COST Financial News
10.08 / 16:28
10.08 / 16:28
10.08 / 16:05
COST
UPS
Provident
FIVE
Williams
country
NOT
Tax system not built to keep up with inflation — and it's hurting some Canadians more than others
Inflation has been on the top of many Canadians’ minds recently, with the year-over-year increase in the consumer price index (CPI) hitting a four-decade high of 8.1 per cent in June 2022. While inflation has started to cool, when the effects of higher inflation are combined with tax provisions that essentially ignore it, “the pain for earners, savers, and recipients of benefits,” can be multiplied, according to a new report issued this week by the C.D. Howe Institute.
10.08 / 15:37
COST
Manufacturing
Enterprise
awards
dividend
Container Corp Q1 results: Net profit dips over 17% at ₹246 crore, board approves dividend of ₹2 per share
Container Corporation of India on Thursday reported over 17% decline in net profit at ₹246 crore for the first quarter ended June 30 of fiscal year 2024. The company had posted ₹297 crore in the same period a year ago. Revenue from operations dropped 3.6% at ₹ 1,922 crore, Container Corporation said in an exchange filing.
10.08 / 15:37
COST
Provident
performer
surges
Samvardhana Motherson Q1 results: Net profit surges over four-fold to ₹601 crore
Samvardhana Motherson International Ltd (SAMIL) on Thursday said its consolidated net profit jumped over four-fold to ₹601 crore for the first quarter ended June 30, 2023. The company had reported a net profit of ₹141 crore for the April-June quarter of last fiscal.
10.08 / 15:37
COST
Target
Amazon
Platform
Costs
Amazon Cuts Dozens of House Brands as It Battles Costs, Regulators
retail sales. Given the small size of the business relative to the regulatory issues it creates, the company last year discussed offering to exit from the business as a concession to the FTC if the agency followed through with its lawsuit, the Journal reported. It couldn’t be determined whether Amazon has offered to regulators to exit from the business.
10.08 / 15:37
COST
UPS
Target
Digital
Aware
show
Costs
Inflation, and Housing Costs, Are Set to Turn a Corner
Americans are paying more to rent or insure their homes than a few years ago and much more to buy one with a mortgage, but there’s a silver lining in that hardship: A cool-down could help convince the Federal Reserve to pause its series of interest rate hikes. Thursday’s report from the Labor Department on inflation showed that more than 90% of the increase in prices in July came from shelter. Other big contributors were things like motor vehicle insurance.
10.08 / 13:43
COST
ICE
Hero
Hero MotoCorp Q1 Results: PAT zooms 32% YoY to Rs 825 crore, revenue rises 4%
Hero MotoCorp on Thursday reported a 32% year-on-year (YoY) growth in net profit for the quarter ended June 2023 to Rs 825 crore. Revenue from operations grew 4.5% YoY to Rs 8,767.3 crore.
10.08 / 13:09
COST
UPS
performer
Alkem Q1 PAT up 124% at ₹286.73 crore
Alkem Laboratories Limited, on Thursday, reported a 124.6% year-on-year surge in its profit after tax (PAT) at ₹286.73 crore for the June quarter. Revenue from operations stood at ₹2,967.7 crore in the first quarter of the current fiscal year, up 15.2%. The company’s earnings before interest, tax, depreciation and amortization (Ebitda) was ₹389.2 crore, while Ebitda margin stood at 13.1%.
10.08 / 13:09
COST
Disney
Platform
Parke
track
bob
Deal
Disney Earnings Put Focus on Bob Iger’s Deal-Making To-Do List
Disney ’s era of budget-priced streaming video packages and galloping subscriber growth has come to an end. For the second time in about a year, Disney unveiled a round of major price increases to its streaming products, raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each. The company also vowed to crack down on password-sharing , an effort that streaming rival Netflix started in earnest earlier this year.
10.08 / 13:01
COST
UPS
Lowe's
Target
show
Weekly
jobless claims
US consumer prices rise moderately in July; weekly jobless claims above expectations
WASHINGTON (Reuters) — U.S. consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
10.08 / 13:01
10.08 / 12:45
COST
Target
U.S. inflation rose by slower-than-expected 3.2% in July
Investing.com — Annual U.S. inflation accelerated by less than expected in July and rose at roughly the same pace on a monthly basis, pointing to a possible easing in price pressures and potentially bolstering the case for the Federal Reserve to pull back from its long-standing cycle of interest rate increases.
10.08 / 12:33
COST
Waves
stage
Indian
Indian space policy 2023 sets stage for private sector participation
₹10 crore for 2021-22, ₹33 crore for 2022-23, and ₹95 crore for 2023-24. Singh also informed that the Laser Interferometer Gravitational Wave Observatory – India (LIGO-India) project has been approved by the government at an estimated cost of Rs.
10.08 / 12:33
COST
Lowe's
Digital
CEO
Why Bata India shares plunged over 3% today - Explained
Bata India plunged over three per cent today, a day after the company reported its net profit declined 10 per cent to ₹106 crore in the April-June quarter of fiscal 2023-24 (Q1FY24). Bata India's consolidated net profit in the corresponding period last year stood at ₹119.3 crore. The footwear major's revenue from operations stood at ₹958.1 crore, reporting a marginal rise of 1.6 per cent, compared to ₹943 crore in the year-ago period.
10.08 / 12:33
COST
UPS
IPO
band
cover
week
Pyramid Technoplast IPO opens next week: GMP, price band, and other key details
₹151 to ₹166 per equity share of face value of ₹10 each. Pyramid Technoplast IPO lot size is 90 equity shares and in multiples of 90 equity shares thereafter. The floor price is 15.10 times of the face value and the cap price is 16.60 times of the face value of the equity share.
10.08 / 11:53
COST
Target
CEO
Thyssenkrupp
show
performer
Thyssenkrupp flags new cost cuts to regain investor confidence
By Christoph Steitz and Tom Käckenhoff
10.08 / 11:53
COST
UPS
Disney
Entertainment
country
U.S. inflation looms, Disney's TV plans - what's moving markets
Investing.com — Investors are gearing up for the release of key U.S. inflation data that could factor into future policy decisions taken by the Federal Reserve. Disney shares move higher premarket after the entertainment giant announces price hikes on its streaming platform, but boss Bob Iger says the company is considering options for its flagging TV business. Elsewhere, China expresses «serious concern» over a U.S. ban on some investments in the country's tech sector, hinting at a potential retaliation.
10.08 / 11:53
10.08 / 11:07
COST
Provident
Samvardhana Motherson Q1 Results: Cons PAT soars 4-fold YoY to Rs 601 crore
Samvardhana Motherson International on Thursday reported robust numbers for the June quarter, as consolidated net profit surged over four-fold year-on-year (YoY) to Rs 601 crore. Consolidated revenue from operations increased 27% YoY to Rs 22,462.20 crore. The operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA), soared 69% on year to Rs 1,940 crore, driven by operating efficiency, and softening of material and energy prices.
10.08 / 10:57
COST
Provident
FIVE
Variant
Features
Mahindra XUV300 expands lineup with affordable W2 Petrol variant and W4 TurboSportTM addition. Check price, features
XUV300 lineup. The introduction of the W2 petrol variant, now priced at ₹7.99 lakh, has effectively lowered the starting cost of the range. Additionally, a new variant, the W4, has been introduced in the Petrol TurboSportTM series with a price tag of ₹9.29 lakh (both prices are ex-showroom).
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