COST Financial News

13.05 / 17:11

markets COST performer country Latin industry growth Suzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth

Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country.

13.05 / 16:07

markets COST UPS WhatsApp Jindal Steel Q4 Results: Profit doubles in March quarter on lower costs

The company produced 2.05 million, and sold 2.01 million tonnes of steel during the quarter. This compares to production of 2.02 million, and sales of 2.03 million tonne in the comparable quarter in the previous year. Of this, exports accounted for around 11% of the total sales, the same as the previous year.

13.05 / 15:23

markets COST UPS Manufacturing Food Govt works out plan to dispose of excess rice procured

rice that is distributed free to the poor under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKY), two officials said. The proposal was seen as too expensive and labour intensivein the absence of sifters, graders and other machinery. Proposals on the table now includes increasing the allocation of rice under PMGKY, giving free food to employees of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), and reducing the price of rice under the open market sales scheme (OMSS).

13.05 / 14:27

COST FIVE Booking Pool reports Schools Zomato sees Esop costs rising on grant of stock options to Blinkit leadership

Zomato’s costs on account of its employee stock ownership plan (Esop), which almost doubled year on year to Rs 161 crore in the March quarter, are expected to rise further.

13.05 / 12:49

COST UPS Digital Booking trends performer reports Banks had a blockbuster quarter. But don’t let that fool you

₹20,698 crore in Q4, which is not only its highest-ever figure but also the biggest quarterly profit by any Indian bank. SBI also pipped India’s most valuable company Reliance Industries, which had logged a net profit of ₹18,951 crore in the quarter. Another state-run lender which delighted investors was Punjab National Bank, whose net profit soared almost three-fold to ₹3,010 crore, propelled by a jump in interest income and declining sour loans.

13.05 / 12:27

markets COST UPS economy Trade Cycling Traders hold firm on EM currency debt despite Fed

Money managers are digging in their heels over a popular emerging-market bet in early 2024 even as the trade has unraveled five months into the year.

13.05 / 11:37

markets COST UPS Digital Google Mobile Airtel ties up with Google Cloud to offer cloud and gen-AI solutions to Indian businesses

Also read: The cloud is building; will TCS, Infosys, Wipro get showers of joy? Airtel will also leverage Google Cloud’s generative AI capabilities to transform its customer experiences and interactions across mobile, broadband and digital TV, and to streamline its internal processes and operations. Airtel will also extend these capabilities to its B2B customers in India and around the world.

13.05 / 10:39

COST Provident Align Bill cover Investigations Considering taking a personal loan for medical expenses? Keep these 3 key factors in mind

A frequent use of personal loans is covering medical expenses, which many people opt for. Here's the rationale behind this choice:

13.05 / 10:25

markets COST wellness 2020 Courts rights Supreme Court admits petition on imposition of GST on joint development pacts

Supreme Court of India has admitted a petition challenging imposition of the Goods & Services Tax (GST) on the transfer of development rights within joint development agreements between realty developers and landowners.

13.05 / 09:05

COST Progressive economy Nov reports Department This Week: Producer prices, inflation check, April retail sales

The Labor Department releases producer price data for April on Tuesday, and its April report on consumer prices on Wednesday

13.05 / 08:53

COST Provident security wellness prevention Courts GST on corporate guarantees: Taxmen believe clarity will emerge only in SC

GST on corporate guarantees between two related entities will emerge only after the supreme court gives its final word on the subject, and until then, holding companies are likely to keep getting demand notices, a section of GST officials told ET.

13.05 / 07:39

COST economy Boeing reports BoE forecasts UK GDP will continue to grow despite elevated interest rates

News about growth comes despite elevated borrowing costs. According to a monetary policy report published on Thursday (9 May), the BoE is set to slowly cut rates from 5.25% to 3.75% by the end of Q2 2027. The latest BoE projections expect GDP to expand by 0.9% in Q2 2025, 1.2% in Q2 2026, and 1.6% in 2027. Last Wednesday (8 May), the Monetary Policy Committee voted by a majority of 7-2 to keep interest rates unchanged at 5.25%. UK growth 'outpaces' US and eurozone for first time in three years as economy grows 0.6% in Q1 However, interest rate forecasts continue to remain elev...

13.05 / 07:37

COST UPS Provident economy Align social Updates India should raise minimum wages or adopt a living wage approach

₹176 ($2.1) per day, last updated in 2017, is one of the lowest in the Asia-Pacific region, surpassed by China’s $11.9, Vietnam $6.5 and even Bangladesh’s $3.7. Brazil’s minimum wage of $47 per day is closer to the figure in developed economies like Australia ($14.8 per hour), the UK ($14.1) and the US ($7.2). While India’s minimum wage remains unchanged, the government routinely updates its dearness allowance (DA) for central government employees.

13.05 / 07:11

markets COST economy President reports rights Are US interest rates high enough to beat inflation? The Fed will take its time to find out

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

13.05 / 06:17

markets COST UPS Sustainability Experts performer reports ABB India share price jumps over 8% to touch 52-week high following strong March quarter results. Is it time to buy?

ABB India share price surged over 8% to touch a 52-week high on Monday's session following its March quarter results. ABB India reported a more than 87% spike in net profit to ₹460 crore in the March 2024 quarter, driven by greater revenues. The previous fiscal year's similar quarter earned a profit after tax of ₹245 crore, according to a company's exchange filing.

13.05 / 06:13

COST Mobile awards stage reports Tax time tactics: Reporting Reits, Invits, and RSUs

—Name withheld on request

13.05 / 06:13

COST UPS Provident security Diversity tenor prevention A home loan top-up can help borrowers get extra funds, says Kathuria of Easiloan

Interest rates are typically lower compared to those of personal or home loans, says Pramod Kathuria, Founder and CEO, Easiloan.

13.05 / 02:13

COST UPS Booking Opinion wellness performer SBI: A balance of performance and valuation

SBI management was how long and how far RoE can be stretched without diluting equity. The management appears confident of avoiding equity dilution and articulated well to convey that cost of equity is much higher than cost of debt as the equity investor expects higher returns than the debt investor. In their opinion, the existing capital adequacy position should be able to support about 20% expansion in loan book from ₹37 trillion as of March 2024.

13.05 / 00:33

markets COST Provident security performer track inclusion Rupee bonds likely to outperform US and other developed markets

Foreign investors in local markets have historically factored in the rupee's depreciation versus the US dollar, but stronger macroeconomic fundamentals, sweeping improvements in market infrastructure, and formidable central bank reserves have started to reverse that template, a top DBS Bank executive said. «Vis-a-vis, the rest of the world, the earlier story of a regular rupee depreciation will start to dissipate. While we are going to be a function of global markets, the rupee bonds will actually outperform the US and the rest of the developed markets,» Ashhish Vaidya, head, treasury & markets, DBS Bank, told ET.

13.05 / 00:33

markets COST UPS Actor innovations International Fintech regulations to help those who follow rules: QED’s Nigel Morris

How RBI is upping the scrutiny on credit cardsIncreased regulation in the Indian fintech sector will significantly benefit the industry by driving away bad actors and enhancing the competitive advantage of those who abide by the rules, said Nigel Morris, managing partner, QED Investors. In an exclusive interview to ET, he said that the recent clampdown by India’s central bank on various segments of new-age financial services was a move in the right direction and that it did not deter investors with vast operating experience such as his firm from betting on Indian fintechs.

13.05 / 00:15

COST UPS Citi pandemic reports Schools Courts ‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes

BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for about eight years ago.

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