COST Financial News

₹5 lakh, ₹25 lakh, ₹1 crore, and more. However, there is no capping on the amount under unlimited sum insured plans.

Financial goals work the same way. They provide you with a clear path, ensuring that your financial journey leads to a rewarding destination. Let's dive into the story of Rajesh Kumra, a fun-loving guy from Mumbai. Rajesh loved to live in the moment, spending his hard-earned middle-class salary on the latest gadgets, fancy dinners, and spontaneous trips. But he was forced to rethink his ways one sunny afternoon over a cup of chai with his old friend, Suresh CN. Suresh, with a twinkle in his eye, casually mentioned that he was about to buy a new house. Rajesh, both surprised and curious, asked him how he could manage such a feat especially in a costly like Mumbai since their salaries were not too different. Suresh smiled and said, «It's all about setting financial goals, buddy. I've been planning and saving for years, and now I'm ready to make my biggest and most expensive dream a reality.» This little anecdote highlights the magic of financial planning. Setting goals isn't just about saving money but creating a roadmap to turn your dreams into reality. After all, 'A goal without a plan is just a wish'.

Deere is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand

banks may face modest earnings growth in the fiscal first quarter squeezed by pressures on net interest margin (NIM) mainly due to higher deposit costs. While compressed NIM can hurt profitability, this will be partially offset by loan growth outpacing deposit growth, and robust treasury earnings helped by lower bond yields and a rallying equity market for most lenders, analysts said.

governance and bring about a paradigm shift in citizen-centric delivery of services. Imagine a student applying for college admissions. Instead of separately applying for numerous universities and colleges with the need for filling multiple applications with repetitive data each time, an AI-driven system would proactively collate the basic demographic information about the student and suggest the probable list of colleges based on his/her score in the qualifying examination.

Wells Fargo & Co. shares suffered their biggest intraday drop since the depths of last year’s regional-bank crisis as the lender’s second-quarter results were marred by higher-than-expected costs.

Austin, TX – July 5, 2024 – Dubbz, a pioneer in gaming and SocialFi, has successfully transitioned its $DUBBZ token and blockchain ecosystem from Ethereum to Base, Coinbase’s cutting-edge layer-2 solution.

Maruti Suzuki, Apollo Tyres, Godrej & Boyce and Saint-Gobain are going the whole hog in adopting artificial intelligence (AI) in their day-to-day operations. AI has not only helped these companies reduce costs but also increase efficiencies and reduce workplace incidents.

Gaurav Gupta is at the forefront of the fight against counterfeit luxury products in India, with nine cases filed in the Delhi High Court against various counterfeiters. Gupta — who has featured in the Paris Couture Week three times and whose designs have been worn by fashion powerhouses like Beyonce (for her Renaissance tour), Cardi B (Grammys 2023) and Mindy Kaling (Met Gala 2024) — has claimed damages of ₹2 crore from each of the counterfeiters and aims to get restraining orders against all nine. Most of these cases involve parties operating in Delhi, with one case in Mumbai and Punjab each.

₹24.87 trillion, weighed by a fall in corporate and wholesale loans. Total deposits were flat quarter-on-quarter at ₹23.79 trillion. The mismatch in credit and deposit growth has been plaguing the sector for a while now.

Voters in the U.K. are casting their ballots in a national election to choose the 650 lawmakers who will sit in Parliament for the next five years

Summer is the season of road trips.

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

budget could unveil a scheme aimed at bridging the credit gap and other financing issues for the micro, small and medium enterprises (MSME) sector, said people familiar with deliberations. While the contours of the scheme are yet to be finalised, it may involve an outlay upwards of ₹10,000 crore, they said. Interventions being examined included interest subvention for working capital, credit guarantees, refinance and some form of support towards equity, they said, adding that a special window for women entrepreneurs was also being considered. A final decision will be taken closer to the budget, which is to be presented on July 23.

Why Reliance’s investors opposed board roles for Saudi businessman and Khaitan While JFSL’s split led to 46% promoter shareholding, close to a simple majority of 51%, the same exercise may give RIL’s promoters a mere 33% stake in Jio Platforms. Jefferies offers them a solution — raise their stake in Jio after the listing to bring it closer to 51%, as they did with JFSL. But there’s a problem.

State Bank of India on Wednesday raised Rs 10,000 crore through the issuance of infrastructure bonds, while two other public sector lenders – Canara Bank and Bank of India – are likely to tap the debt market next week to raise a total of up to Rs 15,000 crore through the same instrument. SBI raised the funds through 15-year infrastructure bonds at a coupon rate of 7.36%, identical to the rate that was set at another infrastructure bond issuance on June 26, also for Rs 10,000 crore, the bank informed exchanges.

Online discounts and promotions will peak this month onwards with brands across smartphones, electronics and apparel rushing to clear off unsold inventory ahead of the upcoming festive season and marketplaces such as Amazon and Flipkart lining up multiple sales events. Industry executives estimate the average online discount in these categories in the forthcoming sales to be the highest since Covid-19 as their sales have been under pressure from January to June.The chief executive of a leading apparel brand said it will clear inventory from 2023 on hefty discounts in the upcoming online sales. “Apparel demand has been subdued for six quarters now and though the industry has rationalised inventory last fiscal, still there is unsold stock,” he said on condition of anonymity. “Discounts on old stock will be more than last year,” he added.

Federal Reserve chair Jerome Powell caught the market’s attention this week when he said that inflation was not the only risk the United States is facing.

The IPO is a mix of fresh issuance of Rs 550 crore and an offer for sale (OFS) of up to 2.16 crore equity shares by promoters and investor selling shareholders.

«I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us,» says Alok Agarwal, Alchemy Capital. What is your take on the commentary from Rajiv about the category breaker this particular CNG bike could become? It is the first of its kind, and clearly, you have to give full marks for that. The stock is higher by 2%. But what does it do to this category, this value category? The 85,000-95,000 per unit value category was ignored by everybody, as all the players were focusing on premiumization. Can it revitalize that space and get volumes back? Alok Agarwal: We have been seeing a K-shaped recovery all through, especially after COVID, and that was reflected in automobiles and two-wheelers as well. But at the same time, one of the most efficient companies is coming forward with CNG bikes. I think it is a welcome step, a welcome move. It is a calculated move as well. They have also showcased how they have changed things in the past. So, I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us.

If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one