COST Financial News

09.05 / 18:13
COST WhatsApp reports shock Congress against govt move to deny MSP to farmers burning stubble
Congress has opposed the Centre's move to deny MSP benefits to farmers, especially of Punjab and Haryana, if they continue to burn farm stubble. Taking note of the ET report that revealed the Centre's plans in this regard, Congress said instead of taking a comprehensive view on the multiple reasons for pollution in Delhi, the government is planning to trouble farmers. «Now the outgoing Modi government has announced that farmers, especially in Punjab and Haryana, who burn stubble will not get MSP.
09.05 / 16:37
COST Provident Experts guidelines Equality Vaccines ICMR issues dietary guidelines for Indians, says 'avoid' protein supplements
ALSO READ: ICMR allowed to use drones for vaccine delivery trials in Manipur, Nagaland Drafted by a multidisciplinary committee of experts led by Dr Hemalatha R, Director, ICMR-NIN, the DGIs have undergone several scientific reviews and include 17 guidelines. The NIN mentioned that prolonged intake of large amounts of protein powders or consumption of high protein concentrate has been associated with potential dangers such as bone mineral loss and kidney damage.
09.05 / 16:37
COST UPS Booking economy reports SBI projects optimism in itself, economy after strong Q4
MUMBAI : State Bank of India (SBI) on Thursday expressed confidence in growing its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth, after delivering stellar results for the March quarter and FY24. “Once again, we have delivered excellent numbers," chairman Dinesh Khara told media persons after announcing the bank’s financial results on Thursday. “Our net profit for the fiscal year FY24 is the highest ever." However, India’s largest lender’s projected deposit growth of 12-13% for FY25 would continue to lag its expected growth in credit, a phenomenon plaguing the entire banking industry.
09.05 / 15:47
COST UPS Food Trade War show Wheat concerns as weather, geopolitics weaken stockpiles
Bad weather and war are threatening to keep the world’s wheat supplies under strain and reviving the specter of rising food costs. 
09.05 / 14:27
COST UPS security Parke hospital Department Tamil Nadu bans 23 'ferocious' dog breeds including Pitbull terrier
Tamil Nadu Animal Husbandry Department has announced a ban on 23 'ferocious' dog breeds including Pitbull terrier and Tosa Inu in the state The ban came days after a incident in Chennai where a Rottweiler dog bit and injured a child. In the incident a five-year-old girl was grievously injured when two pet Rottweiler dogs ferociously attacked her in a park. Later cops arrested three people, including the pet owner. The case was filed after the girl's mother said the owners of the dogs «acted carelessly».
09.05 / 13:49
markets COST Manufacturing wellness trends Trade Tyre stocks face selling pressure on lower FY25 volume growth forecast; MRF, Apollo Tyres, CEAT down 3-4%
ICRA, India's domestic tyre volume growth is expected to moderate to 4-6 per cent in FY2025 from an estimated 6-8 per cent in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment. ICRA anticipates domestic demand from original equipment manufacturers (OEMs) in certain consumer segments like passenger vehicles (PV) and two-wheeler as well as replacement to remain healthy, supporting overall tyre volume expansion in FY2025. While revenues would expand by 5-7 per cent in FY2025, high natural rubber prices and increasing crude prices are likely to moderate the tyre industry’s margins by 200-300 basis points (bps) in FY2025.
09.05 / 13:49
COST UPS wellness performer reports guidelines RBI’s infra financing guidelines no cause for panic, says PNB after record fourth quarter
NEW DELHI : State-run lender Punjab National Bank plans to seek clarification from the central bank on whether its draft guidelines proposing higher provisioning for infrastructure financing would be applicable for small loans as well. “There is no need to panic," said PNB managing director and chief executive Atul Kumar Goel while presenting the bank’s results for the March quarter and the 2023-24 financial year.
09.05 / 13:37
COST Provident FIVE Assurant Election Free pilgrimage to Ayodhya's Ram temple for 5 lakh people of Odisha if BJP voted to power: Himanta
Assam Chief Minister Himanta Biswa Sarma on Thursday said the BJP will ensure free pilgrimage of five lakh people from Odisha to Ayodhya's Ram temple if the party is voted to power in the eastern state. Addressing an election rally at Kalimela here, the senior BJP leader also took a swipe at the ruling BJD for naming villages with numbers in Malkangiri district. «In Assam, I have decided to take one lakh people to Ayodhya, and the state government will bear the cost. As Odisha is bigger than Assam, 5 lakh people should get this facility. A new BJP chief minister will facilitate this pilgrimage if the party is voted to power in Odisha,» Sarma said. Sarma also sought to connect with the large number of Bengali-speaking population in Malkangiri district, assuring the people that Bengali teachers will be appointed, among other promises.
09.05 / 12:49
markets COST Platform Trade reports mountaineering Suncor aims to gain 'unique' advantage from Trans Mountain pipeline
Suncor Energy Inc. says it will be banking on its trading platform to remove middlemen and directly negotiate with new customers to get a “unique” advantage once it starts shipping to additional regions through Canada’s now-operational Trans Mountain pipeline expansion.
09.05 / 11:43
COST UPS Provident Election EPF: Which claim form you should use? An explainer
I. When you are looking for an advance from provident fund account: In this case you need to apply for a composite form (aadhaar). For this you need to apply in form 14.
09.05 / 11:19
COST UPS Citizens wellness cover rights Should I buy a family floater plan for my senior citizen parents?
