COST Financial News

Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation

If you purchased some weighted groceries or bagged fruit at Walmart in recent years, you may be eligible for a cash payment from a class action settlement with the retailer

₹10-15 per bag. In North India, the prices of 50 kg bags will see a hike of ₹10-15, while the Western region may witness an increase of ₹20 per bag. The central and eastern regions are expected to face a more substantial rise, with prices potentially rising by ₹30-40 per bag.

₹54,000 in India, the PlayStation 5 Digital Edition (Slim) costs ₹44,990. ALSO READ: 'Acha hai mein behra hoon': Netizens react to Dhoni singing Falguni Pathak's 'Bole jo koyal' in E-Motorad Doodle V3 ad A user Deepak Chugh posted on X, “Why some one needs Play station in 10 mins? What is use case here?" Another user commented, “playstation to le lu par dost kahan se lau sath khelne wale (sic)" One more X user, Dhawal Jain wrote, “Bas ab Paisa hi chahiye (Sic)" Abhirup Banerjee, another user, asked, “Hope you have an OTP confirmation based delivery for such expensive products?" Arshit Singh wrote, “We need 10 mins liquor delivery in Delhi!" Akash Singh wrote, “Josh josh mai ye bhi aajata agar yaha bhi emi mile." Someone asked, “Is it just the controller on sale for now?" Vekay commented, “Delivery in 10 minutes or free?" Rahul took a jibe and wrote, “Itni to meri salary bhi nhi hai" Sanskar Gupta commented, “Good one.

NEW DELHI : ZEE Entertainment Enterprises Ltd will lay off an estimated 15% of its staff as managing director and chief Punit Goenka moves to implement a leaner and more streamlined management structure, aimed at reducing costs and achieving the company's targeted objectives. The move will impact an estimated 500 people. The company said on Friday that a proposed new structure, presented to the Board, seeks to establish a cost-efficient operational model.

RBI reports that for Q1FY25, services sector companies and infrastructure firms expect higher input costs. While services sector firms expect selling prices to rise, the same is not expected by the infrastructure firms. In PMI surveys, manufacturing firms indicated a rise in input prices, but do not expect output prices to rise.

The Federal Reserve is on track to cut interest rates in June, according to Ellen Zentner, chief US economist at Morgan Stanley.

Canadian Imperial Bank of Commerce chief executive Victor Dodig doesn’t expect a flurry of interest-rate cuts any time soon.

NEW DELHI : Punit Misra, president of content and international markets at Zee Entertainment Enterprises Ltd (ZEEL), has quit the company. During his tenure, Misra was instrumental in managing content for Zee's linear television networks and its digital platform, ZEE5, catering to both domestic and international audiences. He also spearheaded the company's global business initiatives.

Management CommentaryCommenting on the quarterly Business update, Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, “FY24 was the year of significant growth across all business parameters reflective of successful and seamless transformation. The year witnessed remarkable improvement not only on AUM but also on profitability and credit quality across four quarters.

Neglecting research: One of the gravest mistakes investors make is diving into mutual funds without conducting thorough research. Before investing, take the time to understand the fund's investment objectives, historical performance, fund manager's track record, expense ratio, and risk factors. Ignoring this step can lead to investing in funds that may not align with your financial goals or risk tolerance.

BEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem.

HDFC Bank, India’s largest private sector lender, has been gradually raising its repo rate-linked home loan interest rates since January of this year. Despite the Reserve Bank of India (RBI) maintaining the repo rate unchanged since April of the previous year, HDFC Bank has increased its rates. As the name implies, repo rate-linked home loan rates are supposed to adjust in line with changes in the repo rate.

RBI) monetary policy decision, where the central bank is expected to maintain its key interest rate for a seventh straight meeting. The BSE Sensex was trading 267 points or 0.36% lower at 73,960. Nifty50 was trading at 22,438, down 76 points or 0.34% at around 9.21 am.

Anand Tandon, Independent Analyst, says “going forward, oil is something that one needs to watch out for. We should be expecting an increase in energy costs because of the fact that despite subdued production, despite the fact that there are global issues which are preventing free flow of oil, despite all of that, the prices were remaining well under control and we had significant cutback in terms of production, I think that will now begin to show up in higher prices as we are already seeing.” It seems the markets are ignoring what is happening in the commodity universe so far. Do you think if crude goes above $90, the equity markets will begin to feel the heat? Anand Tandon: Well, yes, there is no doubt that if the oil prices were to continue to sustain higher, there will be some pressure on the economy. For now, at least, the quarter that has just ended will actually show commodity prices being relatively lower and therefore, most of the manufacturing companies will show increased operating margin.

Cboe Global Markets filed a request with the SEC for regulatory approval to change its rules and allow issuers to add an exchange-traded fund (ETF) share class to existing mutual funds, the exchange said on Thursday. If approved, this would allow established asset management firms to more easily expand strategies that currently exist only as mutual funds by simply adding an ETF share class, throwing open the doors to thousands of new funds.

Bitdeer Technologies Group are planning to ramp up their Bitcoin mining operation to help offset the revenue impact of an upcoming event known as the halving. The partnership between Druk Holding & Investments and Nasdaq-listed crypto mining firm Bitdeer aims to invest in boosting Bhutan’s mining capacity sixfold through the introduction of cutting-edge hardware.

Ford Motor Co. on Thursday delayed the production of at least two new electric cars and said it would pivot to making more hybrids. Its decision was the latest sign that large automakers have been forced to rethink their strategy for electric vehicles because sales for those models are slowing. The shift by Ford and automakers such as General Motors and Mercedes-Benz, which have also pushed back their electric car plans, has been prompted largely by the companies' difficulties in making and selling enough electric cars and doing so profitably. Sales of such vehicles are still growing but the pace has slowed sharply in recent months as automakers have tapped out many of the early adopters who were willing to spend more than $50,000 on a new battery-powered car. Because they are still learning how to make the cars and their batteries at lower cost, the companies have not been able to bring out more affordable models.

Some Canadian high school girls want to take their “pink tax” fight to the House of Commons, calling on the federal government to scrap an “unfair pricing practice” that research suggests discriminates against women.

Alaska Airlines says Boeing has paid $160 million in initial compensation for losses that the airline suffered after a panel blew off one of its Boeing 737 Max 9 jetliners in January