COST Financial News

₹78,000. The intent and messaging of the scheme’s ‘300 free units’ is clear. The government aims to address energy equity, with the dual benefits of boosting household incomes and promoting energy security.

₹230 per share from ₹170 earlier largely driven by Blinkit and has retained its ‘Buy’ rating on the stock. It values the food delivery business at ₹121 (DCF basis), Blinkit at ₹90 (DCF basis), and cash and other investments at ₹18 (book value).

Also Read: Income tax: Home loan benefits when two houses are self-occupied The lender establishes an overdraft limit, usually matching your home loan balance. You are provided with a linked savings or current account to oversee the overdraft. You also have the option to deposit additional funds into this account, which will be used to prepay your home loan and lessen your interest payments.

companies embrace digital trends. ER&D is the process of turning ideas into tangible products, services, and processes. Now, this segment is evolving from just design and deployment to include maintenance, regular updates, and continuous data analytics.

Mint. “Investors are looking to fund companies and entrepreneurs who are willing to be not only just digital D2C but omnichannel." There are currently about 10,000 D2C brands in India. Buying behaviour changed during covid, and in 2021 about 100 Indian D2C companies raised more than $2.1 billion dollars.

ALSO READ: UK appoints its first woman high commissioner to India MAC stands for migration advisory committee that is tasked with the job of reviewing post study work visas. This visa, if axed, will deprive international students from India, and elsewhere, of continuing to stay in the UK after their studies have finished. So, this is likely to have a far-reaching impact.

Gold price, which is trading at Rs 71,502 for 10 grams of gold with 999 purity, has witnessed a remarkable rise in the last one year; it has grown by around 18% from Rs 60,616 on previous Akshaya Tritiya (which was on April 22, 2023), according to the India Bullion and Jewellers Association. If we take a 5-year period, then gold has risen 2.25 times since the Akshay Tritiya day of May 7, 2019, when the price was Rs 31,729. This year, Akshaya Tritiya falls on May 10. However, gold price recently fell to Rs 71,502, after crossing the Rs 73,000 mark. It has raised concerns among investors whether the price would fall further. So, is this Akshaya Tritiya the right time to invest in gold?

The price change in 24 carat gold in the last one week has been -0.76% .whereas in the last month it has been 0.12%. The cost of silver is Rs.82590.0 per kg up by Rs.82590.0 per kg. Gold Price Today in Delhi is ₹73218.0/10 grams.

Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to raise bets of an interest rate cut from the Federal Reserve later this year.

Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from recent Fed commentary is that unlikely and inconceivable are not the same thing. After the central bank held rates steady at 5.3% last week, Fed Chair Jerome Powell delivered a news conference where what he didn't say mattered.

Tata Motors: The vehicle manufacturer is set to announce its Q4 results on May 10, with expectations of strong results due to volume growth, improved performance of its British unit JLR, and favourable commodity prices. The company's consolidated net profit is projected to rise by 33% to ₹7,084 crore, and revenue is likely to increase by 15% to ₹1.22 lakh crore. The growth is attributed to expansion in JLR and positive growth in India's PV and CV divisions.

Inflation is continuing to take a financial and mental toll on retirees, with nearly 70 percent concerned about outliving their savings, according to the Schroders 2024 US Retirement Survey.

Canada’s renters are showing more signs of financial stress amid rising debt costs than homeowners facing higher mortgage rates, according to a new analysis from the central bank.

generative artificial intelligence (gen AI) proofs of concept (PoCs) in India went into production in fiscal year 2024, according to estimates by consulting firm EY India. Additionally, 15-20% of domestic enterprises and 30-40% of global capability centres (GCC) of multinationals have rolled out gen AI PoCs, EY's analysis of the last two quarters showed.

Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic's financial impact. Domestic two-wheeler sales totalled 17.9 million units in FY24, recovering from a low of 13.57 million units in FY22 but falling short of peak sales of 21.18 million units in the pre-Covid year of FY19. Venu said the Indian economy is in a «good situation» with inflation under control, which will drive consumption going forward.

A bill passed by the South Carolina House that power companies said is vital to keep the lights on in the state has been turned into an expression of support in the Senate

The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale

Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China

BJP MP Lok Sabha Raosaheb Danve from Jalna, the epicentre of the Maratha protests, is battling anti-incumbency and anger from the Maratha community. Although Danve is a Maratha, his community is miffed with the BJP as it blames the party for not including the community in the OBC category for reservation in jobs and education. The Maratha protests had its epicentre in Jalna where Maratha leader Manoj Jarange Patil first began his indefinite fast from Antarvali Sarati village demanding that the Maratha community be included in the OBC category. Danve's victory over the last two elections over his Congress rival Vilas Autade has been more than 2.5-3 lakh. But this time, there could be a tough contest. For starters, the Congress has dropped Autade and given the ticket to Kalyan Kale who contested against Danve in 2009 and lost. Danve's victory against Kale was by a margin of just 8,482 votes. Kale was a two-term MLA from Phulambri assembly constituency.

Bank of England (BoE) moved closer to cutting interest rates from a 16-year high after a second policymaker voted for lower borrowing costs and Governor Andrew Bailey said he was «optimistic that things are moving in the right direction.» Deputy Governor Dave Ramsden joined external member Swati Dhingra in calling for an immediate cut in the base rate from its current level of 5.25%, where it was held for the sixth straight meeting.

The Bank of Canada is raising concerns about the impact of higher interest rates on renters while acknowledging that, even as most households appear to be managing increased debt servicing costs, there are still many mortgage holders who will face large payment increases when they renew over the next two-and-a-half years.