COST Financial News

19.07 / 10:29

COST Action Bottomline show performer beautiful Hindustan Unilever Q1 Result Preview: Net profit may rise by 16% YoY; Volume growth pegged at 6%

FMCG giant, is expected to report net profit of ₹2,674 crore in the first quarter of FY24. The company’s bottomline is likely to see a growth of around 16% year-on-year (YoY) and 8% quarter-on–quarter (QoQ). Hindustan Unilever’s revenue in Q1FY24 is likely to be around ₹15,550 crore, witnessing a growth of 9% YoY with 4% realisation growth.

19.07 / 10:23

COST Provident MET Digital Financial Capital Group expands financial wellness coaching program

Advisors working with the Capital Group will have access to an extended financial wellness coaching benefit to offer their plan sponsor clients.

19.07 / 09:49

COST UPS Digital Allianz cover Features Motor insurance: A new add-on cover for private car owners. Know features

Bajaj Allianz General Insurance has launched a new motor insurance offering called V-Pay. The add-on cover is only for private car owners, not for commercial vehicles. Under this add-on, the insuree can report multiple minor paint chips and/or scratches anytime during the policy period.

19.07 / 09:49

COST Lowe's Target MET Power share price NTPC, SJVN share price rally, Tata Power slips; Check out what is happening in power stocks

NTPC share price gained over 5%, while SJVN shares rallied more than 9% on Wednesday after Goldman Sachs initiated coverage on the stocks with Buy ratings. Goldman Sachs is of the view that India’s power sector is undergoing a generational shift. It believes that in India’s move to shift towards clean energy, the transition led business model upgrades and rising peak deficits will drive re-rating in power stocks.

19.07 / 09:49

COST Target Aviat Airlines Boeing Metro Indian Sustainable jet fuel tough for Indian airlines: Boeing

Mint. “The airlines are certainly very eager to purchase more SAF, but some Indian airlines are the most price-sensitive anywhere in the world. Therefore, the challenge is to bring the cost of sustainable aviation fuel down because it currently is at 300-500% of traditional jet fuel." SAF is any fuel with properties similar to those of conventional jet fuel, but with lower carbon emissions.

19.07 / 09:49

COST UPS Provident Mobile show performer For bailouts to work, BSNL needs the freedom to perform

₹1.64 lakh crore revival package for Bharat Sanchar Nigam Limited (BSNL) – its chairman and managing director called on all employees to “perform or perish". Pointing out – rightly – that the revival package was one of its kind among public-sector undertakings, CMD PK Purwar said it had been cleared by the prime minister himself, with a clear message to the staff of the ailing public sector behemoth. Purwar minced no words in listing BSNL’s issues.

19.07 / 09:49

COST show performer Tata Coffee Q1 results: Total income grows 6% in Q1FY24, driven by strong performance in Vietnam and India

Tata Coffee reported higher consolidated total income of Rs. 708 crore for the quarter, a 6% increase compared to the corresponding quarter of the previous year. This growth was driven by higher realizations in both the Plantation Coffee and Instant Coffee businesses in India and Vietnam.

19.07 / 09:39

COST Lowe's Target Microsoft Wall St. earnings, AI stocks push S&P500 higher

US equities rose Tuesday as results from Bank of America Corp. and Morgan Stanley bolstered bank shares, and a rally in stocks linked to artificial intelligence resumed.

19.07 / 09:25

COST UPS ETF BlackRock Browser performer track How to invest in gold – 3 fund ideas

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19.07 / 09:05

COST Target stage track ‘Bad trade-off’: Wesfarmers boss (and Olympian) joins Games criticism

Former Olympic rower and Wesfarmers chief executive Rob Scott has criticised the Andrews government for not considering a scaled-back version of the 2026 Commonwealth Games in Melbourne instead of scrapping them altogether.

19.07 / 09:05

COST UPS RBC country week Ampol shares hit six-week high on ‘impressive’ sales

Ampol shares rallied to a six-week high on Wednesday after a trading update that revealed its total fuel sales rose by nearly a quarter in the first half.

19.07 / 09:05

COST Citi Target FIVE Platform Goldman coaches core-plus funds on $80m-a-year Ventura

Up-for-sale Ventura, one of the country’s largest bus operators, makes $300 million of revenue, has an “infrastructure-like risk profile” which is expected to get core-plus funds’ wheels spinning, and could serve as a platform to “to unlock national expansion”.

19.07 / 09:05

COST Provident Waves CEO ANZ Deal Barclays punts $200m on Australia with TP24 debt deal

Swiss invoice finance provider TP24 has secured a new $200 million warehouse finance facility from British investment bank Barclays to deploy in Australia, in what TP24’s chief executive says should be a “wake-up call” for the big four.

19.07 / 08:07

COST UPS country Realme C53 with 108MP camera launched in India, price starts at ₹9,999

₹9,999. The handset is backed by a 5,000mAh battery and boats of an 108MP primary camera on the back. Realme C53 is offered in two models - 4GB+128GB and 6GB+64GB.

19.07 / 07:53

COST UPS RBC Big miners think inflation has eased, finally

Two of Australia’s biggest miners have signalled that inflationary pressures are easing, setting an optimistic tone for the next six weeks of production reports and profit results.

19.07 / 07:49

COST UPS Citi Target country Ahmedabad may bid to host 2026 Commonwealth Games after Australia backs out: Report

Times of India has stated. The Gujarat government sources told TOI that the city have been preparing to bid for 2030 Commonwealth Games and have been setting itself up for the infrastructure. The state had earlier set its target to complete the work by 2028, however, sources added that work will be completed before the 2026 games.

19.07 / 07:49

COST UPS country Despite the numbers, India’s imports from China may have increased in 2023

India’s trade with China slowed down a bit in dollar terms in the first half of 2023. This is probably due more to a decline in commodity prices and the depreciation of the yuan against the dollar than any actual fall in the volume of goods exchanged. Here’s how the numbers stack up.

19.07 / 07:47

COST UPS CEO Truck maker Volvo raises outlook for market after Q2 profit jump

STOCKHOLM (Reuters) — Swedish truck maker AB Volvo on Wednesday reported a bigger-than-expected jump in second-quarter adjusted operating profit and raised its outlook for the European and North American markets.

19.07 / 07:11

COST Citi Target Reuters Cooper UK inflation rate slides to 7.9% in June, below expectations

LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually.

19.07 / 07:07

COST UPS Progressive Strategy NIFTY Is dollar-rupee eyeing a breakdown below 81.50?

Russia-Ukraine war and central bankers’ tightening spree to get the upper hand in their battle against inflation. As a result of the double whammy impact of geopolitical tension and higher borrowing cost, the USD being a global cycle currency traded at the highest level in 21 years. At the same time, the Indian rupee was seen steadily depreciating from 74.50 to 83.25, a fall of more than 11%.

19.07 / 07:07

COST Target Reuters Boeing UK inflation slows sharply to 7.9% in June

inflation fell by more than expected in June and was its slowest in more than a year at 7.9%, according to official data that will ease some of the pressure on the Bank of England to keep on raising interest rates sharply.Sterling fell as the Office for National Statistics said the consumer price inflation growth rate was its lowest since March of last year but remained above the pace of price growth in many other big, rich economies. Economists polled by Reuters had forecast that the CPI rate in the 12 months to June would drop to 8.2% from May's 8.7%, moving further away from October's 41-year high of 11.1% but still far above the BoE's 2% target.

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