COST Financial News

Tata Motors on Friday announced its Q4 results. The leading electric vehicle maker has sold 73,800 EVs during the year, marking a 48 per cent increase as compared to FY23. It has also crossed a milestone of 1.5 lakh cumulative EV production. The automaker, which sees the phase of early enthusiastic buyers adopting passenger electric vehicles 'probably getting over', has now a new game plan to up its EV game. New EV Launches: Tata Motors plans to introduce new electric vehicle models, such as the Curvv EV, to expand its electric vehicle portfolio.

stock market, recent weeks have seen Indian benchmark indices take a notable dip, sparking concerns among investors about the stability of their equity investments. With the Nifty 50 dropping 1.87% and the S&P BSE Sensex tumbling 1.64% in just a week, many mutual fund investors are left wondering whether it's time to reassess their investment strategies. While market downturns are a regular part of the investment journey, they often serve as a reminder to reevaluate portfolios and consider potential adjustments.

tax-saving mutual funds that invest primarily in equities, offering investors the dual benefit of tax savings and potential capital appreciation. By investing in ELSS funds, individuals can avail tax deductions of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961.

gold in the last one week has been -0.15% .whereas in the last month it has been 0.74%. The cost of silver is Rs.84300.0 per kg up by Rs.1710.0 per kg. Gold Price Today in Delhi is ₹74322.0/10 grams.

Analysts at most top brokerages raised or retained share price targets on State Bank of India after the lender reported strong March quarter results. The stock fell 0.36% to close at ₹816.85. Analysts said the state-owned lender's results, which beat estimates, were driven by better net interest margins (NIM) and other income, but deposit growth was lagging. However, the management guided for loan growth of 13-15%, prompting analysts to raise estimates.

The United Auto Workers is aiming for a key victory at Mercedes-Benz in Alabama

The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would've drastically limited the fees that credit card companies can charge for late payment.

saffron supplies from Iran amid increasing geopolitical tensions in West Asia is benefitting Indian producers and traders of the spice, one of the costliest in the world. Prices of Indian saffron, which is cultivated in parts of Jammu and Kashmir, have increased by more than 20% at the wholesale level and about 27% in retail stores in the past month, producers and traders said. The best quality Indian saffron is now selling for Rs 3.5-3.6 lakh a kg in the wholesale market, compared with Rs 2.8-3 lakh before the start of the latest strife in West Asia, they said. It can cost as high as Rs 4.95 lakh a kg in retail, or the price of nearly 70 grams of gold at Friday’s rate of Rs 72,633 for 10 grams.

Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators

The Biden White House wants voters to know about its differences with Republicans over taxes

The average taxpayer is getting a $2,852 refund, $75 more than last year

Polish farmers have marched through downtown Warsaw to protest the European Union’s climate policies and to oppose the pro-EU government of Prime Minister Donald Tusk

Hindustan Unilever, Marico and Britannia said the impact of smaller regional brands which have been eroding their market shares in the past year has either moderated or halted after India's leading fast-moving consumer goods companies cut product prices to pass on benefits of lower production costs to consumers. «What we have seen of late is that while people (local brands) spread their wings, they started to feel the pressure in newer markets. And we have seen these shares stabilise of late,» said Varun Berry, Britannia's executive vice-chairman on an earnings call recently. According to market researcher Kantar, which analysed 13 categories across personal care, home care, and food and beverages, local companies operating in a single market grew their market shares nearly 13% in the year ended April 2023 compared to a 9% expansion of national brands in the same period. However, regional brands operating in more than two markets saw market shares drop by 2%, while that of unbranded firms fell 5%.

Breitbart Business Digest co-author John Carney discusses inflation remaining above the Federal Reserves target rate on Kudlow.

₹69,999, ₹84,999, and ₹99,999, respectively, with all prices being ex-showroom. These figures reflect a recent price cut by Ola Electric, making the S1 X one of the most competitively priced electric scooters in the Indian market. The 2 kWh battery pack in the S1 X delivers a certified range of 91 km on a single charge, with a full recharge taking 7.4 hours.

U.S. Treasury yields rose on Friday with no major catalysts to drive direction as traders waited on key inflation data for April next week to guide expectations of Federal Reserve policy. Yields hit one-month lows last week after a softer-than-expected employment report for April re-ignited bets that the U.S. central bank will make two 25 basis point interest rate cuts this year.

If you buy an electric vehicle rather than one with a gas engine, will it help the economy? The more common question is whether EVs help the environment. The answer is that they do, in terms of carbon emissions, albeit with wide variation depending on how the electricity that powers it is generated and where its battery materials come from. This has long underpinned government support in many countries, including the U.S.

Is a weak currency good for Japan’s stock market? It is complicated. A lower yen is traditionally seen as positive for Japanese stocks as it should make its exports more competitive. And this is certainly still true to some extent.

Reserve Bank of India (RBI) is likely to transfer approximately Rs 1 lakh crore to the government IN FY25 according to a report by Union Bank of India. The report said that RBI is anticipated to maintain a robust dividend payout for the fiscal year 2025 (FY25). This projection represents a slight increase from Rs 874 billion transferred in the previous fiscal year. «The government has budgeted the FY25 dividend for RBI and PSU banks & financial institutions at Rs 1020bn, vis-a-vis Rs 1044 bn in FY24. In our view, a positive surprise is likely, similar to last year when initial budget estimate for overall dividend was only Rs 480 bn» said the report.

global economy. From advanced automation and robotics to data analytics and artificial intelligence, technological innovations are revolutionizing every aspect of steel production and distribution. Forward-thinking leaders recognize the potential of these technologies to enhance efficiency, improve quality, and drive down costs.

Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs.