UPS Financial News

Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year.

As March break kicks off in parts of Canada, hundreds of thousands of Canadians are set to hit the roads and airports this week in one of the busiest travel times of the year.

₹130 per annum on the company's revenue from transaction charges. According to market experts, the NSE's move could potentially drive up volumes, especially at a time when stock markets are hitting record highs driven by foreign capital and economic growth, with high volumes in stock options trading drawing a large number of retail investors.

₹8,500 crore. Further, the roadmap to add over 9 GW of renewable energy capacity also comes at a time when Coal India and its subsidiaries have forayed into thermal power generation amid growing demand for power.

—Name withheld on request Your query infers that you are no longer a person resident in India under the Indian Foreign Exchange Control regime, i.e., Foreign Exchange Management Act (FEMA). We assume that you are now a non-resident Indian (NRI). Sovereign gold bonds (SGBs) issued by the Reserve Bank of India (RBI) can be purchased by resident individuals and even HUFs (Hindu Undivided Families).

QI Research CEO and chief strategist Danielle DiMartino Booth reacts to the ‘Apollo’ article that argues the Federal Reserve will not cut rates in 2024.

Economist Kevin Hassett weighs in on President Biden's proposed 2025 budget on 'The Bottom Line.'

Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs.

Ind-Ra) has released its analysis on the current account balance (CAB) for the third quarter of the fiscal year 2023-24 (3QFY24), projecting a deficit of approximately USD11 billion, equivalent to 1.2 per cent of the Gross Domestic Product (GDP). According to a press release, this forecast represents a marginal increase from the previous quarter's deficit of 1.0 per cent of GDP and marks a year's high, surpassing the deficit recorded in the corresponding quarter of the previous fiscal year (3QFY23: USD16.8 billion, 2.0 per cent of GDP). Sunil Kumar Sinha, Principal Economist at Ind-Ra, expressed expectations for a dip in the current account deficit in the subsequent quarter, attributing this outlook to signs of economic recovery amidst the global economic environment's uncertainties.

Rapido on Tuesday urged the Karnataka government to issue contract carriage permits to two-wheelers and bike taxis, just days after the Congress regime rolled back its 2021 electric bike taxi policy citing its misuse. The Bengaluru-based bike taxi and auto aggregator urged the government to adopt a comprehensive approach in line with the provisions of the Motor Vehicle Act and the recent advisory from the Road Transport and Highways ministry on granting contract carriage permit to two wheelers.

Maruti Suzuki is looking at transporting more vehicles it makes via railways to cut down costs and reduce emissions in line with the government’s push towards clean mobile solutions. The company, along with joint-venture partners, has invested over Rs 1081 crore to commission the country’s first in-plant railway siding at its manufacturing facility in Gujarat, which was inaugurated by Prime Minister Narendra Modi Tuesday. Maruti Suzuki plans to set up similar facilities in Manesar and Kharkhoda (Haryana). Overall, the company said it plans to substantially increase the proportion of cars it transports via railways as it doubles production to 4 million units per annum by 2030, from a little over 21% currently.

Bengaluru on Tuesday, brandishing empty colourful water pots and wearing Siddaramaiah-masks to protest the Congress regime's alleged inefficiency in the face of the water scarcity crisis in the city. Bengaluru south MP Tejasvi Surya slammed the government, accusing it of leaving the people high and dry to appease its ally DMK in Tamil Nadu. “To keep its alliance partners in TN happy, Congress even took steps detrimental to the city, forgetting the interests of residents of Bengaluru…Both CM Siddaramaiah and Deputy CM DK Shivakumar did not even care to visit the affected areas and see how the situation was on the ground,” he said. The leader met with the Bangalore Water Supply and Sewerage Board (BWSSB) Chairman Ram Prasath Manohar after the protest to submit a memorandum regarding the water crisis. “The Congress government in Karnataka does not have any plan of action for resolving this. We've demanded that CM Siddaramaiah and deputy CM DK Shivakumar visit water-stressed areas, come up with a detailed action plan and address the situation on a war footing. We also offered our suggestions to the Chairman on tackling the water crisis in the city,” he posted on social media platform X.

Bitcoin continued its record-breaking rally on Tuesday, boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Simultaneously, its market capitalisation has reached $1.414 trillion, surpassing that of silver to become the eighth most valuable asset in the world.

Bitcoin bounced back after a recent price correction and is now trading above $70,000 this week. The long-term view reveals a strong upward trend since February and a break out of the rising channel, signaling a potential for further rises.

Investing.com — U.S. stocks opened broadly higher on Tuesday, as investors reacted to a faster-than-anticipated U.S. inflation reading. 

Reddit, the prominent social media platform, is setting its sights on a valuation of up to $6.4 billion, the company revealed on Monday. Here are five key things to know:

Last year and in 2024, the media has mainly focused on big companies that grab most of the headlines. But there's more to the stock market than just these giants.

Investing.com — Headline U.S. consumer price growth accelerated in February, while the underlying measure was faster than anticipated, in a sign of sticky inflationary pressures that could complicate the timing of potential Federal Reserve interest rate cuts this year.

Every year, our employers remind us to start planning our taxes. While taxes are often seen as a financial burden, what can make it even more stressful is a lack of understanding about tax planning. Many taxpayers find it challenging to incorporate tax-saving strategies into their financial plans.

Air Canada flight last week, a baby was born mid-air as the plane was forced to divert after a passenger went into early labour.Flight AC Rouge 1879 was flying from St.

BSE data. The retail investors portion has been subscribed 47%, Non Institutional Investors (NII) portion has been booked 11%, and Qualified Institutional Buyers (QIB) portion is yet to be booked. The employee portion has been subscribed 3.83 times.