UPS Financial News

A federal judge has branded Google as a ruthless monopolist bent on suffocating it competitors

Impromptu conga lines at beach volleyball

AIA Engineering approved a share buyback of Rs 500 crore in its meeting held today, at a price of Rs 5,000, which is a premium of 12% on its current market price of Rs 4,466. “We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have, inter alia, approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of ~ 2/- each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of ~ 5,000/- (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding ~. 500,00,00,000/- (Rupees Five Hundred Crores only),” said the company in its filing to the exchanges.

Probal Sen, V-P-Equity Research, ICICI Securities, says there is a reasonable dividend yield in NGC and Oil Insia and the return ratio should start to show an improvement, specifically for ONGC and to a lesser extent with Oil India, despite all the strength, I think there is still some steam left in these two stories. When did you last look at ONGC so closely after decades of tracking the energy space? Does it merit the big upgrade coming in? Three of your peers in the industry have done it. Probal Sen: We have had a positive stance on ONGC over the last year. I am surprised by the extent of the reaction. To be honest, I do not think that the production guidance that the company gave was anything new compared to what they have been anyways saying for the last three quarters.

The budget speech gave pride of place to the long-term goal of Viksit Bharat and also said that reforms in many areas would be needed to achieve it. This article focuses on one of those areas: trade policy. Policies should be tailored to specified targets, and in this respect, commerce minister Piyush Goyal has set an ambitious target.

policy decision on Thursday even though most expect he’ll keep interest rates unchanged again. Global markets have been roiled in recent weeks by central bank action, with the Bank of England cutting interest rates last week, the Bank of Japan hiking, and the Federal Reserve preparing to ease amid recession fears. That may give the Reserve Bank of India reason to stay cautious after keeping rates steady for 18 months already. But there is a chance the RBI may signal a pivot is coming months. Thursday will be the last rate decision of the six-member monetary policy committee before its current four-year term expires in October. Some economists expect the MPC may want to go out with a bang by possibly setting the stage for policy easing.

«There may be years where you might see a muted volume growth of about 5-6-7%, but the value growths are far more higher and that is probably reflected in some of the results, like the Maruti results that we have seen for the last the entire financial year 24 and also the first quarter of financial year 25, where the value growth in terms of the revenue, gross profit, EBITDA, is in high double digits,» says Sachin Shah, Emkay Investment Managers. Let us begin by discussing the auto space itself. Quite a few launches lined up. There is the expectation of rural recovery as well. But at the same time, these stocks have run up quite substantially over the last couple of years in terms of the stock price. How do you weigh the risk-reward for this sector right now? Sachin Shah: So, clearly, within the auto, we have three large segments. One is, of course, the passenger vehicles, then you have two-wheelers, and then commercial vehicles. All the three segments have done exceedingly well in the last two-three years now. And the underlying theme between particularly in the passenger vehicle segment which is what you were referring to earlier is largely the game of premiumisation.

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As of 12 noon, the public issue was subscribed nearly 5 times. The retail investors’ category was oversubscribed 19.13 times. The non-institutional investors (NIIs) filled 5.42 times of the portion allotted to them, while merely 23,184 shares were bid by qualified institutional buyers out of the reserved 76,82,554 shares.

qualification round made quite a statement but a tough challenge awaits defending champion Neeraj Chopra as he seeks another piece of history in the Paris Olympics men's javelin throw final round here on Thursday. Just like he did at the same stage in the Tokyo Olympics three years back, Chopra needed just a few seconds to top the qualification round with his opening throw but the similarity ends there. This time, the quality of the field is better than Tokyo with nine throwers crossing the automatic final round qualification mark of 84m in Paris as against six in Tokyo. Out of the nine, five made it to the final round with their first throws and thus will have a lot in their tanks for the medal round. The 26-year-old Chopra knows it too well, having been in the global circuit for more than eight years.

