UPS Financial News

Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points Now, let's delve into the types of Rupay cards available in the market and the corresponding insurance coverage they offer: 1. Classic Card: This card doesn't provide any insurance coverage. Although it used to offer coverage previously, this feature has been discontinued since the financial year 2020.

Investors are well aware that every war heightens uncertainty. It entails risks that are hard to price, as they defy probability estimates. A recency bias, however, must not get the better of us on the disruptive potential of hostilities in West Asia, where Israel’s night-sky was lit up on 13 April by the flares of aerial strikes by Iran in retaliation to an attack on its consulate in Syria.

Last week, the economics division at the ministry of finance in India invited Professor Mike Hulme at the University of Cambridge to share his views on climate change. In 2007, he received a personalized certificate from the Intergovernmental Panel on Climate Change (IPCC), recognising his contribution to the (joint) award of the 2007 Nobel Peace Prize to the IPCC. His recent work, Climate Change Isn’t Everything piqued my interest, and I read it.

Joe Biden help the Iranian regime by ignoring its nefarious activities like bankrolling Hamas and expanding its nuclear capabilities? After Tehran backed Houthi rebels and now attacked US ally Israel, this question has surfaced. Biden has also been accused of refusing to enforce sanctions imposed years ago. Tehran increased its oil exports, its most significant revenue source after Biden came to office four years back. Now, as the 2024 US Presidential Election is coming close and the campaign is picking up, the president will have to answer these allegations.

Vidya Bala, Co-Founder, PrimeInvestor.in, says “in terms of sectors, we are looking more keenly in sectors like consumption in pockets, not the traditional FMCG but more some of the discretionary spending spaces. We are also looking at the banking and financial space which did not participate last year. Three key factors – credit, e-commerce and social media enablers – will democratise purchasing power and with that, players like Jio Finance are very well placed to capitalise with the kind of obvious breadth that they have. You could call these dark horse bets. But again, in a market that is brimming with confidence, it is very hard to say otherwise. A corrective phase is when you sit back and decide whether you can handle these kinds of stocks.” What is your market outlook? Where are you investing right now? Vidya Bala: At this point in time, we would call ourselves being cautiously optimistic.

Baidu said on Tuesday its artificial intelligence chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like chatbot amid increasingly fierce competition. Robin Li, CEO of the Chinese internet company, revealed the new milestone at a conference in Shenzhen on Tuesday. The chatbot was released to the public eight months ago.

health insurance companies to reduce the maximum waiting period to get complete health insurance coverage in case of pre-existing diseases (PED) from 4 years to 3 years. The regulator modified the definition of pre-existing disease in its IRDAI (Insurance Products) Regulations, 2024, notified on April 1, 2024. According to the notification, pre-existing disease (PED) means any condition, ailment, injury or disease: a) that is/are diagnosed by a physician not more than 36 months prior to the date of commencement of the policy issued by the insurer; or b) for which medical advice or treatment was recommended by, or received from, a physician, not more than 36 months prior to the date of commencement of the policy.

Elon Musk's satellite internet venture Starlink has received an in-principle approval from the telecom ministry. This approval clears a critical hurdle that the venture has been facing for almost three-and-a-half years. The approval process is now at the desk of communications minister Ashwini Vaishnaw, awaiting final vetting by the home ministry over certain security matters, according to highly-placed sources. One of the sources as reported by TOI stated, «The commercial part has been examined on issues, such as, foreign investment and net worth. The essential examination shows that it (Starlink's application) is in line with the (official) guidelines. Thus, it has been approved.» The source further mentioned that the technical requirements have also been examined as per the license conditions. «The technical requirements have been examined as per the licence conditions,» the source said, adding, the company has also submitted a «declaration» regarding its ownership.

Middle East drove investors towards the safe-haven metal. FUNDAMENTALS

profit on Thursday thanks to strong demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high.

San Francisco Federal Reserve Bank President Mary Daly said on Monday there is no urgency to cut U.S. interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target. «The worst thing to do is act urgently when urgency is not required,» Daly said at the Stanford Institute for Economic Policy Research. Daly is one of 19 U.S. central bankers who set U.S. monetary policy.

Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.

China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations, a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expected first-quarter gross domestic product (GDP) to expand 4.6% from a year earlier, compared to 5.2% in the previous three months.

Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter.

Donald Trump began his day as a criminal defendant lashing out at the judge and prosecutors, casting himself as a victim and angrily posting on social media. In other words: a familiar routine.

Former Council of Economic Advisers Chair Kevin Hassett joins ‘Kudlow’ to discuss ‘pressure’ that could cause the Fed to increase rates as much as another percentage point.

Israeli military renewed warnings on Monday for Palestinians not to return to northern Gaza, a day after witnesses and medical officials said Israeli troops opened fire and killed five people among throngs of displaced residents trying to walk back to their homes in the devastated area. Hundreds of thousands of Palestinians were driven from the north after Israeli forces first launched their offensive there soon after Hamas' Oct. 7 attack on southern Israel. In the months of fighting since, vast parts of the north have been flattened, including much of Gaza City. After months of Israeli restrictions on aid to the north, some 300,000 who remained there are on the brink of famine, according to the United Nations. Still, many Palestinians have wanted to go back, saying they are sick of the conditions they endured in displacement. For months, families have been crammed into tent camps, schools-turned-shelters and homes of relatives throughout the south of the Gaza Strip. Some also fear remaining in Rafah, Gaza's southernmost town, as Israel says it plans to attack it eventually to root out Hamas.

“This is a part of the government’s broader intention to enhance the proportion of domestic capital invested into Indian startups,” one of the officials said.

Michael Egorov – founder of the decentralized finance protocol Curve (CRV) – once again neared liquidation on his massive DeFi loan as the crypto market collectively plummeted over the weekend.

Market watchers say some Canadian lenders are raising their fixed-mortgage rates on offer despite indications from the Bank of Canada that rate cuts are possible in the months ahead.

Bitcoin (BTCUSD) traded flat while spot bitcoin exchange-traded funds (ETFs), which have been driving up bitcoin demand and consequently its price, experienced a rare week of net outflows as the markets geared up for the halving event later this week.