COST Financial News

Mindspace Business Parks REIT has leased office spaces spread over 4.5 lakh sq ft in the quarter ended December, taking its cumulative leasing for the nine months of the current financial year to 1.6 million sq ft. The REIT has witnessed a robust trend of expansionary demand with over 80% of the new and pre-leasing by existing occupiers across various sectors. Of the total fresh leases, it has re-leased 4 lakh sq ft office space at a 17.1% higher rent during the quarter.

Denmark on Monday sent a frigate to the Red Sea, where it will participate in a U.S.-led coalition to safeguard commercial traffic against attacks by Yemen's Houthi militants. The Iran-aligned Houthi have launched waves of exploding drones and missiles at commercial and navy vessels since Nov.

UBS Group strategists are forecasting a challenging period ahead for global equities, which are currently trading near all-time highs.

Samsung is set to begin manufacturing laptops at its Noida plant this year, TM Roh, president and head of the MX business, said Monday, adding that India was a key production manufacturing «We will start manufacturing laptops this year at the Noida factory. Preparations are already underway,» said Roh, who is visiting India.

₹1,663 crore) by way of a rights issue to all its equity shareholders. The proposed rights issuance by TLPL aims to fund the ongoing capital expenditure and support general corporate purposes, the company said in a release. The fresh raising of funds after Byju's released its audited results for 2022 and reported a significant increase in losses, surging from ₹4,564 crore to ₹8,245 crore compared to the previous year.

(Reuters) — Vince McMahon resigned from wrestling giant TKO Group and the subsidiary WWE that he founded, over a lawsuit accusing him of sexual assault and trafficking, which he said he will fight, the company said on Friday.

By Sergio Goncalves and Andrei Khalip

The government’s direct tax collections as a share of gross domestic product (GDP) reached a 15-year high of 6.1% in FY23, while the cost efficiency of collecting that amount has increased sharply in the past two decades, showed data released last week by the Central Board of Direct Taxes (CBDT). The dominance of direct taxes over indirect taxes in the government’s tax streams has been consistent over the past decade.

Shriram Finance jumped over 6 percent to their record high on Monday on the back of strong show in the quarter ended December (Q3FY24). Moreover, positive reviews by various brokerages post the results also aided the sentiment. The company's consolidated net profit rose 4 percent year-on-year (YoY) to ₹1,873.59 crore in the quarter under review versus ₹1,801.66 crore recorded in the same period of the previous year.

ONGC (Oil and Natural Gas Corporation ) share price rose more than 5% during the intraday trades on Monday as it scaled 52-week highs. The stock was amongst the largest gainers in the Nifty-50 stocks.

There are different health insurance plans for families that are available with various benefits; however, not all of these can be the right choice for you. To make it easy, we have mentioned different factors to look for when exploring insurance plans. Factors to look for: Term life insurance Here are some key factors to weigh when buying term life insurance: 1. Compare different insurers – Premiums can vary widely, so compare quotes from several highly rated companies before choosing where to buy term life.

Nationally Determined Contributions (NDC) to reduce emissions intensity. the construction and operation of buildings, responsible for approximately 40% of global carbon emissions become particularly significant in this regard.

Adani Power, the largest private thermal power producer in India, jumped 5% in early trade on Monday, reaching ₹570 apiece, after the company posted a robust set of numbers for the December quarter. In Q3 FY24, Adani Power reported a significant boost in net profit, soaring from ₹9 crore in the corresponding period last year to ₹2,738 crore in Q3FY24, primarily driven by increased revenues.

DUBLIN (Reuters) — Ryanair on Monday trimmed its profit forecast for the year to the end of March after some online travel agents stopped selling its flights in December, forcing it to cut fares to fill seats.

By Tom Sims, Jesús Aguado and Valentina Za

health insurance plan is indispensable to keep your sudden expenses in check. Be it an accident or hospitalisation, unanticipated medical bills can throw your financial planning out of gear. Add a child birth, the scenario remains similar but the distinction lies in the fact that it is neither an ‘accident’ nor an ‘illness.’ The insurers, therefore, treat this life situation quite differently and even impose a waiting period of two years or so before one can start to avail the maternity benefit.

₹715.05 apiece on the BSE. SBI Cards and Payment Services Ltd, the State Bank of India-backed credit card services provider reported an 8% growth in its net profit to ₹549 crore in the third quarter of FY24, from ₹509 crore in the same period a year ago. The company’s total income in Q3FY24 rose 30% year-on-year (YoY) to ₹4,742 crore from ₹3,656 crore in Q3 of last fiscal year.

SBI Life Insurance Company jumped nearly 3% to the day's high of Rs 1420.15 on the BSE on Monday following the company's decent December quarter earnings. Brokerages remain optimistic about the prospects of the state insurer, with Jefferies and CLSA reiterating their buy views on the counter. The latter also raised the price target, highlighting the company's wide presence as an advantage. Among domestic brokerages, Motilal Oswal and Nuvama maintained their buy views. SBI Life on Thursday reported a net profit of Rs 322 crore for the quarter ended December, up 6% from Rs 304 crore posted in the same quarter last year. Net premium income for the third quarter increased 16% year-on-year (YoY) to Rs 22,316 crore. Read More: SBI Life Q3 Results: PAT rises 6% YoY to Rs 322 crore; net premium income jumps 16% Here's what brokerages said:

Adani Power: The Adani Group company saw its consolidated net profit increase more than more than 300-fold to ₹ 2,738 crore in the December quarter from ₹8.8 crore a year ago. Consolidated revenue from operations rose 67.3% year-on-year to ₹12,991.4 crore. SBI Cards and Payment Services: The company clocked 7.8% year-on-year growth in profit to ₹549 crore in the December quarter.

Five years after Bengaluru’s Church Street received a facelift, it is struggling with dumped garbage, broken pavements, damaged street lights, brazen illegal parking and inadequate maintenance in general. It has been painful to observe this deterioration right outside my office. At this point, you are perhaps rolling your eyes and saying “what’s new?", since we all know about the corruption in local government, incompetence of city authorities and the ‘lack of civic sense’ among our people.

corpus of Rs.10.5 crore to sustain inflation-adjusted withdrawals till the age of 85. To build this enormous nest egg, Nagarajan needs to put away nearly Rs.80,000 every month in avenues that earn her 10% annualised returns. However, the Chennai-based IT professional earns Rs.60,000 per month and spends nearly all of it. “If I start saving for retirement, I will have nothing left to spend,” she says. Many people dream of a care-free retirement, with lots of spare time and enough money in the bank. This dream may remain just that if you haven’t saved enough. The road to building an adequate nest egg is full of pitfalls. Topping the list is investing less than you need to. A 30-year-old, aiming at a retirement income of Rs.50,000 a month, will need to invest Rs.35,000 a month for 30 years to live comfortably till the age of 90. Invest less than this amount and your nest egg will be finished in no time (see graphic). “Under-funding of retirement corpus is a common problem. People don’t realise this until much later, when money starts running out,” says Abhishek Kumar, Founder & Chief Investment Adviser, SahajMoney. No more nudges It is here that compulsory savings play an important role. The mandatory monthly contribution to retirement plans, such as the Employees’ Provident Fund and the NPS, means that salaried people are putting away at least 12% of their income towards retirement. Add to this the tax-saving investments under Section 80C, which force many people to put away money in long-term investments.