COST Financial News

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers, on 'The Claman Countdown.'

Corporate bond research firm Gimme Credit downgraded Macy's (NYSE:M) to Stable from Improving in a note Thursday.

By Lucia Mutikani

BSE. Advent entities shall own around 66.7% stake and the public shareholders will hold around 33% stake in the merged entity. This ratio is pre-ESOP dilution," the firms clarified in the release.

Health Minister Mark Holland has tabled the legislation to create the framework for a national single-payer pharmacare program Thursday afternoon.

Kesoram has completed the refinancing of its nearly Rs 1900 crore high-cost debt, yielding a benefit of almost 800 basis points in interest rates, a senior company official said on Thursday. The company borrowed approximately Rs 1900 crore in March 2021 from a group of investors in Non-Convertible Debentures (NCDs) and Optionally Convertible Debentures (OCDs) at an interest rate of close to 19 per cent. On Thursday, the company announced the redemption of the entire outstanding outstanding NCD amounting to Rs 1487 crore before maturity. OCDs were redeemed earlier, officials said. «We have refinanced the entire debt on our books. We have refinanced about Rs 1500 crore from Tata Capital group and another Rs 350 crore from Hero Finance,» Kesoram's whole-time director & CEO P Radhakrishnan told PTI.

13th ministerial conference (MC13) of the World Trade Organization (WTO) got extended and entered into the fifth day as the 166-members couldn’t reach a consensus on key issues of agriculture, fisheries subsidies, ending the moratorium on imposing customs duties on e-commerce transmissions and dispute resolution reform. Moreover, talks on elements on trade inclusiveness, women’s participation in trade, industrial policy and environment, in the draft Abu Dhabi package also remained unresolved. “Members are indicating that additional time will be needed to iron out some of the outstanding issues,” said an official, adding that, for this reason, the informal meeting of heads of delegation and the formal closing session were postponed to Friday.

Hybrid sales overshadowed electric cars in India in 2023. This is in spite of the fact that hybrids do not get tax concessions or incentives—unlike battery-operated cars. Is this just a blip or a definitive shift in consumer preference? What is driving it? Mint explains: In 2023, sale of hybrid cars touched an all-time high of 82,607 units.

number of births, the number of marriages in Japan dipped 5.9% to 489,281 in 2023. As per news agency Reuters, this is the first time in 90 years that the number of marriages in a year dropped below 5,00,000. A spokesperson of the Japanese government said that the administration is ready to implement "unprecedented measures" to address the diminishing birth rate.

Modi will reach West Bengal on a two-day visit to Hooghly’s Arambag and Nadia district’s Krishanagar, starting from Friday. On Friday, Modi’s first stop will be at the Durgapur helipad, from where he will head towards Jharkhand’s Sindri. Following the programme in Sindri, Modi will reach Hooghly district's Arambagh where he will inaugurate a number of projects, lay foundation stones and then address a public rally. The Prime Minister will participate in a public rally, where he will inaugurate, dedicate and lay the foundation stone of multiple development projects worth more than Rs 7,200 crore in Arambagh, Hooghly, West Bengal.

Cohance Lifesciences Ltd on Thursday signed a definitive agreement to merge their businesses, which will further strengthen the former’s position in the contract development and manufacturing organisation (CDMO) space. Promoter of Suven Pharma, Advent International, had said last year that it would merge the two businesses post the buyout of its significant stake in Suven Pharma.

www.dhiindia.com). See his experience at https://www.youtube.com/watch?v=8ZSN6D-l4mQ In a procedure lasting just a few hours, he transformed his life forever with hairs to envy! He chose a DHI clinic in India due to their award-winning “Direct Hair Implantation" technique, which works as per “DHI Total Care System", perfected over the past 50 years by DHI Medical Group. Every hair transplant procedure is performed by highly skilled and trained surgeons who are best in the business.

unanimously decided to serve upon "Indefinite Strike Notice as per relevant Rules on 19th March 2024, and the Indefinite Strike to comment on 1st May 2024 i.e on international Labour Day". The press note shared by him said that after "considering the prevalent situation thoroughly and keeping in view the Non-Response of the Government on Restoration of Defined Guaranteed Old Pension Scheme in place of NPS", the committee decided "that there is no alternative left but to resort to direct action by all constituent trade unions collectively".

Indian economy recorded a faster-than-anticipated expansion of 8.4% in the third quarter of the year compared with 8.1% in the second and 8.2% in the first quarter, according to official data released Thursday. The jump in growth numbers pushed FY24 growth to 7.6%, up from 7.3% estimated in January. “Overall, the Indian economy ticks all the boxes in the right way,” said chief economic advisor V Anantha Nageswaran.

Between bridge and tunnel tolls and parking fees, it can already cost a mint to drive a car into Manhattan

An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month

Best Buy reported lower fourth-quarter sales and net income as shoppers remain cautious about spending on gadgets

NPST on Thursday announced that it has secured a contract for an Online Dispute Resolution (ODR) solution from DCB Bank. Private sector lender DCB Bank will implement NPST's ODR to streamline customer complaint addressal, enhance efficiency and rationalise operational and compliance costs, the company said in a release. NPSI focuses on UPI payments and digital banking solutions. It functions as a Technology Service Provider (TSP) and a Third-Party Aggregator Provider (TPAP), it said. «NPST's Online Dispute Resolution solution aligns with DCB Bank's customer-centric ethos, ensuring safe and secure payments while fostering loyalty-building interactions and driving productivity and cost savings,» Deepak Chand Thakur, Co-founder and CEO of NPST, said.

International Game Technology said on Thursday it was separating its Global Gaming and PlayDigital businesses and combining them with gaming machine maker Everi Holdings in a deal valued at $6.2 billion, including debt. The deal follows a review of the two units and will leave IGT a pure-play global lottery business by separating its offerings such as land-based gaming, iGaming, sports-betting and fintech. The lottery business made up more than half of its overall revenue in the third quarter.

global economic slowdown and declining confidence in the economic outlook in Asia-Pacific region, India's mid-market businesses are hopeful of positive prospects in the near future, according to a report by Grant Thornton. Nearly 80 per cent of Indian mid-market businesses maintain a positive economic outlook in the next 12 months, up from 78% in H1 2023, the International Business Report (IBR) revealed. The survey conducted in the latter half of 2023 also noted that this is fuelled by India's domestic market and government initiatives such as 'Make in India', which are creating a favorable environment for growth.

₹5,000 crore($603.05 million), while mid-cap stocks are those with market values of between ₹5,000 crore and ₹20,000 crore. Small- and mid-cap stocks are generally less liquid compared to their large-cap peers. Assets managed by small-cap funds in India vaulted 86.5% over a 10-month period to ₹2.48 trillion ($29.92 billion) as of end-January and mid-cap funds jumped 58.5% to ₹2.9 trillion.