COST Financial News

08.08 / 08:13

COST Citi Reuters Simulation Commerzbank Italian bank shares slide after government surprises with windfall tax

Italian banking shares took a beating on Tuesday morning after Italy's cabinet approved a 40% windfall tax on lenders' «excess» profits in 2023.

08.08 / 07:49

COST UPS country voice Woodside signs up Japan for $16.5b LNG project

Two major Japanese investors have struck a $US500 million ($763 million) deal to buy into Woodside Energy’s $16.5 billion Scarborough LNG project in Western Australia, shrugging off warnings from green groups about the environmental and commercial risks involved with the project.

08.08 / 07:49

COST Target Southern social dance Brolgas won’t stop Victoria’s energy transition: Andrews

Daniel Andrews says he is confident Victoria can meet its ambitious renewable energy targets despite warnings that strict environmental rules set for a $1 billion wind farm project in the state’s south-west threaten to hinder the energy transition.

08.08 / 07:49

COST MET Extreme RIO Coronado declares coal price floor in a ‘dire’ steel market

The chief financial officer of Queensland coal miner Coronado, Gerhard Ziems, says coking coal prices are close to a floor amid “dire” global steel markets deflated by China’s weakening trade pulse.

08.08 / 07:49

COST BLOCK Entertainment ANZ star valuation Barrenjoey valuation eyed ahead of Magellan FY numbers

Magellan Financial Group is set to report its annual results next week, giving investors the opportunity to dig into its embattled funds management business. But plenty of scrutiny will be on its most off-piste investment: Barrenjoey Capital Partners.

08.08 / 07:03

COST UPS Lowe's Digital Future expansion Abhay Soi on Max Healthcare's expansion plans and future outlook

«I think first and foremost you are seeing a year on year increase of about 17% on revenue as well as 18% on EBITDA. You have to keep in mind that the first quarter is usually the weakest quarter in the year,» says Abhay Soi, CMD, Max Healthcare.In Q1 FY24, while revenue growth was 20%, PAT was down quarter on quarter, mainly due to increase in employee cost and tax expenses. So since the company's expansion spree, should we expect higher cost going ahead as well? I think first and foremost you are seeing a year on year increase of about 17% on revenue as well as 18% on EBITDA.

08.08 / 06:37

COST McDonald's Manufacturing CEO Beyond Meat revenue plummets in the second quarter due to flagging US demand

Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its plant-based meat substitute fell despite price cuts

08.08 / 06:37

COST Provident Waves Man shootings show cover Attacks at US medical centers show why health care is one of the nation's most violent fields

Shootings and other attacks are increasing at hospitals across the U.S., contributing to health care becoming one of the nation's most violent fields

08.08 / 06:11

COST Lowe's Progressive show performer India Cements faces steep earnings cuts as company-specific concerns loom

India Cements Ltd is seeing sharp cuts in its FY24/FY25 earnings estimates after it disappointed investors with its unimpressive June quarter (Q1FY24) earnings performance. Shares fell nearly 1.5% on the National Stock Exchange in early deals on Tuesday. Its cement division posted an operating loss, yet again.

08.08 / 06:05

COST UPS Provident Digital Platform Enterprise country Processing over Rs 18,000 cr in payables, how Cashflo used AI in one of the most stressful, error-prone business tasks

accounts payable (AP) function. Other than posing challenges for AP teams, this can also negatively impact decision-making processes at companies, which can have a bearing on their growth trajectory, says Ankur Bhageria, Founder-CEO, CashFlo. Bagheria’s CashFlo is among the companies working towards tackling these challenges and also helping them and their supply chains to grow faster by providing easy and fair access to liquidity.

08.08 / 05:25

COST UPS Target Gland Pharma shares zoom 20% as Q1 growth triggers upgrades

Gland Pharma on Tuesday rallied up to 20% to the day's high of Rs 1,610 after the company reported better-than-expected June quarter earnings with revenue growing 41% year-on-year (YoY). Global brokerage firm Jefferies upgraded the stock to buy from underperform with an increased price target of Rs 1,640 from Rs 1,065 earlier. Bernstein also gave an outperform rating on Gland Pharma, saying that the Q1 numbers point towards early signs of revival in base business.

