COST Financial News

05.07 / 12:45

COST UPS Target Boeing UK sells government bond with highest yield since 2007

(Corrects story to show yield highest since 2007, not 1999, in headline, first paragraph, paragraphs 3-4)

05.07 / 12:31

COST UPS Provident Reuters Google PwC Leak PwC Australia ties Google to tax leak scandal: report

PwC Australia provided Google confidential information about the start date of a new tax law leaked from Australian government tax briefings, according to two sources familiar with the matter. This is the first time a company has been directly linked to the national scandal involving the «big four» accounting firm that was first revealed in January. PwC is under fire because several years ago a former partner, Peter Collins, who advised the Australian government on anti-tax avoidance laws shared confidential drafts with colleagues about the government's plans that were then used to drum up business with multinational companies.

05.07 / 12:17

COST UPS Digital Drop Marico expects Q1 revenue drop on sluggish rural demand

Marico said on Wednesday its consolidated revenue for the June quarter fell in the low-single digits percentage range, dragged by sluggish sales in rural markets and a move to cut prices of its Saffola edible oil. «Signs of improvement on a sequential basis were not clearly visible… the anticipated pickup in rural demand remained elusive,» Marico said in a statement.

05.07 / 12:17

COST UPS Provident week Up 157% in 1 year! Multibagger smallcap stock to trade ex-bonus this week

Mufin Green Finance will trade ex-bonus on Friday after announcing a bonus issue to equity investors in the proportion of 2:1. For every share investors hold, they will get additional two bonus shares as proposed by the company. The bonus issue from the company came just a month after the stock split in the proportion of 1:2.

05.07 / 12:11

COST Provident FIVE Strategy Fallout IAG missed insurance discount warnings for years

Insurance giant IAG’s staff raised doubts internally about a discounting algorithm six years before the board heard of the problems that the business was having in pricing premiums, which have since cost it more than $500 million.

05.07 / 12:11

COST Provident Action PwC KPMG partner spat goes public

A dispute between two ex-KPMG partners who advised NSW government officials over a controversial transport entity has gone public, after one accused the other of using a federal parliamentary inquiry to take “revenge” on her by making a submission full of “unfounded assertions”.

05.07 / 12:03

COST Provident Digital Strategy Parke Godrej Consumer Products sees double-digit volume growth in India biz in Q1

New Delhi: Godrej Consumer Products Limited (GCPL) reported double-digit volume growth in its India business in the June quarter with double-digit volume growth recorded in home care segment and higher than mid-single digit volume growth in personal care, the company said in its quarterly update on Wednesday. The update provides a summary of the company’s operating performance and demand trends during the quarter ended June 30, 2023. GCPL is yet to announce its 1Q FY24 financial results.

05.07 / 12:03

COST Manufacturing Strategy Toyota Innova Maruti Suzuki shares crosse ₹10,000, market cap crosses 3 lakh crore

Maruti Suzuki crossed the ₹10,000 mark, marking a new record of ₹10,003. The stock snapped a two-day losing streak in the process. The auto major stock's ended 3.61 per cent higher at ₹9994.50.

05.07 / 11:15

COST Citi NCR’s residential sales at a decadal high in H1 2023

In H1 2023, the National Capital Region (NCR)’s primary residential market witnessed steadfast homebuying demand. However, the conspicuous annual growth in demand and supply parameters in the half yearly periods of 2021 and 2022 due to the pandemic softened during this review period as the market seems to have stabilized, according to Knight Frank India’s flagship half-yearly report — ‘India Real Estate H1 2023’ — which tracks the ongoing developments that have impacted the residential and office segments across the top 8 cities.

