COST Financial News

08.08 / 02:29

COST UPS Fox show Credit card debt set to hit $1T as inflation continues squeezing Americans

'The Ramsey Show' co-host George Kamel discusses the drop in retail sales and consumer spending, and reacts to Marie Osmond not granting her children an inheritance.

08.08 / 02:29

COST UPS Fox country blues Newly passed California law squeezes ‘lots of costs’ out of mom-and-pop pork producers

FOX Business' Jeff Flock reports from Lewisburg, Pennsylvania, where pork producers are warning one regulation may cause nationwide pork price surges.

08.08 / 01:13

COST UPS Provident Platform show Insurers buying into STRIPS may lead to softer G-Sec yields

insurers to better manage their long-term liabilities is reporting a volume surge, pointing to the likelihood of lower borrowing costs for the Centre — and the broader economy — as insurance companies buy into the instrument for its inherent structural flexibility. Latest data published by the Clearing Corporation of India, which hosts the trading platform for government bonds, showed transactions in Separate Trading of Registered Interest and Principal Securities, or STRIPS, surged over three-fold in the first quarter of the current fiscal year.

08.08 / 00:53

COST UPS Oscar show Customer Myer says profits could be 20pc higher despite lower customer spending

Myer is tipping significantly higher profits for the year to the end of July after preliminary sales figures showed growth despite deteriorating trade conditions as shoppers become more cautious.

08.08 / 00:13

COST UPS SUN NIFTY index Nifty Pharma index hits a new high as investors lap up defensives

healthcare companies gathered steam with the Nifty Pharma hitting an all-time high on Monday on account of investor appetite for the so-called defensive investment themes.Analysts said the recent surge in pharma shares is part of a catch-up rally as many of them have not participated in the broader market upmove in recent years. The Nifty Pharma Index jumped 1.56% on Monday to close at 15,479.25 as against the 0.4% advance in the benchmark Nifty.

07.08 / 23:09

COST FIVE CEO Tesla stage voice Tesla replaces CFO as Kirkhorn ends 13 years at the EV maker

Tesla chief financial officer Zachary Kirkhorn stepped down after 13 years at the electric vehicle maker, a surprise shake-up that raises new questions about succession in the top ranks of Elon Musk’s company.

07.08 / 19:47

COST Citizens Bitcoin analyst Crypto Analyst Highlights Germany's Economic Challenges and Its Surprising Implications for Crypto

A weakening economy and potential recession in Germany could be positive for Bitcoin (BTC) prices, crypto analyst Marcel Pechman believes.

07.08 / 19:33

COST UPS Manufacturing PepsiCo country PepsiCo India FY23 net profit hits ₹255 cr

₹255 crore in FY23 against a net profit of ₹27.8 crore a year earlier, according to its filings with the Registrar of Companies. The growth was driven by a cost efficiency drive, including strategic pricing adjustments to mitigate the impact of high inflation, it added. The company, which sells Lay’s chips, as well as Mirinda and Tropicana brands of beverages, said its FY23 earnings grew by 28.5% to ₹8,128 crore on the back of higher sales of both food and beverages.

07.08 / 19:13

COST UPS Provident Cooper Southern Govt confident higher production in August will bring down tomato prices

central government is expecting the produce of tomatoes to increase from 2,23,000 MT in July to 5,44,000 MT in August in major producer states, bringing down prices of the vegetable and providing respite to consumers. «As the production in major growing areas especially in Himachal Pradesh go up, we will see cooling down of prices,» according to a senior official from the Ministry of Consumer Affairs, Food and Public Distribution. The harvest in Himachal Pradesh, which is the main source of tomatoes in the national capital region and other northern markets, is expected to jump from 2,000 MT in July to 30,000 MT in August, providing relief to consumers.

07.08 / 18:59

COST Compilation CVS show Vehicle registrations stay in the fast lane

Vehicle registrations — a proxy for retail sales — rose 10% last month amid sustained consumer demand, boosting industry sentiment ahead of the festive season. The Federation of Automobile Dealers' Association (FADA) is optimistic of the momentum in the automotive market to continue, buoyed by new vehicle launches and increased government spending on infrastructure projects. However, it is also cautious about the risk from a possible fall in monsoon rains this month, which could affect farm output and the rural economy, and in turn hurt the demand for two-wheelers, entry-level passenger vehicles and tractors.

