• Tue, January 28, 2025

by: Oneindia

Digital Economy Focus: How Will Budget 2025 Shape India's Tech and Startup Ecosystem?

India's startup ecosystem, brimming with innovation, faces both incredible growth and formidable challenges. While over 140,000 ventures thrive across sectors like robotics, healthcare, and clean energy,

by: MyJoyOnline

Dr. Sharif Khalid appointed Presidential Adviser at the Office of the Vice-President

The newly appointed Economic Policy Adviser to the Office of the Vice-President, Dr. Sharif Mahmud Khalid, has expressed his gratitude to President John Dramani Mahama and Prof. Jane Naana Opoku-Agyemang, for the opportunity to serve in the administration.

by: techUK

Institutions of Innovation: British Business Bank

'Institutions of Innovation' is a series of monthly interviews with the institutions driving the UK's innovation policy. Each contribution gradually pieces together the UK's innovation landscape; setting out the key actors, what they do, where they sit and how industry can engage, including through techUK.

by: AOL

Finance expert Clark Howard says these are the people most likely burn a hole in their pocket

The cliche, "Be Careful What You Wish For" very likely came about as a result of people recounting their feast and famine stories, i.e. getting it all and then losing it. Time and time again, regardless of race,

by: ProPakistani

Finance Minister Hints at Easing Tax Burden on Salaried Class

Finance Minister Muhammad Aurangzeb Tuesday admitted the disproportionately high burden on Pakistan's salaried class and hinted at a revision of the

by: CNBC

Fairway Independent Mortgage review 2025

Fairway Independent Mortgage ranked well above average on J.D. Power's 2024 Mortgage Origination Satisfaction Study and has an A+ rating from the Better Business Bureau. It has more than 700 branches nationwide, spread across every state except Alaska and West Virginia.

by: Variety

Confluential Appoints Shaun Williams as Chief Financial Officer and Gerren Crochet as Executive Vice President (EXCLUSIVE)

Confluential Films has appointed Shaun Williams as chief financial officer and Gerren Crochet as executive vice president.

by: LAist

Insurance and wildfires

by: Forbes

3 Strategies Preparing The Next Generation For The Future Of Work

An entrepreneurial mindset is valuable in this evolving landscape because it fosters creativity and a proactive approach to problem-solving.

by: Emirates247

UAE Ministry of Finance and CIPS partner to launch groundbreaking Diploma in Procurement and Supply

The Chartered Institute of Procurement and Supply (CIPS) has signed a Memorandum of Understanding (MoU) with The Ministry of Finance to launch the CIPS Practitioner Level Diploma in Procurement and Supply 2025,

by: Reuters

Mediobanca rejects Monte dei Paschi bid as lacking rationale

Italian bank Mediobanca on Tuesday rejected a takeover offer by state-backed rival Monte dei Paschi di Siena , saying a tie-up would be detrimental to its shareholders because it lacked any strategic and financial rationale.

by: MSN

Analysis-HSBC's global brand in the balance as it doubles down on Asia bet

HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders and senior Chinese officials that he spoke for all UK businesses present in hoping for stronger economic ties.

by: MSN

Don't Enter Currencies Manually in Excel: Change the Number Format Instead

Why Typing Currencies Manually Could Cause Problems . When I thought about the reasons why typing currencies manually should be avoided, the list ended up being much longer than I

by: Reuters

Insurer Chubb's profit rises on strong underwriting business, investment income

Insurance company Chubb posted a rise in fourth-quarter profit on Tuesday, helped by strong gains in its underwriting business and higher returns on its investments.

by: Forbes

Art Industry Trends And Expectations For 2025

After participating in most relevant art conferences and industry discussions last year, such as Art and Business, Art and Tech and Art and Finance—organized by the biggest players in the art industry like Delloite, ArtNova and Christie's—and as someone who built a digital art marketplace, I want to share what 2025 brings to the art industry.

by: Forbes

Balancing Control And Flexibility: Getting Data Governance Right

How can organizations ensure robust data governance and security while providing various departments with self-service data access?

by: MSN

The Stargate Project: An Investor's Take

In this podcast, Motley Fool analyst Asit Sharma and host Mary Long discuss: The new venture to build out American AI infrastructure. How 20 data centers get a $500 billion price tag. GE Aerospace's razor-and-blades business model.

by: Reuters

Elon Musk clashes with Norway wealth fund CEO; 'friends are as friends do'

