COST Financial News

Tech Mahindra, has passed away at 85. Former Tech Mahindra MD and CEO CP Gurnani shared the news via the social media site X (formerly known as Twitter). “Heartbreaking news..

Hindalco Industries , Vedanta , National Aluminium Co. Ltd (Nalco) share prices have risen 54-133% in last one year. While Hindalco Industries share price scaled 52-week highs on Thursday, Vedanta and National Aluminium Co.

Karnataka Deputy Chief Minister DK Shivakumar questioned why the Prime Minister has not suspended the Lok Sabha MP who claimed that the Bharatiya Janata Party will change the Constitution if it wins more than 400 seats in the Lok Sabha elections. «We have a Constitution. Honourable MP Anantkumar Hegde said that they (BJP) will change the Constitution if they win 400 seats. I do not understand. PM Modi has said that, at any cost, he will not change the Constitution. I welcome it. But why has he (PM Modi) not expelled that Parliament member or whoever the party functionary is who announced that they are going to change the Constitution?» Shivakumar said speaking at a press conference on Thursday in Bengaluru. Responding to Prime Minister Narendra Modi's claim of Congress snatching away 'mangalsutra', Shivakumar said that gold prices increased from Rs 26000 to Rs 75000 during the BJP government.

One of the biggest worries of elders (above 60), who don’t have the security of a pension, is how to generate regular income for the rest of their lives. The other big problem is to ensure that the portfolio continues to grow (and beat inflation) and increase the portfolio longevity.

Gold prices edged higher on Thursday, supported by a softer dollar and lower Treasury yields after data signalled cooling U.S. inflation, bolstering bets for an interest rate cut by the Federal Reserve.

PM Modi's Nashik visit. “On August 19, 2023, the Union government had imposed a 40% duty on the export of onions. On October 28, 2023 a new decision was made instead requiring the exporter to pay the government $800 per tonne of onion instead.

New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers

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Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a year

Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team

Vodafone Idea (Vi), boosted by a recent equity funding, plans to open more retail outlets across this fiscal in a bid to grow sales and improve customer stickiness, crucial for the cash-strapped telco to intensify its competition against stronger and bigger rivals Reliance Jio and Bharti Airtel. «Our objective is to get as close to the customer as possible. We want to ensure our presence in all key markets and towns. In FY25, you will see us launching more Vi shops and Vi mini stores,» Abhijit Kishore, chief operating officer, Vi, told ET over email. Vi, promoted by the Aditya Birla Group and UK's Vodafone Group, has three formats of retail outlets — Vi stores, Vi shops, and Vi mini stores. The telco is also focusing on extensive automation and digitisation to connect with consumers across touch points.

'The Big Money Show' co-host Brian Brenberg weighs in on the change in costs since January 2021 and on the release of the April CPI.

Nirmala Sitharaman Wednesday said the government significantly increased the outlay for capital expenditure (capex) over the last 10 years to build quality infrastructure in the country, which had a significant multiplier effect on economy and investment, besides improving ease of living. She said the share of capex in overall expenditure went up to over 21% in 2023-24 as against just 12% in 2013-14 during the UPA regime, when infrastructure development remained grossly neglected. «Since 2014, our govt has allocated a total of ₹43.53 lakh crore in Gross Budgetary Support (GBS) capital expenditure, an increase of 3.72 times compared to 2004-14,» she said in a long post on social media platform X.

₹43.5 trillion for building infrastructure in the last 10 years, which boosted the economy through a multiplier effect, while lowering logistics cost for businesses, finance minister Nirmala Sitharaman said on Wednesday. The minister said in a social media post that better road connectivity attracts investments and boosts local businesses by improving market access and reducing logistics costs.

Jindal Stainless Ltd (JSL), the Abhudhay Jindal-led company on Wednesday, reported a 30% year-on-year (y-o-y) fall in consolidated net profit to ₹501 crore in the March quarter owing to compromised margins amid falling nickel prices and increasing shipping costs in light of the ongoing Red Sea Crisis. The company's consolidated net revenue stood at ₹9,454 crore, a 3% y-o-y fall from ₹9,765 crore during Q4FY23. The results missed Bloomberg analyst estimates of ₹9,605.2 crore and ₹577.50 crore for revenue and net profit, respectively.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

Covalent, the leading historical data availability network empowering 1000’s of customers and developers with its structured data infrastructure on over +225 chains in Web3, is aligning its innovative solution to meet the needs of future advancements of Ethereum, particularly in light of the Ethereum Improvement Proposal 4844 (EIP-4844). With Covalent’s robust infrastructure, users and developers can access a wealth of structured, verifiable data from an ever-growing repository of billions of data points, enriching over 280 million wallets to date and shaping the AI and DeFi industries with structured information.

Bolvin Wealth Management Group President Gina Bolvin discusses the move in commodities, expected inflation data, the housing industry and her outlook for consumers.

Purchasing a new car brings excitement to the entire family, as everyone looks forward to having the best vehicle for comfort. However, amidst this excitement, one crucial consideration that arises is the cost. While affordability may not be a concern for some when money isn’t an issue, it’s essential to factor in cost-saving measures both during the initial purchase and for long-term ownership when budget constraints come into play.

Securing a home loan is a major financial step and it’s crucial to have a comprehensive understanding of the entire process. A home loan offers excellent tax-saving opportunities, and recent budget changes have further enhanced their attractiveness.

Mint, Alex Sinclair, GSMA's chief technology officer, said BharatGPT could be a potential solution. An initiative by Reliance Jio in collaboration with IIT Bombay, the generative AI (Gen AI) platform aims to serve speakers of 14-plus Indian languages, including Hindi. Sinclair said that other GSMA members, such as SK Telecom, Deutsche Telekom, and Singtel, are already sharing AI models in their respective languages.