COST Financial News

connectivity, staying in touch while traveling is most important for both personal and business needs. The use of international SIM cards has become a popular solution, offering a versatile way to communicate without the burden of exorbitant roaming charges. International SIM cards serve as a bridge to worldwide networks, expanding the reach of your smartphone beyond local boundaries. Unlike local SIM cards tied to specific geographic locations, international SIM cards operate globally, providing flexibility for diverse travel destinations.

As two-wheeler ownership continues to rise in India, ensuring adequate insurance coverage is paramount for safety and financial security. Two-wheeler insurance not only provides protection against unforeseen accidents but also complies with legal requirements mandated by the Motor Vehicles Act, 1988.

Building coalitions with other WTO members will help India push for the adoption of open and interoperable payment systems like UPI with a view to cut the cost of money transfers or remittances, a report by think tank GTRI said on Monday. The dominance of a few large players in the market contributes to these high costs, through complex and opaque fee structures, the GTRI said.

Quality higher education is essential for developing the academic rigour required to shape one’s domain-specific skills to build a successful career trajectory. Education stands as a transformative force, empowering students to make substantial and meaningful contributions to the advancement of a robust economy. According to the latest reports, education inflation has surged to 12%, overshadowing the 6% consumer price inflation (CPI).

Who does not like earning while spending? This may not sound unrealistic, but it is very much possible with credit cards. Credit card cashback is a rewards initiative wherein cardholders receive a portion of their spending amount back on purchases. This cashback is either applied as a credit to the cardholder’s account or offset against upcoming bills, reducing the overall cost of transactions. When utilising a credit card for a purchase, a specific percentage of the transaction amount is refunded to the cardholder as cashback. The exact percentage is contingent on the card’s terms, conditions, and the nature of the transaction.

The winds of change are blowing through the Indian real estate sector, with Tier 2 cities emerging as the new growth engines. Fuelled by a growing population, rapid urbanization, and improved infrastructure, these cities are attracting not only residents but also developers eager to tap into their immense potential.

Owning a home is the biggest dream for the majority of Indians. As housing has become one of the most expensive investments in one’s lifetime, one may not be able to go about it without the help of a home loan — which in turn, is high in amount and has a longer repayment duration.

The Indian Express. The 24-hour water supply disruption will begin at 6 am on February 27 and will continue till 6 am on February 28. According to a report in Times of India's The Weather Channel, the city presently has access to about 1,850 million litres per day (MLD), but it needs at least 1,680 MLD more to meet water needs.

US Federal Reserve, which provides guidance on liquidity conditions, Ashima Goyal, a member of the Monetary Policy Committee said to Bhaskar Dutta in an interview. Edited excerpts: Is there a need for liquidity management to also be brought under the purview of the MPC? As the experience of the past six months shows us, liquidity conditions have been the driver of funding costs rather than the benchmark policy rate that the MPC votes on.

Gurugram, 23rd February, 2024: With the threat of climate change increasing by the day, green power has become the need of the hour. Across various industries, there is a growing recognition of the importance of transitioning to renewable energy sources to mitigate environmental impact and work towards achieving net-zero emissions goals. To bring India a step closer to procuring green power, BluSmart, India’s largest born-electric, fully integrated eMobility ride-hailing services and EV charging infrastructure network, proudly announces a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Ltd.

Gokhale Bridge is all set to re-open partially in Andheri on Monday, February 26. Mumbai's Guardian Minister (Suburbs) Mangal Prabhat Lodha will inaugurate the bridge today. It is expected that the bridge will be fully operational by December 2024.

Shriram Finance, KFin Tech, Eicher Motors, TVS Motors, Coal India, L&T, Thermax, NTPC, JSW Energy, Godrej Properties, Macrotech Developers, Bharti Airtel, Honasa Consumer, Zomato, Piramal Pharma, Apollo Hospitals, Ultratech Cement, Ambuja Cement, Kajaria Ceramics, Amber Enterprises, Supreme Industries, and PI Industries. Axis Bank: Axis Bank is one of Jefferies' top picks, as it believes that past investments have made the franchise stronger and that the bank is on track to deliver 16-18% growth in loans, improve its deposit profile, and sustain ROE of 18%. Integration with Citibank’s India retail platform is progressing well with limited attrition among staff and customers and significant scope for synergies in 60 areas on revenues and cost.

