UPS Financial News

India is keen to fast-track longstanding talks with Sri Lanka on setting up a power grid link between the two neighbours for electricity trading, especially renewable energy. The aim is to eventually sign a memorandum of understanding between state-owned Power Grid Corporation of India and Sri Lanka's Ceylon Electricity Board, said people familiar with the matter. «Discussion is still going on with the Sri Lankan government on the grid connectivity project,» an Indian government official said. The grid connectivity project is being planned through both overhead and under-sea cables, a second official added. Power Grid didn't respond to ET's queries.

The S&P 500 is up over 15 percent so far in 2024 after last year’s 24.5 percent return. The VIX, aka the ‘fear index,’ is bumping along at record lows. And even the gold bugs are feeling chipper with the yellow metal up over 12 precent year-to-date.  

CBI takes over NEET paper leak case from the Economic Offence Unit of Bihar Police and the Union education ministry constituting a committee to look into the loopholes in the system and suggest reforms to streamline the examination process, the probe by Bihar Police has thrown up some red flags which will form the crux of future probe and reforms in the case. Habitual Offenders The names which have come up in the NEET paper leak are not new. They have a history of paper leaks. Sanjeev Mukhiya, still absconding, has been in jail in the past on similar cases. His son, Dr Shiv Kumar, is in jail in relation to the paper leak of the Bihar Public Service Commission Teachers Recruitment Examination. Others too have been in the business for long with inter-state networks, which gets activated when a big examination like NEET is announced.

cement sector, say watchers, may intensify with the Adani group announcing ambitious future expansion plans, but for now, the Kumar Mangalam Birla group has seemingly consolidated its position with a 23% stake in India Cements, expanding its footprint in the country's biggest regional market with among the highest per capita incomes. While the Adani group has unveiled a $3-billion war chest aimed at expanding through acquisitions in the cement sector, the significant gap between the Birla group and its nearest competitor remains a formidable challenge. UltraTech's annual organic capex has been estimated to be $1-1.2 billion. «It has been Birla group's strategic initiative and efforts over 36 years to get UltraTech to reach the 100 MTPA capacity. In fact, 50 MTPA has been added in just 5 years and in the last 12 months alone, UltraTech has added about 19 million tonnes of capacity. Leadership position is not an overnight development,» said an official close to the development.

NEET and UGC-NET paper leak, President Droupadi Murmu emphasised that her government is committed to an impartial probe and will ensure that those involved in the crime are given the severest sentence. In her first address to the joint sitting of Parliament after the constitution of the 18th Lok Sabha, President Murmu also brought up the 1975 national emergency, terming it an attack on the Constitution and a «dark chapter». Her remarks came a day after Speaker Om Birla moved a resolution in the House against the Emergency. The ruling coalition has raked up Emergency as a counter to the INDIA bloc attacking it on the alleged threat to the Constitution under the new regime.

situation on Boeing's Starliner brings back the memory of the National Aeronautics and Space Administration's (NASA) “successful failure" mission that stunned everyone 54 years ago.Marred by an explosion on a spacecraft, three astronauts were left "swinging around the moon", over 2,05,000 miles away from Earth. The year was 1970, the mission was Apollo 13 and the US' third attempt to land on the Moon, near the crater Fra Mauro, had turned into a survival challenge for the crew.‘Houston, We’ve Had a Problem’ – the phrase that has now become famous was radioed from Apollo 13 to Mission Control upon a catastrophic explosion that dramatically changed the mission.

Margex, a popular derivatives crypto exchange, has just announced a $5,000,000 $HMSTR airdrop for its customers.

Kentucky will start taking applications Monday to sell, process or grow medical marijuana for the state program launching at the beginning of 2025

The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices

The Supreme Court has rejected a settlement for OxyContin maker Purdue Pharma and members of the Sackler family who own the company

Former Federal Reserve Bank of St. Louis President and CEO James Bullard looks ahead to the next rate decision, unpacks jobs data and reacts to Yellens housing development.

Laffer Tengler Investments CEO and CIO Nancy Tengler explains why she's recommending investing in equities over bonds for the long term.

Everyone has too many passwords

The Czech Republic’s central bank has cut its key interest rate for the fifth straight time as inflation remains low and the economy shows signs of recovery

The Canadian government has ended the Newfoundland and Labrador cod moratorium, which gutted the Atlantic-coast province’s economy and transformed its small communities more than 30 years ago

Tesla must fix air quality problems at its electric vehicle manufacturing facility in the San Francisco Bay Area after racking up more than 100 violations for allegedly releasing toxic emissions into the atmosphere over the last five years

The Supreme Court has cleared the way for Idaho hospitals to provide emergency abortions for now in a procedural ruling that leaves key questions unanswered

European Union leaders are poised to approve Ursula von der Leyen, António Costa and Kaja Kallas as the heads of the 27-nation bloc’s top institutions for the coming years

The Supreme Court has rejected a nationwide settlement with OxyContin maker Purdue Pharma that would've shielded Sackler family members who own the company from civil lawsuits over the toll of opioids but also would've provided billions of dollars to c...

Russia's war against Ukraine has led many people in neighboring Poland to invest in gold

The Fourth of July is right around the corner, and the travel rush is already heating up