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Adani Power Ltd reported a 12% year-on-year decline in consolidated net profit to Rs 2,906 crore for the September quarter, weighed down by higher expenses. The company had posted a profit of Rs 3,297.52 crore in the corresponding quarter of the previous financial year, it said in a regulatory filing on Thursday.Total income rose slightly…
The shine faded from gold on Thursday after the US Federal Reserve cooled expectations of additional rate cuts in 2025. After recently breaching Rs 1.21 lakh, prices have softened over the past few sessions. On Thursday, MCX December gold futures slipped Rs 1,671 to open at Rs 1,18,995 per 10 grams. With the Fed’s guarded…
Facebook-parent Meta in its third-quarter earnings call revealed a sharp rise in the opening on artificial intelligence, with employee compensation emerging as one of the biggest cost driver for the company, as per chief financial officer Susan Li. This revelation from the company comes at a time when investor concerns are growing over Meta’s ballooning…
The rising cost of hair and makeup in Bollywood has become a growing concern, with many producers worried about how it’s affecting film budgets. According to reports, while a film’s writer may earn around ₹10–12 lakh, the hair and makeup expenses alone can go as high as ₹5–10 crore. The surge is largely due to…
Cricket icon Virat Kohli has smoothly extended his winning streak beyond the pitch into the world of hospitality with his restaurant chain, One8 Commune. Among its many outlets across India, the Juhu branch in Mumbai stands out as a rare blend of glamour, nostalgia, and comfort. Set within the former bungalow of legendary singer Kishore…
US inflation hits 3% (AP) US inflation remained elevated in September, fueled by a surge in gas prices, even as rent growth slowed, reflecting a mixed picture for consumers in an economy with steady growth but sluggish hiring.According to the labor department report, cited by AP, consumer prices rose 3% from a year earlier—the highest…
The United Kingdom has announced fresh hikes for in-country expedited immigration services, effective October 21, Tuesday, continuing a trend of significant hikes over the past two years.Expedited processing of sponsorship management requests for worker, temporary worker, or student sponsors now costs GBP 350, up 75% from GBP 200. Meanwhile, priority service for sponsor licence applications…
The global economy is slowing down and trade dynamics are undergoing a change.At a time like this, India needs to evaluate its export strategies, with focus on long-term competitiveness through technology, cost efficiency, and domestic production, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) explainedSpeaking to ANI, Srivastava said, “The focus should be…
In recent years, the United States has been a beacon for ambitious Indian students seeking world-class education, especially in science, technology, engineering, and mathematics (STEM) fields. According to In Genius Prep, India overtook China as the largest source of international students in the US during the 2023-24 academic year, with a record 331,833 enrolments —…
Spirit Airlines announced on Thursday its decision to furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026, as part of a broader workforce reduction strategy amid ongoing restructuring efforts.The ultra-low-cost carrier, which filed for bankruptcy for the second time in a year this past August, informed…
