COST Financial News

Motilal Oswal Financial Services pointed out that the demand recovery is sustaining across segments such as passenger vehicles (PVs), commercial vehicles (CVs) and two-wheelers (2Ws). Exports, too, seem to have largely bottomed out, though recovery may be gradual. Poddar said that the commodity cost continues to soften which would result in margin expansion.

Alliance of Motion Picture and Television Producers (AMPTP), the negotiating body for the studios, expired on June 30th, but the sides decided to extend negotiations until July 12th. No deal was reached. On the first morning of the strike, picket lines in Los Angeles and New York swelled with performers.

IndusInd Bank’s board of directors will meet on July 20 to consider fundraising. In a regulatory filing on Tuesday, IndusInd Bank informed about its board meeting to be held on July 20 to consider and approve other business and fundraising. The bank will declare its June quarter earnings today.

As per the Redseer’s path to profitability report, the Indian start-up fundings and deals has dropped by 70% in FY23 when compared to FY22. While it experienced a sharp funding peak during FY22 totalling around $50 billion, a gradual onset of funding winter over the subsequent quarters led to a 70% drop in FY23 to around $15 billion.

The concept of co-working is becoming more well-known in India. With the economy growing big and small, entrepreneurs are looking to move away from the traditional office environment and cut expenses by moving to co-working and shared office spaces.

tomatoes that are burning consumers' kitchen budgets. Soaring prices of staple items like coriander, ginger, garlic, beans, and even chillies are giving consumers the chills. Coriander, a bunch of which is almost taken for granted by people, is now being sold at Rs 220 per kg in city markets.

GJEPC Chairman Vipul Shah has said. The gems and jewellery exports grew 2.48 per cent year-on-year to Rs 3,00,462.52 crore (over USD 36 billion) in FY23, according to the Gems and Jewellery Export Promotion Council (GJEPC).

₹782 crore. Still, Ebitda (earnings before interest, tax, depreciation, and amortization) drop was limited to 2.7%, due to a favourable product mix and cost control measures, marginally improving the Q1 Ebitda margin by 97 basis points to 14%.

Maruti Suzuki has increased the price of its Grand Vitara. The SUV has become expensive by ₹4,000. The hybrid SUV now costs ₹18.29 lakh (ex-showroom), with prices going up to ₹19.79 lakh (ex-showroom).

Adani Enterprises shares jumped nearly 4% in intra-day trade on Tuesday following Gautam Adani's address to the shareholders during the company's Annual General Meeting (AGM). Barring ACC, 8 Adani Group stocks — Adani Ports & Special Economic Zone, Adani Power, Adani Green Energy, Adani Transmission, Adani Total, Adani Wilmar, Ambuja Cements were trading in the black and gained up to 1.54% around the time of the speech.

Liquor is one of the most taxed businesses in the country. A bottle of a particular brand which cost Rs 400 in one state may cost as much as Rs 1200 in another.

puzzle game. It is designed by Freddie Meyer. He designed this game after Wordle got insanely popular amongst its users worldwide. Baiscally, Quordle is a Wordle-Dordle inspired game. Quordle is a web based game and it does not require any fishy log ins or sign ups on its website. You have to decipher four-five letter words in nine attempts. For newcomers, A previously played Quordle challenge dashboard is available to try their hands on before playing it live on a new challenge.

Yudiz is aiming to hit the D-Street in coming weeks and plans to ramp up offerings with the proceedings. The company is planning to spend Rs 12.31 crore to boost core offerings by looking at acquisitions across India, USA, Canada and Europe. In an exclusive interaction with ET Online’s Gourab Das, Bharat Patel, Chairman and Director at Yudiz, sheds light on India ambitions, gaming studio, acquisition plans and more.

Many farmers or dairy farmers find it impossible to obtain a bank loan for want of any credit history. But now, Using a new platform created by the Reserve Bank Innovation Hub, a borrower can access information on the milk that dairy farmers sold to Amul or state-accessible land records to calculate their ability to pay back the loan, reported TOI. The “frictionless credit” initiative, which is so far ready for farm and dairy loans, is proposed to be expanded to education loans (using the Digi Locker), MSMEs (based on Udhyam registration and GST and tax records) and even vehicle and personal loans as tests have shown that a loan can be sanctioned in less than 10 minutes.

Also read: Japan Accuses Australia of Betrayal in Fight Over Natural-Gas Exports The multi-sport event, featuring 20 sports and 26 disciplines, was planned to be held across five regional hubs in Victoria. However, Andrews' team explored cost-cutting options, including reducing the number of hubs or moving the Games to Melbourne, but found them unfeasible.

«I think we believe that the underlying story remains absolutely very, very convincing for FMEG companies. And that is where I think this company is positioned,» says Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd.UBS has come out with a note on Havells. They have upgraded the stock to now a buy. The target price also has been up to 1900 bucks. They are saying that the structural growth story is back into focus alongside a cyclical kicker. They are saying that it's a $40 billion opportunity by FY28, rising at 10% CAGR. Earnings CAGR currently at 26%. They are saying the concerns over the past two years are now behind them. Capital allocation is going to now return accretive. The valuation-wise, they are saying that it is the best play when it comes to consumer electricals. And they say that they are seeing a sustained revenue share gain, a higher share of premium products, and a turnaround for Lloyd as well, which is in the offing, which is going to aid upside for Havells. Wanted to understand what is your thought here.I think we believe that the underlying story remains absolutely very, very convincing for FMEG companies.

Mutual Fund announced the launch of three open-ended exchange-traded funds (ETFs) DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF, and DSP Nifty PSU Bank ETF. These ETFs offer investors opportunities to invest in the Indian markets, private sector banks, and PSU banks respectively.

Victoria abandoned plans to host the Commonwealth Games in 2026 because the 12-day event would cost up to $7 billion, rather than the $2.6 billion originally budgeted, Premier Daniel Andrews says.

₹1,500 crore through a mix of debt and equity to fund the twin stake purchases in rival mattress maker Kurlon Enterprises Ltd and House of Kieraya Pvt. Ltd, the owner of furniture rental startup Furlenco, said senior company executives. “We will fund the acquisitions through the mixture of equity, debt and internal accruals," Sheela Foam chairman and managing director Rahul Gautam said in an interview on Monday.

IndusInd Bank’s net profit is expected to rise around 33% year-on-year (YoY) to ₹2,180 crore. The bank’s net interest income, the difference between interest earned and interest expended, is likely to grow 18% YoY to ₹4,850 crore. The pre-provision operating profit (PPOP) is expected to see a growth of around 10-12% YoY, while fee income growth in Q1FY24 is expected to be around 19% YoY.

Victoria pulled out of hosting the 2026 Commonwealth Games on Tuesday citing major cost blow-outs, leaving organisers fuming as they scrambled to keep the multi-sport event afloat. State Premier Daniel Andrews said the initial estimated Aus$2 billion (US$1.36 billion) needed to hold the Games would more likely be around Aus$7 billion, which he called «well and truly too much». «I've made a lot of difficult calls, a lot of very difficult decisions in this job.