UPS Financial News
16.09 / 18:35
UPS
FIVE
Food
Boxing
performer
Features
peace
5 Best Hand Blenders by Philips: The Kitchen Essentials
From compact models ideal for quick tasks to more advanced options packed with multiple speed settings and attachments, Philips offers a range of hand blenders suited to various cooking needs. In this article, we’ll explore the best Philips hand blenders available, highlighting their key features, performance, and how they can elevate your culinary experience.
16.09 / 17:29
markets
UPS
FIVE
Pool
Dreams
wellness
Ottawa to expand 30-year amortizations, raise insured mortgage cap
mortgage market, expanding the availability of 30-year amortizations and raising the cap on insured mortgage products.First-time homebuyers, as well as those purchasing new builds, will soon be able to take out insured mortgages with a 30-year amortization, up from the typical 25-year payback period.Additionally, the Liberals are raising the price cap for taking out insured mortgages to $1.5 million compared with the previous bar of $1 million.Both proposed changes would go into effect on Dec. 15.Deputy Prime Minister and Minister of Finance Chrystia Freeland made the announcements on Monday in Ottawa where members of Parliament are reconvening for the start of the fall sitting in the House of Commons.She positioned the move as helping Canadians to afford a first home.“It is going to put the dream of home ownership in reach for more young Canadians,” she told reporters.Extending amortizations helps to reduce the monthly burden of carrying a mortgage, though a homeowner is likely to pay more in interest over the life of the loan.Because households have to put down more than 20 per cent upfront when purchasing a home with an uninsured mortgage, the current price cap for insured mortgages creates a significant barrier for Canadians looking to purchase a property worth more than $1 million.In some of Canada’s most expensive housing markets, the average home price is already above that bar, making it difficult for some prospective buyers to save enough to ever own a home.Under the proposed changes, an individual could put down between five and 20 per cent of the value of a home worth up to $1.5 million, lowering the size of the down payment needed.The proposals come after the Liberals instituted new changes as of Aug.
16.09 / 17:24
markets
UPS
Target
War
show
Videos
Yemen's Houthi rebels say they downed another US-made MQ-9 Reaper drone
Yemen's Houthi rebels claimed Monday that they shot down another American-made MQ-9 Reaper drone, with video circulating online showing what appeared to be a surface-to-air missile strike and flaming wreckage strewn across the ground. The US military said it was aware of the Houthis' claimed downing of a drone over the country's southwestern Dhamar province, without elaborating. The Houthis have exaggerated claims in the past in their ongoing campaign targeting shipping in the Red Sea over the Israel-Hamas war in the Gaza Strip. However, the online video bolstered the claim, particularly after two recent claims by the Houthis included no evidence. Other videos showed armed rebels gathered around the flaming wreckage, a propeller similar to those used by the armed drone visible in the flames. One attempted to pick up a piece of the metal before dropping it due to the heat.
16.09 / 17:18
markets
UPS
Art
Digital
RAI
Sporting
Over 600 gifts, mementos received by PM Modi to go up for auction from Sept 17: Culture Minister
Mementos ranging from sports shoe and other items of paralympic medalists to replica of Ram temple and even a silver veena — all gifts received by Prime Minister Narendra Modi — are set to be auctioned soon, and the base price of all the items together comes to around Rs 1.5 crore, Culture Minister Gajendra Singh Shekhawat said on Monday. Shekhawat conducted a walk-through of the exhibition showcasing the prime minister's mementos at the National Gallery of Modern Art here. Addressing a press conference later, he mentioned that the base prices for the auction of these gifts are set by a government committee, with prices ranging from as low as Rs 600 to as high as Rs 8.26 lakh.
16.09 / 17:03
markets
UPS
Provident
security
Bitcoin
cover
stars
Could Solana’s Price Explode? SOL Founder Yakovenko’s Bitcoin Connection Sparks Speculation
Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...
