COST Financial News

O'Leary Ventures Chairman Kevin O'Leary reacts to the Biden administration’s latest claim that corporations are the cause of sky-high inflation on 'Varney & Co.'

Gaurav Dua, SVP, Head — Capital Market Strategy, Sharekhan By BNP Paribas, says consumer is a structural story. What you are going to see is that the household income is going to more than double over the five to eight years in India and that is the space where we see that there are going to be lot of multi-baggers that will be available at the right price for the investors. Let us start with the unsecured lending side of the business. UGro, Five-Star, SBFC, have been doing very good numbers in the last few quarters. I am seeing some of them flow out in this quarter as well. But the fear is that asset quality may come at risk now and hence the valuations have got depressed in that area. Is it an opportunity to build in portfolios or will you still stay away from this side? Gaurav Dua: The fact that some of the states have already started to announce farm loan waivers is something which is like this concerning the market because if you are exposed to the microfinance industry or you have a high exposure to this unsecured loan, this basically spoils the whole borrower attitude, basically. This has been one of the risks. In the case of private sector banks, cost of funds are likely to go up and that is an additional concern about these NBFCs.

Indus Towers announced a share buyback via a tender offer on Tuesday while reporting its quarterly results for the first quarter of FY25. The company plans to repurchase approximately 5.68 crore shares at Rs 465 per share, totaling up to Rs 2,640 crore. The buyback price offers a 4% premium over the stock’s closing price on Tuesday, July 30.

supply chains after the pandemic and due to geopolitical reasons has given India a chance to make in India for the world. It's not just China. Other Asian countries such as Vietnam and Bangladesh are also formidable incumbents. Traditionally, other Asian countries have had an edge over India due to various reasons such as cheaper labour, less rigid labour market and free trade agreements. But now India too is becoming an attractive source of goods for Western countries.

Of late, there have been many discussions on how much spending or ostentation is “too much" for a rich person. And the views are polarized along, “It is bad/ immoral/ unforgivable to spend so much when most of your fellow citizens need free food" to “It is their money and how they spend it is no one else’s business." Without getting moralistic, the question is whether there a way or framework to think about this in pure economic terms? That is what I attempt to do in this piece.

Selling property: Will your taxes skyrocket by 1,000% post Budget announcement? To quantify the impact, we analysed the compound annual growth rate (CAGR) of real estate prices, the holding period, and the cost inflation index. Our calculations show that the effective tax rate under the new regime is only lower if the real estate’s CAGR significantly exceeds historical averages. For a 20-year holding period with a cost inflation rate of 5.5% a year, the CAGR must be above 9.48% for the new tax structure to be advantageous.

The Bank of Japan has raised its key interest rate to 0.25% from 0.1%, acting to curb the yen's slide against the U.S. dollar

electric two-wheeler makers are preparing for a future without government subsidies amid uncertainty on whether these vehicles will be included in the upcoming third phase of the FAME (faster adoption and manufacturing of electric vehicles) scheme.

Tata Steel is likely to see robust growth in profitability in the first quarter ended June 2024, but the bottomline may decline. Net profit for the June quarter may increase anywhere between 57-209% year-on-year, according to estimates from five brokerages.

Tenth Avenue Freeze-Out. I am sipping a cup of black coffee and just doing nothing. A state I want to continue existing in (I was until I had to start writing this).

quarterly results from Microsoft melted $340 billion of stock market value on Tuesday from it and rival heavyweights racing to dominate artificial intelligence technology, while Nvidia and other AI chip sellers rallied after results from Advanced Micro Devices. The gains in chipmakers and losses in their biggest customers underscored a divide in the AI landscape, with investors recently questioning whether Wall Street's AI rally may have become overextended.

India’s fast-expanding data centre industry is evolving beyond traditional hubs like Mumbai and Chennai, and expanding to emerging hotspots such as Kochi, Jaipur, Ahmedabad, Lucknow, Patna and Visakhapatnam as companies look to serve a growing but distributed user base across the country, executives from top companies said.

Mass market retailers in the U.S. are plying shoppers with offers for computers, clothes and other back-to-school essentials at affordable prices

Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm

JetBlue Airways is reporting a small but surprising profit for the second quarter

While workers face a significant risk of not living out the retirement they imagined, with some segments more vulnerable than others, being part of a defined contribution plan can go a long way in cutting down that threat.

They say home is where the heart is, but it’s also where the wealth is since a home’s equity is often the largest asset for US households.

Despite an outlier report released by the International Monetary Fund earlier this month that suggested Canada will be a leader in economic growth next year — which had many Liberal MPs crowing that their “economic plans are working” — the overwhelming view of most suggests otherwise, especially when it comes to productivity.

Starknet-based ZKX Protocol will shut down with all markets delisted and funds returned to users due to financial challenges.

HONG KONG : Chinese leaders said they would take more aggressive steps to boost consumer spending and head off a worsening set of economic challenges, signaling rising concern about flagging momentum in the world’s second-largest economy. The Communist Party’s top policymaking body, the 24-member Politburo, pledged more measures to boost household income and reduce funding costs for companies, though the report from the state-run Xinhua News Agency offered few specifics on what it is planning.