UPS Financial News

Conditions are shaping up for the Bank of Canada to start cutting interest rates, but will our currency throw a wrench in the works?

Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.

“Location, location, location” is what real estate agents preach like a broken record, and for good reason.

Tirupati Balaji at Tirumala Tirupati Devasthanams (TTD), the world's richest Hindu temple. The temple trust received a mammoth 1,031 kgs of gold worth approximately Rs 773 crore as donations in 2023, TOI has reported. The Tirupati trust has 11,329 kg of gold worth Rs 8,496 crore deposited with various nationalised banks under the gold monetisation scheme. TTD officials observed that the devotees accord top priority to extending cash offerings to Lord Venkateswara Swamy and the second most preferred donation to the Lord of the riches comes in the form of gold. The trust has made a fixed deposit of Rs 1,161 crore this year, the highest in the past 12 years. TTD's yearwise fixed deposits since 2013 are as follows: 2013: Rs 608 crore, 2014; Rs 970 crore, 2015; Rs 961 crore, 2016; Rs 1,153 crore, 2017; Rs 774 crore, 2018; Rs 501 crore, 2019; Rs 285 crore, 2020; Rs753 crore, 2021; Rs 270 crore, 2022; Rs 274 crore, 2023; Rs 1,161 crore, 2024. The only time the Tirupati trust's fixed deposit declined below the Rs 500 crore mark was in 2021 and in 2022 during the Covid pandemic and once earlier in 2019. The Trust earns Rs 1,600 crore annually in interests on FDs.

Additionally, they offer mobility, making it easy to move the entire power backup system as needed. With various designs available online, including plastic and wooden options, users can easily choose the best inverter trolley to suit their specific requirements and preferences. In this comprehensive article, we'll explore a curated selection of the best inverter trolleys, highlighting their features, and why they are indispensable additions to any power backup setup.

Thiruvananthapuram: Polling in all the 20 Lok Sabha constituencies in Kerala for the 2024 general election concluded at 6 pm on Friday with the state recording a provisional voter turnout of over 67.27 per cent. Though the official time for polling ended at 6 pm, huge queues were seen outside polling booths across the state and therefore, the final turnout percentage is likely to go up. Tokens were issued to voters waiting in the queues. The huge queues in some places were due to delays caused by technical glitches and breakdown in the electronic voting machines (EVMs) as well as instances of bogus voting. In other places, the lines were due to people turning up in large numbers in the last couple of hours to cast their votes.

HCLTech, country’s third largest IT services provider, bucked industry trends to report a rise in headcount of 2,725 employees for the final quarter of FY24. The total employee base stood at 227,481 at the end of March 2024. In the preceding quarter, its employee count was at 224,756 ending December.

Vietnam's National Assembly has resigned, the ruling Communist Party said Friday, one of the most senior leaders to fall in a sweeping anti-corruption purge. Vuong Dinh Hue asked to step down because of «violations and shortcomings», the party said in a statement on its website.

Lok Sabha elections 2024 witnessed a vibrant display of democratic spirit as people from various walks of life across India turned up in large numbers to cast their votes. From a groom in Maharashtra to families in Rajasthan and Uttar Pradesh, the turnout was a testament to the commitment towards shaping the nation's future through the ballot. In Maharashtra, Akash, a groom from Amravati, exemplified this commitment by leaving his wedding ceremony to vote. His act of prioritizing civic duty over personal celebrations resonated with many voters. The state, recording a 53.51% turnout by 5 pm, also saw unique instances such as restaurants in Bengaluru offering free food to voters and polling booths in Chhattisgarh decorated like 'mandaps' with traditional marriage rituals on display.

This pursuit of refinement in every aspect of your credit card experience now takes a turn with the HSBC Credit Card range. With a host of travel privileges, comprehensive entertainment options, and concierge services, HSBC has designed its credit card range to bring a world of tailored indulgences created with you at the centre.

