COST Financial News

The Reserve Bank of Australia says creating real-world financial assets in a “tokenised” form could unlock billions of dollars in annual savings for banks and other financial institutions by streamlining settlement processes and automating registries.

PVR INOX has launched a subscription service named 'PVR INOX Passport', in which moviegoers can watch up to 10 movies each month for a fixed monthly subscription fee of Rs 699 per month. The new service is available from October 16. The offer is valid for movie screenings on weekdays from Monday to Thursday.

festive season and developers announcing new launches and new offers with freebies during these months, the demand usually remains high. The added benefit for customers would be no rise in home loan EMIs. This would definitely enhance the joy of festivities for homebuyers," said Rahul Mehrotra, MD & CEO, of Religare Housing Development Finance Corporation Limited (RHDFCL).

In a stock exchange notice on Thursday (12 October), EOT said it will issue a tender offer for 25% of its share capital if performance is not equal or exceeds the MSCI Europe index TR's total return from 1 June 2023. The tender offer will be priced at the prevailing net asset value at the time of repurchase — adjusted for the costs associated with the tender offer — less 2%. The proposal comes ahead of the trust's continuation vote at its annual general meeting on 15 November. The conditional tender offer proposal will also be voted on at the meeting, as well as at the 2026 AGM. ...

ACC Ltd, Ambuja Cements Ltd, UltraTech Cement Ltd, Shree Cement Ltd gained up to 1.7% in morning trades on Monday as better than expected operating performance and Q2 results by Dalmia Bharat Ltd lifted sentiments. Stock prices of Dalmia Bharat gained up to 3.5%. The impact of the decline in costs is now visible and may lift the overall Q2 results of Cement majors amidst strong demand and improved pricing scenario.

Welcome to the realm of Gold IRA companies, where stability meets growth, and your financial future glistens with promise. As an investor, you understand the importance of diversification and hedging against risk. But what if we told you that there's an investment opportunity that not only provides a hedge against inflation but also offers substantial potential for growth? Yes, we're talking about gold - the timeless treasure that has maintained its value throughout history.

consecutive month, since April 2023, that WPI data has seen negative trend. WPI inflation in July was at -1.36 percent. Year-on-year (YoY), WPI-based inflation stood at 10.55 percent in September 2022.

sustainability can be a costly affair, leading to an increase in the prices of medicines. But, say experts, it is more important to consider the long-term benefits of such exercises.

Soaring energy costs have focused the minds of the nation’s captains of industry on the urgent need to decarbonise their bricks-and-mortar empires, new research has revealed.

Dalmia Bharat share price rose up to 3.5% in morning trades on Monday post its September quarter performance that was reported over the weekend. Dalmia Bharat reported a healthy volume growth of 6.6% year-on-year to 6.3 million tonne (mt) amidst strong cement demand. With improving cement prices in the country, the Dalmia Bharat’s per tonne profitability at ₹950 per tonne improved over ₹875 seen in the previous quarter and ₹653 in the year-ago quarter, as per analyst’s calculations.

Investing.com-- Gold prices fell on Monday, reversing course after increased safe haven demand spurred a series of strong gains in the yellow metal, with focus remaining on any potential spillover from the Israel-Hamas war.

HDFC Life and Goldman Sachs recommended a buy on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Avenue Supermarts (D-Mart): Hold| Target Rs 3850 Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target price to Rs 3850 from Rs 3700 earlier post September quarter results. Q2 EBITDA was below estimates on lower GMs and higher staff costs. General merchandise and apparel mix remained muted which led to margin pressure. H1 SSSG at 8.6% is respectable with improving footfalls that is evident from higher per-store transactions. CLSA on ICICI Prudential Life Insurance: Buy| Target Rs 700 CLSA maintained a buy rating on ICICI Prudential Life Insurance with a target price of Rs 700.

fertiliser to more than double over the past year, but he is bitterly aware of the consequences. At his farm in northeastern Nigeria, he can no longer afford enough fertiliser, so his corn is stunted and pale, the scraggly plants bending toward the powdery earth. Inside his mud house, he has grown accustomed to explaining to his two young children and pregnant wife why they must make do with two meals a day — and sometimes only one — even as hunger gnaws. As he and his neighbours commiserate over the calamity unfolding across much of Africa, they exchange theories on one source of trouble: Russia's war on Ukraine, which disrupted shipments of key ingredients for fertiliser. «We are in two different worlds, separated by airplanes and oceans,» Chubado said.

reports. The deal positions Qatar Airways as the biggest airline partner to Elon Musk's Starlink.

China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected. The People's Bank of China (PBOC) is walking a tight rope between keeping liquidity ample to aid a struggling economy and stabilising the yuan amid expectations of «higher for longer» U.S. rates. The PBOC said in a statement it conducted medium-term lending facility (MLF) operations worth 789 billion yuan ($107.96 billion) to keep liquidity in the banking system adequate.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here Moody’s Investors Service postponed a planned review of Israel’s rating on Friday, saying it continued to evaluate the wider credit risk of recent hostilities. The resilience of Israeli debt issuers is at stake if a conflict stretches on, the ratings agency said in a separate note earlier last week.

insurance companies are close to agreeing to impose a 30% cap on commissions paid to corporate agencies, including banks and non-banking financial companies, for credit life policies, said people with knowledge of the matter. It comes as the industry reorients marketing practices following the regulator's decision to scrap product-wise caps and go for company-wise ones in the wake of insurers facing GST evasion charges. The matter has been discussed in Life Insurance Council meetings over the past few months, said two persons privy to the information.

diversity at the annual Hornbill festival held in December. You can easily spend a week here, feasting on its beautiful valleys, waterfalls, lakes and rivers, besides the ancient ruins, handicrafts and textiles. Simple but spicy non-vegetarian food is another attraction in the state that is famous for its bhoot jolokia, one of the hottest chillies in the world.

returns with least effort and cost. We have discussed earlier the case for ETFs, but a good idea can do with some reiteration. Let’s begin with what we typically believe when we construct a portfolio, and what we usually end up with.

Swiggy has increased the platform fee that it levies on food delivery orders to Rs 3 from Rs 2. The Prosus-backed company had started charging a flat platform fee to its customers in April regardless of the order value. Its rival, Gurgaon-based Zomato, also started charging a Rs 2 platform fee, which it subsequently increased to Rs 3 in some locations.

finance, the delicate balance between interest rates, economic growth, and global currency dynamics often holds the key to stability or turmoil. Lately, an intriguing scenario has been playing out in the United States, with far-reaching implications for the country's financial markets and the global economy. When nominal interest rates, such as those on government bonds, exceed the nominal growth rate of a country's economy, it triggers a cascade of economic consequences. Here are some of the key repercussions: