COST Financial News

Dunzo has formally informed its staff about fresh layoffs, which will impact around 150-200 employees, people aware of the matter said. This is the third round of layoffs at the Reliance Retail-backed firm, which is grappling with cash flow issues.

You have to pay higher interest rate on used-car loans You can get a loan for a second-hand car from banks, NBFCs or even fintech platforms. The first thing that you need to check is the interest rate of the loan. The interest rate on loans for used cars is usually higher than that on loans for new cars.

When the locker is opened, banks typically provide each rental locker with one key while keeping one key with the bank on record. When you have to operate the account, a bank employee comes to the locker with his or her key, and you have to open with your key. Note that both parties (bank employee and locker holder) need to be present while opening the locker.

Mission: Impossible - Dead Reckoning Part One has been making waves at the box office. The Tom Cruise starrer has raked in a commendable ₹82.38 crore in India so far, with a recent collection of ₹3.8 crore on July 20, as per reports from Sacnilk.com. Christopher McQuarrie's directorial venture had an impressive opening, earning ₹12.5 crore nett on its release day and a substantial ₹73.3 crore nett within the first week.

₹1,964 crore from ₹3,092 crore in the corresponding quarter of last year, impacted due to lower metal prices.  The company’s revenue in Q1FY24 declined 22.4% to ₹7,282 crore from ₹9,387 crore, on an year-on-year (YoY) basis. Topline fell on account of lower zinc and lead LME, lower lead volumes and differential strategic hedging impact.

TVS iQube electric scooter. The company shared a post on microblogging site Twitter, announcing the same. It said “The versatile Ola S1 Air.

JSW Steel Ltd on Friday reported an 179% year-on-year rise in its consolidated net profit (attributable to owners of the company) for the fiscal's first quarter ended June (Q1FY24) to ₹2,338 crore. The company had reported a profit of ₹838 crore in the year-ago period. Sequentially, consolidated net profit was down 36% from ₹3,664 crore in Q4FY23.

share price of RIL ex-JFSL was valued at ₹2,580 per share while Jio Financial Services at ₹261.85 per share.  In line with RIL's exchange filing on the subject of the cost of equity shares post the demerger, the cost must be apportioned as 95.32% towards Reliance Industries Limited and the residual as cost to acquire holdings in RSIL.  “For instance, if RIL shares were acquired on some day before the demerger at an effective rate of ₹2,800, ₹2,669 (95.32% of ₹2,800) must be considered as the cost of acquiring shares of RIL. The residual ₹131 ( ₹2,800 - ₹2,669) must be considered as the cost of acquiring shares of RSIL for the purpose of computing capital gains," said Abhishek Soni CEO and Co-founder Tax2win Tax and investments expert Balwant Jain said shares are considered capital assets under income tax law, and any gain on their sale is treated as capital gains.

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(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase (NYSE:JPM) in paragraph 5)

₹5,784.5 million for the June ended quarter (Q1FY24), up 18% year-on-year. Net profit during the period stood at ₹1,354.5 million, a 24% increase on year. The active pharmaceutical ingredients (API) manufacturing arm of Glenmark Pharmaceuticals (GPL) saw a 14.1% YoY rise in cost of raw materials to ₹2,982.13 million in the current fiscal year.

Also read: This Australian state has refused to host Commonwealth Games, ‘not a difficult decision’, says Premier; here's why The rescue plan put forth by Mayor Tate has garnered "full support" from Athletics Australia, the country's governing body for sports. They firmly believe that Gold Coast is uniquely positioned to step forward and deliver a Games of exceptional quality, as demonstrated in the successful 2018 event that left a lasting impact on Australian sport.  "We firmly believe the city is in a unique position to step forward," the BBC quoted Athletics Australia as stating.

NEW DELHI: India’s largest lender State Bank of India (SBI) is expected to spring a surprise in the June quarter earnings mainly on account of non-interest income, says Santanu Chakrabarti, BFSI analyst at BNP Paribas India. “The corresponding quarter’s number was depressed by MTM losses as well as relatively lower disbursement velocity (fee driver) vis-à-vis the current one.

By Leika Kihara and Takahiko Wada

It is important for investors to understand that we are in uncharted territory with respect to this monetary policy tightening cycle, which is unlike any other that we have seen.

Snowy Hydro’s review of its troubled Snowy 2.0 pumped hydro storage project is close to being completed as the federal government recalculates costs, which are expected to rise well above the previous forecast of $5.9 billion to around $10 billion.

By Kate Abnett

Small-cap stocks are often overlooked by mainstream investors due to their relatively lower market capitalisation and lower visibility. However, these companies can hold tremendous growth potential, especially when backed by solid financial foundations. Smallcap companies that boast substantial cash reserves are particularly intriguing as they possess the financial muscle to weather market uncertainties, pursue growth opportunities, and maximize shareholder value.

Bhopal to Singrauli via the Dakshin Express with a train change in the middle. As he and his family waited on the platform for the next train, the man decided to hop on to a Vande Bharat train for a toilet break and it proved to be quite the expensive adventure for the poor man. The family, hailing from Singrauli, Madhya Pradesh, had arrived in Bhopal from Hyderabad aboard the Dakshin Express at approximately 5:30 pm.

Call recording and voice intelligence software company Dubber Corp is seeking to raise $10.25 million in a deal at 14¢ a share.

Queensland mango growers say they will be priced out of the lucrative Japanese market by revised export regulations, claiming extra red tape will be a “wrecking ball” for the multi-million dollar sector.