COST Financial News

09.08 / 15:41

COST UPS Bottomline performer Hero Hero MotoCorp Q1 Preview: PAT may surge 42% YoY; price hikes to aid sales growth

Hero MotoCorp is expected to report year-on-year growth in revenue for the quarter ended June despite a drop in volumes, primarily due to price hikes undertaken by the company. Higher prices and a richer product mix are likely to aid the operational performance of the company. The country’s largest two-wheeler maker is likely to report a 42% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 887 crore, according to the average of estimates given by 13 brokerages.

09.08 / 15:41

COST IPO Provident Lowe's CEO Warning WeWork shares sink after warning of bankruptcy risk

WeWork warned of a possible bankruptcy in a stunning reversal of fortune for the shared workspace provider that four years ago was one of the world's most prized startups with a valuation of $47 billion. The SoftBank-backed company, valued at just $446.8 million as of last close, has been in turmoil ever since it filed its IPO paperwork in 2019 as investors pointed out governance issues involving its then founder-CEO Adam Neumann. The company went public in 2021 through a SPAC merger after abandoning its IPO plans, but the struggles continued as investors doubted its business model and clients moved to hybrid work since the pandemic.

09.08 / 15:41

COST UPS Provident Booking country Suzlon Energy board approves QIP to raise up to Rs 2,000 crore

Suzlon Energy has approved launching qualified institutional placement to raise up to Rs 2,000 crore. The QIP will be of Rs 1,500 crore, with an oversubscription option of Rs 500 crore. «The securities issue committee of the Board has decided to undertake qualified institutions placement of equity shares to an extent of up to Rs 1,500 crore, with an option to retain oversubscription of up to Rs 500 crore,» the company said in a filing.

09.08 / 15:25

COST Provident CEO Action country Warning NOT WeWork India says not impacted by US-based WeWork Global's bankruptcy warning

WeWork India on Wednesday said its business will have no impact from the development in US-based WeWork Global, which has said «substantial doubt» exists about the company's ability to continue as a going concern. In WeWork India, Bengaluru-based real estate firm Embassy Group hold a 73% stake, while WeWork Global has a 27% shareholding. In June 2021, WeWork Global, which is a leading provider of flexible workspace, invested $100 million (about Rs 750 crore) in WeWork India.

09.08 / 15:01

COST UPS Citi FIVE RBC show Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC says

The Bank of Canada’s latest interest rate hikes appear to have put the brakes on the housing market rebound in many cities and the road ahead for further recovery is expected to be rocky, say economists at the Royal Bank of Canada.

09.08 / 15:01

COST UPS Provident Enterprise band Trans Indigenous stake Canada to sell Trans Mountain pipeline stake to Indigenous groups through special-purpose vehicle

Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special-purpose vehicle that will allow individual communities to buy into the enterprise.

09.08 / 14:39

COST UPS Lowe's Booking share price PB Fintech share price extends losing streak to second session post Q1 results; should you buy, sell or hold?

PB Fintech shares continued its losing streak for the second consecutive session on Wednesday's trade following the release of the company's Q1FY24 earnings on Monday, in which it trimmed its on-year losses. PB Fintech share price lost over 5% in today's session. PB Fintech stock price closed 2% lower at ₹745.15 on BSE.

09.08 / 14:21

Blockchain COST Art CEO coinbase Coinbase Report Says 19% of New York Residents Own Cryptocurrencies

Leading crypto exchange Coinbase published a report on Tuesday highlighting the crypto adoption and innovation in the New York state. Coinbase conducted a survey, which noted that 19% or one-fifth of New York responders own crypto.

09.08 / 14:13

COST Lowe's Action Moodys show moody’s These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third

The Moody's ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank.

09.08 / 13:45

COST UPS JPMorgan guidance Q3 Carvana shares rally as online used car retailer raises Q3 guidance

Carvana (NYSE:CVNA) shares have jumped premarket after the company lifted its third quarter guidance.

09.08 / 13:35

COST Aldi Parke BAY performer plane Boardmasters 2023: How to travel to the Cornwall music festival by train, plane, coach and car; All you need to know

Boardmasters 2023 begins Wednesday, August 9 and will go on until Sunday, August 11, with some of the best music artists performing this year. The music festival will be held at two venues – the Watergate Bay and the Fistral beach – in Newquay, Cornwall, England.

