COST Financial News

Factors contributing to this trend include a scarcity of newly constructed properties ready for immediate occupancy, a dearth of new developments, and escalating price hikes in major markets. “Recently, there has been a notable surge in the demand for resale residential properties across cities. This scarcity is due to delays in construction projects and a lack of new developments.

BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas (OTC:ADDYY)' abandoned collaboration with rapper Ye should reduce the sportswear giant's expected operating loss this year to 450 million euros ($498.56 million), the company said on Monday.

Ashok Leyland Ltd seems to have got this right. The company’s performance in the first quarter of FY24 (Q1FY24) has lifted investors’ spirits with the stock hitting a new 52-week high of ₹186.50 apiece on Monday. The automaker clocked Ebitda margin of 10% in Q1 whereas analysts were expecting the measure to be in the high single-digits.

₹9,650 crore. This was driven by 35% growth in core operating profit. The bank’s deposit and credit (loans) grew by 18% each.

Asian Paints Ltd report double-digit year-on-year (YoY) growth in profit for the June quarter. The consolidated net profit is seen rising nearly 35% YoY to Rs 1,371.30 crore, according to the average of estimates given by 9 brokerages. The revenue is expected to grow nearly 10% YoY to Rs 9,408 crore, the estimates showed.

A half-century ago, top U.S. health experts urged the federal agency in charge of mine safety to adopt strict rules protecting miners from poisonous rock dust

“Barbie” didn’t just break the opening weekend record for 2023; It also shattered the first weekend record for a film directed by a woman

When Chair Jerome Powell and other Federal Reserve officials gather this week for their latest decision on interest rates, they will do so on the cusp of achieving an elusive “soft landing” — the feat of curbing inflation without causing a deep recession

More and more couples are throwing out the playbook for a traditional wedding — and posing new challenges for the people they hire to create the perfect images of their big day

Stellantis says it will build a second U.S. electric vehicle battery factory in a joint venture with Samsung

Republican leaders in Oklahoma are grumbling publicly that Gov. Kevin Stitt’s hostile posture toward Native American tribes is costing the state money and are considering pushing him out of tribal negotiations altogether

₹82.96 crore on Monday. On the other hand, for the second straight day, domestic institutional investors (DIIs) bought shares for ₹934.87 crore. On Monday's trade, for the second straight session, the domestic equity benchmark indices Nifty and Sensex ended in the negative with industry heavyweights ITC, Reliance Industries (RIL), and Kotak Mahindra Bank being the main drags.

By Deborah Mary Sophia

New Delhi: The domestic dye, dye intermediates, and pigment (D&P) industry witnessed a challenging FY23 as it grappled with a decline in demand from its primary end-user, the textile industry, according to a report by CareEdge Ratings. The industry also faced significant hurdles due to volatile input costs, including raw materials, fuel, and freight, resulting in major players experiencing a moderation in total operating income (TOI) by over 5% and a contraction in operating profitability of around 400 basis points. A multitude of factors contributed to this downturn, including high inflation across major economies, disruptions stemming from the Russia-Ukraine war, and stiff competition from low-cost Chinese products.

By Granth Vanaik

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.

Linklaters has become the latest legal powerhouse to report stagnating profit amid a tough market for the City's lawyers.

By Aditi Shah and Aditya Kalra

Ryanair lowered its full-year traffic prediction and said it may need to cut ticket prices to fill seats as passengers become more cost-sensitive.

Upstart financial services challenger Alex Bank is set to go cap in hand to investors for a<a href=«https://www.google.com/url?sa=t&rct=j&q&esrc=» https:> second multi-million dollar capital

Toyota Motor Corp has dismissed some workers at one of its plants in China, three workers told Reuters, as the Japanese automaker struggles with a price war and sales slump in the world's largest auto market. The joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered them compensation, said the workers, who declined to be named for privacy. The workers affected were hired by labor service companies and dispatched to work at the factory of GAC Toyota in the southern city of Guangzhou.