UPS Financial News

report this week, the elderly are squirrelling away money, motivated by ever-longer retirements, the risk that they will need to pay for old-age care, the inevitable uncertainty about how long they will survive and the desire to pass on assets to their children. Whereas in the mid-1990s Americans aged between 65 and 74 spent 10% more than their income, the same age group has been a net saver, in aggregate, since 2015. A similar picture is found across the rich world, from Canada to Japan.

₹234 crore at the end of 2023-24. Transactions only picked up after RBI introduced interoperability with the UPI system. But still, the volume of e-rupee transactions remains significantly lower than UPI, debit and credit card transactions in the country, which stood at ₹149.5 trillion in 2022.

In response, the Pune District Magistrate requested the deployment of an Army column to support the evacuation and relief operations. The Army's role included assisting with the evacuation of residents from Dwarka Society on Sinhgad Road, a part of the Ekta Nagar area where water levels had risen significantly. The deployment comprised over 100 personnel, including infantry troops, an engineer task force from the Bombay Engineers Group, and medical staff. The team was equipped with rescue boats, quadcopters, and other essential tools to manage the emergency and aid affected communities. The relief efforts came as a result of continuous heavy rainfall, which had already caused flooding in various parts of the district, including residential areas along the Mutha River.

WazirX is exploring all options to restore its platform following a $230 million security breach. The exchange had previously suggested socializing or distributing the losses as part of its recovery plan but faced significant backlash from customers. «We will roll out other options too as we see fit. It will be a community first and based on the consensus of our users,» WazirX said in response to a query.

Curb Your Enthusiasm. There is a young man who has claimed that when he was 17, a beautiful 37-year-old actress had “taken advantage of" him. “That’s the trauma?" jeers David, accusing him of being a fraud.

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Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.

Revenue from operations came in at Rs 519.5 crore, up 27.8 per cent from Rs 406.6 crore in Q1FY24.

India will take on Sri Lanka in the second ODI match of the series at the R. Premadasa Stadium on Sunday, the Men in Blue skipper Rohit Sharma looks forward to breaking multiple batting records. Here are the records Rohit Sharma can break in the 2nd ODI against Sri Lanka:

Yusuf Dikec, a Turkish shooter, has become a social media sensation thanks to his relaxed demeanor at the shooting range during the Paris Olympics. Dikec, a former officer in the Turkish Gendarmerie, a branch of Turkish Ministry of Interior responsible for the maintenance of the public order in areas that fall outside the jurisdiction of police forces, teamed up with Sevval Ilayda Tarhan to secure a silver medal in the mixed team 10-meter air pistol event. His unorthodox style, including casual attire and a hand casually tucked into his pocket, has caught the attention of many online. Dikec's teammate, Sevval Ilayda Tarhan, has defended his casual style, noting that Dikec’s choice of regular glasses and minimal gear is a personal preference that works for him. She also expressed pride in his newfound fame and confirmed that the team is aiming for gold at the next Olympics in Los Angeles. «But at the same time, he's very warm to people close to him,» she said. «You can crack jokes with him, share anything with him.»

Suresh Gopi on Sunday said that the Centre will examine the legality behind the demand from various quarters to classify as a national disaster the landslides that hit this north Kerala district and killed hundreds. Gopi, who is Union Minister of State for Tourism, Petroleum and Natural Gas, said that the Central government will «examine its legal aspects» after carrying out an evaluation of the landslides which wiped away hundreds of homes in Mundakkai and Chooralmala areas of the district. «The impact has to be studied,» he said. The Union MoS was speaking to reporters after arriving in Wayanad to visit the landslides-hit areas where he interacted with the rescue personnel on various aspects of the ongoing search operations.

record profits, state-owned fuel retailers Indian Oil Corporation (IOC), BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell and they booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates. IOC, the nation's largest oil firm, reported 81 per cent drop in standalone net profit in April-June — the first quarter of current 2024-25 fiscal year — to Rs 2,643.18 crore as opposed to a profit of Rs 13,750.44 crore a year back, according to a company filing. Net profit also declined sequentially, when compared to an earning of Rs 11,570.82 crore in March quarter. Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

Wayanad on July 30. For generations, the 169-km river has nourished the lives of those living along its banks in Wayanad, Malappuram, and Kozhikode. Now, its tranquil waters have turned into a waterway of sorrow, bearing the bodies of those lost in the disaster. Formed by the confluence of two major tributaries in the Western Ghats, the river has carried the bodies of most of the victims who lost their lives in the disaster.

tennis legends Novak Djokovic and Carlos Alcaraz are set to clash for the gold medal at the Paris Olympics 2024. Djokovic, 37, aims to avenge his recent Wimbledon loss to Alcaraz and secure his first Olympic gold, having previously won bronze in Beijing 2008. Meanwhile, Alcaraz, 21, is having a stellar year, winning the French Open and Wimbledon.

retail investors' derivative market bets may help the banking system garner the much-needed deposits, SBI Chairman Dinesh Kumar Khara has said. Khara said the budget announcements like the tweaks on the short-term and long-term capital gains will not lead to much gains from a deposit accretion perspective. «F&O (future and options) kind of things are being discouraged for the retail (investor) by the regulator. Those who are resorting to such kind of an instrument, they might come back to the banking system,» Khara told PTI over the weekend. It can be noted that concerns over losses incurred by 90 per cent of investors in the derivative trades have led to fears of household savings being blown in speculation rather than being deployed for productive purposes among policymakers.

Everywhere you look, the world’s politicians face tough economic choices. In many countries, they must raise taxes, cut spending or put up with high interest rates to keep inflation in check and make room for investment in the future. China is different.

Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so.

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₹164,999/$1,970) and Flip 6 ( ₹109,999), on this note, are in their sixth generations, while the Moto Razr 50 Ultra ( ₹94,999) is in its fifth generation. Are they good enough to replace any other ‘typical’ flagships, such as the Apple iPhone 15 Pro ( ₹129,800), Google Pixel 8 Pro ( ₹106,999) and Samsung’s own Galaxy S24 Ultra ( ₹129,999)—in terms of features, practicality, and most importantly, durability? The first point that arises in conversations on choosing the right smartphone today is practicality.

Ur, possibly the oldest board game in the world, discovered in a 4,400-year-old royal tomb in Mesopotamia in the 1930s. Mukherjee has a replica he got from the British Museum in London. “It’s a fairly simple two-person game but the rules were discovered much later," he says.

Putin has offered humanitarian aid to North Korea, which has been hit by heavy rainfalls and floods, Pyongyang's state media KCNA said on Sunday. Relations between the two countries have grown closer, and Putin made the offer in a message to North Korean leader Kim Jong Un delivered on Saturday via the Russian embassy in Pyongyang. The Russian leader's message expressed sympathy and support. Putin displayed «his willingness to provide immediate humanitarian support for the recovery from the flood damage,» KCNA said.