UPS Financial News

A new partnership between philanthropy-focused fintech Charityvest and faith-based wealth firm OneAscent will allow the latter’s financial advisors and their clients to access a new charitable giving solution.

Arm Holdings Plc is extending a big rally in the wake of last week’s blockbuster earnings report that showed artificial intelligence spending is bolstering sales. The chip designer’s shares soared as much as 42% on Monday on volume that was more than six times the average over the past three months. The advance briefly pushed the stock’s gains to more than 100% in the three trading sessions since Arm’s results were released after markets closed on Feb. 7.

National Payments Corporation of India (NPCI) and banks in the US and India are in advanced stages of discussions to flesh out a real-time payment linkage between the US and India, said people aware of the developments. The plan seeks to build on the domestic payments body's inroads in setting up cross-country systems. Within the ecosystem of the unified payments interface (UPI), the NPCI is working with Indian banks that have experience with the system as well as foreign banks to develop use-case models and testing pilots, the people cited above told ET. «NPCI is working along with Indian banks and foreign banks to see how they can partner. In addition to talking directly to FedNow or their UPI equivalent on how to connect, they also need the large US banks to partner so that the use-case, testing, etc happens. The process is in advanced stages,» a person said.

Super Bowl a national holiday. Well, not the actual game, but the day after. As the Super Bowl spectacle shines ever brighter, so have reports of people not showing up for work on the Monday after the NFL crowns its champion.

LCA) is likely to be ready for delivery by next month and work on an even more capable version is underway, with production likely to commence by 2027, senior defence officials have told ET. The LCA Mk1A, which was cleared for procurement by the Centre in 2021, will add the much-needed numbers to the fighter jet strength of the Air Force and is much more capable than the earlier version, as it is equipped with new age radars, electronic warfare systems and mid-air refuelling features. Officials said that the project is on track to meet the deadlines and the first of the 83 LCA Mk1A jets on order is likely to be ready by next month. By August this year, at least four of the jets are likely to be delivered. Production could taper down next year as there have been some delays in deliveries of engines for the jets but efforts are being made to minimise the gap.

Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the third largest oil and gas producer in the region behind Exxon and Chevron, with the latter also having announced recent deals.

Arvind Virmani was chief economic adviser. A growth collapse was averted and our economy emerged from the crisis quickly. Sustaining the recovery required careful handling.

Almost a year after the mini banking crisis in the US, it is worth revisiting the episode. Was it just a tempest in a teacup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the US Federal Reserve and Treasury worry or comfort us? Recall that three mid-size US banks suddenly failed around March 2023. The most prominent was Silicon Valley Bank (SVB), which became the second-largest bank failure in US history (after Washington Mutual in 2008).

Bitcoin may be stealing the headlines after crossing above $50,000 for the first time since late 2021 on Monday, but for investors looking to turn a quick profit, smaller altcoin rivals might be the best crypto to buy today.

Reuters on Monday. The drivers, considered independent contractors, have accused the platforms of taking disproportionately high amounts as commissions. The Justice For App Workers coalition, representing about 130,000 drivers and delivery workers, said its drivers would not provide rides to and from airports between 11 am and 1 pm in 10 U.S.

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. Instead of concentrating on its domestic market, it should become regionally competitive and export-driven. That would mean recognizing that Vietnam, not China, is its biggest rival.

Join us as we delve into the world of the best baby walkers, designed to accompany your little one on their journey of growth and discovery.

Farmers' 'Delhi Chalo' march: Section 144 imposed, barricades and barb wires put up and traffic advisories issued — Delhi and Haryana authorities have stepped up their preparation to deal with the farmers 'Delhi Chalo' protest scheduled to take place on Tuesday, February 13. Thousands of farmers plan to march towards the national capital during their 'Delhi Chalo' protest on February 13.

Markets are eagerly awaiting the first rate cut from the Fed, and all eyes will be on inflation data tomorrow.

Investing.com -- U.S. stocks mostly held around the flatline on Monday, as investors geared up for a week of key economic data releases and a slew of quarterly corporate earnings.

By Michael S. Derby

Bitcoin (BTC) bears are taking a bruising on Monday as the price powers above $50,000, as BTC continues its momentum after posting its strongest weekly close since December 2021 on Sunday.

manufacturing sector whose share in India's GVA continues to languish at about 17.4% which is less even than the share of agriculture. The government's persistent efforts to invigorate this crucial segment have led to the introduction of various initiatives, and at the forefront is the Production Linked Incentives (PLI) scheme under the flagship Atmanirbhar Bharat Abhiyaan. The PLI scheme, conceived with the aim of overhauling domestic manufacturing, seeks to amplify capacity and competence and create global champions.

: Vedanta, the largest aluminium producer in India, will soon become the lowest cost producer of the silver-white metal in the world as the company works on backward integration of its supply chain, including acquisition of more coal mines, according to John Slaven, the chief executive of the company’s aluminium business. The company also has firm plans of expanding its production capacity to 3 million tonnes (MT) a year from 2.4 MT at present in 18-24 months. It is also working on expanding capacity “significantly beyond that," Slaven said.

₹200,000 each also hiked stake in the bourse to 3.62% in the December quarter from 3.49% in the preceding quarter. Of the total equity stake held by HNIs, veteran investor Radhakishan Damani kept a 1.58% stake. The hike in the share of resident entities is borne by huge transfers of NSE shares from non-residents and foreign-controlled Indian entities (ind-irect foreign investment) to residents in December.

After years spent challenging Canada’s Big Three telecom firms, the founder of Freedom Mobile is now bringing his playbook to what he calls the country’s banking “oligopoly.”