UPS Financial News

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Jobs remain abundant. Inflation is trending downward. The consumer is still spending. Earnings have been better than expected.

Sitharaman Monday asked public sector banks, or PSBs, to make concerted efforts to mobilise deposits by conducting special drives to sustainably fund credit growth. Sitharaman reviewed the performance of PSBs and asked them to expeditiously implement recent budget announcements, including, a new credit assessment model for MSME (Micro, Small & Medium Enterprises) based on digital footprint and cash flows. Sitharaman, a finance ministry statement said, observed that while credit growth had picked up, mobilisation of deposits could be improved further. The finance minister was reviewing the performance of PSBs on their financial parameters, deposit mobilisation, digital payments, cyber security framework, and access to credit under financial inclusion.

Dalit nurse was allegedly raped by a doctor after being held hostage inside a private hospital, police said on Monday. According to the complaint filed by the victim's father, the incident occurred around midnight on Sunday. Three people were arrested in the case, Superintendent of Police (Rural) Sandeep Kumar Meena said. On Saturday evening, the victim (20) went to the hospital for her duty at 7 pm. She had been working there for the last seven months. Late night, another nurse, Mehnaz, asked her to meet Dr. Shahnawaz in his room. When she refused to do so, Mehnaz and a ward boy, Junaid, forcibly took her to a room on the top floor of the hospital and locked it from the outside, Meena said.

Liquor demand in India remained unchanged while consumption of brandy and rum fell in the June quarter, amid a high base, election-related disruption in supply chain and sales, and consumers cutting back on lower priced tipple. A year earlier, the spirits market had grown 7% in the same quarter. «Last year, we had very high growth quarters in the first half, and then there was a slowdown in the next half. And this year, we are kind of seeing the reverse. So, we are expecting the first half to be steady, a little muted, lower than our aspirations. There is hope that consumption will pick up this season,» United Spirits managing director Hina Nagarajan said on a recent investor call. Whisky, which accounts for two-thirds of the segment, grew 0.4% in volume, while sales volume of brandy and rum fell 1% and 2.4%, respectively, industry executives said, citing latest excise department data. Both vodka (23.7%) and gin (1.4%) posted growth, but on a low base.

Samajwadi Party president Akhilesh Yadav on Monday said 'PDA' has this time defeated MY (Modi-Yogi). 'PDA' is acronym given by Yadav for 'picchde, Dalit, alpsankhyak' (backwards, Dalits and minorities). Taking a jibe at the state government, the former chief minister said, «Earlier they (BJP) used to call me (his party SP) MY (Muslim Yadav), but this time 'PDA' together has defeated MY (Modi Yogi). It has been two and a half years since the UP government was formed and 'PDA' has brought the Central government under control.» «We should not forget PDA. Whenever SP government is formed, we will work to increase the security and respect of PDA. All of you will also work together to take 'PDA' forward,» he added addressing his party workers in Saifai, where he reached for the Raksha Bandhan celebrations.

National Steel Policy (NSP) in the wake of some advanced economies such as the EU imposing carbon tariff (Carbon Border Adjustment Mechanism) on steel imports and the growing need to decarbonise the sector, officials said. The idea is to assess the impact of the policy on production and usage of the commodity and examine if any tweaks are required in view of the new emerging challenges, they said. «We are reviewing the NSP 2017 and working on stainless steel and green steel policy,» one of the officials said.

Ben Affleck and Jennifer Garner, for years have remained notable for their genuine and loving approach towards their children. They are described as ‘best friends exes’ and perfect examples of how good exes can be when co-parenting. Jennifer Garner has posted photos on Instagram of her vacation in Japan. This relatively recent family trip to Japan, during which they were allegedly seen quietly and inconspicuously feasting and ‘partying’ Ben Affleck’s birthday in a low-key manner, according to Fox News Digital. She shared images of serene temples, delectable food, and a Japanese Wolverine poster. Garner could be seen in a few of the pictures, she wasn't travelling alone. In all probability, it is believed that Ben Affleck accompanied Garner and their kids, Violet, Seraphina and Samuel on this lovely vacation. Also Read :Democratic National Convention: When and where to watch Joe Biden’s speech at DNC 2024?

Telugu OTT platform is gearing up to introduce another thrilling show to its audience. This new web series, titled Balu Gani Talkies, has already sparked interest with its captivating motion poster and the announcement of its premiere date. Balu Gani Talkies is slated to make its debut on September 13th. The motion poster, recently unveiled, features intriguing visuals paired with the tagline «Na maatini Sooseyandi malla...!!!» (Pay close attention to my words...). This brief teaser is crafted to give viewers a glimpse of the drama, suspense, and perhaps a touch of humor that the series promises to deliver. The series stars Shiva Rama Chandravarapu in the lead role and boasts a remarkable cast that includes Saranya Sharma, Raghu Kunchey, Sudhakar Reddy, Vamshi Nekkanti, Suresh Poojari, and Shekhar.

