COST Financial News

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

inflation is eating into the savings of low- and middle-income families. Which road is to be taken or which financial instrument is to be chosen for earning an extra buck is a big worry for many. The simple and proven answer to these queries is the Systematic Investment Plan (SIP) of a mutual fund (MF) scheme. SIP is a robust strategy that may help savers beat inflation and may grow their money. However, it’s important to note that SIP can be an effective tool to create wealth but there is no guarantee to generate returns. Here are some advantages of SIPs:

Karan Taurani, Senior VP, Elara Securities, says “the T20 World Cup is in the month of June and we have IPL as well. So, on a QoQ basis, we will see that delta for Zomato. As far as QSR companies are concerned, there is not much of a big respite because the market is getting fragmented, the QSR companies are seeing pressure in terms of growth and in terms of delivery contribution, only 30-40% percent of their revenues comes from delivery. I think it is a bigger delta for Zomato versus the other QSR companies.” Given that it is increasing every year, what is the valuation story you see for IPL? Where do we see it headed because it has become so expensive now? Karan Taurani: I think valuations depend on revenue potential and revenue potential has multiplied for the franchise teams. Plus, the number of teams has also gone up. We had about eight teams, now we have ten. The number of matches has gone up by 20%. I am saying the reasons for valuations growing are these reasons as well.

₹1-trillion corpus for financing private sector research and innovation in sunrise sectors. The government’s scheme for attracting investments into manufacturing through production-linked incentives, too, covers sectors like electronics, pharmaceuticals, telecom, medical devices and drones. The measures being worked on broadly follow the NDA government’s approach of undertaking reforms that help the overall economy and strengthen the exchequer for social transfers rather than offering upfront tax cuts or subsidies.

Physics Wallah will open “as many offline centres as it can” in FY25 even if it erodes profits, founder and chief executive Alakh Pandey told ET. The Noida-based company’s aggressive approach to opening offline centres has not been dampened by the sharp drop in its net profit to Rs 16 crore in FY23 from Rs 98 crore in the previous year.

ONGC) is planning to drill a well in Bihar this year to look for oil and gas. A commercial discovery will not just put the state on India's oil map but also open up for exploration the entire Ganga basin stretching from Bihar to Uttar Pradesh and Punjab. Sushma Rawat, director (exploration) at ONGC, told ET that the company has acquired 3D seismic data for 300 sq km for its block in Samastipur, Bihar, and is now planning to drill two exploratory wells. The first drilling will be done this year and may cost ₹30-35 crore, she said. Data from the first well's drilling will help guide the company's plans for the rest of the exploration block, including the planned drilling of the second well.

IT Services providers have been experiencing low demand amid macroeconomic uncertainty, with not many stocks in the sector offering near-term upside to consensus figures. Against this backdrop, analysts at Guggenheim shared in a note this week a list of the Best IT Services stocks to own for 2024.

VIENNA (Reuters) — The centre-left deputy mayor of Salzburg, Bernhard Auinger, beat his Communist rival Kay-Michael Dankl in a run-off vote for mayor on Sunday and pledged to work with him after Dankl focused on high housing costs in one of Austria's hardest-hit cities.

MahaRERA) has proposed that every real estate project needs to maintain three bank accounts in the same scheduled bank to ensure compliance, efficiency, transparency, accountability, and appropriate utilisation. It has proposed a 'collection account', a 'separate account' and a 'transaction account'. The collection account will receive all payments from the allottees and account for other charges excluding taxes and statutory duties.

It’s been a crypto-rific week for most traders.    The success of most cryptocurrencies in the past week’s bull run have placed all eyes on Bitcoin (BTC) and top altcoins.    However, through the madness of the bull run, some investors have still been Dollars Cost Averaging into a particular token presale.  That consistent flow of investments has now pushed that new ICO, for the Mollars token , past the milestone of 51% of the presale token supply being sold out.

₹12,500 crore OTT content spending, according to the latest Ficci EY Media and Entertainment Report. Moreover, while 24% of total OTT costs were allocated to acquiring film rights, only a quarter was spent on original content. However, streaming platforms saw minimal growth in total content hours, holding steady at 3,000 hours compared to the 2022 levels.

software can be for the government. Even after an extensive investigation, Karen Hogan, the auditor general, said she could not determine exactly what it had cost to create ArriveCAN, which was rushed out in 2020 to collect contact and health information from international travelers during the Covid-19 pandemic and to coordinate quarantine measures.

