COST Financial News

The Gaza war has long posed the risk of escalating into a broader crisis for the global economy, and recent developments in the Red Sea are proving this concern to be valid. Yemen's Houthi militants have been attacking commercial ships, purportedly in solidarity with Palestine, potentially jeopardizing global supply chains and driving up commodity prices, especially for fuel. It goes without saying that India is vulnerable to these cascading impacts.

₹487.44 per share, marking the highest rate for a secondary share sale in December, Maheshwari's divested shares would amount to a valuation exceeding ₹300 crore. Notably, the CEO of FirstCry has included himself as a selling shareholder in the upcoming public issue.

diesel subsidies and train drivers planning several days of strikes over wage disputes. The economy, Europe's biggest, was the weakest among its large euro zone peers last year, as high energy costs, feeble global orders and record-high interest rates took their toll.

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Hedge funds are preparing to face the challenges of continued macroeconomic factors, uncertainty, and market volatility, having ended 2023 with positive sentiment, led by North American managers.

In recent years, India has witnessed a significant financial transformation, witnessing the widespread integration of digital payments into daily life. The catalyst for this transformation is the widespread adoption of the Unified Payments Interface (UPI) technology, spearheading a cashless revolution in the repayment landscape of rural areas.

Budget 2023 was the last full-fledged Union Budget of the current government before the 2024 Lok Sabha elections. The Budget presented by the government on 1st February 2024 would be a ‘vote on account’. While no major announcements are expected, individual taxpayers have expectations on the same.

Investing in a piece of property is a significant financial decision, and contemplating a second home loan demands careful analysis. While the prospect of owning a second home might seem appealing, several crucial factors must be considered before taking this step.

A ‘Term Return of Premium’ plan (TROP) is ideal for individuals looking for both life coverage and return on the premiums paid. However, these plans cost twice that of pure term plans because of the maturity benefit. Experts say TROPs are suitable for those who are not sure of their retirement age or dependency of family members on their income at an older age. In a regular term plan, the individual does not get any maturity benefit if he survives the policy period. However, in a TROP plan, he will get back all the premiums paid if he survives the policy period, which is usually 105% of the total premiums paid. Like a pure term plan, a TROP plan will offer death benefits to the policyholder’s family in the event of death. So, such a term plan offers dual benefits of cover as well as return of premiums .

Baldev Prakash, MD & CEO, J&K Bank, says “retail growth is coming from our home territory, that is Jammu and Kashmir and Ladakh. And in retail also, the home loan segment is picking up. We are clocking a growth of over 20% in home loans and corporate growth is coming from the rest of the country segments, basically all the good corporates. That is the strategy we followed last year and we continue with that study.” What is the outlook when it comes to overall advances growth in terms of any sort of projections or any particular space where you have seen a little bit of weak growth when it comes to your advances? Baldev Prakash: As far as advances growth is concerned, our guidance was around 15% to 17% and we are confident of maintaining the guidance. This quarter also, on the net advances basis, it should be 15% plus.

The cost of representative home-cooked veg and non-veg thalis fell 3% and 5% MoM, respectively, in December, as per CRISIL MI&A Research estimates. The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south, east and west India.

CBRE Group Inc. Compounding the issue, mainland companies, which historically contributed to rising rentals, accounted for only 11% of new leases in 2023, down from 18% in 2021. In response to the potential demand for increased in-office presence, 27% of respondents sought a salary raise, predominantly targeting a 6% or higher increment, while another 24% contemplated changing jobs to secure flexible work arrangements.

Cost of Living LIVE Updates January 08: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Crisil report. While the cost of non-veg thali declined 5% in December to Rs 57.6 from Rs 60.4 in the previous month, the cost of veg thali was down 3% to Rs 29.7 However, compared to the previous year veg thali prices were still up 12% in December.

By Wayne Cole

(Reuters) — A serious mid-air breach has landed planemaker Boeing (NYSE:BA) in the regulatory crosshairs just as it was awaiting approval of new models of its best-selling MAX jet.

Shares of Trident surged over 13% on Monday extending their gains to over 29% in a rally that has remained unbeaten over the last seven trading sessions. The rally sparked after the company informed the exchanges that the company enhanced its existing capacity of the yarn business at the Budhni unit in Madhya Pradesh. The disclosure was made on December 29. The company has extended the capacity by 189,696 spindles at an investment cost of Rs 830 crore which it did through term loan and internal accrual, the filing said.

₹1,149.00 apiece on the BSE. The fall in Godrej Consumer shares comes after the FMCG company said it expects to see a low-single-digit sales decline in rupee terms at a consolidated level during the quarter ended December 31. In its Q3FY24 business update, Godrej Consumer Products said the operating environment in India continues to remain similar to Q2 and its organic business delivered steady underlying volume growth of mid-single digit.

Also read- MSCI EM Index: India surges to second place; weightage likely to cross 20% by mid-2024 The third quarter witnessed healthy demand across the segments, as volumes are expected to grow 18% YoY, said analysts at Motilal Oswal Financial Services in their preview report. The two wheelers outperformed other segments and are likely to rise 20% YoY while volumes for three wheelers, passenger vehicles, and commercial vehicles are likely to improve 15%, 12%, and 3% YoY, respectively, while the same should decline 4% YoY for tractors, as per MOFSL estimates.