COST Financial News

Total collections made under small savings schemes witnessed a jump in September quarter, with deposits for the Senior Citizens Savings Scheme rising nearly 2.5 times year-on-year to ₹74,675 crore, reported Indian Express. 

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “the fall has been quite sharp and acute in the midcap and smallcap space. We are basically going to see this pain continuing and though people have a lot of money to invest, this particular fall, perhaps should be waited out for some more time for a variety of reasons. One among them would be how exactly the domestic investor stabilises his losses because in the options market, including the derivatives market, the amount of money that he has to write checks for the mark to market, will probably put pressure on the market.” We would not want to have headed further into the festive season with this kind of a market. Is everything going to abate soon? The reasons were already there and so why this knee-jerk reaction with the Indian market plunging over 800 points? The FIIs are taking the money out and the current domestic market players are writing losses at this point of time and as a result, they are required to sell some part of their portfolios to pay off the sharp mark to market difference which is coming up on some of the holdings, including some of the midcap and smallcap companies.

Cost of living Updates Oct 25: The cost of living is basically the amount of money one needs to survive in a given place - to cover one's most essential needs such as food, water, housing, taxes, cost of commute and healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in common man's pocket.

Rich Lister Raphael Geminder’s Kin Group, which is attempting to buy out the other half of troubled packaging company Pact, has lashed out at an independent expert report which labelled the offer “neither fair nor reasonable”.

Magellan chairman Andrew Formica has ditched outgoing chief executive David George’s ambition to restore the investment manager’s assets to $100 billion as he searches for a replacement CEO to enact a turnaround.

By Yoshifumi Takemoto

By Heekyong Yang and Joyce Lee

Investing.com-- Australian consumer inflation edged past expectations in the third quarter as a recent spike in oil prices factored into higher fuel costs, feeding bets that the Reserve Bank will have more cause to hike interest rates. 

By Stella Qiu

No industry, and no business, is a fan of economic uncertainty, and many financial experts consider the current global market to be precarious. While every business has to look at ways to shore up operations and cut costs in a down economy, the effort can be particularly challenging for Web3 companies, which are relatively young, may have fewer ready resources than their more established Web2 counterparts, and operate within an industry many outsiders don’t understand and don’t grasp the value of.

A former big four accounting partner being sued for allegedly promoting tax exploitation schemes will claim others at his firm were involved in the drafting and review of documents.

Frankfurt-listed healthcare giant Fresenius Medical Care and Citi are seeking to make first-round bidders stand behind their offers as the auction for the $500-million-plus Cura Day Hospitals enters round two.

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment. 

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the U.S., monetary policies and escalating Middle East tensions weighing on sentiment. 

Mint explains. The headcount in India’s IT sector this fiscal year is expected to grow only 2.4%, as per recruitment firm Xpheno. This is in sharp contrast to the years just after the pandemic when it saw the phenomenon of the ‘Great Resignation’—engineers resigning in huge numbers, sending firms into a hiring frenzy as demand shot up.

₹48,000 including airline or rail and bus tickets; lodging; cars and cruises and destination activities for travel over 100 kilometres in the past 12 months. But those in the age group of 45-54 were the highest spenders, exceeding the average at ₹58,000.

Many people will soon be picking their health insurance plans for 2024: November is a common month for workplace open enrollment, and the public marketplace opens Nov. 1.

MUMBAI : Tata Consultancy Services (TCS) Ltd is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by India’s largest information technology (IT) services company in the past six years. The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will be effective from January, according to two executives privy to the development.

New Delhi: Amid the global economic crisis, Hexaware Technologies, a global IT services provider, is seeing substantial growth prospects. In an interview with TechCircle, chief executive Srikrishna Ramakarthikeyan shares his views on using digital technologies for growing its business, besides outlining the company’s strategy for emerging technologies like generative artificial intelligence, and plans for future growth and acquisitions. Edited excerpts: Our philosophy is that a change in ownership does not impact how we operate as a company and what we do right.

fire. Five years after the GDPR came into force, concerns are being expressed about how inconvenient it is that everyone who has anything to do with Europe, no matter how remote, still has to comply with its provisions.

NEW DELHI : The government plans to make it mandatory for consultants working on road construction projects to enter into ‘integrity pacts’ in keeping with global best practices. Such consultants will also have to show how much local sourcing they have in their service to bring in sync with the government’s public procurement guidelines.To be sure, the anti-corruption pact for consultants is not legally enforceable. However, it has also been made mandatory for builders contractors working on projects for individual public sector units such as the National Highway Authority of India.