09.08 / 13:05

COST UPS Entertainment Enterprise shootings Zee Enterprises Q1 Results: Firm posts Rs 53 crore-loss vs profit a year ago; revenue rises 8% YoY

Zee Entertainment Enterprises (ZEEL) on Wednesday reported a consolidated net loss of Rs 53.4 crore for the quarter ended June 2023, compared to a profit of Rs 107 crore a year ago. Consolidated revenue for the quarter increased 7.6% year-on-year (YoY) to Rs 1,984 crore. Sequentially though, the net loss narrowed from Rs 196 crore, while revenue declined 6%.

09.08 / 13:05

COST UPS Provident country voice National Agency Parliament passes Bill to set up national agency to fund research across universities

Anusandhan National Research Foundation Bill 2023 to set up a national agency to fund research across universities in the country. The Bill was passed by the Lok Sabha on Monday. It was passed by a voice vote in the Rajya Sabha in just 40 minutes after being taken up for consideration and passage.

09.08 / 13:05

COST UPS Citi Now, Stray cows in Ahmrabad to have a dedicated Rs 6-crore crematorium for dignified farewell

cows in the city with a dignified farewell through their very own crematorium, where their carcasses will be efficiently disposed of using a clean and effective CNG furnace. Initiated by a group of BJP councillors and officials from the Ahmedabad Municipal Corporation (AMC), the project aims to tackle the current challenge of disposing of deceased cows, which often end up in the Pirana landfill. However, the innovative proposal for a cow crematorium has sparked a debate among officials, with some suggesting that it should be reconsidered, a TOI report stated.

09.08 / 12:43

COST UPS FIVE Citizens Pool open Govt cuts rice price under open market sales to ₹29 a kg

₹2 per kg to ₹29 per kg under the Open Market Sale Scheme (OMSS). The move comes amid few takers for the food grain at ₹31 a kg. The Food Corp.

09.08 / 12:37

COST CEO Strategy POT Trulieve Cannabis posts wider Q2 loss on weak demand, higher expenses

(Reuters) -Pot firm Trulieve Cannabis (OTC:TCNNF) on Wednesday posted a wider second-quarter loss on weak demand and higher expenses.

09.08 / 12:37

COST UPS Target UBS UBS sees a 'long wait for improvement' for UPS

UPS (NYSE:UPS) shares are down more than 1% premarket after UBS downgraded the stock to Neutral from Buy and lowered the price target to $185 from $198 per share.

09.08 / 12:01

COST Bottomline Power Tata Power Q1 Results: PAT jumps 22% YoY to Rs 972 crore, sales rise 5%

Tata Power on Wednesday reported a 22.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 to Rs 972.49 crore. Consolidated revenue from operations grew nearly 5% YoY to Rs 15,213.29 crore.

09.08 / 11:35

COST Digital Amazon Qualcomm Xiaomi country Features Redmi Note 13 Pro+ tipped to get these features.. Check details

Digital Chat Station on Weibo, it is suggested that the Redmi Note 13 Pro+ might come equipped with a 200-megapixel primary rear camera sensor. The report indicates that this camera could incorporate a 4x in-sensor zoom capability, potentially leading to improved quality in zoomed-in photos with enhanced resolution and reduced noise. The upcoming flagship model, Redmi Note 13 Pro+, is rumored to showcase a curved-edge display, marking a first for the Redmi Note series.

09.08 / 11:35

COST NASDAQ Action Gap show Banks’ Problems Aren’t Over, According to the Bond Market

Regional bank stocks have been on a tear lately. But what is happening with their bonds should be a wake-up call. On Monday, ratings firm Moody’s Investors Service took action on 27 banks, including downgrading the credit ratings of 10 and putting others under review or giving their ratings a negative outlook.

09.08 / 11:13

COST Provident FIVE SoftBank WeWork Raises Doubt About Its Survival

startups worth $47 billion, said Tuesday excess supply of commercial real estate, greater competition for flexible space and uncertain economic conditions resulted in losses in the second quarter. The company has seen higher churn and lower demand than it anticipated, with memberships at its locations falling from a year ago, Interim Chief Executive Officer David Tolley said in its quarterly results.

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