COST Financial News

Cybersecurity software company CrowdStrike is firing back at Delta Air Lines

Japan's Nikkei 225 stock index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected and dumped a wide range of shares

CSX railroad’s second quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse that disrupted coal exports

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Nitin Gadkari said on Monday that many Indian companies are setting up plants to produce 100 per cent ethanol-run cars and two-wheelers in India. Gadkari came to Parliament in a similar vehicle produced by Toyota and while talking to the media said, «This is the world's first vehicle which has a flex engine and complies with emission norms of Euro 6. It gives net zero emissions. Runs on ethanol produced from sugarcane juice, molasses, and corn.» Recently, Toyota has announced for setting up of a plant to produce flex cars in Aurangabad, Maharashtra, with an investment of Rs 20,000 crore. Gadkari says Tatas and Suzuki are also working on producing 100 per cent ethanol or flex engine cars.

Amazon India is also offering a variety of financing options to make purchases more affordable. Customers can benefit from up to 24 months of no-cost EMI, exchange offers worth up to ₹50,000, and coupon offers valued at up to ₹5,000. These options make it easier for shoppers to spread the cost of their purchases over a period of time without incurring additional interest.For those in need of mobile accessories, the festival has some fantastic deals.

Bengaluru: Global Capability Centers (GCCs) in India have leased approximately 53 million square feet of office space in key Indian cities between 2022 and the first half of 2024, such as a highly skilled workforce, cost advantages, and favourable business conditions, according to CBRE and Zyoin's latest report. This growth is expected to continue, especially in India's top six metropolitan areas like Bengaluru, Hyderabad, Chennai, Pune, Delhi-NCR, and Mumbai, due to factors which boast exceptional talent pools that are conducive to expansion and future development. In the first half of 2024, office leasing activity in the GCC (Gulf Cooperation Council) region across six significant cities increased 8% year-on-year. During the same period, GCCs contributed to around 37% of India's total office leasing activity.

Smaller and mid-sized registered investment advisor firms are the focus for two new technology offerings from Fidelity Investments.

Why SBI is comfortably placed despite slow growth in deposits The rising costs of labour and materials were a particular bother for services providers. Within materials, the cost increase was attributed to dearer eggs, meat and vegetables. Lately, both services providers and manufacturers have been hiking prices to pass on their rising input costs to customers.

NEW DELHI : India's largest airline IndiGo (InterGlobe Aviation Ltd), which offered low-cost all-economy seats so far, has announced the launch of ‘IndiGo Stretch’ business class. The airline, which started in 2006 with 100 aircraft in the pipeline, now has a fleet of over 380 aircraft and expects to receive more than 970 aircraft over the next decade. Mint spoke to the airline's promoter and managing director, Rahul Bhatia, about the airline's journey and what lies ahead as it enters the next phase of business with long-haul operations and business class seats.

Diversification has become a strategic imperative for organisations seeking sustained growth and resilience. By expanding into new markets, products, or services, businesses can mitigate risks associated with economic downturns, industry shifts, and unforeseen challenges. The data centre industry stands as a prime example of this trend.

Americans are finding it harder save in the current economic climate with back-to-school costs adding to the challenge.

Read this | Where are India’s missing investment advisers? In a hospital, you trust that doctors are professionally qualified and experienced enough to prescribe medications or perform surgeries. Similarly, in legal matters, you know that your lawyer holds at least a Graduate degree with an LLB, the minimum qualification for practicing law. However, when it comes to financial advice, you often overlook the qualifications or certifications of the advisors you rely on.

tech companies have again resorted to job cuts to rein in costs, even as advancements in generative artificial intelligence continue to disrupt business. So far this year, 384 tech companies have fired 124,517 employees, according to layoffs tracker website Layoffs.fyi. Chip major Intel, Windows maker Microsoft, Tinder parent Match are among the companies that have announced mass layoffs so far. Back home, Indian tech startups are also shedding jobs amid a difficult funding environment and overall valuation reset.

₹3.7 trillion with an available for sale (AFS) portfolio of ₹2.8 trillion, which can be sold to fund the growth in advances if needed. Therefore, the bank does not feel the need to raise deposits through aggressive pricing. Even though the net interest margin (NIM) in percentage terms came down by 12 basis points year-on-year to 3.35%, the lower growth in deposits vis-a-vis advances meant that absolute net interest income rose by 5.7% to ₹41,135 crore.

Sandip Sabharwal, asksandipsabharwal.com, says FMCG, auto, and consumer durable companies are very well-placed because they are at the cusp of demand recovery. The input cost pressures are lower. They do not have pressure to reduce prices at this stage and as we go into the festival season, demand will be strong. So, they are well-placed and those should be the sectors that should be looked at, at the time of corrections. In the consolidation or pause that we have seen in the few odd days in the last fall, pharma has been a lot more resilient, and rightly so. Some of the earnings have managed to impress. Will the pharma recovery also get undone or do you think that is a good hiding space? Sandip Sabharwal: In terms of a defensive sector, pharma is well-placed today. It is an under-owned sector. Companies’ result delivery has been strong relatively, like there have been few companies which have not delivered, but on the whole delivery has been pretty strong.

job creation, despite elevated cost pressures pushing up selling-price inflation to a seven-year high, a survey showed. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell marginally to 60.3 in July from 60.5 in June and was considerably below a preliminary estimate of 61.1. However, the overall pace of expansion was sharp and the index remained above the 50-mark that separates contraction from expansion for the 36th straight month.

SBI, while JPMorgan has a neutral rating on Amara Raja. Citi also has a buy call on UPL.

Zomato Ltd is known for its quick delivery, but investors in its shares seem equally fast or even faster in rewarding the online food delivery company’s financial performance. At least, that’s the impression one gets going by the 12% surge in the stock on Friday reacting to the positive surprises in the June quarter results (Q1FY25). This time around, the strong customer addition of the food delivery segment, which is already profitable at the adjusted Ebitda (excluding Esop) level, is commendable.

iPhone was stolen in the bustling Chandni Chowk market in Delhi, he smirked and told his friends to remain calm. The police were able to track the device within 30 minutes as it had an embedded SIM (eSIM) which cannot be physically removed from the phone unlike a normal SIM Card. An eSIM can be tracked even when a phone is switched off. In another instance, an oil refinery in Assam was able to fix leakages and prevent accidents within a few seconds as several Internet of Things (IoT) devices with eSIMs sent live alerts to a centralised provisioning system. Virtual SIMs or eSIMs offer several advantages to retail and enterprise phone users. However, the pace of adoption in India has been sluggish so far, mainly due to a Chinese government policy, executives and experts said.

RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to a neutral stance in the next quarter that coincides with the country’s traditionally busy economic season. An ET poll consisting of 12 respondents unanimously predicted the RBI’s Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its three-day meeting on August 8. This would mark the ninth consecutive bi-monthly meeting in which the rate-setting panel could maintaine a status quo on rates. The repo rate is the rate at which the RBI lends to banks.