COST Financial News

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Eicher Motors shares rose nearly 3% to Rs 3,478 in early trade on Friday after the firm reported a 50.38% year-on-year (YoY) rise in its June quarter profit at Rs 918 crore to beat Street estimates. However, later in the day, the stock was trading flat at Rs 3,378.

«As far as the global speciality sales in current quarter, Q1 FY24, we did U.S. dollar 232 million, which is about 20% growth over the previous year corresponding quarter. And if you look at our FY22-23 revenues of speciality business globally, it was $874 million, which is almost doubled over a period of three years,» says CS Murlidharan, CFO, Sun Pharma.The on ground situation largely with respect to pricing in the US, was there any improvement with regard to price erosion sequentially and what is the outlook going forward?As we have shared in the call the U.S.

mutual fund industry is doing. Some of this praise is directed towards you too, dear reader. For your SIP more than anything.

Bud Light’s parent company expressed confidence Thursday that its U.S. market share has stabilized after a promotion with a transgender influencer cost it sales

Tata Motors have joined the strike on Thursday," BEST has hired buses on a wet lease model, which means that the private operators are responsible for vehicle ownership, maintenance, fuel and driver costs. The protesting drivers complain that they have not received adequate salary hikes in the last three years, which has made it difficult for them to manage their household expenses.

Airtel's improving subscriber mix, cost-led margin improvement, and improving free cash flow generation in the June quarter were strong enough reasons for the US brokerage to reiterate a buy. Hong Kong-based CLSA too maintained a 'Buy' stance on the counter, arguing for a favourable risk-to-reward ratio. The stock jumped nearly 2% on the NSE to attain its day's high of Rs 482.

Mesoblast investors are used to trying to read the tea leaves ahead of a major announcement. August 2 – the deadline the US Food and Drug Administration had given to rule on its latest application – proved to be no different.

«So, Max Estates now directly gets listed. Of course, the name will change to reflect the nature of our business and as an offering, it is a pure play real estate development company focussed on the national capital region,» says Sahil Vachani, Max Ventures.Let us understand the thought behind this change. It is just a change of the name by merging it with a subsidiary. Was there a need to do this?Yes, so the idea was to be able to directly list Max Estates and take away the holding company structure.

«It may not have been visible in the recent quarters because there is a lag impact between how raw material costs or input costs behave and what happens in terms of the P&L in the companies,» says Harsha Upadhyaya, Kotak AMC.You liked cement in the past and you have said, look, the cash flows in the cement sector are getting better. It is a sector where pricing power should improve, but the reverse is at play. Even though decent consolidation has happened after the Adani’s entry into ACC and Ambuja, I looked at the numbers from Dalmia, even for that matter UltraTech, they do not look impressive. Why is cement not coming back given the economy is growing, roads are getting built? See, clearly demand has continued to remain strong but we have not seen price growth as you rightly mentioned, but we should also look at how costs have moved down in this sector.

India mobile average revenue per user (ARPU) reported by Bharti Airtel for the fiscal first quarter has been aided by better subscriber mix with more postpaid customers added in the quarter, and the full impact of the entry level tariff interventions taken by the telco from November 2022 to March 2023, analysts said. Airtel’s ARPU for the quarter at Rs 200 beat street estimates of Rs 197, indicating that its premiumisation strategy is being executed effectively, they added. “Bharti’s 1Q performance is yet another indicator of its strong execution backed by an effective premiumisation strategy and cost control, that is yielding results in the form of market share gains, robust FCF (free cash flow) generation, and B/S (balance sheet) deleveraging, notwithstanding high ongoing capex,” analysts from Citi said.

Let us take a look at some such instances which might seem familiar to many of us.Copy jam decks: This is when the presenter has to take printouts of the slides and pass them around even when a digital version of the presentation is playing on the screen. If the presentation has 50+ slides, even the giant printer and copier in the office will get jammed. Now imagine taking printouts for a meeting that has multiple attendees.

Britannia Industries, the FMCG major, will announce its Q1 results today. The company is expected to witness decent earnings growth on the back of healthy demand and moderating input cost inflation. The demand environment for the FMCG sector remained stable.

Phillip Capital expects M&M's revenue to grow 24 per cent year-on-year (YoY) for Q1FY24 led by an 11 per cent increase in volumes and a 12 per cent increase in realisations on the back of improved product mix and price hikes. Profit after tax (PAT) for the quarter can grow 35 per cent YoY.

Adani Power, part of the Indian conglomerate Adani Group, reported an 83.26% rise in first-quarter profit on Thursday, boosted by a steep drop in its tax bill and a jump in collection of delayed payments. The company's consolidated net profit rose to 87.59 billion rupees ($1.06 billion) in the April-June quarter, from 47.80 billion rupees a year ago. That was mostly due to a near 96% drop in its tax bill and a near four-fold jump in delayed payments, including interest, from power distribution companies.

Amazon on Thursday reported a quarterly profit that trounced market expectations, driven by strong sales helped by its annual Prime discount event. The tech giant said it made a profit of $6.7 billion in the recently ended quarter, eclipsing earnings forecasts. «It was another strong quarter of progress for Amazon,» the company's chief executive Andy Jassy said in an earnings release.

Alberta withdrew its support for a bid centred around Calgary/Edmonton to host the 2030 Commonwealth Games on Thursday, ending any chance of bringing the multi-sport showcase event back to Canada for its centennial. The decision was another blow for the embattled Commonwealth Games Federation (CGF) after Hamilton, Ontario, which hosted the inaugural Games in 1930, suspended its bid and Australian state Victoria last month withdrew as host of the 2026 Games due to projected cost overruns.

Gold prices looked set to post their worst week in six on Friday as investors braced for a closely watched U.S. jobs report after a string of solid economic data this week drove Treasury yields to nine-month highs. FUNDAMENTALS * Spot gold was up 0.1% at $1,936.15 per ounce by 0138 GMT, while U.S.

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 30 cents, or 0.4%, to $85.44 a barrel by 0042 GMT, while U.S. West Texas Intermediate crude for September rose 36 cents, or 0.4%, to $81.90.

reality headset - is yet to get into the hands of customers. Apple has seen its research and development spending go to $22.61 billion in the current fiscal year which is around $3.12 billion more than the last year combined.

ChatGPT. In retail, Amazon has reorganized its fulfillment network and opened warehouses for same-day shipping closer to big metro areas, saving time and costs on delivery. Brian Olsavsky, Amazon's chief financial officer, said on a call with reporters that faster speeds have meant Prime loyalty customers are "shopping more often." For the second quarter, Amazon's revenue grew 11% to $134.4 billion, beating estimates of $131.5 billion from analysts polled by Refinitiv.