08.08 / 05:25

COST Man DAL show Why the cost of veg thalis rose way faster than that of non-veg thalis in July

Crisil's monthly indicator of food plate cost showed. The cost of vegetarian thalis rose 28% during the month under consideration, and that of non-vegetarian ones by 11% month-on-month, the data revealed. As per Crisil's reckoning, a veg thali comprises roti, vegetables (onion, tomato and potato), rice, dal, curd and salad.

08.08 / 05:05

COST UPS SUN show performer What to expect from Hindalco, Coal India, Adani Ports? Deven Choksey answers

Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd, says “maybe for Coal India, the price in the open options has also fetched a better realisation. To a greater extent, that should also get reflected positively into the company’s numbers.

08.08 / 04:53

COST UPS Citi UBS Customers James Hardie profits jump as customers ‘sit on the sidelines’

James Hardie lifted prices by 12 per cent in Australasia in the June quarter, pushing profit margins in the region to an all-time high even though its sales volumes slipped.

08.08 / 04:47

COST Provident CEO awards stage country Costs Offshore wind runs into rising costs and delays

wind complexes, in the North Sea off eastern England. Now, there are questions about whether this project will ever be built.

08.08 / 04:29

COST UPS Siemens Manufacturing Racing Discover Wind 'Turbinegeddon' is a troubling climate omen

Siemens Energy AG’s woes stem chiefly from technical issues with a new generation of onshore wind turbines. Wind power is vital to cutting carbon emissions, and the industry has raced to launch bigger and more powerful machines. But the Siemens Gamesa wind business moved too fast and has now discovered abnormal vibrations arising from blades and bearings which may have to be replaced.

08.08 / 04:11

COST UPS HDFC Bank hikes lending rates: Loan EMIs to go up. Check latest MCLR rates here

HDFC Bank has hiked benchmark marginal cost of funds-based lending rates (MCLR) by 15 basis points (bps) on select tenures with effect from 7 August. However, MCLRs for tenures longer than one year remain unchanged. According to the bank website, the overnight MCLR is now 8.35%.

08.08 / 04:11

COST fall Coal India Q1 Results Live: Net profit likely to fall 33% YoY to ₹5,890 crore; revenue may remain flat

₹234.90 apiece on the BSE, after opening at ₹232.55 apiece against the previous close of ₹232.85 apiece.Coal India’s revenue is likely to fall 1.27% to ₹34,645 crore in the quarter ended June 2023 as compared to ₹35,092.2 crore in the corresponding quarter of last fiscal. On a sequential basis, Coal India Q1 revenue may fall 9.19% from ₹38,152.3 crore in the March quarter, according to average analysts' estimates.Coal India’s net profit in Q1FY24 is likely to fall 33% to ₹ ₹5,890 crore from ₹8,834.2 crore in the same period last year., as per brokerage poll by Livemint.

08.08 / 04:05

COST UPS Manufacturing Dreams etmarkets ETMarkets Smart Talk- Global macro, FII flows among top 5 factors that will drive markets: Kedar Kadam

market declines,” says Kedar Kadam, Director — Listed Investments, Waterfield Advisors. In an interview with ETMarkets, Kadam said: “We expect the momentum to continue in small & midcaps though we suggest investors be selective and avoid the FOMO factor in picking stocks at the current market levels” Edited excerpts: We are seeing some nervousness at record highs for Mr Market. How do you see things moving – have we hit the top for the moment? When you are in your nervous 90’s, expect bouncers and choose your shots carefully.

08.08 / 04:05

COST UPS Reuters Manufacturing Platform Gap India bars makers of military drones from using Chinese parts

India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.

08.08 / 03:05

COST UPS Target Reuters show Gold Prices Gold prices in check as US dollar shows resilience

Gold prices were flat during early Asian hours on Tuesday as the dollar regained some footing, with investors awaiting U.S. inflation numbers due this week for clarity on whether more rate hikes are on the table. FUNDAMENTALS * Spot gold held its ground at $1,935.39 per ounce by 0058 GMT, while U.S.

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