UPS Financial News

Royal Bank of Canada (RBC), the country’s No.1 bank, on Thursday surpassed analysts’ expectations for quarterly profit, driven by strength in its capital market business and its core personal banking segment.

Bank of Montreal says its services are back up and running after some customers reported being unable to access their online bank accounts on Thursday.

heatwave, special arrangements have been implemented at RML Hospital to treat heatstroke patients effectively.Dr. Seema Balkrishna Wasnik, Head of Emergency Medicine at RML, spoke about the urgency and critical care measures in place and said that inflatable tubs filled with ice have been set up for heatstroke patients arriving at the hospital.Dr Seema Balkrishna Wasnik, HOD, Emergency Medicine, RML, said: "At RML hospital, if any patient (of heat stroke) comes in critical situation he is taken to the red zone, intubated, we have inflatable tubs.

Elon Musk’s $56 billion compensation plan, setting up another hurdle for the electric carmaker’s board.ISS said the pay package, initially approved by shareholders in 2018, is not considered warranted. The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan.“The award value was considered outsized from the start and it has failed to accomplish certain of the board’s stated objectives from 2018," ISS said.

₹30,000 at 18% interest, a personal loan of ₹60,000 at 15% interest, and a consumer durable loan of ₹10,000 at 12% interest, taking a consolidation loan of ₹1,00,000 at 11% from a bank can clear all three debts, reducing your interest rate and simplifying financial management. Negotiating with creditors can involve requesting a lower interest rate, waiving fees, or restructuring debt repayment terms. Creditors may be open to negotiation if they believe it will increase their chances of getting repaid, especially if a borrower is facing financial difficulties.

₹2.1 trillion surplus, up from ₹874.2 billion in 2022-23. Also read: Mint Explainer: What does RBI’s record dividend payout to the government mean? Cumulative expenses dropped to ₹646.94 billion from ₹1.48 trillion, largely thanks to lower provisions, which stood at ₹428.2 billion in 2023-24 as against ₹1.31 trillion in 2022-23.

IMD issuing a ‘red alert’ warning of severe heatwave conditions on 28 May for two days across six states: Rajasthan, Punjab, Haryana, Delhi, Western Uttar Pradesh and Madhya Pradesh.As a study published by the Delhi-based think tank Centre for Science and Environment (CSE) —titled Decoding The Urban Heat Stress Among Indian Cities—a few days ago shows, cities are becoming increasingly vulnerable to rising heat stress, especially deadly humid heat. The fact that cities are registering higher night temperatures adds to the deadliness.At the same time as these heatwaves, a major cyclone, Remal, made landfall in the Bengal coast on 26 May, causing extreme damage, and claimed a few lives.

₹37,500), a 180-watt Bluetooth wireless speaker that is named after the raga Malhar which, as legend goes, has the power to induce thunder and rain (much needed in this season of relentless heatwaves!). It’s an apt name for Sonodyne’s most powerful consumer offering, but does it warrant somewhat premium pricing? Pulling the speaker out of its substantial packaging, the Malhar is visually quite a sight, looking like a cajon (or a clapbox, as some may call it) with the wooden (MDF) cabinet and classic, retro styling. With the natural wood veneer finish, the Malhar is a nostalgic visual throwback to times gone by, when audio equipment very much looked the part.

Ukraine is permitted to retaliate against Russian forces or targets located near Kharkiv using weaponry supplied by the United States."The president recently directed his team to ensure that Ukraine is able to use US-supplied weapons for counterfire purposes in Kharkiv so Ukraine can hit back at Russian forces hitting them or preparing to hit them," one official said, according to CNN.This policy adjustment, however, is strictly confined to the vicinity of Kharkiv, with no plans to expand the permitted area, the official added. Ukrainian authorities have not sought permission for strikes beyond this region.The official confirmed that Kyiv made the request for this policy change in response to the advancing Russian forces in recent weeks.

Season 3 of Panchayat has arrived on Amazon Prime Video, restrained and delightful. It brings back the usual suspects — Pradhan ji, Pradhan Pati, Sachiv Ji, Prahlad ji, Vidhayak Ji and others — giving us another peek into the politics of the village Phulora. 

There are times when people overestimate the ability of basic guaranteed return programs to build a sizable retirement portfolio. By guaranteeing that you receive the promised interest and protecting your principal, these programs offer significant benefits. Retirement planning is made easier because you know exactly how much your investment will increase over time. The fact that plans like the Public Provident Fund (PPF) require little intervention is one of their biggest benefits. You plant it and let it grow.

Post office deposits: In today's financial landscape, individuals often seek avenues to maximise savings while optimising tax benefits. While several investment instruments offer tax-saving advantages under Section 80C of the Income Tax Act, Post Office Savings Schemes don't fall under this category. Let's delve into five such schemes provided by the Post Office that remain viable options for conservative investors despite not offering Section 80C tax-saving benefits.

Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008 GMT, while U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.22%, at $77.74.

TBO Tek reported revenues of Rs 1393 crore for financial year 2024, an increase of 31% year on year. The company said it clocked a net profit of Rs 201 crore for financial year 2024, up 35% year on year.

India will likely report economic growth of close to 8% in the fiscal year that ended in March, providing a boost to Prime Minister Narendra Modi’s government as elections come to a close. Official data due to be published Friday will probably show Asia’s third-largest economy grew 7% in the first three months of the year, taking growth for the financial year through March to 7.9%, according to a Bloomberg survey of economists. Catch it live here

Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. account for 30% of the benchmark, up from about 26% at the start of the year, according to data compiled by Bloomberg. The S&P 500 is weighted by stocks’ market capitalizations.

U.S. stocks ended lower on Thursday, with the Nasdaq falling more than 1% and technology shares leading declines after a disappointing Salesforce forecast. Investors also digested data showing the economy had grown slower than previously expected in the first quarter. A separate report showed weekly jobless claims rose more than expected.

A New Mexico judge has granted Mark Zuckerberg's request to be dropped from a lawsuit that alleges his company has failed to protect young users from exposure to child sexual abuse material

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate

India exists at all. By some miracle of human ingenuity and industry, a land area barely bigger than Argentina with less water than Colombia is able to support nearly a fifth of the world’s population. The record-breaking temperatures above 52 degrees Celsius (125.6 degrees Fahrenheit) in the capital New Delhi this week are a warning sign, however. The magic spell that has sustained this achievement is coming close to breaking. That’s an issue not just for those sweltering on the streets of the world’s second-biggest city, but for the path to wealth that 1.4 billion people hope to follow. India has a far poorer natural endowment of land than Europe, North America and China, the continental economies that preceded it on the road to riches. Even the fragile benefits that its citizens have managed to eke out of this unpromising soil might now be slipping further away, as climate change exposes its deep fragility and washes away the foundations of growth.

Donald Trump guilty of all 34 counts of falsifying business records to cover up hush money payments during the 2016 U.S. election campaign, making Trump the first former American president ever convicted on criminal charges.The jury reached the verdict Thursday after less than 12 hours of deliberation, which began Wednesday after a historic and intensely watched trial in Manhattan.State prosecutors had accused Trump — who is seeking to return to the White House this fall — of conspiring to bury media stories about alleged affairs after entering the presidential race, and of hiding reimbursements to his then-fixer for paying off a porn star to keep her allegations quiet just days before Trump was elected.The verdict marks a watershed moment for the U.S.