Maruti Suzuki India, Mahindra & Mahindra (M&M) and TVS Motor Company. Among auto ancillaries, the brokerage has a ‘Buy’ rating on Bharat Forge, Samvardhana Motherson International, Sansera Engineering and Suprajit Engineering. Also Read: Stocks To Buy: HDFC Securities sees 14-18% upside for SAIL Here are the three auto stocks to buy after Q3 results, as per HDFC Securities: Maruti Suzuki’s Q3FY24 net profit at ₹3,130 crore surpassed HDFC Securities’ estimates of ₹2,820 crore, led by a better-than-expected margin.

Shweta Rajani, Head-Mutual Fund, Anand Rathi Wealth, says “any capital asset that you have held and sold like real estate, depending on the holding period will be categorised under short-term or long-term capital gain. You could have had unlisted equity or listed equity that made any gains on that. You could have debt mutual funds, you could have some bonds that you have sold. So, again, listed bonds or unlisted bonds – either way – will again come under the head of capital gains. So, a simple definition is any capital assets sold will have an implication of capital gains.” Let us start by talking about the role that taxation plays in one's investment decision-making process and to what extent investors must be wary of tax when they are deciding where they want to invest and where they want to park their money. Shweta Rajani: Since we are talking about tax and investments, both are actually interrelated. When you are taking your investment decisions, one of the factors that one must look at would be taxation. So, generally when we are looking at our investment opportunities, we would look at what can be the return expectation, what is the time horizon, what is the risk factor. Like that, I think liquidity and tax implications should be one key factor for determining whether you should invest in that instrument or not. So, it should be, a key selection criteria, while it should not be the only selection criteria.

entrepreneur, you are either leading a team as a manager, or are accountable for some project or task where you require different people to work together for a successful delivery. A mental model is a summary or compressed version of how a thing works. Let’s consider how you can apply some of these models as a team leader. Occam’s razor The 14th century logician, William of Ockham, said, ‘Entities must not be multiplied beyond necessity.’ In other words, the simplest explanation or solution is usually the best one. As a team leader, your team brings to you tough problems, while time is usually your biggest constraint. Prioritise simplicity in approach. Encourage your team to use Occam’s razor to slice away layers of unnecessary complexity and to prefer simple hypotheses over complex ones. Investigate and implement work processes to reduce number of steps, training time and complicated decision-making. This will reduce errors and increase efficiency.

Tata Motors, Mahindra & Mahindra and Ola Electric—have already cleared the eligibility criteria for the incentives for multiple products, the certifications for auto parts makers were significantly delayed given a complex process involving auditor certifications for domestic value addition (DVA) at the component makers’ tier-II and tier-III vendors. With the advanced auto parts makers receiving certification confirming they meet the stringent 50% DVA criteria laid down under the scheme, the decks have now been cleared for the government’s move to finally start disbursements under the scheme, which it has said will begin in fiscal year 2025.

Across the EU, those battling climate change and defending the environment feel they are ever more on the defensive

By David Milliken

Mumbai bench of Income Tax Appellate Tribunal has allowed ICICI Bank Ltd to avail ₹1,855 crore bad debt write-off as deduction, but dismissed the private bank's appeal seeking ₹502-crore worth long-term capital loss allowance. The appellate tribunal was hearing ICICI Bank's appeal against an order of principal commissioner of Income tax (PCIT) for 2015-16. The PCIT had ruled that an allowance of long-term capital loss of ₹996 crore was irregular and that the bank had claimed an excess capital loss of ₹502 crore. The bank had calculated capital gain and capital loss while acquiring and selling shares, applying the cost of inflation index on foreign currency rather than Indian currency, it said. The ITAT bench of Sandeep Singh Karhail and Prashant Maharishi upheld the order of PCIT and observed that ICICI Bank transacted in Indian currency and, therefore, it could not have indexed the cost of inflation on foreign currency.

Reliance Industries Ltd (RIL) is planning to set up more than 50 compressed biogas (CBG) plants in the next two years at a cost of over ₹5,000 crore, according to two oil and gas industry executives aware of the development. At RIL's annual general meeting last August, chairman Mukesh Ambani had announced plans to set up 100 CBG plants in five years. CBG is a green fuel produced from waste or biomass sources. It has properties similar to compressed natural gas (CNG) and can be used for automotive, industrial and commercial uses. «RIL has tendered out over 50 compressed biogas plants to be set up in the next two years. It will shortly be floating a tender for the remaining plants,» said one of the executives. «The tenders have been given out for technology as well as engineering, procurement and construction.»

₹80,000 per month and the pill can cost ₹10,000 per month. The drug is even more expensive in the West. Yet, there is such strong demand for it that Nova Nordisk is unable to meet it.