COST Financial News

(Reuters) — Colgate-Palmolive (NYSE:CL) raised annual organic sales and profit forecasts on Friday, banking on price hikes and resilient demand for its self-care and pet nutrition products.

Investing.com — U.S. stock futures climb after the Dow snaps its nearly two-week win streak. Elsewhere, U.S. chipmaker Intel returns to a profit in the second quarter as an inventory glut eases, while investors also await earnings from big-name brands like ExxonMobil and Procter & Gamble.

Back in June, I wrote that in a perfect world, oil would be at $80 a barrel then itself, $90 in July and $100 by August. Well, it’s taken a little longer to get both U.S. crude and global benchmark Brent moving appropriately higher. But it’s still not a perfect world by any means, because this new rally in oil might worsen an old problem: inflation.

Investing.com — Procter & Gamble (NYSE:PG) posted core income that beat analyst expectations in its fiscal fourth quarter thanks to higher prices that helped offset a decline in volume.

Investing.com — ExxonMobil (NYSE:XOM) has reported lower-than-anticipated profit in the second quarter, as the largest U.S. oil major was hit by a decline in natural gas prices.

Faith is a powerful thing but when people are persuaded to believe in too-good-to-be-true investments, it can also be costly.

Investors want to understand how the companies they invest in are impacted by climate risks and what they are doing to address it, but that may not be an easy fix.

₹140 per equity share and the share will be listed on the BSE SME exchange Monday, August 7. Khazanchi Jewellers IPO, which is worth ₹96.74 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, including (a) capital expenditures for the new showroom, (b) inventory costs for the new showroom, to meet the increased working capital needs of the current operations, and (c) general corporate purposes.

fundamentally strong company with a decent moat is trading near its 52-week low, smart investors know those are great deals. But picking the right stock is tough - how do you determine which ones are likely to rebound? After all, catching a falling knife has many times resulted in steep losses where investors waited for years, only to see their investment value go down even more. Buying the dip is not a simple strategy and requires cautious consideration.

cargo handling capacity at ports is expected to get a fillip from 2024 with commissioning of some facilities at Vizhinjam in Kerala and beginning of work at Vadhavan in Maharashtra. The first stage of the Vizhinjam Port is nearing completion and it will serve as the country’s first mega transhipment container terminal, said officials. The port’s capacity in the first phase will be one million twenty-foot equivalent units (TEUs) or 24 million tonnes per annum (mtpa).

Paris is planning on allowing swimming in the River Seine, following a massive, years-long cleanup effort as it gears up for the 2024 Olympic Games. Paris had banned swimming in Seine in 1923 due to excessive water pollution. Locals will be allowed to swim in three separate parts of the river — Bras Marie, Bras de Grenelle and Bercy. It will opened for them from 2025. On July 26, 2024, the opening ceremony of the Olympics will take place on the Seine, instead of the traditional stadium venue of past games. Three Olympic and Paralympic events — triathlon, marathon swimming and Para-triathlon is also scheduled to take place in the Seine. “At the Paris 2024 Games, the athletes will inaugurate swimming in the river with the Olympic events. A revival that will pave the way for aquatic leisure,” reads a statement from Paris city hall published July 10. The city hall also revealed that the bathing zones will be easily accessible, with pontoons and facilities on the quaysides for swimmers to change, shower, and keep their belongings secure.

Income Tax Return Filing for AY 2023-24 Latest Updates on July 28: With just four days before the July 31 deadline, there is no point in waiting for an extension of the due date. A record number of taxpayers have already filed their returns for AY 2023-24 (FY 2022-23) and the Government has also clarified in recent weeks that it is not contemplating any extension of the due date, i.e. July 31 for taxpayers whose accounts don’t need to be audited.

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₹54 to ₹61 per equity share and the share will be listed on the NSE SME exchange Monday, 7 August. Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.

Ittira Davis, MD & CEO, Ujjivan SFB, says “the cost of funds is going to be slightly higher than what it is today and the NIM for the full year is going to be about 9%. The bank’s NIM was 9.2% this quarter and we are expecting it to average for the full year at about 9% because we had anticipated a small decline in the interest rates in the second half of the year. That is now looking unlikely and the current interest rate scenario is expected to play out much longer during this financial year, possibly for the whole financial year.”Let us talk about the numbers in terms of your cost of funds. The yields have risen and have been hitting the margins of the company. Has the cost of funds peaked out now and should your NIMs be around 9- 9.5% for this financial year?Let me just focus on NIMs.

Nifty50 clocking about 3.6% gains and setting new milestones. Thanks to the steady inflows from foreign institutional investors, high networth individuals, and retail investors, the Nifty50 has clocked gains for 4 consecutive derivative series. The rollover of positions to the August derivative series of Nifty50 was higher than the three-month average, and the open interest was also higher than that at the beginning of the July series.

₹5,612.25 crore, 4,058 PG seats in phase-I in 72 colleges at an approved cost of ₹1,498.43 crore and ,3957 PG seats in phase-II in 62 colleges at an approved cost of ₹4,461.44 crore. “Under “Upgradation of Government medical colleges by construction of Super Specialty Blocks" of PMSSY scheme, a total of 75 projects have been approved, of which 62 projects are complete.

₹352.66 crore. The company had reported a net profit of ₹222.92 crore in the year-ago period. Sequentially, net profit was slumped 48.5% from ₹684.12 crore in Q4FY23.

₹2,500. It is worth mentioning that the pre-booking amount is refundable. Ather 450S is the company’s entry-level model that comes with an introductory price of ₹1,29,999 (ex-showroom).

“I am become death, the destroyer of worlds," said Dr J Robert Oppenheimer, quoting (or misquoting, according to some) the Bhagavad Gita after witnessing the mushroom cloud that marked the success of the Manhattan Project in building the world’s first nuclear bomb. Twenty days later, an American bomber dropped ‘Little Boy’, as the first bomb was named, on Hiroshima. Three days later, ‘Fat Man’ burnt Nagasaki to a cinder.

Individuals whose income exceeds the basic exemption limit in a financial year are required to file income tax return (ITR) in India. However, what is the case with senior citizens? Are senior and super senior citizens exempt from filing income tax return? Or, are they also required to file ITR?