COST Financial News

Investing.com-- Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. 

Mint’s 9th annual mutual fund conclave on Thursday. Finfluencers are entities that are capable of influencing people financially via various social media platforms.

HDFC Bank: After the successful $40 billion amalgamation with its parent, private lender HDFC Bank chief Sashidhar Jagdishan on Friday flagged funding as a risk, reported PTI. Jagdishan flagged his concern to the shareholders at its maiden annual general meeting after the merger came into effect on 1 July. He said, "As you know, the risks of the merger are the funding part of it." The HDFC has not been fully successful in getting all the forbearance it had sought from the RBI on the liabilities front.

The argument that large passive flows don’t allow for an efficient price discovery is a bogus theory since the biggest segment in the market is not passive but equity shareholders, Pratik Oswal, President, Passive Funds, Motilal Oswal AMC tells ET Wealth's Sanket Dhanorkar.A chunk of large-cap flows now goes into passive strategies. Even non-EPFO flows are higher. Is this shift a structural story? The non-EPFO flows into passive large-cap funds is surprising.

According to fund managers, innovation is a misunderstood concept. It is not limited to the narrow confines of technology. Innovation can happen anywhere, in any form, and technology is only one of the channels for innovation.

insurance companies and uncovered evasion of more than ₹15,000 crore, said people with knowledge of the matter. The tax on this will be about ₹4,500 crore, they said. The probe, which covered more than 25 insurers and over 250 businesses used to route commissions to agents, was conducted by the department's investigation wing.

Some households may choose to abandon home insurance altogether as premiums soared 28 per cent in the past year and up to 50 per cent in high-risk areas such as flood zones, according to a new report.

Aurizon has forecast higher coal and bulk haulage volumes in the year ahead after the rail group’s annual net profit fell 46 per cent to $276 million.

JB Hi-Fi says sales weakened in July after reporting a 4.3 per cent jump in revenue last year to $9.63 billion – higher than some estimates. Annual earnings and profits fell, leading to a lower dividend.

Last Voyage of the Demeter" struggled in its opening weekend, earning a meager $6.5 million. The movie, based on a chapter from Bram Stoker's «Dracula,» which follows the transport of the vampire's coffin from Transylvania to England, was distributed by Universal. In contrast, "Barbie" continued its dominance, securing the top spot for the fourth consecutive weekend. The Warner Bros. release generated $33.7 million, pushing its total earnings to an impressive $526.3 million. Taking second place was Universal's «Oppenheimer,» directed by Christopher Nolan. The film earned $18.8 million during the weekend, bringing its domestic earnings for the portrayal of atomic bomb creator J. Robert Oppenheimer's life to $264.3 million. This achievement solidifies its position as Nolan's fourth-highest grossing movie domestically, trailing behind «Inception,» «The Dark Knight,» and «The Dark Knight Rises.» «Teenage Mutant Ninja Turtles: Mutant Mayhem,» produced by Paramount Pictures, secured third place with $15.7 million. The animated feature, co-produced by Nickelodeon Movies and Point Grey Productions, has amassed $72.8 million in domestic earnings after two weeks. Warner Bros.' «Meg 2: The Trench» experienced a 60% drop in earnings from its $30 million opening, garnering $12.7 million and landing in fourth place. The adventure film's total domestic earnings now stand at $54.5 million. «The Last Voyage of the Demeter» had a production cost of $45 million but failed to attract audiences, marking another disappointment for Steven Spielberg's Amblin production company.

Men in Kilts has premiered. The last season of Sam Heughan and Graham McTavish's travel series immersed viewers in Scottish culture, exploring superstitions, Highland dancing, cuisine and more. This season, the duo embarks on a road trip in New Zealand, spotlighting Indigenous cultures.

IDBI Bank was at the heart of Indian industrialization pre-2000 but collapsed under its own weight. After a turbulent phase, it is being readied for privatisation as a turnaround story. The bank's chief executive Rakesh Sharma tells Joel Rebello and MC Govardhana Rangan that the transformation journey has burnished the allure of the lender that, at one point in time, had the highest bad-loan ratio relative to the funds advanced.

₹3,275.1 crore marginally missed consensus estimate of ₹3,384 crore. While domestic demand held up well, C&B product exports dipped due to subdued demand in the overseas market. The C&B segment is a major contributor to Pidilite’s revenues and the rest comes from B2B, which faced headwinds due to lower demand from business dependent on exports.

alcohol, or ENA. Beer maker United Breweries recently warned analysts that it does not see glass prices softening till the end of the year. More recently, tighter supply of rice—among the key raw materials used for ethanol production—has rattled distilleries.

RBI) also uses a package of explicit and implicit incentives to persuade economic agents to act in a certain fashion so that the central bank can meet its price, economic growth and financial stability mandates. Unfortunately, the incentives embedded in the current version of monetary policy as well as in the banking regulatory framework seem to be sending out mixed signals.

Mint spoke with some parents to understand how they finalized their hospitals and how much they paid in hospital costs at the time of delivery. Metro charges Niranjan Avasthi, senior vice-president, Edelweiss Asset Management Company, 39, who resides in the suburbs of Mumbai, says he and his wife Sharvari opted for Mamta Maternity Home located near their house for his second baby’s delivery. The baby was delivered in June 2021.

(Reuters) — Steel producer United States Steel (NYSE:X) Corporation said on Sunday it is initiating a formal review to evaluate strategic alternatives for the company.

Officials said that the utilisation of the India-Australia Economic Cooperation and Trade Agreement (ECTA) is as high as 90% in around 113 products especially labour intensive items where duties were reduced to nil from 5% under the pact. “90% of the exports of these products to Australia are happening through the FTA (free trade agreement) route,” said an official.

John Lonski discusses how President Biden said that the ‘Inflation Reduction Act’ has less to do with inflation than originally claimed on ‘Maria Bartiromo’s Wall Street.’

FOX Business’ Lydia Hu discusses the Reshoring Initiatives efforts to encourage companies to return manufacturing to the U.S. 

By Davit Kirakosyan