«Everything that we manufacture in our new plant, which is already operational, the module plant is fully operational, and the cell plant will become operational in this month and next month. So, we will become very-very resilient in terms of our supply chain and also consistency in terms of quality and the price of the modules,» says Praveer Sinha, CEO & MD, Tata Power. Let us talk about solar rooftops because you also are a very important player in that. Tell us, what is your current market share? What are the plans going forward? How is it that you plan to scale this up? Praveer Sinha: So, we have already completed more than 100,000 rooftop solar houses. We are the biggest in the rooftop business. In the organised sector, we have more than 20% market share. We have huge plans to work with the government, especially the PM Surya Ghar Programme, and we are enhancing our capability both in terms of our channel partners, as also in terms of the reach that we will have with our own teams and the supply chain. So, over a period of time, you will see that we will become one of the biggest players of the rooftop solar in the country.

online portal to fast-track visas for Production Linked Incentive (PLI) schemes has been kick-started by the Ministry of Home Affairs, a government official told ANI. The official mentioned that the online portal to fast-track PLI visas has been operational for about a week. The aim of this special initiative is to ensure smoother approvals of visas for technicians, mostly from China. «We have set up an online portal to fast-track visas for technicians in PLI sectors, including for Chinese vendors,» said the official. According to a government source, a meeting was also held with stakeholders to sensitize them on the workings of the online portal to fast-track PLI visas. The objective is to shorten the visa processing time from the current 4-5 months to within 30 days, according to sources familiar with the discussions.

Mint in an exclusive conversation. Having doubled its headcount in India over the past three years, BT intends to scale up its presence in core engineering, data and AI. “We are looking at actually the digital part, helping the operations team accelerate both our efficacy and efficiency in the ops part using AI as well," Mehta said.

₹18,600 crore for the June quarter (Q1FY25) was above analysts’ estimates but 4.3% lower year-on-year. While production volumes were lower last quarter, ONGC aims to increase output by 19% to 47 million tonnes of oil equivalent (mmtoe) by FY27. This should be aided by higher production from the KG basin 98/2 block, where the ramp-up has been slow.

Big Tech is following a crafty playbook to hoover up AI talent: Instead of buying the hottest AI startups, the giants hire their leadership and license their intellectual property, essentially sucking the life out of them. So long as they leave behind the shell of a company, antitrust scrutiny can be avoided. Alphabet’s Google [which just had bad news in the form of a court ruling against it for its search market monopoly], is the latest to follow this template by hiring the co-founders of Character.ai, Noam Shazeer and Daniel De Freitas, along with a few other employees.

₹34,999. The two devices Vivo V40 and Vivo V40 Pro comes with a 1.5K AMOLED display, IP68 water and dust resistance rating, Android 14 based on Funtouch OS and a massive 5,500 mAh battery.Vivo V40 is priced at ₹34,999 for the 8GB RAM/128GB storage model, ₹36,999 for the 8GB RAM/256GB storage variant and ₹41,999 for the top end 12GB RAM/512GB model.Vivo V40 Pro starts at ₹49,999 for the 8GB/256GB storage model and ₹55,999 for the 12GB RAM/512GB storage variant. Moreover, the price Vivo V40 features a 6.78-inch AMOLED display with a resolution of 2800 x 1260 pixels, 120Hz refresh rate, HDR 10+ certification and a peak brightness of 4500 nits.

Shree Cements Ltd. traded 2.49 per cent up at Rs 25471.2 at around 02:04PM (IST) on Wednesday. The stock had closed at Rs 26121.95 in the previous session. Equity benchmark Sensex traded 620.75 points higher at 79213.82 around the same time.

cryptocurrency market witnessed mixed trading on Tuesday, with several major tokens experiencing notable gains while others declined. Bitcoin, Solana, Toncoin, Cardano, and Avalanche were among the top performers, recording gains of up to 7%. In contrast, Ethereum, XRP, Dogecoin, Shiba Inu, and Polygon faced downward pressure, with losses of up to 2%. Meanwhile, the global cryptocurrency market capitalization rose by 1.25% in the past 24 hours, reaching approximately $2.01 trillion, reflecting a market-wide recovery after recent volatility.

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NEW DELHI : Despite rising interest and investments in non-Hindi web originals in the country, local-language shows still have a long way to go in terms of viewership, shows a recent report. B&B: Bujji and Bhairava (Telugu) and Inspector Rishi (Tamil)—the most-watched regional-language shows—clocked in a viewership of 4.9 million each, against the 28.2 million of the most-watched hindi show, Panchayat-Season 3, in the first six months of 2024, according to research conducted by media consulting firm Ormax Media. Entertainment industry experts say audiences in vernacular markets are still more lured by cinema and television, and unlike Hindi, there are no established franchises with returning seasons.