UPS Financial News

By Erwin Seba

By Jonathan Stempel

Sam Bankman-Fried, former CEO of failed crypto exchange FTX, should get as much as 40 to 50 years in prison due to the «brazen disrespect» he showed for the law in his crimes, prosecutors said in a court filing Friday.Bankman-Fried's lawyers had previously recommended a sentencing of less than seven years.

Gary Goetzman, the executive producer of the Apple TV+ epic series "Masters of the Air," remains optimistic about the possibility of a second season, although he, along with Steven Spielberg and Tom Hanks, may not be involved in its production. Potential for Season 2

Tesla, including a drastic cut in customs duty, as an incentive to set up manufacturing facilities in the country. The contours of the Scheme to Promote Manufacturing of Electric Passenger Cars in India are in line with a persistent demand from the Elon Musk-led company to lower India’s 70% import duty on cars if it was to establish a plant in India. The policy allows a sharply reduced rate of 15% customs duty for up to 8,000 EVs annually imported by a company that commits to Make in India. According to the policy document, carryover of any unutilised annual import limits will be permitted. The finance ministry notified the lower duty rate on Friday. “Companies setting up manufacturing facilities for EVs will be allowed a limited import of cars at lower custom duties,” said heavy industries minister Mahendra Nath Pandey.

Asaduddin Owaisi, the current Member of Parliament. The younger Owaisi has been winning in the seat for the past four elections, with expectations high that he will continue his streak in the coming election set to be held in April-May this year. Hyderabad Lok Sabha Elections 2024: Dates Owaisi's fate in the year's election is set to be decided soon, with the Election Commission set to announce the schedule for the Lok Sabha polls shortly. There are high stakes at play in this year's general elections, with the Bharatiya Janata Party aiming for a record 400-seat haul in the 543-seat Sabha. Both observers and the general public are gearing up for what is likely to be a tense contest as the opposition tries to stem the saffron tide.

top bond buyers along with an examination of some of the other key numbers that have emerged from the initial data dump. FUTURE GAMING & HOTEL SERVICES Bettor than Rest: A Realty Check for ‘Lottery King The top buyer of electoral bonds is Coimbatore-based Future Gaming & Hotel Services, founded in 1991 by Santiago Martin. The group bought electoral bonds worth Rs 1,368 crore between April 12, 2019, and January 24, 2024.

State Bank of India (SBI) why it had withheld the unique numbers associated with electoral bonds purchased and encashed since April 12, 2019, ordering it to respond on March 18. The alpha-numeric ID can be used to connect the purchaser of an electoral bond with the political party that encashed it. When the SC scrapped the bonds in mid-February on the grounds that they were unconstitutional, it had asked SBI to provide full details of the funding instrument to the Election Commission of India (ECI), which was to then post this publicly. SBI was the sole issuer of electoral bonds. “We can take exception” to the non-disclosure of the bond numbers by SBI, a five-member bench headed by chief justice of India (CJI) DY Chandrachud said Friday. The ECI published the information provided by SBI on Thursday. This related to entities that had purchased electoral bonds during the period in question but didn’t include the unique number. The data shows the entities that have bought bonds, including how much, and the parties that have received money, including the quantity.

imports of yellow peas, which are used in place of chana, beyond April to keep the pulses inflation under control as the yield of chana is expected to be low on account of a decline in acreage and lower productivity, said an official. «Yellow pea imports are expected to help offset the anticipated shortfall in the supply of chana as the domestic crop is projected to be lower than that last year on drop in acreage and weather impacting the yields,» said the official, who did not wish to be identified. In early December 2023, the Centre allowed duty-free imports of yellow peas until March 2024 and later extended it till April as part of efforts to cool the prices of pulses which had kept food inflation high for the past few months.

Signals that Ottawa wants more domestic investment from Canadian public pension funds are being amplified by some members of the business community who argue there’s more these large pools of capital can do to boost Canada’s economy.

Working women in Canada are facing a “pervasive motherhood penalty,” with 70 per cent of employed mothers saying they don’t feel they have adequate support from their employers, according to a new report.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January.

Take heed, advisors. The gold bugs are starting to come out.

Just as the market experienced a considerable spike early this month, tokens could begin to see a drop soon due to the market stabilizing itself. A top crypto analyst has noted that while losses are bound to happen, an intelligent investor at this point should begin seeking out presale tokens for further long-term investment.

political parties under electoral bonds is under examination, although many of these have been frequent donors, paying large sums to political parties through electoral trusts. The latest electoral trust data speaks. Five electoral trusts gave political parties ₹366 crore in 2022-23, including ₹259.08 crore going to the ruling BJP. Megha Engineering and Infrastructure, the second-highest electoral bond giver, also donated Rs 87 crore to Prudent, the richest electoral trust that favours the BJP.

Princess of Wales with her three children. As it turns out, she clumsily edited a family photo hurriedly taken by her husband and put it out on social media. The image was promptly scrutinised by millions of eyes and many embarrassing errors were pointed out, leading to its withdrawal by major news agencies. She issued a statement owning up to the careless editing attempt but ended up stoking even more malicious and wild speculation about not only her health but also her marriage. Their family, of course, is not an ordinary one like ours are. The British royals are subject to far more inspection and judgement than we all are and must be aware of it. Yet they still try to act «normal», which in this case meant posting a picture perfect family photo for Mother's Day. They were not the only ones to put up lovely, laughing photos with the kids for the occasion. Millions did. It almost seemed as if not posting photos may have led to similar speculation in their own much smaller social (media) circles about the absence. That is what probably prompted the Waleses to post that hasty photo even though the princess is recuperating from surgery and may not have felt like getting dressed up (even in jeans and jacket) to be photographed.

Election Commission of India (EC) readies to announce the Lok Sabha poll schedule, suspense persists on Jammu & Kashmir (J&K) assembly elections but the recent EC visit to J&K threw up two clear and opposite views, ET has learnt. Political parties have unequivocally sought simultaneous parliamentary and assembly elections in J&K in their discussions with EC. Many are learnt to have said that if the Centre is looking at a 'One Nation, One Election' plan, it should make a start with J&K which has been without an elected government since the PDP-BJP coalition collapsed in June 2018. However, both the administrative and security establishment have made assessments that indicate that conducting a simultaneous assembly poll will be hugely challenging.

Real Madrid will take on Osasuna in a crucial La Liga match on Saturday as a win can further bolster Carlo Ancelotti’s side' march towards the coveted trophy. Real Madrid is leading the La Liga with 69 points off 28 games. It has a lead of seven points over Girona, eight points over Barcelona. Osasuna has 36 points off 28 games.

EV makers to test the Indian market while they make up their minds on local manufacturing. This was a sticking point in negotiations with Tesla, which wanted import duties lowered as a precondition to investing in the country. GoI was clear that it would not permit dumping of cars manufactured in China.

(Reuters) -Reckitt Benckiser said on Friday it would pursue all options to have a $60 million verdict overturned in a lawsuit related to its Enfamil baby formula in the United States as it stood by the safety of all its products.

official gold imports are roughly 700 t/year, worth around $44.8 bn. Smuggled gold volumes are reported to be around 200-300 t/year, worth $19.2 bn. Gold smuggling takes place via air, sea and road routes and in different forms: bars, powder/dust and paste. To prevent good smuggling, it's important to find out the reasons that allow it. Customs In India, these work out to be 18% for officially imported gold. Direct saving for smugglers is ₹18 lakh for every ₹1 cr of gold smuggled in, which is a little less than 2 kg.