UPS Financial News

The strength of the US economy has been a key driver of global economic resilience, Treasury Secretary Janet Yellen plans to say Tuesday ahead of meetings with her counterparts from the world’s top economies.

Bank of Nova Scotia missed analysts’ estimates for loan-loss provisions amid growing stress in consumer lending as the Canadian economy weakens as well as higher delinquencies among retail borrowers in its Latin American businesses.

Back in August, I wrote an article called Gold: The Anti-Bubble.

LONDON (Reuters) — Britain's Currys has received an improved 750 million pound ($951 million) bid from U.S. suitor activist investor Elliot Advisors, Sky News reported on Tuesday, pushing up shares in the British electricals group amid hopes of a takeover battle.

₹162 to ₹171 per equity share of face value of ₹10. Platinum Industries IPO lot size is 87 equity shares and in multiples of 87 equity shares. 1.

WPL 2024 RCB vs GG LIVE Score Updates: The women's team of Royal Challengers Bangalore (RCB) is up against the Gujarat Giants' (GG) team in the Women's Premier League (WPL) 2024 match number 5. The WPL 2024 RCB vs GG match starts at 7:30 pm with the toss between the captains of the two teams at M Chinnaswamy Stadium in Bengaluru.

Senior Citizen Savings Scheme (SCSS) have surged to over two times during the current fiscal. During the same time, mobilisation through the Monthly Income Scheme has risen up by four times, reported Business Line. “As of early February, collection through SCSS was around ₹90,000 crore.

Investors who were allotted Mankind Pharma Ltd shares during the initial public offering are a happy lot. After the stellar listing gain of about 32% on 9 May, the stock has continued its upward trajectory, soaring another 48% to date. Mankind derives more than 90% of its revenue from the domestic markets with popular brands such as Manforce (condoms), PregaNews (pregnancy test kit) and Gas-O-Fast (antacid powder) in its portfolio.

In a consultation paper published today (27 February), the regulator set out a number of proposals for a new approach to publicising enforcement investigations. Under the plans, the FCA will publicly announce that it has opened an enforcement investigation into a firm, including the identity of the subject, and publish updates on progress if it considers that it is in the public interest to do so.  The financial watchdog will also be more open about when cases have been closed with no enforcement outcome. FCA opens investigation into Home REIT This marks a departure from the cur...

Zydus Lifesciences on Tuesday said its offer to buy back 59.7 lakh shares at Rs 1,005 apiece, aggregating to Rs 600 crore, will open on February 29. The share repurchase programme will close on March 6, 2024, the drug firm said in a regulatory filing. The company proposed to buy back up to 59,70,149 shares at Rs 1,005 apiece for an aggregate consideration not exceeding Rs 600 crore, it stated.

While the Nifty ended at 22,198, gaining 76.30 points or 0.34%, the 30-stock S&P BSE Sensex closed the session at 73,095, up by 305 points or 0.42%.

Shares of IndusInd Bank Ltd.(up 1.82 per cent), Federal Bank Ltd.(up 1.79 per cent), Au Small Finance Bank Ltd.(up 0.72 per cent), ICICI Bank Ltd.(up 0.57 per cent) and Bank of Baroda(up 0.3 per cent) ended the day as top gainers in the pack.

Shares of Tata Consultancy Services Ltd.(up 2.59 per cent), Persistent Systems Ltd.(up 1.11 per cent), HCL Technologies Ltd.(up 0.55 per cent), MphasiS Ltd.(up 0.45 per cent) and Infosys Ltd.(up 0.21 per cent) ended the day as top gainers in the pack.

Balrampur Chini Mills Ltd.(up 2.08%), Bannari Amman Sugars Ltd.(up 0.28%) and EID Parry(India)Ltd.(up 0.17%) stood among the top gainers.

indicted jailed former Prime Minister Imran Khan and his third wife Bushra Bibi on Tuesday on charges that they allegedly received land as a bribe by misusing his office during his premiership, his party said. The latest charges follow a string of convictions against Khan in the months leading up to the Feb. 8 national election, where his supporters won the most seats overall.

CBI director to file a status report in the Embraer aircraft deal corruption case, noting the probe is not complete even after seven years and no purpose will be served to proceed with the trial with a «half-baked case». The agency had filed a charge sheet against arms dealers Arvind Khanna, advocate Gautam Khaitan and businessman Anup Gupta on June 1 last year in the corruption case where kickbacks to the tune of USD 5.76 million were allegedly paid to swing a three-aircraft deal with the DRDO in favour of the Brazilian firm. The court had taken cognisance of the charges against the accused last year, but the trial could not proceed because the CBI did not apprise the court of how much more time was required to conclude the investigation. Underlining that the investigation is not complete even after seven years of registering the case, special judge Gaurav Rao said, «Let a detailed report be filed by the IO (Investigating Officer), duly forwarded by the Director CBI, as to how much time he requires to conclude the investigation as the reports already filed so far are almost verbatim of the previous reports.»

corruption cases, probity watchdog CVC has suggested «delayering» by limiting the levels of processing and speeding up decision making. The Central Vigilance Commission (CVC) has issued guidelines from time to time, prescribing the time limit for completion of different stages of actions in vigilance related matters. «It has been observed that there are occasions when action in vigilance matters has been unduly delayed. One of the reasons for such delay has been found to be that the levels of examination/processing of vigilance matters are more than the required levels. The levels of processing of vigilance matters in different organisations also lacks uniformity,» the CVC said in an order. It said that in order to avoid delay in vigilance matters, the organisations concerned should review the levels of processing of such matters and should bring down the levels to a maximum of four.

By James Davey

By Stefano Rebaudo

Investing.com — Workday (NASDAQ:WDAY) reported better-than-expected fourth-quarter earnings and detailed plans to acquire human resources group HiredScore in a bid to boost to its artificial intelligence capabilities. 

Investing.com — Zoom Video Communications (NASDAQ:ZM) has reported fourth-quarter results that beat Wall Street estimates thanks to solid demand for its products during a time of increased hybrid working habits.