UPS Financial News

Donald Trump's defense team rested its case in the criminal hush money trial on Tuesday without calling the former U.S. president to testify. Trump's lawyers called two witnesses in his defense. Justice Juan Merchan said jurors would return next Tuesday to hear closing arguments, with deliberations likely beginning the following day.

Ali Abbasi, Sebastian Stan, Martin Donovan and Maria Bakalova walked the Cannes red carpet for the premiere of 'The Apprentice', a political drama, based on the life of former US President Donald Trump, who is gearing up to contest the 2024 US Presidential Election. After the film premiered at the 77th Cannes Film Festival, it received a wild standing ovation for almost eight minutes. Stan received the loudest applause for his transformative performance as Trump. The audience cheered and clapped for long. Director Abbasi warmly hugged his cast members. Cate Blanchett, sitting just in front of the director and crew, jumped up and applauded, and embraced Bakalova.

Sobha Group, plans to increase its equity capital to Rs 10,000 crore over five years to support growth, including expansion into new markets, with an initial target of Rs 2,000 crore through a rights issue this fiscal year, said as disclosed by a senior company official. After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore.

bomb threat emails received by around 150 schools in Delhi-NCR early this month are suspected to have been sent from Hungary's capital Budapest, Delhi Police officials said on Tuesday. According to an official, the IP address of these emails has been traced to Budapest and Delhi Police will soon be contacting its counterpart in Hungary for further investigation. The IP (internet protocol) address is a unique identifying number assigned to every device connected to the internet. The mail purportedly sent from a mail.ru server claimed that explosives were planted on the school premises, triggering massive evacuations and searches as panic-stricken parents rushed to pick up their children on May 1.

Akshay Kumar, renowned Bollywood actor, recently shared insights into his son Aarav Kumar's distinctive lifestyle choices. Aarav, born in 2002, has diverged from the typical trajectory of star kids by expressing disinterest in pursuing an acting career and instead harboring a passion for fashion. In an interview on cricketer Shikhar Dhawan’s show, Dhawan Karenge, Kumar highlighted Aarav's simplicity and independence. He expressed, «I am happy the way Twinkle and I have brought up Aarav; he is a very simple boy. My daughter, on the other hand, likes clothes...» Kumar elaborated on Aarav's preferences, stating, «We never forced him to do anything; he is interested in fashion; he doesn’t want to be a part of cinema. He came to me and said, 'I don’t want to do films.' I said, 'This is your life, do what you want to do'.» Also Read: Katrina Kaif-Vicky Kaushal's viral video from London fuels pregnancy rumours, netizens say 'she seems more pregnant than Deepika': Watch

monitors from 13 to 27 inches. Featuring 360° rotation, ±90° tilt, and 360° swivel, it offers optimal viewing angles to reduce neck and shoulder strain. The heavy-duty C-clamp ensures secure attachment to desks, making it easy to install and space-saving.

commodity prices, the 15 constituent Nifty Metal index crossed the 10,000 mark for the first time ever in Tuesday’s session, before closing nearly 4% higher at 9,981. The Nifty Metal index has been on a rising spree, making new highs since the second half of 2023. The index also made new all-time highs in 5 consecutive trading sessions.

T20 World Cup builds up, the Afghanistan Cricket Board (ACB) on Tuesday announced the appointment of former West Indian and T20 World Cup winner Dwayne Bravo as the Bowling Consultant for the tournament. Bravo is set to join the team during the preparation camp ahead of the marquee event in the Caribbean. «AfghanAtalan have already arrived in St. Kitts and Nevis and are expected to begin a 10-day long training camp, as part of their preparations for the ICC Men’s T20 World Cup 2024, which will be overseen by the coaching staff, including DJ Bravo,» said the official statement. «The 40-year-old Dwayne John Bravo was a former right-arm medium-fast bowling all-rounder for West Indies, having played 295 international matches, scoring 6423 runs and picking up 363 wickets. He has also 100 FC, 227 List A and a mammoth 573 T20 caps to his name. DJ Bravo is currently the leading wicket-taker in T20 cricket with 625 scalps to his name in the format. In addition, he has scored almost 7000 runs in the format, making him one of the most successful fast-bowling all-rounders in T20 cricket,» said the statement further.

