UPS Financial News

It’s almost the summer season, when we get to enjoy BBQs, camping, swimming outdoors and working on our tans for a very short period of time. But wait. Isn’t there an important June date coming up that affects the taxation pocketbook of millions of Canadians?

Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.

360 One Prime has launched an issue of non-convertible debentures (NCDs). These are redeemable, non-convertible debentures and were launched on May 24 and will close on June 6, 2024.

Benchmark NSE Nifty closed 44.3 points down at 22888.15 amid selling in frontline bluechip counters.

Shares of Glenmark Pharmaceuticals Ltd.(up 3.65 per cent), Divi's Laboratories Ltd.(up 3.22 per cent), Aurobindo Pharma Ltd.(up 2.07 per cent), Ipca Laboratories Ltd.(up 1.79 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.58 per cent) ended the day as top gainers in the pack.

DK Joshi, Chief Economist, CRISIL, says what is currently playing out is that when the households put money in financial assets, they are moving a little away from the bank deposits towards higher paying assets like mutual funds or stocks or for that matter they could be acquiring more gold right now, and so there is that change of preference taking place towards financial assets that offer you higher returns that could even be small savings. You have come out with a note where you have made some observations regarding the citizens and the country's working class and their savings versus borrowing behaviour. What is a bit surprising and I would say a bit worrying also is that the borrowing growth rate is way higher than savings growth rate. Is it a worrying trend? DK Joshi: What happened since the pandemic struck is that during the pandemic we had no option to consume, so we were saving. After that, savings slowed down a bit and consumption picked up. That was the broad trend. But coming to the savings part, there are two things happening.

Congress president Mallikarjun Kharge dismissed the BJP's '400 paar' claim as «bakwas», or nonsense and said the party will not cross 200 seats in the Lok Sabha polls. Addressing the media in Amritsar, Kharge said the BJP's seats were declining as compared to the last elections while the Congress and the INDIA bloc were making gains. The BJP-led National Democratic Alliance has been claiming that it will get over 400 seats in the Lok Sabha elections. Replying to a question on it, Kharge asked the basis of such claims by the BJP.

Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors.

There’s been a sea of green on CryptoBubbles over the last 24 hours. Most of the cryptomarket is in a positive space. Surprisingly however, it’s not just memecoins and the usual alts. Instead, JasmyCoin is taking a lead in the market gains category, rising +11% in value since Sunday.

₹650, implying an upside of 60 percent from its current market price of 406.75, as on May 27, 2024."Currently, the stock is trading at a comforting valuation on FY26E EV/EBITDA of 12.7x. Given Yatharth's significant growth opportunities in its local market and its pledge to increase revenue without sacrificing return ratios, there's a clear sign that the gap in valuation from peers is likely to wane in the coming times.

Papua New Guinea in the wake of a devastating landslide on the Pacific island nation, as per a release from the Ministry of External Affairs on May 28.This comes after a massive landslide occurred on May 24 in Enga Province, Papua New Guinea, which buried hundreds of people and caused major destruction and loss of life.Also Read | South Africa following up with India after Gupta brothers arrests — Why are they in jail and what are the cases?"​As a close friend and partner under the Forum for India-Pacific Islands Cooperation (FIPIC) and as a gesture of solidarity with the friendly people of Papua New Guinea, the Government of India extends an immediate relief assistance of $1 million to support relief, rehabilitation and reconstruction efforts," the statement read."India has firmly stood by Papua New Guinea during times of difficulty and devastation caused by natural disasters, as in the wake of the earthquake in 2018 and volcanic eruptions in 2019 and 2023.

₹17 crore, which the company aims to clear by the end-of-season sale in the September quarter (Q2FY25). Metro is optimistic about realizing higher-than-carrying value from this inventory. As such, Metro has been trimming the fat, shutting down many Fila stores with just three exclusive brand outlets (EBOs) operational as on March-end.

economic policy trajectory whether Prime Minister Narendra Modi wins a third term in office or not, former central bank Governor Raghuram Rajan said. “There is a lot of continuity built into Indian policy," Rajan said in an interview Tuesday with Bloomberg TV’s David Ingles.

lumpsum amount before 4th June to benefit from the trend. However, stock market investments should not be made with one date in mind (4th June 2024 in this case). Hence, you should refrain from investing a lumpsum amount before 4th June to benefit from a one-day trend.

Mint takes a look at the key biases that investors to be aware of. Survivorship bias focuses only on successful performers, ignoring failures and leading to skewed conclusions. This can distort investment analysis by considering only surviving funds or companies, creating a false impression of overall performance.

Income Tax Department has urged taxpayers to link PAN with Aadhaar by May 31, 2024, to avoid higher tax deducted at source (TDS) or tax collected at source (TCS). In a post on social media platform X on May 28, 2024, the tax department said, “Kind attention taxpayers, please link your PAN with Aadhaar before May 31st, 2024.” “Linking your PAN with your Aadhaar by May 31 ensures you don’t face higher tax deduction/ tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for the transactions entered into before March 31, 2024,” it added.

Bird flu has been detected in beef for the first time, but the U.S. Department of Agriculture says the meat from a single sickened dairy cow was not allowed to enter the nation's food supply and beef remains safe to eat

A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk’s xAI

Google’s search engine used to spit out a ranked list of websites that might help you figure out an answer to your question

Ohio’s historical society is close to gaining control of ancient ceremonial and burial earthworks now maintained by a country club where its members golf alongside the mounds

The U.S. State Department has set up an eight-person team known as “the firm” to provide help to countries cut off from Chinese trade