UPS Financial News

Most major banks have a cut-off age of 60 for credit cards, with a few allowing those up to 70 years of age to apply for one. This prevents many senior citizens from getting credit cards even if they fulfill the income and credit score criteria. However, there are workarounds.

Christmas Eve 2024.

Enforcement Directorate has asked officials to not rely just on the provision of "criminal conspiracy" while registering a money laundering case, but also add more sections such 66(2) of the PMLA to ensure they stand the court scrutiny, official sources said Monday. The directions come after multiple recent court rulings, including by the Supreme Court, stated that section 120-B of the IPC (now 61(2) of the Bharatiya Nyaya Sanhita, 2023) cannot be a standalone "predicate offence" for registering a criminal case under the Prevention of Money Laundering Act, and that a "scheduled offence" under the PMLA should accompany its application.

Subscribe to enjoy similar stories. MUMBAI : Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi-National Capital Region (NCR) and narrow operations to markets where it can create a niche as a ‘net zero’ developer. “We have exited two cities completely, Nagpur and Hyderabad, and we are holding back any investment in Delhi NCR right now," said Amit Kumar Sinha, managing director and chief executive at Mahindra Lifespace.

Subscribe to enjoy similar stories. China’s oil demand is nearing a turning point as electric vehicles take a growing share of its vehicle market, the world’s largest. The country has long been the thirstiest consumer of crude.

Auto expert Mike Caudill joins 'Cavuto: Coast to Coast' to discuss the likelihood of a merger between Honda and Nissan and how it could impact the brands.

In a ‘Handbook notice', the regulator said it had made «technical amendments to remove a barrier that currently makes it hard for NURS to invest in LTAFs». The previous rules permitted NURS to invest up to 20% of its portfolio into units of one or more LTAFs, as long as each LTAF does not in turn invest more than 15% of its portfolio into any kind of collective investment scheme (CIS). Aviva Investors launches private debt LTAF The FCA referred to these CISs as ‘second schemes' and referenced industry feedback, which claimed that since LTAFs typically make a significant proport...

A Shiv temple in Ludhawala, a predominantly Muslim locality in Muzaffarnagar under the jurisdiction of Kotwali police station, reopened on Monday with a havan ceremony. Local Muslims welcomed the Hindu devotees, showering flowers on their procession as a gesture of harmony.

Shares of Tech Mahindra Ltd.(up 1.57 per cent), MphasiS Ltd.(up 0.92 per cent), Wipro Ltd.(up 0.89 per cent), Persistent Systems Ltd.(up 0.55 per cent) and Coforge Ltd.(up 0.39 per cent) ended the day as top gainers in the pack.

These high-performing stocks that rallied more than 10% during the session included, 52 Weeks Entertainment(14.36%), Fmec International Financial(13.89%), Indokem Ltd(13.79%), Amber Enterprises(12.68%), Star Cement(11.18%), Ventura Text(11.15%), Maris Spinners(10.62%), Prag Bosimi Syn(10.14%), PVV Infra(10.00%) and Ishaan Infrastru(10.00%).

The NSE Nifty index ended the session 165.96 points up at 23753.45, while BSE Sensex 498.58 points to 78540.17.

Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from reliance on fossil fuels

Shares of MRF Ltd.(up 1.79 per cent), Bharat Forge Ltd.(up 1.59 per cent), Balkrishna Industries Ltd.(up 0.96 per cent), Ashok Leyland Ltd.(up 0.77 per cent) and Eicher Motors Ltd.(up 0.34 per cent) ended the day as top gainers in the pack.

fixed deposits are preferred methods to save money. FDs are considered a reliable way to increase your investments as they provide fixed returns. Fixed deposits provide stability and security in contrast to stock market investments, which are susceptible to changes in market conditions.

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, expects markets to consolidate in a range for the next few months and that will help bring valuations to the fair value zone. Talking about key trigger ponts to take the market higher, Jaipuria says accelerating government spending could benefit the economy. Favorable monsoon conditions have led to a successful crop yield, increasing farmers' income and spending. Additionally, the recent CRR cut by RBI will inject around Rs 1 lakh crore into the financial system, likely boosting earnings in the upcoming March quarter. In this market, he is focusing on financials and pharma stocks. Markets have been quite volatile for the last three months. We have seen a sharp fall. We have recovered from the lowest that we had seen, but we are still considerably away from the high levels of 2024. Are the valuations reasonable enough for investors to put in their money or is it more consolidation going forward? Jyotivardhan Jaipuria: When we are looking at the fall over the last three months, what we remember is that the market had a sharper rally this year than for the last three-four years.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman is set to present her second comprehensive budget after the 2024 general elections. The budget proposals are expected to focus on the ongoing theme of helping India transition to the envisioned "Viksit Bharat" of “Amrit Kaal." Hence, the focus will be on employment generation, skill development, and providing relief to a large mass of people distressed by inflation, with the overall objective of pushing up the GDP growth rate.

Subscribe to enjoy similar stories. Some are calling it a “Lost Decade." More than 10 years into the Xi Jinping era, it has become clear that much of China’s growth under his watch was driven by unsustainable borrowing, real estate speculation and investments in factories and infrastructure the country didn’t really need. Difficult reforms that could have unlocked more durable growth, such as steps to increase consumer spending, were neglected in favor of policies designed to bolster Communist Party control.

Subscribe to enjoy similar stories. Most of one wall was a high-tech digital screen. The very large room was designed for meetings that many would join online.

Subscribe to enjoy similar stories. North Korea and Russia are deepening their military cooperation, as Pyongyang ramps up the supply of arms to Moscow for the war in Ukraine and receives much needed cash and oil from the Kremlin in return. Recent satellite images show that North Korea is shipping more munitions to Russia and is expanding arms production at home to churn out the weapons Moscow needs to feed its voracious war machine.