COST Financial News

Stocks to buy: In the aftermath of the recent downturn in the Indian stock market, many quality stocks, despite their strong fundamental and technical perspectives, experienced profit-booking. This situation presents an opportunity for investors, as these stocks are expected to generate alpha returns when the Indian stock market bottoms out.

steady inflation in April was supported by a favourable base effect. On a month-on-month basis, Consumer Price Index (CPI) rose 0.48% in April from the previous month, marking the fastest month-on-month increase since November 2023. This increase was primarily driven by significant rises in specific categories: food prices increased by 0.74%, pan, tobacco, and intoxicants by 0.44%, and housing by 0.95%.

demat accounts. Also Read: Finelistings Tech Listing: Stock makes muted market debut, lists with a mere 3.25% premium at ₹127 Individuals who received shares will have their demat accounts credited on Tuesday, May 14.

gold in the last one week has been -0.38%, whereas in the last month it has been 0.72%. The cost of silver is Rs.83660.0 per kg down by Rs.720.0 per kg. Gold Price Today in Delhi is ₹73607.0/10 grams.

₹182.10 apiece on the BSE. The food delivery platform Zomato reported a consolidated net profit of ₹175 crore in the fourth quarter of FY24 as against a loss of ₹188 crore in the same period a year ago. The net profit grew 27% from ₹138 crore posted in the December quarter.

₹23 billion for immediate release to the region to quell a simmering unrest. The Awami Action Committee has called for the protest.

Gold prices were flat on Tuesday, as investors awaited key U.S. inflation data that could provide more clues on the Federal Reserve's policy path.

A protest against rising costs of food, fuel and utility bills has turned violent in Pakistani-controlled portion of Kashmir, leaving a police officer dead and dozens of people injured

The vote followed what the union called “over a year of negotiations."

Schools across the U.S. are increasingly turning to artificial intelligence and video cameras to spot guns

A federal fraud trial has begun for the owner and chief financial officer of a hedge fund that collapsed

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling

Skeptics betting against video-game retailer GameStop Corp. are facing a more than $1 billion loss after the company’s share price roughly tripled this month.

Trinamool Congress will ensure that the INDIA bloc comes to power, West Bengal CM Mamata Banerjee on Monday said that «INDIA bloc will win at least 315 seats while the BJP will win a maximum of 195 seats.». «There will be no Modi in Delhi. Didi is with the people here. Didi will ensure that the INDIA bloc comes to power at the Centre. Based on the numbers I received till yesterday, they will get around 190-195 seats. INDIA bloc will get 315 seats,» Banerjee said while speaking at a rally in Bangaon Lok Sabha constituency in North 24 Parganas district. «Modi Is not coming to power this time… The polling so far has been good. That is why the leaders of the ruling party at the Centre are scared. They have realised that Modi will not be back as the Pm. They should not brag about 400 seats anymore,» Banerjee said.

Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

banks, led by state-owned ones, had their best year in fiscal 2024 as growth remained robust and bad loans were at a decadal low, but the current fiscal could be more challenging amid a likely slowdown in credit growth, analysts said. Regulatory changes in unsecured consumer loans as well as new provision norms on project finance and expected credit losses (ECL) as the regulator tightens norms to avoid accidents are expected to impact credit growth. Net interest margins (NIMs) are also likely to remain under pressure because of higher deposit rates that will impact banking profit growth in the current fiscal, analysts said.

India's diesel exports to Europe fell by a fifth sequentially in April as rising competition from US and Gulf suppliers amid softening demand in the continent weakened margins on the fuel. Diesel exports to Europe declined to 210,000 barrels per day (bpd) in April from 262,000 bpd in March, according to energy cargo tracker Vortexa. Europe consumes more than 40% of India's diesel exports. India's overall diesel exports fell 9% to 517,000 bpd in April from 567,000 bpd in March. Exports to Asia, however, rose 33% to 69,000 bpd in April from 52,000 bpd in March.

Knight Frank released its report, 'Think India Think Retail 2024'. It has an ominous warning for shopping malls across the country. 'Ghost shopping malls with vacancy rates of 40% or more rose from 57 in 2022 to 64 in 2023 across eight major cities, with larger shopping centres preferred for an outing, and online shopping taking away some old retail charms,' states the report. There was a 238% y-o-y increase, it added, in the gross leasable area (GLA) of all shopping centres in prime Indian markets in 2023, even as ghost malls rose in number. Big retail in India needs reinvention. The mall as a massive real estate complex is an American idea that goes back to a combination of consumer boom, timescape, landscape and culture that suited the West rather than India. Mall culture is changing in the West itself. If an American works five days a week, with kids to raise and without help at home in sparsely populated cities, the mall may still be the place to catch a movie or for shopping. However, land costs and rentals were not real issues in the US, compared to disposable incomes that generated suitable demand.

Prime Minister Justin Trudeau’s government pulled back on a threat to hit some real estate investment trusts in Canada with a new tax regime after opposition from the industry.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'