Tesla CEO Elon Musk has clashed with Nicolai Tangen, CEO of Norway's sovereign wealth fund, one of the automaker's top investors, according to a record of the conversation released on Tuesday.

by: MSN

Dynex Capital, Inc. (NYSE:DX) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript January 27, 2025 Dynex Capital, Inc. misses on earnings expectations. Reported EPS is $0.1 EPS, expectations were $0.38. Operator: Thank you for standing by, and welcome to The Dynex Capital Fourth Quarter and Full Year 2024 Results Conference Call.

by: Reuters

US businesses boosted equipment spending heading into 2025

New orders for key U.S.-manufactured capital goods increased more than expected in December, but business spending on equipment was likely muted in the fourth quarter after a strike at Boeing disrupted aircraft deliveries.

by: Reuters

What to know about the UK's Heathrow Airport runway expansion plan

British finance minister Rachel Reeves is expected to back the expansion of Heathrow Airport on Wednesday, turning to the country's most controversial infrastructure project in her hunt for economic growth.

by: MSN

The Corporate DEI Divide: From Target To Disney, Here Are The Companies Scaling Back And The Ones Doubling Down

Diversity, equity, and inclusion (DEI) is like the studio album, "The Miseducation of Lauryn Hill" — critically acclaimed by some, misunderstood by others, and a constant source of debate. Whether celebrated or criticized,

by: MSN

Lack of megadeals drags down M&A volume in Emerging Europe

By Clare Nuttall in Glasgow Emerging Europe's mergers and acquisitions (M&A) market reached its highest level of activity since 2018 in terms of the number of deals last year, reflecting the resilience of the market,

by: Reuters

US grid investments take off as power demand hikes

Utilities, power grids and private companies are investing in transmission to meet soaring demand from AI and clean power plants.

by: Reuters

India's SBI Card misses Q3 profit expectations on higher write-offs

India's SBI Cards and Payment Services reported third-quarter profit below expectations on Tuesday, weighed down by higher write-offs.

by: MSN

GM Q4 results top estimates as EV business turns the corner, as Trump regulatory and tariff threats remain

General Motors (GM) continued its strong run of quarterly performance last year on Tuesday, with full-year profit that came in at the high end of its range and upbeat forward guidance. But challenges still remain for the US automaker in 2025,

by: MSN

Student loans for millions of federal borrowers won't be halted under Trump's funding freeze, the Education Department says

The Education Department said that student-loan borrowers will continue to receive aid under President Trump's temporary freeze on grants and loans.

by: MSN

The Best $25 and $50 You Should Spend To Learn Money-Making Skills

Contrary to popular opinion, it doesn't take a fortune to learn money-making skills. What it does take? Savvy use of $25 or $50. For You: 3 Things You Must Do When Your Savings Reach $50,000

by: MSN

Millennial worker rips into CEO over 'inappropriate' job interview question: 'Shocked'

An Aussie jobseeker has hit out against an employer after she was hit with an "inappropriate" question. Sasha applied for a role at a small business recently, and she was asked to fill out a questionnaire that touched on basic aspects of her life.

by: MSN

GM Q4 earnings beat estimates as EV business turns the corner, company boosts 2025 profit guidance

General Motors (GM) continued its strong run of quarterly performance last year, with full-year profit that came in at the high end of its range and upbeat forward guidance. But challenges remain for the US automaker in 2025,

by: MSN

Liang Wenfeng educational qualifications: How a Zhejiang University grad built DeepSeek to outshine ChatGPT and shake Silicon Valley

Liang Wenfeng, the founder of DeepSeek, has redefined the AI landscape, surpassing even ChatGPT to become the most downloaded app in the U.S. With a solid engineering foundation from Zhejiang University,

by: MSN

Hefford and Scheer Among Promoted PWHL Executives

The PWHL has announced a trio of promotions within its leadership team as the league continues to grow and elevate operations. Jayna Hefford has been promoted to Executive Vice President of Hockey Operations,

by: MSN

Silver, Platinum, & Uranium Poised For Major Moves | Steve Penny

Penny, a renowned expert in the field, emphasized the importance of fundamental analysis and technical analysis in making informed investment decisions.

by: MSN

Prediction: Palantir Will Beat Wall Street's Earnings and Revenue Expectations on Feb. 3

