COST Financial News

NEW DELHI : The department of water resources, river development and Ganga rejuvenation may get 10% more in the interim budget for continuing with marquee projects such as linking the Ken and Betwa rivers, dam rehabilitation and improvement, infrastructure rehabilitation, Namami Gange and Atal Bhujal Yojana, a senior official said. In the FY24 budget, the department received an allocation of ₹20,055 crore, which may be hiked to a little over ₹22,000 crore. “As of now I think the interim budget will be more about carrying on with the current work that is happening unless there are some major SOPs," the official said.

Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a steep price.

Federal Reserve policymakers may finally be right on the verge of cutting interest rates. Going into this week’s two-day policy meeting, which wraps Wednesday afternoon in Washington, investors are assigning roughly even odds to the prospect that the US central bank will start lowering borrowing costs at its next decision in March. That makes Fed Chair Jerome Powell’s press conference, and any signal he may or may not choose to send, of critical importance.

Johannes Läderach, CEO of the family run luxury chocolate business, on a recent visit to India, told Mint."Though there is a free-trade agreement being negotiated between India and Switzerland which could be very helpful. This is because India is at the highest end of customs duties across the 20 markets we operate in. The duties are very complicated too based on varieties of chocolate being imported," he said.

₹50 trillion in December 2023. To put the number in context, the comparable figure in December 2013 was only ₹884,631 crore. Category-wise data from the Association of Mutual Funds in India points to another interesting trend: at end-September 2023, household investment (retail plus high net worth individuals) in equity mutual funds was three times the sum of wholesale investments (corporates and banks plus foreign portfolio investors).

Fortnite Chapter 5 Season 1. Whether you missed it before or want to add to your collection, here's a straightforward guide on acquiring the Takara skin.

Bajaj Finance will be announcing its financial results for the December quarter on January 29, Monday. According to analysts, the lender's consolidated net profit is anticipated to experience a significant 25 percent year-on-year growth, reaching ₹3,716 crore. Brokerages further anticipates a 26 percent year-on-year (YoY) increase in net interest income to reach ₹9,344 crore, led by stable asset quality and robust growth in assets under management (AUM), foreseeing that these factors will be key drivers of earnings.

—Sannat Chaudhry Any gain or loss arising from sale of such inherited property, shall be chargeable to tax as ‘capital gain/ loss’ in your hands in the year of sale. Where the property (or any share therein) has been held for more than 24 months prior to sale, the same will be considered as a long-term capital asset and any gain / loss arising from its sale shall be considered as long-term capital gain/loss (LTCG/ LTCL).

₹100 per child per month and in respect of their hostel expenditure allowance is ₹300 per child per month, for a maximum of two children in a nuclear family. These exemption limits, in respect of the basic necessity of primary education of the children, have not been revised since ages.

Hindustan Times, the Bombay High Court has granted permission to the state-owned oil company to cut 11,677 trees, including 10,582 mangroves, for laying four pipelines from its refinery in Mahul in Chembur to Rasayani in Raigad district. “The project was in the larger public interest," Justice AS Chandurkar and Justice Jitendra Jain said.

₹1.25 trillion to the ministry of agriculture, with about 80% earmarked for schemes entirely funded by the central government. While allocations are increasing, much of it is going towards subsidies rather than forward-looking investments. In recent years, direct income support to farmers through the PM-Kisan scheme— ₹6,000 per year to farm households—has come to dominate expenditure.

Vince McMahon resigned from wrestling giant TKO Group and the subsidiary WWE that he founded, over a lawsuit accusing him of sexual assault and trafficking, which he said he will fight, the company said on Friday. «I have decided to resign from my executive chairmanship and the TKO board of directors, effective immediately,» McMahon said in a statement released by TKO.

Joe Biden's administration is expected to award billions of dollars in subsidies in coming weeks to top semiconductor companies including Intel and Taiwan Semiconductor Manufacturing Co to help build new factories in the U.S., the Wall Street Journal reported on Saturday. The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

(Reuters) -John Lewis Partnership, the owner of John Lewis and Waitrose, is considering cutting up to 11,000 staff jobs in the next five years, the Guardian reported on Saturday.

blog post alleged that under the false pretense of compliance and concessions, Apple has put forward a new plan 'that is a complete and total farce'. He argued, "Apple is nothing if not consistent. While they have behaved badly for years, this takes the level of arrogance to an entirely new place.

Germany’s struggle to revive its sluggish economy is about to take an experimental turn as a host of companies test out the merits of working less. A six-month program starting Feb. 1 will grant a day off every week for hundreds of employees while keeping them on full pay. The study aims to find out if labor unions are right that it could not only leave staff healthier and happier, but also more productive. “I’m absolutely convinced that investments in ‘new work’ pay off because they increase well-being and motivation, subsequently increasing efficiency,” said Sören Fricke, co-founder of event planner Solidsense, one of 45 companies taking part in the pilot. “The four-day week, if it works, won’t cost us anything either in the long run.”

UNCTAD) has raised alarm over the disruption in global trade due to the ongoing crisis in the Red Sea shipping route stating that it would “particularly” hurt developing nations and warned that it is impacting global food prices with longer cargo travel distances and higher freight rates potentially leading to higher costs. “Disruptions in grain shipments from Europe, the Russian Federation and Ukraine

semiconductor companies including Intel, and Taiwan Semiconductor Manufacturing Co in the coming weeks to help build new factories in the United States, the Wall Street Journal reported on Saturday. The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

Sudha Murty, who is well-known for her strong recommendations on lifestyles said that she asked Akshata and Rishi to be just honest with their work in helping the nation and ignore what people are saying. "I always tell them [Akshata and Rishi], people talk because of your position. And if you're honest, if you're helping your country, your job - what you're doing - people will always talk.

Apple Chief Executive Tim Cook has turned his company into a juggernaut on the strength of its integrated “walled garden" of gadgets and services. It’s a strategy that has churned out enormous profits—and yet it’s increasingly a problem for the company. Apple’s hardware business is showing weakness, with sales of some devices leveling off and others declining.

Ayodhya and nearby areas, with an investment of Rs 3,570 crore. The National Highways Authority of India (NHAI) has invited bids for a 4/6 lane highway that will pass through Lucknow, Basti, and Gonda districts. The project, divided into North Ayodhya and South Ayodhya bypass, has been planned to address the expected increase in passenger and freight vehicle movement in the region after the inauguration of the Ram temple.