16.09 / 16:56
markets
UPS
consequences
reports
Department
Tea production faces a stormy forecast, expected to drop at least 160 Mkgs during the year 2024
Tea Association of India (TAI) stated with Tea Board, India revising its Crop figure to 1393.66 Mkg from its earlier 1367.70 Mkg for the year 2023 coupled with the early closure Order by Tea Board, India, the industry is looking at a drop of production to the tune of around 160-170 Mkgs during the year 2024. TAI in statement stated the Production figure of North Indian Tea Industry reflect a precarious situation of the industry, consequent to the constant onslaught of insufficient rainfall and excessive heat till May and excessive rainfall in June & July, hampering production of the crop to a great extent during the current cropping season up to the month of July 2024. The data released by Tea Board of India indicates a drop of production of around 11% in Assam and around 21% in West Bengal up to the month of July 2024 as against last year during the same period. Sandeep Singhania, President TAI stated that due to the unprecedented weather condition, tea growing regions of West Bengal and Assam has witnessed weakening of tea bushes which has further aggravated by severe pest and disease infestation, indicating a further crop loss in the coming months.
16.09 / 16:20
markets
UPS
FIVE
Digital
security
RAI
Axis Balanced Advantage Fund completes seven years, offers 11% CAGR since inception
Axis Balanced Advantage Fund, an open-ended dynamic asset allocation fund, has completed seven years in the market and offered 10.70% CAGR since inception. Launched in August 2017, the scheme has offered 13.51% CAGR in the last five years. In the last three years, it offered 12.88% CAGR. The scheme delivered 29.26% and 16.88% returns, respectively, in the last one-year and six-month horizons.
16.09 / 16:15
markets
COST
UPS
wellness
Cycling
Despite rate cuts, home sales stuck in ‘holding pattern’ over summer: CREA
A summer start to interest rate cuts from the Bank of Canada failed to breathe new life into the Canadian housing market, with the national real estate association suggesting homebuyers are content to wait for cheaper borrowing costs before getting off the sidelines.
16.09 / 16:13
markets
UPS
Booking
Mobile
country
International
Mercedes-Benz expands EV lineup in India amid growing demand
Mercedes Benz has firmed up plans to locally assemble a second electric vehicle in the country enthused by demand for these cars, which have received bookings totalling Rs 400 crore in the past couple of weeks. The company, which launched Mercedes Benz Maybach EQS680 SUV priced at Rs 2.37 crore (on-road, Delhi) last week, has received 50 bookings for the top-of-the-line electric car. Mercedes has additionally received 80 bookings already for the electrified version of the G Wagon, which is slated to go on sale by the end of this year or early next year. Mercedes Benz EQG will be priced at Rs 3.5 crore. The company’s total order bank for internal combustion engine (ICE) and electric models together stands at about 1800-2000 units, currently. Mercedes Benz India Managing Director Santosh Iyer told ET, “There is currently no other option for emission free mobility than electrification. And we need to aid penetration by introducing electric cars at varied price points to our customers. The EQS SUV 580 will be the second electric vehicle that we assemble locally, which has helped us to price it competitively.” The EQS SUV 580 is priced at Rs 1.41 crore.
16.09 / 15:57
markets
UPS
Provident
Trade
Experts
Bitcoin
Bitcoin Price Surges to $58K as Rich Dad Poor Dad Author Predicts Further Gains
Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
16.09 / 15:23
markets
UPS
Provident
Software
Sustainability
innovations
MeitY unveils second cohort of Samridh scheme for startups
Startup Accelerators of MeitY for Product Innovation, Development and Growth (Samridh) scheme, for which 125 startups will be provided funding support and mentorship, was launched by MeitY secretary S. Krishnan on Monday. The scheme provides a first round of funding of up to Rs 40 lakh. To promote growth of India’s software product industry as part of the 100-day agenda, the Government of India is providing support to 125 startups through potential accelerators to achieve the target of nurturing 300 startups. The startups in turn get a chance to improve their products and attract funding to expand their businesses. Incubators prioritise the long-term sustainability of startups over rapid growth. India has more than 500 incubators but is still nascent in its accelerator ecosystem with K-Start, Talks, Axilor Ventures, Byron, GSF Accelerator, Gain Accelerator, T-Hub being among the few examples, sources said.
16.09 / 15:20
markets
UPS
Provident
security
Election
rights
Multi-tier security arrangements put up in J-K ahead of assembly polls
Multi-tier security arrangements have been put in place to ensure free and fair assembly elections in Jammu and Kashmir, a senior police official said. «As the first phase of voting will take place on September 18, Jammu and Kashmir police have made elaborate security arrangements for the assembly polls so that maximum number of people can exercise their right to vote,» Inspector General of Police Kashmir Zone V K Birdi told PTI. Birdi said Central Armed Paramilitary Forces (CAPF), Jammu and Kashmir Armed Police and JK Police will be deployed as part of the multi-tier security for the elections in the union territory, which will be first since abrogation of Article 370 in 2019. «The CAPF units, JKAP and JKP are part of the security plan. A multi-tiered security plan is there, be it for strong rooms, polling stations or polling booths,» he said.
