COST Financial News

₹3,355.50 apiece on the BSE. UBS maintained its positive stance on IndiGo considering the strong growth prospects of the Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. It maintained a Buy rating on IndiGo shares and raised the 12-month target price to ₹4,000 per share from ₹3,900 earlier, implying an upside of more than 21% from Friday’s closing price.

Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier.

India's services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. «There may be some more downside to services inflation, but a mean reversion or normalisation will happen in the second half of the year,» said Rahul Bajoria, MD & head EM (ex-Asia), Barclays. “However, rates are unlikely to rise to higher levels witnessed postpandemic,” he added.

Tata Play's revenue from the core direct-to-home (DTH) business is predicted to decrease in the medium term due to moderation in its subscriber base. Still, this decline is anticipated to be offset by growth in broadband and over-the-top (OTT) businesses. According to a report by Crisil, the company's operating margins may face pressure in FY24 and FY25 due to moderation in the DTH subscriber base, partially offset by OTT aggregator Tata Play Binge's improved metrics and Tata Play Broadband's expected breakeven. The company's DTH subscriber base decreased in September 2023 compared to September 2022 due to competition from DD Free Dish and OTT platforms.

Florida insurance companies made money last year for the first time in seven years

The industrial sector is getting $6 billion in federal funding for projects that will slash planet-warming greenhouse gas emissions, the largest-ever U.S. investment to decarbonize domestic industries

These are turbulent times for wind and solar energy

entrepreneurship. Students simultaneously get exposure to real-world challenges and theoretical knowledge which enable them to either become ‘job ready’ or ‘job creators’. In Odisha, the Centurion University of Technology and Management claimed to be an “entrepreneurial university" and a “hub of industries" where students manage over 30 in-house production units across various sectors like technology, engineering, agriculture, aerospace, recycling, pharmacy, and more.

In the rapidly evolving world of Solana Meme Coins, a new star is rising, Donk.Meme, inspired by the ever-talkative Donkey from Shrek, has launched its presale, quickly becoming the talk of the town.

WASHINGTON : The US Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized - and potentially uncomfortable - election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts.

In today’s complex investment landscape, index fund investing has surged in popularity as a simple and cost-effective method for accumulating long-term wealth. This article delves into the basics of index fund investing, tracing its evolution both globally and in India, while also shedding light on essential considerations before incorporating it into investment portfolios.

For most people, purchasing a home is a major milestone. However, the associated mortgage debt can be a long-term financial commitment for many. In recent years, home loan borrowers have experienced a substantial increase in their monthly payment amounts. This can be attributed to the repeated hikes in interest rates on home loans by banks, which began in May 2022.

The end of the financial year is a busy time for taxpayers. As the deadline approaches, most people want to rejig their financial portfolio one last time to make the best out of tax-saving strategies. However, this last-minute shuffle shouldn’t be done without ample research and understanding of what you’re putting your money into.

Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc.

Investing in residential real estate for the rental market remains profitable overall, but investors may have to be patient for growth in rents to increase.

Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized — and potentially uncomfortable — election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts. Rate cuts will also invite critics — Republican challenger Donald Trump chief among them — to argue an agency set up to be an independent monetary authority is tipping the political scales toward Biden.

Ahmedabad Municipal Corporation (AMC) has announced the establishment of a 300-tonne-per-day solid waste to steam plant in Ahmedabad, operating under the Public-Private Partnership (PPP) model. The plant, to be constructed by Surat-based Steamhouse India on a 5-acre plot at the Pirana Waste dumping site, is set to significantly reduce environmental pollution by decreasing reliance on fossil fuels. Ahmedabad, the seventh largest metropolis in India, produces approximately 4,000 metric tonnes of solid waste daily. The shift towards sustainable waste management is crucial due to the adverse effects of organic waste decomposition in landfills, which release harmful greenhouse gases contributing to climate change, and the health hazards posed by toxic substances from various waste types to nearby communities, a spokesperson from the Ahmedabad Municipal Corporation explained. Utilizing waste to steam (WTS) technology, the project aims to establish a circular economy by utilizing Refuse Derived Fuel (RDF). This German technology, making its debut in India, offers numerous benefits, including reduced environmental impact, low operational costs, and efficient resource utilization. Additionally, the project is anticipated to provide a more cost-effective solution for steam generation, with capital expenditure projected to be 70 percent lower compared to conventional waste to energy plants, according to the AMC.

As global warming raises temperatures, a California work safety board has approved standards that would require companies to protect employees from excessive indoor heat, particularly in warehouses

Louisiana crawfish are in demand despite a shortage of the mudbugs driven by last summer’s drought, extreme heat, saltwater intrusion on the Mississippi River and a hard winter freeze

Nissan has announced plans to expand its electric vehicle lineup, develop more powerful batteries and cut production costs

Ghost busting is still a good business