UPS Financial News

The Bank of Canada held its key overnight interest rate at five per cent Wednesday, with governor Tiff Macklem declaring it’s “still too early” to consider lowering the policy rate.

Canadians don’t seem as reluctant to return to the office these days, but they still have some beefs about the way their on-site workspaces are set up.

TORONTO — Royal Bank of Canada plans to ramp up its renewable energy funding, even as it also reported little progress on reducing the emissions intensity of its oil and gas financing.

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When he was wheezing in Chennai, Ravichandran Ashwin’s mother had him give up the long run and bowl slow. Now, 507 Test wickets later, it’s safe to say mother knows best. And when he addressed the media before his landmark game in Dharamsala, Ashwin made the familiar if unusual gesture, acknowledging the sacrifices his family had made in allowing him to ply his trade as an India cricketer.

India has commissioned a new naval base "INS Jatayu" in the Lakshadweep islands to significantly upgrade its military capacity. The base will be the nearest major military installation to the Maldives. INS Jatayu, which was commissioned on Minicoy Island on Wednesday, is the second naval base on the island chain and will be co-located with a joint airfield that is to come up in the future. The closest land to Minicoy is Thuraakunu Island in Maldives, which is located at a distance of about 100 km to the south, across the Vangaaru Channel. The new base was inaugurated by Navy Chief Admiral R Hari Kumar who said more assets will now be based on the island. Officials added that it will significantly augment India's surveillance capabilities in the region.

Congress central election committee (CEC) meetings are slated to begin from Thursday to choose candidates for the Lok Sabha polls, the party circles are abuzz with talks of Priyanka Gandhi Vadra contesting from Raebareli, vacated by Sonia Gandhi to move to Rajya Sabha, and her brother Rahul Gandhi again from both Wayanad and Amethi seats. AICC is likely to announce its first list on Thursday, including that of Kerala where LDF and BJP candidates are already campaigning. The appearance of posters in parts of Raebareli on Wednesday reading 'Rae Bareli pukarti, Priyanka Gandhi ji aaye' (Raebareli calls, Priyanka Gandhi come), statements by local Congress leaders in favour of the siblings' candidatures and UP Congress unit's appeal and proposal before the screening committee for the duo to fight from the family seats added to the buzz. AICC has made no official comments yet. Some leaders also pointed out that it would be ultimately, as has been, a decision of the family.

ITC has premiumised the personal care business with the contribution of premium products to sales doubling in the last four years to 38% and accounting for about two-thirds of all the new products launched in the last two years, said the divisional chief executive for the business Sameer Satpathy. This focus on premium products has also helped ITC break even in the personal care business that is now generating profit consistently quarter on quarter, analysts said. While Satpathy refused to specifically comment on this, he said this focus on premiumisation has a positive impact on the bottom line by improving margins.

Many large public companies will eventually have to report climate-related risks under a final rule passed by the SEC today – but the requirements are significantly more limited than what the agency initially proposed and what climate groups wanted.

Also Read: US sanctions threaten Russian oil sales to India; complicate process for OMCs to secure annual deals: Report Oil has found support in 2024 from rising geopolitical tensions and Houthi attacks on Red Sea shipping, although concern about economic growth has weighed. While OPEC+ was widely expected to keep the cuts in place, Russia's announcement could bolster prices further. -Boost crude oil prices: The oil supply cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty.

₹91,000 crore, is projected to produce 3 billion chips annually, in 28 nanometers (nm), 50nm, 55nm, and 90nm 'nodes', Vaishnaw added. Experts said the move could mark the beginning of India's evolution as a market that not only produces components, but also manufactures indigenous products. “Almost everything is imported today.

MUMBAI : Public-sector bankers who would hang up their boots at the end of a long career are increasingly joining boards of private-sector banks, which are welcoming these experienced hands to help navigate a demanding compliance landscape. To a smaller extent, state-run banks are also seeing a similar influx from the private sector, as they seek complementary skills to compete better for customers. Boards of several top private banks are led by former public-sector officials, either from the Reserve Bank of India (RBI), or the civil service.

