COST Financial News

Air Canada lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up.

The way the pot can't call the kettle black, hardly any product seller or service provider can take the 'holier than thou' stance against others. The Supreme Court's rebuke to the Indian Medical Association (IMA) during the Patanjali misleading advertising case hearing, asking it to also put its house in order, given the complaints of unethical conduct by allopathic doctors, is an instance in point here. Lack of effective regulations and their poor implementation is one of the major reasons for consumers' disempowerment over the years. Regular instances of product contamination, deficiency in services and involuntary product recalls or bans ordered by other countries point to the lack of regulatory deterrence among Indian businesses.

Mint finds out. They are a regular occurrence in India between November and June due to a rise in temperatures. The presence of a huge quantity of dry leaves acts as a catalyst but in 95% of the cases, fires are man-made.

Mint has reviewed a copy of the mail. As per the airline's latest annual report for 2022-2023, the total staff strength of IndiGo was 32,407 employees. "We started our path to recovery in the second half of the year 2022 and since then we demonstrated solid and strong performance," the airline said in the mail, adding that it became a net worth positive company with its October-December 2023 results and the recent wide-body aircraft order is further support for a robust future.

Coforge reported a marginally smaller-than-expected fourth-quarter revenue on Thursday amid overall tepid tech spending from clients. India's $254 billion IT sector has been struggling in recent quarters as clients cut spending on non-essential projects. Macro headwinds and high-inflation environment have made clients look at contracts that cut down their existing costs.

Coal India Q4 Results: Coal India (CIL) announced its January-March quarter results for fiscal 2023-24 (FY24) on Thursday, May 2, reporting a rise of 26 per cent to ₹8,640.5 crore, compared to ₹6,869.5 crore in the corresponding period last year. The increase in profit was attributed to cost efficiency and benefits from changes in accounting for stripping activities for open-cast mining.

Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 208,000 for the week ended April 27, the Labor Department said on Thursday.

Ramkrishna Forgings Ltd (RKFL) on Thursday reported a 31 per cent rise in standalone net profit to Rs 87.30 crore for the January-March quarter of 2023-24. Its net profit was at Rs 66.82 crore in the January-March period of 2022-23, the company said in an exchange filing. The company's total income rose by 6 per cent to Rs 886.16 crore in the fourth quarter of FY24 compared to Rs 835.40 crore in the year-ago quarter.

Federal Bank is in an advanced stage of sending the names of potential candidates for the post of managing director and chief executive officer, according to CEO Shyam Srinivasan, whose term ends on 22 September. “There is a bank board established search panel and they have a slew of candidates to choose from," said Srinivasan at a post-results press conference. "It could be internal or external.

₹1.53 crore, this high-performance coupe is now available for booking through BMW's dealership network as well as online. The latest model features cosmetic enhancements, updates to the cabin, and mechanical tweaks to elevate the driving experience. The 2024 M4 Competition M xDrive features updated bumpers and adaptive headlights and taillights that take cues from BMW's M4 CSL.

AI). This application is designed for taxpayers who prefer mobile applications or who lack access to computers. On January 30, 2018, EZTax released its fully functional ITR filing mobile app, which, according to available statistics, was utilized by lakhs of users.

Securities and Exchange Board of India (Sebi), recently said "We know the entire story about how the shampoo market in India exploded when it moved from bottles to sachets and people could afford to buy a ₹1 sachet or ₹2 sachet of shampoo, but could never have afforded to buy ₹100 bottle, the market just exploded". Its heartening to see what happened in consumer goods is now getting replicated in financial markets as well. The new entrant in this trend are—bonds.

Revenue from operations increased 5% year-on-year (YoY) to Rs 2,815 crore for the reporting period.

REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today's rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 percent year-on-year (YoY) jump in its consolidated net profit in the quarter under review to ₹4,079 crore, helped by healthy growth in core income and a provision write-back.

Assess your financial condition: The initial and pivotal step towards attaining financial freedom is analysing your financial status. Begin by monitoring your income sources, such as your salary, any additional earnings from side jobs, or passive income. Next, categorise your expenses by listing both fixed and variable ones, such as rent, utilities, groceries, and entertainment costs.

PVR Inox and Malayalam film industry producers has brought the long-standing issue back to the fore yet again. The issue has added to the woes of the theatrical business that has already hit rock bottom over the past few months. Last month, the multiplex chain had decided to stop screening Malayalam films after the Kerala Film Producers’ Association demanded that movies must be released at screens in malls of the state at a low VPF using content mastered at the PDC (Producers’ Digital Cinema), a facility promoted by the producers.

Shantanu Deshpande shared his insights on the renting vs buying debate regarding houses. Deshpande's personal decision came up during a conversation with Hyderabad-based real estate entrepreneur Ajitesh Korupulu. The latter was a guest on Deshpande's YouTube channel for a podcast on investing money in real estate.

The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its two per cent target.

The majority of Canadian retirees are supporting their adult children financially, which they say is having a negative impact on their own finances, a new report has found.

₹4,685 crore but missed analysts’ estimates. More importantly, the Ebitda margin of 12.3% trailed consensus estimates of 12.8%. The margin miss was led by a one-off 60-basis-points impact related to CSR and material costs, coupled with reduced CNG vehicle production owing to a shortage of components.

Ford is recalling nearly 243,000 Maverick small pickup trucks in the U.S. because the tail lights may not illuminate