very steadfast on controlling inflation and some commentary again on top-up loans and deposits continues to remain an issue. What were your key observations from the policy commentary today? Ashutosh Bhargava: So, going into this policy, it is not that there was a consensus of a rate cut, but there was definitely an expectation of some change in stance towards more neutral, but that has not happened. It seems that the RBI is very focused on this 4% inflation target and overlooking already below 4% core inflation.

NEW DELHI : Mumbai-based Deepa Desai, 47, had a harrowing time transferring her provident fund (PF) from one employer to another. Even withdrawal was not easy. Here's why.

What are vehicle insurance policy papers and what information is in them? As proof of you holding a valid vehicle insurance policy, the insurance company provides you with a policy document. This paper contains a lot of important information. You will find insurance company details, the date when the policy was purchased, the date from which the policy validity begins, and the date until which the policy remains in force. The car insurance policy paper also has vehicle-specific information like the car registration number, engine and chassis number, vehicle make and model details, etc.