COST Financial News

Dabur International Ltd, claiming that their hair-relaxer products caused ovarian and uterine cancer, according to a report by CNBC-TV18. Dabur International Ltd sells over-the-counter hair straightener and relaxer products under various brand names. According to the report by CNBC-TV18, there are 5,400 cases in multidistrict litigation (MDL). «Cases filed in the US and in Canada against 3 subsidiaries of Dabur,» the report claimed. However, the company said defence costs for the litigation are expected to breach the materiality threshold in the near future. Currently, cases are in the pleadings and early discovery phases of litigation. «There are various motions pending as well.

(Reuters) — Dabur India said on Wednesday its subsidiaries were among companies sued in the U.S. and Canada by customers alleging that the use of hair relaxer products had caused ovarian cancer, uterine cancer and other health issues.

MUMBAI : After extended legal battles and massive layoffs, Byju’s, the largest edtech startup in India, is in initial stages of planning a rewards programme for 7,000-10,000 members of its sales team. One of the options on the table is a short-term cash incentive, said a senior company executive. But its challenging financial situation has also prompted the firm to assess if its balance sheet can take the hit of this programme, he added.

Prime Minister Justin Trudeau says he is “deeply concerned” over Alberta Premier Danielle Smith’s proposed plans to withdraw the province from the Canada Pension Plan (CPP).

Loyalty program operator Air Miles has announced an exclusive partnership for hotels and vacation rentals with Expedia Group Inc. as part of its of newly launched travel booking platform.

The Bank of Nova Scotia says it’s cutting about three per cent of its global workforce because of changes to its operations and customers’ preferences, as well as ongoing efforts to streamline operations.

Fox News senior correspondent Alicia Acuna reports on a new survey which shows doctors' appointments in metropolitan areas are hard to come by.

Asia-Pacific should accelerate this year to 4.5%. But IMF estimate for growth next year has been lowered to just over 4%, based on signs of slowing growth and investment in Q3.

Electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA) is set to release its Q3 earnings report today. The Austin Texas-based giant's stock has been trading sideways recently, and investors are hoping this report will provide the stock the spark it needs to resume the uptrend.

Citadel Securities and a trade group sued the Securities and Exchange Commission on Tuesday over changes the regulator is making to how trading data are reported and paid for in the markets.

Click here! "Ukhrul is an important town after Imphal but water scarcity is a major problem. To resolve the issue, ₹6 crore has been sanctioned for augmentation of water supply in the town," the chief minister said while adding that the state government is planning to build a dam with a cost of ₹180-200 crore.

By Deborah Mary Sophia

(Reuters) -Wall Street's top regulator on Wednesday proposed new regulations it said should level the playing field among broker-dealers operating on U.S. stock exchanges by ending pricing schemes that tend to favor bigger players.

stock exchanges, the Securities and Exchange Commission (SEC) is set to propose a proposal targeted at eliminating pricing practices that have typically benefitted larger broker-dealers. This plan, which will be voted on during a public hearing in Washington, seeks to limit the practice of stock exchanges giving lower transaction fees and incentives to brokerages with bigger trading volumes, a practice that has historically given larger businesses an unfair competitive advantage. The SEC's motivation behind this initiative is to address the intricate and unequal pricing tiers that exist among various exchanges, often resulting in substantial cost discrepancies for different brokerages. These current pricing structures, as outlined by SEC officials, have evolved into complex systems that prove challenging for market participants to decipher. One of the key purposes of this new regulation is to prevent conflicts of interest that arise when brokerages execute orders in a way that prioritizes their own interests above the interests of their clients.

LTIMindtree reported a 2% on-year dip in net profit for the second quarter amidst a “challenging business environment” that was marked by wage hikes and muted growth. The company however retained its margin guidance led by strong in flow of cost optimization deals and cost optimisation program. Net profit for the three months ended September was Rs 1162.3 crore, compared with an estimated Rs 1,189 crore a year ago.

African Diamond Producers Association's (ADPA) opposition to the G7 diamond protocol. The G7 countries are pushing for this protocol to prevent the entry of Russian diamonds into their countries. India cuts and polishes 9 out of 10 diamonds sold in the global market and diamond exporters in the country say it is very difficult to ascertain the origin of a diamond once it is cut and polished. ADPA has written to the chairman of the Kimberley Process Certification System (KPCS) to convey its resentment at not being included in the G7 discussions held since February on the matter and has rejected the G7 diamond protocol. Russian diamonds cut and polished outside Russia are considered originating from the country that “transformed” them.

IIFL Finance on Wednesday reported a 32 per cent on-year growth in net income at Rs 526 crore for the quarter ended September 30, driven by higher interest income. Total income grew 33 per cent to Rs 1,599.3 crore, the company said, adding its asset quality improved with gross Non-Performing Assets (NPAs) falling to 1.8 per cent from 2.4 per cent and net NPAs improving to 1 per cent from 1.2 per cent.

₹20,773.70 crore, with central financial assistance at 40% of the project cost i.e. ₹8,309.48 crore.

(Reuters) -Bank of Nova Scotia will cut about 3% of its global workforce as a part of efforts to streamline operations, Canada's fourth largest bank said on Wednesday.

The Federal Reserve should extend its pause on interest-rate increases because of growing evidence that higher borrowing costs will slow the economy despite recent signs of hiring and spending strength, a top central bank official said. Philadelphia Fed President Patrick Harker in a Tuesday interview said he thinks the central bank can likely wait until early next year to decide whether rapid rate increases over the past 20 months have done enough to keep inflation heading lower. “This is a time where we just sit for a little bit.

Printing at home has never been this affordable, and the timing couldn't be better. With the sale happening, you'll be well-prepared for all your printing needs throughout the year. No need to rush for last-minute print jobs or pay extra at the local print shop.