UPS Financial News

Unny Radhakrishnan and Bindhu Unny's journey from the brink of bankruptcy to financial stability is a tale of resilience and reinvention. In the late '90s, they were idealistic young professionals driven by a passion for social impact, only to end up being financially broke.

Delhi High Court has designated a special CBI Court to expedite the trial of India's biggest bank fraud. The Central Bureau of Investigation (CBI) has charged Dheeraj Wadhawan, Kapil Wadhawan-promoters of embattled Dewan Housing Finance Ltd (DHFL)-and several others in the alleged loan fraud of Rs 34,614 crore. The orders of the Delhi High Court designating a special CBI Judge to exclusively deal with the DHFL case were received on August 1. It is pertinent to mention that considering the gravity of the case and the enormous amount of documents filed by the CBI, number of accused and hundreds of witnesses involved, a special CBI Court had written to the High Court. In April this year, a special CBI Court had shared the information of the case with the High Court with a request to designate «one special court for doing this matter only». Special CBI Judge Ashwani Kumar Sarpal, in a judicial order passed on April 27, had highlighted the fact that the documents filed by the CBI run into over 330,000 pages and are kept in 26 trunks.

Olympic hockey quarter final match against Great Britain with 10 men. And, with nine for a few minutes in the crucial fourth quarter with scores tied at 1-1. That’s what India was reduced to while playing when Amit Rohidas, India’s best first rusher, was shown a red card for lifting his stick in the 17th minute. India, though, did not lose hope and took the lead through captain Harmanpreet Singh in the 22nd minute from a penalty corner before Britain drew level through Lee Morton from a field effort in the 27th minute.

Chinese ambassador to Nepal kicked up another controversy through social media, drawing the ire of the local population. In the latest such instance, Chen Song faced criticism for passing a «joke» about a bus accident in Nepal. On July 28, while reposting a news article titled «19 kg magnet, brought to search for the lost bus, is itself missing», he wrote on X, «Find the magnet then». He was referring to the July 12 accident, when a bus travelling from Kathmandu to Gaur and another coming from Birgunj to Kathmandu were swept away into the Trishuli river at Simaltal, Chitwan district of Nepal. Out of 65 passengers, 62 were missing. The whereabouts of the buses and most of the passengers are still unknown. Upon the request of the Nepal government, India sent a 12-member diving team with magnets to assist in the search. The Chinese ambassador's comments appeared to be targeted not only at Nepal but also at the failure of the Indian team, according to Kathmandu-based people.

ecologically sensitive areas (ESA) of six Western Ghats states, the expert panel is planning to go beyond that. ET gathers that several measures, such as favourable loan and insurance regimes, incentivised green building norms and a clear-cut ESA regime, have been envisaged to avoid dual interpretation. The five-member expert panel, set up in July 2022 to discuss the Kasturirangan committee report recommendations with states, is expected to submit its report by September-end.

cyber criminals are targeting almost every facet of the fintech industry to gain access to critical customer data. Non-banking finance companies — account aggregators (NBFC-AAs), which has just started to take off, has now become the latest target of fraudsters. Two people in the know said the Indian Cyber Crime Coordination Centre (I4C) recently met top executives of some of the major NBFC-AAs to address issues of cyber fraud attacks and ways to tackle them.

Netflix confirms the return of Squid Game for a third season, with a release date set for mid-2025. This announcement follows the filming of both seasons 2 and 3 back to back.

West Bengal Governor CV Ananda Bose on Sunday said he respects Chief Minister Mamata Banerjee as an individual and has professional relations with her but the «politician Mamata Banerjee» is «not my cup of tea». In an interview with PTI, the West Bengal Governor, who has often been at loggerheads with Banerjee-led Trinamool Congress Government, spoke candidly about their differences. Asked about his relationship with Chief Minister Mamata Banerjee, Bose said, «Which Mamata Banerjee? There are three Mamata Banerjees in front of me.» «One is the individual Mamata Banerjee. I have a very good relationship with her. Second is the Chief Minister Mamata Banerjee. I have professional relations with her. Third is the politician Mamata Banerjee, that's not my cup of tea,» he said.

Man’s Search for Meaning (published in German in 1946, followed by an English translation in 1959), has long occupied a peculiar niche in the publishing industry. Part memoir, part moral philosophy and part psycho-social treatise, you are most likely to find the book in the all-encompassing self-help section, right next to the Dale Carnegies and the Steven Coveys of the world. And in a sense, Man’s Searchis indeed an amalgamation of all the above genres.

paddu—served at breakfast, sambar-rice for lunch and mirchi bajjis (chilli fritters) as an evening snack. She has been helming this micro-business for five years now, paying for the upkeep of three children and their education. Taiyamma’s husband, a driver in a neighbouring state capital, earns just enough to repay monthly loan instalments on a newly acquired pick-up van.