Palantir Technologies (NASDAQ: PLTR), which provides artificial intelligence (AI)-powered data analytics software platforms, is slated to release its fourth-quarter 2024 report after the market closes on Monday,

by: MSN

UK's Starmer seeks to reassure business on commitment to generating growth

By Andrew MacAskill LONDON (Reuters) -British Prime Minister Keir Starmer and finance minister Rachel Reeves met business leaders on Tuesday, seeking to hammer home their message that ministers had been told to refocus attention on economic growth with every major decision.

by: MSN

What Davos delegates missed when they discussed green finance for business

Every year, leaders from politics and business come together with economists, investors and even celebrities at the World Economic Forum in the Swiss resort of Davos. One of the five key themes of this year's event was safeguarding the planet.

by: MSN

Trump's threat of Taiwan chip tariffs could give Nvidia a fresh headache after DeepSeek

President Donald Trump has threatened to introduce tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

by: MSN

UK's University of Surrey to set up offshore campus in Gujarat's GIFT City

The University of Surrey will open a campus in Gujarat's GIFT City in partnership with GUS Global Services. This move enhances access to British education in India, emphasizing business, finance, and computer science.
  • Wed, January 29, 2025

by: deseret

Some of Trump's more controversial picks will appear before Senate committees to make their case

Robert F. Kennedy Jr., Tulsi Gabbard and Kash Patel are expected to be grilled by senators during their confirmation hearings

by: Mint

Budget 2025 Expectations Highlights: Taxpayers hope for income tax relief to boost money in hand, consumer demand

Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 to boost money in hand and improve consumer demand, respectively.

by: NDTV

What Led To The Merger Of Railway And Union Budget In 2017

The Union Budget andRailway Budgetwere presented separately until 2017 when the government ended the 92-year-old practice and merged them.

by: Politico

Trump tests Republicans' tolerance

Whip Tom Emmer, the No. 3 House Republican, outright applauded Trump in an interview with our Meredith Lee Hill in Doral for "doing exactly what he was elected to do." And GOP Conference Chair Lisa McClain hailed the move as a "brilliant" idea.

by: Couriermail

Coles and Woolies unite to scrap penalty rates under new proposal

Penalty rates will be scrapped for some retail workers and rest time between shifts will be cut under a new proposal being pushed by Coles, Woolworths and other major retailers.

by: Reuters

LVMH touts good start to 2025 but Q4 results underwhelm

LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.

by: Reuters

Norway wealth fund posts record $222 bln annual profit on tech boom

Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

by: MSN

Gemini Daily Horoscope Today (May 21- June 20), January 29, 2025: Morale will remain intact!

Gemini Money Horoscope Today Bring clarity to career and business. Profit margins will remain steady. Exercise care in financial dealings. Stay away from financial and commercial risks. Gemini Career Horoscope Today Progress with patience and caution.

by: MSN

Sony's Totoki takes CEO role, cementing leadership position

Sony Group President Hiroki Totoki will add the CEO role from April 1, while incumbent Chairman and CEO Kenichiro Yoshida will remain as chairman, the entertainment and technology conglomerate said on Wednesday.

by: MSN

Capricorn Daily Horoscope Today (Dec 22-Jan19), January 29, 2025: Your valour will increase!

Capricorn Money Horoscope Today You will succeed in connecting everyone through work and business. Commercial conditions will be effective. Profits will exceed expectations. You will remain effective in professional efforts.

India's SBI Card misses Q3 profit expectations on higher write-offs

India's SBI Cards and Payment Services reported third-quarter profit below expectations on Tuesday, weighed down by higher write-offs.
SBI Card, India's second-largest credit card issuer, reported a lower-than-expected quarterly profit for the third quarter ending December 31, 2024, due to increased write-offs and higher provisions for potential loan losses. The company's profit after tax was 5.49 billion rupees ($66.1 million), falling short of the 6.07 billion rupees anticipated by analysts. This was influenced by a significant rise in write-offs, which jumped to 7.85 billion rupees from 5.65 billion rupees the previous year, and an increase in provisions for bad loans to 10.85 billion rupees from 7.55 billion rupees. Despite these challenges, SBI Card saw a 33% increase in revenue from operations, reaching 46.55 billion rupees, driven by a 31% growth in card-in-force and a 30% rise in spending. However, the cost of funds also increased, impacting the net interest margin which contracted to 11.3% from 11.7% year-over-year.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/indias-sbi-card-misses-q3-profit-expectations-higher-write-offs-2025-01-28/

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