COST Financial News

Bank of India with a target price of Rs 120. The current market price of Bank of India is Rs 106.74. Bank of India, incorporated in the year 1906, is a banking company (having a market cap of Rs 43272.10 Crore). Bank of India key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 15926.04 Crore, down -4.73 % from last quarter Total Income of Rs 16715.95 Crore and up 42.10 % from last year same quarter Total Income of Rs 11207.57 Crore.

The 6th edition of the Jaipur Literary Festival will be organised in Houston this year, featuring various celebrated writers, analysts, and researchers, including award-winning filmmaker Mira Nair. The JLF festival hailed as one of the greatest literary shows globally, will be held in Houston between September 15 and 17.

₹5,200 crore. Bombay Dyeing share price opened at ₹164.80 apiece on BSE.

Dwarka Expressway corridor may soon boast of some of the tallest buildings in the National Capital Region, as the Haryana government is granting an extra floor area ratio (FAR) to promote real estate development along the under-construction expressway. The Haryana government is introducing a new metro line along the expressway, enabling developers to expand under the Transit-Oriented Development policy even as there are height restrictions for buildings elsewhere in the NCR. State government officials have also met with developers in Mumbai and Bengaluru to showcase the development opportunities along the Dwarka Expressway. «Due to the metro line and upcoming global city planned by the Haryana government, the developers on the Dwarka Expressway can plan vertical development, which is not possible in the majority of the NCR. In coming years, we will see the development of utilising the policy benefits for high-rises,» said Mudassir Zaidi, executive director, North at real estate consultancy Knight Frank India. Any building with a height of more than 150 metres meets the tall-building classification.

Investing.com-- Most Asian currencies kept to a tight range on Thursday, while the dollar edged lower as markets weighed stronger-than-expected inflation data against expectations that the Federal Reserve will keep rates unchanged next week. 

PM Modi Visit MP, Chhattisgarh Today LIVE: Prime Minister Narendra Modi today i.e. on 14 September will be visiting poll-bound Madhya Pradesh and Chhattisgarh to launch a series of development projects.

₹156 to ₹164 per equity share of face value of ₹1 each. Zaggle IPO garnered ₹253.52 crore from 23 anchor investors at the upper price band of ₹164 per equity share. Zaggle IPO has reserved not more than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 10% of the offer is reserved for Retail Investors.

By Kantaro Komiya

Oil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023. International benchmark Brent futures climbed 17 cents to $92.05 a barrel at 12:02 GMT, while U.S. West Texas Intermediate crude (WTI) rose 19 cents to $88.71. Saudi Arabia and Russia's extension of oil output cuts to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely stuck by its estimates for demand growth this year and next. The Organization of the Petroleum Exporting Countries (OPEC) on Tuesday stuck to its forecasts for robust growth in global oil demand in 2023 and 2024. Both benchmarks climbed to 10-month highs on Wednesday before data showed a surprise build in U.S.

Gold prices firmed on Thursday as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week, although bullion was not far from a near three-week lows seen in the previous session.FUNDAMENTALS * Spot gold added 0.3% to $1,912.09 per ounce by 0110 GMT, having hit its lowest level since Aug.

BEIJING — China's real estate problems have again drawn attention to the world of shadow banking and the risks it poses to the economy.

SBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines. From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia.

China’s biggest state-owned steelmaker, Baowu, has taken a big step towards exiting the Queensland coking coal sector, shelling out close to $300 million to settle a disastrous deal that forced it to pay for port and rail capacity it has never used.

NEW DELHI : Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and help the sector grow. “Tesla already last year bought $1 billion of components from I think all of you sitting here," he told members of the Automotive Component Manufacturers Association of India (ACMA).

₹79,900, maintaining the same price point as the iPhone 12, launched in October 2020. However, this year, the iPhone 15 Pro models are dearer by ₹5,000, while iPhone 15 Pro Max prices have surged by ₹10,000 across all storage variants. Following the launch, Indian handles on social media platform X highlighted the price disparity of the new iPhone models versus global markets, despite the Made-in-India tag.

Mint explains: While iPhones were first made in India in May 2017, this is the first time that India’s assembly lines made the latest iPhone ahead of its launch. Brands such as Apple typically get finished products at mass scale weeks ahead of launch, which is why manufacturers in China start making upcoming iPhones before launch. India’s plants were so far making new phones behind schedule.

Amidst the release of the Consumer Price Index (CPI) data for August, the Bitcoin price prediction landscape is under scrutiny, prompting a critical question: Is it opportune to consider buying the dip? 

ARPOB) per day and declining average length of stay (ALOS) of the patients. Improving operational performance have helped them gain valuations on the bourses. For the patients, however, these parameters mean an increase in the cost of treatment — even on shorter hospital stays. Medical inflation in India was estimated to be 14% in 2021 and continues to remain high post the pandemic. For instance, Apollo Hospitals, country's largest hospital chain, has posted steady increase in its ARPOB from ₹ 37,397 in FY20 to ₹57,760 for the first quarter of this fiscal. The company, in its June quarter earnings call, has held that it could sustain the improvement in ARPOB to ₹60,000 in the near term.

Ujjwala scheme, which will have a financial implication of Rs 1,650 crore, according to an official statement Wednesday. Under the Ujjwala scheme, a poor household receives an LPG connection, the first refill and a stove for free. Oil companies offer three types of connections with varying costs. For Rs 2,200, one can get a traditional 14.2 kg single bottle connection or a 5kg double bottle connection.

Small-ticket personal loans below ₹50,000 and some higher-end personal loans are seeing some stress, according to Amitabh Chaudhry, managing director of Axis Bank. Speaking to investors in Singapore, as per a Macquarie report, Chaudhry also highlighted some specific concerns about capital expenditure (capex) demand. He mentioned that securing equity for large projects is difficult, and banks are adopting a conservative stance.

Japan’s Inpex has taken another public swipe at the Albanese government’s gas strategy, telling a conference in Darwin the country is a “global outlier” on energy policy and accusing Canberra of “moving the goal posts” on multi-billion-dollar gas investments.