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This investment aligns with TSMC's strategy to manage cash reserves prudently amid ongoing global economic uncertainties and evolving semiconductor industry dynamics.
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Time of India
11 hours ago
- Time of India
Meta may face daily fines over pay-or-consent model, EU warns
HighlightsMeta Platforms may incur daily fines if European Union regulators determine that its proposed changes to the pay-or-consent model do not adhere to an antitrust order issued in April. The European Commission has warned that continuous non-compliance with the Digital Markets Act could lead to penalties amounting to 5% of Meta's average daily worldwide turnover. Meta Platforms has criticized the European Commission for allegedly discriminating against the company, asserting that its user choice model remains a legitimate business structure in Europe. Meta Platforms may face daily fines if EU regulators decide the changes it has proposed to its pay-or-consent model fail to comply with an antitrust order issued in April, they said on Friday. The warning from the European Commission , which acts as the EU competition enforcer, came two months after it slapped a 200-million-euro ($234 million) fine on the U.S. social media giant for breaching the Digital Markets Act (DMA) aiming at curbing the power of Big Tech. The move shows the Commission's continuing crackdown against Big Tech and its push to create a level playing field for smaller rivals despite U.S. criticism about the bloc's rules mainly targeting its companies. Daily fines for not complying with the DMA can be as much as 5% of a company's average daily worldwide turnover. The EU executive said Meta's pay-or-consent model introduced in November 2023 breached the DMA in the period up to November 2024, when it tweaked it to use less personal data for targeted advertising. The Commission has been scrutinising the changes since then. The model gives Facebook and Instagram users who consent to be tracked a free service that is funded by advertising revenues . Alternatively, they can pay for an ad-free service. The EU competition watchdog said Meta will only make limited changes to its pay-or-consent model rolled out last November. "The Commission cannot confirm at this stage if these are sufficient to comply with the main parameters of compliance outlined in its non-compliance Decision," a spokesperson said. "With this in mind, we will consider the next steps, including recalling that continuous non-compliance could entail the application of periodic penalty payments running as of 27 June 2025, as indicated in the non-compliance decision." Meta accused the Commission of discriminating against the company and for moving the goalposts during discussions over the last two months. "A user choice between a subscription for no ads service or a free ad supported service remains a legitimate business model for every company in Europe - except Meta," a Meta spokesperson said. "We are confident that the range of choices we offer people in the EU doesn't just comply with what the EU's rules require - it goes well beyond them." "At a time when there are growing voices across Europe to change direction and focus on innovation and growth, this signals that the EU remains closed for business."


Economic Times
12 hours ago
- Economic Times
VRL Logistics board to meet on July 4 to consider bonus share issue
Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


Time of India
13 hours ago
- Time of India
VRL Logistics board to meet on July 4 to consider bonus share issue
Live Events VRL Logistics share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory other details have been yet disclosed by the approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)