UPS Financial News

The first phase of the Canadian Dental Care Plan was officially launched across the country Wednesday. While 1.9 million seniors can now access the plan, many other Canadians must wait a bit longer.

ALSO READ: UP man posing as Singapore Airlines pilot arrested from Delhi airport: 'Forged ID, bought uniform from Dwarka' Taking to X, Saurabh Bharadwaj wrote, “Alert - Someone has made a fake Facebook Account in my name and is trying to borrow money via PayTM or GooglePay. Please don’t transfer any money.

BCCI) chief selector Ajit Agarkar and Indian skipper Rohit Sharma faced the media and answered tough questions two days after the announcement of the 'Men in Blue's official 15-member squad was announced. During the press conference, Rohit was asked why four spinners were chosen in the 15-member squad. To this, Rohit answered in his unique quirky style, "I definitely wanted four spinners.

₹5.8 per unit on the Indian Energy Exchange (IEX), up from ₹4.6 a month earlier. Last week, prices had touched ₹6.7 per unit. In April, the exchange saw 9,044 million units traded, 14.1% more than a year earlier.

₹6,617 per barrel on the multi commodity exchange (MCX). -On Wednesday, crude oil prices fell more than three per cent to a seven-week low after the US Federal Reserve kept interest rates steady and warned of stubborn inflation, which could curtail economic growth this year and limit oil demand increases.

NephroPlus, India's largest dialysis chain, said it has raised $103 million (₹860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale aimed at driving expansion plans within India and targeted markets overseas. The primary component is ₹100 crore. Quadria will become a minority shareholder post the latest round of funding which valued NephroPlus at more than ₹2,000 crore. Quadria will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.

air-conditioning costs at telecom tower installations, crucial for ensuring uninterrupted operations of base stations for 24x7 mobile connectivity, industry executives and analysts said. They added that power and fuel costs of telecom operators could potentially rise if heatwave conditions persist for the next one month as any change in energy costs is typically passed on to telcos by tower companies. Industry experts cautioned the current scenario could also lead to a slowdown in tower network expansions in the near term, even though Indian tower companies are used to working in hot weather conditions.

Hamas chief Ismail Haniyeh discussed the ongoing Gaza ceasefire talks in separate phone calls with Egypt's intelligence chief Abbas Kamel and Qatar's Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani. A statement by the Palestinian Islamist group on Thursday said a delegation is set to visit Egypt soon for further ceasefire talks in the Gaza war. The statement added that Haniyeh had affirmed the group's «positive spirit in studying the ceasefire proposal» in the phone call with Egypt's Kamel.

Citroen, which has had limited success with the models launched in India so far, is hoping to turn around its fortunes in the country with the Basalt — a mid-size coupe SUV that would go on sale in the second half of this year. The latest offering from the Stellantis group firm captures the learnings it has had in a market it considers the toughest in the world, said Thierry Koskas, global brand CEO of Citroen. «If you succeed in India, it means you can succeed everywhere in the world,» Koskas told ET. «I have been visiting India for 20 years and I am impressed by the rise of customer expectation in terms of features. The expectations of the customer are even higher than what you can see, for example, in Europe,» he said.

green cells' with dedicated employees for climate-specific initiatives. These measures are part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, which was rolled out last week. A senior bank executive said that one of the major focus areas of PSBs in FY25 will be developing capabilities for raising green funds and increasing their green lending portfolios. «Banks will set up specialised cells that will also focus on physical and transition risk in the existing loan portfolio and new loan opportunities,» he said, adding that other responsibilities include assessment of the environmental, social and governance (ESG)-related risks of borrowers through data. According to a report by the Reserve Bank of India, the country's green financing requirement is estimated to be at least 2.5% of GDP annually until 2030. Earlier this year, the banking regulator came out with draft guidelines on the disclosure framework for climate-related financial risks in 2024. The draft also proposes a glide path for detailed disclosures by regulated entities (REs) in the areas of governance, strategy, risk management, and metrics and targets.

