COST Financial News

NEW DELHI : Consulting firms have begun practising what they’ve been preaching: bet on artificial intelligence to rein in costs. For employees, though, particularly those in the junior ranks, it’s been at their cost.

HDFC Bank on Saturday reported a 37.1% year-on-year (YoY) increase in its standalone profit at Rs 16,512 crore in the March quarter. Its net interest income (NII) during the quarter grew by 24.5% to Rs 29,077 crore.

A $12 billion high-speed passenger train line between Las Vegas and the Los Angeles area has started construction

Congress on Sunday said its previous government in Rajasthan passed a series of visionary laws to meaningfully improve the quality of life of thousands in the state and asked why the current BJP dispensation is «rolling back» pro-people schemes. Congress general secretary Jairam Ramesh posed the questions to Prime Minister Narendra Modi ahead of his rallies in Jalore and Banswara. «Why is the BJP Government rolling back the INC's pro-people schemes? Does the PM prioritise his businessmen friends over Rajasthan's rural communities? Why has ERCP not been designated a national project yet,» Ramesh asked in a post on X. Elaborating on what he said were «jumla details», Ramesh said when the Congress was in power in Rajasthan, it passed a series of visionary laws that would meaningfully improve the quality of life of thousands in the state.

A crackdown on how California utilities spend customers' money has failed to pass the state Legislature

During a keynote speech at Bloomberg today (22 April), BoE financial stability strategy and risk executive director Nathanaël Benjamin warned the lack of transparency about the degree and kinds of leverage entering the system poses a significant risk to financial stability. In an environment where rising debt costs and concerns over the economy have made it more challenging for private equity funds to sell or list their portfolio companies, more firms have resorted to NAV loans to finance cash distributions to investors. NAV loans use a private equity fund's assets, which are typicall...

Opening and managing a demat account has become more convenient with the widespread availability of mobile trading applications. The process of opening a demat account through a depository participant (DP) is straightforward and akin to opening a bank account.

Iran-Israel lesson: Effective missile defence is costly and could be risky too Xi’an Longde Technology Development Company Limited, supplied missile-related equipment, including a filament winding machine, to Pakistan’s long-range ballistic missile programme that we assess was destined for NDC. Filament winding machines can be used to produce rocket motor cases.

This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing market that were not taught in school.

A detox center. Aid for an overflowing jail. An extra detective’s salary.

«Among the new stocks which we have bought has been after the AC story and I think consumer durable uptick is expected, I believe one company which is on the durable side, which has also been in doldrums because of various factors has been Crompton Greaves Consumer and it is a big player in the fans market and I believe along with AC the fan market revival is also very significant and it has not really gone anywhere over the last few years,» says Sandip Sabharwal, asksandipsabharwal.com. Everyone is of the view that if you buy into Vodafone FPO, if you are subscribing to it, you were getting it at a discount. The underlying price Rs 13 if you are getting at the FPO sub-11 rupees which means there is a nice little arbitrage to be made here. It is a bull market and a lot of people are trying to play this thing. In fact, I got queries that should we sell off Bharti Airtel and move that money into Vodafone Idea.

Rebates tied to home energy efficiency and created by the Inflation Reduction Act may start flowing to many consumers within months.  

Amazon.com Inc.‘s Maple Valley, Washington, warehouse is built for speed. At night, big rigs pull up to one end to unload boxes and padded mailers – some after a short drive from a bigger warehouse down the road, others following a flight in the hold of a cargo plane. Waiting employees scan, sort and load them into rolling racks.

₹15,200 crore. This compares with a positive figure of ₹6,700 crore during FY23. Not without reason.

The high costs and limited availability of quality child care are holding back American moms without college degrees

The stakes are high for America’s technology behemoths to start delivering on artificial intelligence promises with their earnings poised to decelerate, according to Bank of America Corp. strategists.

UBS upgraded Voltas' rating from 'Neutral' to 'Buy', raising the target price to Rs 1800 from Rs 885 previously. This adjustment suggests an upside potential of 38% from the previous close of Rs 1300. Following the UBS upgrade, Voltas shares surged by 5% to Rs 1,365 during Monday's trading session on the BSE.

NEW DELHI : The Supreme Court on Monday deferred hearing on a plea by Jet Airways' lenders, challenging the decision of the National Company Law Appellate Tribunal (NCLAT) to approve the resolution plan proposed by the Jalan-Kalrock consortium for the bankrupt airline. The court will now hear the case on Friday. During Monday's proceedings, lenders, led by the State Bank of India (SBI), termed the NCLAT's judgment as "shocking", citing its deviation from a previous Supreme Court ruling on the encashment of a ₹150 crore bank guarantee.

“Civil War,” Alex Garland’s ominous American dystopia, remained the top film in theaters in its second week of release

An acute housing shortage hitting fire survivors on the Hawaiian island of Maui is squeezing out residents even as they try to overcome the loss of loved ones, their homes and their community

Baltimore's mayor and city council are calling for the owner and manager of the cargo ship that took down the Francis Scott Key Bridge to be held fully liable for the deadly collapse