UPS Financial News

Maryland transportation leaders have approved a contract for rebuilding the Francis Scott Key Bridge several months after it collapsed under the impact of a wayward container ship

Best JBL party speakers: 10 picks for unforgettable gatheringsUpgrade your home entertainment experience with the JBL Cinema SB241 soundbar. This powerful soundbar delivers 110 watts of audio power, complemented by a wired subwoofer for deep, impactful bass that enriches both movies and music. Enjoy the immersive surround sound provided by Dolby Digital Audio, making you feel like you're in a theatre right at home.

The price of Toncoin has jumped by as much as 6% overnight, with its move to $5.62 going some way to correcting the plunge it suffered after French authorities arrested Telegram founder Pavel Durov on Saturday.

Blythe Masters, founding partner of Motive Partners, a private equity backer of FNZ, is set to step into Durham's shoes.  Masters brings over 30 years of industry experience with her and will be flanked by Roman Regelman, who has been appointed group president and brings experience as former CEO of securities services and digital at BNY.  abrdn-supported Virgin Money teams up with FNZ for digital investment platform launch «I am excited to be joining FNZ for this next phase in its growth journey, leveraging Durham's continued vision and strategic advice,» Masters noted.  «We wil...

TV show producer Banijay Asia has tied up with Space Exploration and Research Agency for a reality show to send an Indian into space on a future Blue Origin New Shepard mission. Recently, SERA announced India as a partner nation for their human spaceflight programme aimed at giving an opportunity to citizens from countries with few or no astronauts to travel into space. «We're embarking on an unprecedented journey with SERA to create a reality format that transcends the ordinary. It's a privilege to document this journey of an ordinary Indian space traveller and show how this programme will not only transform their life but also democratise space travel more broadly,» Deepak Dhar, Founder and Group CEO, Banijay Asia and EndemolShine India said in a statement. The format will capture the drama, disappointment, and joy as the shortlisted individuals participate in various challenges that test their mettle and readiness for space travel, a company statement said.

The Canadian Imperial Bank of Commerce beat analysts’ expectations and reported higher profits this quarter compared to last year as the bank set aside a lower amount of money for potential bad loans and posted gains in most of its business segments.

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment

Indian tourist who was swallowed by a sinkhole in Malaysia's capital entered a seventh day on Thursday, with the operation hampered by strong undercurrent flows and worries about oil instability after a second sinkhole emerged nearby. Vijaya Lakshmi Gali, 48, was walking along a road in the Dang Wangi area in Kuala Lumpur on August 23 when the pavement beneath her suddenly collapsed. She plunged into the 8-metre-deep (26-foot-deep) sinkhole and disappeared. Rescuers have found no trace of her so far except her slippers. The search operation has involved flushing through portions of the drain system, using high-pressure water jets and excavators to remove debris, tracker dogs as well as remote cameras and ground penetrating radars to map inaccessible areas. Nor Hisham Mohammad, deputy director of the Malaysian Fire and Rescue Department, said the search will continue. He said scuba divers may be sent into the sewage tunnel to check on an obstacle that was detected if conditions are safe. Two divers entered early Thursday but it was too dangerous and they were pulled out before they could reach the obstacle.

Car ownership costs cooled in July, with one exception.

RBI official said on Thursday. The norms regarding the Expected Credit Loss (ECL)-based provisioning are in an advanced stage of discussion, the official told reporters here. The Reserve Bank of India has proposed to set aside 5 per cent of the total exposure to a project till the construction of the project is on. Fearing a hit to profits, banks have been asking for a relook into it, as per reports.

Jaypee Infratech Ltd (JIL) through insolvency process, has identified 2,552 acre of land parcels for lenders of the bankrupt realty firm in accordance with the resolution plan. On June 4, Suraksha Group took control of JIL following the National Company Law Appellate Tribunal's (NCLAT) decision on May 24, upholding its bid to acquire JIL and constituted a new board. According to sources, Suraksha Group has earmarked 2,372 acre of land for assenting lenders and 180 acre, separately, for ICICI. The group had appointed real estate consultant CBRE to help in land identification process. JIL had around 6,250 acre of land in Delhi-NCR and adjoining areas. In its resolution plan, which was approved by the National Company Law Tribunal (NCLT) in March last year, Suraksha Group has offered bankers more than 2,500 acre of land to partly settle their dues.

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At a time when the Telecom Regulatory Authority of India (Trai) is introducing new measures to address the issue of spam calls and messages, a survey by LocalCircles has found that 76% people get three or more such messages daily. The survey received responses from 41,000 people located in 357 districts of India. According to the data, 8 in 10 surveyed who are registered on DND (do not disturb) list say they still get unwanted SMS.

Shares of Au Small Finance Bank Ltd.(up 1.24 per cent), Punjab National Bank(up 0.68 per cent), State Bank of India(up 0.64 per cent), Axis Bank Ltd.(up 0.39 per cent) and Federal Bank Ltd.(up 0.19 per cent) ended the day as top gainers in the pack.

Motilal Oswal Financial Services, L&T Tech’s new strategy may not alter its growth path in the short term, but it could open up new avenues for growth, especially in hitherto weak areas such as mobility—a fast-growing segment for its peers. Against this backdrop, the company’s renewed strategy is a step in the right direction. However, the targets seem ambitious.

Nvidia has made life at the top look easy. But staying there is going to be anything but. The chip maker, which has gone from a niche videogame component supplier to a $3 trillion enterprise in just a few years, put up another round of strong results Wednesday.

On the BSE, Shashijit Infraprojects(down 19.92 per cent), Disha Resources (down 19.66 per cent), Chandra Prabhu(down 11.52 per cent), Suditi Ind(down 10.46 per cent) and Sterling Green(down 9.99 per cent) stood among the top losers in today's trade.

Canadian Imperial Bank of Commerce reported its third-quarter profit rose compared with a year ago as it set aside less money for bad loans.

MUMBAI : Blue Dart Express Ltd’s revenue and profitability trajectory is struggling to take off, squeezed by rising competition, sluggish market demand and the additional burden of increased costs from recent aircraft additions. Its FY24 consolidated revenue growth stood at just about 2%, with volume remaining lacklustre. This is a stark contrast to the 17% growth seen in FY23.

The Telecom Regulatory Authority of India (Trai) on Wednesday said there is a need to review and put in place provisions, including regulating tariff for SMS and voice calls beyond a certain limit, to curb unsolicited commercial communication (UCC) from unregistered telemarketers (UTMs) using 10-digit numbers.

Jio Phonecall AI, a pioneering service that integrates AI into everyday phone calls. This feature enables users to record, store, transcribe, summarize, and translate calls automatically, simplifying communication and enhancing productivity.The company also expanded on its AI ambitions with the introduction of Jio Brain.