COST Financial News
01.08 / 19:05
COST
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performer
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Horoscope Today: Money astrological predictions for August 2, 2023
Ganesha says today will be spent in many activities and will get good results. It is the right time to materialize your future plans. At this time you will get a good opportunity to show your skills.
01.08 / 18:41
COST
Lowe's
Manufacturing
show
country
Industry activity remains strong on new export orders
Manufacturing activity continued its strong momentum in July even as a marginally softer rate of expansion in output and new orders brought down the PMI reading for the month to 57.7 from 57.8 in June. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) for July released on Tuesday pointed to an improvement in overall operating conditions for the 25th straight month. In PMI parlance, a print above 50 means expansion while a score below 50 indicates contraction.
01.08 / 17:09
COST
UPS
Booking
Mobile
Uber Got a Bit Too Revved Up
Uber Technologies’s road to actual profits has been a long one, but investors still got there early. The ride-hailing company’s second-quarter results Tuesday included its first-ever operating profit, based on generally accepted accounting principles. This comes just a little over four years after Uber listed its shares on the New York Stock Exchange, though the company has been on this trip for quite some time, having reported its first profit on the far more generous standard of adjusted earnings before interest, taxes, depreciation and amortization in late 2021.
01.08 / 17:09
COST
UPS
Time
ITR filings touch all-time high of 67.7 mn, up 16% from last year
₹5 per annum, then you can file your ITRs for assessment year 2023-24 or fiscal 2022-23 till 31 December 2023, by paying a penalty of ₹5,000.It added that if your income is below ₹5 lakh per annum, then the penalty cost is ₹1,000 for filing ITRs till the end of the year.
01.08 / 17:09
COST
UPS
Lowe's
FIVE
Manufacturing
show
Capex: Are India Inc’s animal spirits back?
CHENNAI : Last time corporate India unleashed its animal spirits, the economy grew at its fastest pace ever. That was almost two decades ago. The period between 2002 and 2008 saw huge investments from private companies as they expanded their manufacturing footprint and acquired companies overseas.
01.08 / 16:43
01.08 / 16:31
COST
NIFTY
foreign
Fed rate hike
Fed rate hike rattles foreign investors with leveraged bets
MUMBAI : The hike in a benchmark interest rate by the US Federal Reserve seems to have spooked Foreign Portfolio Investors (FPIs) who were punting and hedging on Indian index derivatives near record high levels. From holding most bullish positions in index futures (Nifty and Bank Nifty) contracts in four years last month, FPIs sharply cut their positions to a fraction after last Wednesday’s rate hike by the Fed. Their squaring off of leveraged bets was largely responsible for the Nifty correction from a record high of 19991.85 on 20 July to 19753.8 on 31 July because to close out a long position the FPI has to sell the contract, which adds to the overall selling pressure.
01.08 / 16:31
01.08 / 16:31
COST
UPS
Manufacturing
Aldi
Nestle
Europe’s lower food inflation isn’t good news for marketers
Huge hikes in food prices and other daily essentials in European markets are coming to an end. That’s the message coming loud and clear from the big European retailers and consumer-goods companies. While this should bring relief to suffering consumers, it means different challenges for supermarkets and manufacturers.
01.08 / 16:31
COST
UPS
Manufacturing
show
performer
star
July factory production stays robust despite dip
NEW DELHI : Manufacturing activity in July dipped slightly as compared to the previous month while maintaining a strong growth momentum driven by a sharp uptick in new export orders, a private survey on Tuesday said. S&P Global said that India’s purchasing managers’ index (PMI) for manufacturing fell to 57.7 in July, down from 57.8 in June, and 58.7 in May. A figure of 50 separates expansion from contraction.
01.08 / 16:19
COST
Provident
Waters
Parke
awards
BJP slams Congress’ “anti-Kannadiga”-ness; calls out Bhuvaneshwari statue cancellation, Kaveri dispute, school uniform contracts
BJP on Tuesday slammed the government in a series of tweets, calling it anti-Kannadiga, a rhetoric which ironically the Congress had employed in the recent assembly elections towards the then-incumbent BJP. The saffron party called out the government over several decisions, from cancelling the construction of a statue of Karnataka’s goddess Bhuvaneshwari devi in Bengaluru to getting government school uniforms stitched by a Maharashtra-based company rather than a Kannadiga one.
01.08 / 15:11
COST
UPS
CEO
show
Premium
Diageo
Diageo serves up profit rise with more premium spirits in the mix
brands offset lower volumes. The world's largest spirits maker tapped into higher demand from amateur cocktail makers during the COVID-19 pandemic that has driven at-home sales since. Households began trading up along the way, investing in brands such as Bulleit Bourbon and Don Julio tequila.
01.08 / 14:21
COST
UPS
Provident
Assurant
PwC
social
Assurance players seek Sebi clarity on ‘overly restrictive’ ESG assurance rule
ESG refers to environment, social and governance. The firms provide a variety of permissible and non-conflicting non-audit services like tax, compliances and other advisory services to major companies. The Sebi notification on July 12 said, “The listed entity shall ensure that there is no conflict of interest with the assurance provider appointed for assuring the BRSR Core.
01.08 / 14:15
COST
Amazon
Qualcomm
Xiaomi
blues
Redmi 12 4G and Redmi 12 5G debut with 50MP dual camera: Price, offers and other details to know
Redmi 12 4G runs on MediaTek Helio G88, the Redmi 12 5G is powered by a Qualcomm processor. The Redmi 12 4G comes with a starting price of ₹8,999. It’s base model packs 4GB RAM with 128GB internal storage.
01.08 / 14:15
01.08 / 14:15
COST
Drop
Costs
Godrej Agrovet posts higher Q1 profit at 27.3% as costs drop
India's Godrej Agrovet Ltd reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses. The company's consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago. The easing in retail food inflation in the quarter and demand recovery in the agriculture sector aided profitability as raw material costs cooled off.
01.08 / 14:03
01.08 / 13:53
COST
UPS
Target
Strategy
Remark
trudeau
Costs
Justin Trudeau shifts some of the blame for eye-popping housing costs
Prime Minister Justin Trudeau heaped some of the blame for skyrocketing housing costs on high interest rates and inaction by other levels of government, signalling a more defensive tone on an issue where his main political rival has hit him hard.
01.08 / 13:51
01.08 / 13:41
COST
UPS
Target
Booking
CEO
Q3
Uber Q3 Results: Co swings to black on ride-hailing demand; posts first operating profit
operating profit above Wall Street expectations as it sees growing demand for ride hailing due to strong leisure travel trends and gradual return to in-office work. The San Francisco-based company's shares rose about 4% in premarket trading, while rival Lyft's shares increased 2%, as Uber also reported a surprise second-quarter profit. Uber's cost controls ranging from layoffs to lower transaction costs and maintaining a steady headcount have helped the company maintain its target to post operating income profitability this year.
01.08 / 13:19
COST
UPS
Target
Manufacturing
CEO
country
India to emerge as global renewable energy powerhouse with fastest growing capacity
New Delhi: India is poised to establish itself as one of the largest solar module manufacturers in the world and is witnessing the fastest growing capacity in renewable energy, said Raj Kumar Singh, Union minister of power and renewable energy. Speaking at an event in Delhi, the minister highlighted India’s impressive strides in the renewable energy sector, including green hydrogen, fostering a robust ecosystem. The country boasts one of the largest manufacturing ecosystems for wind energy and is experiencing rapid growth in solar capacity, propelling India to be the global leader in renewable energy.
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