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Deliveroo said it had achieved the twin milestones of positive net profit and free cash flow in the first half as demand from customers stabilised, sending its shares up 9% on Thursday. Chief Executive Will Shu, who co-founded the business in 2013, said the performance overall was «really strong». «We are improving profitability whilst we're still growing,» he said. «Orders returned to year-on-year growth and GTV (gross transaction value) momentum is good.»

JD Vance soon be a liability for Republican candidate Donald Trump in the US Presidential Election 2024? If media reports are to be believed, his ratings in the opinion polls are plummeting. In an article published in the 'Washington Post', it was said that his selection as a running mate was not encouraging as he was a historically unpopular running mate. He is not a popular voter-friendly candidate is evident by he fact that in the 2022 Ohio Senate campaign all other Republican candidates for statewide office performed better in their races. As if it was not enough, his popularity has been waning since Donald Trump selected him as his running mate.

Kerala High Court on Thursday registered a case on its own over the massive landslides that ravaged the Mundakkai and Chooralmala areas of Wayanad on July 30, which has claimed the lives of at least 226 persons and displaced thousands of people. A bench of justices A K Jayasankaran Nambiar and V M Syam Kumar directed the court's registrar general to register a case based on media reports.

Pharma India on Thursday said its net loss stood at Rs 12 crore for the first quarter ended June 30, 2024. The drug maker had reported a net profit of Rs 54 crore in the April-June quarter of last fiscal. Total income stood at Rs 396 crore for the June quarter against Rs 303 crore in the year-ago period, AstraZeneca Pharma India said in a regulatory filing.

Piper Sandler chief global economist Nancy Lazar discusses whether the U.S. economy is as strong as earnings suggest on 'Making Money.'

Pune city has recorded 73 confirmed cases of Zika virus infections since June, according to civic officials on Thursday. The Zika virus, a mosquito-borne disease, spreads rapidly during the monsoon season when mosquitoes breed in stagnant water. The first case in Pune was reported on June 20, and out of the infected individuals, four have died. While these four patients had pre-existing conditions or age-related issues, the virus significantly impairs the immunity of those affected. Of the 73 infected, 26 are pregnant women, which exposes them to the risk of microcephaly, a birth defect where a child's head is smaller than usual for their age. Zika infections during pregnancy can also lead to stillbirth, pre-term birth, or fetal loss. Long-term effects of the virus on adults are still under investigation.

Canada just went through one of the most punishing bouts ofinterest rate hikes in history, and when you think about it, it’s quite remarkable we haven’t fallen into recession — at least not yet, anyway.

India Inc is transforming its approach to rewarding employees as Gen Z enters the workforce, moving from traditional certificates to digital rewards like badges, notes, and points for instant gratification, ToI reported on August 8. Companies such as Epsilon India, Roche Information Solutions India, Merck India, Thryve Digital, and Allstate India are leading this change, integrating innovative methods to engage and motivate younger employees. A standout initiative is Epsilon India’s ‘passport’ called ‘Citizen of Youniverse’. «People, especially the younger lot, like to post everything on Instagram. The ‘passport’ will get stamped every time an employee takes part in any office gathering or event,» said Sonali De Sarker, the company’s HR head. Roche Information Solutions India has launched an internal marketplace called Applause, said the report (by Veena Mani). «Points can be redeemed to buy anything. It could be a pair of headphones or tickets,» explained Raja Jamalamadaka, the company’s MD.

The Bank of Canada’s governing council has shifted its focus to downside risks to inflation and is concerned about the impact mortgage renewals and population growth uncertainty may have on the economy, according to deliberations from its most recent interest rate decision, released on Wednesday.

Tapping home equity through a line of credit can make sense for many reasons, but following a report that HELOC balances are increasing, new research reveals some risky uses by some borrowers.

Empower is celebrating strong growth for its business, driven by increased assets under administration for its Personal Wealth and Workplace Solutions units.

Eicher Motors on Thursday reported a consolidated net profit of Rs 1,101.46 crore for the quarter ended June 30, 2024, which was up by 20% over Rs 918.34 crore reported by the company in the year-ago period. It was above the ET Now poll of Rs 1,031 crore.

