COST Financial News

20.07 / 11:03

COST Chhattisgarh government announces salary, DA hike for govt employees ahead of polls

Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday announced a hike of 4 per cent in the Dearness Allowance (DA) for about 5 lakh government employees, a move that comes ahead of the Assembly polls due this year-end.

20.07 / 10:51

COST FIVE CEO Action Software Bottomline guidance Infosys Q1 Results: PAT rises 11% YoY to Rs 5,945 cr; firm sharply trims FY24 revenue growth guidance

Infosys on Thursday reported nearly 11% year-on-year (YoY) growth in consolidated net profit for the June quarter to Rs 5,945 crore. The bottomline was lower than the ET Now poll of Rs 6,150 crore. Consolidated revenue for the quarter increased by 10% YoY to Rs 37,933 crore.

20.07 / 10:27

COST IPO Bottomline performer Utkarsh Small Finance Bank revises listing date to Friday. Here's what GMP signals

Utkarsh Small Finance Bank has moved its listing date to two days prior than initially planned. The company's shares will now debut on the exchanges on Friday, July 21. According to market sources, the company's shares are commanding a premium of Rs 15 in the unlisted market, which indicates a robust listing gain of around 60%.

20.07 / 10:07

COST Aware Google Costs Fresh layoffs begin as beleaguered Dunzo looks to prune costs

layoffs impacting executives across divisions, people in the know told ET. The Reliance Retail-backed startup has been in the news over salary delays and for seeking fresh funding. The new round of job cuts was expected as it plans to cut costs significantly.

20.07 / 10:07

COST FIVE Manufacturing Adani to continue using ACC, Ambuja brands; 'no plans to merge' cement units

Adani Group will continue to use its ACC and Ambuja cement brands to sell cement products and has no plans to merge the two entities, Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. The group became India's second-largest cement producer in 2022, behind UltraTech Cement, with its $10.5 billion acquisition of both Ambuja Cements and ACC from Switzerland's Holcim. Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies.

20.07 / 09:29

COST Remark small-cap week Small-cap FMCG stock below ₹20 climbs to 52-week high after Q1FY24 results. Share rises 25% in three days

Small-cap stock below ₹20: Shares of Mishtann Foods have been in uptrend after announcement of Q results 2023. The FMCG company declared its first quarter results for the financial year 2023-24 on Tuesday when the market was about to close. However, in last three days, Mishtann Foods share price has ascended from ₹11.31 per share levels to ₹14.79 apiece levels, logging more than 25 per cent rise in this time.

20.07 / 09:29

COST UPS Waves Target Boeing Browser UK inflation falls to 7.9% – what it means for interest rates, mortgages, and the economy

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20.07 / 09:29

COST UPS Provident Lowe's Strategy Browser performer 3 share ideas that could ride out inflation

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20.07 / 09:25

COST Career Racing show performer Andrews’ popularity plunges after Games decision: poll

Support for the Victorian government and Premier Daniel Andrews has plunged after the cancellation of Commonwealth Games, a new poll shows, as the state opposition demands the resignation of deputy premier Jacinta Allan, who was in charge of the event.

20.07 / 09:21

COST UPS dividend Up 140% in 1 year! Multibagger smallcap stock declares dividend of Rs 3 per share

DB Corp has approved an interim dividend of Rs 3 per share for the current financial year. The record date for the said dividend is fixed as August 1. «The Board has recommended a dividend of Rs 3 per equity share of the face value of Rs 10 each (i.e.

20.07 / 09:21

COST UPS Booking Enterprise NBFCs growth to be stronger due to unsecured loans, says ICRA

Rating agency ICRA has revised its growth forecast for non banking finance companies (NBFCs) to 18% to 20% from 12% to 14% earlier due to likely strong demand for unsecured retail loans. However, higher cost of funds will keep margins under pressure for these lenders, the rating agency said. ICRA said that NBFC growth will come from the unsecured loans segment, consisting of personal & consumption loans, unsecured small enterprise loans and microfinance loans.

