COST Financial News

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its two per cent target will likely remain a bumpy one.

₹6,106 crore, down 7.3 percent from ₹6,586 crore in the year-ago period. Its consolidated revenue was flat, up just 1.3 percent to ₹38,821 crore versus ₹38,318 crore in the same period last year. The expectations had remained subdued from the IT sector as a whole and also from Infosys during the third quarter of FY24.

Investing.com — U.S. futures edged higher Thursday, ahead of the release of the December inflation data which could guide market expectations over potential Federal Reserve rate cuts this year.

Lyft Inc (NASDAQ:LYFT) shares dipped 1.4% in early Thursday trade after Goldman Sachs analysts lowered their rating to Sell.

For beginners venturing into the world of stock market investing, understanding the intricacies of demat charges is crucial. A demat (dematerialised) account acts as a digital repository for your securities, making it essential to grasp the associated fees and charges. Here's a comprehensive guide to decoding demat charges for novice investors.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

startup Ninjacart has reported a 19% rise in operating revenues to Rs 1,153.5 crore in the financial year ended March 2023. Losses during the period rose to Rs 326.4 crore from Rs 307.9 crore a year ago. The Tiger Global and Flipkart-backed company expects to post a net profit by the end of fiscal 2026.

RC Bhargava, Chairman, Maruti Suzuki, says: “We have preferred Gujarat because we have already established for the first site, a vendor base for all the components. These components today are catering to a demand for 750,000 cars a year. If we can make this to 2 million, there would be significant improvements in the economies of scale and therefore lower cost of production of components. And as components are close to 70% of the cost of a car, any reduction in the component cost is a major advantage to us. Secondly, we are going to more than triple exports by the end of this decade. The export of cars is largely taking place through a port in Gujarat.” We are speaking at a time when the Vibrant Gujarat Summit is underway and you have talked about expanding your presence there. What is the rationale for picking up the same state for the next one million units as well? Have you been that comfortable and successful in Gujarat? RC Bhargava: Well let me clarify, the MOU at the moment says that Gujarat is our preferred state for expansion by another one million units a year Now we have preferred Gujarat because we have already established for the first site, a vendor base for all the components.

₹ 500 crore, but now it applies to those with annual sales exceeding ₹ 5 crore. It is not required for retail sales to end consumers.

cross-border linkage is active for the major UPI apps such as BHIM, PhonePe and Paytm. The new functionality is set to enable Indians to receive remittances from Singapore-based Indian diaspora directly into their bank accounts. This facility can be accessed by users of BHIM, PhonePe, and Paytm apps.

invest in mutual funds online via Dhan in the top-rated direct mutual funds with 0% commission for a lifetime. Additionally, when you invest in mutual funds through the Dhan platform, you get a lightning-fast investing experience. In this article, we'll explore how mutual funds on the Dhan platform make investing simpler, smarter, and faster.

Also Read: Budget 2024: Industry status, more tax deductions, affordable housing boost among key expectations of real estate sector Among key measures sought by the coworking industry include lower GST rate for small-scale clients which is expected to help the industry boost their footprints by attracting small start-ups to be part of the industry as well as increase the revenue collection to the government. “The salary upper limit of ₹25,000 could be enhanced to ₹40,000 and timeline from 3 years to 5 years to enable start-ups/coworking entities to enjoy the benefit of Section 80JJAA as these industries are generating a greater volume of employment," said Manas Mehrotra, Founder, 315Work Avenue.

A man who was tunneling for gold underneath his kitchen floor, chasing a literal dream he had that there was precious ore waiting for him, has died after falling into the hole.

TOKYO—China’s near-monopoly on the solar-energy market has prompted the U.S. and allies to step up the search for workarounds. Engineers believe they have found one in a type of solar cell that looks and feels like camera film.

Alphabet Inc.’s Google is laying off hundreds of staff working on its digital assistant, hardware and engineering teams, the company said as it continues its drive to cut costs. Among the affected workers are those working on the voice-based Google Assistant and at the augmented reality hardware team. Workers in the company’s central engineering organisation were also hit by the cuts, the company said.

Red Sea in a scramble to avoid empty shelves this spring, executives and experts told Reuters. One European retailer said it was delaying marketing campaigns for some specific goods until stocks were secured. Major container ship operators like Maersk and Hapag-Lloyd are re-routing vessels away from the Suez Canal — the shortest route from Asia to Europe — after militant attacks on vessels in the Red Sea. The diversions have raised fears of another prolonged disruption to global trade just as supply chains unsnarl after the COVID pandemic.

Times of India report, tour operators have seen a noticeable decline in enquiries and a significant drop in prices for Maldives holiday packages despite multiple long weekends in January. The ToI report cited the example of Hyderabad, wherein a three-day package from Telangana's capital city to Maldives would cost between ₹55,000 and ₹70,000, now costs ₹45,000. Or even lower! The ToI report also said one-way flight tickets from here to Male are now going between ₹12,000 and ₹15,000, down from the previous average of ₹20,000.

Mumbai Trans Harbour Link (MTHL), is set to be inaugurated by Prime Minister Narendra Modi on January 12. This extraordinary sea bridge, spanning nearly 22km and ranking as the world's 12th longest, has been under construction since 2018. The route commences at Sewri in south Mumbai, traversing Thane Creek and concluding at Chirle in the distant outskirts of Navi Mumbai. According to a TOI report, a senior state government official said, “The state government has extended the invitation to the PM for inauguration of this bridge on January 12.” Preparations for the inauguration are in full swing, with the Mumbai Metropolitan Region Development Authority (MMRDA) initiating the process by floating tenders for event management and project management consultants.

Indian policymakers are expected to fix inverted import duties for sectors like textiles, leather and engineering goods, so that inputs are not charged at a higher rate than ready-to-use products. The commerce ministry has reportedly reached out to the finance ministry to sort out such distortions for more than a dozen items in the Union budget. Manufacturers have long sought corrections, as high input duties increase local production costs, but government action has been slow.

Gold prices edged higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the U.S. Federal Reserve's interest rate trajectory.

Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding demand to increase the standard deduction limit. The demand has become louder after standard deduction was made a part of the new income tax regime last year. It has been almost five years since standard deduction was revised; the previous instance was in 2019. Though 2024 will see only an interim budget, middle-class taxpayers are eagerly hoping Finance Minister Nirmala Sitharaman will roll out some tax sops. Will the Budget 2024 raise standard deduction from Rs 50,000? This is what experts are saying: