COST Financial News

Inflation declined in January and consumers' buying power rose as price pressures for U.S. goods and services continued to ease.

₹9,350 crore ($1.125 billion) to the promoters of the company. Moody's maintained stable outlook ratings for Adani Green Energy Restricted Group (AGEL RG-2), comprising Wardha Solar (Maharashtra) Pvt.

₹10,000 every month in an equity mutual fund (MF) for 20 years, they would get around ₹1 crore assuming an annual growth rate of 12%. However, the gains would be subject to 10% long-term capital gains taxation, which would be around ₹7.6 lakh. Debt MFs are taxed at a higher rate based on the investor’s income tax slab rate.

US consumer prices jumped at the start of the year, tempering hopes for a continued drop in inflation and likely delaying any Federal Reserve interest-rate cuts.

Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.

Canadians already complain about the higher costs of electric vehicles, but just wait until they get the insurance bill.

Zee Entertainment Enterprises Ltd is charting a three-pronged approach – cutting costs, reducing overlaps between businesses, and enhancing quality to regain margins – after its merger with Sony Pictures Entertainment collapsed, managing director and CEO Punit Goenka said in an earnings call on Tuesday. “Going forward, there will be a sharper emphasis on frugality, with a crystal-clear focus on quality and output. Across verticals – including technology, content and marketing – we are implementing steps to optimise spends and enhance the return on investments.

defence ministry signed a Rs 2,269-crore deal with state-run Bharat Electronics Limited (BEL) on Tuesday for the procurement of 11 Shakti warfare systems, along with associated equipment. The electronic warfare system will be installed on-board the frontline warships of the Indian Navy, officials said. The Shakti systems are capable of accurately intercepting electronic emissions and implementing counter measures in a dense electromagnetic environment, they said. «The Ministry of Defence has signed a contract with Bharat Electronics Limited (BEL), Hyderabad on February 13 for procurement of 11 Shakti Electronic Warfare Systems along with associated equipment/accessories for Indian Navy under Buy (Indian-IDDM) category at a total cost of Rs 2,269.54,» the ministry said in a statement.

Turnover meaninghow rapidly a business receives cash from its accounts receivable or selling its inventory. Analysts and investors use turnover ratios to ascertain if a company is known for a good investment. Some basic types of turnover consist of: As discussed above, turnover is a synonym for revenue, it is of utmost importance for survival and growth for any company or organisation to continue its operations.

Hindalco Industries, the flagship company of the Aditya Birla group, on Tuesday reported a 71% year-on-year jump in its consolidated net profit to ₹2,331 crore for the quarter ended December driven by a robust performance of its aluminium and copper businesses. The copper business registered an Ebitda growth of 20% on the back of strong volumes and robust operations, said Satish Pai, managing director of Hindalco Industries Ltd. Ebitda is earnings before interest, tax, depreciation, and amortization.

₹420 discount. The listed price was ₹2,550. In addition, I also received a MAC cleansing oil free," she said.

In a year marked by inflation and economic challenges; interestingly, there has been a surge in the discretionary spending on consumer products by India’s growing middle class. One of the driving factors behind this consumption uptick is the improved access to unsecured loans. The rise of fintech and digital lenders has played a pivotal role in improving the ease of borrowing especially for the tech-savvy Gen Z customers. Further, advent of data analytics and increased focus on customer centricity has ushered in innovative products including no-cost EMI options. According to a study, ~75% of customers used credit to acquire consumer durables and home appliances.

While the advent of any new legislation brings with itself its own set of challenges in respect of enforcement and application, the onset of the Real Estate (Regulation and Development) Act, 2016 (RERA) has been instrumental in bringing enhanced transparency, accountability of developers, instilling significant comfort and confidence in home buyers and reshaping the landscape of the Indian real estate industry. Prior to commencement of RERA, there was not only limited scope of dispute resolution for flat buyers but also a lack of control and regulation of finances amongst promoters which led to exploitation at the cost of allottees.

(Reuters) — Incyte (NASDAQ:INCY) Corp on Tuesday reported fourth-quarter profit below Wall Street estimates, hit by higher costs related to its products such as skin disorder drug Opzelura and forecast weak sales for its lead product Jakafi this year.

Revenue from operations during the third quarter fell 3% year-on-year (YoY) to Rs 2,045 crore.

Swaminathan Committee report. Be it in Maharashtra, Madhya Pradesh, Punjab or Tamil Nadu, farmers from various states over the years have sough the implementation of the MS Swaminathan Commission's recommendations in toto. The capital city, choc-a-bloc with protesting farmers demanding MSP guarantee law, Swaminathan Committee report, Electricity amendment bill and debt waiver.

Biogen (NASDAQ:BIIB) shares are down more than 5% premarket Tuesday after the company reported earnings for its latest quarter, missing the consensus profit and revenue estimate.

Today marks the release of the most crucial event of the week – the US inflation data report.

By Sriparna Roy and Bhanvi Satija

By Amina Niasse

farmers protest in the country, Rahul Gandhi on Tuesday announced that Congress will provide a legal guarantee of Minimum Support Price (MSP) to every farmer on crops as per the Swaminathan Commission. «Farmer brothers, today is a historic day! Congress has decided to give legal guarantee of MSP to every farmer on crops as per Swaminathan Commission. This step will change the lives of 15 crore farmer families by ensuring their prosperity. This is the first guarantee of Congress on the path of justice,» said the Congress leader in a post on social media platform 'X.'