UPS Financial News

RBI) has prohibited housing finance companies (HFC) from raising public deposits for more than five years, placed a ceiling on the quantum of deposits they can raise, and asked them to increase the share of liquid assets to 15% from 13% now in a phased manner. RBI on Monday said that public deposits accepting HFC can renew deposits after 12 months or more but not later than sixty months. It has allowed existing deposits with maturities above sixty months shall be repaid as per their existing repayment profile. Separately, RBI has directed non-bank finance companies to put in place a mechanism to provide nomination facility for depositors irrespective of customers demanding the service.

Guwahati: Giving a boost to health sector, an MoU was signed between the Srimanta Sankaradeva University of Health Sciences under the Department of Medical Education and Research, and Novo Nordisk Foundation, a Danish philanthropic organisation. The MoU will cover several components like, improving Nursing Education in the state including setting up of an Education Innovation Unit, Simulation Lab etc in Regional Nursing College, improving institutional capacity in the nursing sector and knowledge exchange programmes with National and International institutes for Health and Nursing professionals. As a part of the MoU, a financial a support of Rs 6 crore will be provided initially. Moreover, the understanding will be looking at scaling up the partnership in due course.

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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...

Amazon Great Freedom Festival Sale 2024: Super savings!! Up to ₹33,000 and more on washing machine and refrigeratorA single-door refrigerator is an ideal choice for limited spaces, providing an efficient cooling solution that can also serve as a secondary unit. It features a combined cooling and freezing compartment, making it well-suited for individuals or small families.

₹23.8 trillion, while that of State Bank of India (SBI) dipped 0.3% to stand at ₹49 trillion. “Most of the banks witnessed growth moderation along with some uptick in credit cost in Q1," Christy Mathai, fund manager—equity, Quantum AMC (Asset Management Company), told Mint. “Deposit mobilization remains the key focus for the banks and incrementally, the cost of deposits has moved higher than yield increases, impacting the net interest margins (NIMs).

Gold prices rose by Rs 200 to Rs 72,350 per 10 grams while silver prices rallied by Rs 1,000 per kg in the local market here on Monday amid firm global trends. In the previous session, the yellow metal of 99.9 per cent purity had closed lower at Rs 72,150 per 10 grams on Saturday, according to the All India Sarafa Association. Silver prices jumped by Rs 1,000 to Rs 83,500 per kg from Rs 82,500 per kg in the previous close.

Despite interest in the wealth management division from «a number of potential buyers», none of it resulted in a formal buyout offer. The firm was up for sale for almost a year amid what the firm termed an «extremely challenging» market backdrop, it revealed in its annual results to March 2024, today (12 August).   Attempts to sell the company's capital markets division were more successful however as it completed the sale of the arm to UK investment bank Zeus Capital last month. WH Ireland in 'advanced' talks with Zeus Capital for possible sale of capital markets unit Overall r...

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy.

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sports betting. Asher, who asked that the Thomson Reuters Foundation use a pseudonym to protect the privacy of his recovery group, was drawn into gambling by online poker. «It is just so easy to open these gambling accounts online,» he told the Thomson Reuters Foundation. «At one point I lost over $500,000 to this addiction and almost lost my family.»

The market volatility we’ve seen over the past week and a half has been astounding. The VXX, an exchange-traded fund that tracks the VIX volatility index, rocketed higher as investors sold equity positions across the board, with more speculative assets such as U.S. tech and cryptocurrencies getting hit the hardest.

Scotiabank has bought a minority stake in U.S. regional lender KeyCorp in an all-stock deal worth US$2.8 billion on Monday, as the Canadian bank pursues growth outside its saturated home market.

NEW DELHI : Rockefeller Foundation-backed Global Energy Alliance for People and Planet (GEAPP) plans to support the development of 2 gigawatt hours (GWh) of cumulative utility-scale battery-energy-storage capacity, said Saurabh Kumar, vice president, India, GEAPP. In an interview, Kumar said GEAPP, in partnership with IndiGrid, is expected to commission the country's first commercial utility-scale project by the end of this year or the start of 2025. It would be set up in Delhi.

desi Sting fan club. Every other conversation I wandered into revolved around the 72-year-old former The Police frontman, people discussing their wishlist of Sting songs or having serious debates about how to make sure they get a good spot up front for his set. Even the usually gig-hardened and cynical music biz people backstage sounded positively giddy with Sting-mania.

Shares of Macrotech Developers Ltd.(up 4.32 per cent), Mahindra Lifespace Developers Ltd.(up 3.37 per cent), Prestige Estates Projects Ltd.(up 2.83 per cent), Oberoi Realty Ltd.(up 1.45 per cent) and Sunteck Realty Ltd.(up 1.27 per cent) ended the day as top gainers in the pack.

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

NEW DELHI : India had 162 million demat accounts as of June, and 93 million SIP (systematic investment plan) accounts as of July—a strong indicator of increasing financialization in the country. Still, there are places where terms like “Sensex" or “Nifty" are foreign to people. Kargil, in the Union territory of Ladakh, over 200 kilometres from Srinagar, is one such place.

Americans across the credit rating spectrum are driving up credit card balances and utilization as they feel the pinch from the higher cost of living.

Olympic gold medals are worth more than ever at this year’s Paris games, with the raw materials that go into them having the potential to fetch about $900 each.