COST Financial News

The anti-cybercrime group of the Philippine National Police released a warning note to citizens on possible risks involved in cryptocurrency gaming schemes such as the play-to-earn model used by Axie Infinity.

₹958 crore. The advancement of end of season sale and discounts meant lower gross margin at 54.7% in Q1. The management said same store sales growth fell last quarter, albeit moderately.

Edited excerpts: Do you think the ethanol target can be met? We have made significant progress on ethanol blending after the policy was changed from molasses to direct sugarcane, maize and rice. We have achieved about 11%. Achieving E20 target by 2025 is a challenge but look at in how many years have we come to 11% from 4-5%.

Narendra Modi perfectly summarize where we as a nation are headed. As India embraces its 77th year of independence, we must understand the magnitude of the potential that the future holds. India has one of the world’s largest and fastest growing domestic markets, supported by strong policy momentum, entrepreneurial and innovative companies, world-class talent and capital access.

The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years, grim news for would-be homebuyers already facing high home prices caused a lack of supply

₹27.55 crore through an anchor book process today (Thursday, August 17). Pyramid Technoplast IPO opens for subscription on Friday, August 18, and closes on Tuesday, August 22. Four investors took part in the anchor book offering, according to the exchange filing of Pyramid Technoplast.

Reliance BP Mobility Limited and Hero Lectro. This has enabled delivery partners to save up to 40% of the vehicle running cost, positively impacting their earnings.

Pakistan's total debt and liabilities have risen by 29 per cent to Rs 56.21 trillion in the fiscal year that ended on June 30, the country's central bank said on Wednesday. This comes as the government borrowed heavily to finance its spending requirements, as per Dawn. Dawn is a PakistEnglish-language newspaper.

Railways according to specifications approved by its design and standards unit RDSO, has been red flagged by officials as «faulty» after testing, saying the malfunctioning units could lead to a Balasore-like incident unless withdrawn. Officials said that around 4,000 units of the «faulty» MSDAC system have been procured by the Railways at a cost of Rs 5 lakh per unit and are being tested as part of a trial.

Social media is full of scammers promising guaranteed returns on investment, and consumers lost $3.8 billion to them last year just in the U.S., according to the Federal Trade Commission

Uttar Pradesh topped the list of states that attracted investment funds from banks and financial institutions pushing Maharashtra behind in a year of record project sanctions, data from a study by RBI staff shows. The state accounted for the highest share (16.2 per cent) in the total cost of projects sanctioned by banks/financial institutions, followed by Gujarat, Odisha, Maharashtra and Karnataka during 2022-23.

Nykaa, HDFC AMC among a list of stocks have been excluded from Nifty Next50 in the latest revision of various NSE indices. However, there were no changes made to the benchmark Nifty. The changes, which were brought about by the index maintenance sub-committee (Equity) of NSE Indices, will be effective from September 29.Indus Towers, Page Industries and ACC were also excluded from the Nifty Next50 index, which added PNB, Shriram Finance, Trent, TVS Motor and Zydus Life.

FAME subsidy is slowing down demand for electric two wheelers and the manufacturers will now have to focus on achieving price reduction through R&D and innovation, a report said on Thursday. The medium term sales trajectory for two wheelers, which include e-two wheelers as well, is anticipated to be modest, characterised by uncertainties and driven by a host of factors, it said.

Former Bank of Canada governor Stephen Poloz says inflation is likely to cool faster than people are expecting, opening the door for lower interest rates.

As Hawaii deals with the aftermath of devastating wildfires that have claimed more than 100 lives and up to 2,200 buildings, the economic fallout is just beginning to take root.

By Aishwarya Venugopal and Siddharth Cavale

Walmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget conscious consumers in a tough economic environment

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Chevron, Coherent , Pioneer Natural Resources, and Alcon.

Helen Babineau wants to return to her home province of Nova Scotia, but that just isn’t in the cards right now.Originally from the Cape Breton community of Chéticamp, Babineau moved to the Northwest Territories with her then-husband in 2019 for a work opportunity.When the marriage ended, she returned to Nova Scotia in June 2021 – but not for long. The following year, she found herself moving back up north as life had become unaffordable at home.“I can support myself here, whereas in Nova Scotia, I couldn’t,” Babineau, 53, said in a phone interview from her home in Yellowknife last week.“I would like to move back to Halifax, where my children are, but I can’t afford to.”Babineau is just one of many Nova Scotians who feel like they are being priced out of their home province due to the rising cost of housing, groceries, and other essentials.A big part of the issue, she said, is the province’s low wages.

RBI). The August 2023 bulletin was published by the central bank on Thursday. The unprecedented shock to tomato prices spread to the pricing of other vegetables, according to the RBI, which caused the increase in inflation from its June reading to change in July.

Crisil. Last fiscal, disruptions in raw milk supply had led to multiple hikes in retail milk prices, pushing up the topline 19% but impacting profitability. “The profitability of various dairy processors has been coming down over the last couple of years and this implies dairy processors are not being able to completely pass on the cost increase that they have faced to final retail buyers.