UPS Financial News

By Murtaza Haider and Stephen Moranis

reserves in the month of July in one month since certain Indian government bonds were included in the JP Morgan bond index. Of this, $3 billion worth flows were only for index eligible bonds, said bond market analysts.

₹24,999. Shoppers can enjoy discounts of up to 70% on select smart LED TVs, with an additional exchange bonus of up to ₹5,000 when trading in old TVs.Highlights of the sale include the LG 55" OLED TV, available for as low as ₹2,999 per month, and the Samsung 55" Neo QLED TV, starting at ₹2,990 per month, along with up to ₹9,000 cashback.

₹10,563 crore, while 31 personal guarantors accounting for ₹1,433 crore in defaults by companies approached bankruptcy tribunals on their own for debt resolution, according to data available with Insolvency and Bankruptcy Board of India (IBBI). Lenders in all seek to recover more than ₹2 trillion from personal guarantors since December 2019, when they were brought under the Insolvency and Bankruptcy Code (IBC). Of these, 3,134 cases are in bankruptcy tribunals (National Company Law Tribunal) while 50 are pending in Debt Recovery Tribunals (DRT), showed data from the IBBI.

Canada Pension Plan Investment Board promoted Caitlin Gubbels to lead its global private equity group, replacing Suyi Kim, who’s leaving the fund manager after 17 years.

Google to share its vast troves of data with competitors, implementing safeguards to prevent it from gaining an unfair edge in artificial intelligence (AI) products, and even considering the divestiture of some of its key assets.Among the most frequently discussed remedies is the possible separation of the Android operating system from Google. DOJ attorneys are also weighing the possibility of forcing Google to sell its AdWords search advertising program and even its Chrome web browser, according to individuals familiar with the matter, adds the report.The report highlights that a spokesperson for the Justice Department confirmed that the agency is carefully reviewing the court's ruling and will determine the appropriate course of action in line with the legal framework governing antitrust remedies.

Franklin Templeton is looking to enlarge its slice of the SMA pie as its models find another home with a leading fintech and TAMP provider.

Starbucks Corp. CEO Brian Niccol is a star executive who is widely considered the best in the business. Quite frankly, it’s surprising the company was able to hire him. Despite the coffee giant being one off the world’s most iconic and powerful brands, Starbucks has a problem for any incoming CEO. And that problem is named Howard Schultz. As Starbucks’ longtime CEO who became synonymous with the company he all but founded, Schultz can’t seem to let go. He’s twice boomeranged back into the top job when the company hit turbulence. And since he departed from the board a year ago, he has become a meddler — criticizing his successor Laxman Narasimhan and the board in a LinkedIn post and on a podcast, even though he handpicked Narasimhan, trained him and set an aggressive growth plan on his way out the door.

Deciding between a hybrid vehicle and a plug-in hybrid vehicle comes down to three questions

Congress party’s guarantee schemes to make them more targeted and eliminate the creamy layer. The state government may consider the demand after taking up a survey across the state to hear the feedback from beneficiaries, according to sources. Two senior ministers had talks with the AICC leaders in Delhi on Tuesday and argued for the need for tweaking some of the programmes, while conveying similar sentiments from the ruling party MLAs. They urged the AICC leadership to discuss with chief minister Siddaramaiah and deputy CM DK Shivakumar and align the programme to access only the low-income group families. The concerns of some MLAs stem from the fact that the availability of funds to take up development work in their constituencies has become scarce as the government has committed upwards of Rs 52,000 crore to fund the five guarantee programmes in the fiscal year 2024-25.

U.S. stocks rose to one of their best days of the year as Wall Street relaxed after the first of several highly anticipated reports on the economy this week came in better than expected

Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month

A reporter at a small Wyoming newspaper has resigned after a competitor discovered he was using artificial intelligence to write stories and fabricate quotes, including some by the governor

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

Google has unveiled its next generation of Pixel phones

Wall Street is holding relatively steady after the latest update on inflation came in almost exactly as economists expected

SpiceJet on Wednesday reported a 20% per cent drop in consolidated profit for the April-June quarter, as a financial crunch took a toll on its operations. The carrier's profit came at Rs 158.75 crore in Q1 FY25 as against Rs 197.58 crore in the year-ago period.

financial incentives for development of critical minerals, including lithium. Speaking during the Budget Seminar on National Critical Minerals Mission, Mines Joint Secretary Veena Kumari Dermal said there will also be an emphasis on securing loans from multilateral financial institutions for the development of the sector. The government, she said, will focus on global R&D collaboration across the critical minerals value chain. To encourage the participation of Indian public and private sector companies in the acquisition of assets abroad, the government will provide targeted subsidies for mining, and for setting up evacuation infrastructure.

In its half-year results published today (14 August), the British insurer's wealth arm posted net inflows of £5bn, up 16% from the same period last year.  Platform net inflows rose by 50% to £1.9bn in the first six months of the year, with consecutive record quarter gross inflows on both the adviser platform and direct wealth, while workplace net inflows were up by 4% to £3.5bn.  The positive flows combined with positive market movements of £11.4bn to drive a 10% AUM increase to £186.3bn from an opening position of £170bn.  Trio of global equity fund managers to exit Aviva Investor...

India Independence Day 2024: As India gears up to celebrate its 78th Independence Day, the long weekend presents a perfect opportunity to spend quality time with friends. However, with the rainy weather putting a damper on outdoor plans, why not explore some fun and creative ways to make the most of the holiday indoors? Here are five exciting activities that you and your friends can enjoy together, rain or shine.

US Government is currently on the brink of going on an all-out war against Google, due to the antitrust case that involved a landmark ruling by a federal court, which claimed that the major tech corporation tried to monopolize the online search market by handing payouts to device manufacturers like Samsung and Apple, in a bid to make Google Search the default search engine on the respective manufactured devices.