COST Financial News

The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market

Public sector workers in Nigeria on the minimum wage will see their salaries double after the government reached an agreement on Thursday with labor unions that have been threatening further strikes as the cost of living spirals

Nebraska Gov. Jim Pillen has announced a broad tax plan for an upcoming special legislative session billed to cut property taxes in half

Kenyan President William Ruto has appointed the first 11 members of his Cabinet

During the Amazon Prime Day Sale 2024, you can save up to 55% to 65% on microwaves, chimneys, and dishwashers from top brands. This is a fantastic opportunity to replace your old and rusty appliances with top-notch, future-ready models. Take advantage of these substantial discounts to upgrade your kitchen and enjoy the latest in appliance technology at a fraction of the cost.

At the start of each session of parliament, a ballot is held to allocate the order in which the first 25 private members' bills will be introduced in the Lords. Bowles' bill placed 14th on the list, and is set to be introduced to parliament on 5 September. 'My bill is lost': Ros Altmann confirms progress on trust cost disclosure reforms undone by general election Fellow House of Lords member Ros Altmann put forward her own bill on the issue earlier this year, and gained cross-party support for her movement, including from Bowles. Her bill was successfully passing through all thr...

Reasons to buyReasons to avoidThe Aquadpure Copper Alkaline Water Purifier is equipped with a bio-alkaline cartridge that enhances the pH level of water. Its copper-infused technology offers health benefits and improves the overall quality of drinking water.Reasons to buyReasons to avoidThe KENT 11054 Alkaline Water Purifier offers chemical-free purification with balanced pH levels.

Reliance Industries Ltd (RIL) on Friday reported a 5% decline in its consolidated net profit to Rs 15,138 crore for the first quarter ended June 2024. The same stood at Rs 16,011 crore in the year-ago period. Revenue from operations increased 12% year-on-year (YoY) to Rs 2.36 lakh crore in the reporting period.

logistics-as-a-service on the government-backed Open Network for Digital Commerce (ONDC), touched one million transactions in June, ONDC said, on Friday. This is an initiative bridging the demand gap for third-party logistics and the delivery of products across the network.

The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in recent years.

skilling is key to equip locals to meet evolving industry demands as employment is based on merit and not domicile. HR experts believe implementing a legislation like the job-for-locals bill would pose significant challenges for businesses in talent acquisition, compliance costs and stressed on the importance of skilling to equip individuals with future-proof skillsets. The Karnataka government on July 15, tabled the Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024, in state assembly. The Bill, which mandated factory or other establishments to appoint 50 per cent of local candidates in management categories and 70 per cent in non-management categories, has been temporarily put on hold.

Bombay High Court on Friday quashed the Maharashtra government's notification that exempted private schools within a one-kilometre radius of government or aided schools from Right to Education (RTE) Act quota admissions. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar said the notification dated February 9 was «ultra vires» to Article 21 of the Constitution of India and provisions of the Right of Children to Free and Compulsory Education Act, 2009, also known as the RTE. «The notification is held to be null and void,» the court said. The court, in its judgment, said the mandate of the law casts a duty not only on the government but also on private unaided schools to provide education to children in the age group of six to 14 years from the disadvantaged section of society.

Reliance Jio, the telecom unit under Jio Platforms Limited (JPL), reported 11.9% on-year growth in net profit for the fiscal first quarter. Net profit stood at Rs 5,445 crore for the three months ended June 30, 2024, as compared with Rs 5,337 crore in the previous quarter and Rs 4,863 crore a year ago. Jio’s Q1 net profit was marginally lower than the Rs 5,449 crore average of analyst estimates compiled by ET.

dholwallas, who are being flown in from Delhi. “Tani (Tanishqa) was feeling FOMO," laughs Chheda, when asked the reason behind a non-traditional, joint barat. “She doesn’t want to wait around and miss the fun of making a grand entry." For the reception, they’ve decided to turn a ballroom into a forest.

Satya Nadella once shared valuable insights into the skills he values in Microsoft employees. Under Nadella's leadership, Microsoft revitalised its corporate culture, expanded through strategic partnerships, and surpassed Apple to become the world’s most valuable public company. Reflecting on these achievements, Nadella highlighted the importance of both soft and technical skills for Microsoft employees. His focus on versatility and adaptability underscores the need for a well-rounded skill set in today’s rapidly evolving tech world.

Union Budget and the Economic Survey, to set the tone and pace of the economic path the nation will pursue in the coming years to attain its ambitious growth aspirations with a human face. The allocations and source of funds must be in sync with the vision so laid out.

It’s slow and it will take time, but the managed account platform sector’s shift towards consolidation is sure to come, according to recent findings from Cerulli.

Paytm on Friday reported a 35% fall in its operational revenue for the quarter ended June at Rs 1,501 crore, down from Rs 2,341 crore a year back. Its net loss more than doubled to Rs 840 crore from around Rs 358 crore a year back.

European shares fell on Friday and were set for weekly losses, hurt by lower commodity prices and as a rout in global technology shares extended, while investors assessed more earnings updates. The pan-European STOXX 600 index fell 0.6% by 0715 GMT, slipping to a more than two-week low, amid a broader selloff across sectors.

Kotak Mahindra Bank is expected to report a net profit of Rs 3,682 crore for the quarter ended June 30, 2024 according to average estimates of six brokerages. The profit after tax may go up by nearly 7% on the year-on-year basis. The net interest income is seen at Rs 7,053 crore for the reporting quarter which is likely to be higher by 13% as per the average estimates by these half-a-dozen brokerages. Yes Securities is most bullish on its PAT estimates of Kotak Mahindra Bank and pegs it at Rs 3,883 crore for the April-June quarter followed by Anand Rathi at 12.5% and 10.4%, respectively. Meanwhile, BNP Paribas has the most conservative estimates of Rs 3,520 crore which is just a 2% YoY uptick over the PAT reported in the year ago period.

One thing we’ve learned over the years is that Washington Democrats are ruthless when threatened by a loss of power. You almost have to admire their cold-blooded calculation. President Biden is now learning this harsh lesson as the Democratic-media complex organizes to, er, persuade him to withdraw from the presidential race.