COST Financial News

By Brendan Pierson

₹4,000 crore, Parth Jindal, managing director of JSW Cement Ltd, said in an interview. “In 2024, we are planning to take this company public, for which we will be filing the DRHP (draft red herring prospectus) in the next six months. We will be timing the market listing after the national elections," Jindal added.

leadership team of Muthoot Finance Ltd was asked to convene for an urgent meeting in Kochi, Kerala. M.G. George Muthoot, the company’s chairman back then, had a new plan to share—a few advertisements that could be key to an ambitious expansion he wanted to press ahead with.

Systematic investment plans through mutual funds (MFs) are the best way to meet your long-term financial goals. Financial planners or advisers will vouch for that. Yet, not many retail investors stay committed to their long-term plans. Only 54% of retail money remained invested in equity mutual funds for more than two years in 2020, as per data from the Association of Mutual Funds in India. The rest was redeemed for various reasons. Notably, investors do have the option of borrowing money against their MF units. Not many are exercising this option. Thus, a very small fraction of assets under management of the MF industry has been pledged. Firms like Bajaj Finance and Mirae Asset Financial Services, and startups such as VoltMoney are now working to change this scenario.

My monthly salary post-taxes is ₹1.95 lakh. I have SIP (systematic investment plans) of ₹15,000 in Axis Bluechip, ₹15,000 in Canara Robeco Small Cap, ₹15,000 in Parag Parekh Flexi Cap since two years and my investments are currently valued at ₹6.83 lakh. Besides, I have direct stock investments valued at ₹6.6 lakh. This also includes ₹47,000 in sovereign gold bonds.

South Korea, home to the industrialized world’s lowest birthrate, is having even fewer babies. The country’s downward demographic spiral has come even after years of aggressive government subsidies, low-cost loans and cash payouts meant to entice young people to get married and start families. South Korean President Yoon Suk Yeol wants to pay households even more to have a child.

The average long-term U.S. mortgage rate declined this week after climbing five consecutive weeks to a more than 20-year high, a modest relief for would-be homebuyers challenged by rising home prices and a thin inventory of homes on the market

The warm months of 2023 haven’t been a vacation for Charles Schwab Corp.

By Ankika Biswas and Shashwat Chauhan

OKX, a global beacon in the crypto exchange and Web3 technology realm trusted by over 50 million users, and CoinRoutes, renowned for its algorithmic trading strategies and standing as a pinnacle in institutional-grade crypto trade Execution Management System (EMS), have announced the deepening of their collaboration. This OKX CoinRoutes collaboration aims to provide a comprehensive suite of API-enabled trading services, specifically tailored for the growing demands of institutional users.

Taylor Swift’s Eras Tour is coming to movie theaters

Claire Coutinho, a close aide of British Prime Minister Rishi Sunak, got a big promotion as his new Energy Security and Net Zero Secretary in a mini reshuffle on Thursday. Coutinho, 38, becomes the second Goan-origin minister after Home Secretary Suella Braverman in the Sunak Cabinet and has a tough brief ahead of her as energy costs have been soaring in the wake of the Russia-Ukraine conflict. She has committed herself to work on safeguarding energy security and reducing bills for families struggling with a cost-of-living crisis. In her first Cabinet role, Coutinho replaced Grant Shapps after he was promoted to the post of Defence Secretary following the resignation of Ben Wallace. «I am delighted to have been appointed Secretary of State for Energy Security and Net Zero.

By Noor Zainab Hussain, Chibuike Oguh and Jonathan Stempel

get a quick cash advance loan online through their smartphones in a few taps. Although the idea is quite tempting and promising, it also raises some questions. What is involved in cash advance apps? Are these loan apps safe? And how do they work? We're here to give you the answers to these questions. Are There Really Apps You Can Borrow Money from? Sure, there are plenty of apps that let you borrow money via your cell phone.

Union Minister Nitin Gadkari launched the world's ... moreUnion Minister Nitin Gadkari launched the world's first BS-VI (Stage-II), electric flex-fuel car today.

The bulls have not favored Fantom (FTM) and Cardano (ADA), as both saw a drop in prices on weekly charts. Yet, Everlodge attracts an impressive amount in its presale. Fantom (FTM) is one of the leading DeFi services.

public health officials in Germany are raising the alarm over an unexpected uptick in cigarette smoking—including among the young—that started in the wake of the Covid-19 lockdowns. The overall smoking rate in Germany was just over 34% in July, according to the most recent findings from Debra, a bimonthly survey funded by the German Health Ministry. In March 2020, the rate was 26.5%.

With the Bank of Canada on a communications hiatus this month, two economists have read the tea leaves in governor Tiff Macklem’s comments at the July interest rate hike to decipher the bank’s next move — and arrived at diverging conclusions.

UBS Group outlined major targets for its integration of former rival Credit Suisse, including 3,000 domestic job cuts and more than $10 billion in cost savings, as it posted the biggest ever quarterly profit for a bank on the back of the bargain acquisition that closed in June.

Interest will start accumulating on student loans again starting Sept. 1, following a pause on interest accrual that has lasted for more than three years during the pandemic era.

An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September