UPS Financial News

Mumbai: Homegrown Care Ratings Ltd plans to start its sovereign debt ratings service with countries in Asia and Africa, followed by Europe in the long term, a top executive said. The agency, which is creating a subsidiary in GIFT City for the purpose, will start with countries where it already has some presence, such as Nepal, Mauritius and South Africa. The board of Care Ratings last month approved setting up CareEdge Global IFSC Ltd for the purpose, managing director and group chief executive of CareEdge—a group level brand identity—Mehul Pandya said in an interview.

₹1.97 trillion (over $26 billion) to support manufacturing growth in 14 sectors, especially those that help in import substitution such as specialty steel and drone components. The outlay was for a period of five years starting 2022.

₹2,033 crore for FY24. A company statement said that on Wednesday it paid ₹554 crore to the government as the third interim dividend on equity shares held by the Union government for the recently ended fiscal. This is in addition to ₹832 crore and ₹647 crore paid as first and second interim dividend, respectively, to the government.

To most, professor Daniel Kahneman (1934-2024) is best known for his path-breaking explorations of how people’s decisions deviate from perfect rationality and the Nobel Prize he won for that work. For me, Professor Kahneman is someone who changed the course of my life. In the 1990s, I was an advertising professional.

Also Read: Amazon sale: Enjoy up to 77% discount on best laptops with groundbreaking features from big brands The impacted staff include a few hundred each at AWS' sales, marketing and global services division and the physical stores technology team, the cloud-computing arm of Amazon said. "We've identified a few targeted areas of the organization we need to streamline," an AWS spokesperson said on mail.

Every year, the World Happiness Report ranks countries in terms of happiness by calculating their happiness scores. The six key variables that make up this index are GDP per capita, social support, healthy life expectancy, freedom, generosity and lack of corruption. These are mostly calculated on the basis of individual self-assessments.

Free Press. Zoraya ter Beek, living in a small village in the Netherlands near the German border, is scheduled to be euthanised in May, the report added. The woman has been dealing with mental health issues throughout her life.

Arvind Kejriwal being remanded to ED custody, and earlier this week to judicial custody, till April 15, while AAP MP Sanjay Singh was granted bail by the Supreme Court on Tuesday after almost 6 months in jail, there is much political drama that has unfolded. Various factions are hurling allegations against each other, including that of misuse of enforcement agencies to intimidate opposition leaders. So, the common man may well end up asking: is the law different for politicians? With a record number of undertrials languishing in judicial custody, we witness an outcry when a politician is remanded to police or judicial custody. The law happens to be the same for all. An accused, in most cases, is remanded: When prosecution is able to demonstrate substantial evidence about his or her involvement in a criminal offence.

book from Egypt that was written at the dawn of Christianity and is considered one of the oldest books in existence will go up for auction in June in London. The Crosby-Schoyen Codex — written in Coptic on papyrus around 250-350 AD, and produced in one of the first Christian monasteries — has an estimated sale value of $2.6 million to $3.8 million, according to Christie's. «It's right at that period, that transitional period, when papyrus scroll starts turning into codex form,» said Eugenio Donadoni, Christie's Senior Specialist, Medieval and Renaissance Manuscripts. «So, books as we know them today. And what we have in this book is the earliest known texts of two books of the Bible.»

earthquake off Taiwan's east coast on Wednesday is unfortunate. It is also an unfortunate reminder of the risk of concentrating an overwhelming proportion of the world's most advanced chip-making capacity in one territory. Taiwan's semiconductor fabrication units are located at some distance from the epicentre of the earthquake and evacuated staff in response to disaster protocols. Initial reports suggest there is unlikely to be an immediate impact on supply chains feeding all manner of things from cars and cellphones to laptops and satellites. However, chip-making is particularly susceptible to vibration, and Taiwan lies in a zone of heightened seismic activity that also poses a risk to its principal source of power: nuclear energy. Chipmakers have accelerated plans to diversify beyond Taiwan after the Covid outbreak snarled up supply lines. There is also simmering tension with China that reinforces the need for resilient supply of a critical component in global manufacturing.

It is likely to be taken up as part of the near-term agenda and could be rolled out by the end of the year, they said. The move, on the lines of the national population register, is aimed at building a comprehensive database of available organ donors to meet increasing demand for organ transplant in the country.

Software Is Eating the World'. He convincingly argued that software-led companies like Apple, Amazon and Netflix were 'eating' brick-and-mortar companies, such as Blockbuster, Borders and Walmart, to become global category leaders. Andreessen's predictions did bear out, with software behemoths like Alphabet, Microsoft and Meta becoming the world's largest companies. As the age of IT and software gives way to AI, there are declarations of how AI is eating software. It seems that new emerging titans like OpenAI and their LLMs — which are built on colossal amounts of data and powered by new kinds of software algorithms called transformers — are taking over. However, it's actually hardware that is again emerging as the dominant species in the AI age. Nvidia, US-based MNC and maker of GPUs (graphics processing units), the hardware that powers most generative AI software, was at a $300 bn valuation in the pre-ChatGPT era in Nov 2022. It is $2.3 tn today, a nearly eight-fold jump.

Disney shareholders have rallied behind longtime CEO Robert Iger

Xi Jinping has told his US counterpart Joe Biden that the Taiwan question is the «first red line» that must not be crossed by Washington, and warned that Beijing will not «sit on its hands» if "Taiwan independence" forces step up their "separatist activities" with the help of external elements. Biden spoke on the phone with Xi on Tuesday, marking the first conversation between the two leaders since their historic in-person summit last November in San Francisco and the latest in ongoing efforts by US and Chinese officials to defuse tensions between the two countries. The White House described the one-hour-45-minute conversation as «candid and constructive» on a range of issues on which the leaders agreed and disagreed. Biden stressed the need to maintain «peace and stability» across the Taiwan Strait and he also raised his concerns over China's support for Russia's defence industry, the White House said.

Shirdi Sai Electricals Limited will make an initial investment of Rs 15,000 crore to build an integrated solar cell to module manufacturing facility at Ramayapatnam in Andhra Pradesh, its CEO Sharat Chandra said on Wednesday. The investments in the first phase are being made through subsidiary Indosol Solar to set up 5 gigawatts (GW) of moduleS, 5 GW wafers, 5 GW ingot and 5 GW glass capacities, he told PTI over the phone. «We have started the production of the module from Sunday (March 31). We call it Phase 1A, which is part of Phase 1. Initially, we started 500 MW module manufacturing by investing Rs 1,300 crore. The entire phase-1 (comprising 500 MW each of module, cell, wafer, and ingot) will be completed by 2025. Additionally, a manufacturing capacity of 5 GW of Glass, a raw material product, will also be set up,» he said The entire project is of 30 GW upstream capacity. It is part of the government's PLI scheme for the solar industry, Chandra said without sharing the entire project cost.

Inflation has fallen again in Europe, to 2.4% in March

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February

Stocks that are trading heavily or have substantial price changes on Wednesday: Signet Jewelers, Cal-Maine Foods rise; Intel Paramount Global fall

The Genesis GV80 made quite a splash when it entered the midsize luxury SUV segment

Federal Reserve Chairman Jerome Powell said Wednesday it will take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain.