COST Financial News

During the March quarter, private banks are likely to outperform public sector lenders as the latter were impacted by wage hikes in the said period.

The idea was simple: To meet progressively higher carbon emission-reduction targets in line with its climate-action commitments under the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC), the EU needed to impose higher obligations on its own industrial activities in carbon-intensive sectors. As a result, it had to tackle two challenges.

new bridge, Sen. Ben Cardin said Tuesday. Cardin gave the update after meeting with the state congressional delegation and Maryland Gov.

Pierre Poilievre – potentially for the first time, or their first time voting for the Conservatives – are angry. They’re angry about the cost of living.

Congress has been abolition of the National Pension System (NPS) and return to the old pension scheme (OPS) in the three states of Rajasthan, Chhattisgarh and Himachal Pradesh, where it came to power. Its newer state government in Karnataka is considering the same step, but has yet to take it. Is better sense prevailing? The new Congress election manifesto makes no mention of OPS. Answering questions, P Chidambaram said OPS was very much on the party's mind, but it was waiting to react to the report of an official committee on the issue. Does that suggest second thoughts? In Jharkhand, the coalition government of which Congress is a part has gone back to OPS. Seeing the populist trend, even some BJP leaders in other states have said OPS needs reconsideration. Sorry, it doesn't.

RBI has flagged risks in monetary policy on account of climate change in its study, 'Draft Disclosure Framework on Climate-Related Financial Risks 2024', in February. In this, the central bank is leading from the front after floating a discussion paper on mitigating climate risk by banks.

After freezing minimum and flat rate fees last financial year, the FCA has today (9 April) confirmed it plans to increase them in 2024/25, along with application fees, in line with the 8.8% increase in its ongoing regulatory activities (ORA) budget. «We recognise that firms continue to face inflationary pressures, but we must also consider the impact of inflation and our expanding workload on our costs,» it stated. «Deferring the uplift merely passes on our costs into future years, placing greater pressure on variable fee-payers.» The FCA added: «We believe increasing minimum and flat...

The sudden exit of Royal Bank of Canada’s chief financial officer comes at a “critical juncture” for the lender as it tries to absorb the biggest acquisition in its history, a leading Wall Street analyst says.

₹3,700 crore in revenue. Overall, in fiscal 2023, its overall revenue stood at ₹5,429 crore with profit of ₹216 crore.

In Denison, Iowa, a robot spends eight hours a day slicing apart hog carcasses at a plant owned by Smithfield Foods. It serves a dual purpose: producing more ribs for barbecues and smokers, while helping ease the U.S. meat industry’s long-running labor shortages.

₹75,000-1 lakh, the retirement corpus required at age 50, on an inflation adjusted basis, would be ₹6-8 crore for a 35-year old. For this, the individual will need to invest ₹1.5- 2 lakh per month assuming return on investment of 10% per annum (p.a,). The amount to be invested if the individual wants to play safe and invest at 8% p.a.

Flipkart Internet in two tranches on March 23 and April 6, according to filings sourced from the Registrar of Companies (RoC). This is an internal cash transfer and not fresh funding at a parent level. However, this is the second major fund infusion received by Flipkart Internet from its Singapore-based related entities in 2024. On March 4, ET had reported that the company received $111 million.

Bank of Canada readies for its interest rate decision on Wednesday, experts say.The spring housing market, which kicks off in March, is typically one of the busiest times of the year for home buyers and sellers in Canada.So far, the spring housing season is a “mixed picture,” according to RBC assistant chief economist Robert Hogue, as the Bank of Canada’s benchmark interest rate remains high and boxes out some prospective buyers.Preliminary data from local housing boards show some western markets, particularly in Alberta, saw a strong uptick in home sales in March. In Toronto, housing activity has declined for two consecutive months.Average home prices are meanwhile ticking up in some regions including the GTA after a correction in the market tied to the central bank’s rate tightening cycle over the past few years.“In some parts of the country, that recovery seems to be relatively robust,” Hogue tells Global News.

Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal. «The surge in predatory imports from China is a big threat to the Atmanirbharta in steel. The country becoming net importer is a warning signal to our march towards Atmnirbharta (self-reliance),» Alok Sahay, secretary general of apex industry body Indian Steel Association (ISA) said. Looking at the situation, it is very important to arrest predatory imports, he said and demanded for a trade remedial action on an urgent basis to arrest the inbound shipments.

Reliance Industries (RIL), global broking firm Morgan Stanley has taken an overweight stance on the oil-to-retail conglomerate with a price target of Rs 3,046, signaling an upside potential of 2%. RIL’s energy vertical, which had experienced de-rating over the past decade due to expectations of a rapid decline in global fuel demand, is now set to reflate, the brokerage said.

UBS managing director and senior portfolio manager Jason Katz says the 2% inflation target is arbitrary on Varney & Co.

A banner running down the side of the European Commission’s headquarters in Brussels depicts cartoon workers recladding its 13-floor façade with solar panels. The illustration might come across as a cruel joke to residents of the Belgian capital, for whose leaden skies the phrase “fifty shades of grey" could have been coined. But thanks to green edicts devised by the Euro-wallahs at the commission, the continent’s fields and rooftops are being paved with very real photovoltaic cells.

Fox Business White House correspondent Edward Lawrence has the latest on the unanimous decision to hold rates steady at 5.25 on 'Making Money.'

here Motilal Oswal Financial Services expects Nifty earnings to grow 6 per cent year-on-year (YoY). Margin tailwinds are likely to narrow due to a high base. EBITDA margin (ex-Financials) could remain flat for the Nifty at 19.8 per cent (up 10 bps).

Krishna Trilokcand Vasvani, Jaipur, Rajasthan.  

Biden announced on Monday plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November. The plans, which the Democratic president detailed in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which Biden's administration estimates would eliminate the entirety of that interest for 23 million borrowers.