UPS Financial News

18.06 / 16:07

markets UPS Citi Manufacturing PepsiCo Schools PepsiCo India aims to make 1 million women economically independent in 3 years

Mint. “Over the last 3-4 years, we have upped the number of women in the sales and marketing division from 5-6% to 20%."The program, called ‘RevolutioNari–A Revolution for the Nari’, is aimed at empowering 1 million women nationwide, in partnership with a consortium of organizations and spanning 1,000 days, PepsiCo said in a statement.In the first phase of the programme, PepsiCo India will focus on undergraduate women in multiple disciplines, including science, technology, engineering, and mathematics (STEM), and agriculture.

18.06 / 16:07

UPS McDonald’s Food IBM voice testing McDonald's is ending its test run of AI-powered drive-thrus with IBM

Ever get your McDonald’s order mixed up at an AI-powered drive-thru

18.06 / 16:07

UPS Provident security Mobile Indus reports Vodafone Group Plc to sell 9.94% stake in Indus Towers for up to $1.1 billion

₹310- ₹341 per share, valuing the transaction between $996 million and $1.1 billion, according to a term sheet seen by Mint.Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas will manage the sale which is slated to open on Wednesday.Mint had reported on Tuesday that Vodafone Group Plc, which owns 21.5% through various entities in Indus Towers, is looking to sell its stake in the mobile tower provider. Private equity (PE) firm I Squared Capital and alternative investment firm Stonepeak were reported to be in the fray as buyers.Indus Towers is India’s largest telecom tower provider with over 219,736 towers covering all 22 telecom circles.

18.06 / 16:07

UPS Adidas Celebrity singer reports Investigations athletics Adidas is investigating allegations of embezzlement and bribery in China, according to news reports

Adidas has launched an investigation into allegations of “compliance violations” in China after receiving an anonymous letter earlier this month accusing local executives of embezzling millions of euros

18.06 / 16:07

UPS MET awards Experts stars Colleges ‘Women are built for this business’

The summer months may bring warm, sunny days on beaches or roasting marshmallows around the campfire while singing “Country Roads, Take Me Home”, but it also brings something else to add on that vacation checklist: a nomination!

18.06 / 16:07

UPS Research show voice social reports Young, wealthy investors more likely to go for broke

In comparison to their more senior counterparts, young high-net-worth investors are more likely to show a preference for assets other than traditional public investments, according to a new study by Bank of America.

18.06 / 16:05

UPS Provident Death Colleges Investigations Kanchanjunga Express Accident: Railway safety chief launches probe

Kanchanjunga Express accident, where the death toll today touched 10. Janak Kumar Garg visited the accident spot today morning and said the enquiry will start in the afternoon. «Investigation is starting now. An inquiry will start in the afternoon… It is an automatic signal territory and if the signals are not working, the drivers need to follow a procedure. What mistakes have happened, that will come out of the investigation,» Garg said. The Station Master of Rangapani will also be questioned. Meanwhile, train services in both up and downlines have been normalized from today morning.

18.06 / 16:05

UPS Digital Sustainability WhatsApp reports guidelines Digital loans up 49% in FY24 by value, Rs 1.46 lakh cr disbursed: Industry body

disbursements at Rs 1.46 lakh crore in financial year 2023-24. According to Fintech Association for Consumer Empowerment (FACE), the number of loans disbursed grew by 35 per cent to over 10 crore borrowings in FY24. It can be noted that the Reserve Bank has been public with its concerns on some of the practices adopted by such lenders, and has also formulated draft guidelines for their operations. «The digital lending sector is responsibly driving ahead with a sharp focus on customer-centricity, compliance, risk management and sustainable business models,» FACE's chief executive Sugandh Saxena said in a statement

18.06 / 16:05

UPS Reuters WhatsApp country Ford plans further job cuts in Europe, German works council says

Ford plans further job cuts in Germany, Spain and the U.K., the head of the worker's council for the US automaker in Germany told Reuters on Tuesday. It is unclear how many additional job cuts are foreseen in Germany under the new restructuring plan, which comes on top of a previous restructuring program, said the head of the works council at Ford's Cologne plant, Benjamin Gruschka. Gruschka added that a decision is expected by end June.

