UPS Financial News

European Union regulators have accused Microsoft of “possibly abusive” practices that violate the bloc’s antitrust rules by tying its Teams messaging and videoconferencing app to its widely used business software

The Norwegian government has signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary

In a stock exchange notice today (25 June), HEFT revealed a total of 75,848,229 shared were tendered, compared with the 31,915,217 shares accepted under the offer. The trust said the oversubscription «was not unexpected given the market backdrop» and the outcomes of recent tender offers and cash exits in the closed-ended sector. Henderson European trusts improve merger terms after unsolicited third-party bid However, under the programme, shareholders were entitled to tender up to 15% of their shares, with any excess shares tendered satisfied «on a pro rata basis, to the extent that...

coffee and sit for six or more hours a day are at almost 60 percent higher risk of dying compared to coffee drinkers who sit for less than six hours daily, according to research published in BioMed Central (BMC) Public Health. Researchers from the Medical College of Soochow University's School of Public Health in China tracked over 10,000 adults in the US for up to 13 years. They found an increased risk of dying for sedentary non-coffee drinkers, a risk not observed among those who drink coffee.

Investors in hotel companies in India should brace for a soft start to the financial year 2025. These firms are expected to bear the brunt of subdued demand in the ongoing June quarter (Q1 FY25), led by the general elections and the harsh summer. This could weigh on the revenue per available room (RevPAR) in the seasonally weak quarter.

jawla (micro dried prawns) masala is worthy of singing a paean for, the latter’s gaboli sukka (dry preparation of fish roe) and prawn stuffed bombil (Bombay duck) are worth the trek to its trio of outposts in Mulund, Ghodbunder and Panchpakhadi in Thane. Speaking of a trek, at the on-going,dinner-onlyAgri Koli food festivalat Courtyard By Marriott Navi Mumbai’s Courtyard Pavillion restaurant, guest chef Savita Nivrutti Koli, a wedding caterer and home chef from Karanja in nearby Uran, talks of the starring role seafood has in her community. “Almost an equal amount of what we fish for sale, will end up on our table," Savita says with a laugh.

Stock market today: Balaxi Pharma shares witnessed strong buying interest among Indian stock market bulls. The small-cap pharma stock opened upside at ₹120.90 per share and touched an intraday high of ₹129.45 apiece, recording an intraday high of over 7 percent during Tuesday deals.

Voltas, Blue Star Ltd, Havells India and Johnson Controls-Hitachi Air Conditioning India have seen their share price rise 42-78% in last one year Other Consumer appliances and fans manufacturers as Crompton Greaves Consumer Electricals, V- Guard Industries including Havells share price have also seen good rise of 42-46% in last six months.While Consumer appliances and durables demand including air conditioner had remained soft in 2023, start of 2024 and good summer season have led to strong lift in demand. The channel inventories have also streamlined and earlier concerns on high channel inventories are behind.

Indian stock market: Market indices Sensex and Nifty touched a new record high on Tuesday's trading session. On June 25, the Sensex surged by 600 points, scaling to 78,000 mark and the Nifty exceeded the 23,600 mark to reach new record highs.

The future of developing countries is in services. This may sound odd in view of the fact that industrialization has been the traditional road to growth and eventual prosperity, one travelled by all of today’s rich economies and by more recent successes such as South Korea, Taiwan and China. Manufacturing seems even more essential given that industrial policies to revive it are back in fashion in the US and Europe.

«I would definitely advocate one to move into safe bets as well as defensive sector. It can be in IT or one can even look at FMCG, one can even have positions in pharma, so I will definitely advocate at current level. Definitely one has to be careful. You have to move into defensive sector,» says CA Rudramurthy BV, MD, Vachana Investments. Yes, the divergent moves are coming in for the broader markets, but you have Nifty Bank charting new territory altogether 52,000. CA Rudramurthy BV: See, for me, both Nifty and Bank Nifty now is consolidating closer to the all-time highs only and whatever clues we get now from the result season as well as budget will hold the key. I feel at current level, one has to have a wait and watch kind of approach. You have to be very-very sector specific and stock specific. I would definitely advocate one to move into safe bets as well as defensive sector. It can be in IT or one can even look at FMCG, one can even have positions in pharma, so I will definitely advocate at current level. Definitely one has to be careful. You have to move into defensive sector. Wait for result season to pan out. Let us see how even budget comes out and then take aggressive position. So, for sure, this is not the time to take aggressive position, not to be in high beta and one has to have reduced leverage and risk management will hold the key if you are a very short-term trader.

Asian stocks rise after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied

Amazon is partnering with hip-hop star Megan Thee Stallion to boost sales for its 10th annual Prime Day discount event

Tata Power Company Ltd. traded 1.15 per cent down in Tuesday's trade at 11:41AM (IST). Around 424,523 shares changed hands on the counter. The stock opened at Rs 435.7 and touched an intraday high and low of Rs 437.9 and Rs 430.45, respectively, in the session so far. Shares of the company of Tata Power Company Ltd. quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 216.35.

InterGlobe Aviation Ltd. traded 1.42 per cent down at Rs 4253.2 on Tuesday at around 11:46AM (IST), while the benchmark BSE Sensex advanced 195.37 points to 77536.45. As many as 6,868 shares changed hands on the counter with a total value of Rs 2.94 crore.

Boeing's Starliner spacecraft, carrying astronauts Barry Wilmore and Sunita Williams, is gearing up for its return journey from the International Space Station (ISS) despite facing technical challenges since its June 5 liftoff. The capsule has encountered five helium leaks, five maneuvering thruster failures, and a propellant valve issue, requiring extensive troubleshooting by the crew and mission control in Houston. Delayed Return

«Speciality chemical is a very different ball game. I mean, it has been struggling and there are intermittent signs of it reviving, but still it is very difficult as China is dumping and the competition across the globe is huge,» says Samit Vartak, SageOne Investment Advisors. For a lot of sectors we are at the peak of optimism, they are baking in the best in terms of order inflows, etc. A couple of places where there is still sort of a lack of belief or a bit of disbelief are those like IT, FMCG, chemicals, etc. Are you saying that perhaps it is time to bet on the underperformers? Samit Vartak: I am looking at companies where I am expecting close to 25% kind of earnings growth. A lot of companies in the IT sector or FMCG will never give you that, even half of that, so they are never really part of my portfolio.

Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in the tech industry, regulators in Brussels said Monday. Apple is the first company to be charged with violating the Digital Markets Act, a law passed in 2022 that gives European regulators wide authority to force the largest «online gatekeepers» to change their business practices.

Crompton Greaves Consumer Electricals Ltd. fell 0.24 per cent to Rs 430.0 in Tuesday's trade as of 12:01PM (IST) even as the benchmark Nifty ruled at 23590.75, up 52.91 points. The scrip had closed at Rs 431.05 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 436.6. The company quoted a market-cap of Rs 27846.53 crore on the BSE.

Multibagger stocks are highly sought after by investors — both retail and market veterans — due to their potential to generate substantial wealth in a relatively short period of time. ETMarkets analyzed the performance of various stocks and discovered that approximately 15 companies have surged by at least 5,000% over the last three years. This remarkable growth means that an investment of Rs 1 lakh in these companies three years ago would now be worth at least Rs 50 lakh.

Bank Nifty was up by 387.5(0.75%) at 25 Jun 2024 10:44:55 IST.Other stocks such as Ascom Leasing & Investments, Future Supply Chain Solutions, FILATEX FASHIONS, Suumaya Industries hit their fresh 52 wk lows today.