COST Financial News

Malabar Gold, Senco debut on Deloitte's global luxury goods list The research firm raised its metallurgical coal price assumptions for 2024 to $270 per ton from $220 per ton. The primary drivers behind this surge are limitations in supply from Australia, heightened tensions in the Red Sea region, and robust demand from India and other markets outside of China.

Congress regime’s second budget slated for Friday, hotels and restaurants are pressing the government for the industry status and easing out licensing challenges. An industry status like restaurants in Gujarat and neighbouring Maharashtra enjoy, would give them benefits in property tax and electricity tariffs. Only selected five-star hotels in Karnataka have received the status till date, South India Hotel Association president Shyama Raju told ET. “Hotels in Maharashtra got this status a few years ago…we hope that if the Karnataka government comes through, the rest of the south Indian states would follow suit,” Raju, who is the MD of Bengaluru’s Hotel Maurya said.

 Realtor.com chief economist Danielle Hale breaks down housing affordability on 'Maria Bartiromo's Wall Street.'

Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing their prices decline instead of rise.

The cost of living adjustment (COLA) of Social Security in the year 2025 is forecasted at 1.75% as per an analysis done by The Senior Citizens League (TSCL), a non-profit, neutral advocacy group for seniors.

Canadians appear to be focusing less on saving for retirement and more on trying to make ends meet, though most still want to retire early.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

By Bianca Flowers and Aatreyee Dasgupta

Narendra Modi on Wednesday inaugurated Abu Dhabi's first Hindu stone temple amid devotional chants and in the presence of spiritual leaders of the Swaminarayan sect. Dressed in a light pink silk dhoti and kurta paired with a sleeveless jacket and stole, the prime minister participated in rituals of a ceremony to dedicate the temple to the people. The prime minister also participated in "Global Aarti", which was performed simultaneously at over 1,200 temples of the Swaminarayan sect worldwide built by the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS). Earlier, Modi met people from different faiths who contributed to the construction of the first Hindu stone temple here.

Tuesday’s much-anticipated U.S. January CPI report was not what the bulls wanted to see.

Fat Brands chairman and founder Andy Wiederhorn details the economic impact of California raising the minimum wage to $20 an hour.

By Samrhitha A

Investing.com — Kraft Heinz Co (NASDAQ:KHC) has posted fourth-quarter net sales that missed expectations, as the packaged food group faced headwinds from recent price hikes that have dented demand.

An instant personal loan is a form of unsecured loan designed for diverse personal expenditures, be it to pay off your hospital expenses, meet your vacation expenses, consolidate debt, or buy some fancy gadgets and equipment. 

Indian steel-makers, with leverage for the sector weakening to 2021 levels if input prices remain at the current levels, said S&P Global Ratings. «We no longer think India's leading steel companies will shed debt in the coming fiscal year,» said Anshuman Bharati of S&P said in a note on Wednesday. «Instead, debt should remain at the same level, due to narrower steel spreads that will feed into cash flows.» The firm sees the consolidated debt of major steel makers in the country — which account for three-fifth of the country’s production — at 2.1 trillion rupees as on March 2025, up 150 billion rupees from what was previously estimated.

Karnataka assembly on February 13 for not generating any employment at its Hubballi campus. Arvind Bellad, the deputy leader of the opposition and BJP leader, called for the government to revoke the 58 acres of land allocated to Infosys in Hubballi due to their failure to create jobs. Criticism in the Assembly During a discussion on local employment opportunities at industrial establishments in the session, Bellad, representing Hubballi-Dharwad (West), stated, «Infosys took 58 acres in an industrial estate in my constituency but has not created a single job, only engaging in gardening and landscaping.»

₹90 for this 52-kilometer stretch from Nerul to Mantralaya. “We have planned at least four services and two air-conditioned electric buses will ply through the bridge," NMMT manager Yogesh Kaduskar said as quoted by HT.

hundreds of farmers were tear-gassed at the Delhi borders to restrict them from entering the national capital. Farmer unions have huddled at Delhi borders to pressure the government in accepting their demand of a law that guarantees MSP for all crops and the determination of crop prices as per the Swaminathan Commission’s report.

Warehousing & Logistics recorded absorption of 37.8 million sq ft, 21% higher, compared to the previous year. Absorption has been on the rise since 2021, increasing gradually year over year. Despite dried-up investments in 2023, absorption surpassed pre-pandemic level of 2019 by 15%. The sector received investments worth USD 646 million in 2023, accounting for 15% of the total institutional investment received in the real estate sector. However, investments declined by 65% in 2023 over the previous year as investors opted for wait-and-watch mode amid global macroeconomic uncertainty. In the past decade, 3PL companies emerged as a preferred choice for several businesses as these companies can optimize cost along with providing flexibility to their clients in case of demand uncertainty.

National Aluminium Company (NALCO) share price gained more than 8% during the intraday trades on Wednesday following strong Q3 performance reported by the company. During the December quarter NALCO, the Navratna PSU saw its net profit rise 78 % to ₹488.47 Crore compared to ₹273.85 crore in the year ago quarte Crore in the previous quate year-ago quarter. Notably the net profit rose 137% over ₹206 crore reported by NALCO in the previous quarter.

wealth creation requires consistent investment over a long period of time. Investors are expected to focus on the ‘time’ period of investment instead of ‘timing’. This means, investors are meant to stay invested for a long period of time rather than waiting for the correction to happen before a good buying opportunity arises.