UPS Financial News

By Lawrence Solomon

You could almost hear the collective sigh of relief when inflation hit the Bank of Canada‘s 2 per cent target — after all we’d been waiting three years.

Equinix Inc. formed a joint venture with Canada Pension Plan Investment Board and Singapore’s GIC Pte to develop new data centres.

Hundreds of firefighters and volunteers in southern Greece are battling for a third day a large wildfire that has killed two people and devastated a large forested area

A chemical plant fire southeast of Atlanta is still causing trouble two days later

Australia’s government says a code of conduct will be enforced on the online dating industry to better protect Australian users after research found that three-in-four people suffer some form of sexual violence through the platforms

Unionized dockworkers are the most recent group of U.S. workers to back their demands for better contracts by walking off the job

Mail delivery has been suspended in a Kansas neighborhood after two men assaulted a postal carrier who used pepper spray to stop large dogs from chasing him

U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience

Sony’s PlayStation Network went down, frustrating gamers around the world who complain they weren’t able to sign in to their accounts

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Sebi, in its board meeting on Monday, announced that it would introduce uniform standards for nomination facilities across the Indian securities market and consistent norms for nominations across demat accounts and mutual fund investments. The maximum number of nominees will be increased to 10 now from three earlier. It will also allow nominees to act on behalf of incapacitated investors, with certain risk mitigation checks and balances. The transmission process to nominees will be simplified with minimal documentation requirements. Also Read | Equity MF categories offer up to 5% average return in September

banking system is set to improve to a decadal best of 2.5 per cent in 2024-25, domestic rating agency Crisil said on Tuesday. It, however, flagged concerns around unsecured exposures like personal loans and credit cards, and also the microfinance (MFI) loans made by lenders, pointing out that the segments are witnessing a surge in stress. Credit growth is expected to moderate to 14 per cent in FY25 from 16 per cent in FY24 on the back of lower economic growth expected at 6.8 per cent as against 8.2 per cent in FY24, and the regulatory restrictions through interventions like higher risk weights on unsecured lending which has made lenders cautious, the agency said.

Taylor Swift has missed two consecutive Kansas City Chiefs games, sparking online discussions about her relationship with Travis Kelce. Swift did not attend last weekend's game against the Atlanta Falcons or the Chiefs' recent match against the Los Angeles Chargers. Online, fans have linked her absence to a supposed 'break-up contract' that has gone viral on social media. Although Kelce's team has dismissed the contract as fake, speculation continues. Kelce addressed concerns about his performance on his New Heights podcast, stating, “I’ve had a lot of catches in this league, man. I’m not worried about the catches and the yards and all of that.” He added, “I have the most fun when I get the ball thrown my way, I mean, who doesn’t? But it has everything to do with execution and just making sure we’re doing whatever we can to win these football games … that’s always gonna be the goal.”

Maruti Suzuki India on Tuesday reported a 2 per cent year-on-year increase in total sales at 1,84,727 units in September. The company had sold 1,81,343 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales were at 1,44,962 units as compared to 1,50,812 units in the year-ago month, a decline of 4 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, grew to 10,363 units as against 10,351 units in September 2023.

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Uttam Sugar Mills Ltd.(up 5.31%), Balrampur Chini Mills Ltd.(up 4.88%), Dalmia Bharat Sugar and Industries Ltd.(up 4.41%), Avadh Sugar & Energy Ltd.(up 3.10%), Rajshree Sugars & Chemicals Ltd.(up 2.44%), Dwarikesh Sugar Industries Ltd.(up 1.69%), Mawana Sugars Ltd.(up 1.62%), Simbhaoli Sugars Ltd.(up 1.48%), KM Sugar Mills Ltd.(up 1.44%) and Bajaj Hindusthan Sugar Ltd.(up 1.43%) stood among the top gainers.

Natasa Stankovic is making headlines once again as she enjoys a refreshing vacation in Goa following her recent split from cricketer Hardik Pandya. The Serbian model and actress has been seen traveling between Serbia and India and is currently in Goa with Aleksandar Alex Ilic, rumored to be Disha Patani’s boyfriend. Aleksandar recently shared a lighthearted video on his Instagram, capturing a playful moment with Natasa in a pool. In the clip, she is seen lounging on a floating swan, while he sneaks up behind her and gives her a playful push. He accompanied the post with mermaid and wave emojis, adding a fun touch to the moment. Natasa was dressed in a stylish black swimsuit, enjoying the sun, while Aleksandar sported swim shorts. In her own social media post, Natasa shared a video from the same pool, showcasing her soaking up the sun on a floating tube, further highlighting her cheerful demeanor during the getaway.

NITI Aayog which is working with states to develop a roadmap for green energy transition and a pathway to achieve a net zero carbon emissions target, will be giving its report next month, said BVR Subrahmanyam, CEO of the central government's think tank on Tuesday. Addressing reporters on the sidelines of the launch of Telangana chapter of Women Entrepreneurship Programme (WEP), a flagship initiative of NITI Aayog, he also asserted that 9 per cent aspirational growth is possible backed by the overall sectoral growth. «Wait for one month. NITI Aayog has got the best group in India working on energy transition, Climate Change, net zero and circularity. We will be coming out with reports in November. We will be actually giving the roadmap for net zero by 2070,» he said. Subrahmanyam further said NITI Aayog is working on green transition to set up a green transition ecosystem for «Hard-to-abate» industries including categories such as steel, cement, and petrochemicals and circularity can be brought in very easily in Lithium ion batteries, electronic components, vehicles, rubber ( tires), and steel (metals).

Flockerz ($FLOCK) is a one-of-a-kind meme coin from the get-go. In no time at all, the project launched this month and rapidly raised over $300,000.

IIFL Home Finance plans to raise up to 30 billion rupees ($358 million) through a public issue of bonds, according to a draft shelf prospectus filed by the company on Tuesday. Trust Investment Advisors and IIFL Securities are the lead managers to the home finance company's issue, which is rated AA by Crisil and India Ratings.