UPS Financial News

The Ethereum (ETH) ETFs filing process has seen major progress. While approval is not guaranteed, it’s now more likely to occur than before. Specifically, the U.S. Securities and Exchange Commission (SEC) is now asking exchanges to update the 19b-4 filings on an accelerated basis.

Canadian households have gotten good news on the cost-of-living front so far in 2024, with monthly inflation figures showing prices are rising below three per cent annually for the first four months of the year.

Highway construction targets to be lowered in FY25 in spite of post-election growth agenda“In the last couple of years, about 8-10 awarded highway projects faced substitution as original sponsors could not get financial closure. But most of the projects facing stress have been bid on HAM model where risks are lower for developers as payment is guaranteed over a period in the form of annuity.

Interglobe Aviation reported that its net profit more than doubled to ₹1,894.8 crore in the quarter ended March 2024. India's largest airline recently decided to purchase 30 wide-body aircraft.Also Read: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.‘’Considering India’s soaring economy and the evolving aspirations of Indian society, it’s time for IndiGo to redefine premium travel in India, increasing availability of this service for the nation.

Swati Maliwal shared a video of Nirbhaya's mother and said she felt emotional but some might call her a “BJP agent."In a post on X, Swati Maliwal said, “Nirbhaya's mother has fought a long battle for justice in the country. She supported me even when I was fasting for punishment to child rapists.

₹16.85 trillion in the interim budget presented in February.The Centre narrowed its fiscal deficit target for FY24 to 5.8%of GDP in the Revised Estimates (RE), lower than the budgeted fiscal deficit estimate of 5.9%, on the back of robust tax collection and higher dividend payouts. Also Read: Banks may see waiver of provisioning of loans to MSMEsOn Wednesday, the RBI approved a dividend of ₹2.11 trillion for the Central government for FY24 – a massive 141% higher than in FY23. To be sure, the fiscal deficit as a share of GDP would also depend on the economic growth rate and the inflation trend, in addition to adjustments to spending and changes in receipts.The latest dividend payout from the RBI will be instrumental in compensating for any slippages in tax revenue or increased public spending in FY25, and ensure fiscal deficit reduction is in sync with the committed glide path of 4.5% by FY26, experts said.

ALSO READ: Prince Harry declined King Charles’ invitation while saying his father was ‘too busy’ to meet him: ReportRecently, in a video, a King's Guard horse bit a tourist after she touched it for a photo. This video has gone viral.According to the video, a woman was seen putting her hand on the horse's neck while posing for a picture outside the Horse Guards Parade in London's Westminster.In a matter of few seconds, this act probably irked the horse, and then he bit the woman.

South Korea has unveiled a $19 billion support package to bolster its semiconductor industry, seeking to catch up with international rivals amid soaring demand for advanced chips to power artificial intelligence and other computing. The 26 trillion won ($19.03 billion) package, announced by President Yoon Suk Yeol on Thursday, focuses largely on providing financial support through state-run Korea Development Bank for chip makers and suppliers to invest in semiconductor infrastructure in the North Asian nation.

Recruitment activities are expected to be focused on filing new positions in 2024-25 as hiring for fresh openings will make up 27 per cent of talent hunting efforts of employers across sectors, a report said on Thursday. Hiring for replacements for existing positions will take at least 23 per cent of recruitment efforts in the current fiscal, said staffing solutions and HR services provider Genius Consultants' Hiring, Compensation, and Attrition Management report. «The hiring outlook for 2024-25 across the industry indicates a strong focus on new position hiring, which will make up 27 per cent of recruitment efforts. This strategic direction reflects a commitment to meeting the evolving demands of the market and the infusion of fresh talent,» Genius Consultants CMD R P Yadav told PTI.

missiles slammed into Ukraine's second-largest city in the northeast of the country and killed at least six civilians early Thursday, officials said, as Kyiv's army labored to hold off an intense cross-border offensive by the Kremlin's larger and better-equipped forces. At least 16 people were injured as S-300 missiles struck the city of Kharkiv, regional Gov Oleh Syniehubov said. The sound of 15 explosions reverberated around the city of some 1 million people. Ukrainian President Volodymyr Zelenskyy called the attack «extremely cruel.» He expressed renewed frustration at not getting enough air defense systems from the country's Western partners to prevent the barrages after more than two years of unrelenting war. The city of Kharkiv, which is the capital of the region of the same name, lies about 20 kilometers (12 miles) from the Russian border. Moscow's troops have in recent weeks captured villages in the area as part of a broad push, and analysts say they may be trying to get within artillery range of the city.

