UPS Financial News

Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations

Samajwadi Party president Akhilesh Yadav on Sunday claimed the BJP will not win any seat in the third phase of the Lok Sabha polls and that the ruling party misunderstood the «direction of the wind» when it made its slogan of «400 paar». Addressing a rally in Sambhal, Yadav also said the Samajwadi Party had an advantage in the third phase, saying that elections on May 7 will be held between Sambhal and «his home» in Etawah and Mainpuri. «BJP people did not know the direction of the wind, so they kept saying '400 paar' (winning over 400 seats) and when they realised the public sentiment after the two phases of the election, BJP forgot its slogan,» the former UP chief minister said. «The wind that came from the west (western UP) in the first phase will change the BJP government. The similar trend was seen in the second phase also. People are not accepting the BJP,» the SP chief said.

The character performers at Disneyland in California have said they filed a petition for union recognition

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid

U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Management that values the industrial minerals company at about $1.85 billion

Mississippi Senate leaders are saying for the first time that they are willing to expand Medicaid to the full level allowed under a federal law signed 14 years ago by then-President Barack Obama

While a bill to ban TikTok if it doesn't change owners has received President Joe Biden's signature, it could still be years before the popular video-sharing app is actually blocked from U.S. app stores — if it is blocked at all

Officials say Google plans to invest $2 billion to build a data center in northeastern Indiana to help power its artificial intelligence technology and cloud business

Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation

The owner of a suburban Detroit business that caught fire and exploded, killing a man, was arrested at a New York airport as he was preparing to depart for Hong Kong on a one-way ticket

More workplaces are bolstering their volunteer programs, especially as employee demands grow for socially responsible employers and engagement

Wall Street Journal analysis of satellite data. In other areas where drillers dispose of wastewater in underground wells, the land has lifted by as much as 5 inches over the same period. The constant extraction and injection of liquids has wrought complex geologic changes, which are raising concerns among local communities long supportive of oil and gas.

“Election Pitch" data series, we pick one significant reform from each year the current government was in power, and check where things stand now. A decade after its launch, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has over 520 million accounts with a total balance of around ₹2.32 trillion. The scheme provides a zero-balance bank account, a RuPay debit card and ₹1-lakh accident insurance.

Star Sports, "Every player has a different game. What Maxwell can do, Kohli cannot and what Kohli can do, Maxwell cannot. You need to have different types of batters in your XI.

Arvinder Singh Lovely on Sunday said he has only resigned as chief of the Congress' Delhi unit and is not joining any other political party. His clarification came after Congress ex-MLA Asif Mohammad Khan claimed that the BJP would field Lovely from the East Delhi constituency, replacing Harsh Malhotra. «I have only resigned as Delhi Congress chief and I am not joining any political party,» he said at a press conference at his residence. Lovely said his resignation reflected the pain of Congress workers saddened by the fact that the «ideals they had been fighting for during the last seven to eight years» were being compromised.

Amid the debate over whether and when the Federal Reserve cuts interest rates, another important argument is unfolding: where do rates settle in the long run? At issue is the neutral rate of interest: the rate that keeps the demand and supply of savings in equilibrium, leading to stable economic growth and inflation. For the last 40 years, and especially following the 2008 financial crisis, economists and Fed policymakers steadily revised down their estimates of neutral. This view became embedded in bond yields, mortgage rates, equity prices and countless other assets.

Mint, Deloitte said that given the implementation of the Global Anti-Base Erosion (GloBE) rules in these countries from 1 January, Indian headquartered multinational business groups with a presence there will be required to comply with the GloBE rules even if New Delhi is yet to implement it. Accordingly, Indian multinational groups will have to provide for top-up tax, if applicable, in their financial statements for the year ended 31 March 2024, Deloitte said in its analysis.

Elon Musk got the market’s memo. Mark Zuckerberg missed it. Cathie Wood ignored it.

Sri Lanka for the consecration ceremony of Seetha Amma Temple, dedicated to Goddess Sita. The consecration ceremony of Seetha Amma Temple will take place on May 19. The decision came following a letter from Sri Lanka's representatives to the Uttar Pradesh government, requesting Sarayu river water for religious ceremonies and the consecration of Goddess Sita's idol at the temple.

startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its drones that can carry a payload of 2-6 kilograms in the coming months, according to a senior executive. The ePlane Company's Founder and CEO Satya Chakravarthy said it is developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and to begin with, it will be a three or four-seater plane which can be converted into an air ambulance.

NCLAT has rejected SBI's pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm's lead banker PNB and said the country's largest lender cannot «wriggle out» the debt restructuring process of the IL&FS group's thermal power company. The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications moved by SBI and said it does «not find any error in fixing the liquidation value as of 30.09.2018» of IL&FS Tamil Nadu Power Company Ltd (ITPCL). The appellate tribunal observed that as per the RBI circular, an Inter-Creditor Agreement has been entered between the lenders.