COST Financial News

Muthoot Finance, Manappuram Finance, and IIFL Finance. With both Muthoot and Manappuram Finance maintaining their FY24 guidance for substantial gold AUM growth of 15% and 10%, the recent ascent in gold prices further acts as a tailwind. “Apart from stable competitive and pricing environment, the recent ascent in gold prices (5%/1% in FY24TD/ Q4FY24TD) bodes well for Muthoot and Manappuram’s AUM.

Suzlon Energy, the country's largest renewable energy solutions provider, jumped 4.60% in today's intraday trade to ₹40.50 apiece after the company bagged a new wind power project. Also Read: Suzlon Energy share slumps 5%, down 15% in last one month; Here's why In today's exchange filing, the company said it received a 72.45 MW wind power project from Juniper Green Energy Private Limited. The company will install 23 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each.

Indraprastha Gas has cut the price of compressed natural gas (CNG) in the capital Delhi by ₹2.5/kg effective from today, March 7. This reduction in the gas prices, effective from 6 am Thursday, will be in all the geographical areas of the gas distributor, IGL said in a post on X. The revised selling price of CNG in Delhi shall be ₹74.09 per kg, while it will be ₹78.70 per kg in Noida, Greater Noida and Ghaziabad.

As International Women's Day approaches, it serves as a poignant reminder of the achievements, struggles, and resilience demonstrated by women globally. Despite the myriad responsibilities they shoulder, societal expectations and ingrained gender norms frequently push women to prioritise the needs of others over their own. This tendency to prioritise caregiving and homemaking roles often leads to neglecting personal health and financial matters. 

CALGARY — Enbridge Inc. is bullish on the future of its Mainline pipeline system in light of projections that Canadian oil output could exceed the country’s pipeline export capacity as early as 2026.

TOI report, in the affidavit submitted to the High courts of Punjab and Haryana, the administration stated that it would refund the money deposited by the petitioners and the other applicants. Coming back to Bansal, he said that the UT administration shelved the housing scheme more than 16 years after it was introduced. He added that the decision was made in response to an increase in land costs, which has led to breaking the dreams of over 4,000 employees, many of whom even passed away while waiting for a flat, a report by Hindustan Times stated.

The American Century Cos. in 2021 admitted in a federal settlement with the Department of Justice that it had conspired with a wealth management firm also located in the Kansas City, Missouri, area, to dampen the local job market by suppressing and eliminating competition for workers.

Federal Reserve Chair Jerome Powell reiterated to lawmakers that the US central bank is in no rush to cut interest rates until policymakers are convinced they have won their battle over inflation. 

The government's new free electronic filing system for income tax returns is getting its first users this filing season

A growing number of climate-conscious Europeans want to give up flying in favor of long-haul trains, especially younger travelers

Investing.com — The economic outlook continued to trend «positive» as expectations for rate cuts is expected to boost growth just as tightness in the labor market continued ease and inflation pressures moderate, according to the Federal Reserve's Beige Book released Wednesday.

Strategic Investment Plans (SIPs) of nine states, including Rajasthan, West Bengal and Gujarat, that seek to bring down the cost of compliance and improve access to credit for micro, small and medium enterprises there, a government official told ET. «A total of Rs 713 crore has been approved for these nine SIPs,» the official added. SIPs of Meghalaya, Chandigarh, Tripura, Nagaland, Uttarakhand and Himachal Pradesh also received go-ahead on Wednesday. So far, 25 states and union territories have submitted SIPs to the ministry of micro, small and medium enterprises since the roll out of the scheme in 2022. Tamil Nadu, Karnataka and Maharashtra were the early states to submit SIPs, while Arunachal Pradesh, Chhattisgarh, Jharkhand and Manipur are yet to submit their SIPs.

The Bank of Canada held its key overnight interest rate at five per cent Wednesday, with governor Tiff Macklem declaring it’s “still too early” to consider lowering the policy rate.

The Bank of Canada held its benchmark lending rate at five per cent on Wednesday and gave little away in its official statement for when it might be ready to start cutting.

ITC has premiumised the personal care business with the contribution of premium products to sales doubling in the last four years to 38% and accounting for about two-thirds of all the new products launched in the last two years, said the divisional chief executive for the business Sameer Satpathy. This focus on premium products has also helped ITC break even in the personal care business that is now generating profit consistently quarter on quarter, analysts said. While Satpathy refused to specifically comment on this, he said this focus on premiumisation has a positive impact on the bottom line by improving margins.

Many large public companies will eventually have to report climate-related risks under a final rule passed by the SEC today – but the requirements are significantly more limited than what the agency initially proposed and what climate groups wanted.

Indraprastha Gas Limited on Wednesday said the retail consumer price of Compressed Natural Gas (CNG) has been reduced by ₹2.50 per kg across all geographical areas of the natural gas distributor from 6 am on Thursday, March 7, 2024. “The revised selling price of CNG in Delhi will be ₹74.09 per kg, while it will be ₹78.70 per kg in Noida, Greater Noida and Ghaziabad from 6 am tomorrow morning", the Indraprastha Gas said in a post on X (formerly known as Twitter).

Many small businesses don’t offer a retirement plan to employees, since it can be quite costly and complicated

The U.S. Securities and Exchange Commission has weakened a proposed climate disclosure rule after strong pushback from companies and others

In case you needed yet another incentive to cram all your travel items into a carry-on, Delta Airlines has just boosted the cost of your first checked bag by 17%

A wage law in New York City meant to protect food delivery workers is getting backlash from app companies like Uber, GrubHub and DoorDash