COST Financial News

Surat/Chennai: During his State visit to the US in June, Prime Minister Narendra Modi carried a unique gift for First Lady Jill Biden. It was a 7.5-carat diamond, neatly packed in an exquisite Kashmiri papier-mache box. It was not a diamond that had been mined from deep under the earth; instead, it had been grown in a laboratory in Surat, mimicking the conditions that create natural diamonds.

₹120 billion acquisition of Neelachal Ispat Nigam Ltd in July 2022. The change in outlook signifies the steelmaker’s improved credit metrics. The agency believes that this positive trend can be maintained as the firm continues to invest in and expand its capacity both in India and Europe.

By Davide Barbuscia

HDFC Securities on Monday launched broking app 'HDFC SKY', providing access to a wide range of investment and trading offerings, including Indian stocks, ETFs, mutual funds, futures and options, currencies among others. HDFC SKY, has introduced a one-price slab of Rs 20 for both intraday and delivery across segments, MTF at 12%, coupled with zero account opening and maintenance charges for the first year. “This ensures that customers benefit from simple and transparent fee structures, making it easier to understand the cost associated with the transactions,” HDFC Securities said in a release The main purpose of the platform is to simplify the complex world of investing, especially when investors face countless options available in the market. “HDFC SKY embodies our commitment to put clients at the forefront, offering a seamless app for investments. With a flat pricing model, we ensure transparency and affordability for all investors.

Homebuyers are a distressed lot. Their equated monthly instalments have been ballooning ever since a flurry of rate hikes by the Reserve Bank of India over the last one year. And many of them decided to immediately prepay part of their home loans, even if that meant breaking their fixed deposits and other investments. Take the case of Delhi-based lawyer Prasouk Jain, who saw his home loan interest rate jump from the sanctioned rate of 6.4% to 9.2% in just 15 months on the back of successive repo rate hikes. He, too, made a part-prepayment of the loan to mitigate the impact. He also negotiated with the bank for a lower rate of 8.4%.

By Maria Martinez and Riham Alkousaa

Shares of used car retailer CarMax (NYSE:KMX) climbed after research firm Wedbush Securities upgraded the stock from Neutral to Outperform. Wedbush also raised its price target from $85 to $90, implying upside of 17% from Friday’s closing price.

Mortgage delinquency rates remain at a historic low. ( iStock )

Canadian Prime Minister Justin Trudeau has announced several support measures for Ukraine including military, economic and humanitarian assistance

The British government is considering scrapping a big chunk of an overdue and over-budget high-speed rail line once touted as a way to attract jobs and investment to northern England

The California Legislature sent a wide range of bills to Gov. Gavin Newsom's desk this year to help the state mitigate and adapt to climate change

A growing number of states are offering dental care to low-income adults who once had to rely on charity or the emergency room to treat their tooth problems

Oil prices are up, and that affects people far and wide

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

R K Singh on Monday said India will achieve its 500 GW renewable energy target before the 2030 deadline. Addressing FICCI's India Energy Transition Summit 2023, Singh also said had India not lost two years due to COVID-19, the nation would have achieved 50 per cent of its power generation capacity from RE non-fossil fuels, by now. India has 424 GW of power generation capacity which includes around 180 GW from non-fossil fuels and another 88 GW is in the works, the minister said. The country has a target of 500 GW of renewable energy capacity by 2030. «We will achieve 500 GW of renewable energy (RE) well before 2030,» he said. Singh also said India's energy transition programme is at the top in the world.

By Karl Badohal, Pawel Florkiewicz and Gergely Szakacs

The trajectory of real estate is firmly set on a sustainable and eco-conscious path, and it’s not just a passing trend but a vital necessity. In light of the critical climate change challenges our world is grappling with, there is an urgent imperative to curtail greenhouse gas emissions in every sphere, and the real estate sector is no exception. Buildings account for a significant share of worldwide energy consumption and carbon emissions. Consequently, embracing sustainable practices within the realm of real estate becomes paramount in our collective efforts to mitigate the impacts of climate change.

a bag of crisps or a kale salad? That is easy. Now which is healthier: a pizza made from scratch or one made from the same basic ingredients, with the same number of calories, pulled out of a box in the freezer? Many people concerned with what they eat would instinctively say the former, perhaps citing a vague concern with “processed food". Such food can often be delicious.

New Delhi (India), September 25: The stock market is a dynamic arena where fortunes are made and lost in the ever-changing world of money. It's a business that motivates people with the promise of wealth, but to understand its complexities, one needs knowledge, skills, and assistance. This is when stock market institutes come into play.

Artificial Intelligence (AI), including generative AI, and machine learning will be the most important technologies for businesses to fulfill their short-term ambitions, according to a report by KPMG. More than half (57%) of the 2,100 technology executives surveyed for the Global Tech Report 2023 said these emerging technologies would help achieve their business objectives over the next three years.

Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut bets surfaced. The trade has all but fizzled out.