COST Financial News

retail sector has undergone a remarkable change in recent years. With the pandemic accelerating the shift towards online commerce and bringing in a wave of technological transformation, brick-and-mortar stores have been severely impacted. Even businesses that were modeled around online retail have witnessed numerous challenges.

Housing prices in Kolkata have increased by 15 per cent year-on-year (YoY) in the April-June quarter of 2023. It was the highest increase in residential prices among the eight cities, according to the report. «Housing prices in the city have been on the rise over the past seven quarters. The recent surge in housing prices is owing to the rising demand boosted by positive government incentives such as extension of 2 per cent reduction in stamp duty and extension of 10 per cent reduced circle rates till September 2023,» the report said. Delhi-NCR came second as housing prices in the northern region have risen by 14 per cent YoY in Q2. Hyderabad witnessed a rise of 13 per cent in housing prices in the last year during the second quarter, said the report. At the micro-market level, Golf Course Road and Dwarka Expressway witnessed the highest rise in housing prices at 46 per cent and 40 per cent, respectively, on a YoY basis during Q2 2023. «Housing prices in Golf Course Road continue to surpass the prices of Delhi in Q2 2023 attributed to its improving connectivity and proximity to commercial office hubs in Gurugram, which have sparked a surge in demand for residential properties,» the report added.Pan India residential prices Q2 2023 (in Rs /sq ft) –

OpenAI's ChatGPT has become the fastest-growing app in history after its launch in November 2022. Since its launch, it has created both excitement and alarm to replace human in jobs. Now a report by Analytics India Magazine has stated that the company might go bankrupt by the end of 2024.

Steel is one commodity that has held a top position among metals for a long time. It continues to do so because steel is both a raw material and an intermediary for several industries. This could be why the production and consumption of steel are used as a parameter to gauge a nation's economic progress.

Narendra Modi will lay the foundation stone of a ₹100-crore temple dedicated to social reformer Sant Ravidas in the Sagar district where he will also address a public meeting. Notably, this will be PM Modi's second visit in just over a month to poll-bound Madhya Pradesh.

global warming, could extend beyond mere weather fluctuations. The warming trend resulting from El Nino could have significant health implications. Vector-borne diseases, like malaria and dengue, have been observed to spread as temperatures rise.

Federal Reserve policymakers are increasingly likely to leave interest rates unchanged at their next meeting after fresh evidence of easing inflation, but they’ll be careful to strike a tone that their job isn’t done yet. A report on Thursday showed the core consumer price index, which excludes often-volatile food and energy costs, rose 0.2% for a second month. That marked the smallest back-to-back gains in more than two years, adding to a steady wave of disinflation in recent months.

retail packs of daily essentials lighter without changing their prices to offset steep inflation last year have started putting grammage back into the packs amid cooling inflation of key ingredients and reduction in packaging costs. Industry executives said the gains from declining input costs are being passed on to consumers by directly putting back grammage in packs, specially for categories in popular price points of ₹10, ₹20 and ₹25, where frequent price changes are inconvenient.

Households and business will be condemned to higher power prices for decades if Australia does not embrace nuclear power, according to Coalition senators who are trying to overturn the existing ban.

Strategic Wealth Partners investment strategist Luke Llyod on what to expect from the July PPI and discusses 2Q earnings. 

HCLTech expects to sign more large deals, on similar lines as the $2.1 billion contract from Verizon announced on Thursday, in the next two-three quarters, chief financial officer Prateek Aggarwal told ET, as companies double down on cost optimisation amid macroeconomic uncertainty.The Verizon deal, the largest ever for the Noida-headquartered firm, “is consolidation of the work done in-house as well as done by several other service providers”, said Aggarwal. “More than 50% of the large deals currently are the cost-optimisation type of deals.” HCLTech, the country’s third-largest software services firm, has a number of deals in advanced stages in its pipeline, he said.

(Reuters) — Wynn Resorts (NASDAQ:WYNN) is winding down its online sports betting and iGaming platform, WynnBET, in certain U.S. states due to a lack of clear rules and higher customer acquisition costs, the casino operator said on Friday.

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

PwC Australia faces the prospect of a bruising defamation battle with partner Richard Gregg after a court ruled the consulting giant failed to follow proper process in an attempt to fire him.

By Walter Bianchi and Jorge Otaola

Jeff Rosenberger is about as close to a “lifer” as one can get in the relatively new financial technology industry.

Entertainment Network India Ltd (ENIL), the operator of India's top FM radio channel Mirchi, reported a net profit of ₹4.4 crore for the fiscal first quarter, rebounding from a loss a year earlier. For the quarter ended June 30, the company reported revenue of ₹91.7 crore, a decline of 3.7% YoY. Notably, the radio segment revenue was up by 7.6% year-on-year, led by volume growth.

Legionella bacteria were found on the barge. Migrants are removed from the Bibby Stockholm barge after traces of the bacteria causing Legionnaire’s disease were found in the onboard water system. Confirming the move, the UK Home Office said that all 39 migrants onboard the vessel in Dorset would be removed, but it did not say where they would be sent.

atma-nirbharta, if you will. Leading up to the Independence Day, Mint's newsroom had a cracking line-up of stories too.

NEW DELHI : The government on Friday decided to release onions from the 300,000-tonne buffer created this year as part of the price stabilization fund (PSF) to cool onion prices amid the broader trend of rising vegetable costs. After two years of relative stability, onion prices surged in recent weeks despite record arrivals at mandis (marketplaces for farm commodities).

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