COST Financial News

Tracking error is the difference between the scheme’s return and that of the benchmark index. It measures how closely a mutual fund scheme has replicated the returns of its benchmark index. The larger the deviation is from its benchmark index returns, the higher the tracking error of the scheme. According to AMFI, tracking error is the difference between an ETF portfolio's returns and the benchmark or index it was meant to mimic or beat. Also Read | Smallcaps, infra, PSU mutual funds make investors richer with 30% CAGR in 5 years

Kamala Harris is aiming to make history as America's first Black and South Asian woman president — but she has not leaned into the prospect. Instead, Harris has steered well clear of mentioning race and gender during speeches, rallies and the first press conference of her lightning campaign. The 59-year-old Democrat has also refused to engage with Republican rival Donald Trump and his allies when they have tried to bait her by questioning her racial identity and making sexist attacks.

Adani Group can double its debt exposure to the domestic capital markets to 10% of the conglomerate's total loans so long as the instruments used to raise funds mature within five years, said the group's chief financial officer, Jugeshinder Singh. Indian capital markets currently account for about 5% of Adani Group's total outstanding borrowings, or ₹12,404 crore, as of March-end, 2024.

JP Morgan has said that the US Federal Reserve is being forced to shift from their traditional decision around rate cuts, due to the improbable labor market in the US currently. It somehow appears that the Fed has a weak resolve around a lot many things, with the rate cuts being one of them. However, JP Morgan is of the opinion that the Fed can cut rates quite steeply in the coming times.

India as road accidents. Despite a decline in road crashes globally, India's numbers are on the rise — it accounts for 6% globally, with a 10% increase over 2019. Which is why road transport minister Nitin Gadkari's concern over these numbers are more than understandable.

Canada’s top banks may still be facing credit headwinds, but analysts say that the relatively stable earnings display in the last quarter suggests that they are not going to “fall off the cliff” anytime soon.

Earlier this month, the Canada Revenue Agency updated its comprehensive folio on the topic of interest deductibility , and while most of the changes aren’t of interest to the average taxpayer, the folio has been revised to add a reference to more recent case law on the meaning of the phrase, “for the purpose of earning income from a business or property.”  

To say Canada’s mortgage market is cutthroat is an understatement.

Modi Friday laid the foundation stone for the Vadhavan Port project in Maharashtra's Palghar district, near Dahanu town. The port is set to become one of India’s largest deep-water ports, with a total project cost of Rs 76,220 crore. Vadhavan Port, a joint venture between Jawaharlal Nehru Port Authority and Maharashtra Maritime Board, will enhance India’s maritime infrastructure. It will feature 9 container terminals, 4 multipurpose berths, 4 liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth, with a depth of 20 meters, handling vessels up to 24,000 TEUs. Modi described the day as historic for both Maharashtra and India’s development. He stated, “The Vadhavan Port will be the country’s largest container port and will be counted among the world’s deep-water ports. It will become an epicenter of trade and industrial development for Maharashtra and India.”

A a spokesperson for Titan said: «We can confirm that the funds will close at the end of September,» but they declined to comment any further. The reason for these closures remains unclear, and there is currently also a lack of clarity over whether Titan will absorb the cost of the fund closures or the options that will be presented to investors.  Tavistock ends deal with Titan after 'unacceptable performance' The news follows Tavistock's termination of its partnership with Titan last month, due to a «sustained period of unacceptable performance» by Titan, Tavistock said at the tim...

EB-5 Immigrant Investor Program has long served as a gateway to U.S. permanent residency for global investors, offering a unique blend of opportunity and security. In response to evolving economic and regulatory needs, the United States Citizenship and Immigration Services (USCIS) has introduced significant reforms aimed at modernizing the program. These updates represent a strategic overhaul designed to enhance transparency, streamline processing, and ensure the program's sustainability. For investors, these changes signal a renewed commitment to efficiency and reliability, reinforcing the EB-5 program's standing as a premier option for securing U.S. residency. Reauthorization of the Regional Center Program One of the most pivotal recent changes in the EB-5 landscape is the reauthorization of the Regional Center Program, reinstated under the EB-5 Reform and Integrity Act (RIA) of 2022. After lapsing in 2021, this program, which allows investors to pool their resources into large-scale projects managed by designated regional centers, has returned with reinforced measures. The reauthorization underscores the program's critical role in providing structured, potentially lower-risk opportunities in the U.S. real estate and infrastructure sectors.

Treasuries are poised for their longest monthly winning streak in three years as traders look past US data on personal income and expenditure due Friday and prepare for the Federal Reserve to start cutting interest rates.

Inflation is down in Europe

The Economist has adjusted SIPRI’s estimates for military purchasing-power parity (PPP), with help from Peter Robertson, a researcher at the University of Western Australia. This makes defence budgets comparable with America’s: pay is adjusted for wage differences and operating costs for general price levels. (Equipment costs are left the same, as much of the kit is imported, and its relative quality is hard to judge.) The adjustments show that Ukraine’s budget increases (though not its total budget) will stretch further than Russia’s, for example, even though its budget grew at a slightly slower rate in nominal terms (see chart 1).

Coal India Ltd saw the highest consensus earnings estimates increase for FY25 in absolute terms at ₹4,800 crore. The chart alongside, sourced from an ICICI Securities report dated 24 August, has the details. On the other hand, Oil and Natural Gas Corp.

Donald Trump says that, if he wins a second term, he wants to make IVF treatment free for women, but did not detail how he would fund his plan or precisely how it would work. «I'm announcing today in a major statement that under the Trump administration, your government will pay for — or your insurance company will be mandated to pay for — all costs associated with IVF treatment,» he said at an event in Michigan. «Because we want more babies, to put it nicely.» IVF treatments are notoriously expensive, and can cost tens of thousands of dollars for a single round. Many women require multiple rounds and there is no guarantee of success.

Official data on Friday will likely show growth moderated last quarter from near-8% pace previously, largely due to a slowdown in government spending before the elections. Recent indicators show consumer sentiment is waning and rural spending still hasn’t recovered to pre-Covid levels. A looming slowdown in the global economy is another major risk to the outlook. Goldman Sachs Group Inc. has already trimmed India’s growth forecast for the current calendar year by 20 basis points to 6.7%, while Bloomberg Economics lowered its projection for the fiscal year through March 2025 to 6.8% from 7.2%.

economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing.

Spectre Divide, a tactical FPS game developed by Mountaintop Studios, is set to release on September 3, 2024. The game, which features unique gameplay mechanics, will be available exclusively on PC.

Pepe Unchained ($PEPU) has raised over $11 million in presale funds, and it appears its bid to become the top Pepe token in the meme coin sector is not stopping.

NASA recently said that astronauts Butch Wilmore and Suni Williams will choose to return on SpaceX's Crew Dragon in February, and that Boeing's Starliner would return empty. For Boeing, which has been struggling with the Starliner project for a number of years, this decision is yet another blow. Since 2016, the project has had major delays, supply chain disruptions, and technological difficulties that have resulted in a $1.6 billion budget overrun, as per the reports of Yahoo news.