UPS Financial News

YouTube channel, which was hacked on Friday, has resumed. «This is to inform all concerned that the YouTube channel of Supreme Court of India is live and up. The services on YouTube channel of Supreme Court of India has been resumed,» said a notice uploaded on the apex court's website on Friday. The top court's YouTube channel was hacked on Friday and showed videos promoting a cryptocurrency developed by US-based company Ripple Labs. A blank video with the title «Brad Garlinghouse: Ripple Responds To The SEC's $2 Billion Fine! XRP PRICE PREDICTION» was live on the hacked channel.

value investing style has stood out, as ICICI Prudential's Rs 50,000 crore Value Discovery Fund has grown at a staggering pace of 21% CAGR. An investment of Rs 10 lakh made at the time of the scheme's inception in August 2004 would now be worth around Rs 4.67 crore. S Naren, CIO of ICICI Prudential AMC, who has been running the fund for the last 2 decades, says value investing has remained relatively uncrowded over the years.

Subscribe to enjoy similar stories. Amazon Chief Executive Andy Jassy set CEOs abuzz with envy—and white-collar workers with fear—this week with a surprise memo calling corporate staffers back to the office full time. Now, long after hybrid work seemed a settled matter at many companies, suddenly both sides are wondering: Who’s next? At a party in Seattle Tuesday evening, shortly after Jassy went public with his plan, his return-to-office rally cry was a hot topic among executives in attendance.

NPS Vatsalya) plan designed for kids that would boost long-term financial security and encourage early savings habits. On July 23, 2024, the Union Budget 2024–25 revealed this novel pension plan for minors.

artisans and craftspeople engaged in these trades like pottery, boat making, shoe making, etc. touch the lives of the people around them and their contribution is pivotal in the economy of the rural India. Most of these artisans and craftspeople have been a part of informal economy and work with their hands and tools. In this background, PM Vishwakarma, was launched by Hon’ble Prime Minister on Vishwakarma Jayanti on 17.09.2023 by the Government of India for transforming the lives of these artisans and craftspeople, known as Vishwakarmas through a number of positive interventions. PM Vishwakarma Scheme is a holistic scheme that provides an end-to-end support to artisans and craftspeople. Under the Scheme, the traditional trades covered are carpenter (suthar/badhai), boat maker, armourer, blacksmith (lohar), hammer and tool kit maker, locksmith, goldsmith (sonar), potter (kumhaar), sculptor (moortikar, stone carver), stonebreaker, cobbler (charmakar)/ shoesmith/ footwear artisan, mason (rajmistri), basket/mat/ broom maker/coir weaver, doll & toy maker (traditional), barber (naai), garland maker (malakaar), washerman (dhobi), tailor (darzi), and fishing net maker.

Subscribe to enjoy similar stories. The Squishmallow, a hybrid stuffed toy and plush pillow, soared in popularity during the pandemic as consumers sought comfort in huggable versions of cute animals and food. Behind that cuteness is an intellectual property battle that is anything but cuddly.

American Airlines has agreed on a contract extension for ground workers including mechanics and baggage handlers

The federal government is suing some pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for patients

A record-setting week for Wall Street closed on a quieter note

A constitutional challenge to the Biden administration program enabling Medicare to negotiate lower prices for prescription drugs has been revived by a federal appeals court

U.S. interest rate cuts, and rising tensions in the Middle East. Spot gold was up 1.3% at $2,620.63 per ounce by 1:43 p.m. ET (1743 GMT), while U.S. gold futures settled 1.2% higher to $2,646.20.

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%, at $74.49 a barrel. U.S. WTI crude futures settled down 3 cents, or 0.4%, to $71.92.

Adani Total Gas, the equal joint venture between Adani Group and French energy major Total Energies, has raised over ₹3,131 crore ($375 million) from BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation, the company said on Friday. The facility will fast-track the capital expenditure programme enabling Adani Total Gas to rapidly expand its city gas distribution network into its 34 authorised geographical areas (GAs) across 13 states, the company said in a regulatory filing, adding that this development agenda will cater to up to 14% of India's population covering more than 200 million people.

Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen reversed earlier gains after the Bank of Japan decided against another hike. Traders have been put in a bullish mood by the Federal Reserve's decision to go big on its first reduction since the start of the Covid pandemic — opting for 50 basis points instead of 25 — and pledging more would come.

Motel 6, the budget hotel chain that has lined U.S. highways for decades, will be sold to Oyo, an India-based hotel operator, the companies announced Friday. Blackstone, the private equity giant and the owner of Motel 6's parent company, said the transaction would be an all-cash deal for $525 million. The deal is expected to close before the end of the year, and would include the chain's offshoot hotel brand, Studio 6. Oyo expanded into the United States in 2019, and has recently ramped up efforts to expand further. It currently operates more than 300 hotels domestically. The company, which specializes in budget hotels and proudly describes itself as «a startup,» had received a large investment from SoftBank. But some troubling incidents in India in recent years raised questions about some of its business practices.

Shikari area of Reasi district in Jammu and Kashmir after an encounter broke out between security forces and terrorists on Friday. Based on specific intelligence about the presence of terrorists, a joint search operation was launched by Security forces in the district, said authorities. Contact has been established and a few rounds have been fired from both sides, they added.

Subscribe to enjoy similar stories. On the 40th anniversary this year of the Center for Development of Telematics (C-DOT), the pioneering Indian telecom institution, spare a thought for its zesty founder who is still making waves, though perhaps not quite in the way he would like to. In the evolutionary history of Indian technology and innovation, Satyanarayan (Sam) Gangaram Pitroda’s status as India’s original tech guru is secure, though he doesn’t get enough credit for the telecom revolution that has seen the country’s teledensity jump from around 2% in the 1980s to over 90% today.

Subscribe to enjoy similar stories. Sturdy red curtains cordon off the lives of plutocrats at play. To better hide their gilded world from the 99.9%, the super-rich avoid high-end labels, favoring “quiet luxury" and “stealth wealth." When this affluent army enters our world, they camouflage themselves with earthy-colored cashmere and luxurious suede.

Apple clocked up to 25% higher sales of the iPhone 16 models on launch day compared with that of the iPhone 15 last year, with quick commerce platforms also getting into the act. But demand for the pricier Pro series surpassed supply. Several retail chains said availability of the costlier devices was at 20-25% of pre-bookings. Market tracker Counterpoint Research said based on early estimates, Day 1 sales of the iPhone 16 and 16 Plus were 20% higher than last year, while they were about 25% higher for the Pro models.

private banks saw a net headcount addition of 295,000 professionals in the last four years with 94,046 jobs added in FY24, a 13% increase over FY23, which had the highest annual net additions at 106,753. Together, this cohort—including HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Yes Bank, Bandhan Bank, IDBI Bank and RBL Bank—employs 795,000 professionals as of FY24, an impressive 59% growth in total headcount over FY20.