COST Financial News

Milan has become a mecca for the wealthy, but the downside of that shift is starting to show. 

Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. 

By Paul Carsten

By Tom Polansek

Rani Durgavati, worth Rs 12,600 crore in BJP-governed Madhya Pradesh, where assembly polls are likely to be held next month. At an estimated expenditure of approximately Rs 100 crore, the 'Veerangana Rani Durgavati Memorial and Park' will be constructed in Jabalpur, covering an expansive area of nearly 21 acres. According to an official statement, a magnificent bronze statue of the Gond queen, standing at an impressive height of 52 feet, will be a prominent feature of the park. The memorial is set to include a museum that will focus on the historical aspects of the Gondwana region, showcasing the bravery and fortitude of Rani Durgavati, as stated by the official.

₹1,000 with a 10 per cent coupon rate, you receive ₹100 in annual interest. However, if the bond's price declines to ₹800, the effective yield on the bond increases to 12.5 per cent. Conversely, if the bond price rises to ₹1,200, the bond yield decreases to 8.33 per cent.

ejected Kevin McCarthy. Mr McCarthy had only had the gig since January. But the House Republican Party exists in a state of permanent revolution.

geysers. In India, where the climate can vary significantly from region to region, having a dependable geyser is vital. The chilly mornings and cool evenings during autumn and winter make a water heater an indispensable appliance.

Digital payments and financial services company MobiKwik said that it has recorded a profit for the second consecutive quarter this fiscal year, and seen topline growth as it focuses on its credit strategy. For the quarter ended September 30, 2023, MobiKwik recorded revenues of Rs 208 crore, a 17% jump over the previous quarter. The company posted a total profit of Rs 5 crore for the quarter.

Bharat Heavy Electricals Limited (BHEL) has paid a final dividend of Rs.88 crore for the year 2022-23 to the government of India. The Indian government holds 63.17% stake in BHEL.

transaction banking include evolving treasury management, with treasury becoming a strategic partner. Transaction banking is a core focus for global banks in India, with Bank of America emphasising globally consistent, locally relevant solutions, Sanchay Agrawal, India head, Global Transaction Services, Bank of America said in an exclusive interaction with ET Online's Gourab Das.

Marico fell nearly 5% to Rs 543.9 in Thursday's trade on BSE after the September quarter business update by the Indian consumer products maker disappointed investors. Marico's domestic volumes grew in a low single-digit percentage range over the previous year, dragged by a persisting weakness in rural demand. «During the quarter, demand trends largely mirrored the trends observed in the preceding quarter,» the company said in an exchange filing. Rising food prices and below-normal rainfall distribution in some regions impeded the anticipated recovery in rural demand, according to the company. The packaged consumer goods maker, however, is hopeful of a recovery in consumption trends, particularly in rural areas, in the second half of the fiscal. This is thanks to retail inflation levels staying within the Reserve Bank of India’s target range, a hike in MSPs, a healthy sowing season, easing liquidity pressures, and government spending. The company's domestic volumes grew 3% in the preceding quarter. Subdued rural demand, coupled with a move to cut prices of its Saffola edible oil, also impacted the company's revenue in the September quarter. Additionally, the company said that currency depreciation in certain overseas markets negatively impacted the reported INR growth of the international business. The firm experienced low single-digit year-on-year growth in domestic volumes for its known products like Parachute coconut oil and Saffola Edible Oils. The company's international businesses logged a double-digit constant currency growth.

Motilal Oswal Financial Services. Apart from the numbers, management commentaries on unsecured loan growth and margins, traction in deposits and opex trends, the traction in fee income and treasury outlook are expected to be in focus in the banking sector's Q2 scorecard.

By Melanie Burton

By Makiko Yamazaki and Kane Wu

Two decades back, the merger of a development financial institution and a bank--ICICI and ICICI Bank--faced significant challenges, expected given the size of the entities involved . Strict regulatory demands, including the cash reserve ratio (CRR) and statutory liquidity requirements (SLR), posed complications and the banking regulator was not willing to grant any forbearances. The economic landscape and corporate finances were also undergoing recovery.

For Australia natives Marty and Jess Ansen, the vacation never ends.

Republican Kevin McCarthy became the first U.S. House Speaker to be removed from office Tuesday thanks to a handful of rebellious party members.

By Leika Kihara

The global chief executive of French power sockets and light switches group Legrand says demand has been “flattish” in the past six months in Australia as the housing construction market sags, but he’s hopeful of a rebound by the second half of 2024.

Endeavour’s largest shareholder, billionaire publican Bruce Mathieson, is stepping up a campaign to win over more than 400,000 retail shareholders in a bid to elect former Woolworths executive Bill Wavish to the board of the hotels and liquor chain business – a move opposed by the company.