UPS Financial News
20.03 / 14:05
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The fossil fuel industry gets its revenge on green activists
Subscribe to enjoy similar stories. The oil-and-gas industry is landing blow after blow against climate activists. The Trump administration has cranked out approvals of major projects to ship liquefied natural gas from the Gulf Coast and killed a host of climate-related initiatives.
20.03 / 13:13
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'First send Elon Musk's mother to Mars if you want me to...': Neil deGrasse Tyson's jab at SpaceX CEO
Elon Musk's travel to Mars will be deemed safe after tech mogul's mother visits the red planet. Neil deGrasse Tyson doesn't think very highly of tech billionaire Elon Musk's desperate desire to send humans to Mars and the two have been at loggerheads over the topic for long. In an exclusive interview to NDTV, Neil deGrasse Tyson cracked the joke while speaking about the future of space tourism and if he was interested. «I joke about this — if you want me to get on an Elon rocket, I'll say first have him send his mother to Mars and back. Then I will go and know it's safe,» he told NDTV when asked about space exploration. ALSO READ: US recession chances thrice the normal rate now? Harvard Professor sounds alarm amid Trump's tariff initiative
20.03 / 13:13
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White House embarrassed and fact-checked on Live TV after incorrectly labeling judge who blocked Donald Trump’s order as Obama appointee
Alien Enemies Act of 1798, a law allowing the removal of foreign threats. Leavitt accused Boasberg of being a “Democrat activist” appointed by Obama and claimed his wife donated heavily to Democrats. But NBC reporter Garrett Haake quickly corrected her: Boasberg was actually appointed by George W. Bush. Leavitt doubled down, arguing Trump has authority to deport “foreign terrorists,” but the awkward moment highlighted her shaky grasp of facts.
20.03 / 12:49
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Buy the world: Devina Mehra’s advice for Indian investors
They say, ‘Home is where the heart is’. When it comes to money, however, Devina Mehra, founder and chairperson of securities firm First Global, strongly feels that part of it should be parked outside of the home country.
20.03 / 11:13
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Two-thirds of ₹43 lakh crore tax demand 'difficult' to collect: Income Tax Dept
direct tax demand is «difficult to collect», Income Tax Department has informed a Parliamentary panel. When the Standing Committee on Finance expressed concern over the huge arrears of demand and desired to know the possible steps, including a moratorium, that can be taken to address this, the Chairman of CBDT told the panel that arrears are a cause for concern. «We have around Rs 43,00,000 crore of arrear demand which is a cause of concern for us. Partly, this is a legacy issue. This arrear pertains to mid-90s also because earlier what used to happen was there was essentially a manual registers that we were keeping,» the CBDT Chairman told the panel. The report of the Standing Committee on Finance has been tabled in Parliament. The Revenue Secretary informed the panel that a lot of this demand is also «fictitious». The Committee found that in respect of Direct Taxes, Rs 10,55,906 crore tax arrears are pending for five or more years.
20.03 / 11:13
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Stock market update: Sugar stocks down as market rises
DCM Shriram Industries Ltd.(up 4.10%), Bannari Amman Sugars Ltd.(up 3.82%) and Balrampur Chini Mills Ltd.(up 0.22%) stood among the top gainers.
20.03 / 11:13
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Stock market update: Mining stocks mixed as market rises
Oriental Trimex Ltd.(up 5.02%), Gujarat Mineral Development Corporation Ltd.(up 1.44%), Ashapura Minechem Ltd.(up 1.25%), The Orissa Minerals Development Company Ltd.(up 0.24%), Coal India Ltd.(up 0.14%), Madhav Marbles & Granites Ltd.(up 0.05%) and NMDC Ltd.(up 0.02%) stood among the top gainers.
20.03 / 11:13
20.03 / 11:13
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Meet Pavel Stepchenko: Russia's youngest pensioner at 23, thanks to legal loophole & pension hack
Pavel Stepchenko. This young man from Russia has made headlines for becoming the country’s youngest-ever pensioner, according to a report by odditycentral.com. How, you ask? Well, it’s not just about hard work and savings—it’s a combination of clever legal loopholes and a dash of Russian pension law wizardry. Pavel’s story begins when he was just 16 years old.
20.03 / 11:13
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Stock market update: Nifty Auto index advances 1.42%
Shares of Bharat Forge Ltd.(up 5.14 per cent), Bajaj Auto Ltd.(up 2.57 per cent), Eicher Motors Ltd.(up 2.52 per cent), Hero MotoCorp Ltd.(up 1.71 per cent) and Exide Industries Ltd.(up 1.58 per cent) ended the day as top gainers in the pack.
20.03 / 11:13
20.03 / 11:09
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The great AI reboot: Educators, techies and leaders all need to adapt fast
Subscribe to enjoy similar stories. On 30 November 2022, technology started talking back. It was the day when OpenAI unleashed ChatGPT into the wild.
20.03 / 11:09
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Debt issuance by governments of rich countries to hit record high, OECD says
Subscribe to enjoy similar stories. Governments in rich countries are set to issue a record $17 trillion in bonds this year as the higher cost of refinancing existing debts continues to push their interest bills higher, the Organization for Economic Cooperation and Development said Thursday.
20.03 / 09:31
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Sundar Pichai on Google's massive $32 billion Wiz deal: 'We don't make deals like this...'
