COST Financial News

«While it is not cheap now, there valuations are rich now, but I think you need to hold on to such quality stocks where the growth is going to be very aggressive and the management is really on top of it on all multiple fronts,» says Sanjay H Parekh, Sohum Asset Managers. What are your thoughts on the entire cement space? I see two biggest names in your portfolio, Ambuja and Grasim. But one is turning an acquirer in order to reach their massive goals they have set for themselves five-seven years ahead on the capacity addition front, obviously that cannot come completely organic. So, inorganic route has to be taken. The other one has beyond cement, a positive on Vodafone resurrecting, going towards jewellery and other stuff. So, is it the cement you are kind of playing there or what exactly is the plan? Sanjay H Parekh: One is cement in the near term may be weak for this quarter because first two months were weak. June has been better. But overall, structurally, with this emphasis on infrastructure, the large players very clearly will be beneficiaries, they will be acquirers.

Denmark, a major pork and dairy exporter, will introduce a tax on livestock carbon dioxide emissions from 2030, making it the first country to do so and hoping to inspire others to follow, the government said on Tuesday. A tax was first proposed in February by government-commissioned experts to help Denmark reach a legally binding 2030 target of cutting greenhouse gas emissions by 70% from 1990 levels. The centrist government late on Monday reached a wide-ranging compromise with farmers, industry, labour unions and environmental groups on policy linked to farming, the country's largest source of CO2 emissions.

Paul Graham of Y Combinator recently shared an anecdote that perfectly encapsulates the challenge of regulating artificial intelligence (AI). When he asked someone helping the British government with it what they would regulate, the response was a refreshingly honest, “I’m not sure yet." As Graham noted, this might be the most intelligent thing anyone has said about AI regulation thus far. AI creates a “pacing problem," first explained in Larry Downes’ book The Laws of Disruption.

gold in the last one week has been -1.72% whereas in the last month it has been -0.96%.The cost of silver is Rs.88690.0 per kg down by Rs.160.0 per kg. Gold Price Today in Delhi is ₹73532.0/10 grams. Yesterday’s Gold Price on 25-06-2024 was ₹74492.0/10 grams.

Investors have pared exposure to sectors including renewable energy and electric cars as candidates in some of the dozens of nations holding polls this year have raised concerns over the costs and speed of efforts to curb emissions.

₹849 crore on advertising and promotions last fiscal. “Our intent is that overall A&P (across traditional, digital, consumer promotion) would be higher than last year, which will increase our brand visibility and engagement across all platforms. While core channels remain important, we will allocate budget judiciously and strategically to explore high-impact digital opportunities as well," Jain added.

FedEx on Tuesday forecast fiscal 2025 profit above analysts' estimates, and shares in the delivery giant soared as executives said slashing expenses and consolidating operations would bolster returns even as demand remained weak for package deliveries. Shares of FedEx jumped 14 in extended trading as the Memphis-based company targeted fiscal 2025 earnings of $20 to $22 per share — the midpoint of which was slightly above analysts' estimate of $20.92. The company is also weighing whether to will keep or sell its freight trucking business that generated revenue of $2.3 billion in the latest quarter.

German automaker Volkswagen Group will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the companies said on Tuesday.

artificial intelligence personal computers is unlikely to trigger a strong replacement demand in India as compared to other countries even as IT hardware makers start flooding store shelves with the next-generation machines, industry experts said. While the ongoing AI revolution has prompted enterprises, education institutes and government organisations to deliberate on using high-performance compute servers for training AI models and developing use-cases, the demand for AI laptops and notebooks — that are priced at a hefty premium to regular PCs — is expected to soar only after their use-cases are established and people start using them, market trackers and industry executives said.

One of the founding beliefs at Fairway Wealth Management is clients overseeing their own personal wealth enterprise that they’ve created.

revision of goods and services tax (GST) rules is likely to bring relief for India’s aircraft maintenance and repair industry which has for long been trying to take advantage of the booming aviation market in India. Last week, the 53rd GST council recommended a uniform 5% tax on imports of parts, components, testing equipment, tools and toolkits of aircraft, irrespective of their HSN code. HSN, or Harmonised System of Nomenclature, is an internationally acceptable numerical code used to classify products for taxation purposes.

Americans have a lot of worries about retirement, whether that’s having too little in savings or how the upcoming presidential election will hurt their accounts.

Bugatti has unveiled its latest model which is said to be the world’s fastest car that can travel at a speed of approximately 250 mph. This is faster than the Shinkansen bullet train in Japan. There will be a limited number of cars of this model that are being manufactured. It will cost $4.1 million. The company has announced that the booking for this car is open and can be done online. Bugatti which had a record for manufacturing the world’s fasters cars, the Chiron Super Sport and the Veyron hopes to reclaim this title with the launch of this new model called “The Tourbillion”.

Studio Ghibli's latest film, "The Boy and the Heron," is now available for home viewing in the US. The UK release date is pending confirmation.

Following the 2007-2008financial crisis, central banks from 28 countries and bank regulators devised an international regulatory accord called Basel III. Published in 2010, it promised common standards for measuring, reporting and managing financial risk across all 28 jurisdictions by imposing new, higher capital charges — the money a bank holds in reserve to cover bad loans and losses from trading stocks, bonds, derivatives and other financial products.

Inflation accelerated in May by 2.9 per cent on a year-over-year basis, according to Statistics Canada, which will surprise economists who were expecting it to ease from the 2.7 per cent increase in April.

Federal Reserve Governor Michelle Bowman said she sees a number of upside risks to the inflation outlook, and reiterated the need to keep borrowing costs elevated for some time. 

SEOUL : To the makers of smartphones, power grids and electric vehicles, lithium—the lightest metal—allows batteries to become supercharged, underpinning hopes for a greener economy and longer-lasting devices. But the very traits that make lithium game changing for energy storage can pose overpowering challenges should the batteries ever catch fire. Incidents involving lithium-battery fires are becoming more common around the world, raising safety concerns.

Celebrity chef Andrew Gruel discusses the rising cost of doing business in California as a beloved fast-food chain is forced to close 48 locations throughout the state.  

ICICI Bank hit a 52-week high on Tuesday, making it the sixth Indian company to cross $100 billion market capitalisation. The stock scaled a high of Rs 1,207 before closing the day 2.5% higher at Rs 1,199. Only HDFC Bank, with a market capitalization of just over $162 billion, is above ICICI Bank in terms of m-cap rankings among the lenders.

₹50 lakh due to a freak hailstorm. This year I am hoping to recover the losses," he said, sitting on a charpai, under the shade of giant mango trees spread across the 25-acre orchard. The oppressive June heat, closing in on 50 degrees Celsius, is a little more bearable here.