COST Financial News

A look at the day ahead in European and global markets from Wayne Cole.

Crisil Ratings, green power (including WHRS) accounted for 30-35% of the sector's total power mix in FY23, and this number is expected to rise to 40-45% by FY27. Ambuja Cement Ltd recently announced an investment of ₹6,000 crore in install solar and wind power. Close competitor UltraTech Cement Ltd aims to raise its green-energy portion from 22% to 60% by FY26.

By Valerie Insinna and Tim Hepher

Innovation in traditional plans could see hyper personalisation in the near future, leading to open-ended products with the ability to mix and match, Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance tells Riju Mehta. What are your Budget expectations? A lot of expectations continue to be what they were. The annuity double taxation is a big one because India is one of the largest grey countries and a part of the reason annuities are not doing as well is the taxation structure. You are taxing it at entry and exit.

A taxpayer who finds himself in the new regime can switch to the old tax regime at the time of filing tax returns. “However, taxpayers can claim deduction only if they make their tax-saving investments before 31 March,” says Sudhir Kaushik, CEO of tax filing portal TaxSpanner. com. The taxpayers who changed jobs during the year may not have been asked to submit proof of investments either. The new employer might not have taken into account the income from the previous job and would have calculated a lower tax. “They should also complete their tax-saving investments now,” says Kaushik. Our annual ranking of tax-saving instruments helps such individuals make the right choices. We assessed 10 tax-saving options on eight key parameters—returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Each parameter has equal weightage and the composite scores determine the place in the ranking.

Flipkart has been implementing these performance-based job reductions annually for the past two years. It has also frozen fresh hiring in the past year to control costs, these people said. Currently, the firm is closing $1-billion financing from Walmart and others, first reported by ET on December 21.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Verizon and GM; downgrades for Apple and PayPal.

see similar prices to what was seen in 2023, with automotive experts saying not to expect the cost for a vehicle to return to pre-pandemic levels anytime soon.During the COVID-19 pandemic, inventory became a big factor due to supply chain issues impacting semiconductors and automotive computer chips, and with it came higher prices due to fewer new and used cars available for purchase.“So when there (are) fewer cars sold and new cars sold, obviously it has a direct impact on the used market,” Baris Akyurek, vice-president of insights and intelligence at Autotrader.ca, told Global News in an interview. “That’s why we have been seeing inflated prices.”As 2023 came to a close, however, Akyurek said it has been a “pretty positive” year in terms of availability.According to Auto Trader’s 2023 trends report released in September, the new car supply had increased from the month prior, with the organization predicting modest increases to inventory in the coming years.

In the last year, Suzlon Energy's shares have rallied 277% while Benchmark Sensex gained 19%. The company is now debt-free and generating cash. Chief executive officer, J P Chalasani tells ET the company wants to insulate itself from being a cyclical organisation and build an annuity business model through its services business. Edited excerpts: Suzlon's shares rallied in the past year. What do you attribute this to? The answer is investor confidence.

New Delhi: The government will soon come out with policy guidelines mandating the use of urban solid waste in all highway projects across the country. The plan aims to reduce the use of soil from agricultural land for building embankments for highways, as well as provide a viable outlet for millions of tonnes of solid waste from landfills.

MUMBAI : Domestically, the backdrop is that of an impending general election, and, traditionally, an incumbent government cannot present a full Union budget in such a year. Whereas, globally, the setting is that of a debate on debt and sustainability amid falling growth. But that shouldn’t necessarily be the context for the upcoming budget.

Wab Kinew says that it is time to take another look at how the federal carbon price, popularly known as the carbon tax, is applied in his province.“I think that there’s an argument that Manitoba is maybe one of the strongest cases you could make, that the price on carbon should be revisited in our jurisdiction,” Kinew told The West Block host Mercedes Stephenson in an interview that airs on Jan. 7.“It’s definitely something that I know Manitobans would like to see some help with.

Investing.com — U.S. inflation data will be the main focus this week as investors await further clarity on the future path of Federal Reserve interest rates. Big U.S. banks kick off earnings session, crypto looks set to remain volatile and the U.K. is to release GDP data. Here’s what you need to know to start your week.

IT companies are expected to report a «soft» third quarter with higher-than-usual furloughs weighing on revenue growth, industry watchers said cautioning that demand outlook commentary is likely to be unchanged as clients continue to scrutinise discretionary spends and prioritise cost optimisation. The big earnings week for tech heavyweights is up ahead, with the top tier IT companies slated to announce their December quarter numbers this week. Tata Consultancy Services (TCS) and Infosys will declare their Q3FY24 report card on January 11 (Thursday) and Wipro and HCL Technologies on January 12 (Friday).

₹1. The offer for sale comprises of up to 1,14,59,840 equity shares by AceVector Limited (formerly known as Snapdeal Limited) (“Promoter Selling Shareholder"); up to 22,10,406 equity shares by B2 Capital Partners and up to 1,61,70,240 equity shares by SB Investment Holdings (UK) Limited (“Investor Selling Shareholder"). Also read: IPOs next week: One mainboard, 3 SME public issues and one listing to keep primary market busy The public issue will not comprise any fresh issue of equity shares.

RBI keeping its repo rate, the rate at which the Reserve Bank of India lends, unchanged since February 2023. For customers whose home loans are linked to the repo rate, there has been a change in their home loan EMIs.

reported. As per the publication, King Charles is now determined to solve the 'Andrew problem'. Andrew has consistently denied the allegations.

Bengaluru, there's a discussion about extending the Namma Metro rail network to suburban areas, and not everyone is excited about it. Many people are asking, «Why go outside the city when the main parts are still not connected?» The deputy chief minister, DK Shivakumar, recently talked to Union Finance Minister Nirmala Sitharaman to get permission for this extension. The plan is to reach places like Bidadi, Hoskote, Harohalli, and Nelamangala. However, some are not happy with this idea.

In the euro zone, inflation quickened last month on an annual basis for the first time since April. Manufacturers in most of Asia saw a slowdown in orders and production amid tepid customer appetite for goods.

MBA degree — regarded by many as a ticket to the corporate corridors — may just be losing its premium value in the job market. Average monthly active job openings with MBA as minimum qualification at entry and mid-junior (0-6 years' experience) levels dropped by 55% in 2023 versus a year ago, according to data from LinkedIn and other popular job boards put together for ET by Xpheno. This compares with a 25% decline in the overall white-collar job market in 2023.

reduction in prices and what companies see as a sign of recovery in consumption. Companies like Adani Wilmar, Marico, Dabur and Godrej Consumer Products on Thursday and Friday said in investor notes that there has been volume-led growth in their sales in the October-December period. But value growth came under pressure as companies cut prices from early 2023 to pass on the benefit of lower raw-material costs. India's largest edible oil company, Adani Wilmar that sells the Fortune brand of products, on Friday said it recorded the best-ever volumes in branded oil and foods during the last quarter.