COST Financial News

The October-December period is usually the best for Indian airlines as the festive followed by the wedding season and year-end travels drive up demand for air transport.

Small Tea Growers Association (NECSTGA) has expressed concern that import of teas from Nepal, Kenya and other African Countries vis-a-vis Tea Board’s directive on early closure of tea production in North India.

If you incur various expenses for which you aren’t reimbursed by your employer, including expenses for a home office, you may be able to claim a deduction on your return for them. But what if your expenses are so large that they exceed your employment income? Are they still deductible against other income? Or can they be carried forward, and used in a future year?

Subscribe to enjoy similar stories. Someone recently asked me to edit her dating profile. I told her I was the last person on earth she should be asking because I have never been an online dater and would probably be terrible at it.

Huntington Bancshares CEO Stephen Steinour unpacks company growth on The Claman Countdown.

Subscribe to enjoy similar stories. Mukul Agrawal, founder of Param Capital Group, is a prominent name in Indian stock markets. With over two decades of bold investing, he’s renowned for spotting multibagger opportunities and shaping market strategies, earning the trust of seasoned investors.

Subscribe to enjoy similar stories. UltraTech Cement Ltd impressed the Street with stellar volume growth and robust operating performance driven by cost efficiencies in the December quarter (Q3FY25). Domestic sales volume grew around 11% year-on-year to 28.81 million tonnes, beating the industry’s estimated mid-single-digit volume growth during the quarter.

third quarter earnings season is underway and about 81 companies will announce their results on Friday. Key results to watch out for include IndiGo, JSW Steel, DLF, Godrej Consumer and AU SFB. Apart from the above, companies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and a few others will also declare their quarter results.

Subscribe to enjoy similar stories. Dutch pension fund APG, Japan’s Marubeni Corp., Canada Pension Plan Investment Board (CPPIB) and the UAE's Mubadala Investment Co. are among investors who have expressed interest in Macquarie Asset Management’s Indian fleet electrification platform Vertelo, two people aware of the development said.

India Budget: Grappling with increased cost of capital and scarcity of funding, fintech companies have approached the finance ministry seeking a dedicated fintech fund to the tune of ₹1,000 crore, two people present in the meeting told ET.

By Erin Weir

The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row

Union Pacific reported 7% more fourth quarter profit as it managed to deliver more shipments with fewer employees and continued to make the railroad more efficient

Subscribe to enjoy similar stories. Recently, a Chinese artificial intelligence (AI) company unveiled a language model brimming with innovations that make it 15-20 times cheaper than some of the best models globally, while offering comparable capabilities. Within days, another Chinese firm announced a model capable of handling inputs 20-32 times larger than any current global counterpart—equivalent to processing a 16,000-page pdf file.

geo-economic fragmentation can decrease global GDP by up to USD 5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the COVID-19 pandemic, a new study showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario, it cautioned.

Tata Consultancy Services (TCS) and Infosys stand poised to benefit from the weakening rupee, while Bharti Airtel and ANI Technologies, Ola's parent firm, face challenges as their dollar-denominated debts rise in cost. A Moody’s report highlighted the divergent fortunes of Indian corporates amid the rupee’s sustained decline. As the rupee continues its downward slide, losing over 20% against the U.S. dollar since 2020, TCS and Infosys, both rated “Baa1 stable" by the ratings agency Moody’s, are well-positioned to capitalize on the currency depreciation. Their revenues are largely denominated in dollars, while costs are incurred in multiple currencies, including the rupee, giving them a natural advantage as the rupee weakens, Moody’s said.

UltraTech Cement posted a lower-than-expected drop in profit for the December quarter, with the consolidated bottomline of Rs 1,470 crore down 17% on year, as against an expected drop of 20-30%. The country’s largest producer of cement announced earnings during market hours, and its shares surged to end nearly 7% higher at Rs 11,420.90 rupees on the NSE. While shares of Kesoram Industries ended 6.5% higher at 218.63 rupees, those of India Cements, a subsidiary of the company, ended in the red.

Subscribe to enjoy similar stories. A weaker yen is typically good for Japanese exporters but could push inflation higher because the country imports much of its energy and food. The Bank of Japankicked off a global market selloff last time it raised interest rates.

Maruti Suzuki Thursday said it will increase prices across its range of vehicles by up to Rs 32,500 with effect from Feb 1, 2025.

Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year