COST Financial News

₹47,000 in visa costs and agent fees as well as the charges for cancellation of flight tickets and hotel bookings. To add to her woes, the travel insurance was non-refundable. Ashar’s monetary loss was equal to what she had paid for the round-trip flight tickets.

Voltas surged 13% on Monday to hit their 52-week high of Rs 1,392 on the NSE after the Tata company reported landmark sales of 20 lakh units of air conditioners in FY 2023-24. In a filing to the exchanges on Sunday, the company claimed to have become the first ever brand to achieve this milestone in the history of the air conditioning industry in India.

Index funds outperform the majority of active fund managers. How many times have we read this headline! By now, even the most rookie investor understands that active managers who run a high expense ratio face an uphill battle in beating their benchmark indices on a net return basis. India’s growth story has been much talked about and has captivated the investing community for several years.

Deposit growth, too, has gathered pace on the back of aggressive competition, a push for deposits, and competitive TD rates offered by banks. As a result, the gap between credit and deposits narrowed to 3.4% in March 2024.

chocolate makers like Amul, but also prominent ice cream brands like Baskin Robbins and Havmor, are grappling with the impact of higher cocoa costs, a TOI report stated. Amul, a significant player in the chocolate market, is considering a significant price hike for its chocolate products. Jayen Mehta, Managing Director at Gujarat Cooperative Milk Marketing Federation (GCMMF), the umbrella organization for Amul, revealed that the price of cocoa beans has skyrocketed in India, reaching Rs 800 per kg from its previous range of Rs 150-250. Mehta emphasized the inevitability of passing on this cost burden to consumers, with a projected increase of 10-20% in chocolate prices within the next two months. Despite the looming price hike for chocolates, Amul intends to maintain the current prices of its ice creams and beverages, acknowledging the challenges of adjusting prices for seasonal products. Mehta expressed confidence in the competitiveness of their offerings, suggesting that the impact on market share would be minimal.

Muthoot Microfin, one of the few listed pure-play microfinance lenders, said that its assets under management grew 32% year-on-year while loan collection efficiency improved leading to improvement in profitability. The NBFC-MFI's (non-banking finance company-microfinance institution) AUM stood at Rs 12,194 crore at the end of March compared with Rs 9,208 crore a year ago. Loan disbursement during FY24 also rose 32% to R. 10,662 crore over the preceding fiscal. Its collection efficiency, a meric to assess the extent of loan repayment from ground-level borrowers, stood at 98.4%. The numbers are according to the provisional data submitted to stock exchanges.

The Economist’s parent company), for $1.6bn. The pair will team up to make EVs. To succeed, these efforts must still produce a competitive product with unique features.

₹179.55 apiece on the BSE. The board of directors of Bandhan Bank on April 05 took on record the letter submitted by its Managing Director & Chief Executive Officer Chandra Shekhar Ghosh informing that he would retire from the services of the Bank as the MD & CEO upon completion of his current tenure on July 09, 2024. Ghosh has been serving as MD & CEO of Bandhan Bank since July 10, 2015.

One letter to a newly admitted Vanderbilt University engineering student showed an all-in price — room, board, personal expenses, a high-octane laptop — of $98,426. A student making three trips home to Los Angeles or London from the Nashville, Tennessee, campus during the year could hit six figures. This eye-popping sum is an anomaly. Only a tiny fraction of college-going students will pay anything close to this anytime soon, and about 35% of Vanderbilt students — those who get neither need-based nor merit aid — pay the full list price.

₹7 and ₹45 per 1,000 litres. Houses that do not have access to municipal water supply purchase water from tankers at around ₹150 during normal times and up to ₹250 during shortages. Thus the marginal cost of water is 20 to 35 times what the fortunate people with access to municipal supply pay.

₹1 lakh tax-free gains from stocks and equity oriented mutual funds. With the BSE Sensex rising 26% and the midcap and smallcap indices shooting up more than 60% in the past one year, most stock investors saw their portfolio grow during the financial year. Long-term capital gains from stocks and equity oriented mutual funds are now taxed at 10%.

