COST Financial News

NEET) exam twice, the death toll due to student suicides over NEET in Tamil Nadu has increased to 16. The deceased, S Jegadeeswaran (19) was a NEET aspirant, and hanged himself a day earlier after having flunked the NEET examination twice. Later, unable to deal with the grief over his son’s death, his father hanged self at his residence on Monday, Tamil Nadu police said.

Warren Buffett is issuing a cautionary note: stocks appear to be entering a phase of overvaluation, as indicated by his preferred measure.

MOSCOW (Reuters) — Russia's central bank will hold an extraordinary meeting on Tuesday to discuss the level of its key interest rate, it said on Monday, as the sharply weakening rouble prompted calls for higher borrowing costs.

Gold prices fell to a more than one-month low on Monday as a stronger dollar and elevated bond yields took the shine off bullion, while investors awaited fresh catalysts to gauge the downside after a mixed bag of U.S. inflation numbers last week. Spot gold was down 0.5% at $1,903.50 per ounce by 09:39 a.m.

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

Arvind Kejriwal on Monday alleged that the Prime Minister Narendra Modi-led government has broken «all records of corruption» after the Comptroller Auditor General (CAG) of India reportedly flagged the «very high» construction cost of the Dwarka Expressway. According to media reports, the CAG audit report on the implementation of Phase-I of 'Bharatmala Pariyojana' highway projects has flagged how the National Highways Authority of India's (NHAI) decision to go for an elevated carriageway on the Haryana portion of the Dwarka Expressway pushed up the construction cost to Rs 251 crore per kilometer from Rs 18.2 crore per kilometer.

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(Reuters) — Shares of U.S. Steel jumped 29% in premarket trading on Monday, after the more-than-a-century old steelmaker rejected a $7.3 bln buyout offer from Cleveland-Cliffs (NYSE:CLF) and said it would review its options following «multiple unsolicited proposals».

₹26,000 crore into a series of expansive railway projects to establish comprehensive multimodal connectivity. Aligned with the strategic framework of the national coal logistic plan, these endeavors underscore the integration of first-mile connectivity (FMC) through strategically positioned railway sidings adjacent to coal mines. This strategic step is aimed at optimizing coal transportation and streamlining the loading process.

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HDFC Bank, and ICICI Bank, Bank of Baroda increased their marginal cost of funds-based lending rate (MCLR) across various tenors.Bank of Baroda The Bank of Baroda (BoB) raised its benchmark lending rates by 5 basis points (bps) for all tenures. Starting on August 12, 2023, the new rates will be in effect. This action was taken barely one day after the RBI indicated that the repo rate would remain unchanged. After the increase, the new MCLR rates for tenures of one year and overnight are 8% and 8.70%, respectively. For other tenures, the MCLR loan rate has remained constant.HDFC Bank HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 15 basis points on select tenures. The new rates are effective from August 7, 2023, according to the HDFC Bank website.

Nifty ended flat on Monday, August 14 as investors await India's consumer price inflation (CPI) - retail inflation data for July which is expected to see an uptick because of the recent rise in vegetables, pulses and cereals prices. High inflation numbers may weigh on market sentiment as both indices are already about two per cent down in August so far.

UK visa rules are likely to affect the Indian students Visa fees are anticipated to surge by 15%. Certain categories, such as certificates of sponsorship, student visas, and settlement, might see a larger increase of up to 20%, along with priority visas, entry clearance, citizenship, and leave to remain.

₹205 crore compared to ₹17 crore for the March quarter, results for which were also announced on Monday. However, a reduction in fleet size caused a decline in operating revenues both year-on-year and sequentially. “Passenger volume, too, has reduced by 31% year-on-year, which took a toll on total revenues.

MOSCOW (Reuters) -President Vladimir Putin's economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia's monetary authorities.

HYDERABAD : Indian pharmaceutical company Divi's Laboratories reported a 49.2% fall in quarterly profit, missing analysts' estimates, as the generic drug maker grappled with pricing pressures in key markets like the United States. The company reported a consolidated profit of 3.56 billion rupees ($42.9 million) for the first quarter ended June 30, compared to 7.02 billion rupees a year ago. Analysts, on an average, had expected a profit of 4.17 billion rupees, according to Refinitiv data.

Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation

The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday.

labour market. That makes wages a lagging, not a leading, indicator for inflation. Adam Shapiro, an economist with the San Francisco Fed, has been even more critical of the wage worries.