18.06 / 16:05

markets UPS MET Election Trade Department Export duty on onions to stay as domestic prices recover

onion prices in the domestic markets have almost doubled in the last one month, said trade sources who met commerce minister Piyush Goyal in the capital on Tuesday. «The government is in the mood to observe the movement of onion prices for a couple more weeks before it takes any decision on the export duty,» said an onion trader, who requested not to be identified. The average rate of onions at the benchmark Lasalgaon APMC was Rs 28/kg on Tuesday, up 40% during the last 15 days and double of what it was exactly a month ago.

18.06 / 15:41

UPS President War Department Congressional leaders allow arms sale to Israel after White House pressure

Two top Democratic leaders in Congress have unblocked the sale of 50 F-15 jet fighters to Israel, paving the way for a major weapons deal that had been held up over concerns about the killing of thousands of civilians in the war in Gaza. The $18 billion sale is one of the largest arms deals with Israel in recent years, and comes as President Biden is facing calls from leaders in his own party to withhold American weapons in order to pressure Israeli Prime Minister Benjamin Netanyahu to accept an end to the Gaza war.

18.06 / 15:32

UPS Bill blues innovations athletics polo Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms

When Team USA walks with the world’s athletes during the Paris Olympics' opening ceremony, they’ll be doing so in snappy blue blazers and blue jeans from Ralph Lauren

18.06 / 15:31

markets COST UPS Target economy show reports Retail sales rise a meager 0.1% in May from April as still inflation curbs spending

Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending

18.06 / 15:31

UPS Provident Pregnancy hospital reports Schools rights This law is a lifeline for pregnant workers even as an abortion dispute complicates its enforcement

A new law strengthening protections for pregnant workers has been a lifeline to many low-wage women seeking accommodations from employers who might otherwise have forced them into unpaid leave

18.06 / 15:31

UPS Provident security Apple Inside Equality Apple kills off its buy now, pay later service service barely a year after launch

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna

18.06 / 15:31

UPS Citizens Extreme Mobile CAT poverty Headlines Post Malone and Doja Cat to headline Global Citizen Festival to mobilize young people

Post Malone and Doja Cat, two of pop music’s biggest stars, will headline this year’s Global Citizen Festival in New York’s Central Park on Sept. 28, as organizers focus on mobilizing young people to help address the world’s pressing problems

18.06 / 14:39

markets UPS Research country rock reports Posthaste: Oil demand 'on the rocks' in world awash with crude, warn strategists

Oil markets could be in for a stormy year, according to a new report from strategists at Bank of America.

18.06 / 14:39

UPS economy pandemic 2020 shock OSFI keeps big banks' stability buffer unchanged as risks remain 'elevated but stable'

Canada’s top banking regulator held the domestic stability buffer at 3.5 per cent Tuesday following a semi-annual review of the ‘rainy day’ funds the country’s largest banks must set aside to help absorb losses and to keep loans flowing in the event of financial shocks or uncertainties.

18.06 / 14:33

UPS Platform Hargreaves Lansdown receives second bid from PE consortium for £5.4bn

This is an increase from the previous bid of £4.6bn, which the FTSE 100 company rejected last month as the platform said it undervalued the company. In a stock exchange notice today (18 June), Hargreaves Lansdown said the consortium increased its cash offer to 1,140p per share – up from the previous 985p – 30p of which will comprise a final dividend for the financial year 2024. HL shareholders will also be given the option to choose a «rollover equity alternative» in respect of some or all of their shares, the platform explained. Hargreaves Lansdown rejects bid from private equity ...

18.06 / 14:33

UPS Maven Capital to raise £40m across four VCTs

In a stock exchange notice today (18 June), Maven said four of its venture capital trusts will each raise up to £10m, which will also include an over-allotment facility of up to £5m. The VCTs are: the Maven Income and Growth VCT; Maven Income and Growth VCT 3; Maven Income and Growth VCT 4 and the Maven Income and Growth VCT 5. Shares will be issued in the 2024/25 and 2025/26 tax years. Maven said: «Having considered the current cash reserves of the companies and the amounts intended to be raised under the offers, the boards are confident that [Maven] will continue to be able to id...

18.06 / 14:21

COST UPS Digital Google Apple Research Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up

BEIJING — Games and movies on Google Play Store apps can now be viewed in three dimensions via a new Android mobile device from augmented reality glasses maker Xreal, the Alibaba-backed startup said Tuesday.

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