COST Financial News

The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon

Oklahoma's new Republican attorney general says he's stepping into an ongoing legal dispute over tribal gambling agreements signed by Gov. Kevin Stitt several years ago

UPS has reached a contract with its 340,000-person union, averting a potential strike that would have disrupted deliveries for businesses and households nationwide

Officials say a Kentucky-based indoor farming company that was backed by Martha Stewart when it began shipping tomatoes in early 2021 has filed for bankruptcy

General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago

Crawford and Errol Spence Jr., will collide with each other to crown an undisputed welterweight champion. This matchup follows Naoya Inoue's recent ruthless victory over Stephen Fulton, adding more excitement to the boxing world. Crawford, an ultra-skilled three-division world champion, boasts an impeccable record of 39-0 with 30 knockouts. Holding the WBO welterweight title since defeating Jeff Horn in 2018, he has successfully defended it six times against notable opponents, such as Amir Khan and Kell Brook. His formidable opponent, Errol Spence Jr., is the unified WBA, WBC and IBF champion, with an equally impressive record of 28-0 with 22 knockouts. Spence claimed the IBF crown in 2017 after a late knockout of Kell Brook and has since been dominating the division. The bout is set to take place on Saturday (July 29), at the T-Mobile Arena in Las Vegas, Nevada. The main undercard begins at 1 am BST on Sunday, July 30 (5 pm PT, 7 pm CT, 8 pm ET on Saturday), with the main event ring walks expected at approximately 4 am BST (8 pm PT, 10 pm CT, 11 pm ET on Saturday). To watch the event, viewers in the UK can tune in to TNT Sports Box Office via pay-per-view television at a cost of £19.95. Alternatively, it can also be streamed live through the TNT Sports Box Office player. In the US, the viewers can watch the fights on Showtime pay-per-view, priced at $84.99.

After receiving approval last year to finance infrastructure projects, state-owned Power Finance Corporation is looking to venture into funding ports, airports, refineries, and metros in addition to its traditional lending to utilities. The power financier has also earmarked 20% of its borrowing for foreign markets and will be exploring US dollar, euro and yen-denominated issuances, said Parminder Chopra, director-finance in an interview with ET. Edited excerpts:Your ongoing issue is the first public issue launched since January 2021. What prompted it now and can we expect more such issues this year? In 2021 we took a significant step and decided to make the public at large to be a partner in the growth story of the Indian power sector.

₹10.2 trillion bad loans, showed data from the Reserve Bank of India (RBI). In its Report on Trend and Progress of Banking in India in December, RBI said the reduction in non-performing assets of state-owned banks in FY22 was primarily due to loans being written off. However, industry officials said that while written-off assets present opportunities, they are likely to adopt a pick-and-choose approach for technical write-offs, or loans where banks are still actively seeking recovery avenues.

social media presence are trying to fight the plague of influencers with fake follower numbers. There's been a steep surge of influencers on platforms such as Instagram as well as those who blog and stream videos in India. Brands need them but with the number of Indian social influencers pegged at 80 million, it's hard to figure out who's genuine.

Tata Steel will have to take a call on the future of its operations in the United Kingdom within the next year as some of its assets there approach the end of their operational life, managing director TV Narendran said. «Some of the assets are going to come to the end of life, so we need to take that call anyway. The government also knows that.

Unilever global chief financial officer Graeme Pitkethly said it can see reason for positivity in India, including recovery in villages over the past quarter, while signalling possible price cuts in the core categories of soaps and detergents to accelerate growth. «The market in India continues to grow in value, and volumes are also now recovering with rural volumes moderately positive over the last three months,» Pitkethly told analysts during first-quarter earnings call at the parent of Hindustan Unilever (HUL), India's biggest consumer goods company.

GST) evasion by up to 30 insurers has found that in certain cases, the companies submitted hurriedly made invoices to contest charges of wrongful input tax credit claims by the authorities, sources in the know told ET. «In the case of a major insurance firm summoned during the course of the probe, the executives tried to submit fake e-way bills raised by its vendors to claim the input tax credit,» said an official privy to the development. «When confronted with the audit findings, the company agreed to pay at least half the GST demand.» GST E-way bill is a document used to tracking goods in transit, and datasets are triangulated with costing entries in the enterprise software systems to establish the authenticity of input credit claims.

By Lucia Mutikani

DreamWorks All-Star Kart Racing" is set to hit the gaming scene in 2023. This action-packed title will be available on various platforms, including PlayStation 5, Xbox Series, PlayStation 4, Xbox One, Nintendo Switch and PC (Steam).

Fountain Life plans to address this by utilizing artificial intelligence to detect pre-symptomatic heart conditions. They offer an AI coronary artery scan that claims to identify heart attack risks several years before any symptoms first appear.

₹753,860 crore during 2022-23 (budget estimate), compared to ₹656,626 crore debt (revised estimate) during 2021-22. Similarly, Uttar Pradesh saw its debt increase to ₹710,210 crore during 2022-23, from ₹656,626 crore during the previous year. Maharashtra saw its debt increase to ₹680,357 crore during 2022-23 from ₹596,689 crore during the previous fiscal.

NEW DELHI : The International Monetary Fund (IMF) on Tuesday revised India’s GDP growth forecast to 6.1% for 2023, up from 5.9% projected by the financial institution earlier this year as a result of stronger domestic investment. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment," IMF said in a report.

Asian Paints Ltd, India’s largest paints maker, reported a mixed set of first quarter numbers on Tuesday, with profit beating estimates even as revenue came below expectations. The company posted a 52.5% increase in consolidated net profit at ₹1,550.4 crore for the quarter from ₹1,016.9 crore a year ago. Consolidated revenue from operations rose 6.7% year-on-year to ₹9,182.31 crore from ₹8,606.94 crore.

New Delhi: The Union agriculture ministry is in talks with the food processing industries ministry to take over a scheme aimed for the integrated development of the tomato, onion and potato (TOP) value chain, a government official aware of the matter said. The TOP scheme is part of Operation Greens, announced for 22 crops in the FY19 Union Budget. If finalized, the agriculture ministry will be able to support growers by purchasing these three perishable crops when their prices crash.

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Yes Bank's former MD and CEO Rana Kapoor, asking him to pay Rs 2.22 crore in a case of mis-selling the private sector lender's AT1 bonds and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case. The demand notice came after Kapoor failed to pay the fine imposed on him by the Securities and Exchange Board of India (Sebi) in September 2022.