05.07 / 10:37

COST UPS Waters Southern Browser Thames Water fined £3.3m for 'reckless' sewage dump

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05.07 / 10:37

COST UPS Action Fighting Browser Teachers 'United front' of teachers could launch biggest strikes in a decade in England

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05.07 / 10:33

COST UPS fall Metal sector Q1FY24 preview: Margins likely to fall on price weakness, says Kotak Equities; Jindal Steel top buy

Vedanta Ltd, Hindustan Zinc Ltd, Steel Authority of India Ltd, and Vedanta Ltd. The brokerage firm expects Indian metal shares to continue to suffer from the conflict between the downturn in the West and expectations for a Chinese resurgence.

05.07 / 09:19

COST UPS Software ANZ MYOB’s PayGlobal in crosshairs of offshore suitors

Private equity-backed MYOB has entertained informal offers for its payroll and workforce management software business PayGlobal, Street Talk has learnt.

05.07 / 09:09

COST UPS Manufacturing Toyota Innova Maruti Suzuki Invicto MPV launched in India at ₹24.79 lakh. Details on feature, design and more

Maruti Suzuki, India's leading car manufacturer, introduced the Invicto MPV as their latest flagship model. With an introductory ex-showroom price ranging from ₹24.79 lakh to ₹28.42 lakh, the Invicto becomes the most costly vehicle in Maruti's lineup. Essentially, the Invicto is a rebranded version of the Toyota Innova Hycross.

05.07 / 09:09

COST Lowe's Booking AXY Pool Financial Financial sector Q1FY24 preview: Expect healthy earnings growth, but margins to moderate going ahead, says Motilal Oswal

Motilal Oswal Financial Services. The brokerage firm expects financial firms' systemic loan growth to remain healthy in Q1FY24, with healthy credit growth of 15.4 per cent year-on-year (YoY) in June 2023, driven by continued traction in the retail and SME (small and medium-sized enterprises) segments. "The corporate segment has remained sluggish, dragging down overall loan growth.

05.07 / 09:09

COST Booking AXY Mobile HDFC Bank’s Q1 is healthy; merger synergies to ease margin pressure

₹16.15 trillion, mostly driven by its retail loan book, which rose by 20% y-o-y. This momentum expected to persist in the coming quarters, too. Investor enthusiasm, however, appears to be on the wane with the bank’s shares sliding by nearly 3% during market hours on Wednesday.

05.07 / 09:09

COST Provident Lowe's Manufacturing COMPOSITE services Low India services sector growth falls to three-month low in June

Global Market Intelligence. "This bullish pick-up in growth momentum supported a further sharp upturn in business activity and encouraged another uplift in employment figures, boding well to near-term growth prospects," she added. India's services sector, one of the fastest growing in the world, contributes to over 50% of the country's GDP.

05.07 / 08:37

COST FIVE Ford fall Low Wine Treasury Wine mothballs Karadoc winery as sales of low-cost wines fall

Treasury Wine Estates will shutter its Victorian commercial winegrowing operation, Karadoc, after five decades in operation, as a decline in consumption and rising costs weigh on the business.

05.07 / 08:37

COST UPS Airlines This airline will rent you clothes for just $41, so you can go bag free

Tourists and business travellers to Japan will soon be able to show up with little more than the clothes they’re wearing, thanks to an initiative by Japan Airlines and Sumitomo to offer rental clothing during visits to the island nation.

05.07 / 08:29

COST Citi Waters PM Modi to visit Varanasi on 7 July, inaugurate various development projects

₹12,100 crore, the prime minister’s office said in a statement. According to the PMO, the prime minister will dedicate Pt. Deendayal Upadhyaya Junction - Son Nagar railway line of Dedicated Freight Corridor.

05.07 / 08:05

COST UPS Provident Amazon Amazon India's Prime Day Sale: Youth offer axes Prime subscription price by 50%. Check new prices!

Amazon India is gearing up to hold its annual Prime Day sale on July 15 and 16, presenting a multitude of discounts and offers on various products. In addition to these enticing deals, the company has introduced a special youth offer for Prime subscriptions. This exclusive offer entails a 50 percent reduction in the price of Prime subscription for a specific age group of users.

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