UPS Financial News

Wall Street has been loving Spotify’s latest tune. The music streamer will need to keep its pitch perfect in the coming year. Spotify’s first-quarter results early Tuesday proved to be another hit with investors, sending the stock up 16% by early afternoon.

came under the scanner for contributing donations via the now-defunct electoral bonds to national and state parties, as per the data shared by the State Bank of India on the directions of the Supreme Court. However, there is one fledgling political party which is completely backed by a corporate group. Kitex Garments- backed Twenty20 party in Kerala has made a foray into the Lok Sabha polls by fielding two candidates.

earphones offer comfort and style. Whether for music, calls, or entertainment, the Buds Pro 2 elevate the wireless earbud experience, setting new standards in audio excellence. The OnePlus Nord Buds 2 TWS Earbuds redefine wireless audio with cutting-edge features.

tenant verification section of the Uttar Pradesh Police's UPCOP mobile app has sparked controversy for its unconventional list of 'professions' including hired killer, drug smuggler, gambler, bootlegger, nomad, and beggar. Social media users, including Arvind Chauhan, shared screenshots of the app, highlighting these surprising options. The issue gained traction, leading UP Police to acknowledge it on their official Twitter account, stating, «Thank you for pointing it out. The dropdown is based on master data populated by NCRB.» However, the connection between NCRB's crime records and the professions listed remains unclear.

Apple Pencil, hinting at a focus on iPad updates. As per The Verge, speculation suggests that the iPad Pro will receive substantial enhancements since its last overhaul in 2021, potentially including an OLED display with a slight size increase to 13 inches for the larger model. Additionally, an upgraded M3 chipset and a much-awaited repositioning of the front-facing camera to a horizontal orientation are anticipated.

₹18,100 crore. However, after initial allocation of the 50 GWh capacity, one of the selected applicants in the first round, Hyundai Global withdrew as the South Korean automobile major Hyundai Motor Company and its Indian arm Hyundai Motor India Ltd (HMIL) clarified that they had nothing to do with the company.

Chennai Super Kings (CSK) coach Mike Hussey said praising the Lucknow Super Giants (LSG) captain. "Rahul has been a fantastic player for a long period of time. He's very difficult to bowl to because he plays great shots all around the ground.

NEW DELHI : Indian companies directly or indirectly in business with European firms face a twin hurdle as Germany tightens its screws on a new law aimed at ensuring fair labour standards and environmental requirements. For Indian businesses already subject to Europe’s carbon tax, Germany’s supply chain rules would mean additional compliance and reporting costs, apart from fines and loss of business opportunities for any violations, industry experts told Mint.

Axis Bank is expected to report a net profit of Rs 6,305.25 crore for the quarter ended March 31, 2024, according to average estimates of four brokerages against the loss of Rs 5,728 crore reported by it in the year-ago period. The recovery in profit after tax (PAT) will be led by an uptick in interest income where the bank is seen to report a net interest income of Rs 12,926 crore, up by 10.60% on a year-on-year basis, the average estimates revealed.

National Asset Reconstruction Company Limited (NARCL), Srei Infrastructure Finance Limited (SIFL) on Tuesday announced the appointment of Hardayal Prasad as its new Managing Director and CEO. Prasad, with 36 years of experience, is a former Managing Director & CEO of SBI Cards & Payment Services Ltd and PNB Housing Finance Ltd, a company statement said. The Kolkata-based Kanorias previously controlled the twin companies of SIFL and Srei Equipment Finance Company till RBI superseded their boards over alleged mismanagement in October 2021 and subsequently initiated IBC proceedings. However, NARCL successfully acquired the companies under the Insolvency and Bankruptcy Code (IBC) initiated by RBI to resolve over Rs 32,000 crore debt of the NBFCs.

floods. «After the heaviest rainfall the UAE experienced in 75 years Dubai Airports is making remarkable strides in restoring and normalising operations at Dubai International Airport (DXB),» a statement from Dubai Airports said.

