COST Financial News

According to a FE fundinfo survey of 103 UK asset managers with at least £1bn in assets under management, 79% of firms considered data intelligence increasingly important, with 48% planning to significantly invest in data management infrastructure, while 88% agreed that accurate and timely data is essential in the context of driving asset growth. In addition, 47% of respondents saw asset growth as a top challenge over the next three years, highlighting the pressure of rising costs and narrower margins on returns across the industry. TILLIT removes five funds from recommended list foll...

Fewer Americans are buying life insurance than in the past, which suggests households may be at financial risk in the event of an unexpected death, experts said.

electricity cleanly to address climate change has been quietly advancing and on Tuesday it hit a milestone. A California utility is backing the largest new geothermal power development in the US — 400 megawatts of clean electricity from the Earth's heat — enough for some 4,00,000 homes. Southern California Edison will purchase the electricity from Fervo Energy, a Houston-based geothermal company, Fervo announced. The company is drilling up to 125 wells in southwest Utah.

“We are very excited with the way we have gained market share in recent times for our biosimilars in the US. We have always been sort of aiming for a 20% market share for our insulins globally and it is happening. I mean, it has happened in the US even sooner than we anticipated largely because of this huge demand. That has kind of created a large opportunity for us in insulins and I think we are benefiting from that, sort of windfall,” says Kiran Mazumdar Shaw, Executive Chairperson, Biocon. Wanted to begin by asking you about India because I think that is, of course, the biggest talking point at the IGF as well. Clearly it seems like a Goldilocks scenario for India, but the question to you is, is this optimism actually being shared and felt by corporate India as well?

Uttar Pradesh cabinet on Tuesday approved a proposal from the Tata Sons to build a 'museum of temples' in Ayodhya at a cost of Rs 650 crore. Sharing details about the decision, Tourism Minister Jaivir Singh said the tourism department would provide the company land for the international-level museum on a 90-year lease for a token money of Re 1. «Tata Sons had proposed the project through the Central government, offering to build the museum at a cost of Rs 650 crore under its corporate social responsibility fund,» Singh said at a press meet here after the cabinet meeting chaired by Chief Minister Yogi Adityanath. The cabinet also okayed the company's proposal for other development works in the temple town for additional Rs 100 crore, he added.

Millions of working Americans remain challenged by the cost of living in 2024, with many concerned about the long term impact on their finances.

₹1,350 (premised on 2.5x FY26E ABV). This indicates an over 15 percent potential upside.The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023."While we estimate margins to remain range-bound in the near term, the operating leverage is emerging as a lever to support earnings growth.

New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows.

In its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to «sharpen» their inflation-predicting abilities.

Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces that can come loose, and failing front windshield wipers

The Norwegian government has signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary

helicopter service from Jammu to the Mata Vaisho Devi temple began on Tuesday, facilitating pilgrims who wish to perform 'darshan' at the revered shrine within a day due to time constraints, officials said. This is in addition to the helicopter service which is already available between Katra, the base camp for the pilgrims visiting the famous shrine atop Trikuta hills in Reasi district, and Sanjhi Chhat near the temple with a one-way fare of Rs 2,100 per person. Pilgrims opting for the service from Jammu can choose between two packages — Rs 35,000 per passenger for same day return and Rs 60,000 per person for next day return. Marking the commencement of the new service, the first helicopter carrying pilgrims left Jammu airport at around 11 am and landed on Panchi helipad along the new trek to the shrine, the officials said.

There is a famous saying, «A pet is a man's best friend.» This is absolutely true, isn't it?

The mayor of Maui County in Hawaii wants to stop owners of thousands of vacation properties from renting to visitors

Also Read- Amara Raja shares hit 20% upper circuit after subsidiary signs licensing deal with GIBThe government has received around Rs1.5 trillion in fiscal support since the interim budget presentation on February 1st, primarily due to the extra RBI dividend of Rs1.2 trillion.Secondly, the actual fiscal deficit for FY24 was 25 bps lower than estimated in the February'24 budget. The buoyancy from income tax adds almost ₹300 billion to the cushion.

fintech sector in India has been facing a decline in funding since last year, majorly owing to tighter regulations by the government. Scaling up is now coming at a cost for many firms in this segment. However, industry leaders and experts believe that it’s important for the regulator to do its job and the tightening of regulations is for the greater good. These regulations should be looked at as an enabling tool over obstacles. As per reports by Tracxn, the fintech sector saw a decline of 63% in 2023 in terms of funding. It received $2 billion in funding in 2023, compared to $5.4 billion in 2022 and $8.4 billion in 2021. This year, the sector raised $551 million from the January-March period in 2024, a decline of 50% a year earlier. Register here for the ET MSME Day 2024 here

For non-resident Indians (NRIs), managing real estate in India can be a maze of unexpected challenges and hidden tax complexities. Imagine selling your property in India, only to realise that a hefty 20% tax is deducted at source, and the key to reducing this tax burden lies in past tax returns, you never knew you were required to file. 

New solutions are emerging in the crypto space that offer different and better ways to carry out financial transactions. These innovations are often different from the popular traditional options.

A fire at a South Korean crypto mining center destroyed “about 110” mining rigs, firefighters confirmed on June 24.

The Biden administration announced new steps to increase access to affordable housing

Five years after the 2018 Camp Fire killed 85 people and destroyed 90% of the homes here, residents of Paradise, California, face a new struggle: Finding homeowner's insurance