UPS Financial News

₹10,422 crore. Ambuja Cements shares rallied as much as 3.86% to a fresh high of ₹690.00 apiece on the BSE.

₹351 to ₹369 per equity share of the face value of ₹2 each. The Stanley IPO date of subscription is scheduled for Friday, June 21, and will close on Tuesday, June 25.

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

Tesla shareholders on Thursday voted to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year. Vote totals were not immediately announced. The favorable vote doesn't mean CEO Musk will get the all-stock compensation anytime soon. The package is likely to remain tied up in the Delaware Chancery Court for months as Tesla appeals the rejection.

Tesla shareholders reaffirmed a pay award worth more than $45 billion for Elon Musk on Thursday, but before the announcement was made official at the company's annual meeting in Austin, Texas, Musk posted the news on X, his social media platform. «Both Tesla shareholder resolutions are currently passing by wide margins!» he wrote in a post late Wednesday. «Thanks for your support!!»

inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of its meeting on Wednesday. Data on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline producer price index (PPI) dropping 0.2% last month after advancing by an unrevised 0.5% in April. Core prices were flat, after also seeing a 0.5% increase the prior month.

Tesla shareholders were voting in favor of a $56 billion pay package for Elon Musk and to move the electric vehicle maker's legal home to Texas, the CEO said on social media on Wednesday. «Thanks for your support!» Musk said on his social media platform X late Wednesday. In his post, Musk included charts showing that the resolutions were set to pass, though shareholders are allowed to change their vote up to the start of the annual meeting.

«The services export boom of India is the most unheralded story of India in the last five years and it is talked about very little and that has not just come through these IT companies, it has come out of the GCCs which are there and I think without Indian GCCs, which are the global competence centres of the multinationals operating in the world, I think all the top 500 companies of the world are today dependent on Indian global competence centres for them to run,» says S Naren, ED & CIO, ICICI Prudential AMC. The market always gives you pockets of excitement, pockets of despair. And I can see some pockets of despair. One is IT. To some extent, you could say underperformance in private banks. Are these two sectors getting ready now to start outperforming, whether it is largecap IT or largecap private banks? Certainly, I would say private banks is an area which appears to be at fair value. So, if you look at the funds that I run directly, like Value Discovery, for example, I have never had a situation in Value Discovery where private banks are such a big part of my portfolio.

«At every higher level, there will be a bit of consolidation for some time and then again it will reach a new level. So, this year we will see a secular upward movement with in between consolidations at different higher levels,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. After all that flux that the markets went through all through the election week, we have already seen consolidation play out, but do you think it is going to continue for some more time? Absolutely. I think, look, while we are consolidating, we are consolidating at an elevated level and I think this is the trend which we will keep watching. The next big trigger will be, of course, the union budget, which is coming up sometimes within the next 15 to 20 days, maybe. The next thing important, of course, which the market will keep monitoring is the progress of monsoon.

Garibi hatao". Or match up to the machismo of “Ab ki baar 400 paar". Yet somehow the Constitution became the dark horse of the election.

Sensex gained 204.33 points, or 0.27%, to close at 76,810.90, while the Nifty 50 settled 75.95 points, or 0.33%, higher at 23,398.90.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 14“Nifty made another new high at opening on June 13, gave up some of these gains and remained rangebound through the day. The fact that the Nifty keeps making new highs every day is assuring, but it is not able to hold on to the entire gains.

many cricket leagues are active across the US in different states. Moreover, many US-based cricket lovers are extremely well-heeled, and wield enormous corporate influence and importantly, understand how to market new products. People like Sundar Pichai, Satya Nadella, Vinod Khosla, and Elon Musk (who is South African and may, therefore, be interested in the game) are examples.

Even as anticipation has grown over when the US Federal Reserve will shift its monetary policy to an easier setting, the target seems to be moving farther, with distinctly hawkish sounds emanating from Fed policymakers. The US central bank’s latest policy decision announced by chair Jerome Powell on Wednesday has dampened expectations again.

₹1,660.15 crore in the JV. “NGEL has a tie-up with IOCL. It is also taking to HPCL and Hindalco, among a few others.

New Delhi: Multiplex chains are seeing revenue from sale of food and beverages grow faster than earnings from ticket sales, in an indication of the failure of movies to capture audience attention. And it isn't just about selling popcorn and cola at the cineplex. Theatre owners are increasing F&B sales through gourmet food created by star chefs, tie-ups with aggregators for home delivery, outdoor catering, kiosks in malls, etc.

Ambuja Cement, Vodafone Idea, Puravankara, Wipro among others will be in focus due to various news developments. L&T Finance

government is looking to set up a National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming and Comics (AVGC) and Extended Reality (XR) in Mumbai while also proposing a policy on AVGC to spur growth of this sunrise sector and unlock its full potential, several people told ET. The NCoE will be built in Film City, Mumbai where the Maharashtra government has allotted 10 acres for the project costing more than Rs 1,000 crore.

budget to be presented next month. Electric two, three, and four-wheelers are expected to be supported under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET. “Discussions are on… FAME III could be announced in the full budget,” a senior official said. The heavy industries ministry, which administers the scheme, has already sent a plan for vetting to the Prime Minister’s Office (PMO).

GST) Council is likely to consider a review of 28% tax on online gaming and clarification on several procedural matters at its next meeting on June 22 in the national capital. The council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter told ET. However, a broader process of rate rationalisation may be pushed for later, they said. The council secretariat announced the date of the meeting in an X post on Thursday.

Vodafone Idea Ltd (VIL) plans to raise up to Rs 2,458 crore through a preferential share issue to its two European equipment vendors Nokia and Ericsson, clearing a part of their pending dues and setting the stage for the struggling telco’s 4G expansion and 5G rollout. The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.

Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology sent indexes to more record highs