COST Financial News

Devang Mehta, Director-Equity Advisory, Spark Private Wealth, says “after a long hibernation, pharma has come out of its orbit. Probably, there is a lot more upside. Of course, one needs to be a little more specific in terms of whether it is US generic pharma or an MNC pharma or for that matter even a path lab but most of the businesses look interesting in terms of valuations.” Is there a bit of a chink in the armour of the entire thesis that the peak of the rate cycle is already over, inflation is under control? Or do you think the RBI step is very transient?It seems more like a transitory measure, Yesterday’s policy statement post the RBI policy also did not indicate any major concerns on the food inflation front.

By Mike Blake and Marco Garcia

Luton Town's promotion to the Premier League in May, the construction crews were moving in and the scaffolding was going up at its stadium, Kenilworth Road. The club's first home game in English soccer's top flight since its money-spinning, supercharged rebrand into the richest, most popular league in the world was not quite three months away. There was an alarming amount of work to do, and not nearly enough time to do it.

The Department of Energy announced Friday it is awarding up to $1.2 billion to two projects that promise to remove carbon dioxide from the air in what officials said was the largest investment in “engineered carbon removal” in history

Some private insurers are balking at paying for the first drug fully approved to slow mental decline in Alzheimer’s patients

Tens of thousands of doctors in England have walked off the job for another four-day stretch, with growing concerns that their bitter pay dispute with the British government will drag on into the winter

The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in the leisure sector benefited from the warm and settled weather

Narendra Modi on Saturday laid the foundation stone of Sant Ravidas Memorial in Sagar, Madhya Pradesh, which will be constructed at a cost of '100 cr. He also inaugurated several other development projects.

If you leave India, as I did, for a few months, which were meant to be a mixture of work and downtime with friends, and if in that period you spend chunks of time in different countries, then you must be super-careful and lucky to avoid your pocket being hollowed out by these faceless tricksters. First, all the Indian sub-liars' roaming charges are geared towards the wealthy — the kind of Indian who won't notice when his phone bill fattens about four times for the pleasure of using calling and data that shouldn't cost that much. If you're not loaded, your best bet is to get a local number.

sturdy ropes but its resin is a prohibited narcotic drug that can land you in jail? Startup companies who plunged into hemp, lured by its eco-friendly potential, are thrown by regulations that trip them at every step. Shalini and Jayanti Bhattacharya’s three-year-old company India Hemp and Co manufactures protein powder and cans of kombucha made with hemp seeds, but the sisters are at their wits’ end as they have been unable to sell their products on many ecommerce platforms. “It has been impossible to get the big ecommerce platforms to understand that hemp food products are approved by the Food Safety and Standards Authority of India (FSSAI) and are different from hemp-based medicinal products that require a prescription from an ayurvedic doctor,” says an exasperated Jayanti.

Narendra Modi laid the foundation stone for a temple of 14th century mystic poet and social reformer Sant Ravidas in Madhya Pradesh's Sagar district on Saturday. Addressing the gathering of BJP workers and saints gathering there from different parts of the state, the Prime Minister said the temple will be completed in the next one-and-a-half years.

Pakistan yet again witnessed a year-on-year increase in short-term inflation which now stood at 30.82 per cent for the week ending on August 10, official data from Pakistan Bureau of Statistics (PBS) stated, ARY News reported. The short-term inflation rate was measured by Sensitive Price Indicator (SPI).

₹4,000 crore in Madhya Pradesh's Sagar, the prime minister's office said. The projects include laying the foundation stone of Sant Shiromani Gurudev Shri Ravidas ji Memorial to be constructed at a cost of more than ₹100 crores, two road projects to be developed at a cost of more than ₹1,580 crores and doubling of Kota-Bina rail route developed at a cost of more than ₹2,475 crores.

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 Reserve Bank of India (RBI) on the liabilities front as of now.

By Maximilian Heath and Miguel Lo Bianco

By Alexandra Ulmer and Joseph Tanfani

By Deena Beasley

generic drugs, failing which they will be penalised and even their license to practice may also be suspended for a period, according to the new regulations issued by the National Medical Commission. The National Medical Commission (NMC) in its 'Regulations relating to Professional Conduct of Registered Medical Practitioners" also asked doctors to avoid prescribing branded generic drugs. Even though doctors are currently required to prescribe generic drugs only, there are no penal provisions mentioned in the regulations issued in 2002 by the Indian Medical Council.

Canara Bank has increased its marginal cost of lending rates (MCLR) by up to five basis points (bps), according to the bank's stock exchange filing. The new rates will be effective from August 12, 2023. The new MCLR will be effective from August 12, 2023. After the revision, its overnight MCLR rate jumped to 7.95 per cent from 7.9 per cent. One-month MCLR rate increased to 8.05 per cent from 8 per cent. However, the three-month MCLR rate kept unchanged at 8.15 per cent. Further, the bank increased the six-month MCLR rate to 8.5 per cent from 8.4 per cent. The on-year MCLR rate rose to 8.7 per cent. Earlier it was at 8.65 per cent. Further, Canara Bank’s Repo Linked Lending Rate (RLLR) stood at 9.25 per cent effective from August 12, 2023, as per the Canara Bank's website. “Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE RLLR OF THE BANK – 9.25%* w.e.f 12.08.2023,” according to Canara Bank’s website. “Rates of Interest of all Retail Lending Schemes are linked to REPO LINKED LENDING RATE RLLR OF THE BANK – 9.25%* w.e.f 12.08.2023,” according to Canara Bank’s website. Do note that the revised RLLR will apply only to new accounts opened on or after August 12, 2023, and to those accounts which will complete three years under the RLLR regime on or after August 12, 2023. The accounts that have not been completed for three years under the RLLR regime will continue to be at earlier RLLR i.e. 9.40 per cent, as per the Canara Bank website. This rate cut will impact the home loan lenders of Canara Bank.

₹865 crore. Under this project of total length of 16 km, the work of 2.2 km long Chandni Chowk Interchange has been completed. Both sides of the Mumbai-Bangalore highway have 2-lane internal and 2-lane external service.

BJP here ahead of Assembly polls. Taking to reporters, BJP in-charge for Rajasthan Arun Singh said «more and more people» are showing their faith in the BJP and attacked the Congress government over the «rising» crimes against women in the state. Assembly polls in the state are likely to be held later this year.