COST Financial News

Sweet Easter baskets will likely come at a bitter cost this year for consumers as the price of cocoa climbs to record highs

Who does not like a new car with new features? Often when we plan to purchase a new car, the car features and technology are what we look at. However, we usually tend to ignore the financial aspect. If you are also planning to upgrade your car, you must keep in mind the financial factors and the maintenance cost.

interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month. The bank's monetary policy committee decided to raise the policy rate from 45 percent to 50 percent, with a statement citing «the deterioration in the inflation outlook».

Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to curtail spending on its consulting services, sending its shares down around 5.6% in premarket trading. Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%.

Also Read: These ELSS mutual funds gave over 20 percent annualised returns in the past five years. Check details Mutual funds have also been directed to value the utilisation of overseas investment limits at the cost of acquisition and not as per the current market prices.

Accenture cut its fiscal-year 2024 revenue forecast on Thursday, as an uncertain economy prompts clients to curtail spending on its consulting services, sending its shares down around 5.6% in premarket trading. Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%.

banks have seen an erosion in their low cost deposits as customers chase higher yields, and infrastructure demand is accelerating with the segment witnessing strong loans growth, showed a survey of bankers. ``Customers’ search for higher rates and the ability to lock those interest rates for a longer time has led to a shift in favour of term deposits,’’ said the FICCI-IBA Survey of Bankers. ``Term deposits have picked up pace. Around 70% respondents have reported a decrease in the share of CASA deposits in total deposits.’’ Some sectors like infrastructure, iron & steel and food processing are witnessing growth in long term credit demands. Major infrastructure development plans have been in place by the Government to facilitate quick capital spending with a strong multiplier effect and this is likely to spur demand for infrastructure financing, said the report.

Shares of Accenture (NYSE:ACN) fell 5% in premarket trading Thursday after the professional services company reduced its revenue growth outlook for the full fiscal 2024 year.

By Terje Solsvik

MUMBAI : E-commerce platform Flipkart has rejigged its increment policy, splitting annual salary increases into two tranches rather than have those reflecting in an employee’s pay structure. In an effort to plug attrition, especially at the senior levels, the company will also roll out 100% bonuses to all its employees. According to a senior Flipkart executive, the Bengaluru-based e-commerce firm has detailed out the new compensation structure to its employees in a letter, which Mint has reviewed.

Indian Banking sector is structurally in stronger shape to ride the retail credit growth story over the next decade, amid rising consumerism. However, funding such growth via retail deposits at a reasonable cost among rising structural disruptions could emerge as the biggest challenge, said domestic brokerage firm Emkay Global Financial Services in its latest banking analysis report.

Mint. The investment comes a month after venture capital firm Jungle Ventures made a $20-million follow-up investment in Walko Food, which houses ice-cream brands such as NIC and Grameen Kulfi. On Wednesday, global consumer giant Unilever said it had decided to spin off its ice cream business, which houses brands such as Magnum and Ben & Jerry’s, to cut costs.

Hindalco Industries , Vedanta , National Aluminium (NALCO) share price rose 2-6% during the morning trades on Thursday. Though these three non ferrous stocks had corrected 9-16% from their February and March highs amidst volatility in the markets. However it is the declining raw material costs primarily that of coal that are to support profitability.

By Ritsuko Shimizu

By Emily Chow and Jeslyn Lerh

BEIJING (Reuters) — The deputy governor of China's central bank said on Thursday there is ample monetary policy room to deliver further cuts to banks' reserve requirement ratio (RRR), underlining market expectations for more easing measures to bolster the economy.

In a rare move on Wall Street, Chipotle Mexican Grill’s board has approved a 50-for-1 stock split

India is the top supplier of shrimp to the U.S., with Indian shrimp stocked in freezers at most of the nation’s biggest grocery store and restaurant chains

The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year

The Czech Republic's central bank has cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy

Mergers and acquisitions of registered investment advisors continued at a strong, if not spectacular pace, in 2023, with RIA buyers and sellers contending with a turbulent stock market at the start of the year and the increased cost of deal-making as a result of rising interest rates, according to an annual survey by Advisor Growth Strategies, an M&A advisory and management consulting firm.