COST Financial News

Atrangii TV, a free-to-air Hindi general entertainment channel owned by Vibhu Agarwal, will air international language content dubbed in Hindi, with English subtitles for the audiences, starting 17 July. This will include Korean, Turkish, Russian and other international family drama series that will cater to female and male audiences in the 15 plus age group. While costs of content creation are skyrocketing, entertainment industry experts point out licensing and syndication can prove cheaper for companies.

GST Council levied a 28% uniform GST on online gaming, casinos and horse racing. The stock opened at a 10% lower circuit of ₹222.15 apiece on the BSE, but then continued its downfall to hit an intraday low of ₹178.20 apiece. Delta Corp shares are tad above its 52-week low of ₹172.30 apiece hit on July 12, 2022.

The RBI states that banks are permitted to charge borrowers a margin plus risk premium in addition to the external benchmark rate. Interest rate on home loans depend on various factors such as Cibil score, loan amount, tenure, income etc. The duration of home loan typically ranges from 3 to 30 years because home loans include a significant amount of money.Here are 5 banks offering the lowest interest rates on home loans.What is the difference between a fixed rate and floating rate of interest?

«On an aggregate basis, we see that there is going to be roughly 10 to 15% kind of revenue decline. Now this revenue de-growth will be a function of two things. One is the price drop because raw material prices are falling,» says Rohan Gupta, Director, Nuvama.What is your view right now on the industry with the kind of commentary that we have been hearing from the likes of Clariant, FMC etc.?This is going to be a very tough quarter for all the global agrochemical companies.

Global law firm Ashurst said on Thursday that a 10 per cent increase in revenue over 2022-2023 had failed to translate into more pay for partners as rising costs and inflation hit the bottom line.

Enzyme Office Spaces, a Bengaluru-based premier plug-and-play office solutions provider, has leased 1 lakh square feet of office space in Whitefield, Bengaluru. The managed workspace will have over 2,000 seats with state-of-the-art infrastructure to fulfil the burgeoning demand for managed workspaces in the city.Ashish Agarwal, Co-founder & CEO of Enzyme Office Space, said, “As an organisation which is committed to fulfilling the evolving requirements of occupiers, we have been at the forefront of developing state-of-the-art managed workspaces at key locations across the city.

Dipan Mehta, Director, Elixir Equities, says “it will be sentimentally negative for Nazara and to an extent, the kind of opportunities which they could have pursued has certainly narrowed down for them. But they won’t be impacted too much by the 28% tax on gaming. Delta however, may be hit really hard.

KPMG said on Tuesday it will spend $2 billion on artificial intelligence and cloud services through an expanded partnership with Microsoft, closely following Accenture in betting on the latest technologies to weather a slowdown in advisory deals. The accounting firm said it will incorporate AI into its core audit, tax and advisory services for clients as part of the five-year partnership.

RIL, Citi downgraded Pidilite Industries to sell, Nomura downgraded UltraTech Cement to neutral, and Investec initiated a buy rating on Indian Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| Target Rs 3210 Morgan Stanley maintained an overweight rating on RIL with a target price of Rs 3210. Starting to monetize multiple investments, simultaneously still deploying capital in new areas. The narrative will shift from earnings positively to an upgrade cycle.

e-rupee payments goal, the Reserve Bank is seeking to drive daily CBDC transactions to 10 lakh from up to 10,000 by the year-end, ToI reported on July 12. This the central bank intends to do by using UPI QR codes. The RBI had launched the e-rupee for retail transactions on a pilot basis on December 1, 2022.

fertiliser producer Nutrien Ltd cut production on Tuesday, citing the impact of a 12-day-old strike in Canada's Pacific ports whose cost has now ballooned to an estimated C$6 billion ($4.5 billion). Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU) walked off on July 1 after failing to agree a new wage deal with the British Columbia Maritime Employers Association (BCMEA).

critical minerals are looking less likely to stymie the transition to a low-carbon economy, the International Energy Agency said in a new report tracking a surge of investment into the mining sector. Investment in the industry has jumped 50% over the past two years, driven chiefly by increases in lithium projects, and a host of newly announced projects indicates that supply is catching up with an anticipated boom in demand through to the end of the decade, the agency said in the report published Tuesday.