corporate actions like the dividend declaration, bonus shares, and stock split for companies like Vedanta, Tata Consumer, SBI, and Inox Wind. Here is a list of corporate actions lined up for the rest of the week:

Easing of rates by the Reserve Bank of India might still have to wait going by the hawkish tone in an assessment of the economy published by the RBI economists in its latest monthly bulletin. “A modest easing of headline inflation in the reading for April 2024 confirms the expectation that an uneven and lagged pace of alignment with the target is underway” wrote the Reserve Bank of India deputy governor Michael Patra and his team in their assessment of the economy published in the latest monthly Bulletin. Significantly the statement seems to suggest that full alignment with the target may still have to wait. Hence easing of rates. The views expressed are not that of the Reserve Bank of India.

Our post-pandemic slump in household savings should disappoint but not alarm us A current account deficit occurs when the total value of goods and services a country imports exceeds the total value of goods and services it exports. "Bank deposits, which constitute the largest chunk of gross financial savings, grew 13.5% in fiscal year 2024, compared with 9.6% in the previous year. Bank deposits also grew faster than the 9.1% nominal GDP growth in fiscal 2024," the report said.

IRCON International, which is the Indian engineering & construction corporation under the Railways Ministry, announced its financial results on Tuesday for the quarter ending on March 31, 2024. The engineering and construction company posted a marginal 3.8 per cent decline in its consolidated net profit to ₹246.8 crore for the March quarter from ₹256.49 crore same period a year ago. Also read: BHEL Q4 Results: Net profit drops 25% to ₹489 crore, revenue up marginally; dividend declared Whereas, the company reported an overall 19 per cent increase in net profit to ₹929 crore for the year-ended FY24.

Alibaba's cloud division announced substantial price cuts, slashing costs by up to 97 percent on various Tongyi Qwen LLMs. For example, the Qwen-Long model's price dropped to just 0.0005 yuan per 1,000 tokens, a significant reduction from the previous rate of 0.02 yuan per 1,000 tokens. Baidu quickly followed suit, declaring that its Ernie Speed and Ernie Lite models would be available at no cost for all business users, just hours after Alibaba's announcement.

ALSO READ: Mumbai most expensive city for expats in India; see full list here According to the report, Delhi fared better than Mumbai in several parameters, including Economics, Human Capital, and Quality of Life. Delhi was worse in the Environment ranking, while all the Indian cities ranked 380 on Governance.

There’s never a great time to step up competition with Apple. But for Sonos, the timing is a necessity. The maker of premium-wireless speakers is finally breaking into the headphone market.

₹999, was a tad cheaper when compared to the other online stores. While speed wasn’t a top priority, the swift delivery didn’t hurt. “Within minutes, I had the hair dryer in hand, along with some savings," said Sanjith.

The annual inflation rate slowed to 2.7 per cent in April, Statistics Canada said Tuesday, as cooling grocery price pressures offset higher fuel costs.

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer.  Sign up  to receive future editions, straight to your inbox.

. Four cases of KP.1 have been reported from Maharashtra, two from Rajasthan and Gujarat, and one from Goa, Haryana, and Uttarakhand. Similarly, the INSACOG has traced nearly 290 cases of KP.2 across the country, including 148 from Maharashtra alone, the highest among the other states reporting the KP.2 cases.

Indian stock market: Ending the day on a flat note, the Indian stock market benchmarks, the Sensex and the Nifty 50, experienced cautious trading on Tuesday, May 21, with the majority of stocks facing losses. The Sensex closed 53 points (0.07%) lower at 73,953.31, while the Nifty 50 finished the day 27 points (0.12%) higher at 22,529.05. The mid and small-cap indices reached new record highs during the session.

Uber became the first aggregator to be licensed by the Transport Department of Delhi to run Uber shuttle in the capital city. It will be a part of the Delhi Premium Bus programme. With the 'Uber shuttle' option on the Uber app, passengers in Delhi will be able to reserve seats in advance on the route of their choice.