SPIVA) India Scorecard. It shows that a large chunk of actively managed Indian equity mutual funds underperformed their benchmarks. Many advocate for lowercost index funds and ETFs citing such studies. However, investors should understand that knee-jerk reactions concerning long-term investment plans are best avoided. Ultimately, the choice of active, passive, or both should be determined by individual preferences. Most active funds lagging Active equity funds rely on managers’ decisions, while passive funds attempt to track indices efficiently. As per SPIVA, five out of 10 large-cap funds underperformed the S&P BSE 100, while over 73% of mid- and smallcap schemes lagged the S&P BSE 400 MidSmallCap in 2023. ELSS funds did better, with 30% underperforming the S&P BSE 200. Longer-term data (see table) reveals various nuances about the frequency of underperformance.

template of that mistake, and we find it easy to access and use it again. Our personal financial well-being suffers from this limitation. Researchers have long argued that we are incapable of learning from our failures. We are either resistant to learning from those mistakes or we learn the wrong things. We are tuned to feel good about ourselves. Contemplating our mistakes hurts our selfesteem. To deny or ignore is this natural triumph of our need for validation over the lessons from examining what we did wrong. We may decide to think about our mistakes sometimes, but that process taxes our brain and cognitive system. We suffer from what behavioural scientists call confirmation bias. We process selectively. We look for what we already know, quickly draw conclusions from a few data points, arrive at a conclusion that confirms our beliefs, and move on.

BENGALURU : Andrew Feldman, co-founder and CEO of US-based Cerebras Systems, which last month released what it touts as the world's largest and fastest artificial intelligence (AI) ‘chip’ with 4 trillion transistors, insists that while AI is not a silver bullet, it can certainly solve many of the world’s problems. In a video interview from his US office, Feldman spoke about areas where his company’s third-generation wafer-scale AI accelerator—the CS-3—scores over Nvidia's graphics processing units (GPUs). He also shared his thoughts on how India can leverage AI and Generative AI (GenAI) tools, and whether GenAI is being oversold, among other things.

Sebi) has proposed that certain changes in private placement memorandum (PPM) of alternative investment funds (AIFs) can be submitted directly to it rather than through a merchant banker. The move is aimed to rationalise cost of compliance for AIFs and also facilitate ease of doing business. At present, AIFs have to intimate any change in the terms of PPM through a merchant banker to Sebi, along with a due diligence certificate from them. It has to be done on a consolidated basis within one month of the end of each financial year.

Memes have grown in importance in the constantly changing cryptocurrency market. Because of their distinctiveness and widespread appeal among social media users, these coins frequently pique the interest of new investors. For novices, it’s crucial to select low-risk meme coins, though. We’ll talk about the top three beginner-friendly meme coins in this article: Dogecoin (DOGE), Shiba Inu (SHIB), and Hump (HUMP).

Peter Corry from Alberta says he recently paid $700 for an accountant to file his bare trust tax returns, out of fear of a penalty for missing the April 2 deadline.

₹1,000 for this particular window seat. Following the tweet gaining traction, Air India issued an apology for the inconvenience caused to the passenger. "Paid extra 1k for a broken window seat (22A) on Air India AI512 from DEL to BLR on April 4.

retirement goals and how one is doing against the budget or plan set out for each of these items is a good place to be in. It requires discipline, consistency and ongoing calibration. Depending upon surplus income, time horizon, liquidity requirement, risk & reward appetite, one can choose to be in either traditional investment options (like bank accounts, deposits, bonds, etc) or in mature products (like mutual funds, stocks, ULIPs, PMS, REITs, etc) or any combination from the above.

redeployment of funds, one would require more funds. Let us suppose you get access to an additional ₹5 lakh to invest in fiscal 2025, where all, do you think, this money could be invested? We spoke to a few experts to get a sense of the available investing opportunities for a lay investor early this fiscal.

gold in the last one week has been -3.79% .whereas in the last month it has been -7.35%. The cost of silver is Rs.81700.0 per kg Gold Rate Today in Delhi is ₹71419.0/10 grams. Yesterday’s Gold Rate on 06-04-2024 was ₹72209.0/10 grams.