COST Financial News

04.07 / 19:17

COST UPS Lowe's Merit Low ‘NPS is an attractive product because of its low cost’

Mint that the SWP option is slated to be rolled out in October. Edited excerpts from the interview: What is the checklist that you have for your tenure? The larger focus will be on the NPS sector but since the adoption of pension scheme in the non-government sector is quite low, we want to focus on an all-citizen model. Globally, one of the critical issues faced by elderly people is poverty due to the lack of a sustainable source of income in their old age.

04.07 / 18:55

COST UPS Provident Digital Aware Centre IBA plans common call centre for PSBs

MUMBAI : The Indian Banks’ Association (IBA) is working on a proposal to establish a common customer care centre to serve all its 12 public sector bank (PSB) members, aiming to save on costs and offer a consistent customer experience, two people aware of the development said. The idea is to provide a single helpline number that customers across banks can dial for queries and complaints. According to the proposed plan, an interactive voice response (IVR) system would greet customers and address initial queries, with calls transferred to respective bank call centres to address complex issues that require human intervention, the people said on condition of anonymity.

04.07 / 18:23

COST Target FIVE Aware Platform Strategy India offers unmatched scale: Nawal Saini

MUMBAI : Canada’s Brookfield Asset Management, one of the world’s largest renewable and infrastructure investors, has been investing aggressively in the Indian market, boosting its energy assets in the country fourfold to 16,000MW in just a year. In an interview, Nawal Saini, managing director of Brookfield’s Renewable Power and Transition Group, spoke about investments, opportunities in the country and the importance of India in its global expansion plans. Edited excerpts: We have been growing very consistently in the last four or five years.

04.07 / 18:21

COST UPS Cooper Uniform Civil Code will bind Bharat and its nationalism: Jagdeep Dhankar

Jagdeep Dhankar highlighted that Uniform Civil Code will bind Bharat and its nationalism more effectively, and emphasized that «any further delay in implementation of UCC will be corrosive to our values.» Addressing the 25th convocation of IIT Guwahati on Tuesday, the vice President stressed that Directive Principles of State Policy (DPSP) are 'fundamental in governance of the country' and it's the duty of the State to make them into rules. Mentioning that many DPSPs like panchayats, cooperatives & Right to Education have already been translated into law, he underlined that it was time to implement Article 44 of the Constitution.

04.07 / 18:09

COST Lowe's FIVE Manufacturing Compilation Indian What explains the resilience of Indian manufacturing

The Manufacturing Purchasing Managers’ Index (PMI) shows India as the only large economy whose factory output is growing significantly. How are the other global economies doing, and what is driving India’s manufacturing? How credible is PMI as a measure? Mint explains. It is robust.

04.07 / 17:53

COST Provident FIVE Pool Barrett U20s World Championships: England vs Australia live streaming, kick-off timing details

The game will not be televised live in the UK. However, there is a silver lining for fans as World Rugby's official YouTube channel will stream the match live and free of charge. Alternatively, if the YouTube stream experiences any issues, viewers can also access the live stream on World Rugby's official website, also without any cost. Additionally, ITV will provide highlights of the tournament, including England's game, which will be available on ITV4 at 11.10pm on Tuesday evening. Team News England's U20 head

04.07 / 17:47

COST UPS Provident FIVE NIFTY India Inc may breathe easy on debt servicing

NEW DELHI : Indian companies’ ability to service debt from earnings has improved in recent quarters, a Mint analysis of BSE 500 companies showed. According to experts tracking the sector, further improvement is likely in the days ahead. Interest coverage ratio (ICR), a measure of how efficiently a firm can pay interest from its earnings, has been improving in recent quarters despite higher interest rates.

04.07 / 17:31

COST UPS Action Up 182% in 1 year! Multibagger stock announces 1:1 bonus issue to investors

Sunrise Efficient has approved a proposal to issue bonus shares to investors in the proportion of 1:1. Under the proposed announcement, for every one share investors hold, they will get an additional share. «The Board has recommended the issue of bonus equity shares in the ratio of 1:1 i.e., 1 bonus equity shares of Rs 10 each for every 1 fully paid-up equity shares held as on record date subject to the approval of the shareholders in forthcoming AGM,» the company said in a filing.

04.07 / 17:31

COST UPS Provident REC REC to provide Rs 4,785 crore loan for refinery project in Rajasthan

REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL's project in Rajasthan. HRRL is a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Rajasthan government.

04.07 / 16:29

COST UPS Provident FIVE Manufacturing CEO Five more Dabur brands cross ₹100 crore sales in FY23

NEW DELHI : Fast moving consumer goods company Dabur India added five new brands with sales greater than ₹100 crore in FY23, the company said in its fiscal 2023 annual report released to the exchanges on Tuesday. “Today, we have a portfolio of 23 billion rupee brands, brands with sales greater than ₹ 100 crore. The year 2022-23 saw five brands joining this list.