16.09 / 15:15
UPS
wellness
pandemic
country
testing
Schools
rights
Faddish thinking is hobbling education in the rich world
Subscribe to enjoy similar stories. That the pandemic messed up schooling is well known. Between 2018 and 2022 an average teenager in a rich country fell some six months behind their expected progress in reading and nine months behind in maths, according to the OECD.
16.09 / 15:06
UPS
Provident
Google
Platform
Strategy
Software
Inside
Oracle turns rivals into partners in pursuit of cloud ambitions
Subscribe to enjoy similar stories. Oracle announced a partnership with Amazon’s cloud unit, cementing its strategy of joining with once sworn rivals, and finding its own niche in the cloud and artificial intelligence era. The Austin-based tech giant, which has lagged behind Amazon, Microsoft and Google in cloud-computing for years, has now built partnerships with all of them.
16.09 / 14:32
markets
UPS
FIVE
Election
President
Congress releases manifesto for Jammu and Kashmir elections
Congress on Monday released party manifesto for the upcoming assembly elections in Jammu and Kashmir ahead of the first-phase polling on September 18, 2024. Jammu and Kashmir goes to polls in three phases — September 18, September 25 and October 1. The counting of votes will take place on October 8. The manifesto was released by AICC chief spokesperson Pawan Khera and PCC president Tariq Hameed Karra at the party office in Delhi.
16.09 / 14:17
markets
COST
UPS
Gap
security
information
Mistry Store launches India's first credit program for building industry professionals
credit program for the building industry professionals like architects, interior designers, contractors-firms to address the critical credit gap in the segment. After working with over 3,500 professionals in the building space over the past two years, the company identified that dependence on informal credit alone invariably hinders business growth for professionals and curated the credit program to address this critical gap. By participating in the program, professionals can get higher credit limits, enabling them to take on larger projects. «By enrolling in the smart credit program, professionals can achieve significant growth. We project an increase in profit margins by 8-10% and business scaling by two to three times. With a higher credit limit, professionals can take on more prominent projects and experience exponential business expansion,» Vaibhav Poddar, co-founder of Mistry.Store, said.
16.09 / 14:10
COST
UPS
FIVE
Manufacturing
CEO
Boeing
International
Boeing machinist strike adds cash crunch to new CEO’s rescue mission
Subscribe to enjoy similar stories. A tough job just got much tougher for Boeing’s new CEO. When the jet maker’s largest union went on strike Friday, the walkout compounded the list of problems facing Kelly Ortberg, who took Boeing’s top job five weeks ago.
16.09 / 13:55
16.09 / 13:24
markets
UPS
security
Universities
track
cover
NFO Alert: SBI Mutual Fund launches Nifty 500 Index Fund
SBI Mutual Fund, the largest fund house based on assets managed, has announced the launch of SBI Nifty 500 Index Fund, an open-ended scheme replicating/ tracking Nifty 500 Index. The new fund offer or NFO of the scheme will open for subscription on September 17 and will close on September 24. Also Read | Silver MFs lose up to 8% in three months. Should you buy the dip?
16.09 / 13:18
UPS
Analysis
Food
trends
Trade
Department
Kohinoor Foods surges 20%; LT Foods jumps nearly 7%
stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed. At close of trade, shares of Kohinoor Foods surged 20 per cent, LT Foods jumped 6.70 per cent, KRBL climbed 5.87 per cent and Chaman Lal Setia Exports went up 1 per cent on the BSE. Intra-day, LT Foods surged 9.72 per cent, KRBL soared 7.67 per cent and Chaman Lal Setia Exports rallied 5.92 per cent.
16.09 / 13:04
COST
UPS
Platform
security
Matthews
community
Bill
Why Nithin Kamath-funded SundayGrids shouldn't be seen as an investment
Subscribe to enjoy similar stories. Last week, Nithin Kamath tweeted about SundayGrids, a company offering solar energy access without the need for rooftop panels. The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put up elsewhere.
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