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US companies getting refunds after the Supreme Court struck down President Donald Trump's import tariffs are using the temporary windfall in a range of creative ways.  The refunds are being used to cover rising costs, supplement employee retirement accounts and repay debt. Some are sharing the bounty with vendors. And a number of consumer companies are beefing up their assortment of lower-priced products and offering deals to attract budget-conscious shoppers pinched by the rising cost of living. Companies in the Russell 3000 Index mentioned tariff refunds almost 1,000 times in earnings calls and filings in July, August and September, according to a Bloomberg News analysis, almost four times more than in the previous earnings season. Consumer discretionary and staples companies accounted for more than a third of the references, disclosing the receipt of close to $9.8 billon in refunds during that period. Roughly $166 billion was paid in tariffs under the International Emergenc...

The week starting on September 7 remained highly volatile for markets with a mix of global uncertainty, rising oil prices and expectations of interest rates hike by US Federal Reserve, while corporate India saw several important developments. Here are few top stories from this week - US-Iran Conflict Tensions between US and Iran escalated again this week following a brief pause as US Central Command (CENTCOM) reported that the American forces attacked five Iranian oil tankers in the Gulf of Oman and near Kharg Island. Iran responded by launching ballistic missiles at a US base in Jordan and targeted multiple commercial and military vessels near the Strait of Hormuz. Oil Prices Cross $100 Oil prices rose over $100 a barrel this week, for the first time in nearly four months, even  hitting $109 before retreating on Friday. Crude prices are track for a weekly gain of around 8% to 9%.  Following this surge, benchmark indices such as Sensex and Nifty fell, posting consecutive ...

Over the years, actor Rani Mukerji has taken on a wide range of roles and delivered each of them with sincerity. The Chalte Chalte star has been honoured with the Raj Kapoor Special Contribution Award for her contribution to cinema. The recognition came as Rani completed three decades in the film industry. The 62nd Maharashtra State Film Awards ceremony was held in Mumbai, bringing together several noted names from the Marathi and Hindi film industries. Maharashtra Chief Minister Devendra Fadnavis and Cultural Affairs Minister Ashish Shelar honoured the award winners at the ceremony. Dressed in a gorgeous green sari with a broad red border, Rani stole the spotlight. She paired the traditional look with green bangles, a mangalsutra and a gajra , completing the elegant ensemble. Rani's words after receiving the award struck a chord with the audience. The actor spoke in Marathi and opened up about what made the recognition particularly special for her. “ Namaskar , for me, Ma...

England pacer Ollie Robinson has emerged as the standout figure in Test bowling, boasting the best bowling average among bowlers with 100-plus wickets since the First World War, with an impressive mark of 19.10. He has also reached the 100-wicket milestone in just 24 Tests, making him the joint-fifth-fastest English bowler to achieve the feat since World War II, joining legends Ian Botham, Derek Underwood, Steve Harmison, Graeme Swann and Tony Lock. Robinson achieved the feat during England's third Test against Pakistan in Birmingham on Wednesday. The pacer now has 102 wickets at an exceptional average of 19.10 in 24 Tests, including five five-wicket hauls. Problems off the field have been compounded by struggles on it, with Pakistan's torrid run in red-ball cricket extending into the third Test. After Babar Azam lost the toss, England captain Joe Root had no hesitation in asking Pakistan to bat first. Pakistan endured a disastrous start, with their early struggles coming a...

The Indian cricketers competing at the upcoming Asian Games in Japan will stay at the designated accommodation arranged by the Organising Committee though they are not the five-star hotels they usually get on foreign tours, BCCI vice-president Rajeev Shukla said on Tuesday. Shukla said the issue on the accommodation of the hotels for the cricketers had arisen due to the scarcity of top-rated hotels in Nagoya. He, however, said accommodation of the cricketers was not a big issue and the BCCI and the players are satisfied with the arrangement. "Whatever they (organisers) are providing, we are staying there and we are keeping a watch what kind of accommodation is being given so that our players are comfortable. Definitely those are not of five-star but a good accommodation," Shukla said at the send-off ceremony of the Indian contingent . "Whatever has been offered to our cricketers that accommodation we have got the photographs all the way and the videos also of that, s...

Former captain Azhar Ali has expressed deep dismay over the ongoing crisis in Pakistan cricket following the team making wholesale changes to its squad on the ongoing Test tour of England, adding that the side has become consistent in the most negative way. Azhar's scathing assessment comes in the wake of severe fallout after heavy defeats at Headingley and Lord's, which saw head coach Sarfaraz Ahmed and bowling coach Umar Gul being relieved of their duties and seven players sent home. The turmoil has drawn widespread criticism, with Shahid Afridi calling it ‘the most shocking decision ever' and Misbah-ul-Haq resigning as a selector in protest. "People used to say you could expect anything from Pakistan – that any team could turn up on any given day and either be 46 all out or win from nowhere. But we don't even do that inconsistency any more. We've become totally consistent – in the most negative way. “Cricket in Pakistan needs proper care and a vision tha...

Former Indian cricketer Shikhar Dhawan on Sunday said that there was no discrimination of players based on region in the national team selection, but admitted that luck could play a part in the process. "No, there is certainly no discrimination," Dhawan told reporters at a press conference when asked whether there was discrimination of players from Jammu and Kashmir as they do not get many opportunities. "If you perform, no one on earth can keep you out; your performance must do the talking. Sometimes, luck also plays its part. That isn't exclusive to J&K. Whether it's a boy from Delhi or Mumbai, you will find plenty of instances where a player deserved an opportunity, but didn't get it, and someone else was picked instead. That is simply part and parcel of this game," he said. The press conference was called to announce the launch of Pro Star Cricket League (PSCL) Season 2. The tournament, dedicated to identifying and nurturing emerging cricket ...