COST Financial News

RBL Bank Q2 results: RBL Bank released their July-September quarter results on Saturday and reported a 46% year-on-year jump in their net profits which jumped to ₹294 crore during Q2FY24 from ₹202 crore during the same quarter last fiscal. The net interest income (NII) of the RBL Bank grew 26% YoY to ₹1,475 crore while the revenue of the bank witnessed a YoY jump of 24% to ₹2,179 crore. Sequentially, the net profit of the bank grew 2% as it was ₹288 crore during Q1FY24, while the revenue of the RBL Bank jumped 3% QoQ as it was ₹2,108 crore during the quarter ending June 2023.

cost overruns rose to a six-month high in September, according to data released by the government. The estimated cost of central infrastructure projects was 21.92% higher in September than the original cost, compared with 19.08% witnessed in August. The government will need to shell out an extra Rs 4.5 lakh crore on projects which value Rs 150 crore and above, taking the total spending to Rs 24.8 lakh crore. The time of completion also jumped compared with the previous month to 38.63 months from 36.96 months projected earlier. Although the number of delayed projects declined to 823 in September from 830 in August, 58% are now delayed for over two years. The government’s monitoring portal considered 1,418 projects in September, of which 12 were added from the previous month.

Yes Bank Q2 results 2023: Yes Bank Limited has declared its second quarter results for the current financial year 2023-24. The private lender has managed to beat the market estimates as it has manged to report rise in net interest income (NII) on both YoY and QoQ basis.

1. Product Selection - The consumer selects a product or service they wish to purchase through Zero EMI. This could be anything from a smartphone to a home appliance or even a vacation package.

BGMI shared a post unveiling the latest Skull crate and its accompanying items for players. With the crate now available in the game, players can acquire it using UC, the in-game currency for BGMI. Interestingly, the new crate showcases a range of Halloween-themed exclusive items, such as the Skeletal Chevalier set, Chaosbound Shackles set, Chaosbound Shackles-MK47, and the Sweet Jaunt Parachute.

dream home during this festive season, but find yourself short on the required finances? Consider a home loan, especially since the Indian government has introduced various schemes that offer subsidies, making it easier for individuals to realise their dream of owning a home. The Indian government has introduced several schemes and subsidies to help save on home loans during the festive season. Here are some of the options: Pradhan Mantri Awas Yojana (PMAY): This scheme provides interest subsidies on home loans for individuals from economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).

war against the barbaric Hamas, while trying to reach out to moderate Palestinians. Biden, I know, tried really hard to get Israeli leaders to pause in their rage and think three steps ahead — not only about how to get into the Gaza Strip to take down Hamas but also about how to get out — and how to do it with the fewest civilian casualties possible. While the president expressed deep understanding of Israel's moral and strategic dilemma, he pleaded with Israeli military and political leaders to learn from America's rush to war after 9/11, which took our troops deep into the dead ends and dark alleys of unfamiliar cities and towns in Iraq and Afghanistan. However, from everything I have gleaned from senior U.S. officials, Biden failed to get Israel to hold back and think through all the implications of an invasion of Gaza for Israel and the United States. So let me put this in as stark and clear language as I can, because the hour is late: I believe that if Israel rushes headlong into Gaza now to destroy Hamas — and does so without expressing a clear commitment to seek a two-state solution with the Palestinian Authority and end Jewish settlements deep in the West Bank — it will be making a grave mistake that will be devastating for Israeli interests and American interests. It could trigger a global conflagration and explode the entire pro-American alliance structure that the United States has built in the region since Henry Kissinger engineered the end of the Yom Kippur War in 1973.

Despite a housing slump going back more than a year, soaring home prices in recent years and a stubborn shortage of properties on the market are helping to drive solid profit gains for sellers

Catch all the LIVE updates here Soon after the announcement was made about the change in timings, the countdown timer which was displayed on the monitors at Satish Dhawan Space Centre was also removed. The 13-hour countdown commenced on Friday at 7pm.

Kotak Mahindra Bank Q2 Results Preview: Kotak Mahindra Bank is all set to announce its July-September quarter results for fiscal 2023-24 (Q2FY24) on Saturday, October 21. The leading private sector lender is expected to report a healthy quarter aided by higher net-interest income (NIIs), strong loan growth and net profit, according to estimates by analysts and leading brokerage houses. This is the first quarterly earnings results since the bank's managing director (MD) and chief executive officer (CEO) Uday Kotak resigned from his position in September, three months ahead of schedule, and passed on the baton to Dipak Gupta - who is currently serving as interim CEO till December 31, 2023.

₹2,000 currency note and an improved real rate of return, analysts said. ICICI Bank is expected to report strong net profit growth and net interest income (NII) growth during the July-September quarter of FY24, while net interest margin (NIM) is likely to remain stable. Also Read: HDFC Bank Q2 Results Highlights: Net profit at ₹15,980 crore, NII at ₹27,385 crore The bank’s slippages have moderated over the past few quarters and are likely to remain under control.

(Reuters) — S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010.

By David Lawder

AmeriVet Securities head of U.S. rates Gregory Faranello on the Fed pausing rate hikes, his outlook for the market and the UAW strike.  

The NSW government will pump $128 million into communities hosting transmission lines and power plants for the state’s first Renewable Energy Zone as it seeks to prevent further delays to infrastructure deemed critical for the transition to low-carbon energy.

The governments of Alberta and Canada are to provide $165 million to support livestock producers affected by drought and extreme weather conditions.

Adani Group said on Friday that it has refinanced part of the debt taken for the acquisition of Ambuja Cements and ACC through a $3.5 billion financing package raised from a clutch of international banks. The loan will have a tenor of three years and will result in an interest cost saving of around $300 million, the Adani Group said, without disclosing the terms of the agreement. This comes at a time when interest rates have significantly gone up globally following rate hikes by the US Federal Reserve. The transaction is being financed by a consortium of 10 international banks including DBS Bank, First Abu Dhabi Bank, Mizuho Bank and MUFG Bank.

The director of one of the groups seeking to buy a stake in the Trans Mountain pipeline says nothing less than “material” ownership by Indigenous people is acceptable if Ottawa is serious about reconciliation.

Canadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest rates steady next week.

David Warner and Mitchell Marsh powered Australia to a 62-run victory over Pakistan with their entertaining centuries Friday in the fourth game for both teams at the Cricket World Cup. Pakistan paid heavily for dropping Warner on 10 as the left-hander blazed his way to 163 off 124 balls and Marsh celebrated his 32nd birthday with a career-best 121 off 108 balls in Australia’s imposing total of 367-9. Pakistan, which won the toss and elected to field, came back strongly in the last 10 overs with Shaheen Afridi picking 5-54 and Haris Rauf, who was smacked for 24 in his first over by Warner and Marsh, taking 3-83. But the damage done by Warner and Marsh was more than enough to give Australia enough runs on board. Australia kept coming hard at Pakistan once claiming the wickets of both openers Imam-ul-Haq (70) and Abdullah Shafique (64) before it got Babar Azam's team bowled out for 305 with more than four overs to spare. “Pretty tough playing here, but good to get a win,” Australia captain Pat Cummins said.

Economists raised their U.S. growth projections through early 2024 and trimmed recession odds to a one-year low as consumers continue to spend.