Fractional ownership platforms have started the process of registering under SM REIT regulations, a month after Securities and Exchange Board of India (SEBI) notified these rules to govern small and medium real estate investment trusts (SM REITs) of income-generating and completed properties including commercial assets, rental housing, warehousing, and hotels. Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. “With Sebi notifying amended regulations for SM REITs, investors can now have ownership of rent-yielding real estate assets by making a minimum investment of Rs 10 lakh. The move will help enhance transparency and boost participation of both domestic and foreign retail investors thereby leading to better liquidity in the market,” said Umesh Sahay, founder & CEO, EFC (I) Ltd.

Assam Jatiya Parishad (AJP) and Congress leaders, have called upon Assam Chief Minister Himanta Biswa Sarma to provide clarity on potential plans to relocate the Chakma community from Arunachal Pradesh to Assam. Recent remarks by Union Minister Kiren Rijiju have indicated that the Chakma community is exploring the possibility of seeking citizenship in Assam under the Citizenship Amendment Act (CAA). In response to these concerns, Chief Minister Himanta Biswa Sarma has affirmed that the central government has not held any discussions regarding the resettlement of Chakma and Hajong refugees in Assam. Rijiju, who represents Arunachal Pradesh in the Lok Sabha, has proposed relocating these refugees to Assam before they become eligible for Indian citizenship under the CAA. Sarma emphasized, «No Chakma or Hajong representatives have approached me, nor has the government of India raised this matter for discussion. I have discussed granting permanent resident certificates to certain Assam communities residing in Arunachal Pradesh.» Firmly asserting his position, Sarma stated, «Rijiju is not the Chief Minister of Assam; I hold that position.»

Net premium income for the reporting period jumped 17% to Rs 14,788 crore.

Amit Shah on Tuesday said the BJP used its majority in Parliament to nullify Article 370, ban instant triple talaq and bring a new citizenship law, and asserted the Modi government will never change the Constitution. Addressing an election rally in Akola in eastern Maharashtra in support of BJP candidate Anup Dhotre, Shah accused the Congress of putting hurdles in the construction of the Ram temple in Ayodhya. The senior BJP leader noted it was Modi who ensured that a grand and magnificent temple dedicated to Lord Ram was built in Ayodhya. Shah said the Modi government, on returning to office after the Lok Sabha polls, will bring citizens above 70 years under the ambit of the free health insurance cover of Rs 5 lakh and provide cooking gas cylinders directly to consumers. Shah slammed the INDIA alliance, saying they did not want the Ram temple to come up in Ayodhya.

The wealth gap has widened in Canada, as inflation, higher interest rates and lower property prices put the squeeze on middle-income families, a key engine of the economy.

Credit risk monitors that have been keeping a close eye on loan performance in Canada as higher interest rates put pressure on borrowers, say lenders are starting to get nervous.

The Canadian federal budget has been out for a week, which is plenty of time to absorb just how terrible it is.

The BTC halving session has changed the entire scenario of the market, and the biggest shift can be seen in the meme market. One of these coins, BEFE, has been performing incredibly throughout the week post-halving session. This brings up the question: is BTC halving the only reason why BEFE is rising? 

China’s finance ministry has said it is in favor of the central bank resuming trading Treasury bonds, a move that would see the monetary authority dust off a rarely used tool in its policy kit. Officials at the ministry said that they would support the People’s Bank of China gradually restarting to trade Treasury bonds in open-market operations as they look to better coordinate the country’s fiscal and monetary policies.

Schengen visa rules for Indians, the strength of Indian passport is arguably set to grow with travel to 29 European countries getting seamless and hassle-free. Incidentally, Indian passport is currently ranked at 85, as per Henley Passport Index for 2024 that ranks 199 nations based on the strength of their passports. Our neigbouring country Pakistan is ranked at 106, while Bangladesh at 102.