COST Financial News
04.05 / 02:55
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Amazon Great Summer Sale 2024: Avail up to 51% discount on water coolers and purifiers from top brands
Also read: Best Voltas water coolers: Buy one from top 10 options for chilled drinking water in summer The Aquaguard Sure Delight NXT RO+UV Water Purifier is among our top picks for your water purification needs. This water purifier, available at an offer price during the Amazon sale is designed for borewell, tanker, and municipal water and can remove 30 times more impurities compared to local purifiers. The Livpure Allura Water Purifier is a great investment for clean drinking water.
04.05 / 02:15
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Garena Free Fire Max redeem codes for May 4, 2024: Win free skins, weapons, diamonds and more
Garena Free Fire Max redeem codes are 12-digit combinations of capital letters and numbers that allow players to access a range of in-game items, including skins, weapons, and character enhancements, without paying any additional cost. These codes also serve as a strategic marketing ploy for helping foster a sense of excitement and reward within the game's loyal community.
04.05 / 02:15
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Gold price dips ₹3300 from record high. Should you buy as US non-farm payroll data fails to beat estimates?
Gold rate today: Following the ease in the Iran-Israel conflict and a dent to the US Fed rate cut buzz in the near term, gold price declined for the second straight week. Gold future contract for June 2024 expiry on the MCX finished at ₹70,677 per 10 gm, logging a weekly loss of ₹809 per 10 gm against the previous Friday's close of ₹71,486 per 10 gm. However, if we compare MCX's gold rate today with its record high of ₹73,958, which climbed on 12th April 2024, the gold price today is around ₹3300 per 10 gm lower than its record high.
04.05 / 00:45
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Manufacturing
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performer
Heatwaves to result in production loss in heat-intensive industries
Also read | Input costs, election, Chinese imports to weigh on steelmakers' Q4 Similarly, the manufacturing process of engineering goods involves heat-intensive processes. Casting, forging, and welding are common processes used to shape and assemble metal components—all of which require high temperatures. Plastic materials, too, are melted at high temperatures and then moulded into desired shapes.
03.05 / 21:27
03.05 / 18:57
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information
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Department
Investigations
Corporate affairs ministry bats for effective cost audits to curb corporate frauds
corporate affairs ministry has underscored the importance of effective and timely cost audits to curb manipulation by unscrupulous elements, a development that comes amid increasing bids by fraudulent companies to mislead authorities with dodgy information about inventory value or related party sales. In a communication for stakeholders, the ministry said any discrepancies between the inventory value presented in the financial statements of companies and the cost audit report raise red flags, indicating potential misrepresentation of facts. «Companies often overvalue inventory to mislead banks and financial institutions into providing higher credit facilities or loans,» it said. «Similarly, companies understate sales to related parties, resulting in undervaluation to reduce GST (goods and services tax) liability, ultimately causing a loss of revenue for the government.» The ministry said that from detecting discrepancies in inventory valuation to exposing misleading financial statements, the utility of cost audit in investigations extends far beyond the realm of mere cost control. Compliance requirements and data use Section 148 of the Companies Act, 2013, empowers the government to mandate certain classes of companies in 39 industries to maintain cost records. Such companies are required to e-file cost audit reports with the ministry, which are monitored by its Cost Audit Branch.
03.05 / 18:57
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International
Govt mulls survey to estimate cost of logistics incurred by businesses
The Department for Promotion of Industry and Internal Trade (DPIIT) plans to engage the National Council of Applied Economic Research (NCAER) to conduct a primary survey to assess cargo movement patterns and the cost of logistics for each component involved, they said. Last year, the think tank had estimated India's logistics costs in 2021-22 at 7.8-8.9% of the GDP, based on secondary data. «We will do another exercise along with the NCAER because the previous one was based on secondary data. This time, it will combine feedback and original surveys,» said an official, who did not wish to be identified.
03.05 / 18:21
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One Piece Chapter 1114 release date: Is manga heading for long break?
One Piece Manga will be taking a break after the release of its Chapter 1114. This has been reported by Dexter. They had returned after a hiatus with the launch of Chapter 1112. It has been reported that the previous hiatus was after the death of Akira Toriyama. The break was the longest since June-July 2023. It was necessitated due to Eiichiro Oda who underwent an eye surgery and was out of action for almost four weeks. It was at this stage that the final saga had been entered into.
