Record News

Deutsche Bank on Wednesday reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations despite an 8% fall on the previous year and ongoing struggles in the lender's investment unit.

Ladder7 Financial Advisories said, “Arbitrage fund is a low-risk fund that can possibly give four to five per cent returns every year. This will be a good place to park for any short-term needs as this is treated as an equity fund for taxation purposes. The STCG tax is hence only 15 per cent till the completion of 12 months and 10 per cent after that after the initial LTCG amount of ₹1 lakh." Hiren Thakkar, Chartered Accountant Proprietor, Hiren S Thakkar & Associates explains how this is the perfect time to invest in arbitrage funds due to uncertainty and high valuations.

PTI, speaking to a large crowd during the Shiv Sena's Dussehra rally at Azad Maidan, Shinde, said, “I am aware of their pain and sorrow. The Justice Shinde (retd) committee is working 24 hours and a curative petition has been filed in the Supreme Court (which had struck down the Maratha quota) and it has been admitted.

First it was Ford, then Stellantis, and now a General Motors factory has been added to the growing list of highly profitable plants where the United Auto Workers union is on strike

Google parent Alphabet on Wednesday reported a net profit of $19.6 billion for the quarter ended September 30 as compared to $13.9 billion during the same period last year. “I’m pleased with our financial results and our product momentum this quarter, with AIdriven innovations across Search, YouTube, Cloud, our Pixel devices and more,"

Catch all Updates on AQI levels in Delhi, Mumbai and other cities here. Congress leader Deepender Singh Hooda on Tuesday said the Manohar Lal Khattar-led BJP government did not pay attention to Haryana's air quality for the past 9-10 years. Citing a report on the AQI, the Congress MP also informed that nine cities of Haryana were included in the top 27 most polluted cities in the world. While speaking to news agency ANI, Hooda said, "Air pollution is a serious issue.

Also Read: Microsoft Q3 Results: Revenues rise 13% to $56.5 billion, beating analysts estimates By contrast, revenue from Microsoft's Intelligent Cloud unit, which houses the Azure cloud computing platform, grew to $24.3 billion, compared with analysts' estimate of $23.49 billion, LSEG data showed, Reuters reported. Azure revenue rose 29%, higher than a 26.2% growth estimate from market research firm Visible Alpha.

Jeremy Renner has revealed that he has recorded a collection of songs marking «different milestones in my journey of recovery» since his snowplough accident in January this year. The Marvel star said he will soon release the collection titled 'Love and Titanium'.

Alphabet's cloud business crawled to its slowest in at least 11 quarters, sending the company's stock down 5.7% after hours, even as sales at rival Microsoft's cloud unit boomed. The drop in Google's share price despite beating Wall Street estimates for profit and sales, shows how much investors want the company to deliver gains in artificial intelligence, and show the cloud business remains competitive against a more powerful Azure from Microsoft and Amazon.com's AWS. Fears of a slowing global economy have prompted companies to curb spending on cloud-related services, including expensive AI tools, which has slowed revenue growth at Google's cloud unit to 22.5% in the third quarter, from 28% in the prior three-month period. Google Cloud third-quarter revenue rose 22.5% to $8.41 billion, the slowest growth since at least the first quarter of 2021. The cloud unit reported a operating income of $266 million, compared with an operating loss of $440 million a year ago.

national capital on Wednesday morning was recorded in the 'moderate' category, with the Air Quality Index (AQI) at 190, as per SAFAR-India. As per the latest data from the System of Air Quality and Weather Forecasting and Research (SAFAR), the air quality around Delhi University was recorded at 273 (poor) in the morning hours, while the IIT area in New Delhi was at 173 today. According to the SAFAR, the air quality in Lodhi Road was recorded at 149 which falls in the 'moderate' category. As per SAFAR-India, the air quality stands at 190 this morning in areas including Signature Bridge and Akshardham. As per the data, the AQI stood above 300 in at least 13 pollution hotspots in Delhi on Tuesday. Meanwhile, Noida recorded an AQI of 219 (poor) and Gurugram 169 (moderate). The statement said that the predominant surface wind is likely to come from Northwest directions in Delhi with wind speeds 12-16 kmph becoming calm in the evening, with clear sky and mist in the morning on October 26. Though the SAFAR India bulletin issued on Monday predicted the air quality to be at the lower end of the very poor category on October 26 today morning it was recorded to be in the moderate category. A cyclist near India Gate, Suyog Salukhe, while speaking to said that the poor air quality in the city is taking a toll on the health of the people. «The winters have not even begun but the pollution level is already going up. As cyclists, when we step out of our house at 5 am, we expect the air to be pure but that is not the case these days.

Dividend stock 2023: In this truncated week on Dalal Street, Infosys shares would be in focus today as the Indian IT major is going to trade ex-dividen today. The board of directors of Infosys Ltd has already declared ₹18 per share interim dividend for its eligible shareholders payable during the current fiscal. The company board also fixed Infosys dividend record date on 25th October 2023.

As George Orwell said in Politics and the English Language, the decline of language ultimately has political and economic causes. Stockbrokers in India use empty phrases as a tribute to corporate power.

Sydney private debt investor Revolution Asset Management has dipped into Bank of America’s Sydney ranks to recruit a portfolio manager.

PwC’s global revenue growth lagged behind its big four rivals Deloitte and EY in its latest financial year, according to newly published figures.

Long-serving banking analyst Brian Johnson has resurfaced six months after he left US investment bank Jefferies, Street Talk can reveal.

Automotive News executive editor Jamie Butters discusses the expansion of the UAW strikes and its impact on car buyers.

Ty Dolla $ign and Kanye West are gearing up to treat their fans to a massive listening event for their upcoming joint album. In a simple Instagram announcement on October 23, Ty Dolla $ign unveiled plans for a «multi stadium listening event» set to take place on November 3. This news comes in the wake of earlier reports from Billboard on October 13, revealing that the two artists were actively pitching their collaborative project to distributors. While fans have been eagerly waiting for this new album, the recent announcement is sure to stoke the flames of excitement.

credit cards fell 4.2% in September to ₹1.42 trillion from ₹1.48 trillion in August, the latest data released by the Reserve Bank of India showed. Credit card spending declined for all major issuers, except IndusInd Bank, which reported a 10.9% growth. State Bank of India, Axis Bank, ICICI Bank, and HDFC Bank reported month-on-month declines of 8.9%, 8.4%, 4.9%, and 1.8%, respectively.

NEW DELHI : India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. The trades are routed through global financial centres like Singapore and Dubai. Russia’s trade with China hit a record after its invasion of Ukraine, and the Western sanctions that followed redirected much of its energy exports to Asia.

NEW DELHI : The government plans to make it mandatory for consultants working on road construction projects to enter into ‘integrity pacts’ in keeping with global best practices. Such consultants will also have to show how much local sourcing they have in their service to bring in sync with the government’s public procurement guidelines.To be sure, the anti-corruption pact for consultants is not legally enforceable. However, it has also been made mandatory for builders contractors working on projects for individual public sector units such as the National Highway Authority of India.

MUMBAI : Retail investors who entered the market in the past two months through September will be worst affected if the broader market indices pull back further from current levels amid surging bond yields in the US and the Israel-Hamas war in West Asia. According to National Stock Exchange (NSE) data, retail investors who directly buy and sell shares on its secondary market made net purchases for a second straight month in September, amounting to ₹7,500 crore.