Business

Indias Retail Inflation Hits 10-Month Low At 4.85% In March

New Delhi: India’s retail inflation reached a 10-month low this month dropping to 4.85 percent in March 2024 from 5.09 percent in the previous month. This suggests a decrease in inflationary pressures across different sectors of the economy. New data from the National Statistical Office (NSO), part of the Ministry of Statistics and Programme Implementation […]

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Citi profit beats estimates, takes $483 million charge tied to severance costs – Times of India

Citigroup‘s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge tied to CEO Jane Fraser’s sweeping reorganization. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per share,

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Bank of England: ‘Serious deficiencies’ in economy forecasts, review finds

Dr Bernanke’s review recommends the Bank must thoroughly update its whole framework for forecasting the economy, overhauling or scrapping its existing software, known as Compass (Central Organising Model for Projection Analysis and Scenario Simulation). Credit 1: https://www.bbc.co.uk/news/business-68797651 The Mention Sources Can Contact is to remove/Changing this articles

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JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects

Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $4.11 a share, according to

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Baltimore bridge collapse could wipe out emergency federal highway fund

Maryland and Baltimore may jump ahead of states that have waited more than a decade for emergency highway funding, as the federal government swoops in with aid after the collapse of the Francis Scott Key Bridge. The Federal Highway Administration’s emergency relief fund, which reimburses states for expenses to repair or reconstruct roadways after disasters,

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Tesla to Partner With Reliance For Setting Up Manufacturing of JV in India: Reports – News18

Last Updated: April 11, 2024, 00:05 IST Elon Musk on Wednesday confirmed that he would be visiting India later this month and meeting Prime Minister Narendra Modi. (File Photo) Sources said said that Tesla is in talks with Reliance Industries Limited (RIL) for a potential joint venture to set up a manufacturing facility in the

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EPFO Introduces Automatic Transfer Of EPF Accounts: Check Who Can Avail This Facility And Other Requirements

It’s essential to note that this facility is available only to EPF members whose EPF accounts, both old and new, are maintained by the EPFO. Credit 1: https://zeenews.india.com/personal-finance/epfo-introduces-automatic-transfer-of-epf-accounts-check-who-can-avail-this-facility-and-other-requirements-2739449.html The Mention Sources Can Contact is to remove/Changing this articles

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Pakistan’s economic outlook uncertain with high risks on the downside: ADB – SUCH TV

In its annual Asian Development Outlook Report 2024, the Asian Development Bank (ADB) Thursday termed political unrest, devastating floods, and policy slippage as major hurdles in Pakistan’s economic progress, citing uncertainty as a risk towards the country’s efforts for stabilisation, recovery and reforms. “The economy contracted as devastating floods, political unrest, and policy slippage curbed

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