COST Financial News

Real estate developer Migsun Group is planning to invest Rs 500 crore in 4 mixed-use commercial projects. Spread cumulatively over 2 million sq ft, the projects have received the RERA approval. Three of the four projects are located along Yamuna Expressway, and one is in Greater Noida.

In recent years, the shift towards sustainable living has brought the electric vehicle (EV) industry into the spotlight. India is experiencing a significant surge in EV adoption, and there are compelling reasons why now may be the ideal time to consider purchasing an electric vehicle in the country.

JSW Steel Ltd on Friday reported a 64.54% fall in its consolidated net profit for the March quarter to ₹1,299 crore mainly due to higher coking coal prices. The Sajjan Jindal-led company’s consolidated revenue from operations fell 1.5% year-on-year to ₹46,269 crore. A Bloomberg poll of analystshad expected JSW Steel to post a profit of ₹1,661.35 crore for the March quarter on revenue of ₹44,676.34 crore.

Canadians hitting the road this May long weekend won’t need to worry too much about a big jump at the gas pump before making their trip, but analysts say those hoping for a drop likely won’t see one, either.

credit rating. Higher the rating, the safer the instrument and conversely, the lower the rating, the riskier the investment. However, one may wonder what are the criteria based on which these agencies such as CRISIL and ICRA rate the financial products.

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

Mansion Global host and Fox News real estate contributor Katrina Campins weighs in on February housing data and the NAR proposing new commission rules.

Indian Oil Corp Ltd (IOCL), India's largest oil marketing company has completed the Rs 148 crore deal to acquire oil and gas company Mercator Petroleum, its first acquisition through the insolvency and bankruptcy code (IBC). The deal was completed on Tuesday after the company transferred the amount to lead lender Bank of Baroda (BoB), people familiar with the matter said. The Rs 148 crore deal amounts to about 31% recovery for total admitted dues of Rs 482 crore. Secured creditors are to receive Rs 135 crore for their admitted claims of Rs 291 crore, while operational creditors including employees and vendors are to receive Rs 5.40 crore against their total admitted claims of Rs 73 crore. IOCL is also supposed to bear the process cost of Rs 8.7 crore. “The money was received and distributed among the creditors this week. There are some procedural things to be completed before IOCL will be given complete charge of the company in the next week or so,” said a person familiar with the deal.

McDonald’s is planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices

The United Auto Workers union faces the latest test of its ambitious plan to unionize auto plants in the historically nonunion South when a vote ends at two Mercedes-Benz factories near Tuscaloosa, Alabama

The price change in 24 carat gold in the last one week has been -0.34% .whereas in the last month it has been 0.26%. The cost of silver is Rs.86400.0 per kg up by Rs.1640.0 per kg. Gold Price Today in Delhi is ₹75127.0/10 grams.

The Biden administration’s profligate spending—driving unprecedented trillion-dollar deficits during a full-employment, peacetime economy—has naturally required an increase in borrowing. But the size of Treasury issuance is only one aspect of U.S. borrowing.

Crompton Greaves Consumer Electricals, one of the leading consumer companies in India, saw its shares surge by 15% during early morning trading today, reaching a 20-month high of ₹390.40 per share. This increase followed the company's impressive performance in the March quarter, surpassing street estimates, largely due to heightened demand for its fans and air coolers.

More couples are choosing to secure their financial future from unwarranted healthcare expenses by opting for comprehensive maternity coverage as they plan to welcome a baby into their family. Growing awareness of rising healthcare costs among wannabe parents has led to an 80 per cent YoY increase in maternity plans in FY24, according to PolicyBazaar data.

Japan and the United States on Wednesday signed an arrangement to jointly develop a new type of missile defense system as the allies seek to defend against the growing threat of hypersonic weapons, which are possessed by China and Russia and being tested by North Korea. The project was initially agreed between Japan's Prime Minister Fumio Kishida and U.S. President Joe Biden at their summit last August and reaffirmed between the leaders during Kishida's April visit to Washington. The Glide Sphere Interceptor is planned for deployment by the mid-2030s. Wednesday's agreement determines the allocation of responsibility and decision-making process, a first major step in the project, Japanese defense ministry officials said. They hope to decide on Japanese contractors and start the development process by March 2025.

The Department of Labor has announced updates aimed at improving the distribution of retirement plan assets to workers and retirees from bankrupt companies.

Cetera Financial is beefing up investment in its advisory business with a raft of key appointments.

David Burke Hospitality Management President David Burke breaks down the cost of restaurant inflation on 'The Claman Countdown.'

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renewable energy secretary Bhupinder Singh Bhalla reiterated India's position as a global leader in renewable energy affordability, emphasizing the nation's low cost of renewable energy. Bhalla highlighted India's integrated grid infrastructure as a key enabler for the seamless integration of renewable energy sources into the national energy mix while speaking at the World Hydrogen Summit 2024 in Rotterdam, Netherlands. He assured the global industry of India's capability to meet any scale of production provided there is sufficient market demand and support, a government statement said.

Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined