COST Financial News

The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country

₹7,904 crore, the company said in a statement. It did not reply to a Mint query on how much it has prepaid in total.The move will save costs for the No 2 telco which was paying the highest interest rate of 9.75% and 10% for auction years 2012 and 2015, respectively.In the 2015 auctions, Airtel acquired 111.6 MHz of spectrum for ₹29,130.20 crore.

When Blackstone Inc. put a portfolio of student dorms up for sale, it worked behind the scenes to make the deal even more attractive.

With inflation having driven up costs for registered investment advisors in the past year, finding things that have actually become less expensive is always welcome.

Crypto hardware wallet firm Trezor announced the release of its latest flagship device the Trezor Safe 5 (TS5) for crypto storage.

A Fund of Funds (FoFs) is a mutual fund that invests in other mutual funds or ETFs instead of directly in stocks, bonds, or other securities. They come in various types, such as equity-oriented, debt-oriented, hybrid, international, thematic or sectoral, ETF-based, and commodity fund of funds, each catering to different investor needs and offering diversification.

Solar Industries, based in Nagpur, has delivered the first batch of indigenously developed Nagastra-1 Loitering Munitions to the Indian Army, marking a significant milestone in India's defense preparedness and self-reliance in military technology.

₹366 crore. The deal is structured with nearly three-fourths of the total consideration paid using 360 ONE’s equity and the remaining in cash. This deal will result in just 1% equity dilution for 360 ONE, given its market capitalization of approximately ₹28,700 crore.

In downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home

Suven Pharmaceuticals share price gained more than 5% in the morning trades on Friday post its announcement regarding acquisition of Hyderabad based CDMO firm Sapala Organics on Thursday post market hours.Suven Pharma share price that opened at ₹695.00, higher than previous close of ₹667.95, gained further more to ₹705 levels in the NSE, marking gains of more than 5%.Suven Pharmaceuticals announcement on the exchanges said that that it has executed definitive agreements on June 13, 2024, for acquiring 100% of equity shares (on a fully diluted basis) in Sapala Organics Private Limited.Also Read- Kotak Institutional raises target price for Adani Ports and SEZ to ₹1,650, says outperformance can continue for longThe Hyderabad based Sapala Organics is contract development and manufacturing organizations (CDMO) that is focused on Oligo drugs and nucleic acid building blocks including Phosphoramidites & Nucleosides, drug delivery compounds (including GalNAc), Pseudouridine, amongst others.Suven Pharmaceuticals in its presentation highlighted that Sapala Organics sales stood at ₹67 Crore with more than 45% Ebitda margins in FY24. Ebitda stands for Earnings before, Interest, Tax, Depreciation and amortisation.Sapala Organics has a customer-base across the US, European Union and Japan; partnering on their New Chemical Entity (NCE) programs across project lifecycle.

gold in the last one week has been 2.04% .whereas in the last month it has been 1.98%.The cost of silver is Rs.88110.0 per kg down by Rs.260.0 per kg.Gold Price in Delhi is ₹73444.0/10 grams. Yesterday’s Gold Price on 13-06-2024 was ₹72802.0/10 grams. and last week’s gold price on 08-06-2024 was ₹74286.0/10 grams.Silver Price in Delhi is ₹88110.0/Kg.

Adani Ports and Special Economic Zone (ADSEZ) to ₹1,650 per share, up from the previous target of ₹1,550. The upgrade is based on the company’s continued outperformance in FYTD24.

Also Read: Is a 40-50% hike in annual health insurance premium on renewal possible?The insured can return a health policy with a tenure of one-year and more in the first year in 30 days if she/he does not find it useful and can decide on the order of making claims in the case of having multiple policies. The insurance coverage should be available in all kinds of hospitals including affordable ones and there should be no denial of coverage in emergency situations, IRDAI stated in its master circular issued on May 29.

₹10,422 crore. Ambuja Cements shares rallied as much as 3.86% to a fresh high of ₹690.00 apiece on the BSE.

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

₹1,660.15 crore in the JV. “NGEL has a tie-up with IOCL. It is also taking to HPCL and Hindalco, among a few others.

₹51 trillion and a market share of over 61.5% in life insurance, is keen to secure a composite licence—a licence planned to be introduced by the Insurance Regulatory and Development Authority of India (Irdai) that will allow an insurer to sell both life and non-life policies. “For LIC, this makes sense. The work is on internally.

The California Legislature is signaling that it could cancel a $400 million loan payment to help finance a longer lifespan for the state’s last nuclear power plant

Rolling out an automatic tax filing system would mean Canadians receive more than a billion dollars each year in currently unclaimed benefits from not filing their tax returns, according to the federal fiscal watchdog.

Inflation in the US is reducing steadily though not substantially. This has raised questions about the worthiness of gold as an investment option. Many analysts have responded positively when asked about the option of investing in gold in the current scenario and the tendency for it to appreciate and yield high returns. Apart from the various economic reasons, many upcoming policy related decisions and current geopolitical risks support investments into this metal. Generally, gold is considered to be a safe investment option and many countries also hold on to the reserves, as part of a larger macro-economic framework. Inflation Cooling:

State Department has announced a pilot project to facilitate online renewal of passports. This will enable Americans to apply for a passport from the comfort of their homes without having to step out and submit the forms physically. There are many requirements for this process and not all are eligible. Further, there will be a limit on the number of applications which are accepted every day. Pilot Project: