COST Financial News

Manchester United's newly-signed goalkeeper, Andre Onana, experienced a nightmarish debut at Old Trafford when he was outsmarted by RC Lens with a long-range strike from just inside his own half. The Cameroonian international's audacious style of play proved costly, leaving him red-faced in front of the home fans during the pre-season clash against the French outfit.

Delhivery is expected to breakeven on an adjusted EBITDA level during the current financial year, cofounder and chief executive Sahil Barua said in post earnings call on Saturday. This comes a day after its losses narrowed 78% year-on-year to Rs 89.4 crore for the quarter ended June 30.

By Hyunsu Yim

Bank of Baroda (BoB) posted an increase in net profit riding on strong growth in retail loans and fee income even as new CEO Debadatta Chand set his sights on getting a larger share of corporate wallets this fiscal. Net profit increased to Rs 4,070 crore in the quarter ended June 2023 from Rs 2,168 crore a year ago, largely due to a 24% increase in net interest income (NII) supported by a brisk growth in retail loans, which grew by 25%. Fee income increased 18% year-on-year to Rs 1,507 crore in the quarter.

postpartum depression, a milestone considered likely to increase recognition and treatment of a debilitating condition that afflicts about a half-million women in the United States every year. Clinical trial data show the pill works quickly, beginning to ease depression in as little as three days, significantly faster than general antidepressants, which can take two weeks or longer to have an effect.

“The stock market is not the economy.”

₹1,39,579 crore for the next phase of Bharat Net to make the 5G network available to remote areas of the country, said Ashwini Vaishnav, minister of communications and electronic & information technology. “With a system of ring topology, we plan to reach 6.4 lakh villages within the next two years from the current 1.94 lakh connected villages under the Bharat Net Udyami Yojana," he said.

₹250 crore will have to compulsorily follow GMP within six months, while those with a turnover of less than ₹250 crore will have to do so in a 12-month period. The government amending schedule M of the Drugs and Cosmetics Rules, 1945 to upgrade and tighten the GMP norms for pharma firms. This compulsory compliance comes after the government inspection found serious lapses in the maintenance by these drug firms.

BEST — Mumbai's civic transport utility — over salary hike and other demands entered the fourth day on Saturday with more than 1,000 buses staying off roads, leaving commuters hassled. Of the total 1,671 private buses of the Brihanmumbai Electric Supply and Transport (BEST), 1,077 buses remained stationed at 18 depots, its spokesperson Sunil Vaidya said. The BEST operates buses from 27 depots across the city.

Missouri plans to spend $50 million on railroad crossing improvements in response to a 2022 fatal Amtrak derailment

U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump

₹4.23 lakh, a report by Navbharat Times has stated. The total number of flats being offered are only 462. The 2 BHK Prime BHS flats is situated in Sector 22D along the renowned Yamuna Expressway.

₹300 per kilogram in the coming days and the prices of other vegetables are also likely to shoot up. Tomato prices have been under pressure for more than a month now. Besides, rain fury has worsened the supply, causing further price increases.

planning to buy your dream home, individuals should be well versed with the home loan rates and the rules associated with them. In an email interview with Livemint, Mahesh Shukla, CEO & Founder, PayMe talked about Cibil Score, additional charges associated with a home loan, and risks associated with opting for a variable interest rate on a home loan. To achieve a better interest rate on a home loan, one should consider several strategies.

mental health assistance and wellness programs for the workforce. Mental health and well-being in the workplace are of utmost importance as they impact individual and organisational success. When an organisation acknowledges and addresses an employee’s mental health needs, it improves their overall well-being, reduces stress, increases job satisfaction, and enhances their work-life balance.

Nikola lost more than a quarter of its market value on Friday after the U.S. electric truck maker named its fourth CEO in as many years and reiterated for the third time this year its doubts about continuing as a going concern. The news came a day after shareholders approved a plan to issue more stock to bolster much-needed cash despite worries of dilution, as Phoenix-based Nikola navigates lingering supply chain snags and a pivot to hydrogen fuel-cell technology. The company said Chairman Stephen Girsky, a former General Motors executive, will immediately take over from Michael Lohscheller, who is stepping down due to a family health matter. Nikola's investors on Thursday approved a proposal that will allow the company to issue more shares. It needs USD 600 million to execute its business plan but it will not be entirely dilutive equity capital, Girsky said on a call with reporters. Before Friday's 26.4% fall — closing at USD 2.50 — Nikola's share price had soared nearly 60% this year.

Fisher Investments founder Ken Fisher discusses whether the U.S. credit downgrade is a big deal for Wall Street as markets sell off on 'Varney & Co.'

Continental Resources Chairman Harold Hamm breaks down President Biden's war on fossil fuels on «Kudlow.»

Florida CFO Jimmy Patronis says communication and negotiations have been met with atrocious effort from Farmers Insurance, which halted policies in the high-risk hurricane state this week.

Lamborghini, though sales of its super-luxury cars are limited in India due to high taxes and lack of adequate infrastructure, said the Italian automaker's chairman and chief executive, Stephan Winkelmann. «There are more (Indian) owners than we sell cars in India. What is a bit of a challenge today for the Indian market, for sure, is the high taxation we have for our type of products, and then, the infrastructure,» Winkelmann told ET.

mobile phones, without a data connection, on the lines of direct-to-home (DTH). Termed D2M (direct-to-mobile), the technology will allow mobile phone users to watch TV on their devices akin to watching TV through a cable or DTH connection. The Department of Telecommunications (DoT), Ministry of Information and Broadcasting (MIB) as well as IIT-Kanpur are working on the details, government officials aware of the matter said.