COST Financial News

Avoid any kind of travel as no positive result is likely to be obtained. The loss is becoming a condition. Don't let stress get the better of you.

MUMBAI : National Stock Exchange (NSE) of India Ltd is considering gradually extending trade timings, currently set at 6 hours and 15 minutes of the regular market, in consultation with its broker members, a top official of India’s largest stock exchange said. The proposal must be approved by the capital markets regulator and could be extended to derivatives contracts, said Ashishkumar Chauhan, managing director and chief executive, NSE.

Reliance Industries. After all, the term ‘Jio Moment’ became a corporate buzzword after the conglomerate shook up the telecom industry in the previous decade through aggressive business strategies aided by deep pockets that led to a plunge in tariffs and helped it become the one of the largest telecom operators in the world. In India, Jio has a market share of 37.9% compared to Bharti Airtel's 32.45%, according to TRAI data as on April 30.

The collapse of the Black Sea grain deal and a series of missile strikes on Ukrainian grain silos and ports have left farmers with few options to export their grain — and all of them are getting more expensive

The NTSB is renewing its calls for major freight railroads to equip every locomotive with automated track inspection devices that it believes could have prevented a 2021 train derailment that killed three people in Montana

₹1.1 lakh price offer for S1 Air to all beyond reservers following huge demand of customers. Announcing the decision, Ola Electric Founder and CEO Bhavish Aggarwal twitted the demand for S1 Air has crossed expectations of the company as many customers are asking the company to open the ₹1.1 lakh offer to all beyond reservers. “We’ll extend the offer to ALL tonight 8pm onwards till 15th August 12pm.

₹1,868.15 apiece. The non-banking financial company’s June quarter (Q1FY24) results had its share of hits and misses. But perhaps, investors are taking comfort from the upbeat outlook.

India is working on an ambitious plan to create energy, mineral and cement transport corridors for the seamless movement of coal, iron ore, bauxite and cement. The railways ministry plans to seek Cabinet approval for a ₹5.25 lakh crore investment programme during fiscal years 2024-31 to improve rail connectivity to mining areas, cement plants and consumption points, based on the PM Gati Shakti National Master Plan.

₹5,000 a year in government colleges to more than ₹20 lakh in private colleges and even higher in deemed varsities. The fees for postgraduation studies are on similar lines and it also varies, depending on the specialization course. The fee structure is different for doctors pursuing higher studies abroad.

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Kiren Rijiju on Sunday said the Centre has sanctioned the upgradation of 91 roads covering a length of 720.75 kilometres and 30 long-span bridges in Arunachal Pradesh under the Pradhan Mantri Gram Sadak Yojana. In a statement, Rijiju, the minister of earth sciences, said the total estimated cost of these projects is Rs 757.58 crore.

When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades

₹38,000 crore of a similar fund for the welfare of building and construction workers is sitting unused in governmental coffers. A centralized fund for gig worker welfare is a 19th century solution for a 21st century problem. A far better way is to channel money directly into individual gig worker welfare accounts.

COMEX Gold prices started the week on a negative note as mixed data from the US coupled with weak economic data from the European peers bolstered the greenback. US Services activity slowed more than forecast in July, however, manufacturing activity rebounded to a three-month high. At the same time, European and UK Services activity eased to a six-month low, leading to weakness in the Euro and Pound.

Kingfisher beer maker United Breweries posted its fiscal first quarter profit at Rs 136.34 crore, down 16.1 per cent in comparison to Rs 162.50 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 5243.01 crore, up 0.9 per cent as against Rs 5196.08 crore during the first quarter of previous year. The company said that the profit was dragged by higher excise duty and company costs during the quarter-under-review. The EBITDA stood at Rs 233 crore. The company clocked a total income of Rs 5253.43 crore during Q1FY24 in comparison to Rs 5206.51 crore a year earlier. However, total expenses during the quarter in review stood at Rs 5072.96 crore, up 1.7 per cent as against Rs 4988.37 crore during the first quarter of FY23. 

– By Rama Krishna Sreepada

Koppal and Belgavi — have emerged as hubs for contract manufacturing of toys and aircraft components over the past decade.Aequs, a contract manufacturer of aerospace components, toys and consumer durable goods, is now venturing into the aircraft interiors sector — so far the domain of China. «Till now, it has been happening mostly out of China, and today we have an opportunity to start doing it out of India because we are able to compete on a high volume,» Aequs Chairman and Chief Executive Officer Aravind Melligeri told PTI in an interview. «It is a whole another opportunity.

On July 19, India’s premier natural gas company GAIL entered into a joint venture with Nasdaq-listed LanzaTech to capture carbon dioxide (CO2) and convert it into useful organic chemicals. This must be recognised as a paradigm-setting initiative to combat climate change. So far, the global discourse on combating climate change has been about reducing additional emissions of heat-trapping gases such as CO2, called greenhouse gases, rather than on taking out what has already been injected into the atmosphere.

Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity in fuel retailers that lost money on selling petrol and diesel at discounted rates last year, officials said.

As per a recent RBI report, credit card outstanding balance has crossed the 2-lakh-crore mark in April 2023. This is nearly a 30% rise from April 2022. Though such increase in spending shows confidence in using credit cards, it also necessitates a discussion around the judicious use of credit.

ITR filing process. It is important to know about these changes to avoid mistakes in completing the process. Following are four changes in the ITR filing process this year that you should know.1. Time to verify ITR after filing cut by 90 days It is important to verify one's ITR after it is submitted/filed on the income tax portal.