UPS Financial News
23.01 / 17:55
23.01 / 17:55
UPS
Provident
Extreme
track
consequences
Millennial Money: Tackle overdue taxes this year
If you have unpaid or unfiled taxes, the start of a new tax season and the looming reminders of debt might fill you with dread
23.01 / 17:55
UPS
Inside
information
Courts
Investigations
Miami attorneys bankrolled DEA bribery scheme, federal prosecutors say
Federal prosecutors are expanding their investigation into a bribery scheme involving two former U.S. Drug Enforcement Administration supervisors, turning their attention to two Miami defense attorneys suspected of profiting from repeated leaks of conf...
23.01 / 17:55
23.01 / 17:31
UPS
Citi
Citizens
Assurant
security
country
Features
GIFT City’s lenders are now banking on FDs to lure NRIs
Mint that the response to the scheme from NRIs has been overwhelmingly good. “The response from the customers is also very good and we see good traction getting built up, as customers have the flexibility of planning their short-term cash flows starting from 7 days, which is a unique feature that customers can’t get in the FCNR (B) deposits at the domestic branches," said the Federal Bank spokesperson. Earlier, most of these banks relied mainly on institutional depositors and borrowings from their parent companies for capital requirements.
23.01 / 17:31
COST
UPS
security
show
Equality
record high
Direct tax-GDP ratio hits record high in FY23
NEW DELHI : Direct tax revenue as a share of gross domestic product (GDP) touched a record 6.1% in FY23 amid a strong growth in mop-ups and an increase in the number of tax payers, the Central Board of Direct Taxes (CBDT) said on Tuesday. The share of women in the total number of Permanent Account Numbers (PAN), needed for a host of financial transactions, also improved to 41% at the end of March 2023, up from 37.2% at the end of March 2019, suggesting increased participation of women in financial activity, data shared by CBDT showed. Women in the age group of 20-40 years accounted for close to two-fifths of all PAN numbers issued by the end of March 2023.
23.01 / 17:31
UPS
FIVE
security
Enterprise
wellness
Trade
stake
Burmans get CCI approval to buy stake in Religare
Religare Enterprises by entities controlled by the Burman family, as well as a subsequent open offer to buy up to another 26% of the financial services firm. The provisions have been approved under the Securities and Exchange Board of India Regulations, 2011, the competition watchdog said in a statement. In September 2023, the Burman family, which owns consumer goods company Dabur India, signalled its intention to acquire a 5.27% stake in the financial services company for ₹407 crore, which would take their shareholding to over 26%, triggering an open offer.
23.01 / 17:31
markets
UPS
Digital
security
Courts
It is time to follow Sebi’s lead on online dispute resolution
Over the past decade-and-a-half, I’ve had the good fortune of having witnessed India’s rapid digitization from the sidelines. As exciting as it has been to see this transformation from up close, I’ve felt a mild sense of unease about what will happen if things go wrong. Given how frustratingly analogue our dispute resolution process is, it will matter little that we have streamlined our commercial interactions if we still settle disagreements the old-fashioned way.
23.01 / 17:31
UPS
Citi
Fighting
students
Universities
Videos
Bharat Jodo Nyay Yatra: FIR registered against Rahul Gandhi, others for damaging public property in Assam
ALSO READ: Clashes erupt between Congress workers, and police during Bharat Jodo Nyay Yatra | Watch video Addressing party supporters on the outskirts of the city, Rahul Gandhi had said, "We have broken barricades, but will not break the law". “You should not think we are weak. We have broken the barricades.
23.01 / 17:28
UPS
Booking
Election
Opinion
Death
President
2020
Joe Biden chose Kamala Harris as running mate in 2020 election under pressure from Barack Obama, reveals book
Kamala Harris was not Joe Biden's first choice as his running mate because he knew that she was not up to the job. He preferred Michigan Gov. Gretchen Whitmer as his running mate in 2020 but succumbed to public pressure. Veteran Washington journalist Charlie Spiering has made this startling revelation in his book 'Amateur Hour: Kamala Harris in the White House'. He has written in the book that Biden chose Harris days before that year’s virtual Democratic National Convention after promising to select a woman. He also wrote that Biden chose Kamala Harris under pressure from former President Barack Obama.
23.01 / 17:28
markets
UPS
Platform
community
trends
social
prevention
Community Driven Content in Web3: Hype or the Next Big Trend?