Pakistan shelling amid a ceasefire, people living near the International Border and Line of Control in Jammu thronged the polling stations across Jammu to decide the fate of 22 candidates contesting from the constituency in the second phase of Lok Sabha polls on Friday. According to Chief Electoral Officer (CEO), Jammu and Kashmir Pandurang K Pole, a total of 158 polling stations, out of 2,416, were set up in the border areas in Jammu and Samba districts besides the Kalakote-Sunderbani segment in Rajouri district. The Jammu parliamentary constituency recorded 67.22 per cent polling, while its border segments registered more than 70 per cent polling, till 5 pm. It is likely to maintain its history of high voter turnout as in the last parliamentary elections, the constituency registered about 74 per cent polling. Shelling from across the border has remained a major concern for the border residents and the administration alike but this time the elections are taking place in a peaceful atmosphere owing to a renewed ceasefire between the two countries on February 25, 2021.

Providing relief to those taxpayers who failed to link their Permanent Account Number (PAN) and Aadhaar Number by the June 30, 2023 deadline, the Income Tax Department has relaxed the deadline for imposing penalties on such cases and said that no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. 

Former Assistant Treasury Secretary for Economic Policy Michael Faulkender says there is nothing changing to cause a cutback on the inflationary pressures on 'Kudlow.'

He will join Barry Norris' Argonaut Capital to set up the firm's distribution team. Kostoris used to head UK and US sales at Odey AM, and moved to Lancaster IM in November alongside fund managers James Hanbury and Jamie Grimston following the transfer of five Odey AM and Brook Asset Management funds to the firm as the two businesses shut down. Odey Asset Management to wind down business The strategies in question were the LF Brook Absolute Return, Brook Absolute Return IRL, Brook Developed Markets, Brook Absolute Return Focus and LF Odey Opus funds. They have since been renamed ...

Maruti Suzuki India Limited's (MSIL) board of directors recommended a final dividend of Rs 125 per share for the financial year ended March 31, 2024, taking the dividend payout to Rs 3,930 crore. India's largest passenger today reported a standalone net profit of Rs 3,878 crore for the quarter ended March 31, 2024, which was up by 48% from Rs 2,623.60 crore reported in the year ago period.

Delhi High Court on Friday allowed the lessors' plea which sought deregistration of the company's 54 aircraft. The court ordered deregistration of Go First's 54 planes in five working days which were subject matter of the case. The court has also restrained Go First from flying these planes. Indian civil aviation regulator DGCA has been asked to facilitate the export of aircraft and provide certificate of airworthiness.

Maruti Suzuki Friday met street estimates to report a 47.8% increase in net profit at Rs 3,877.8 crore for the fourth quarter ended March 31, 2024 driven by strong sales and better product mix. Brokerage firm Prabhudas Lilladher had expected the company to post a 48% in net profit at Rs 3,884 crore in the quarter under review. Revenues were expected to grow 21.2% to Rs 38,838.2 crore. Net sales of the company rose 19% to Rs 36,697.5 crore in the three months to March 2024. Total expenses went up by 16.3% to Rs 34,355.1 crore in the same period.

Supreme Court's decision on Friday rejecting pleas seeking complete cross-verification of votes cast using EVMs with a Voter Verifiable Paper Audit Trail (VVPAT) has brought the focus back on the paper trail machines. To enhance transparency and verifiability in the poll process, the Conduct of Election Rules, 1961 were amended in 2013 to introduce the use of VVPAT machines. They were first used in the by-election to the Noksen assembly seat in Nagaland. At least one ballot unit, one control unit and one VVPAT make up for an EVM. The tentative cost of an EVM comprised Rs 7,900 per ballot unit, Rs 9,800 per control unit and Rs 16,000 per VVPAT.

With Donald Trump facing dozens of federal criminal charges and hundreds of millions in legal expenses, Trump Media & Technology Group Corp. went public on the Nasdaq exchange March 26

Global shares are rising despite worries about the economic outlook and inflation in the U.S. and globally

Harvey Weinstein's accusers and their advocates were shocked and angered by an appellate court’s decision to overturn the ex-movie mogul’s 2020 rape conviction