UPS Financial News

₹3.2 trillion, which is more than the fair value of the assets of ₹2.97 trillion, although it is less than their total claims of ₹10 trillion. The second official said once resolution professionals get tribunal orders to recover dues from corporate guarantors—mostly promoters of defaulting companies—the amounts that creditors realize under IBC will see a sharp jump.

Baltimore has been suspended until further notice and we'll need to clear that channel before the ship traffic can resume," he told reporters at White House. "It's my intention that the federal government will pay for the entire cost of reconstructing that bridge...The people of Baltimore can count on us." The US President also said that the federal agencies are assisting with search and rescue efforts around the Francis Scott Key Bridge. "Officials at the scene estimate eight people were unaccounted for.

Raymond James is boosting its presence in Central Florida as its employee advisor arm welcomes a seasoned advisor from Charles Schwab as Raymond James & Associates brings on board Lynette Ancona in Winter Park.

Canada will tighten its scrutiny of foreign investments in artificial intelligence, quantum computing and space technology as the government expands its power to stall and block deals for national security reasons.

In these tough economic times, the ranks of Canadians taking on a side hustle to make ends meet is rising.

TORONTO — Smith Financial Corp. is merging a pair of its portfolio companies, Fairstone Bank of Canada and Home Trust Co., in a move they say will create the leading alternative lender in Canada.

Canada must tackle weak productivity to inoculate the economy against factors that will drive future inflation, such as the pullback from globalization, said Carolyn Rogers, senior deputy governor of the Bank of Canada.

Congress leaders' comments on Kangana Ranaut snowballing into a political row, the actress-turned-politician said every woman, irrespective of her background and profession, deserves dignity. Ranaut, who makes her political debut as a BJP candidate from Mandi in Himachal Pradesh, said she was particularly pained by the derogatory comments on the constituency that is often referred to as "Chhoti Kashi". The Congress has been in the crosshairs after demeaning remarks on Ranaut and Mandi were posted on the social media handles of its leaders Supriya Shrinate and H S Ahir.

Mumbai has displaced Beijing as Asia's city with the largest number of billionaires, according to Hurun Global Rich List 2024. This ticker-tape news comes as Indian stock markets powered ahead on a robust post-Covid recovery, while China is struggling to raise economic growth. The reordering is unlikely to be permanent, because India's market capitalisation-to-GDP ratio is in overvalued territory, while it is undervalued in China.

Musk surely knows how to control the narrative and the noise. His relentless honking at Raisina Hill’s policy making precinct for the last 4 long years did electrify the imagination of the government bureaucracy. That is why the auto industry executives in private see Narendra Modi government’s recently announced new electric vehicle policy, the last business before the announcement before the 2024 elections, predominantly as a red carpet rollout for just one eccentric billionaire: Musk. Even then to straight jacket the initiative as ‘The Tesla policy’ is a cynical response: The timebound and ceiling based 55-85% import duty cut on electric cars above a certain value, linked to specific localisation and investment milestones to boost domestic manufacturing would benefit incumbents Tata Motors, Hyundai, VW Group as much as it would Musk or accelerate the plans of Phat Nhat Vuong, founder of Vietnamese OEM VinFast, that has been looking to set up base in Tamil Nadu. Predictably therefore, the initial outrage of local players has evaporated post the announcement!

Tony Hawk is teaming up with Montreal-based Laughing Dragon Studios to develop "Skatebirds," an animated TV series targeting children aged 6-11. The series, inspired by Hawk's nickname "Birdman," aims to showcase the adventurous and playful spirit of skateboarding.

Inflation is continuing to bite Canada’s restaurant industry, as sales have dipped across the country and consumers are facing higher menu prices.

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Bengal is suddenly under the state's election spotlight as an «embodiment of the BJP's fight against atrocities on women under Mamata Banerjee's TMC dispensation». Thirty-something Rekha Patra, a housewife from the troubled region of Sandeshkhali and an alleged torture victim in the hands of arrested TMC leader Shajahan Sheikh and his cohorts, walked protest rallies against her oppressors carrying her girl child on her waist alongside scores of other women agitators from the region when local agitation against TMC leaders recently blew up. Patra is now the BJP's Lok Sabha nominee from Basirhat, a TMC stronghold on the southern-most fringes of North 24 Parganas district, and is the sole candidate of her party so far to have received a personal telephone call from Prime Minister Narendra Modi who talked to her about her campaign preparations and was lauded by the leader as «Shakti Swarupa» (an embodiment of the essence of Shakti). She is also the party's surprise candidate through whom the BJP is trying to make its strongest political statement in Bengal: that it plans to steal the issue of women's safety from under the sails of Mamata Banerjee's Trinamool Congress for the upcoming polls.

Daiwa Securities Group will acquire a minority stake in Ambit Finvest, an NBFC subsidiary of the Ambit Group. Ambit and Daiwa aim to seize the growth opportunities in the expanding Indian NBFC sector to contribute to the acceleration of financial inclusion.

global spread of Homo sapiens. But where did these pioneers go after leaving Africa? After years of debate, a new study offers an answer. These bands of hunter-gatherers appear to have lingered for thousands of years as a homogeneous population in a geographic hub that spanned Iran, southeast Iraq and northeast Saudi Arabia before going on to settle all of Asia and Europe starting roughly 45,000 years ago, scientists said on Monday. Their findings were based on genomic datasets drawn from ancient DNA and modern gene pools, combined with paleoecological evidence that showed that this region would have represented an ideal habitat. The researchers called this region, part of what is called the Persian Plateau, a «hub» for these people — who numbered perhaps only in the thousands — before they continued onward millennia later to more distant locales.

The Nifty 50 index lost 0.42% to 22,004 but ended above 22,000 for the fourteenth session out of 17 this month. The BSE Sensex shed 0.50% to close at 72,470.

Nirmala Sitharaman on Tuesday said the government led by Prime Minister Narendra Modi has consciously taken several women-centric policy decisions for their emancipation and empowerment. Reeling out some of the decisions, she said, permanent commissioning of women officers, entry of girls in Sainik School, raising maternity leave from 12 weeks to 26 weeks, and Poshan Abhiyan benefitting 10 crore women are some of them. To promote entrepreneurship among women, she said, the government is providing credit facilities under the PM Mudra Scheme without collateral and at a concessional rate. So far, she said, 70 per cent of loans sanctioned belong to women category and 30 crore beneficiaries are enrolled.

The U.S. is imposing sanctions on a collection of mostly Russian fintech firms and people accused of enabling sanctions evasion

Former President Donald Trump is urging Republican leaders in Michigan to target Black voters in the swing state

The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December