COST Financial News

The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year

Alphabet Inc. unit still hasn’t figured out how to incorporate the new, fast-growing technology without threatening its essential advertising business. The shares were down less than 1% in premarket trading Thursday.

The Canadian dollar looks set to take a dive this summer, or at least to remain weak for some time to come.

Canadian housing prices could reach a new record by 2026, driven by unrelenting demand from a growing population, according to an outlook published by the national housing agency on Thursday.

NBFCs) have continued their strong growth numbers in the third quarter led by retail loans while Poonawalla Fincorp recorded its highest-ever disbursement at Rs 9,680 crore. L&T Finance's retail disbursements were at Rs 15,030 crore, up 33% year-on-year, pre-results numbers released by the companies showed.

Congress on Thursday alleged that the BJP's compulsion to get donations at all costs saw it go ahead with the electoral bonds scheme without heeding RBI's astute advice, as it claimed that over Rs 430 crore was donated to the ruling party by 33 companies that had negative or near zero profit. Congress general secretary Jairam Ramesh shared a report by The Hindu on X which said that 33 loss-making firms donated electoral bonds worth Rs 582 crore with 75 per cent going to the Bharatiya Janata Party (BJP). «There are four primary channels of corruption in the Electoral Bond Scam, and with each passing day, more examples emerge to confirm the shocking reality of the corruption which has engulfed this country through Narendra Modi's encouragement,» Ramesh alleged. «An update on the latest revelations on the 'Farzi Companies' who have been donating chanda to the BJP Chanda Do, Dhandha Lo; Theka Lo, Rishvat Do; Hafta Vasuli; Farzi Companies,» he said in a post on X.

Managing one's personal finances can seem like a hodgepodge of never-ending checklists and rules of thumb.

To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books.

₹7,000 per month then and Srividya ₹5,000). They invested in recurring deposits (RDs) and fixed deposits (FDs) at a time when interest rates were high, thereby laying a solid foundation for their financial future. “Since we also received support from both our families for buying our first house, we decided to invest about 30-40% of our income.

₹1.7 trillion deposits in the fourth quarter, taking the total amount of deposits raised in FY24 to ₹3.5 trillion. Of the ₹1.7 trillion deposits mobilized in Q4, 77% were retail deposits, the bank clarified. The total deposit book stood at ₹23.8 trillion at the end of March.

BENGALURU : Real estate developer Prestige Group has acquired 21 acres of land in Bengaluru's key tech corridor, Whitefield, for ₹450 crore. The acquired land has been earmarked for a residential development spanning approximately 4 million sq ft, which will feature 1,800 apartments. This marks the second significant land purchase by the Bengaluru-based developer this year, following its acquisition of 62.5 acres in Indirapuram Extension, Ghaziabad, in March, at a cost of ₹468 crore.

Buckingham Palace will open its revered balcony room to the public for the first time. Enthusiasts of the royal family can now embark on guided tours of the palace's illustrious east wing, offering a rare opportunity to explore the iconic balcony room where generations of royals have made historic appearances, as per a report by New York Times.

U.S. refiners are heading into the summer driving season at full speed. Shares of Marathon Petroleum are up 45% year to date, while Valero and Phillips 66 are up 39% and 30%, respectively.

IDBI Bank and Axis Bank challenging the Zee-Sony merger which has been called off. The appellate tribunal will decide on 15 April whether the challenges to legal sanction of the Zee-Sony merger could be heard when the merger itself has been called off. IDBI Bank and Axis Bank had urged NCLAT to defer the pending case until the National Company Law Tribunal (NCLT) decides on Zee's plea to enforce the merger.

₹508.6 crore in FY23 while losses widened 13% to ₹230 crore, according to the company's latest filings sourced from Tofler. The company claims to have been profitable in the past two quarters but has not disclosed any figures. Lowering marketing spends and logistics costs has contributed much of the company’s growth and profitability of late, Taneja said.

₹3,000 but now, with modification, the cost has been brought down to ₹300. This will help in saving severe anaemic cases and life saving intervention," said Dr Kapil Yadav, a researcher at AIIMS Delhi.

Canadian regulators should rethink capital requirements imposed on the country’s largest financial institutions if banks in the United States and Europe are not forced to follow through with the strict final stages of the international risk management regime put in place following the 2008 financial crisis, the head of Canada’s largest bank says.

Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year and sustained demand from central banks.

vegetarian meal platehas become more expensive backed by the surge in the price of onion, tomato and potato. The cost of the representative home-cooked veg plate rose 7% in March against the same month last year, while that of the non-veg plate declined 7%, as per CRISIL Market Intelligence and Analytics report. Compared to last month, however, the cost of the veg plate declined 1% and non-veg food plate rose 2%., due to higher demand amid Ramadan.

which looks at housing trends across the country, found that it has never been as expensive to own a home anytime, anywhere in Canada as it was in Vancouver in the last quarter of 2023.The report stated that Vancouver is in a “full-blown crisis.”“At a staggering 106.4 per cent, the share of a median income needed to cover ownership costs means that only a select few high-income earners can afford to buy—or that considerable wealth must be amassed (or received) to put down towards a purchase,” the report states.“This significantly narrows the potential pool of buyers in the market, keeping activity soft and prices flat recently.

RBI Governor Shaktikanta Das. This MPC meeting marks the commencement of the financial year's first bi-monthly review, where key decisions regarding interest rates will be made. Amidst rising inflationary pressures, market observers anticipate that the committee may maintain the repo rate at its current level of 6.5%.