COST Financial News

Patna. Speaking to PTI, ADG Traffic said, “Sending e-challans to motorists for violating traffic norms through SMSes is not working properly. That is mainly because of frequent changes in the mobile phone numbers of offenders." “This is the only reason that we have decided to deliver e-challans to traffic violators via registered post.

Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week The company is currently in the process of determining the exact number of employees who will be affected by the impending layoffs, according to a source familiar with the matter. An official announcement regarding the layoffs could be made as early as next week, coinciding with the company's earnings call scheduled for Feb.

Narendra Modi will on Sunday address a conference of tribal communities in Madhya Pradesh's Jhabua district and inaugurate and lay foundation stones of Rs 7,550 crore development projects for the state, officials said. Tribals from across the country will take part in the congregation at Gopalpura, state BJP media cell chief Ashish Agrawal told PTI. This will be PM Modi's first visit to the state this year, coming ahead of the Lok Sabha elections due in a few months. Among the states, Madhya Pradesh has the highest six Lok Sabha seats reserved for tribals.

Raymond T Dalio, Founder, CIO Mentor, says “avoid indebtedness, debt assets, minimize the debt assets and then to diversify into various locations. No one asset class, no one country, no one currency should be concentrated in because of the nature of that. So, look at those good places and then look for good leadership. Dalio further says: “Should the United States weaken its currency status, other countries also will have weaker currencies and then there would be an emergence of alternatives such as most importantly likely gold or currencies that tend to depreciate together. If you have a lot of debt and the United States has a lot of debt that most importantly results in a lot of sales of debt, that money probably has to be printed. For the US dollar to lose its status relative to other countries would require another currency to become dominant. You always look at the world based on five factors – economy and credit, internal peace and conflict, external issues between countries, climate change and technology. If you have to look at the mechanics of the world, rather than giving an audience a fish to eat, if they have to know the trick of how to catch the next fish, how would you put your thoughts into play and explain some of these pointers, the number one being economy and credit? Raymond T Dalio: Yes, you are right.

Apple announced changes to its app store and iOS operating system in Europe in compliance with the European Union’s Digital Markets Act (DMA). The company will now allow developers to opt for the ‘new regime’ which lets users within the EU download apps and make purchases outside the Apple app store. It will also permit developers to distribute their apps via alternate stores, thereby also opting out of Apple’s in-app payment system.

Mankind needs to eschew personal ambition in order to be able to think truly global, said Sadhguru, the founder of Isha Foundation. «The world is so integrated with technology, connectivity, and transportation, yet we still think of our own personal ambitions. Earlier, we used to pit ourselves against people we knew in our neighbourhoods, now, we pit ourselves against people we don't know,» he said. This constant competition will break people down, and as long as mankind holds on to personal ambition, well-being will be a pipe dream, Sadhguru said, speaking at the summit.

With the contribution deadline for the registered retirement savings plan (RRSP) approaching, Canadians have more choices than ever for where they want to sock away their savings to get a lift on their tax returns.

Quebec’s tourism minister says demolishing Montreal’s Olympic Stadium would cost $2 billion, but that estimate is raising questions because other North American cities have torn down stadiums for hundreds of millions of dollars less.

states and Union Territories now levying lower taxes on jet fuel, a development that has provided a huge fillip to the airline industry, which was witnessing a V-shaped recovery after the Coronavirus pandemic, Union minister Jyotiraditya Scindia said on Saturday. Emphasising that the civil aviation sector provides huge economic multipliers, he also said that greater connectivity has led to greater economic development. Air Turbine Fuel (ATF) accounts for around 40 per cent of the operational costs of an airline. Scindia said that after taking over as the civil aviation minister, he reached out to various states and UTs to reduce the value-added tax (VAT) on jet fuel.

BSE. This security deposit amount is refundable or forfeitable in the manner specified by the board. The requirement of 1% security deposit was put in place by the regulator for public/rights issues so that an issuer expeditiously redresses investor complaints pertaining to refund of application money and allotment of securities, etc.

