UBS posts fall in quarterly profit to $1.35 billion, sets ambitious new targets

LONDON — UBS on Tuesday reported a fall in quarterly profit, but beat analyst expectations and set ambitious new profitability targets as part of a strategic update.The Swiss bank posted net profit attributable to shareholders of $1.35 billion for the fourth quarter. This was down from $1.64 billion a year earlier, and also lower than…Continue Reading

Stock futures dip after S&P 500 wraps up worst month since March 2020

Stock futures declined early Tuesday morning after Wall Street wrapped up a tumultuous month with steep losses as investors grappled with the Federal Reserve’s policy shift.Futures on the Dow Jones Industrial Average fell 71 points. S&P 500 futures traded 0.3% lower, and Nasdaq 100 futures was down 0.28%.While stocks pulled off a tech-driven rally Monday,…Continue Reading

‘Britain’s Bill Gates’ is facing extradition to the U.S.: Here’s all you need to know

Mike Lynch, former CEO of Autonomy.Hollie Adams | Bloomberg via Getty ImagesLONDON — Mike Lynch, one of the U.K.’s most notable tech entrepreneurs and a man that has often been referred to as “Britain’s Bill Gates,” is on the brink of being extradited to the U.S. to face criminal charges related to the sale of…Continue Reading

Rs 60,000 cr allocated to provide tap water connections to households: FM

Presenting the Union Budget 2022-23, she also informed that the government has decided to extend the period of incorporation by one year up to March 31, 2023, for startups to avail tax incentives Topics Budget 2022 | Nirmala Sitharaman | Budget Speech Representative image Finance Minister Nirmala Sitharaman on Tuesday said Rs 60,000 crore has been allocated to provide…Continue Reading

Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion

Plan outlay set at Rs 100 trillion for multi-modal connectivity; 16 ministries to work on integrated infra development, including railways, roads, oil and gas, power, telecom, shipping and aviation Topics highway | National Highways | Union Budget Shine Jacob  |  Chennai  Last Updated at February 1, 2022 13:01 IST As part of its mega investment plan, India is set…Continue Reading

Budget 2022: Modi govt’s final Rs 51,000-crore goodbye to Air India

In a final goodbye of sorts to Air India, finance minister Nirmala Sitharaman announced the allocation of Rs 51,000 crore towards clearing Air India’s dues to various banks. This assumes significance since after the sale of Air India to the Tata group, almost Rs 46,000 crore of the airline’s Rs 61,000 crore debt was supposed…Continue Reading