COST Financial News

Exciting news is circulating about a novel meme coin project in the cryptocurrency domain. FOMO, the latest meme coin built on the Solana blockchain, is causing a stir in the cryptocurrency community, drawing inspiration from the witty Tibetan sand fox character.

According to a regulatory filing, the offer will allow shareholders to tend some or all of their shares at a price of $0.764 per share, equivalent to 31 December 2023's $0.78 NAV per share, less 2% administrative costs. US Solar Fund eyes share buybacks as NAV falls 20% over 2023 The terms of the proposed tender offer will be issued in a circular next week, which will be followed by a special resolution at a general meeting on 21 May 2024, coinciding with the trust's AGM. Following an exercise exploring potential methods to refinance the vehicle's senior debt facilities in order t...

consumer spending is estimated to more than double to $300 billion by 2030 from $140 billion now, aiding the growth of new-age brands, according to the report. “The combined revenue of new-age consumer brands tracked by Elevation has crossed $5 billion or ₹40,000 crore, a figure that continues to scale rapidly," according to a report released Wednesday. Deepening e-commerce penetration, lowering cost barriers and internet access before discretionary income are enablers now converging to make brand-building both lucrative and exciting for entrepreneurs, it added.

DFW housing and macro econ analyst Amy Nixon explains what the spike in mortgage rates means for the housing market on ‘Making Money.’

KYC process with a bank, the CEO added. “For small sellers, the dual KYC can be expensive and will increase the cost so much that most players will stop serving small online merchants. These include people selling on Instagram and Facebook, where the value and volume of transactions are small," said the CEO.

Home Loan EMI Calculator empowers you to evaluate how adjustments in interest rates, loan amounts, or tenures affect your EMIs. By inputting essential details such as the loan amount, and tenure, you can instantly obtain accurate EMI calculations. This enables you to explore different scenarios and comprehend the financial implications of varying loan parameters before making any decisions.

More people are using so-called Earned Wage Access apps to get money to pay bills and buy groceries in between paydays

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles

A report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China

Vietnam aims to transform its rice sector, making it more resilient to climate change while also reducing its emissions of methane, a greenhouse gas far more potent than carbon dioxide

Cyberattacks on businesses are rising, including small businesses

Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday

Bharti Airtel, Goldman Sachs has a neutral rating in Tata Consumer and Investec maintained a buy on Cipla. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation regulator capped the planemaker's 737 MAX production. The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January on a new Alaska Airlines 737 MAX 9.

Elon Musk makes multiple promises to investors, analysts for Tesla: Electric vehicle (EV) manufacturer Tesla saw its first-quarter net income plummet by 55 percent, in results released on April 23, AP reported. The stock has however soared 11 percent in after-trading hours after CEO Elon Musk announced plans to accelerate the production of new, more affordable vehicles, the report said. Notably, this boost comes amid a challenging year for Tesla, with its stock declining by over 40 percent since the beginning of the year.

Also Read: Day trading stocks to buy: Anand Rathi expert recommends these three shares to buy today — April 24 Shares of these 23 companies will likely react to their Q4 results today. Here’s a look at how some of these top companies are expected to perform in Q4: FMCG major Hindustan Unilever (HUL) is expected to report muted earnings growth in the March quarter. HUL Q4 net profit in Q4FY24 is estimated to rise 2.71% to ₹2,538 crore from ₹2,471 crore, YoY.

₹18,951 crore, while revenues saw an 11% increase to over ₹2.4 trillion. Its core oil-to-chemicals business faced a few headwinds downstream, while a surge in offshore-gas output shored up hydrocarbons upstream, where oil was subject to global flux, even as Reliance Retail and telecom under Jio fared fairly well, turning in double- or near-double-digit growth on both counts. As far as numbers go, the annual results drew wider attention—as usual, for a whole new proportion of operations achieved over the year.

Tesla reported Tuesday that it made significantly less money in the first three months of the year because of its tepid car sales, reinforcing concern among investors that the company led by Elon Musk is losing ground in the market for electric vehicles. Profit fell 55%, to $1.1 billion, from the first quarter of 2023, the company said. And revenue fell 9%, to $21.3 billion.

tax regime can consider ELSS funds to invest up to Rs 1.5 lakh under Section 80C of the Income Tax Act. Wealth managers say flows can be staggered using systematic investment plans (SIPs) from the first month of the financial year rather than parking lump sum towards the closing of the year. WHAT IS AN ELSS SCHEME? ELSS or Equity-Linked Savings Scheme is a mutual fund category that primarily invests in equity. This benefits investors choosing the old tax regime as investments up to Rs 1.5 lakh are exempt under Section 80C of the Income Tax Act. Financial planners recommend these schemes to first-time investors for the twin benefits of saving tax and taking exposure to equity as an asset class. Investments in these schemes are locked in for three years from the date of investment. Investors are free to redeem the investments or continue holding them after the lock-in ends.

UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said. The Swiss bank will instead rely on existing joint ventures to expand in China's mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.

loan fraud at one of its branches in the Northeast, sending shares of the non-bank lender nearly 8% lower. According to the company, the fraud involved the forgery of KYC (know your customer) documents to embezzle company funds.