Warner Bros Discovery said on Wednesday it wrote down the value of its TV assets due to the uncertainty of fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading. The film and entertainment studio, which owns sports network TNT and streaming service Max, recorded a $9.1 billion non-cash goodwill charge in the second quarter. This charge, stemming from a reassessment of the assets' value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter. The media landscape has significantly changed in the past two years, impacting valuations and expectations for traditional media companies and this current situation is reflected in the write down, CEO David Zaslav said in a call with analysts.

Cochin Shipyard on Thursday reported a 76.6% year-on-year (YoY) growth in its consolidated net profit to Rs 174.23 crore for the June 2024 quarter of FY25. It had clocked Rs 98.65 crore profit in the year-ago period. The company's revenue from operations increased 62% to Rs 771.47 crore against Rs 475.86 crore in the corresponding period of the preceding fiscal.

Reserve Bank of India (RBI) on Thursday shortened the frequency of reporting credit information of borrowers to credit information companies (CIC) to 15 days. Earlier lenders were required to report this information at monthly intervals. The regulator said this move will provide a more up-to-date picture of a borrower’s indebtedness. The regulator is expected to issue necessary instructions soon. «It has been decided to increase the frequency of reporting of credit information to CICs from monthly intervals to fortnightly basis or at such shorter intervals as mutually agreed between the credit institutions and CIC,» the RBI said in a statement. «The fortnightly reporting frequency would ensure that credit information reports provided by CICs reflect more recent information.» RBI said this move will be beneficial to both borrowers and lenders.

In its half-year results today (8 August), the trust explained SDR restricts the use of certain sustainable terms in products accessible to retail investors, effective from December 2024. IHR added: «The word ‘Impact' is specifically proscribed unless the primary aim of the business is social impact, as measured by a high threshold of reporting requirements. „To avoid confusion and to comply with these new requirements, the company will change its name in the coming months and will provide further details in due course.“ 'Not easy but doable': The implications of adopting an SDR la...

Waqf Act, aiming to enhance accountability and transparency in the functioning of Waqf boards and ensure mandatory inclusion of women. This initiative responds to demands from within the Muslim community and includes around 40 amendments. The Bill mandates mandatory verification for property claims by Waqf Boards and revises sections of the Act to change the composition and functioning of the Boards, incorporating women’s representation. Key amendments include mandatory verification of property claims and revisions to the composition and functioning of Waqf Boards to ensure better governance. ALSO READ: Waqf through the ages: How Rs 1-lakh crore property owner board acquires land and what the govt aims to change

NEW DELHI : India’s retail inflation is expected to have dipped below the Reserve Bank of India’s medium-term target of 4.0% in July, marking the first time since September 2019. The Consumer Price Index (CPI) inflation is expected to drop to 3.6% in July from 5.1% in June, primarily due to the statistical effect of a high base last year, according to a median estimate of 21 economists polled by Mint. "With the year-on-year inflation pulled lower by base effects, it will be more constructive to look at momentum in prices to understand the extent of inflationary pressures," said Barclays in a report earlier this week.

Digital asset service provider BitGo has become the latest crypto player to receive the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS).

political turmoil in Bangladesh not only toppled the government but also claimed many casualties. Among those who lost their lives in the uprising, was actor Shanto Khan. The actor and his father Selim Khan perished from mob violence on Monday. Khan Sr was the chairman of Laxmipur Model Union Parishad and a film producer. Local media reports indicate that Shanto and his father were trying to escape when they encountered a hostile crowd at Forkkabad Bazaar in Balia Union Parishad. According to a Dhaka Tribune article, they fired shots from a pistol in self-defense but were subsequently attacked and beaten to death by another mob near Bagara Bazaar.

recruitment is set to surge with an estimated 8.5 per cent increase in job roles within the industry by next year. The demand for skilled IT talent is growing after a slow period late last year and early this year. Hiring is set to surge, with an estimated 8.5 per cent increase in job roles within the industry by next year, according to a report by Indeed, a global job matching and hiring platform and a subsidiary of Recruit Holdings. This data from Indeed has been compiled from Indeed Hiring Tracker and Indeedas platform data. Indeed Hiring Tracker is a quarterly report that explores the employment landscape and job market.