03.05 / 16:39
COST
Target
FIVE
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performer
blues
Coforge eyes 4x growth in 4 years, as stock crashes 10% in a day
Coforge Ltd, has a long-term target to be among the top five of India’s $254-billion tech outsourcing industry. To do this, the company will look to ramp-up its latest acquisition of artificial intelligence (AI) and tech services firm, Cigniti Ltd—and could also pursue further acquisitions going forward. In the process, reaching an annualized revenue of $4 billion within the next four fiscals is possible, chief executive Sudhir Singh told Mint.
03.05 / 15:57
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Experts
War
Inside
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Talent war between family offices and Wall Street drives up salaries
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
03.05 / 13:17
COST
Provident
Assurant
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prevention
Waiver of Premium Rider: Why Do You Need to Consider Getting It?
New Delhi (India), April 29: Purchasing life insurance for yourself and your loved ones is a wise financial decision that provides financial protection against unforeseen circumstances. However, due to life's unpredictability, one's ability to meet insurance premium commitments may become difficult. This is where the waiver of premium rider can step in to save the day.
03.05 / 13:17
COST
MET
Manufacturing
Election
performer
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UltraTech Cement, Ambuja, ACC, Shree Cement, others: Muted April cement sales volumes, prices add to caution
Ambuja Cements, ACC, Dalmia Bharat Q4 earnings performances have remained a mixed bag. While some met expectations and few as UltraTech and even ACC performance came ahead of expectations, Dalmia Bharat and Ambuja Cements Q4 performance remined below expectations on weaker than expected realizations.
03.05 / 12:53
03.05 / 12:53
COST
UPS
economy
show
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Interviews
Small businesses are racking up credit card debt, raising some concerns
Joanne Trattoria owner and Lady Gaga's father Joe Germanotta talks the economy and inflation, NYC crime and the state of small business in a wide-ranging interview on 'Mornings with Maria.'
03.05 / 11:59
03.05 / 11:59
COST
UPS
Provident
country
reports
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back
There were around 36 million Health Savings Accounts in 2023, holding a total of more than $116 billion, but their tax benefits are being questioned by a consumer watchdog, sparking a robust response from an industry body.
03.05 / 11:07
Blockchain
COST
Booking
community
social
fun
Updates
Penguiana Launches $PENGU Token Presale Is This The Next Solana’s Meme Moonshot?
This Friday marks a thrilling chapter for the Solana blockchain with the launch of Penguiana ‘s $PENGU token presale. Renowned for its inventive approach to meme coins by combining them with a play-to-earn mechanism, Penguiana offers more than just entertainment—it promises real rewards and a vibrant community.
03.05 / 08:45
markets
COST
Target
security
Trade
reports
recommendations
Coal India share price rises 4% post Q4 earnings: Should you Buy, Sell or Hold the stock?
Coal India Share price gained 4% during intraday trades on Friday post Q4 results posted by the company after the market hours on Thursday. Coal India had reported consolidated net profit at ₹8,640.5 crore for the quarter ending March, which grew 25.8 percent YoY. The same came better than the consensus analyst estimate of ₹6,826 crores.
03.05 / 08:17
COST
Target
Experts
country
reports
Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems
ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say — and intensify missile arms races. Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system. In previous months, interceptors fired from U.S. Navy destroyers stopped Houthi anti-ship ballistic missiles, while in Ukraine, U.S.-made MIM-104 Patriot batteries have shot down advanced Russian Iskander and Khinzal missiles.
03.05 / 06:51
markets
COST
Healthcare
pandemic
performer
International
Dabur reinvests margin gains in advertising. Will it fuel growth?
₹659 in September 2021 following strong results in the June 2021 quarter (Q1FY22) during which it clocked 34% volume growth year-on-year. Ignoring that it had come off a low base owing to the impact of the covid-19 pandemic in the base quarter, investors extrapolated such strong growth would continue well into the future. This optimism has come at a cost, as the stock price still lags nearly 15% below its peak even after almost three years.
03.05 / 06:15
COST
rights
Riyan Parag explains why he couldn't finish the game against SRH: ‘Not in best form, made a few errors’
Who won yesterday IPL match? Top highlights of last night's SRH vs RR match Speaking at the pre-match presentation, Parag said, “I got a lot of areas to improve. I am not in my best form, I would have finished the game otherwise. I got a lot of areas to perfect.
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