07.08 / 18:47

COST UPS Cooper DAL surges Veg thali cost surges 28% in July amid soaring food prices

NEW DELHI : Soaring prices of vegetables, especially tomatoes, onions, and potatoes, have placed a heavy burden on the poor, who spend the bulk of their income on food. According to a Crisil study, the cost of a typical vegetarian thali, commonly consumed across several parts of India, has surged by a third in just a month. The cost of preparing a vegetarian thali at home surged by 28% in July from the preceding month due to the jump in prices of vegetables and spices.

07.08 / 18:47

Facebook COST IPO Lowe's Digital SoftBank Meesho posts maiden profit in July, weighs IPO in 12-18 months

Meesho is looking at a public listing in the next 12-18 months after the e-commerce startup reported its maiden net profit in July, chief financial officer Dhiresh Bansal said. Meesho, which had earlier raised more than $1 billion from Prosus, SoftBank and Facebook, among investors, expects to close the current financial year with 40% growth in revenue run rate, Bansal said in an interview. “Our January-June revenue run rate has been around $400 million and expect to end the year at a 40% compounded annual growth rate (CAGR)," he said.

07.08 / 18:47

COST Aware Platform Strategy Reliance Jio Reliance Jio, Retail record 65% jump in attrition in FY23

Reliance Industries Ltd (RIL) has seen a substantial uptick in incidences of “voluntary separation" in its retail and telecom divisions in 2022-23. Attrition rates rose by 64.8% over FY22, according to the annual reports of the conglomerate. Although the conglomerate spanning oil to telecommunications boosted its hiring efforts, the momentum was lost following its acquisitions as operational redundancies led to duplication of roles across various functions, said three people aware of the development.

07.08 / 18:07

COST UPS Orange country The U.S. Has a Beef With Europe—Over Cheese

genetically modified crops. The U.S. is the world’s top exporter of food, excluding fish, according to the Food and Agriculture Organization of the United Nations, shipping out close to $200 billion in agricultural exports in 2022, according to the Agriculture Department.

07.08 / 17:23

COST UPS Citi Provident Metro cover Costs Know the costs of caring for your elderly parents at home

₹80,000 every month on her dialysis and other costs. “Until last year, her treatment was based on medication. But, one day, she collapsed and had to be hospitalized, Now, she needs dialysis thrice a week.

07.08 / 17:23

COST UPS Provident Gap awards Highways country How NHAI plans to dodge a debt trap

₹8,480 crore. When it was inaugurated on 12 March, a lot of the social media chatter was about its scale and impact—it cut down travel time between the two cities to just 75 minutes, from over three hours earlier. A couple of months later, the buzz on social media changed course—those using the highway grew increasingly critical.

07.08 / 17:23

COST UPS MET performer country Indian ‘Guyana to buy Indian Dorniers, interested in other defence hardware’

NEW DELHI : Guyana will purchase two Dornier aircraft from India, said Capt. Gerald Gouveia, the South American nation’s National Security Adviser.The Dornier, built by Hindustan Aeronautics Ltd, suits Guyana’s needs for aircraft to improve connectivity, he said in an interview, adding Guyana is also interested in purchasing patrol vessels, a fleet of armoured vehicles and radar systems. Guyana and India will also step up personnel training to improve military-to-military contacts.

07.08 / 17:17

COST UPS Lowe's Time U.S. consumers saying 'bad time to buy' a house hits 13-year high in July

By Safiyah Riddle

07.08 / 16:57

COST UPS Gap Strategy performer Britannia hit as local rivals return

₹4,011 crore in the June quarter (Q1FY24). The margin performance was a letdown, too. Small wonder, Britannia’s shares fell by almost 3% on Monday.

07.08 / 16:49

COST UPS Provident Solomonic Time Barcelona vs Tottenham: Kick off date, time, how to watch, live streaming and TV channel details; All you need to know

Barcelona on Tuesday night. After a convincing 5-1 victory over Shakhtar Donetsk, where Harry Kane scored four goals, Spurs are gearing up for their Premier League opener against Brentford this weekend. Before shifting their focus to the league, Tottenham is heading to Spain for the Joan Gamper Trophy, Barcelona's traditional curtain-raiser. This year's contest marks the 58th edition, with Barcelona remaining unbeaten in the annual friendly since 2012. Tottenham will be the first English team to participate in the event since Arsenal's defeat four years ago. It promises to be an exciting clash as both teams look to test their mettle before the competitive season begins.

07.08 / 16:47

COST Lowe's Biogen Low Sage tumbles to record low on clinical depression pill setback

By Bhanvi Satija and Mariam Sunny

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