COST Financial News

By Rajesh Kumar Singh

₹100 crore, symbolizing the zenith of achievement. Yet, India's rich and mighty aren't the sole purveyors of such extravagance. A recent Gurgaon apartment sale, as per reports, touched the ₹100 crore mark.

WASHINGTON (Reuters) — U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate.

Thomson will enter the laptop market in India in the next two quarters and is also considering to export smart TVs and other products manufactured in the country to foreign markets, a company official said on Wednesday. Thomson, owned by Technicolor SA, said it is «pretty satisfied» with the quality and standards of manufacturing by its India brand licensee Super Plastronics Pvt Ltd (SPPL), which is investing Rs 300 crore to set up a fully-automated plant at Hapur in UP to increase its manufacturing capacity to 2 million TV units per annum.

The Consumer Price Index (CPI) report for September 2023 is scheduled for release on Thursday, October 12, at 08:30 ET (12:30 GMT).

Since May, gold and silver have been in a downtrend, mainly due to the Federal Reserve's hawkish stance which has sent long-term borrowing costs flying higher, boosting the US dollar.

By Robert Harvey

By Sabrina Valle and Anirban Sen

MTR Foods owner Norwegian group Orkla ASA on Wednesday announced the restructuring of its India business into three units — MTR, Eastern and International Business. The group announced the reorganisation of its Indian operations under one business entity — Orkla India. The move will enhance the collective business capabilities and drive sharper growth focus across business units, the company said in a statement. As a part of this reorganisation, Sanjay Sharma, chief executive of MTR will lead the business as Orkla India chief executive. He will be responsible for overseeing the operations of the three business units with each having its own independent chief executives, reporting in to him. The company said Orkla India will now have a wider product portfolio, adding that MTR and Eastern will stay independent identities but draw mutual synergies, scale, expertise and cost advantage. Atle Vidar Nagel Johansen, chairman of Orkla India, said in a statement: “Our acquisition of Eastern has significantly scaled our business in India.

What the RBI’s monetary policy report says about inflation drivers, in charts (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Mint talked to eight experts to get their views on the upcoming inflation print. Here's what they said: Moderation in the vegetable spike is expected to help cool the Sept 2023 inflation print to 5.5 per cent.

Some municipal-bond funds are suffering their worst stretch since the 2008-09 financial crisis, an acute example of how two years of rising interest rates have slammed investors’ portfolios. Closed-end municipal-bond funds have been particularly hard-hit because they often use borrowed money to invest in fixed-rate, long-term bonds sold by state and local governments. The leverage helps boost the returns from debt that is ultrasafe, but pays relatively little interest.

Even before the raise they are striking for, Detroit’s unionized auto workers are probably the best paid in the world after factoring in benefits such as healthcare. Their employers can afford it for now, but high labor costs box them in strategically. Whatever the outcome of continuing negotiations with the United Auto Workers union, General Motors, Ford and Chrysler owner Stellantis will have to pay a lot more for factory staff.

The profit slump is over. Third-quarter earnings season is getting under way, and it will likely be much better than the second quarter’s for U.S. public companies.

coal will leave miners with the equivalent of 100 job cuts daily through 2035, mostly in China and India. Mine closures will eliminate about 15% of global coal mining jobs by that year, about 400,000 in total, according to a new report published by Global Energy Monitor this week. The figure is likely to rise to nearly 1 million by 2050 as the world turns to cheaper wind and solar power generation. The job losses highlight some of the social challenges that companies and governments face as they transition the world away from fossil fuels in order to avoid the worst impacts of climate change.

Sector portfolio: Bernstein remains overweight (OW) on Financials but allocates a small part of the weight to utilities. It is now neutral on utilities. It also maintains an overweight on consumer tech with an overall IT sector with a modest OW position and remains OW on building materials.

₹121,013 per kl in 2022-2023 and at ₹101,833 per kl so far in the current financial year compared with an average of ₹65,368 per kl in 2019-2020. Jet fuel prices in Delhi rose for a fourth consecutive month to reach ₹118,199.17 per kilolitre (kl) on 1 October, a 32% spike since June.

Evie Networks, owner of Australia’s largest network of electric vehicle fast-charging stations that dot Ampol and Dan Murphy’s locations, is hunting for a capital partner to power its growth ambitions.

Rachel Notley says more than 23,000 Albertans have already responded to her party’s survey, with more than 90 per cent rejecting the idea of ditching the CPP.Premier Danielle Smith announced almost three weeks ago that virtual town-hall consultations and an online survey would be held this fall by a panel headed up by former Alberta finance minister Jim Dinning.“All this will be rolled out in the next few weeks,” Dinning told reporters Sept. 21.The government has since started a $7.5-million advertising campaign and the online survey.The government survey, however, does not ask respondents whether they want to leave the CPP.

Tata Consultancy Services (TCS) will announce its second-quarter earnings after market hours on Wednesday. While the performance scorecard will be closely watched, investor interest will be more in the share buyback program. On October 6, the software major said that its board of directors will consider and approve a plan to buy back shares of the company. Following the news, the stock hit an 18-month high of Rs 3,679 the next day.

Answer: As per the income tax laws any house or land becomes a long-term capital asset if the same is held for 24 months or more. One can claim exemption against long-term capital gains arising from the sale of residential houses and land respectively under sections 54 and 54F by investing in a residential house. If you sell land and building before it becomes a long-term capital asset, the profits are taxed as short-term capital gain and taxed like your regular income.

collection for book lists, guest essays and more seasonal distractions. Physical labour is exhausting. A long run or a hard day’s sweat depletes the body’s energy stores, resulting in a sense of fatigue.