COST Financial News
17.10 / 18:53
COST
UPS
Digital
Strategy
Bill
reports
Jio Fin to enter secured lending
MUMBAI : Jio Financial Services Ltd on Monday unveiled its long-term strategy to position itself as a full-fledged financial services company by diversifying into secured loan products, including home and auto loans. In its half yearly results presentation to analysts, the firm said it has launched personal loans for the salaried and self-employed in Mumbai, besides consumer durable loans across 300 stores in India. The services are available on the MyJio app, it added.
17.10 / 18:15
Blockchain
COST
Ethereum
Twitter
Digital
Platform
Solana Co-founder Labels Ethereum 'Bourgeois Digital Tyranny
In a fiery discourse on Twitter between 1st and 2nd October 2023, Anatoly Yakovenko, co-founder of Solana Labs, robustly defended the accessibility and inclusivity of the Solana network, engaging in a series of tweets that delved into the philosophies underpinning various blockchain platforms.
17.10 / 17:51
COST
UPS
Provident
Remark
country
UP CM Yogi Adityanath announces one LPG cylinder free for Ujjwala beneficiaries as ‘Diwali gift’
Ujjwala Yojna beneficiary will be given one cooking gas cylinder free of cost as a Diwali gift," the chief minister said in Bulandshahr. The chief minister asserted that before the BJP government assumed power at the national level in 2014, securing LPG gas connections had been a challenging endeavor. The Pradhan Mantri Ujjwala Yojana is a flagship initiative of the central government aimed at providing financial assistance for LPG connections to families falling below the poverty line (BPL).
17.10 / 17:51
COST
UPS
Provident
FIVE
Platform
reports
medicines
NOT
Why organic is not in your shopping cart
New Delhi: Taste this one. I bet you would have never eaten anything like this before," Dilip Patidar, a farmer from Mandsaur district in Madhya Pradesh, told this reporter during a recent visit. Then he plucked an okra, bhindi in vernacular, and offered it for tasting.
17.10 / 17:51
COST
JPMorgan
Chase
reports
Goldman Sachs, Pulling Back From Consumer Lending, Reports 33% Decline in Profit
Goldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a big drop in revenue in its asset and wealth-management division. The bank on Tuesday said quarterly profit was $2.1 billion, down 33% from a year ago. That amounted to $5.47 per share, which beat the $5.42 per share expected by analysts polled by FactSet.
17.10 / 17:51
COST
economy
RIO
show
country
Faster, higher, stronger? Games and the economy
NEW DELHI : Prime Minister Narendra Modi on Sunday confirmed that India will formally bid for hosting the 2036 Olympic Games. How much does it cost to host the 16-day event and is it worth the effort? Mint evaluates the economic implications of a successful bid. The members of the International Olympic Committee choose the host through a secret ballot where the majority vote gets to be the host.
17.10 / 16:25
COST
UPS
economy
CME
President
Gold gains on Middle East concerns; Powell speech in focus
Gold prices ticked up on Tuesday as tensions in the Middle East buoyed safe-haven demand for the metal, while speech from Federal Reserve Chair Jerome Powell later this week will be eyed for more clarity on the rate path. Spot gold was up 0.5% at $1,928.59 per ounce by 9:51 a.m. ET (1351 GMT), and U.S.
17.10 / 16:17
COST
Provident
ICE
pandemic
innovations
reports
The $1 Billion Bet to Get Us Our Steak and Ice Cream
Related, the well-known investor in office towers and apartment buildings, is wagering $1 billion on a niche real-estate sector often associated with frozen pizzas, steaks and yogurt. An affiliate of the New York-based firm is launching a business called RealCold, a network of cold storage distribution facilities that aims to benefit from the rise in online grocery shopping and America’s evolving eating habits. RealCold plans to break ground later this year on its first two cold storage locations, in Lockhart, Texas and Lakeland, Fla.
17.10 / 16:17
COST
UPS
Booking
President
Inside
travelers
Cruise Lines Bet More Travelers Want to Set Sail Solo
Cruise ships are adding more rooms for one. The cruise industry is stepping up efforts to appeal to the often-overlooked group. Some cruise lines have lowered prices for solo passengers who have traditionally paid more than those sharing cabins with friends or family.