New Delhi: Facing flak over the National Eligibility cum Entrance Test (NEET) scandal, the union government plans to increase the number of undergraduate (UG) medical seats by 3,000 for the coming academic session (2024-25), taking the total to over 115,000 seats. This year's entrance tests to medical schools, known as NEET, have been hit by scandals over leaks of the exam papers. The plan approved by the National Medical Commission (NMC)—India’s apex medical education regulator—also includes approval for setting up 28 new private medical colleges.

children happily engrossed in making 'parthiv shivling' (creating shivlings out of clay) in Shahpur in Madhya Pradesh's Sagar district on a wet Sunday had no inkling that a cruel twist of fate would snatch nine of their friends forever. Nine children in the 10-15 age group were killed and two injured after a wall of a dilapidated house near a temple collapsed between 8:30am and 9am, wiping out the happiness residents of Shahpur town were deriving from the three-day 'parthiv shivling nirmaan' programme, a staple of the month of 'Saavan', underway at Hardoi Temple. «I was returning after offering water to the shivling when a wall collapsed, trapping several children who were making clay shivlings under a tent. I was stunned and could not fathom what was happening. The urn in which I had taken water for the offering fell from my hand. I shouted and people for all around rushed to help,» said an eyewitness, who was one of the organisers of the religious event. A video of his narration of the incident to local police at the site, in which he can be heard saying the programme was on for the past three days, went viral on social media soon after. «The wall collapse took place in a dilapidated house belonging to one Patel. We did not know how precarious its condition was or else we would never have erected a tent using it as support. Constant rains further weakened the structure,» he said.

Johnson Space Center, a Houston-area church takes a moment during Wednesday Bible studies and Sunday evening services to pray for two members who cannot be there. In fact, there's no way on Earth for NASA astronauts Barry «Butch» Wilmore and Tracy Dyson to show up at Providence Baptist Church. They're in space, orbiting the planet. More specifically, these two members are working on the International Space Station together. Like many astronauts before them, they brought along their faith when they launched into space. «God uses all of us in pretty neat ways, and I think I get the most joy from what I do thinking about it in those terms,» said Dyson, discussing her job on the «Bible Project» podcast ahead of her March launch on a Russian Soyuz spacecraft.

Bihar Chief Minister Nitish Kumar, his former mentor, with failure to secure tangible benefits for the state despite the BJP's dependence on him to retain power at the Centre. Kishor alleged the JD(U) boss was fretting over his party's share in the Union council of ministers and using his clout with the BJP to settle scores with detractors at the state level, instead of leveraging his position to rehabilitate the state industrially. «People are talking about special status for Bihar. I ask why Nitish Kumar could not press for the restoration of 20 sugar mills that have been moribund for years? He has been in power for nearly 20 years which shall be remembered for wasted opportunities,» the IPAC founder told reporters here.

Raj Bhavan in Bengaluru is set to emerge as the centre of action as Governor Thawarchand Gehlot weighs on a request for sanction of prosecution of chief minister Siddaramaiah as the BJP-JDS padayatra and a counter rally by the Congress have picked up momentum. The NDA partners have accused the CM of unlawfully gaining 14 plots in an upscale Mysuru residential area and have set out on a weeklong march to Mysuru from Bengaluru gunning for his scalp. The Congress too has begun a six-day rally on Friday – a day ahead of the NDA yatra – as part of a counter strategy to deflect the attention away from the BJP show.

World Cup medal winning archer Deepika Kumari has vowed not to quit unless she ends up on podium which she feels could be Los Angeles in four years' time.For Deepika, it has always been a case of not being able to display enough temperament in pressure situation at the grandest stage. «Obviously, I want to play more in the future and will continue my game,» Deepika told PTI in an exclusive interaction at the India House here. «I really want to win an Olympic medal, and I won't quit until I achieve that. I'll train harder and come back strongly,» added Deepika, who has won every international medal except for an Olympic yellow metal.

Samajwadi Party, Pathak also alleged that hooliganism and anarchy are in the DNA of the SP. The party last week had called for the DNA testing of the accused. Pathak, while reacting to SP Chief Akhilesh Yadav urging the court to order protection for the Ayodhya rape survivor considering the «sensitivity» of the case, said, «The culprits of the Ayodhya rape case will get such a harsh punishment, even their (future) generations will remember it.» Police on July 30 arrested Moid Khan, who runs a bakery in Bhadarsa Nagar of Ayodhya district, and his employee Raju Khan, in connection with the minor's rape.

Bharti Airtel is expected to report revenue of Rs 38,488 crore for the quarter ended June 30, 2024, according to the average estimates of four brokerages. This represents a 2.6% year-on-year (YoY) increase. The net profit after tax (PAT) is projected to range between Rs 2,068 crore and Rs 3,922 crore. The highest revenue estimate comes from Axis Securities at Rs 38,996 crore, while the lowest is from Prabhudas Lilladher at Rs 38,164 crore. Nuvama Institutional Equities and BNP Paribas have estimated revenue at Rs 38,600 crore and Rs 38,191 crore, respectively.

Pinarayi Vijayan announced that a township will be built to rehabilitate those displaced by the landslides in this north Kerala district, state Industries Minister P Rajeev on Sunday said a model project will be prepared for it and appealed to all sectors to join hands to achieve this goal. Speaking at a meeting of plantation owners and representatives at the Wayanad collectorate, Rajeev said the government aims to set up a safe township project with everyone's support. The minister said the rehabilitation project will be implemented through the government's distress relief fund.

equity markets around the world is clouding the outlook for investors looking to buy stocks on the cheap, as worries over the U.S. economy and disappointing tech earnings threaten more losses ahead. A two-day rout late last week left the S&P 500 nearly 6% from its July peak while the tech-heavy Nasdaq Composite extended losses to notch its first 10% correction from a record high since early 2022. Equities plunged in Europe and Asia as well, with Japan's Nikkei index losing nearly 5% for the week.

Carolina Marin withdrew in tears from her badminton semi-final on Sunday after her right knee buckled in distressing scenes. Marin, who won women's singles gold at the Rio 2016 Games, was on track to reach the final but collapsed midway through the second game against China's He Bingjiao. Coaches and He rushed to her side as she lay on the ground for several minutes, clutching her leg.