COST Financial News
03.08 / 01:07
COST
Target
Citizens
Extreme
Google
Celebrity
Crooks blackmailing influencers using AI-made deep nudes
As per data gathered by ET, keywords like 'Remove Dress AI' and 'Deep fake AI tools' have seen a huge surge in Searches with related queries being those of websites like Undress AI, Magic Eraser AI, Soulgen AI. In the last week alone, 'Soulgen AI' has seen a 1,000% rise in searches while the keyword 'Soulgen' has seen a 1450% increase.
03.08 / 01:07
COST
UPS
Digital
CVS
Costs
As startups cut costs in funding winter, headhunters see flood of resumes
startups cut costs and lay off staff to adjust to a harsh funding winter, headhunters say they are seeing a flood of queries from nervous workers seeking a job elsewhere. Thousands of resumes are floating around, recruiters told ET. “We haven't seen this kind of influx of CVs for many years,” said Anuj Roy, managing partner at executive search firm Fidius Advisory.
03.08 / 00:11
COST
CEO
Writedowns tip Downer to $386m annual loss
Downer EDI will report a loss of around $386 million after writing off almost $550 million in goodwill and assets, the services contractor has warned, ahead of delivering its results next week.
02.08 / 22:24
COST
UPS
CEO
PwC
show
Posthaste: Is the Great Resignation back on? More workers planning to quit as pressures mount
The rising cost of living coupled with dissatisfaction at work are prompting more Canadians to consider quitting their jobs — threatening to usher in a fresh wave of the so-called Great Resignation.
02.08 / 21:15
COST
SEC
Fallout
Discover
performer
Cyber
Materiality Definition Seen as Tough Task in New SEC Cyber Rules
New rules governing when publicly traded companies must report serious cyberattacks to financial regulators center on materiality. Executives disagree on whether the concept is as simple as it seems. The U.S.
02.08 / 19:35
02.08 / 19:35
02.08 / 19:35
02.08 / 19:35
COST
FIVE
Corning
country
cover
Deal
exits
Mideast countries that are already struggling fear price hikes after Russia exits grain deal
Egypt and other lower-income Middle Eastern countries like Lebanon and Pakistan are worried about what comes next after Russia pulled out of a crucial wartime grain deal
02.08 / 19:35
02.08 / 19:35
COST
Cooper
Fox
CEO
Entertainment
WWE's McMahon served with subpoena by federal agents
Federal law enforcement agents executed a search warrant and served a federal grand jury subpoena to WWE Executive Chairman Vince McMahon last month, according to a regulatory filing
02.08 / 19:09
02.08 / 19:07
COST
UPS
Aviat
Airlines
IndiGo Q1 profit soars to record
NEW DELHI : InterGlobe Aviation Ltd, the operator of India’s largest airline IndiGo, reported record quarterly profit and revenue on robust demand for air travel, lower fuel costs, and favourable foreign currency movement. Net profit rose to ₹3,090.6 crore in the quarter ended 30 June from a loss of ₹1,064.3 crore. Total income rose by 32% to ₹17,161 crore from a year earlier.
02.08 / 18:11
COST
UPS
FIVE
Enterprise
Banks’ RoA to decline in 2.5 yrs: McKinsey
Mumbai: Indian banks are poised to see a decline in their return on assets (RoA) over the next 24-30 months, with an estimated range of 0.8% to 1%, as net interest margins contract owing to repricing of deposits, an analysis by McKinsey & Co revealed on Wednesday. The RoA of the banking system, a metric reflecting profitability relative to assets, is witnessing a positive trajectory in recent years, rising from -0.2% in FY18 and 0.9% in FY22 to 1.1% in FY23. “If we take a 12-18 month view, we expect RoAs to fall," said Peeyush Dalmia, senior partner, McKinsey.
02.08 / 18:11
COST
Target
Progressive
Manufacturing
Action
Align
Govt set to auction 90 critical mineral mines
New Delhi: The central government is set to auction around 90 mines containing critical minerals, such as lithium, which had not been put under the hammer by states for almost four years, a senior government official said on Wednesday. The change in the auction process was initiated soon after the Rajya Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023, earlier in the day.
02.08 / 18:11
COST
UPS
SENSEX
Fitch
US debt shudders
A downgrade of the US sovereign debt rating to AA+ from AAA by Fitch Ratings overnight on Tuesday sent shudders around the world, with stock markets tumbling by as much as 2.5%. In India, the S&P BSE Sensex closed about 1% lower on Wednesday. Fitch’s move reminds us of a similar rating cut by Standard & Poor’s in 2011.
02.08 / 17:43
COST
UPS
Provident
Aware
Veda
country
Suniel Shetty invests in mental health app
₹55 crore over the next two years in the app to offer accessible, inclusive mental health support to people and provide a solution to help end the stigma of mental health. The made-in-India app, Shetty said, will democratize mental health treatment in India and worldwide. “I have seen the dedication of Manun since he launched Veda and when he came up with the idea to launch an app to make it affordable and accessible to people, my first question to him was how can I help? This app is a significant step in supporting people with mental health tools and online therapy so they can thrive in all aspects of their lives.
02.08 / 17:27
COST
FIVE
CEO
performer
beautiful
Nykaa CEO Falguni Nayarto lead marketing function
Mint has learnt. Falguni Nayar, founder and CEO, will now lead the marketing function, the company said in statement. “As announced in April 2023, marketing leadership at Nykaa has been strengthened over the last year across performance marketing, customer lifecycle management and content charters.
02.08 / 17:27
COST
Provident
Align
stage
country
India, Sri Lanka to begin talks on petroleum pipeline project
Mint has learnt. The project, which was announced during president Ranil Wickremesinghe’s visit to India in July, is expected to help Sri Lanka improve its energy security at an affordable cost. Among other things, the meetings are expected to touch on the physical alignment of the petroleum pipeline.
02.08 / 17:13
COST
Provident
CEO
star
cover
Insurance plan for diabetics: A costly, bitter pill to swallow
₹5-10 lakh. Even regular daily treatments are very expensive. Prashanth Manikananda (49) from Thalakkad, Kerala, has been suffering from type 1 diabetes—a chronic condition in which the pancreas produces little or no insulin—for many years now.
02.08 / 17:13
COST
UPS
FIVE
How much should I invest in a SIP for my child’s education?
I am 36 years old and do not have a Systematic Investment Plan (SIP) so far due to my home loan and other financial liabilities. Now that I intend to start a SIP, how much should I invest every month to secure the future of my family, including my child? —Name withheld on request As a first step you need to establish how much you need for your financial goals. Since you have not mentioned your child’s age so we assume that your child is five years old and will start college in about 13 years.
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