COST Financial News

Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson.

Legislation that would allow the use of funds from 529 college savings plans to finance education and training for professional designations — including financial advisor credentials — is attracting more support from lawmakers.

Also Read: Icahn Enterprises cuts dividend in half following Hindenburg's accusations Despite this huge figure, the combined profit for all investors who shorted the shares right after the report was around $56 million, not factoring in the setup costs, the Bloomberg report said. Earlier this year, Anderson went after Gautam Adani’s business empire and released a report accusing the then world’s third richest man of ‘pulling the largest con in corporate history’ and alleging that the conglomerate was involved in a “in a brazen stock manipulation and accounting fraud scheme over the course of decades.’ Anderson shorted Adani bonds, which might have yielded smaller gains as experts believe due to the challenges of building a sizable position in that market, the Bloomberg report added.

The price of Terra Luna Classic (LUNC) has dropped to $0.00007840 today, representing a 0.5% loss in 24 hours and a 3.5% decline in the past week.

Multibagger stock: JTL Industries shares are one of those stocks that have delivered whopping return to its positional investors in post-Covid stock market rebound. After making its bottom in March 2020, this logistics stock has risen from around ₹14.50 to ₹404 apiece levels on BSE, logging near 2,700 per cent rise in this time. JTL Industries share price today opened upside and went on to hit a new life-time high of ₹404 apiece on NSE.

Narendra Modi launched a new capital expenditure (capex) programme worth ₹24,470 crores to revamp 508 railway stations on Sunday. Share of Indian Railway Finance Corporation Ltd (IRFC) and Ircon International Ltd gained over 6%, and touched 52-week high, while shares of Rites Ltd, Railtel Corporation of India Ltd, and Jupiter Wagons Ltd gained over 0.4% to 5%.

₹33,990. Samsung Crystal Vision 4K UHD TV is offered in 43-inch, 55-inch and 65-inch screen sizes.

Public sector lender, Bank of Baroda (BoB), reported its June quarter (Q1FY24) results on Saturday. As is the case with most large banks, BoB also saw a sequential decline in net interest margin (NIM), though the fall was sharper than most analysts’ estimates. In Q1, NIM was down 26 basis points (bps) sequentially to 3.27%.

Meet Me At The Lake by former journalist-turned-author Carley Fortune. Estimated to cost up to a staggering £3 million ( ₹31.5 crore), the love story resonates with echoes of Harry and Meghan's real-life romance, The Sun reported. Themes of childhood trauma, mental health and post-natal depression are interwoven into the narrative, making it a perfect fit for the couple's interests and experiences.

India Cements reported a standalone net loss of ₹75.27 crore in the first quarter of FY24 as compared to a net profit of ₹76.09 crore in the same period last year. The company’s revenue from operations during Q1FY24 declined 3.7% to ₹1,393.04 crore from ₹1,446.23 crore, YoY. Operating performance in the June quarter weakened as earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 83.7% to ₹5 crore from ₹30.9 crore, while EBITDA margin compressed by 170 basis points (bps) to 0.4% from 2.1%, YoY.

Andrew Lawson, who runs the Australian branch of Italian renewable energy company Fera after playing a key role in the development of Melbourne’s City Link road project, says it’s much easier to build a freeway in Victoria than a wind farm.

Bunnings will cut 100 jobs from its New Zealand head office in a bid to become more efficient at a time when consumers are slowing their spending and seeking lower prices.

EnergyAustralia’s parent company is still in discussions with potential partners for the business after Macquarie Group walked away, but chief executive Richard Lancaster says the solution may turn out to be deals at a project level rather than for the company as a whole.

European stocks slipped on Monday as investors assessed the likely impact of a mixed U.S. jobs report on the Federal Reserve's future policy moves, while awaiting key inflation figures from across the globe this week.

BEST remained off roads on Monday as drivers of the private bus operators continued their strike for the sixth day over salary hike and other demands, officials said. Sunil Vaidya, spokesperson of the Brihanmumbai Electric Supply and Transport (BEST), said the public transport body operated 603 wet leased buses with its own drivers on various bus routes, along with operating around 1,390 of its own buses.

customs duty on certain items, banning import of used or old equipment, and introduction of performance linked incentive scheme for value-added production will help India's medical devices industry touch USD 50 billion by 2030, a report by think tank GTRI said. Suggesting six action points for the government and industry for accelerating growth of the sector, the Global Trade Research Initiative (GTRI) also asked the government to not allow input tax credit (ITC) for the IGST paid on import of items where basic customs duty is zero; combatting foreign influence; and encourage local sourcing for essential Make in India products.

₹19,406 crore, will supply 1478.28 MW of power to Uttar Pradesh and 492.72 MW to Assam. The project is in the implementation phase, with the first phase of this plant is expected to start power generation by the end of this year, it added. NLCIL is also working on a 3 x 800 MW pithead thermal power plant at Talabira in Odisha, projected to cost ₹19,422 crore.

Madura segment fared better. On a like-to-like basis, Pantaloons and Lifestyle brands (part of the Madura segment) growth fell by 8% and 3%, respectively. This implies that revenue growth was driven primarily by network expansion and new businesses (such as Reebok and TMRW), point out analysts from Kotak Institutional Equities.

trading at their 52-week lows. Investing in a falling stock is akin to catching a falling knife that has burned many, with investment values plummeting further. Therefore, buying the dip demands careful consideration.

Lic’s Jeevan Kiran (Plan No. 870) is a new life in...

quarterly numbers that came as a surprise to many investors. On the other hand many were expecting the company to turnaround soon. Yesterday, Zomato share price spiked around 15% in intraday trade.