COST Financial News

₹3,706 crores, marking a 21 per cent increase year-over-year (YoY), for the quarter ending March 31, 2024, on May 4. However, the Profit After Tax (PAT) experienced a slight downturn by 10 per cent YoY, settling at ₹619 crores, attributed to a 14% increase in Net Interest Income (NII) which stood at ₹1,971 crores. The Net Interest Margin (NIM) remained fairly stable at 7.1%.

Pakistan shot up to 10 per litre after the city's commissioner approved a hike, acceding to the demands of the Dairy Farmers Association, ARY News reported. As per the commissioner's directives, the price of milk has surged by PKR 10 per litre, with shops in Karachi now selling milk at PKR 210 per litre.

Bank is stepping up efforts and investments to resolve technology concerns raised by the banking regulator and regain approval to resume normal operations, said Ashok Vaswani, managing director and chief executive officer, on Saturday. The lender reported an 18% rise in net profit from a year ago at ₹4,133 crore in the three months ended March 31. Profit got a boost from higher interest income due to lending besides lower provisions and income tax refunds. Vaswani said the Reserve Bank of India's curbs could have an impact on the franchise and reputation though the financial impact is expected to be limited.

Bank of England may offer a clearer signal in the coming week on whether it plans to cut interest rates this summer, just as investors bet on a delayed outlook for easing. Ahead of Thursday’s decision, Governor Andrew Bailey has distanced Britain from resurgent consumer price pressures in the US, pointing to “strong evidence” of UK inflation receding.

Who won yesterday IPL match? Top highlights of last night's KKR vs MI match Notably, the incident occurred in the 7th over of the match when RCB pacer Vijaykumar Vyshak bowled a delivery on the leg side that David Miller tried to play but ultimately failed to make contact as the ball went straight to wicketkeeper Dinesh Karthik. Seeing the ball close to the bat, the RCB players collectively appealed for a caught-behind dismissal, but the on-field umpire refused.

South Sudan removed recently imposed taxes and fees that had triggered suspension of U.N. food airdrops. Thousands of people in the country depend on aid from the outside.

Kotak Mahindra Bank is stepping up efforts and investments to resolve technology concerns raised by the banking regulator and regain approval to resume normal operations, said Ashok Vaswani, managing director and chief executive officer, on Saturday. The lender reported an 18% rise in net profit from a year ago at Rs 4,133 crore in the three months ended March 31. Profit got a boost from higher interest income due to lending besides lower provisions and income tax refunds. Vaswani said the Reserve Bank of India’s curbs have an impact on the franchise and reputation though the financial impact is expected to be limited.

Sir Alexander Fleming returned to his lab in St. Mary’s Hospital in London, a big surprise was waiting. He found a blue-green mould growing in one of the petri dishes. Intrigued, his mind went probing on the cause of contamination. Soon Fleming realised he had stumbled upon a discovery that would be hailed as one of the world’s biggest medical breakthroughs. By sheer serendipity, Fleming found the mould had destroyed colonies of staphylococcal bacteria around it. Penicillin — the nemesis for the deadliest bacterial infections — was born. Gruelling work followed. In 1945, Fleming along with his legendary team of researchers Ernst Chain and Sir Howard Florey were awarded the Nobel Prize in physiology and medicine. As World War II unleashed deaths and miseries, a miracle weapon armed doctors against life-threatening bacterial infections. Until then, minor cuts or bruises carried risks of deaths. Penicillin saved lives of soldiers grievously injured during the war. An article in Science Museum describes the quick build-up to make the drug. It says such was its demand that scientists used every conceivable object — from bed pans to bathtubs — to store volumes of broth for the fermentation process. Gallons of mould broth were needed to get a fingernail of penicillin, says the article. With time, as scientists developed better methods of extraction, it spawned dozens of producers across Europe and the US.

Marvel Snap's season 24, A Blink in Time, is here, bringing a wave of nostalgia for X-Men fans with the introduction of the Exiles, according to a Dexerto report. This season is packed with new cards, locations, and more. Here's everything you need to know. Release Date & Price

Undisputed WWE Universal Champion Cody Rhodes will take on AJ Styles to defend his belt after he won the title away from Roman Reigns at Wrestlemania in Philadelphia last month. According to 'Variety', the WWE Backlash France 2024 will have five match-ups, including four title bouts for the world heavyweight championship, women’s tag team championship and women’s championship triple threat on Saturday, May 4.

cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.

From spacious French door models to compact single-door options, there's a refrigerator to suit every household's needs and budget. Don't miss this chance to upgrade your kitchen essentials and keep your groceries cool in style. Shop now and make every mealtime a breeze!

₹41,000 in India. This pricing suggests that the new device might be in line with the previous Pixel 7a, which was launched at ₹43,999 for the 128GB storage option. The leak also reveals that the Pixel 8a will likely have a 256GB storage variant priced at $599, translating to about ₹50,000.

Kotak Mahindra Bank Q4FY24 results: The Board of Directors of Kotak Mahindra Bank (“the Bank") approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting held in Mumbai, today. The Bank’s PAT for FY24 increased to ₹13,782 crore from ₹10,939 crore in FY23, up 26% YoY. PAT for Q4FY24 stood at ₹4,133 crore, up 18% YoY from ₹3,496 crore in Q4FY23 (up 38% QoQ from ₹3,005 crore in Q3FY24).

Cricbuzz, Kasi Viswanathan, the CEO of Chennai Super Kings had said, “Deepak's injury is not looking good," however, he added, “I will not say he is ruled out of the season but doubtful" Earlier on May 2, CSK head coach Stephen Fleming too admitted that seamer Chahar's injury "doesn't look good" and he hoped for a positive report from the franchise's medical team. Chahar's latest injury was seen pulling off his run-up in just the second ball of the Punjab Kings chase on May 1. Chahar's career has been marred by injuries in the last couple of years, costing him a permanent spot in the Indian team.

The majority of Indians believe that purchasing gold during festival occasions is auspicious and would benefit both individuals and families by bringing money and good fortune. Festivals also make gold purchases ideal because there are many exclusive deals offered by jewellers.

Read more Congress leader Rahul Gandhi filed his nomination papers for the 2024 Lok Sabha elections from Uttar Pradesh's Raebareli seat on Friday. The constituency will go to polls in the fifth phase of general elections on May 20. Read more Ola Cabs CEO Hemant Bakshi has stepped down less than a year after joining the ride-hailing firm, two persons with knowledge of the matter said.

The price change in 24 carat gold in the last one week has been 0.24%. whereas in the last month it has been -2.14%. The cost of silver is Rs.83500.0 per kg down by Rs.100.0 per kg.

capital markets, AI is revolutionising the way trading operates. Algo trading, also known as algorithmic trading, can and will harness the power of artificial intelligence to automate the trade execution process, as well deciding what and how to trade, fully.

Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China.

Indian Air Force (IAF) on Friday received delivery of the second of the 56 C295 aircraft, which are set to replace its ageing Avro-748 fleet, the officials said. In September 2021, India formalised the acquisition of 56 Airbus C295 aircraft to replace the legacy Avro fleet of the IAF at a cost of Rs 21,935 crore. In a statement, Airbus Defence and Space said that of the total 56 aircraft ordered by the Indian customer, 16 will be produced by Airbus in Seville, Spain.