COST Financial News

Japanese automaker Toyota today announced the launch of Urban Cruiser Taisor in India. The Taisor, which is based on the Maruti Suzuki Fronx, has been priced at Rs 7.73 lakh onwards. This is the sixth model to be shared between the Maruti — Toyota partnership. The Toyota Taisor has been launched in two iterations with 1.0L turbo petrol engine and 1.2L petrol engine. The 1.2L version comes in manual and AMT versions with the top model costing Rs 9.52 lakh (ex-showroom). Toyota is also offering a CNG version of it. The 1.0L model's price starts from Rs 10.55 lakh and goes up to Rs 13.03 lakh — both ex-showroom.

SEI is taking its managed accounts solutions platform program to a new level with a host of updates.

Nebraska lawmakers have advanced a bill that would raise the state’s sales tax by 1 cent to 6.5% on every taxable dollar spent

Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings

A company that provides services for immigrants in federal detention has been ordered to pay more than $811 million in restitution and penalties in a lawsuit alleging it used deceptive and abusive tactics

Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.

Small Business Administration opened in the area to help companies get loans to assist them with losses caused by the disruption caused by the collapse. U.S. Sen.

liquefied natural gas is catalysing energy companies and auto majors to gear up to serve the long-haul LNG trucking segment. To cater to these medium and heavy commercial vehicles, oil marketing companies are planning to expand the compressed natural gas dispensing infrastructure in their fuel retail outlets to dispense LNG. They are planning to set up LNG retailing outlets along major national highways. «Setting up of an LNG station will cost anywhere up to ₹8-₹12 crore. A fuel retail outlet costs only up to ₹1.5 crore. We are evaluating options to maximise investment and expand CNG dispensing stations to include LNG,» said a senior executive from an oil marketing company.

Audit fees for Nifty 500 companies increased by a modest 28% between 2018 and 2023, indicating that they have lagged behind their growth and operational performance, as market capitalisation grew 92.75%, net sales rose 83.7%, and profit after tax (PAT) increased 126.2%. According to data provided by Prime Database, audit fees grew from ₹1,114 crore in FY18 to ₹1,430 crore in FY23 for Nifty 500 companies and from ₹404 crore to ₹466 crore for Nifty 50 companies. While the audit fee hike is marginal, the sharply increasing complexity in business operations, heightened regulatory oversight on listed companies, growing complexity in reporting requirements, and escalating talent and organisation costs every year are putting auditors in a tough spot.

₹2,500 crore a year. Unless we can find them a better way to meet their costs, I worry that there will come a time when the system becomes unsustainable. Credit card companies charge an MDR to help offset the costs they have to incur in guaranteeing payments.

₹12,000 in FY25. Will it undermine growth in an industry that is already facing multiple headwinds? Mint finds out. The electric mobility promotion scheme was announced by the ministry of heavy industries in March with a duration of four months from April to July 2024.

Investors have the option to leverage their securities held in their demat accounts by pledging them as collateral to obtain a loan. This process, known as pledging, allows borrowers to access funds based on the value of their securities, including shares, debentures, bonds, and mutual fund units. By offering securities as collateral, borrowers can typically secure higher loan amounts at favorable interest rates, as lenders perceive lower risk due to the underlying asset. Moreover, the process of obtaining such loans involves minimal documentation and shorter processing times compared to traditional loan applications.

Justin Trudeau on Tuesday launched a C$6 billion ($4.42 billion) Canada Housing Infrastructure Fund to accelerate the construction and upgrading of housing. WHY IT'S IMPORTANT

Hinduja Group's unlisted entities Hinduja Realty Ventures Ltd and Hinduja Healthcare Ltd. The order, delivered on March 28, comes as a key development in the corporate restructuring plans of Hinduja Group. Under the scheme of merger, Hinduja Healthcare, engaged in healthcare services, will be amalgamated into Hinduja Realty Ventures that focuses on real estate development. The merger aims to consolidate the businesses of both companies under one entity to streamline operations and enhance overall efficiency. The merger involves issuing equity shares of Hinduja Realty Ventures to the shareholders of Hinduja Healthcare. The ratio for issuing shares is specified as 29.3576 equity shares of Hinduja Realty Ventures for every 10,000 equity shares of Hinduja Healthcare. However, the NCLT has directed that no consideration will be paid for shares already held by Hinduja Realty Ventures.

JSW Energy on Tuesday said it plans to raise Rs 5,000 crore by selling shares to high net worth investors through a qualified institutional placement process or QIP. The QIP will take place in one or more tranches. The company did not disclose the purpose of the fundraise.

fuel credit cards has increased tenfold owing to rising fuel prices. Reports show that the share of these cards increased to 13.1% from 4.95% last year as people sought ways to deal with higher fuel costs. With prices showing no signs of falling, these cards can be an effective tool to save money on fuel expenses.

MacroMavens President Stephanie Pomboy provides her expectations for the economy, the impact of inflation on the consumer and the 4Q GDP read.

Average daily turnover in NSE's equity cash segment sees massive fall in March but gains 98% in FY24 “The weakening of the Yen, especially to a 34-year low, can have significant impacts on various sectors in India, particularly the automotive industry. The automotive industry is growing in India, and many Indian companies are collaborating with Japanese companies for technology exchange and components," said CA Krishnan R, Director & CEO of Unimoni Financial Services Limited. Krishnan further highlighted that Maruti Suzuki India Limited (MSIL), which is country's largest passenger car maker, is expected to the biggest gainer.

auto loans for cars), personal loans can be utilised for nearly anything. This adaptability makes them an excellent choice for addressing unexpected expenses, consolidating debt, or financing planned purchases. Additionally, personal loans typically feature a quicker and more straightforward application process compared to some other types of loans.

Apollo Tyres Ltd stock has underperformed the market over the past month. Investors have understandably turned cautious amid the recent spike in prices of rubber, and demand is expected to be weak in the near term. But the company does have a cushion, with high-margin segments growing their share and debt falling.

Mint. The company makes Godfather and Six Fields beers. The company has recently signed two production tie-ups in Uttar Pradesh's Barabanki region, and in Assam scaling its production to six states.