UPS Financial News

Small businesses are bracing for stiff tariffs that President-elect Donald Trump has proposed as one of his first actions when he takes office

Talk of Donald Trump Jr. joining the board of PSQ Holdings sent shares of the owner of the online marketplace PublicSquare skyrocketing on Tuesday.

Subscribe to enjoy similar stories. A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production to developing-world countries, from Indonesia to Pakistan to Brazil.

Melinda French Gates is offering to match up to $1 million in gifts to two nonprofit organizations to help spur donations on GivingTuesday

ZFunds has secured Rs 25 crore in equity funding led by Elevation Capital along with participation from PB Fintech group chief executive officer (CEO) Yashish Dahiya, in its first major institutional funding round. PB Fintech operates the insurance marketplace Policybazaar and credit marketplace Paisabazaar. ZFunds was founded in 2019 by Manish Kothari and Vidhi Tuteja, who worked at Paisabazaar before starting up. Also Read: ETtech in-depth: Decoding PB Fintech’s bull run on the stock markets

Banking Laws (Amendment) Bill, 2024 was passed on Tuesday in the Lok Sabha during the winter session of Parliament, proposing significant changes to banking regulations. «Banks are being professionally run today. The metrics are healthy so they can go to the market and raise bonds, raise loans & run their business accordingly,» said Finance Minister Nirmala Sitharaman in her address at the Lower House of the Parliament. Among its key provisions, the Bill allows depositors to nominate up to four individuals for their bank accounts or fixed deposits, replacing the current single-nominee system. The move aims to simplify fund distribution after the death of an account holder, a problem which arose during the COVID-19 pandemic.

Nirmala Sitharaman on Tuesday said that Indian banks have remained healthy, adding that we can not afford to have struggling banks. The minister was presenting the Banking Laws (Amendment) Bill in the Lok Sabha. She added that the credit must go to the Reserve Bank of India and the Finance Ministry for the banking system to not have collapsed. «Banks have collapsed in countries having a sound system too,» said Sitharaman.

Subscribe to enjoy similar stories. Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world’s largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site.

Subscribe to enjoy similar stories. More Americans are looking to switch jobs than at any point in the past decade. In a cooling job market, that’s a lot easier said than done.

Subscribe to enjoy similar stories. ISLAMABAD, Pakistan—When Muhammad Imtiaz received an electricity bill of over $120 last summer, he panicked. The bill, for June and July, was all he earns in a month of ferrying passengers on his motorbike in the scrappy suburbs outside Pakistan’s capital Islamabad.

PNB Housing Finance aims to expand its loan book size to Rs 5,000 crore by the end of the current financial year. The mortgage lender closed the loan book under the affordable segment called 'Roshini' at Rs 3,000 crore at the end of the second quarter of FY'25. «We hope to expand our loan look under the affordable housing segment to Rs 5,000 crore by this year-end to touch Rs 15,000 crore by March 2027,» PNB Housing Finance MD and CEO Girish Kousgi told reporters here. The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion.

eDaakhil portal', a speedy and hassle-free mechanism for filing consumer complaints in all states and union territories.

The issues were taken up at a meeting between Commerce and Industry Minister Piyush Goyal and Steel and Heavy Industries Minister H D Kumaraswamy. Officials said the steel ministry proposed a 25% safeguard duty on certain steel imports to check the influx of steel without payment of any customs duty or at low duty from the Asean nations under an existing Free Trade Agreement (FTA) with India amid Chinese companies setting up large steel manufacturing capacities in the region.

The Bank of Nova Scotia on Tuesday reported a higher fourth-quarter profit than last year, but missed analyst expectations.

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The NSE Nifty index ended the session 181.11 points up at 24457.15, while BSE Sensex 597.67 points to 80845.75.

Torrent Power Ltd.(up 6.49%), KPI Green Energy Ltd.(up 5.01%), Ravindra Energy Ltd.(up 5.00%), Indowind Energy Ltd.(up 4.99%), Indo Tech Transformers Ltd.(up 4.87%), GE Vernova T&D India Ltd.(up 4.66%), Jyoti Structures Ltd.(up 4.35%), Inox Wind Energy Ltd.(up 3.88%), CESC Ltd.(up 3.85%) and KEC International Ltd.(up 3.30%) stood among the top gainers.

In the past decade, the ETF landscape has changed dramatically in terms of the products available, assets under management, and the users of ETFs. Back then, many European clients had just bought an ETF for the first time; now they are converted. In fact, many investors ended up replacing their mutual fund holdings with ETFs because of the transparency, liquidity and exposures they could access in this cost-efficient wrapper. ETFs have also subverted the reputation they once held as passive vehicles. They should no longer be pigeonholed this way. Investors need more innovative s...

Subscribe to enjoy similar stories. The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar.

Subscribe to enjoy similar stories. If you don’t have a finance background, it can be difficult to invest on your own. Most retail investors take the help of a knowledgeable friend or turn to YouTube to understand the basics of investing.

Subscribe to enjoy similar stories. Freshly cooked, piping hot fish and chips, sprinkled with salt and soused with vinegar, wrapped in paper and eaten out-of-doors on a cold and wintry day. Could there be anything more quintessentially British than fish and chips? The British love what Winston Churchill called “the good companions".