17.10 / 16:07
17.10 / 15:41
COST
UPS
Lowe's
Platform
country
Low
Stellantis to base 'around' seven models on a fifth, low-cost platform
MEUDON, France (Reuters) — Stellantis (NYSE:STLA) plans to base seven models on a fifth, low-cost platform, an executive for the automaker said on Tuesday, as it prepares to compete against an expected 'flood' of cheap Chinese electric (EV) cars into Europe.
17.10 / 14:53
COST
UPS
Strategy
track
2020
How you can save tax on old investments in debt funds
Rebalancing act Putting fresh money in new debt funds or mutual fund folios rather than in old fund is one of the ways in which investors can still keep a large part of their investments tax-efficient. “Investments needed for short-term objectives can go into new funds, so that older funds continue to build up their tax-efficiency with indexation," says Amol Joshi, founder of Plan Rupee Investment Service. Investment advisors often ask investors to adjust their asset allocations in line with market conditions.
17.10 / 14:53
COST
UPS
FIVE
BLOCK
country
A short history of Gaza
attacked Israel, killing 1,300 people and taking dozens of hostages. Israel has responded with force: strikes on Gaza had killed around 1,400 Palestinians by October 12th. Residents of the strip, a 360-square-kilometre block of land wedged between Egypt, Israel and the Mediterranean, are no strangers to tragedy.
17.10 / 13:41
COST
Provident
Platform
Dreams
awards
Introducing SecureMyScholarship: The EdTech Startup Transforming Higher Education Access for Indian Students
scholarship opportunities for their studies at foreign universities, making quality education more accessible to a wider demographic. In a society where education is often a privilege limited to the wealthy, India faces significant challenges in providing affordable higher education opportunities to its youth. The high costs associated with studying abroad have deterred many aspiring students from pursuing their dreams of attending prestigious universities around the world.
17.10 / 13:41
COST
UPS
Provident
Action
consequences
A clear K-shape is visible in the housing loans getting disbursed
₹35 lakh in metropolitan centres (with a population of 10 lakh and above) and up to ₹25 lakh in other centres… provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹45 lakh and ₹30 lakh, respectively." The remaining loans are non-priority loans. In the months leading up to May 2022, priority sector housing loans formed around 35-36% of the overall outstanding housing loans of banks. By June 2023, they had fallen to 31.5%, implying that banks are giving out more non-priority housing loans.
17.10 / 13:35
17.10 / 12:47
COST
UPS
Provident
Target
FIVE
Manufacturing
Pitti Engineering stock soared over 2000% in last three years; is there more upside left?
Pitti Engineering (PEL) with a 'buy' rating, setting a target price of ₹940 apiece. This target price suggests a potential upside of nearly 38% from the stock's previous closing price of ₹684.35 apiece. Notably, the shares, over the last one-year, more than doubled investors' wealth, delivering a return of 135%, and skyrocketed 2018% in just three years.
17.10 / 12:03
COST
UPS
show
Inflation could dampen consumers’ spending spirits this Diwali, survey shows
As high inflation eats into people's purchasing power, fewer urban Indians are planning to increase their spending during the upcoming Diwali season compared to last year. About three in 10 urban Indians (31%) said they were likely to spend more than last year during the festival of lights in 2023, down from 36% in 2022, according to a survey by YouGov India. Moreover, two-thirds of urban Indians (67%) said their household expenses had gone up from a year ago.
17.10 / 11:31
COST
UPS
Target
Capex to rise 29% for 13 states, fiscal deficit to widen in FY24: Icra
ICRA. “The anticipated YoY surge in capex benefits from the prescient support extended by the Government of India (GoI) to the state governments through the increase in the allocation for the Scheme for Special Assistance to States for Capital Investments to Rs. 1.3 lakh crore in FY2024 BE from the Rs.
17.10 / 11:31
17.10 / 10:53
COST
UPS
Citi
Reuters
economy
Bill
reports
Exclusive-China tells banks to roll over local government debts as risks mount - sources
BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing's efforts to reduce debt risks in a faltering economy.
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