COST Financial News

Shopping for your favourite gadgets or electronic appliances was never so easy as it is today. Thanks to the No-Cost EMI (Equated Monthly Instalment) option, you do not need to pay a huge amount upfront as you can break the big amount into small EMIs and buy your favourite mobile phone, TV or any other things you need even when funds are not immediately available.

The European Union and UK have been world leaders for implementing policy to promote clean energy technologies, but their crown is starting to slip.

NEW DELHI : Vodafone Idea expects its ₹18,000-crore follow-on public offer to have maximum subscription with the share of anchor investors being fully subscribed, even as India’s No. 3 telecom carrier began its roadshow for individual investors. “We’ve had an extensive roadshow with all international and domestic institutional investors.

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low of ₹593.45 apiece on NSE and touched an intraday high of ₹615.60 per share level, logging around 4 percent jump from its intraday low in the stock market today.

₹423.80 apiece on the BSE. Morgan Stanley reiterated its ‘Overweight’ rating and raised Exide Industries share price target to ₹485 apiece from ₹373 earlier citing multiple levers for growth. The target price implies an upside potential of nearly 22% from Friday’s closing price.

AU Small Finance Bank as its 'top pick of the week'. This is on the back of robust growth prospects, enhancements in Net Interest Margin (NIM), anticipated synergies from the merger with Fincare Small Finance Bank (SFB) to bolster Return on Assets (RoA), and the expectation of stable asset quality performance despite immediate challenges. The brokerage has a ‘buy’ call on the stock with a target price of ₹702, implying a potential upside of over 12 percent.

global maritime industry is set for tougher and more challenging times after Iran ramped up West Asia tensions by launching an unprecedented drone and missile attack on Israel, causing supply chain disruption and increasing the probability of choking shipping routes, experts here have said. Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict. Iran and its proxies launched 330 missiles and drones on Israel late on Saturday night in retaliation to an alleged attack by Israel on a diplomatic mission of the Islamic Republic in Damascus on April 1 in which several people, including two top commanders, were killed. There is a concern about the probability of a Persian Gulf shutdown, though many maintain hope of defusing fierce tension in the region, a delegate at the opening of Singapore Maritime Week on Monday, told PTI.

Here is a look at the latest MCLR of the top 8 banks in April 2024. Also read: Home loan interest rates April 2024: Banks offering cheapest interest rates for home loans above Rs 75 lakh

Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed.

Nippon India Small Cap Fund BASIC FACTS DATE OF LAUNCH 16 SEPT 2010

and expect margins to be in the 25-25.4% range over FY25-27. However, they see limited room for margin expansion from here on. What’s more, subdued hiring and lower sub-contracting costs cuts both ways and while reducing costs it also points to weak demand outlook.

Vermont’s journey to make its auto-IRA program a reality is poised to go much more quickly as the state eyes a key collaboration. Vermont state treasurer Michael Pieciak said it has chosen Colorado to assist in the development of the state’s public retirement program, VT Saves.

Europe to rise 10-15%, logistics and insurance costs to rise and engineering exports demand to Europe to get impacted following Iran's attack on Israel. Already, the unfolding crisis in the Red Sea region is leading to shifting of large amount of cargo traffic to air mode such as leather goods, which were traditionally sent by ships, pushing up air freight volume.

Indian firms are likely to step up mergers and acquisitions (M&As) this year, with deals worth $75 billion estimated in 2024 against about $60 billion last year, said Ganeshan Murugaiyan, head, corporate coverage and advisory, BNP Paribas, India. In an interview to ET, the veteran investment banker pointed out acquisition opportunities in areas where geopolitical volatility had rendered some industries uncompetitive. Edited excerpts: The previous year was a lean one for M&A activity everywhere. What are clients saying about 2024? Last year, volumes were down almost 30-35% from what we saw in prior years. There were many factors, but if you look at 2024, the momentum is building up quite a bit. One is that clearly you have a lot of M&As within India. When I say domestic, a big component which has got added now is private equity. In a lot of assets, controlling stake by private equity may change hands this year. In India, my guess is that M&As should be somewhere around $75 billion versus around $60 billion last year.

BDO India LLP is set to open a global capability centre (GCC) in the country through a joint venture among BDO member firms spanning India, the US, the UK and Germany, senior executives said. The GCC, which will be set up in Noida, will look to recruit up to 5,000 people within the next 3-4 years, marking the latest instance of professional services firms establishing or expanding capability centres in India. The Big Four between them have more than 250,000 people working in GCCs in India. The trend is now getting reflected in smaller professional services firms like BDO which are opening GCCs in India to compete effectively on cost and quality.

Raw material prices are also starting to show initial signs of inflation after moderating previously, indicating price increases in some categories could be in the offing. Most consumer goods companies raised prices by more than a quarter in the past two years to offset rising costs under heads such as raw materials, supply chain and energy.

Earlier this month India — that already has punitive duty barriers of close to 50% for importing solar modules and cells from overseas — came up with its own set of non-tariff barriers to predominantly block Beijing. This coincided with US treasury secretary Janet Yellen’s heightened political pitch around overcapacity in Chinese steel, solar, EV, lithium-ion batteries and other clean tech products, as a precursor to a crackdown on imports. The updated docket or roster of vendors who can supply solar panels to our large scale power developers is an 82 page document, with 83 vendors and predictably has no Chinese candidates. As per this Approved List of Models and Manufacturers (ALMM) order for solar photovoltaic modules, domestic module manufacturers will also have to register their sub-contractors and vendors with the renewable energy ministry.

India have demanded additional duty payments from about 45 major rice exporters due to imposition of 20% export duty, potentially disrupting future rice shipments from the country. The department has issued notices to these exporters for the September 2022 to January 30, 2023 period, and the tax demand could be about Rs 2,000 crore, said people aware of the development. Some port authorities are also asking rice exporters to pay customs duty before clearing shipments, the people said. ET has seen some of the notices. Several members of the All India Rice Exporters Association (AIREA) separately confirmed the notices. The association is likely to convey the exporters' grievances to the government before seeking legal remedy.

₹4,600 crore in 2022 to about ₹4,000 crore in 2023, with Star receiving a majority of the revenue, Mint had earlier reported. But this year too, advertising rates have been sluggish so far. Company budgets and other external factors like the general elections and the upcoming ICC Men's T20 World Cup in June have resulted in less spends on advertising for this season, said Sandeep Ranade, executive vice president and head of quantitative research division of Hansa Research.

Nazara Technologies for an investment. He’s had a range of guests, from comedian Tanmay Bhatt to Oyo founder Ritesh Agarwal and venture capitalists such as Karthik Reddy of Blume Ventures.

BENGALURU : Sachin Bansal’s latest big bet that could propel his fintech startup Navi Technologies Ltd bears some heavy-hitting buzzwords—large language model, generative artificial intelligence—but this second-time entrepreneur has opted for the tougher path. Bansal, who previously co-founded e-commerce giant Flipkart and was the original posterboy of India’s startup ecosystem, is building most of the technology stack for Navi in-house. These include LLM apps, chatbots, a lending management system, and an app platform to speedily launch new products and services.