UPS Financial News

Fintech Association for Consumer Empowerment (Face) disbursed Rs 35,999 crore in loans in the third quarter of FY24, a 55% increase over the same period last year, according to a report. The ninth issue of ‘Facets’ presented insights into the disbursement trends for the quarter from 37 members of Face, indicating a 13% growth in disbursing volume to 2.5 crore in the same period. Also, the average ticket size for loans disbursed stood at Rs 12,733.

petrol pumps for PUCC validity with the Delhi government planning to implement a digital solution for the issue. The Delhi Transport Infrastructure Development Corporation (DTIDC) has floated a tender and invited bidders to suggest digital solutions to check whether the vehicles coming to the petrol pumps have a valid Pollution Under Control Certificate (PUCC). The estimated cost of the project is Rs 6 crore. «The bidder must possess the capability to deliver a digital solution aimed at mitigating pollution within the city of Delhi. This involves implementing an application that integrates with existing cameras situated at petrol pumps,» said an official. Explaining how the system will work, the official said it will be designed to scan the licence plates of the vehicles upon entry to a petrol pump.

The NSE Nifty index ended the session 21.65 points up at 21839.1, while BSE Sensex rose 89.64 points to 72101.69.

Over the first quarter of 2024, WTI crude oil is expected to rise by at least 15%. This uptick marks the end of a downward trend observed in the third and fourth quarters of 2023, which was part of a broader trend that began in mid-2022.

President Joe Biden and congressional leaders have reached an agreement on this fiscal year’s final set of spending bills

A major automaker made a deal with California to cut greenhouse gas emission from cars as the state transitions away from gas-powered vehicles

BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers

Inflation remains a top concern for small businesses, which reported lower optimism in February

Polish farmer Piotr Korycki says his business has been badly destabilized by Russia’s war against Ukraine and that the European Union is only adding to his problems

Federal prosecutors in New York say two men are charged with starting a business in China using battery manufacturing technology pilfered from Tesla and trying to sell the proprietary information

Wall Street notched another record high as traders wait to hear what the Federal Reserve will do with interest rates

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon

IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months

One of Vermont’s historic covered bridges is under threat from modern technology

Stocks that traded heavily or had substantial price changes on Tuesday: International Paper, Unilever rise; Super Micro, Freeport-McMoRan fall

Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure in the artificial intelligence world to cement its position at the forefront of the booming AI industry

The Biden administration this week is expected to announce new automobile emissions standards that relax proposed tailpipe limits for three years but eventually reach the same strict standards set out by the Environmental Protection Agency

Asian shares have closed mostly higher while European markets opened lower as investors awaited the latest signals from the Federal Reserve on the timing of cuts to interest rates

By Stephen Nellis

It was an implied volatility day yesterday ahead of the VIX expiration this morning. The important level for the VIX is 14, and as of yesterday, the VIX closed at 13.8.

The 30-share BSE benchmark Sensex rose 90 points or 0.12% to settle at 72,102 and the broader NSE Nifty gained 22 points or 0.10% to end at 21,839, led by energy stocks.