COST Financial News

42 Macro founder and CEO Darius Dale discusses whether Fed rate cuts will impact the resilient U.S. economy on 'Mornings with Maria.'

Life Ko Banao Rich. It wasn’t a phoenix, but observers could be forgiven for thinking so, given how the lender had risen from the ashes of its earlier mismanagement. This rebranding followed almost two years of discussions by the board of Yes Bank, now under the aegis of State Bank of India (SBI).

₹2 trillion as MSP – ₹35,000 crore more than what they got in the previous season, Union railways minister Ashwini Vaishnaw said while briefing the media on the cabinet decisions."The hike in MSP of kharif crops is in line with the PM Modi's third term vision of policy continuity to support farmers and boost their income," Vaishnaw added.Read Also: Budget 2024 Expectations: Agri-credit to fertilizer subsidy—here’s what agriculture sector expects this yearThe highest increase came for oilseeds nigerseed and sesamum.

₹30,000. What about the bloatware? You should be able to disable most Xiaomi apps and even then, some amount of bloatware is not a high price to pay for a product that can perform as well, if not better, than some iPads for less than half the price.With the Xiaomi Pad 6, you get the superfast Qualcomm Snapdragon 870 processor and the HyperOS experience.

Union Cabinet on Wednesday approved a viability gap funding (VGF) scheme for offshore wind energy projects with a total outlay of Rs 7,453 crore, including Rs 6,853 crore for installation and commissioning of 1 GW of such projects. The 1 GW offshore wind energy projects will be of 500 MW each off the coast of Gujarat and Tamil Nadu. The outlay also includes a grant of Rs 600 crore for upgradation of two ports to meet logistics requirements for offshore wind energy projects.

EU’s recently passed regulation, Ecodesign for Sustainable Products Regulation (ESPR) will lead to high costs and hurt exports from developing countries, economic think tank Global Trade Research Initiative (GTRI) said Wednesday. The ESPR mandates that imported products meet stringent sustainability standards, including a Digital Product Passport for traceability. ESPR will cover all products by 2030 but would begin with regulating items such as textiles, furniture, mattresses, tyres, detergents, paints, lubricants, iron and steel from January 2026. “ESPR will lead to high costs of products because of changes needed in production processes. Since most products covered are consumer products, the price rise may lead to inflation in the EU,” GTRI said.

Union Cabinet on Wednesday approved India’s 13th Major Port worth Rs 76,220 crores at Vadhavan in Maharashtra. The crucial project got a nod during the first meeting of the Union Cabinet after ministers were assigned portfolios last week. Speaking to ET, Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal said, “This is the first major infrastructure project of the third term of Prime Minister Narendra Modi as it ends the hiatus of major port development of more than two decades since then PM Atal Bihari Vajpayee inaugurated Kamarajar port at Ennore in 2001.” Major Ports are those which are governed by the centre. They comprise roughly 61% of India’s entire cargo 2604.99 million tonne per annum (MTPA) handling capacity. The remaining is with non-major ports that are under the administrative control of state governments.

Information & Broadcasting Minister Ashwini Vaishnaw while announcing the decision said, «Union Cabinet has taken a landmark decision by approving India's first offshore wind energy project. These will be 1GW offshore wind projects, 500 MW each (off the coast of Gujarat and Tamil Nadu). This is a big opportunity for India.» The successful commissioning of 1 GW offshore wind projects will produce renewable electricity of about 3.72 billion units annually, which will result in annual reduction of 2.98 million ton of CO2 equivalent emission for a period of 25 years, as per the govermnet.

Awfis, which went public last month, reported a net profit of Rs 1.3 crore for the January-March quarter (Q4 FY24), against a loss of Rs 13.8 crore a year ago. The Peak XV Partners-backed company saw its operating revenue grow by 45% year-on-year (YoY) to Rs 232.3 crore for the quarter.

Regional banks around the U.S. are striking complex and costly bargains with hedge funds, hoping to insulate themselves from a replay of the turmoil that followed Silicon Valley Bank’s failure last year. Wall Street smells a payday.

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

There was one thing missing when a wealthy Missouri couple purchased their oceanfront home overlooking Camden Harbor in Maine: The million-dollar view was blocked by a neighbor's trees

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

By Howard Levitt and Kathryn Marshall

New capital rules for Canada’s largest banks are expected to come with a raft of business and economic costs, potentially crimping lending and putting the banks on unequal footing with counterparts in the United States and Europe, according to a veteran analyst.

Vedanta, citing multiple positives such as operational efficiencies, cost reduction, improved EBITDA estimates and visibility on demerger along with capex plans driving the next phase of growth. The average of revised price targets given by the six brokerages and research firms such as Nuvama, Phillip Capital, IIFL, CLSA, Motilal Oswal Financial Services and Investec, is Rs 536, indicating a 19% upside over Vedanta's closing price of Rs 450.

Industrial real-estate companies have been showing more interest lately in the roofs of their structures, where warehouse operators are looking to cut energy costs, reduce emissions and even make money from the sprawling and mostly unused space by installing solar panels. Matt Schlindwein is taking his time adopting the technology, however. The managing partner of East Brunswick, N.J.-based industrial real-estate firm Greek Real Estate Partners said a fraction of the more than 300 warehouses he manages in the Northeast have solar panels on their roofs.

₹418 crore initial public offering (IPO) of DEE Development Engineers opened for subscription on Wednesday, June 19, and will remain open until Friday, June 21. The issue includes a fresh sale of 1.6 crore equity shares, valued at up to ₹325 crore, and an offer for sale of 0.46 crore shares, aggregating to ₹93.01 crore.The DEE Development Engineers IPO price band is set at ₹193 to ₹203 per share.

U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old accounting rules. The Financial Accounting Standards Board voted Tuesday, 7-0, to propose requiring companies to report cash amounts tied to their software costs and help them determine when to expense or capitalize costs.

The National Hotel & Lodging Association says a majority of hotels across the country are understaffed.

The price change in 24 carat gold in the last one week has been -0.69% .whereas in the last month it has been 1.91%.The cost of silver is Rs.87820.0 per kg down by Rs.190.0 per kg. Gold Price Today in Delhi is ₹73495.0/10 grams. Yesterday’s Gold Price on 18-06-2024 was ₹73663.0/10 grams.