Investing.com — Investors will be looking ahead to data due out when markets are closed on Friday for the latest read on U.S. inflation. Several Federal Reserve officials, including Chair Jerome Powell, are slated to speak and their comments will be closely watched after last week’s dovish remarks by the Fed head. Here’s what you need to know to start your week.

Tech Mahindra, India’s one of leading IT services and consultation firms, has said that the company will be merging its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc as the respective companies have approved the consolidation on Friday i.e. March 22, 2024. “A Plan of Merger of Born Group, Inc., wholly-owned step down subsidiary of the Company with its parent company viz.

Tech Mahindra said it plans to merge its two wholly-owned subsidiaries, Born Group and Tech Mahindra (Americas), to synergise business operations, optimise operational cost, and reduce compliance risks. The merger is subject to regulatory approvals in the country of incorporation. According to a regulatory filing, the appointed date of the plan of merger is April 1, 2024. «A Plan of Merger of Born Group, Inc., a wholly-owned step-down subsidiary of the Company with its parent company viz. Tech Mahindra (Americas) Inc., a wholly-owned material subsidiary of the Company, has been approved by the respective companies on Friday, 22nd March 2024,» the company said.

Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 percent in 2020 to 76 percent in 2023 while for diesel vehicles it has slightly decreased from 12 percent in 2020 to 11 percent in 2023. The sales volume of alternative fuel-driven vehicles recorded a growth of more than 400% in Calendar Year (CY) 2023 as compared to CY2020, though on a much smaller base.

gold in the last one week has been -1.93%, whereas in the last month it has been -5.87%. The cost of silver is Rs.76500.0 per kg Gold Rate Today in Delhi is ₹67991.0/10 grams. Yesterday’s Gold Rate on 23-03-2024 was ₹67985.0/10 grams, and last week’s gold rate on 18-03-2024 was ₹66674.0/10 grams.

Vedanta Ltd will invest USD 6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas as it looks to add at least USD 2.5 billion to annual EBITDA, its executives said in an investor meeting. It has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and boost EBITDA from an expected USD 5 billion in the current fiscal ending March 31 to USD 6 billion in the next and up to USD 7.5 billion by FY27, they added. Vedanta Chairman Anil Agarwal, according to a presentation made at the investor meeting, said the company «will get to a different level in the next 25 years». His brother and vice chairman Naveen Agarwal gave details of the plans.

Harshvardhan Roongta, CFP, Roongta Securities, says “do not invest in any product to save tax. It is not about insurance or any other investment product. You have to look at the merit of that product. You should ask yourself a question any time that you are going to be looking at investing; would you invest in this product if there were no tax benefits available? If the answer is no, then do not invest in it only to save taxes.” March 31 deadline is almost around the corner and a time when people look at a lot of tax saving instruments. It is usually an insurance policy in most of the cases and this is the time when we see a lot of mis-selling cases rising as far as insurance policies are concerned. A right way to look at insurance should be as an instrument against risk protection. But when it comes to saving taxes, you have a lot of options in insurance. How can one go about it? Harshvardhan Roongta: Yes, we are at the fag-end of the financial year and at this point in time, all the individuals or rather most of them will be running around to save taxes because they have deadlines to finish with their investments to save tax.

Saurabh Gupta, Group CFO, Dixon Technologies, says “there’s a $10 billion opportunity in IT hardware for India. $10 billion worth of IT hardware products are imported into India. So, it is a large opportunity for import substitution and if India is able to do a good job as an industry, if you are able to generate that operating leverage and cost competitiveness, in a few years, yes, it can potentially get exported from India as well.” Gupta also is confident that achieving a growth rate of 35-40% annually should not be a challenge over next few years. On EMS, India’s position & Dixon’s share Saurabh Gupta: If you look at the whole electronic manufacturing space, India's share in the global electronic space is just 2%. But if you look at the whole government policy framework, as far as the labour pool availability and labour cost in India is concerned, we are looking at a very significant growth potential in this particular sector. The reason is increasingly, brands want to outsource more and more manufacturing and not only manufacturing, they want to deepen the level of manufacturing and in our sense, it will be more design-led manufacturing for us and also, the government policy framework has been very supportive.

When a Swedish startup launched a new material made from recycled textiles in late 2022, the fashion industry hailed it as a game changer in its efforts to lessen its environmental impact. Last month, the company, Renewcell, filed for bankruptcy. While some big retailers, including H&M and Zara, were enthusiastic backers, not enough brands committed to buying its material.