COST Financial News
11.11 / 09:23
COST
UPS
Provident
security
economy
Food
It is time India started indexing tax slabs and exemptions with inflation
Subscribe to enjoy similar stories. NEW DELHI : One of the big stories of the Indian economy has been the sharp increase in personal income tax collections. The personal income tax collection (excluding securities transaction tax) stood at ₹4,52,286 crore in April-August 2024-25, up 25.5% from ₹3,60,381 crore in the year-ago period.
11.11 / 06:55
11.11 / 06:55
COST
Fighting
Experts
country
reports
International
UN climate talks to focus on money to help poor nations cut carbon pollution
Experts calculate that curbing and coping with global warming is going to cost trillions of dollars and poor nations just don’t have it
11.11 / 05:25
11.11 / 04:23
markets
COST
Digital
Mobile
Apple
International
After cost-cutting and 15,000 layoffs, Intel reintroduces free tea and coffee to boost employees morale
Intel announced it will reintroduce free coffee and tea for its employees after removing several workplace perks earlier this year as part of extensive cost-saving initiatives. The decision to restore the beverages comes as the company attempts to bolster employee morale following a challenging year, which included workforce reductions and benefit cutbacks.
11.11 / 03:43
COST
Dash
Aviat
Airlines
wellness
Courts
Jet Airways’ liquidation wasn’t the ideal way out of insolvency
Subscribe to enjoy similar stories. The Supreme Court (SC) last week finally brought down the guillotine on Jet Airways, thereby putting a hard stop to a painfully prolonged insolvency resolution process that had kept the ailing airline on artificial respiratory support. Jet Airways was a child of economic liberalization in the early-90s that had opened India’s aviation skies to private operators.
11.11 / 00:23
COST
UPS
Target
MET
Manufacturing
Mobile
Electric 3-wheeler subsidies for FY25 halt as sales hit cap
Subscribe to enjoy similar stories. New Delhi: The removal of a central government subsidy will likely make popular electric three-wheelers dearer for the rest of this fiscal, potentially disrupting their sales from manufacturers such as Bajaj Auto, Mahindra Last Mile Mobility and Piaggio, among others. The annual cap for number of subsidised e-three wheelers under the PM E-Drive scheme has almost been reached for this fiscal, and the Centre has decided not to extend the subsidies beyond the cap for FY25.
11.11 / 00:23
COST
UPS
wellness
performer
reports
SBI’s core performance soft in Q2FY25
Subscribe to enjoy similar stories. State Bank of India Ltd (SBI) has reported an impressive jump of 51% year-on-year (y-o-y) in its September quarter (Q2FY25) standalone pre-provisioning operating profit (PPoP) to ₹29,295 crore. But a closer look reveals that the results are not as strong.
11.11 / 00:23
COST
UPS
Aware
Sustainability
Trade
President
medicines
Nifty earnings growth estimate for FY26 looks tough: Kotak MF's Nilesh Shah
Subscribe to enjoy similar stories. Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current fiscal, believes Nilesh Shah, managing director (MD) of Kotak Mahindra Asset Management Co.
10.11 / 19:49
markets
COST
Digital
Experts
PAM
Rate cut or pricier deposits, SBI can protect NIM: Setty
State Bank of India (SBI) has a 35-basis-point cushion on its benchmark marginal cost of funds-based lending rate (MCLR) that it can choose to pass on to borrowers if deposit rates harden further, Chairman CS Setty told analysts in a post-earnings call. One basis point is a hundredth of a percentage point. India's largest lender has hiked its MCLR by 30 basis points in the first half of this fiscal, responding to higher costs of deposits. The last hike by the bank was effective from October 15. The bank's one-year MCLR rate is currently at 8.95%. One basis point is 0.01 percentage point.
10.11 / 11:51
COST
Citi
WhatsApp
Nov
wellness
reports
PM Modi to lay foundation stone for AIIMS Darbhanga on Nov 13
AIIMS Darbhanga, state Health Minister Mangal Pandey said on Sunday. Speaking to reporters, Pandey said Modi will be in Darbhanga on Wednesday when 'bhumi pujan' for the super-specialty project will also take place in the presence of a host of other dignitaries, including Chief Minister Nitish Kumar and Union ministers Chirag Paswan and Jitan Ram Manjhi.
10.11 / 06:57
COST
security
Pool
social
consequences
strain
The hidden costs of family financial dependence—and how to strike a balance
Subscribe to enjoy similar stories. In India, family is often seen as the core unit of social and financial security. Families frequently pool their resources to meet collective financial needs.
10.11 / 02:45
markets
COST
Digital
Election
community
social
Trump urges his supporters to donate to Democrats to help them in 'financial crisis'
Donald Trump urged his supporters to donate to Democrats to help them overcome the «financial strain» in the aftermath of the general elections. In a social media post, Trump expressed his surprise that the Democrats didn't have lots of dollars left over.
09.11 / 16:19
COST
Target
Manufacturing
Discover
reports
Investigations
Arizona regulators fine natural gas utility $2 million over defective piping
A natural gas utility that serves more than 2 million customers in Arizona, Nevada and parts of California is being fined $2 million by regulators in Arizona
09.11 / 15:37
09.11 / 04:55
markets
COST
Digital
Strategy
Sustainability
awards
innovations
How employee engagement ensures sustainable success of an organisation
Indian Cricket Team under the leadership of MS Dhoni.
09.11 / 02:33
COST
Target
Trade
country
beautiful
strain
Companies have a playbook for tariffs under Trump. It includes price increases.
Subscribe to enjoy similar stories. Companies are weighing possible price increases in response to any new tariffs proposed under the incoming Trump administration, a step that some finance chiefs say they’re wary of taking as customers feel the strain of inflation. President-elect Donald Trump has talked about a tariff of 60% or more on goods from China and an overall tariff of 10% to 20% on imported goods.
09.11 / 02:33
COST
UPS
security
Southern
President
country
Courts
Trump advisers ramp up work on mass deportation push
Subscribe to enjoy similar stories. WASHINGTON : Advisers to President-elect Donald Trump are drawing up plans to carry out his mass deportation pledge, including discussing how to pay for it and weighing a national emergency declaration that would allow the incoming administration to repurpose military assets to detain and remove migrants. The behind-the-scenes discussions, which started months before the election and have picked up in the days since Trump’s victory, include policy changes required to increase deportations, according to people working on the presidential transition, members of Congress and others close to the president-elect.
09.11 / 01:03
COST
Provident
Target
Action
Trade
country
India to pitch for grants and concessional loans, instead of investments, at COP29
Subscribe to enjoy similar stories. New Delhi: India plans to leverage its climate commitments to pitch for grants and concessional loans, instead of investments for the Global South, at the upcoming climate negotiations in Baku, two people aware of the matter said. This comes on the backdrop of the global loss and damage fund agreed upon at the Egypt accord and operationalised at COP28 failing to gain traction.
08.11 / 22:51
COST
CEO
wellness
show
reports
International
Alberta fires entire AIMCo board, relieves CEO of duties, due to 'significant' cost increases
The Alberta government has jettisoned the entire board of Alberta Investment Management Corp. (AIMCo), as well as CEO Evan Siddall, saying the investment manager of pensions, government and endowment funds in the province has seen “significant” increases in operating costs and management fees in recent years “without a corresponding return on investment.”
08.11 / 19:55
COST
UPS
Target
Trade
country
Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump's tariff pledge
Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for the return of President-elect Donald Trump who has pledged to slap steep tariffs across the board on imports from other countries
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