Boost Financial News

By David Shepardson

China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery sputters in the world's second-biggest economy. The finance ministry said in a brief statement on Sunday it was reducing the 0.1% duty on stock trades «in order to invigorate the capital market and boost investor confidence». Reuters reported on Friday that the authorities were planning to cut the duty by up to half after a key share index fell to nine-month lows. «Such a policy will likely give a short-term boost to the market but won't have much effect over the long run,» Xie Chen, a fund manager at Shanghai Jianwen Investment Management Co, said before the announcement.

A Trans Mountain company report reveals new details about what triggered massive cost overruns within its pipeline expansion project, including problems it says were caused by an abandoned landfill site.

₹19,000 crore. "It would be a major boost towards achieving the goal of self-reliance in defence manufacturing as these ships will be indigenously designed and constructed by HSL, Visakhapatnam," the ministry of defence said in a statement.

Employees Provident Fund Organisation (EPFO) is in talks with the Finance Ministry to find out the possibility of reinvesting its money in the stock market from exchange-traded funds (ETFs), reported Economic Times in its report. According to the report, EPFO is also mulling over to implement a strategy to optimise equity returns while shielding gains from market volatility.

share buyback plan and reported upbeat second quarter results led by strong demand for its artificial intelligence (AI)-focused chips. Nvidia’s second quarter revenue of $13.51 billion beat analyst expectations.

By Arriana McLymore

By Amruta Khandekar and Shristi Achar A

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Lawyers and other professional advisers regard artificial intelligence tools such as ChatGPT as another vehicle to boost profits, and are looking forward to junking menial work as the technology improves.

Grab Holdings forecast a smaller operating loss for the current year and pulled forward its profitability timeline on Wednesday, as cost savings from its recent workforce reduction supplement strong demand for its food delivery and ride-share services. The Southeast Asian internet firm also delivered better-than-expected results for the last quarter, sending its U.S.-listed shares up 9%. The company now expects to break even on an adjusted core earnings basis in the current quarter ending September, ahead of its earlier fourth-quarter target. Moreover, it expects $80 million in annualized cost savings from the recent changes, including layoffs. Grab is undergoing a restructuring focused on lowering costs, with measures including cuts to its cloud bill and consumer and worker incentives. In June, the company reduced around 1,000 roles, or about 11% of its workforce, in its biggest round of layoffs since early 2020, when the pandemic began. It now sees adjusted loss before interest, taxes, depreciation and amortization between $30 million and $40 million, compared to its earlier forecast of $195 million to $235 million. «While we tried to optimize our bottom-line, we're also making sure that we can continue to grow our business,» Grab CFO Peter Oey said in an interview. «There's still a lot of opportunity in mobility.

The numbers tell the story. Just before the pandemic, India was spending a paltry 1.2 trillion rupees ($15 billion) on research and development. Since at least 1995, R&D expenditure has remained stuck at around 0.7% of gross domestic product, with less than two-fifths of it coming from the private sector.

An SEC split along party lines approved rules Wednesday to increase the transparency and oversight of private funds, a move that could make it more expensive for investment advisors who manage such funds.

₹295, recliner seats are limited to ₹350. Likewise, in Andhra, ticket prices are capped at ₹177 and ₹295 respectively. Tamil Nadu has capped the rates at ₹150, which does not include goods and services tax, and local taxes.

health care , food processing, education, startup, hospitality and logistics sectors and highlighted the industry potential of the state.

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By Fatos Bytyci and Florion Goga

Rugby Australia will gain control over key management, coaching and talent decisions at the country’s five Super Rugby clubs in a major restructure designed to dramatically improve performance and unify the sport.

Nirmala Sitharaman Tuesday called for further simplification of official processes to ensure maximum and effective delivery of public services. Consistency in the reform policy, with focus on individual and institutional efficiencies, will come in handy in the delivery of such services, she said at the 'Chintan Shivir' deliberations being held at Kevadia in Gujarat. The discussions are being held on the role that the ministries of finance and corporate affairs will play in ensuring India's emergence as a developed nation by 2047, a goal set by Prime Minister Narendra Modi. Sitharaman exhorted officers of her ministries to go beyond their set roles and optimally utilise the vast pool of government resources for nation-building, the finance ministry said in a statement.

Infosys Foundation USA will provide USD 200,000 (about Rs 1.6 crore) to support tech careers in Indiana, it said in a statement on Tuesday.

PensionPlus and Capital Group announced a partnership Monday aimed at launching a lifelong personalized paycheck service for retirees. The companies say the program will complement the Capital Group and American Funds target-date retirement series and will be offered to select retirement plan participants.