UPS Financial News

Gentari Sdn Bhd, the renewable energy arm of Malaysian energy giant Petronas, is the frontrunner for a part of the India renewable portfolio of Brookfield Asset Management, said two people aware of the development. Gentari, which has conducted due diligence of the assets, has signed an exclusivity agreement for further negotiations with Brookfield, they said. Government-run Oil and Natural Gas Corp (ONGC) is another contender that has completed due diligence, said people with knowledge of the matter. The 2 GW renewable portfolio of Brookfield in India that’s up for sale has an estimated enterprise value of $800 million-1 billion (Rs 6,600-8,300 crore). Other entities that had submitted initial bids but are no longer in the race include Sekura Energy, Sembcorp and UAE's Masdar Energy, they said. Of the portfolio, 1 GW is operational and projects with a capacity of 1 GW are under construction, expected to be completed within 18 months, said the people cited.

ABC's "The Rookie" Season 6 concluded with anticipation for Season 7, promising more tales from Mid Wilshire in the upcoming 2024/2025 TV season. Although fans must wait until mid-season for new episodes, production for the new season is ramping up. Showrunner Alexi Hawley shared with TV Line that filming for Season 7 is scheduled to commence early next month, stating, «Early June, we get right back into it.» Seamless Season

Cote De Pablo and Michael Weatherly are back in action and will be teaming up to host Off 'Duty: An NCIS Rewatch'. This will be a new weekly video podcast on Spotify. This podcast will be launched on June 4 and will take the fans down some special scenes, off-screen fun and more. It will carry the story of these two leading characters. Cote De Pablo is known for her role in the character of Special Agent Ziva David who is a former Mossad Agent turned NCIS officer. She is known for her intelligence and expert combat skills. This captivated the audience right from her introduction in Season 3 until her departure in Season 11.

Royal Family which has its website has recently deleted a statement by Prince Harry who came down heavily on the British press for their coverage of his then-girlfriend and present wife Meghan Markle. The statement had once infuriated his father and brother, according to Prince Harry. This statement was issued in November 2016, months after the relationship between Harry and Merkel went public. For years, the statement remained on the website ‘royal.UK’ in which all the statements issued by the members of the royal family are shared. This also includes official announcements. It is believed that the link has been taken down sometime in December 2023.

George Clooney and Brad Pitt are back together in the thriller 'Wolfs,' set for release on September 20. The film marks their first collaboration since 'Ocean's Eleven' and 'Burn After Reading.'

LSEG director of consumer research Jharonne Martis analyzes the health of the consumer and explains what's behind the shift in spending on «Making Money.»

While expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to a Bank of Nova Scotia executive.

Volodymyr Zelenskyy received a second $1-billion promise of military aid in as many days on Tuesday during a whirlwind tour of three European Union countries, even as President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. The aid pledge for 2024 came from Belgium, which topped up the money with a commitment to give Ukraine 30 F-16 fighter jets in the next four years. «Our task is to use the first F-16 on the battlefield this year and in such way that it will fortify our positions,» Zelenskyy said.

OpenAI has formed a Safety and Security Committee that will be led by board members, including chief operating officer Sam Altman, as it begins training its next artificial intelligence model, the artificial intelligence startup said Tuesday. Directors Bret Taylor, Adam D'Angelo and Nicole Seligman will also lead the committee, OpenAI said on a company blog.

George Miller who is the director of the Warner Bros produced 'Furiosa: A Mad Max Saga' has revealed that he has shot a version of the movie in the black and white version and this should be available to the fans immediately. Fans are excited but not surprised by this news. The director’s previous movie 'Mad Max: Fury Road' received the same treatment. This news was revealed by the director who stated that the black and white version of this movie has been completed and it is set for a release soon. Storyline and Cast

Taylor Swift, the pop icon whose wildly successful Eras concert tour catapulted her net worth to stratospheric heights last year, isn’t the only new billionaire to take a spot among the wealthiest women in the US.

Treasuries fell and stocks churned after a pair of weak US bond sales, with traders also weighing mixed economic data and remarks from Federal Reserve speakers that will help shape the outlook for rates.

Steward Partners is strengthening its profile in Florida as it welcomes a women-led practice from Merrill Lynch.

Swiggy may not be Prashant Kishor, but if the online food-ordering and -delivery platform's sales data throws up one juicy fact to chew on, it's this: in 2023, India ordered 2.5 plates of biryani every second. Side plate note: for every 5.5 chicken biryanis ordered, there was one veg biryani.

Narendra Modi reiterated the need to encourage business and not demonise it. The PM's support is welcome. Post-Independence governments had a socialist mindset, leading to many perverse incentives and disincentives for India Inc. This narrative spread beyond political and bureaucratic circles to shapers of public opinion, mass media and popular culture. Expectedly, businesses and livelihood creators responded to these disincentives by gaming the system. The licence raj was less about business excellence or competition, and more about how to manipulate licences and create monopolies. In that era, black marketing, hoarding and smuggling were common. Low economic growth and insignificant job creation led to poor economic opportunities for the first post-1947 generation. They had to endure a 7-year wait for a scooter, and had to get permits for cement, steel and landline phones. The well-educated wanted their children and wards to get into top state jobs and the armed forces to escape this shortage economy.

Cuba on Tuesday, in a move designed to boost private businesses on the island. The measures will allow independent entrepreneurs to open and access U.S. bank accounts online to support their businesses.

Cosmos Bank is looking to meet the Reserve Bank of India’s target of maintaining 50 percent of its loan portfolio comprising ticket size less than Rs one crore this fiscal. “ We are looking at meeting the RBI’s target of 50 percent of the banks loans portfolio at less than the ticket size of Rs one crore ib FY’2024-25” said Milind kale, the bank’ chairman of Cosmos Bank at a media conference in Mumbai adding that it would use its network of 179 branches to achieve this target. Currently 43 percent of the bank’s loan book comprises loans below Rs 1 crore, Mr Kale said.

Josh O’Connor and Cailee Spaeny are set to star alongside Daniel Craig in the upcoming Knives Out sequel, titled 'Wake Up Dead Man: A Knives Out Mystery,' directed by Rian Johnson, a What’s On Netflix report said.

Bank of Nova Scotia took higher-than-expected provisions for credit losses in the second quarter, but revenue gains helped Canada’s fourth-largest bank beat analyst expectations.

LPL continues to grow its advisory network with a pair of advisors, including a veteran with nearly three decades of experience.

The US stock market is finally as fast as it was about a hundred years ago.