COST Financial News

Nothing kicks off August with a bang. The company has introduced its Independence Day 2023 sale which names the Nothing smartphones the perfect upgrade. Nothing, which launched its second generation flagship smartphone Phone (2) last month, has introduced attractive offers for its customers on the homegrown e-commerce platform Flipkart. ICICI, Kotak Mahindra and HDFC Bank customers will get an instant cashback of Rs 3,000 on the purchase of the newest Nothing smartphone, starting at Rs 44,999. Users, who wish to upgrade their older smartphones, can get an additional exchange offer of up to Rs 4,000. Phone (2) went on sale last month in India. While the 8GB + 128GB model costs Rs 44,999 (only available in dark grey colour), 12GB + 256GB and 12GB + 512GB variants come with a price tag of Rs 49,999 and Rs 54,999, respectively, (in dark grey and white colour options). Powered by Snapdragon 8+ Gen 1, Nothing Phone (2) features a stunning 6.7-inch AMOLED display with LTPO, powerful 50MP dual rear camera, and Nothing OS 2.0. and Android 13 support, a 4700 mAh battery pack, and a new Glyph Interface, among other things. Moreover, customers can avail special prices on Nothing accessories like Phone (2) Case at Rs 499, Screen Protector at Rs 399, and Power (45W) Adapter at Rs 1,999. For Phone (1) and (2) buyers, the Nothing Ear (stick) is available at a discounted price of Rs 4,250. Other consumers can buy it at Rs 4,999. The Nothing Ear (2) White variant is also available at a special price of Rs 8,999.

Uber's surge pricing has once again come under scrutiny after CEO, Dara Khosrowshahi, expressed his astonishment at the exorbitant fare charged to a journalist recently. During an interview with Wired editor Steven Levy, Khosrowshahi was taken aback when shown a receipt for a 4-km trip in Manhattan, New York, which amounted to a staggering $51.69, including the driver's tip. Khosrowshahi's reaction was one of surprise, exclaiming, «Oh my God.

New York | The world’s largest accounting firms are fighting to block new rules in the US that would force them to take more responsibility for rooting out fraud at the companies they audit.

The High Court has opened the door to tougher penalties for corporate offending after rejecting a fine of $1.35 million for engineering firm Sinclair Knight Merz (SKM) in a foreign bribery case.

Fitch cuts US credit rating to AA+ from AAA after debt limit standoffs; White House “strongly disagrees" Fitch Ratings enlisted six key rating drivers in its statement. Take a look: Erosion of Governance: Fitch believes there has been a steady deterioration in standards of governance in the US over the last 20 years, including on fiscal and debt matters, in spite of the June bipartisan agreement to suspend the debt limit until January 2025.

Flipkart Big Saving Days sale, the iPhone 14 and iPhone 11 will be accessible at reduced prices in India. Currently, these models are listed on the platform for ₹68,999 and 41,999 respectively. Flipkart claims that the upcoming sale will offer even greater discounts, continuing its tradition of substantial price cuts on popular 5G smartphones.

«See unicorns are a mythical creatures right. But what I would like to say is that we have just seen a large number of tech start-ups going IPO that is a great start right,» says Prateek Jain, The Fundamentum Partnership.What is your outlook about the growth of unicorns in the country? Do you see the future is bright for the growth of unicorns in India? See unicorns are a mythical creatures.

Arul Selvan, President & CFO, Chola Investment & Fin, says “in Q1, the asset quality will slightly deteriorate because there would have been a lot of collection efforts going in Q4 because of the year-end, et cetera. So Q1 will always have a slight reversal of asset quality trend. In our case, we have just moved the stage 3 by 5 bps.

Health insurance comes in handy in such a situation. Moreover, if you buy a health insurance policy early, even with a low premium you can afford high coverage.

The equated monthly instalments (EMIs) which have already increased significantly last May, will go up further as the banks have started hiking lending rates. Many borrowers are likely to feel the pinch of such an increase in EMIs. 

From across the globe, spanning a diverse range of applications in finance — these are the world's top 200 fintech companies.

₹644.88 crore in the quarter ended June 2023, registering a decline of 38.5% from ₹1,048.78 crore in the year-ago period. The company’s revenue from operations in Q1FY24 increased 18.4% to ₹4,729.7 crore from ₹3,998.26 crore, YoY. Ambuja Cement' standalone sales volume in the April-June quarter of FY24 rose to 9.1 million tonnes from 7.4 million tonnes in the same period last-year.

Naik said that KMF has been supplying ghee to TTD for making the prasad laddus for several years now. He had said, “For many years, KMF ghee was used for Tirupati Laddu. I'm of the belief that no other ghee can stand up to the quality of Nandini ghee; our customers have given us this 100 per cent certification." Naik also spoke about the current supplier and said that they are supplying ghee to TTD at a very row rate as compared to KMF.

Adani group’s Ambuja-ACC has emerged the frontrunner to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement, ET had first reported on 25 July. As per sources aware of the matter, Adani group has come close to the expected enterprise value of Rs.

Pinterest beat Wall Street targets for second-quarter results on Tuesday and forecast higher margins for the year, supported by an advertising market recovery and cost-cutting measures.Tech giants Meta Platforms and Google parent Alphabet had also recorded strong ad sales, signaling a rebound in marketing spending by businesses as inflation cools and consumer confidence improves. Pinterest CFO Julia Donnelly said its adjusted core earnings margin will be higher by «roughly 400 basis points» in the current fiscal year. It was 16% in 2022.

“Midcaps operating in niche segments have done well, but considering valuations, we see more value in large caps at this juncture from a 1–2-year perspective,” says Ashutosh Tiwari, Managing Director & Head Institutional Equities at Equirus. In an interview with ETMarkets, Tiwari, said: “Avoid companies trading at high valuations and focus on those delivering good earnings growth and cash flows but trading at reasonable valuations. The margin of safety is more important right now” Edited excerpts:We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 marks. Is this too good to be true and we are running ahead of fundamentals? India has seen massive FII inflows from March to till date July of almost US$ 19.2bn vs net outflow of US$ 3.4bn in Jan-Feb and outflow of US$ 18.4bn in CY22.

Freshworks on Tuesday reported a 19% rise in its revenues to $145.1 million for quarter ending in June, and raised its full-year financial forecast for 2023 midpoint saying it will hit adjusted operating profit of $28 million. The Chennai and San Mateo, California-headquartered company said its net loss shrank to $35.66 million, or 12 cents per share, in the first quarter ended June 2023, from $69.75 million, or 24 cents per share, a year earlier. The company had raised its full-year 2023 financial forecast to an adjusted operating profit of $5 million in the previous quarter ended March 31, 2023.

The Andrews government will face more heat over its shock decision to cancel the Commonwealth Games after the Victorian Liberals won support from the crossbench to hold a parliamentary inquiry into the debacle.

Helloworld, one of the country’s largest travel agencies, says it is operating profitably again across all of its markets after upgrading guidance as spending on tourism rises.

Disney Star is bullish on onboarding robust sponsorships from most sectors, be it startups or established firms, banking on flexible advertising packages for the upcoming marquee Asia Cup and ICC ODI World Cup events that it forecasts will see unprecedented reach. «We are making advertising on Disney Star network flexible, we are making it customisable.

BEIJING — Instead of handing out cash, China is trying to make sure consumers and businesses spend where it matters economically.