Airbnb saw a 30% increase in nights booked in India in 2023 from the year before, surpassing its global average growth rate. This “robust performance” underscores the “burgeoning” demand for unique accommodations and experiences within India, said Nathan Blecharczyk, Airbnb co-founder and chief strategy officer. Blecharczyk said in an interview that the company has observed “significant interest” in various destinations across the country, and to support this trend, it has collaborated “closely” with the government to promote local tourism and highlight the rich cultural heritage and diverse accommodation options available. “In India, more than 86% of bookings on Airbnb are group trips, which is why we’re introducing new features to help make planning trips with friends and family easier,” he said.

Maulana Badruddin Ajmal, seeking re-election to the Lok Sabha seat is sweating it out in Dhubri. He is up against Congress’s Rakibul Hussain, a prominent leader from Muslim minority community and former minister. BJP’s ally in state government, Asom Gana Parishad (AGP), has fielded Zabed Islam from Dhubri setting up a multi cornered contest in Dhubri.

Air Canada lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up.

Ontario Provincial Police say they are taking their strongest measures yet by requiring a mandatory breath sample from drivers for every traffic stop in the Greater Toronto Area.

The way the pot can't call the kettle black, hardly any product seller or service provider can take the 'holier than thou' stance against others. The Supreme Court's rebuke to the Indian Medical Association (IMA) during the Patanjali misleading advertising case hearing, asking it to also put its house in order, given the complaints of unethical conduct by allopathic doctors, is an instance in point here. Lack of effective regulations and their poor implementation is one of the major reasons for consumers' disempowerment over the years. Regular instances of product contamination, deficiency in services and involuntary product recalls or bans ordered by other countries point to the lack of regulatory deterrence among Indian businesses.

GST collections for 2023-24 underpin the economic momentum and create the groundwork for streamlining a vital piece of fiscal reform. GST is a work in progress with scope for rate rationalisation and extension of coverage. Progress on either front will yield non-linear growth in indirect tax collection.

immigrants from Manipur deported to Myanmar on Thursday, altogether 77 illegal Myanmarese migrants, including 55 women and five children, deported to their country since March 8. Manipur Chief Minister N. Biren Singh said on the X: “Without any discrimination, we have completed the first phase of deportation of illegal immigrants from Myanmar with 38 more immigrants leaving Manipur, India, today through Moreh.” He said: “A total of 77 illegal immigrants have been deported in the first phase. One Indian national was also brought back from Myanmar during the handover ceremony.

net loss of 629 billion roubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market. The results highlight the dramatic decline of Gazprom, which since the collapse of the Soviet Union has been one of Russia's most powerful companies, often used as a leverage to solve disputes with its neighbours, such as Ukraine and Moldova.

Dabur India on Thursday said that all its spices comply with the regulations set up by FSSAI for Indian markets. «All our spices comply with the regulations set up FSSAI for Indian markets and by the Spice Board of India for the overseas markets,» said Mohit Malhotra, CEO of Dabur India. All export consignments are tested by the Spice Board and shipped only once they comply with their regulations and specifications, he said.

Odisha Chief Minister Naveen Patnaik will never accept Bharat Ratna or any other award for his father Biju Patnaik in return for any election or political alliance with the BJP, his close associate and Biju Janata Dal (BJD) leader V K Pandian has said. The former IAS officer, who has worked in Odisha for over 25 years, including as private secretary to the chief minister, also hit out at the central ministers from the state for having never spoken about the highest civilian award for the 'Pride of Odisha' and inspiration for every Odiya, Biju Patnaik. «One of the biggest identities for Odisha is the courage and valour shown by Biju Babu. If you see two Odiyas in any part of the world if they speak about Odisha, they will end up speaking about Biju Babu,» Pandian told PTI in an interview here. «They will either have tears or they will have emotions. That is the connect Biju Patnaik has with the people of Odisha. He was a freedom fighter, he has done so much for the country and the state. He is the architect of modern Odisha,» he added.

Dabur expects mid-single digit growth in Q4 consolidated revenues For Dabur, rural markets grew 400 basis points (bps) ahead of urban markets in the March quarter. On Thursday, the company reported a 16.2% jump in quarterly net profit to ₹350 crore, up from ₹301 crore a year earlier. Revenue in the three months through March stood at ₹2,815 crore, up 5.1% from a year earlier.