One of the big selling points of the Web3/Crypto movement is that of decentralization. This can mean different things to different people, with some focusing on the security benefits of avoiding threats from within, others focusing on the trustless aspects that allow strangers to work together from across the world, and others focused on the benefits of a DAO that gives collective direction to the platform’s future. However, there is one other selling point that can be overlooked in Web3: Community Driven Content.
23.01 / 17:28
23.01 / 17:28
23.01 / 17:26
UPS
Research
Universities
country
electronic
Department
22 Indian-origin scientists to take up collaborative research with institutes in country
Science and Technology Minister Jitendra Singh made the announcement here in the presence of NITI Aayog member V K Saraswat, Principal Scientific Advisor A K Sood and Department of Science and Technology (DST) Secretary Abhay Karandikar. The VAIBHAV or Vaishvik Bhartiya Vaigyanik fellows are from the topmost institutes of Australia, Canada, Finland, Japan, Singapore, Sweden, Switzerland, the UK and the US, and will work with Indian institutes such as IISc, IUCAA and the IITs for the next three years on jointly identified projects.
23.01 / 17:19
markets
COST
UPS
Fighting
economy
trends
show
Bank of Canada readies for its 1st rate decision of 2024. Here’s what to know
As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin.
23.01 / 17:16
COST
UPS
Provident
reports
Axing GST on carbon pricing could cost $1B in lost tax revenue: watchdog
A Conservative bill to remove GST from Ottawa’s carbon pricing plan could eventually lead to $1 billion in lost tax revenue, the parliamentary budget officer (PBO) says.
23.01 / 17:12
markets
UPS
Provident
reports
Interviews
International
Axis Bank expects personal loan growth to continue
₹65,083 crore as on 31 December. In comparison, ICICI Bank and HDFC Bank witnessed a 37.3% y-o-y and 10.3% y-o-y growth in personal loans. Sumit Bali, group executive and head of retail lending at Axis Bank, said that over 80% of customers in the personal loan segment are existing ones and the bank has quite a bit of their banking history.
23.01 / 17:12
markets
COST
UPS
Booking
MakeMyTrip
travelers
MakeMyTrip uses ₹542 cr to retain users in Q3
₹542 crore, or $66 million, in the third quarter ended December 2023. During the same period last year, the expenses incurred by the company to attract or retain customers, such as discounts, promotions, signing bonuses, or other incentives, stood at $60.7 million. Similarly, marketing and sales promotion expenses for the travel operator also shot up 25% in the third quarter of FY24 ended 31 December to $36.1 million from $28.9 million in the corresponding quarter ended a year prior.
23.01 / 17:11
UPS
Qualcomm
Sony
Features
Videos
OnePlus 12R with Snapdragon 8 Gen 2 SoC launched in India, price starts at ₹39,999
OnePlus has launched its OnePlus 12R smartphone series in India, powered by the Snapdragon 8 Gen 2 chipset and will be available at a starting price of ₹39,999. The smartphone was launched at the Smooth Beyond Belief event along with the OnePlus 12 and OnePlus Buds 3. The OnePlus 12R features a 6.78-inch AMOLED ProXDR display with support for LTPO4.0, meaning the smartphone can run from 1-120Hz depending on the app running.
23.01 / 17:11
markets
UPS
Progressive
DOW
MSCI
reports
Stocks make little progress, dollar rises against yen after BoJ decision
By Sinéad Carew and Amanda Cooper
23.01 / 16:05
UPS
Election
film
President
Actor
Uddhav Thackeray warns UP CM Yogi to be cautious of BJP's 'use and throw policy'
Shiv Sena President Uddhav Thackeray in a party rally in Nashik cautioned Uttar Pradesh Chief Minister Yogi Adityanath that the Bharatiya Janata Party leadership would ‘shunt’ him out the same way as former Madhya Pradesh Chief Minister Shivraj Singh Chouhan. “The BJP leadership has a use and throw policy, they used Devendra and then they threw him away, they will do the same way with Eknath Shinde, they sidelined Vasundhra Raje in Rajasthan, in Madhya Pradesh they shunted out Shivraj Singh Chouhan after he won the state. I am now afraid for Yogi(Uttar Pradesh Chief Minister), it is time for him to be cautious, once the MP’s are elected in his state, they may shunt him out too.”said Thackeray while addressing a rally in Nashik. Thackery claimed that the BJP leadership had ‘used’ the Shiv Sena leadership when the BJP was going through a ‘tough’ time and then dumped it. Thackeray who heads the Uddhav Balasaheb Thackeray faction of the Sena claimed that the BJP had not done anything in the last ten years and hence it had resorted to use the name of ‘Lord Ram’ to win votes.
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