Amazon's cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group. A potential boost is that the company, like Google, has proprietary chips for AI.

Tata Consultancy Services Ltd (TCS), and HCL Technologies Ltd. Anand Rathi Wealth Ltd, Steel Strips Wheels Ltd, 5Paisa Capital Ltd, Hathway Bhawani Cabletel & Datacom Ltd, and National Standard (India) Ltd are some of the non-IT companies that will also be releasing their results. The earnings of Indian IT services companies are probably going to be impacted by the worsening global economics and wage increases.

Gold prices edged higher on Wednesday after the greenback and bond yields retreated as investors cautiously awaited U.S. inflation data that could offer more cues on the Federal Reserve's rate-hike policy path. * Spot gold rose 0.2% to $1,935.39 per ounce by 0053 GMT.

«We believe that that stock has got significant upside potential. In the housing finance space, we like PNB Housing. We believe that stock has got potential to re-rate by 40%,» says Vinit Bolinjkar, Ventura Securities.We have been asking our experts as to in this kind of market wherein we are almost close to that all-time high and on a daily basis clocking a new peak barring the last two trading sessions, where do you think in this market are pockets of overvaluation and which are the pockets which you still think are undervalued? Let me start with the undervaluation because that is what people would like to hear.

Spiraling prices of tomato, onion and pulses are emerging as new risks for India’s retail inflation, reaffirming expectations of a hawkish hold from the central bank for the rest of the year. After moderating for four months, consumer price inflation probably accelerated to 4.6% in June, according to a Bloomberg survey of economists. That compares with a 25-month low reading of 4.25% in May. Official data is due 5:30 p.m. local time Wednesday. The gains are broadly in line with the Reserve Bank of India’s projections, but an impact on supply chains and crops due to an erratic weather may fan the prices further. That means the central bank will take longer to reach the mid-point of its 2%-6% target, delaying a pivot to rate cut to support growth. It left the rates unchanged in the last two meetings to see the impact of past hikes on inflation. High borrowing costs may further dent demand in Asia’s third-largest economy where growth has lost pace tracking a global slowdown. It may also pause the rally in India’s stocks which have touched record highs, according to some market watchers. Economists are crunching numbers to gauge the impact of the sharp acceleration in food prices on headline inflation in the coming months. A jump of more than 400% in the prices of tomato since the start of the year will likely push up inflation beyond the RBI’s target ceiling in the July reading due next month. “The weather-related price disruption has also been seen in other vegetables and most notably in onion prices,” said Anubhuti Sahay, an economist with Standard Chartered Bank. She sees the risk of inflation touching 6% in July if the increase in food prices is sustained.

«You can name any number of companies and everybody is today exporting in a very large way. So, yes, I agree and I feel that yes there is a lot of juice left in the sector.

Rohit Kapoor, chief executive of Swiggy's food delivery business, said he had shifted his focus back to growth over the past few months, instead of profitability, which is what he’d chased since joining the firm nearly a year ago. He said he doesn’t have the ‘luxury’ to choose between growth and profitability and is trying to balance both. Kapoor, who was the global chief marketing officer at Oyo before joining Swiggy last August, told ET that both growth and profitability are significant for Swiggy, and the food business can expand by around 20% annually.

Foxconn has told the government it wants to set up at least four to five semiconductor fabrication lines in India, people aware of the development told ET. Foxconn said it was “working toward submitting an application” under the India Semiconductor Mission in a separate statement on Tuesday.

The Russian tax body says that citizens “can pay” taxes on their crypto earnings, despite the fact that tokens have no legal status in the country.