UPS Financial News

New York state lawyers are urging an appeals court not to buy former President Donald Trump’s claims that it’s impossible to post a bond fully covering a $454 million civil fraud judgment while he appeals

Canadians with extra spending cash right now might find they can score deals on clothing, some discretionary items and higher-ticket purchases as experts say retailers are fighting harder for consumers’ dollars.

According to its guide for the 2024 annual general meeting taking place on 24 April, the firm is requesting approval to repurchase up to 5% of its issued ordinary shares. This amount, worth over £12.8m as of 29 February 2024, is the smallest percentage the firm has requested in recent years, and does not commit the firm to exercising this right, if granted. abrdn shutters American Income Equity fund due to largest investor withdrawal The authorisation would last for either 15 months or until the following AGM, whichever is earlier. At last year's AGM, the firm sought the authori...

Seasonal factors play a significant role in driving commodity prices. Understanding these seasonal patterns is crucial for investors looking to navigate this asset class effectively.

By William Schomberg and Suban Abdulla

Stock and cryptocurrency prices rose higher after the Federal Reserve announced they were keeping interest rates unchanged while also reiterating expectations of three rate cuts before the end of 2024.

The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent show-cause notices to a number of mutual fund (MF) companies in recent weeks, seeking to recover a tidy sum from them as goods and service tax (GST) on exit-load charges. According to an official source, the amount being sought to be recovered from the MF firms could be over Rs 150 crore.

The Indian HNIs are getting drawn towards branded residences. Lured by their aspiration to own a premium asset and access to superlative services, Indian HNIs are showing newfound interest in branded residences. As per the latest research by SKYE, a hospitality development and consultancy company, India has around 2300 branded residences, a modest share in a global supply that amounts to 26,000 units. However, the segment will soon change gears, as demand is picking up quickly.

Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs

In this world nothing can be said to be certain, except death and taxes.

Indian airlines are gearing up for an increased flight frequency as they prepare to operate 24,275 weekly domestic flights during the upcoming summer schedule, starting from March 31. This marks a nearly 6 percent surge compared to the corresponding period last year.

Who does not like a new car with new features? Often when we plan to purchase a new car, the car features and technology are what we look at. However, we usually tend to ignore the financial aspect. If you are also planning to upgrade your car, you must keep in mind the financial factors and the maintenance cost.

Question: What is an updated return of income? When shall a taxpayer be eligible to furnish the same?

Investors’ wealth jumped Rs 5.72 lakh crore on Thursday as markets soared nearly 1 per cent in tandem with a rally in global equities after the US Fed projected three rate cuts this year. The 30-share BSE Sensex jumped 539.50 points or 0.75 per cent to settle at 72,641.19. During the day, it zoomed 780.77 points or 1.08 per cent to 72,882.46. The market capitalisation of BSE-listed firms went up by Rs 5,72,752.79 crore to Rs 3,79,85,669.12 crore (USD 4.57 trillion).

Stock Market News: Domestic equity benchmark indices, the Sensex and Nifty 50, finished Thursday's trading session in green due to encouraging global cues and dovish US Federal Reserve. The 30-share BSE Sensex ended higher by 539.50 points or 0.75% at 72,641.19 level while the Nifty 50 closed at 22,011.95 level, up 172.85 points or 0.79%.

IIFL Finance, a prominent NBFC specialising in retail credit, have experienced a significant decline in their wealth as the company's shares have plummeted sharply after the RBI imposed restrictions on its gold loan disbursements, raising concerns about liquidity among investors and lenders. Over the past 12 trading sessions, the company has witnessed a substantial decline in its share price, plummeting from ₹597 per share to the current trading price of ₹336, marking a steep decrease of 44%.

MUMBAI : The Securities Appellate Tribunal (SAT) on Thursday issued a stay on a Securities and Exchange Board of India order against Vedanta Ltd, which had directed the company to pay ₹77 crore in interest for a delayed dividend payment to Cairn UK Holdings. The tribunal, however, asked Vedanta to deposit 50% of the interest amount into an interest-bearing account for Cairn UK. “We are of the view that at this stage the balance of convenience lies with the appellants (Vedanta).

power of compounding. The rationale behind is quite simple. An investment, when remains invested for too long, appreciates faster in the latter part of the tenure vis-à-vis the earlier part.

Lok Sabha elections: India to go to polls starting 19 April Experts say the next major trigger for the domestic market is the outcome of the General Elections 2024. The Nifty 50 typically exhibits upward momentum in the months surrounding a general election, despite volatility in the market.

Ather Energy, the leading electric scooter manufacturer, has introduced a new exchange program aimed at current scooter owners in Bengaluru who are interested in upgrading to the latest models, the 450X or the 450 Apex. This initiative, launched as a pilot program, targets select customers who registered for the Ather Upgrade program in January 2023. Under the Ather Upgrade program, valid until 31st March, owners of Ather 450 Gen 1 and Gen 1.5 who wish to upgrade to the 450X must complete their purchase, invoicing, and registration by 31st March 2024. Similarly, those opting for the 450 Apex have until 30th April to complete the process. Importantly, the entire transaction, including the handover of the old scooter, is expected to be completed on the same day. To participate, owners need to bring their scooter to the Ather Space Experience Center located in Indiranagar, Bengaluru. Trained personnel will conduct a thorough assessment of the scooter's condition and verify any pending traffic violations or fines. Based on these checks, Ather Energy will determine the eligibility of the owner for the exchange program.

banks have seen an erosion in their low cost deposits as customers chase higher yields, and infrastructure demand is accelerating with the segment witnessing strong loans growth, showed a survey of bankers. ``Customers’ search for higher rates and the ability to lock those interest rates for a longer time has led to a shift in favour of term deposits,’’ said the FICCI-IBA Survey of Bankers. ``Term deposits have picked up pace. Around 70% respondents have reported a decrease in the share of CASA deposits in total deposits.’’ Some sectors like infrastructure, iron & steel and food processing are witnessing growth in long term credit demands. Major infrastructure development plans have been in place by the Government to facilitate quick capital spending with a strong multiplier effect and this is likely to spur demand for infrastructure financing, said the report.