COST Financial News

North Carolina state regulators now say a nonprofit run by the wife of North Carolina Lt. Gov. Mark Robinson must repay $132,000 for what they call disallowed expenses while carrying out a federally funded child care meal program

by Dave Fazekas and Brendan McCurdy

Colgate Palmolive India reported a 33% rise in first-quarter profit on Monday, boosted by price hikes and steady domestic demand. The company's net profit rose to 3.64 billion rupees ($43.5 million) in the April-June period from 2.74 billion rupees a year earlier.

The Bahnsen Group founder and CIO David Bahnsen surveys the real estate market as younger homebuyers struggle with the ongoing housing crisis. 

best time to visit Bangkok. While the cooler months from November to February are traditionally favoured for their pleasant weather, August, often overlooked, is actually a fantastic time to experience this bustling metropolis. During August, the city is lush and green, with fewer crowds and unique cultural events that offer a deeper insight into Thai traditions.

Reserve Bank of India said that global acceptability of the UPI and the development of CBDCs — can lower the cost of remittances, enhance their volume and also inflows to the recipients.

MUMBAI : ICICI Bank’s core operating profit grew by 11% year-on-year in the June quarter (Q1FY25) to ₹15,412 crore. But it should be noted that a good part of this growth was aided by almost tripling of the dividend income from group companies to ₹894 crore. Excluding dividend income, core operating profit increased by 7%.

Bombay High Court on Monday imposed a cost of Rs 4 crore on Patanjali Ayurved Ltd for the alleged breach of a 2023 interim order that restrained the company from selling its camphor products in relation to a trademark infringement case filed by Mangalam Organics Ltd. A single bench of Justice R I Chagla noted that there was a «wilful and deliberate» breach of the court order by Patanjali.

«Going forward, quarter two will be better than quarter one and quarter three and four are definitely our best quarter in terms of advances, so that will continue, that clearly is going to happen. Our focused attempt on improving portfolio quality over the last two years and very specifically, April 23 onward, some of the specific initiatives that we took are holding up extremely well,» says Ratan Kumar Kesh, Interim MD & CEO, Bandhan Bank. First, let us talk about the numbers because your interest income is higher by 22%, NII uptick of 20%. What, according to you, are the levers in place to keep such kind of growth numbers coming in for the next few quarters as well? Ratan Kumar Kesh: Broadly, the levers are simple and basic in nature. Our ability to grow our advances quarter-on-quarter has been established in the last year. In quarter one, it generally is a muted quarter for us and we generally de-grow. What we have been able to establish this year, first quarter, is that we have been able to deliver a stable growth and that is something which is important.

More U.S. manufacturers are rethinking their plans as they brace for an extended slump in demand. Higher interest rates, rising operating costs, a strengthening U.S.

SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank.

Mint explains some of the amendments in the budget that are applicable to international transactions. Until now, investing in international stocks attracted a long-term capital gains (LTCG) tax rate of 20% with indexation benefit—adjusting for inflation—if the stocks were held for more than 24 months.

equity markets to record highs in the current financial year. The benchmark Nifty 50 index has delivered 10.5% returns since 1 April, and has outperformed the equity indices of several countries, including China, Mexico, Brazil, France, Canada, South Korea, Australia, Germany, the UK and Hong Kong. The benchmark indices of these countries have delivered returns between -8.2% and 2.9%.

Asian shares bounced on Monday ahead of a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward «normality». Also due is the U.S. jobs report for July, closely watched surveys on U.S. and global manufacturing, along with Eurozone gross domestic product and inflation data.

private investments in the mineral-rich state on its foundation day on November 1, chief minister Vishnu Deo Sai has said.

Olympics, Paris designed its opening ceremony to make a splash, with ethereal dance performances, athletes floating down the Seine and a blowout performance by Celine Dion. A big display is table stakes, and hundreds of thousands of people jammed the city's bridges and riverbanks for hours to cheer the flotilla.

Dubai gold odyssey for Indian shoppers, say Indian jewellers, who also operate stores in the UAE.

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MQ-9B Predator drone deal between India and the US, American side is proposing to provide consultancy to Indian entities for developing an indigenous advanced unmanned aerial vehicle.

AI will likely be replacing low-wage jobs with expensive technologies and lack of reliability, as of now. “Unless there is RoI, companies will not invest. But we believe every business will be an AI business in future.

Across the region, policymakers had brought down teenage pregnancies dramatically. The drop in birth rates, which occurred over the span of a single generation, was a stunning success. That was until it carried on.