COST Financial News

₹77,000 crore) is exhausted. Further, license fee should be brought down from 3% to 1% at the earliest, to cover only administrative costs by the department of telecommunications," a statement by Coai said.

₹19 lakh. As he had a cover of $100,000, the same was covered under his international travel insurance policy. Claims due to emergency medical treatment are in fact the third most common claims at Digit.

₹100, the Railways must spend ₹98. A fall in operating ratio means the transporter has more money left for capital expenditure, and vice versa. After falling to 97.45% in FY21, the railways’ operating ratio rose to 107.39%, 98.22% and 98.45% in FY22, FY23 and FY24 (budget estimates), respectively.

₹691 crore in the December quarter as domestic demand rose. Consolidated revenue was flat at ₹9,127 crore, with a 43% increase in (Ebitda) earnings before interest, tax, depreciation, and amortization at ₹1,246 crore. “Due to the Red Sea issue, both our time to Europe and our cost to Europe have increased.

The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers facing rising home prices and intense competition for relatively few properties on the market

Shares of Humana are tumbling after the health insurer said it was still dealing with higher-than-expected care costs from its Medicare Advantage customers and it chopped earnings expectations

The U.S. hit a United Arab Emirates shipping firm and its 18 vessels with sanctions after it transported Russian crude oil above the $60 per barrel price cap

A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes

Civil aviation minister Jytoriaditya Scindia on Thursday warned that airlines should improve their efficiency or risk losing customers. He also said that the government will take strict action against airlines who don’t follow the regulations regarding passenger rights. “I would urge the airlines to not only focus on passenger volume but also improve their efficiency.

This sale is perfectly timed for those looking to purchase their first printer or replace an outdated model with a more efficient and feature-rich option. From compact and cost-effective models perfect for everyday printing needs to advanced, multifunction printers capable of handling large volumes, the range of discounted printers caters to various requirements and budgets. Whether you're printing documents, photos, or creative projects, these printers promise high-quality outputs with enhanced connectivity and ease of use.

₹2,301 crore at the end of the December quarter for FY2024 owing to higher interest income and lower provisions, despite fresh slippages in the quarter. The bank reported a net profit of ₹1,963.64 crore in the same period a year ago. The bank’s core income or net interest income grew 18% y-o-y to ₹5,296 crore at the end of December quarter.

By Shristi Achar A and Shashwat Chauhan

Stranger Things: The First Shadow' has been captivating audiences for several months now. This prequel production provides insights into events preceding the main series. While the original season debuted in 1983, the most recent season unfolded in 1986. In contrast, 'The First Shadow' transports viewers back to 1959, a period touched upon in Season 3 through flashbacks for the Creel family.

IPO and sending shares tumbling as much as 14%. Executives on a call said the company planned to raise prices on its sandals and clogs this year after it had «underestimated the inflation effects» in fiscal 2023. Birkenstock expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of about 30% for 2024, citing a «modest headwind» from costs tied to investments. That compares with adjusted EBITDA margin of 32.4% for fiscal 2023, which was the first drop in four years. The margin outlook for 2024 is «conservative,» executives said. «The company is guiding to… a hurdle with respect to taking profitability down more than expected next year,» said Jason Benowitz, senior portfolio manager at CI Roosevelt. So overall «these results were just not strong enough to sort of justify the current premium that was in the shares.» The stock ended about 19% higher in 2023 after a weak market debut in October. «The IPO price had already baked in a lot in terms of future upside, and until we see the company deliver as well as exceed those expectations it's hard to see the share price move further,» said Swetha Ramachandran, who manages a global consumer brands portfolio at Artemis Fund Managers in London. However, Birkenstock forecast 2024 revenue to be between 1.74 billion euros and 1.76 billion euros, above analysts' expectations of 1.72 billion euros. Demand for Birkenstock's footwear, which retails for as much as $350 a pair, has remained resilient and the company has also benefited from efforts to boost sales through its own website and stores. Unit growth was 6% in 2023 while average selling price increased 14% since fiscal 2022, driven by higher full-price sales. Quarterly revenue

Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year.

Mint. “Since obtaining the PA licence, we have already onboarded over 25,000 accounts (or merchants) that were pending for the past 12 months. With expectations of 45,000 to 50,000 monthly merchant leads going forward, we are confident of a sustained growth of our platform," he added. When there were no new business/merchants coming onto its payments platform due to the regulatory ban, the once-profitable Cashfree—which claims to have about 3-4 lakh merchant base—said it invested more time developing new products and building new lines of businesses.

Macro Trends Advisors founding partner Mitch Roschelle joins 'Varney & Co.' to discuss the housing market under the Biden administration as monthly mortgage payments continue to soar. 

₹20 lakh. The curtains go down at 5pm everyday on their own and the lights turn on. The home theatre has a preset ‘movie mode’.

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WASHINGTON (Reuters) — U.S. single-family homebuilding dropped sharply in December after a string of strong gains, but new construction remains underpinned by a shortage of previously owned houses for sale.

There were 52 mergers and acquisitions in the RIA industry in the fourth quarter of 2023 and it’s looking likely that activity will remain strong for some time.