UPS Financial News

ixigo IPO: The listing date of the 'ixigo' brand parent company, Le Travenues Technology Limited, has been fixed on 18th June 2024, i.e. today.

Coca-Cola India has sounded out the promoters of at least four top Indian business houses — including the Bhartia family that owns the Jubilant Group running the Domino's pizza chain, and the Burmans of Dabur — to sell a significant minority stake in its wholly owned bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), executives aware of the developments said. The Parekh family of Pidilite Industries, makers of the iconic adhesive brand Fevicol, M-Seal and Dr Fixit, and the promoter family of Asian Paints have also been approached for a potential $800 million to $1 billion investment via their respective family offices. Some of those approached are also exploring if they would route the proposed investments through one of their group companies. Jubilant Foodworks, India's largest food services company, for example is already in the consumer business and has the exclusive franchise for Domino's Pizza and Dunkin' Donuts and Popeyes in India. The company also owns the Domino's franchise in five other markets across Asia and has acquired Coffy, a leading coffee retailer of Turkey.

smartphone at your doorstep, on-demand, in 10 minutes may not be far cry now. The likes of Swiggy Instamart, Zomato’s Blinkit, BigBasket’s BBNow and Zepto plan to expand their quick commerce services to electronic products and white goods categories by Diwali, delivering within 10-45 minutes, said industry executives. Brands are open to partnerships with these platforms, encouraged by the success of the model in fast-moving consumer goods (FMCG), they said. It’s a huge opportunity in the kitchen and small appliances segment, apart from handsets, television sets and microwave ovens, where ecommerce accounts for 35-45% of sales, according to the executives. BigBasket chief executive Hari Menon told ET that it will deliver most electronics products within 15 minutes, and large appliances such as refrigerators, air-conditioners and washing machines within 30-45 minutes. He said BigBasket will also sell smartphones through quick commerce, for which it is tying up with Tata electronics retail chain Croma.

Demon Slayer Season 4 quickly approaching, the studio is getting ready to release special closing episodes that are sure to please fans. This season features the hard-hitting Hashira Training Arc, in which the demon slayers train diligently in anticipation of their last battle with Muzan and the powerful upper moons, as per the reports of Dexerto.

Outer Banks star Madison Bailey provides a production update for Season 4, hinting at a near completion and a release before the end of 2024. Fans eagerly await the next chapter of the treasure-hunting saga.

Premier League fixtures for the forthcoming season have been revealed, making this one of the most thrilling moments of the summer. The 20 Premier League teams are now known, with Southampton joining Leicester City and Ipswich Town following their promotion.

National Bank of Canada shares are being punished too harshly after announcing its intent to buy Canadian Western Bank, according to Bank of Nova Scotia, which called the deal a “strategic winner.”

More Bank of Canada interest rate cuts can’t come soon enough for an increasing number of people who say they are worse off financially on several fronts, says a new survey.

Canada’s core values have shifted so meaningfully that I am afraid they are destroying the economic future of this country for our children and grandchildren.

The Canadian real estate market showed further signs of sluggishness in May, with the national benchmark home price slipping to $714,300, down 0.2 per cent from April to May 2024, and 2.4 per cent year over year. Despite this, the Canadian Real Estate Association (CREA) remains optimistic, expecting the recent rate cut by the Bank of Canada to inject new life into the market.

U.S. stocks rallied to more records as gains for technology companies keep pushing the market higher

They say entrepreneurs comprise their own unique breed. Well, apparently those differences from traditional employees extend to financial planning as well, according to Michael Lehman, CEO of Premier Wealth Partners.

After months of speculation, Fisher Investments said over the weekend it had sold up to 23.5% of the $275 billion registered investment advisor to a group of investors, and, after doing some quick math, market players and participants placed a valuation of the firm in neighborhood of 15.5 time EBITDA, or earnings before interest, taxes, depreciation and amortization.

A fleet of Russian warships, including a nuclear-powered submarine, has left Havana’s port after a five-day visit to Cuba following planned military drills in the Atlantic Ocean

Erin Fox has tracked drug shortages for more than 20 years, and she sees no easy solutions for what has become a record run

It’s been creative director musical chairs at some of Italy’s top fashion houses, and the pressure is showing, at least on social media

The U.S. Supreme Court has refused to take up a challenge to an agreement that gave the Seminole Tribe exclusive rights to handle online sports betting in Florida, dealing a blow to the deal’s opponents

Stocks that are trading heavily or have substantial price changes on Monday: Autodesk, Walt Disney rise; AMC Networks, Dycom fall

US surgeon general Dr. Vivek Murthy has called on Congress to require warning labels on social media platforms similar to those now mandatory on cigarette boxes, as per an AP report. In a Monday opinion piece in the The New York Times, Dr. Vivek Murthy said that social media is a contributing factor in the mental health crisis among young people. Murthy said that the use of just a warning label wouldn't make social media safe for young people, but would be a part of the steps needed.