This is the company's largest acquisition in its history. Google CEO Sundar Pichai and Google Cloud CEO Thomas Kurian reached out to employees telling them «why, and why now» in internal memos, as per Business Insider. An email was sent to Google staff on Tuesday in which the tech giant's top bosses explained why the company plans to spend $32 billion to acquire the cybersecurity startup, which marked the year's biggest deal so far — and the biggest deal of all time for Alphabet. ALSO READ: Trump's big crackdown on University of Pennsylvania over trans athlete policy: Story in 10 points
20.03 / 08:49
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Dani Rodrik: Will America Inc and US academia protest Trump policies?
Subscribe to enjoy similar stories. America’s prodigious wealth and power are founded on two pillars: universities and businesses. The first produces the ideas, research and training that have made the country a Mecca for the world’s best minds.
20.03 / 08:37
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Bengaluru to charge 100% penalty on unpaid property taxes starting April 1
Any unpaid property taxes will incur a penalty equal to the pending tax amount, along with an interest rate of up to 15% annually, making it essential for property owners to pay before the penalty system is enforced on April 1. This stringent penalty structure comes as part of the BBMP's efforts to collect outstanding taxes for the 2024-25 financial year. According to the report, Special Commissioner for Revenue, Munish Moudgil, has directed zonal officers to take immediate action to recover dues before the penalty comes into effect. So far, BBMP has collected Rs 4,604 crore, reaching 88.4% of the target.
20.03 / 07:45
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Bears bail as inflows boost Indian rupee to near two-month high
Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. The rupee touched a high of 86.2075, its best since January 24, marking a 1.2% appreciation over the past seven trading sessions. The currency was last quoted at 86.29, up 0.2% on the day.
20.03 / 07:45
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Efforts on to settle issue of recovery of mining royalty, tax dues with certain states: Centre to SC
tax dues on mineral rights and mineral-bearing lands between it and several mineral-rich states. The top court meanwhile deferred to April 24 the hearing on subsequent pleas of several mineral-rich states like Jharkhand seeking to recover royalty and tax dues on mineral rights and mineral-bearing lands worth thousands of crore of rupees from the Centre and the mining firms. A special three-judge bench comprising Justices Abhay S Oka and MM Sundresh and Ujjal Bhuyan said it will decide on the sequence in which the pleas of several mineral-rich states would be heard. Solicitor General Tushar Mehta, appearing for the Centre, said efforts were on to find a settlement of the issue and the pleas may be listed in the first week of May.
20.03 / 07:45
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War
France to develop new nuclear air base armed with Rafale F5s, hypersonic missiles
Rafale fighters armed with hypersonic nuclear missiles by the middle of the next decade to counter what it believes is the Russian threat from the east. Just days after proposing a nuclear umbrella to Europe in the event of US President Donald Trump withdrawing from the NATO military alliance, French President Emmanuel Macron on March 18 announced that an air base near the German border will have Rafale F5 combat jets armed with Air-Sol Nucleaire de 4eme Generation (ASN4G) hypersonic nuclear missiles. «By 2035, Luxeuil-Saint-Sauveur Air Base will be the first base to host the latest version of the Rafale fighter jet with a hypersonic nuclear missile, symbolising the renewal and modernisation of our nuclear deterrent forces that has begun.
20.03 / 07:45
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Glorifying invaders act of treason, 'new India' won't accept it: UP CM Yogi Adityanath
Yogi Adityanath on Thursday said glorifying invaders who attacked India's heritage and dishonoured its people was equivalent to treason, which the 'new India' will never accept. Amid the ongoing controversy over demands to remove Mughal ruler Aurangzeb's tomb in Maharashtra's Chhatrapati Sambhajinagar district, Adityanath warned against celebrating historical figures who sought to destroy Sanatan culture. Addressing a public gathering in Bahraich, Adityanath said, «Glorifying invaders means strengthening the very roots of treason. New India will never accept those who insult our great ancestors and praise those who attacked our civilisation, violated our women, and struck at our faith.» «When the entire world is acknowledging India's rich heritage, it is the duty of every citizen to uphold respect for our great leaders, and not eulogise those who sought to erase our identity,» he added. Adityanath's remarks came as he spoke on the recently-concluded Maha Kumbh in Prayagraj, which he called «the largest human congregation ever witnessed». He also referred to Narendra Modi's recent speech in Parliament, in which the prime minister praised Uttar Pradesh for hosting the event for which «over 66 crore devotees» gathered at the confluence of Ganga, Yamuna and the mystical Saraswati.
20.03 / 07:45
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security
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stage
Pre-seed venture investor All in Capital launches second fund, aims to raise Rs 200 crore
Pre-seed venture fund All in Capital, which has backed startups such as Giva, Newme, PierSight Space, and Seekho, has launched its second fund with the target of raising Rs 200 crore, along with a greenshoe option for another Rs 100 crore. The venture capital firm, founded by former Upgrad executive Kushal Bhagia with Aditya Singh, has already marked the first close of fund II at Rs 85 crore, securing investments from Indian tech founders, family offices, and a few institutional funds of funds across India and overseas. It plans to announce the final close by the end of this year. Through this fund, the Bengaluru-based firm plans to invest in 50 startups over the next three years, with an average cheque size of up to Rs 5 crore.
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