COST Financial News
31.05 / 01:23
COST
UPS
Citi
Waters
economy
country
Destinations
India's plan of becoming the fastest-growing G20 nation may hinge on the weather
India exists at all. By some miracle of human ingenuity and industry, a land area barely bigger than Argentina with less water than Colombia is able to support nearly a fifth of the world’s population. The record-breaking temperatures above 52 degrees Celsius (125.6 degrees Fahrenheit) in the capital New Delhi this week are a warning sign, however. The magic spell that has sustained this achievement is coming close to breaking. That’s an issue not just for those sweltering on the streets of the world’s second-biggest city, but for the path to wealth that 1.4 billion people hope to follow. India has a far poorer natural endowment of land than Europe, North America and China, the continental economies that preceded it on the road to riches. Even the fragile benefits that its citizens have managed to eke out of this unpromising soil might now be slipping further away, as climate change exposes its deep fragility and washes away the foundations of growth.
31.05 / 00:43
markets
COST
UPS
Provident
Experts
country
innovations
Indian AI firms may face extra costs as EU’s AI Act kicks in
compliance burdens and costs for Indian startups and businesses providing AI systems in that region and impact their competitiveness, experts said. The Act is expected to come into force by the end of June.
30.05 / 21:09
COST
Booking
film
consequences
reports
testing
'The Long Walk': Production to begin soon. Everything you may like to know about psychological thriller
Stephen King fans who are eagerly awaiting his next release. 'Collider' has reported that director Francis Lawrence is all set to begin the production of his next film “The Long Walk” in July. King is known for his skills in bringing intense and character-driven series onto the big screen. He has previously directed films such as “The Hunger Games Series” and “I am Legend”. The upcoming movie will be a psychological thriller that will test the physical limits of human endurance. Francis Lawrence will be adapting the movie from a book of the same name. Fans are eagerly waiting to see how the director is going to be adapting the book. The book has elements of dystopian horror and the director has also made it his trademark in various movies he has directed.
30.05 / 21:09
markets
COST
trends
performer
reports
Dhunseri Investments Q4 results : loss at ₹14.2Cr, Revenue increased by 156.26% YoY
₹14.2 crore for the quarter.In the same period of the previous fiscal year, Dhunseri Investments had recorded a profit of ₹16.27 crore, highlighting a significant reversal in financial performance.Compared to the previous quarter, the revenue growth stood at a substantial 281%, indicating a positive trend in the company's top line.The Selling, general & administrative expenses witnessed a notable increase of 96.65% quarter-on-quarter and a 21.9% rise year-on-year, reflecting potential cost management challenges.On the operational front, the operating income saw a decline of 6.81% sequentially and a significant drop of 112.73% year-on-year, signaling operational efficiency issues.The Earnings Per Share (EPS) for Q4 is reported at ₹-23.29, marking a decrease of 187.29% year-on-year, which could impact investor sentiment.In terms of market performance, Dhunseri Investments delivered negative returns of -4.8% in the last week, -5.32% in the last 6 months, and -1.31% year-to-date, underperforming market expectations.As of now, Dhunseri Investments boasts a market capitalization of ₹712.39 crore, with a 52-week high and low of ₹1631 and ₹675.1 respectively, indicating fluctuations in market valuation.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹-14.2CrQuestion : What is Q4 revenue?Ans : ₹278.37CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
30.05 / 20:23
30.05 / 20:03
COST
Action
security
awards
wellness
recommendations
High-risk alts burn client in $1.2 million arbitration
A former railroad worker whose financial advisor invested heavily in high-risk, illiquid alternative investments and equity indexed annuities this week won a $1.2 million arbitration claim decided by a three-person panel under the aegis of Finra Dispute Resolution Services, according to the award.
30.05 / 19:41
30.05 / 18:01
markets
COST
UPS
wellness
show
strain
Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7%
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices
30.05 / 18:01
COST
Manufacturing
Death
reports
Medline recalls 1.5 million adult bed rails following 2 reports of entrapment deaths
Medical supply company Medline Industries is recalling some 1.5 million portable adult bed rails across the U.S. and Canada, following two reports of entrapment deaths associated with the products
30.05 / 16:49
COST
Booking
Trade
performer
reports
Interviews
Are Tata Steel's Europe operations close to a turnaround?
Tata Steel Ltd will start generating operating profit from the latter half of this financial year, managing director T.V. Narendran said, once its blast furnaces are shut and the unit begins processing crude steel imported from India and the Netherlands. The company’s Dutch unit, also in the red in the March quarter, will turn an operating profit in the current quarter as full-scale production has resumed after lengthy maintenance work, Narendran said in an interview.
30.05 / 14:21
markets
COST
country
exclusive
reports
Interviews
Brookfield in talks to buy France's Neoen at US$6.6 billion valuation
Brookfield Asset Management Inc. is in exclusive talks to acquire a majority stake in Neoen SA with a view to launch a takeover offer that would value the French renewable energy developer at about €6.1 billion (US$6.6 billion).
30.05 / 14:21
30.05 / 13:27
30.05 / 13:27
30.05 / 12:21
COST
pandemic
show
track
country
reports
International
Takeaways from The Associated Press' reporting on seafarers who are abandoned by shipowners in ports
The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world
30.05 / 12:21
30.05 / 12:21
COST
Provident
BLOCK
economy
President
country
Qatar's offer to build 3 power plants to ease Lebanon's electricity crisis is blocked
Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricit...
30.05 / 12:21
COST
CEO
Mobile
Justice
Department
prevention
Investigations
Democrats urge Justice Department to prosecute alleged collusion and price-fixing by oil industry
Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Justice Department to prevent and prosecute alleged collusion and price-fixing in the oil industry
30.05 / 11:29
markets
COST
CEO
Research
country
reports
Rooftop solar installations fall 26% to 367 MW in January-March: Report
Rooftop solar capacity installations in India registered a 26 per cent year-on-year decline to at 367 megawatts during January-March period, mainly on account of rise in input cost, according to Mercom Capital. The country had witnessed 485 megawatt (MW) of rooftop solar installations during the first quarter of 2023, the research firm said in a report on Friday. India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said. India's cumulative rooftop solar capacity was 10.8 GW as of March 2024.
30.05 / 10:55
COST
Provident
Aware
prevention
rights
Personal loans for veterans: How are they different from regular ones? MintGenie explains
ALSO READ: Personal Loan Minimum Credit Score: What is the requirement? MintGenie answersChoosing the right financing option is not difficult provided veterans take care of the following details.The details of the loan, including the interest rate (fixed or variable), the monthly payment amount and deadlines, and any associated costs, are outlined in the fine print. Comprehending these attributes enables you to effectively manage your finances and prevent unanticipated expenses.Lenders often tuck extra fees or charges into the fine print.
30.05 / 10:21
markets
COST
Target
Man
Analysis
Research
reports
Billionaire Gautam Adani’s green targets questioned in Snowcap analysis
renewable energy unit of billionaire Gautam Adani’s empire is at risk of missing key growth targets unless it resorts to a share issue to consolidate its finances, according to a report by Snowcap Research. Adani Green Energy Ltd., a company within the sprawling conglomerate of India’s second-richest man, is falling short of its stated return targets, London-based Snowcap said in a 51-page report on Thursday. The lower returns, coupled with rising debt-financing costs, mean the firm may not have sufficient funding to meet its 2030 renewable energy goal. The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.
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