04.07 / 16:05

COST Target Digital Booking Mobile Drag Bajaj Fin Q1 loan growth is solid but cost of funds may be a drag

₹7,920 apiece on the National Stock Exchange. This excitement comes on the back of the company’s June quarter (Q1FY24) provisional data which was robust on key parameters. The company reported solid assets under management (AUM) growth of 32% year-on-year (y-o-y) to ₹2.7 trillion—a multi-quarter high.

04.07 / 16:01

COST Provident Platform Strategy Consumption NOT If the consumption of tobacco is not okay, India should just ban it

The ministry of health and family welfare’s announcement that it will impose additional anti-tobacco controls on Online Curated Content Providers (OCCPs) has sparked widespread conversation. While well-intended, the government appears to be prioritizing treating symptoms instead of addressing the underlying cause. Opting for these regulations rather than considering a ban on the production or sale of tobacco, a known harmful substance, begs the question: Are these guidelines mere tokenism? If so, then it is important to recognize that this gesture may come at a high cost.

04.07 / 15:39

COST Mobile Remark Magenta Mobility launches EV charger to charge 12 vehicles simultaneously

Magenta Mobility on Tuesday announced the launch of an in-house designed EV charger, which can charge 12 vehicles simultaneously, amid growing demand for such facilities and fast-paced electrification in the automobile industry. The EV charger with 12 charging outputs of 3.3 kW each will help in reducing per-point charging costs for fleet operators and residential societies, the company said in a statement.

04.07 / 15:39

COST AU Small Finance Bank gross advances rise 29% YoY to Rs 63,635 crore in Q1

AU Small Finance Bank said its gross advances rose 29% year on year to Rs 63635 crore as credit demand remained strong with disbursement sustaining across product segments. Deposits grew 27% to Rs 69315 crore.

04.07 / 15:19

COST Lowe's Digital Progressive Merit NOT The clamour to regulate AI must not impede India’s digital thrust

Science fiction had familiarized inventors and philosophers with the concept of machines having human-like intelligence and capabilities as early as the 1940s. In 1955, a project funded by Research and Development (RAND) Corp created a program, Logic Theorist, that could mimic the problem-solving skills of humans. Considered the world’s first AI program, it was presented at the Dartmouth Conference, where the term ‘Artificial Intelligence’ was first adopted as an academic field.

04.07 / 15:19

COST UPS Target Fighting Strategy Earnings should rise for durably dearer shares

₹1.1 trillion so far in 2023-24. In just over three months, that is. At this pace, foreign buying could easily top the ₹2.7 trillion plus recorded in 2020-21, which was the last time their flows into our equities were positive (and also the highest in decades).

04.07 / 15:19

COST Waters REC REC extends ₹4,785 crore loan for HPCL Rajasthan Refinery’s project in Barmer

New Delhi: HPCL Rajasthan Refinery Limited (HRRL) on Tuesday secured a significant financial boost for its upcoming project in Barmer, Rajasthan, as the Rural Electrification Corporation Limited (REC) extended a loan of ₹4,785 crore. “HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement on 4 July 2023 under a consortium arrangement for Rs.48,625 crore wherein the share of state-run REC Ltd is ₹4,785 crore," the company said in a press release. HRRL, a joint venture between HPCL and Rajasthan government, aims to establish a state-of-the-art greenfield refinery cum petrochemical complex in Barmer district with an estimated project cost of ₹72,937 crore.

04.07 / 15:01

COST UPS Citi boost Restaurants in Haryana can operate 24x7; move to give city night life a boost

Dushyant Chautala said late Tuesday, a development many restaurant owners said would give a significant boost to revenues and night life in cities like Gurgaon and Chandigarh, which have a large young population. “There will be no restriction on restaurants to close at night; no one can force them to shut down,” the minister said at a state-level meeting of multiple departments. Industry executives welcomed the development, stating that the move would be a win-win for all stakeholders.

04.07 / 14:53

COST UPS Factbox-Some facts about strategic materials germanium and gallium

(Reuters) — China has announced export restrictions on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.

04.07 / 14:45

COST UPS Target Aviat Carbon 'capture' climate tech is booming, and confusing

carbon dioxide emissions — 41 billion tonnes in 2022 — has thrust once-marginal options for capping or reducing CO2 in the atmosphere to centre stage in climate policy and investment. Carbon capture and storage (CCS) and direct air capture (DAC) are both complex industrial processes that isolate CO2 but these newly booming technologies are fundamentally different and often conflated.

04.07 / 14:45

COST UPS Progressive Remark Parke 2024 Assam: Tourist-cum-cargo IWT Terminal worth Rs 46.6 crore to be developed at Bogibeel by February, 2024

Tourist-cum-Cargo IWT Terminal to come at Bogibeel by February, 2024 with an investment of Rs 46.60 crores. The Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal laid the foundation stone of Inland Waterways Transport (IWT) terminal to be developed at Bogibeel in Dibrugarh, by the bank of the River Brahmaputra (National Waterways 2).

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