—Name withheld on request When it comes to insuring your senior citizen parents, it's crucial to choose the right health insurance plan. Now, you might be considering a family floater plan that covers everyone under a single policy. It sounds convenient, right? Well, not always.
09.05 / 10:17
markets COST UPS stage consequences Hero MotoCorp gears up for strong growth led by product mix, EV push
₹68,373. Sales volume surged 9.6%, driven by a 10.3% increase in motorcycles, which made up 93% of total volumes, with the remainder coming from scooters. Consequently, overall revenue growth stood at 14.6% in Q4, totalling ₹9,519 crore.
09.05 / 09:59
COST Strategy economy country guidelines Interviews Indian renewables may get costlier as RBI mulls changes
financing may add as much as 1 percentage point to the borrowing costs of renewables projects, according to a top consultancy firm, potentially causing a hike in wind and solar power prices in the country. Lenders will be needed to set aside as much as 5% of the capital they lend to infrastructure projects under construction, a draft by the Reserve Bank of India stipulates. That compares with the current norm of just 0.4% provisioning for standard assets. The allocation can come down to as low as 1% as the project matures and starts generating cash for repayment of the loan. Also Read: RBI's latest norms may derail Modi govt's flagship economy driver
09.05 / 09:27
markets COST Citi trends Trade International Gold Prices Akshaya Tritiya 2024: Why gold prices vary across cities?
Akshaya Tritiya approaches, several devotees buy gold on the occasion. Also recognized as Akti or Akha Teej in certain regions, Akshaya Tritiya holds significance for Hindu households worldwide. It symbolizes new beginnings and the welcoming of prosperity into one's life and household. The price of gold recently surged to record levels, with 24 karat gold surpassing the Rs 75,000 mark per 10 grams. Several factors contribute to the final amount a buyer must pay for a piece of gold jewelry, including the prevailing gold price, manufacturing charges, and the expenses associated with any diamonds or other gemstones incorporated into the piece. Given India's enduring tradition of buying gold during auspicious occasions like Akshaya Tritiya, it's crucial for individuals to conduct thorough research before making a purchase and understand how the price is determined for the precious metal.
09.05 / 05:01
markets COST UPS Digital Research recommendations Watch out, AI and GenAI are transforming e-commerce from the ground up
I have often written of the ethical and philosophical impact of AI and how it will shape our future. Now I focus on how AI has reshaped a category which touches our daily lives: e-commerce. AI researcher and entrepreneur Andrew Ng termed AI the “new electricity." Like a general purpose technology, it will power society and multiple businesses silently and behind the scenes.
09.05 / 05:01
COST UPS Citi Trade country Gold and silver prices today on 09-05-2024: Check latest rates in your city
gold in the last one week has been 0.0% .whereas in the last month it has been -0.86%. The cost of silver is Rs.0.0 per kg down by Rs.85100.0 per kg. Gold Price Today in Delhi is ₹73293.0/10 grams.
09.05 / 04:19
COST UPS FIVE Food reports Q4 results today: SBI, Asian Paints among 69 companies to announce earnings
State Bank of India (SBI) among 69 companies will announce their results for the quarter ended March 2024 on Thursday. Other companies investors will watch out for include Asian Paints, BPCL and Indian Overseas Bank. Apart from the above, Abbott India, ADF Foods, Ajmera Realty, Alkyl Mines, Alps Industries, Alembic Pharma, ASI Industries, Balgopal Commercial, Capital SFB, Care Ratings, Escorts Kubota, Grand Foundry, Gopal Snacks, HPCL, IOB among others will also release their March quarter numbers.
09.05 / 01:19
COST UPS CEO cover reports Canara Bank Q4 results: Net profit up 18% on retail growth, fall in provisions
MUMBAI Canara Bank, India’s fourth largest public sector bank by assets, reported an 18% increase in profit year on year led by growth in retail loans, other income and a sharp fall in provisions. Net profit increased to 3,757 crore in the quarter ended March, from 3,175 crore a year ago. Total advances increased 11% to 9.60 lakh crore, led by a 12% growth in retail loans and a 19% expansion in the financing of agricultural and allied activities. CEO K Satyanarayana Raju said the bank expects to deliver 11-12% loan growth in the current fiscal year despite conscious efforts to shed low-yielding corporate loans.
09.05 / 01:19
COST UPS Booking CEO Enterprise Piramal Enterprises back in the black on large tax write-back
MUMBAI: Piramal Enterprises (PEL), the non-banking finance company of the real estate and pharma group swung to a profit in the March quarter helped by a large tax write-back even as higher funding costs and continued paring of its wholesale loan book pressured earnings. The consolidated net profit was 137 crore from a loss of 196 crore a year earlier helped by a 1,203 crore tax write-back including the carrying forward of a loss of 10,627 crore, arising from the acquisition of the insolvent DHFL two years ago. The write-back also included tax gains from investments in alternative investment funds and other reversals, CEO Jairam Sridharan said. On an annual basis, PEL swung to a loss of 1,684 crore from a profit of 9,969 crore, due to the impact of AIF provisions during the fiscal.
08.05 / 21:57
COST UPS Citi community wellness Future of MLB's Tampa Bay Rays to come into focus with key meetings on $1.3B stadium project
The future of the Tampa Bay Rays is about to come into clearer focus as the St. Petersburg City Council begins discussions about the team's planned $1.3 billion ballpark

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