Aam Aadmi Party Rajya Sabha MP Swati Maliwal declared on Thursday that she would have willingly given up her Rajya Sabha seat if requested, but now, despite any pressure, she firmly said, «I will not resign» («ab chaahe duniya ki koi bhi shakti lag jaye main resign nahi karungi»). In an exclusive interview with ANI, Maliwal highlighted that she is the youngest woman Parliamentarian and emphasised that she never showed any «desire» for any position. «Agar meri Rajya Sabha ki seat unhe chahiye thi, woh pyaar se maangte toh main jaan de deti, MP toh bohot choti baat hain. (If they needed my Rajya Sabha seat, they would have asked for it, I would have given my life, it is such a small thing). If you see my whole career I never showed any desire for any position. In 2006, I left my engineering job and joined this when nobody used to know us. Only three people were there and I was one of them. I have been working since then. The way they have beaten me, 'Ab chaahe duniya ki koi bhi shakti lag jaye main resign nahi karungi' (I will not resign now). I have been told that this is the reason my character is being assassinated. I will not resign. I am the youngest women Parliamentarian right now and I will work very hard and will become an ideal,» Maliwal said.

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.

NEW DELHI:India's power generation increased 9.69% to 153.77 billion units (BU) in April but fell short of target as temperatures soared to their highest in more than a century.Although the generation was higher on year, it fell short of the target of 161.71 million units, showed the CEA data, showed a monthly report by the Central Electricity Authority (CEA). A likely reason could be that thermal capacity addition failed to reach a targeted 800MW.Thermal power generation rose 10.87% on-year to 123.50 billion units as peak demand hit 235 GW on Wednesday, the highest so far this year.According to the India Meteorological Department (IMD), temperatures in April were the highest over eastern and northeastern India and the second highest over south India since 1901.Also Read: India is leading the way for sustainable power in the worldPower consumption last month was at 144.25 billion units, 10.49% higher than 130.55 billion units in the same period of FY23.Apart from thermal power, which constituted about 80% of the overall generation in the country, nuclear and renewable power s witnessed a rise in April.

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low levels

The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between EU member states

₹5,020.20 crore in the three months ended March amid weak demand during the quarter. Net profit for the maker of Gold Flake cigarettes and Bingo chips was slightly below the ₹5,150 crore estimated by a Bloomberg poll of 20 analysts.Revenue from operations grew 1.4% to ₹17,752.87 crore from ₹17,506.08 crore a year earlier.

Coforge, Persistent, TCS, Mphasis, LTIMindtree, Infosys share prices gained up to 4%. The rebound in the IT index comes after having fallen up to 4.7% year-to-date and around 2.5% in Fiscal year, which provides some relief.

Mamaearth, Aqualogica, Bblunt among others, showed a profit of ₹30.4 crore in the March-ended quarter, up from a loss of nearly ₹160 crore in the same quarter last year.Revenue from operations for the quarter rose 21% to ₹450.8 crore amid slowing retail demand.In FY24, the direct-to-consumer brand made a profit of ₹111.7 crore, against a loss of ₹142.8 crore in the year-ago period. Operating revenue rose 28% to ₹1,919.9 crore for the year ended 31 March.Also Read: Mamaearth’s IPO had lessons for investorsHonasa acquired 65.49% in Fusion Cosmeceutics Pvt.

₹, in India and will compete with the likes of . The Poco F6 5G is priced starting at Rs. 29,999 for the base variant with 8GB RAM and 256GB storage.

Lounge. Ponnappa shot into fame as a rookie shuttler when she won the women’s doubles at the Commonwealth Games in Delhi in 2010. Since then, she has made advancements in her career including making it to the London (2012) and Rio Olympics (2016) and picking up several medals along the way.

₹175 crore for the quarter ending March, which was a 27% sequential growth over the previous quarter. The revenue growth of 8.3% was less than a third of the growth in profitability, which means that the levers of profitability are being unlocked. These are important indicators not just for Zomato but for the entire venture capital (VC) funded start-up ecosystem.