The Mollars (MOLLARS) initial coin offering has just reached an impressive milestone, surpassing 1.3-Million tokens sold.    Cryptocurrency investors are excited about the new store-of-value token’s potential for up to +4,400% ROI yields.  However, even those gains are only a pence of the new crypto’s profit potential if it can become a popular store-of-value option.   And here’s 3 reasons why the Mollars (MOLLARS) token could replace Bitcoin (BTC) for 250-million wallets, using the blockchain.

Bandhan Bank is targeting to increase its share of the secured loan portfolio to 50% of the total loan book by FY26, Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, informed analysts soon after declaring its Q3 results. Last November, the Reserve Bank of India (RBI) warned banks about the increased share of unsecured loans and raised risk weightage. The bank had earlier said that it aims to raise the share of the secured portfolio to 70% by arch 2025, as reported by ET on October 14, 2022. On Friday, the bank reported a 152% rise (over the corresponding period) in net profit to Rs 733 crore for the quarter ending December 2023.

Samyukt Kisan Morcha on Saturday welcomed the conferring of Bharat Ratna on Chaudhary Charan Singh and MS Swaminathan but termed it an attempt to divert people's attention from government's failure to provide Minimum Support Price for crops as suggested by the Swaminathan committee. In a statement, the SKM also said Singh and Swaminathan will remain alive in people's memory for their contribution to farmers even without a Bharat Ratna and «denounced» Prime Minister Narendra Modi for failing to solve the crisis of farmers of India. «SKM welcomes BJP government's late recognition of Chaudhary Charan Singh and due recognition of Dr. MS Swaminathan for their contribution to agriculture and farmers in conferring Bharat Ratna on them. While Chaudhary Charan Singh had a role in implementation of Zamindari Abolition in UP leading to ownership rights for peasantry, as the Chairman of the National Farmers' Commission, Dr. MS Swaminathan made recommendations for income guarantee to farmers,» the SKM said in a statement. «However, the Modi government is honouring and decorating the leaders only to cheat the farmers and people. The PM has neither honesty nor sincerity and indulged in a poor vote catching gimmick intended to worsen farmers' misery and use tokenism to camouflage his services to big corporate forces associated with foreign companies in farming,» it said.

Ecommerce enabler GoKwik said there is an increasing proliferation of fake orders on ecommerce platforms from people who provide gibberish contact and address details, impacting the cost of operations for companies. «Over the last two weeks, we have observed 2-10% of total orders being fraudulent on the affected merchants. For some, it has been as high as 15-20%. However, with our return to origin (RTO) risk intelligence and fraud prevention mechanisms, we were able to intervene and safeguard merchants immediately. We fear that the actual number of brands affected in the overall ecosystem outside of GoKwik network will be far higher,» said Chirag Taneja, cofounder and CEO of GoKwik.

Layoffs continue to roil software industry with 32,000 jobs cut Following this unexpected firing, Mohan appealed for job opportunities on the social media platform. Fortunately, he got quick responses, with several users offering leads to open positions and expressing willingness to assist with forwarding his resume.

Among other important results will be those by Aurobindo Pharma, Chemcon Speciality Chemicals, Sai Silks (Kalamandir), Mawana Sugars, MM Forgings and Yatharth Hospital & Trauma Care Services.

The consolidated net profit for the quarter is seen rising 33% YoY to Rs 407.40 crore, according to the average of estimates given by five brokerage firms.

Crisil. “However, egg prices increased moderately by 4% on-year while the variation on-month is reported to be a 2% decline in January. Egg prices are typically regulated in the entire country by National Egg Coordination Committee and, hence, tend to show lower volatility," Sharma added.

₹3,000 crore. Meanwhile, demand in urban markets outperformed rural markets in the December quarter for the tea and salt maker, reflecting a broader trend in the market. This was also helped by TCPL’s own push to reach more towns and cities, apart from greater growth for its packaged foods portfolio that reported a 5% jump in quarterly volumes.

If you’re one of the millions of Canadians who worked from home during 2023, either full time or on a hybrid-work arrangement, you’ll need to take some extra time this tax filing season if you want to claim a deduction for your home-office expenses. That’s because the “simplified method” of claiming home-office expenses is no longer available for the 2023 tax year.