20.07 / 08:47

COST UPS Manufacturing Racing Strategy Australia cannot afford to ignore offshore subsidies

The Productivity Commission has been chided as “naive” over its criticism of government subsidies for batteries and other clean energy products, with proponents of the support saying Australia has little choice even in areas where it has comparative advantages.

20.07 / 08:11

COST UPS FIVE Booking Manufacturing performer country Indian Top 5 Indian Stocks with Consistently Rising Operating Margins

operating margins. Operating margin measures the percentage of revenue a company keeps as operating profit. It indicates the profitability of a business and facilitates competition among competing businesses or different industries.

20.07 / 08:11

COST UPS Discover track country jio financial Financial RIL-Jio Financial demerger could give tough competition to existing NBFC players like Bajaj Finance, say experts

Reliance Industries (RIL) will create a non-banking financial behemoth with a size of approximately ₹1.5 lakh crore which could pose a tough challenge to existing non-banking financial companies (NBFCs), according to experts. The financial arm of Reliance Industries was demerged from its parent company Reliance Industries today. The demerged entity RSIL (Reliance Strategic Investments Limited), would be renamed JFSL (Jio Financial Services Limited) and it will be listed separately on NSE and BSE in the next few months.

20.07 / 08:11

COST Provident PayPal JPMorgan Chase country Reserve Time US Federal Reserve looks to match India with launch of new real-time payments service FedNow

Federal Reserve is to launch a new payment service that could allow Americans to send and receive money in seconds. The new service, called 'FedNow', will initially launch with 41 banks and 15 service providers, including community banks and large lenders such as JPMorgan Chase, Bank of New York Mellon and US Bancorp, with plans to add more banks and credit unions later this year. The Federal Reserve has been working on the service since 2019, but it was initially opposed by the big banks, who argued it was redundant, but later agreed to participate as they believe FedNow will expand the services they can offer their customers.

20.07 / 07:33

COST Cooper Action Mobile country financing energy transition Low G20 members agree to work on low-cost financing for energy transition

The members also agreed on a voluntary action plan for lowering the cost of finance for energy transition, sources close to the development told ET. A report, under India's presidency, on low-cost financing for energy transition which estimates global annual investment of over $ 4 trillion on such developments, was noted by the group. The unanimous agreements were a result of the major deliberations on the first day of the group’s two-day meeting beginning July 19.

20.07 / 07:33

COST UPS Provident Puzzle Inside Quordle #542: Clues, solutions to the wordy puzzle for July 20

puzzle but a little tricky one.

20.07 / 07:19

COST UPS Citigroup guidance Centre Flight Centre upgrades guidance as corporate earnings outpace leisure

Flight Centre exceeded its profit guidance, thanks to corporate travel earnings at a record level, even though the market for business travellers is still in recovery mode.

20.07 / 07:19

COST UPS Provident Macquarie stake Macquarie pulls pin on pursuit of big stake in EnergyAustralia

Macquarie has ended discussions with Hong Kong’s CLP Group over the possible purchase of a 50 per cent stake in EnergyAustralia, the country’s third-largest electricity and gas supplier, sources said.

20.07 / 06:31

COST UPS Aware Google CEO Dunzo to undertake further layoffs as cash flow crisis deepens

Dunzo is set to undertake another round of layoffs amid a fund crunch, cofounder and CTO Mukund Jha told employees in an all-hands meeting on Wednesday evening. Thelayoffs are part of the firm’s decision to reduce costs by 30-40%, as ET had reported on Wednesday. Chief executive Kabeer Biswas was in Mumbai on Wednesdaymeeting existing investors to secure fresh funds.

20.07 / 06:31

COST Citi Provident Platform Pune’s Goel Ganga developer ventures into rental segment

Goel Ganga Developments has ventured into the rental segment to offer last-mile support to people looking out for a place to rent in Pune. The new venture called Goel Ganga Rent Easy is a full-stack platform, which also has separate verticals for buying and selling properties. The rental market is considered as growing segment in Indian real estate as in most of the major cities in India, close to 35% of the inhabitants prefer to rent out a space.

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