European shares climbed on Monday, led by retail and basic resources stocks, with investors bracing for a data-heavy week with a focus on U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole for clues on potential rate cuts. The pan-European STOXX 600 index closed 0.6% higher, touching an over three-week high in broad-based market gains, after having notched its biggest weekly gain in three months.

Netflix is all set to release Daryl Dixon Season 2 or "The Walking Dead: Daryl Dixon – The Book of Carol". Season 1 of Daryl Dixon consists only six episodes. "The Walking Dead: Daryl Dixon – The Book of Carol" will be released on September 29 on Netflix. «The Walking Dead: Daryl Dixon – The Book of Carol» is directed by Daniel Percival, and Greg Nicotero. David Zabel is the showrunner of «The Walking Dead: Daryl Dixon – The Book of Carol».

CW Advisors has unveiled the latest step in its national growth strategy with a landmark acquisition.

WeWork founder Adam Neumann sat across from Jamie Hodari on brown leather seats. They were in a private plane headed to Atlanta. Neumann, the charismatic billionaire founder of WeWork, grilled his buttoned-up, awkward seatmate about the success of his rival firm, Industrious, while the two chief executives sipped Bloody Marys.

NFRA) has imposed a penalty of Rs 10 crore on KPMG affiliate M/s BSR & Associates LLP, the highest slapped by the regulator in any case, and debarred two of its auditors for alleged glaring professional lapses in the 2018-19 audit of Coffee Day Enterprises. The order, issued on Monday, follows an investigation report by capital markets regulator Sebi about the alleged diversion of Rs 3,535 crore from seven subsidiaries of Coffee Day Enterprises to an entity owned by its promoters. NFRA has now barred auditors Aravind Maiya and Amit Somani from taking up audit work for 10 years and five years, respectively. In addition, Maiya will have to pay a penalty of Rs 50 lakh and Somani Rs 25 lakh.

Democratic National Convention (DNC 2024) will be one of the perfect opportunities for Michelle Obama to demonstrate her political value to the Democrats as well as the entire nation, through her address that is scheduled for the second day of the event.

rural demand driven by improved monsoon prospects along with a rise in urban demand is expected to encourage investments by the private sector that could accelerate overall economic growth. There are some lead indications already of new capacity creation in a few industries and a pick-up in investment intentions, said an assessment of the state of the economy by the Reserve Bank of India economists published in its latest monthly bulletin. Aggregate demand conditions are gathering momentum after some slack in the first quarter of 2024-25. The central bank has projected an economic growth of 7.2 percent in 2024-25. " Rural consumption spending on the back of growing incomes is beginning to drive volume growth in fast moving consumer goods (FMCG), reflecting strengthening fundamentals." said a study by RBI deputy governor Michael Patra and his team published in the Bulletin. The views are those of the authors and not of the central bank.

Japan sent out its first-ever megaquake warning following an earthquake of 7.1 magnitude on the Richter scale that occurred on the southern island of Kyushu. It wasn't the main concern, even though the shaking didn't produce much ramifications but the largest tsunami wave it produced would have reached one’s knee. Instead, seismologists were worried that the earthquake would cause tension that might set off a bomb that was ticking away offshore in Japan, near the Nankai trough, which is probably the most dangerous fault in the nation. The Japanese government estimates that the subduction zone has the capacity to produce tsunami waves up to 100 feet tall and kill almost a third of a million people. As quoted in a report by NBC News, Harold Tobin, Washington state’s seismologist, stated, «We don't have such a protocol» in the United States. However, the Cascadia subduction zone has equally dangerous faults. The Cascadia fault's 9.0 magnitude earthquake and the fatal tsunami, according to the Federal Emergency Management Agency, would kill 14,000 people in Oregon and Washington. Tobin has been considering this scenario for years: What justifies raising the alarm if he discovers evidence, even if it's slight, that a catastrophic earthquake is more likely to occur? Part of Tobin's dilemma stems from this peculiar period in his field: In the world's most seismically hazardous areas, researchers believe they are narrowing in on the causes or precursors of earthquakes, but the science is far from conclusive.

Donald Trump has gone popular on the internet and garnered a lot of attention. Many people have found resonance in the sign, which is prominently posted on a house, and it has inspired creativity and dialogue on social media, as per the reports of Yahoo entertainment.

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Public procurement from MSMEs surged 100% to Rs 75,742 crore in FY24, according to the Ministry of Micro, Small and Medium Enterprises' (MSME) latest annual report (2023-24) released Monday. As per the report public procurement from MSMEs by 133 Central Public Sector Enterprises (CPSEs) and one department has increased by almost 100% to Rs 75,742 crore in FY24, up from Rs 38,432 crore in FY23. Total procurement by CPSEs and departments reached Rs 2,13,685 crore in FY24, a nearly 100% increase from Rs 1,07,988 crore in FY23.

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