Specifications of Voltas Grand 72E Desert Air Cooler Brand: Voltas Airflow: 3400 cubic meters per hour Tank capacity: 72 litres Wattage: 190 Watts Features: 3-speed fan, honeycomb cooling pads, castor wheels, water level indicator, works on inverter power 2. Voltas Grand 52 Desert Cooler The Voltas Grand 52 Desert Cooler in Off-White provides a robust cooling solution for spaces up to 40 square feet. With a sizable 52-litre reservoir capacity and a 3-speed fan, it delivers efficient cooling.

NEW DELHI : The Competition Commission of India (CCI) on Wednesday gave effect to two schemes under which it will offer negotiated settlements in antitrust cases and accept commitments from businesses for change in their behaviour in order to avoid an investigation. The sought after commitment and settlement schemes were added to the Competition Act last year itself by way of legislative amendments.

The New York Times, Donald Trump on Sunday met Musk and a number of wealthy Republican donors. It is said that Trump is hoping to have a "one-on-one discussion" with the SpaceX CEO. However, the owner-executive chairman of X (formerly Twitter), took to his microblogging platform to clear that he is not funding either the Republicans or the Democrats for the upcoming US Presidential elections.

Equipped with inverter compressors for energy efficiency, PM filters for clean air, auto restart function for convenience, copper condensers for durability, and self-diagnosis capabilities for easy troubleshooting, these AC units offer everything you need for a refreshing indoor environment. In our comprehensive article, we have also included the pros and cons of each model, allowing you to make an informed decision tailored to your specific cooling requirements. Get ready to beat the heat and embrace the comfort of summer with these air conditioners.

Russia expanded its share in India's crude oil imports to 32% in February from 27% in the previous month, little affected by Red Sea tensions and helped by rising demand from state-run refiners in India. Saudi Arabia became India's second-largest crude supplier in February, with its share rising to 19% from 14%. Iraq was a key loser, falling to 18% from 24%. In November, Russia had a share of 35%, which fell in both December and January before recovering in February. State-run refiners accounted for 61% of total 1.41 million barrels per day (mbd) of crude India received from Russia in February, according to energy cargo tracker Vortexa. These companies' combined share expanded from 52% in January as their daily import volume jumped by a quarter in a month while private sector refiners' intake fell by 12%.

PMSL) has initiated a secondary sale of shares in the company as the “family is looking for liquidity for specific needs”, the automobile manufacturer said in a filing with the stock exchanges on Wednesday. The company made the filing as a clarification to a news item on the sale of shares by its promoters. “Post transmission of shares of PMSL held by the former chairman of M&M, late Mr Keshub Mahindra (who passed away on 12th April 2023), to his family members, the family is looking for liquidity for specific needs, and hence proposes to sell a small number of shares held by PMSL in M&M,” the filing said. “The family shall continue to retain the status of the promoter group of M&M and there is no intention to sell further shares in the foreseeable future.”

U.S. Bank Wealth Management senior vice president Lisa Erickson looks ahead to this week's retail earnings and Fed Chair Powell's testimony on Capitol Hill.

Hunt said the Office for Budget Responsibility expects GDP growth to average 0.8% this year, compared to the previously forecast 0.7% growth in the OBR's November 2023 estimate, and the Bank of England's latest prediction of 0.2% growth.  The consensus forecasts among economists was for GDP growth of 0.4%, while think-tank Capital Economists had predicted no growth.  The economy is then predicted to grow 1.9% in 2025, 2% in 2026, 1.8% in 2027 and 1.7% in 2028, up from predicted growth at 1.4% in 2025, 2% in 2026, 2% in 2027 and 1.7% in 2028 in the OBR's forecasts in November.  Spri...

Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when.