COST Financial News
03.07 / 02:33
03.07 / 02:33
COST
UPS
Provident
Manufacturing
Yellow
copper
Gold steadies above $1,900, copper rises on some strength in China
Investing.com-- Gold prices moved little in early trade on Monday as markets awaited more cues on the U.S. economy this week, while copper prices rose on data signaling some strength in the Chinese manufacturing sector.
03.07 / 01:45
COST
Provident
Compilation
analysts
International
week
Coromandel International is this week's stock pick; 4 reasons analysts are bullish
The agri solutions provider reported a revenue growth of 29.5% year-on-year (y-o-y) in the fourth quarter of 2022-23. However, both revenue and net profit were 5.7% and 27.7% lower, respectively, than the consensus estimates of analysts compiled by Reuters-Refinitiv.
03.07 / 01:25
COST
UPS
Lowe's
MET
CEO
Strategy
Should you invest in multi-asset mutual fund schemes or diversify on your own?
strategies are the shiny new toys in the investment arena. Asset management companies are making a fervent pitch to investors to put their money in multi-asset allocation funds. Most recently, Edelweiss Mutual Fund and WhiteOak Capital Mutual Fund have introduced their offerings in this space.
03.07 / 01:25
COST
UPS
Extreme
CEO
Chase
Retail health insurance grew 68%, higher than any other segment: Rakesh Jain, Reliance General Insurance
The average sum insured in retail health insurance has also gone up from Rs.4 lakh to Rs.7 lakh for Reliance General Insurance in the past two years, Rakesh Jain, CEO, Reliance General Insurance tells ET Wealth.In the recent past, IRDAI has mandated several standardised products, such as those for mental health, surrogacy, etc. Are insurers facing any difficulty in implementing these? When it comes to product development, you need to have certain data to create a product and price it. Mental health plans or IVFs were never under the ambit of insurance, and the confidentiality of data meant that the insurance companies could not understand the risk and pricing.
03.07 / 00:43
COST
Lowe's
Target
FIVE
Manufacturing
Japan business sentiment improves in Q2 - BOJ tankan
By Leika Kihara and Tetsushi Kajimoto
03.07 / 00:43
COST
Manufacturing
Compilation
Japan factory activity slips back into contraction in June on soft orders
TOKYO (Reuters) — Japan's factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown.
03.07 / 00:43
COST
FIVE
Manufacturing
South Korea factory activity suffers longest downturn in at least 19 years
SEOUL (Reuters) — South Korea's factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery.
02.07 / 23:47
COST
debate
pension
Costs
In the debate over pension schemes, cutting costs should be the easy bit
In the increasingly fractious debate about the UK’s final salary pension schemes, there is broad agreement on one thing: it would be better if the proliferation of schemes was consolidated into a few, big funds.
02.07 / 20:07
COST
UPS
Target
Tesla
Pfizer
NVIDIA
analyst
5 Huge Analyst Calls: Tesla Slashed at Goldman; Pfizer Cut on 'Uncertainty'
Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: downgrades for Tesla and Pfizer, upgrades for Nvidia and Pinterest, and an outperform initiation for Frontier Comms.
02.07 / 19:23
COST
CEO
Platform
Reddit
Reddit users bid farewell to favourite apps with heartfelt posts, memes
Reddit, including the Apollo app, are now shutting down due to the platform's upcoming paid API (Application Programming Interface), fans are sending them off with heartfelt posts and memes. «Apollo, one of the best iOS apps period. The official app, a buggy, clumsy mess.
02.07 / 19:23
COST
UPS
Citi
Aware
Platform
Gen Z
Friends may have a bigger influence on Gen Z when they step out to shop
Gen Z are 50% more likely to buy products based on a friend's recommendation than that of an influencer or a celebrity endorsement. This indicates a shift in the perception of content creators and their 'influence' on the demographic cohort that also forms one of the largest audience groups on most social media and content platforms. In its Not all Gen Z report, Yuvaa--a youth media, insights and impact company--exclusively shared this and other findings with ET on the behaviour and ideologies of the generation born between 1997 and 2012.
02.07 / 19:23
COST
Provident
Target
Digital
Extreme
CEO
Gap
open
ad
Ad giant Publicis Groupe open to acquisitions here
Publicis Groupe is open to acquisitions in India in areas like tech, data and commerce, a top executive told ET. The advertising behemoth has identified the digital technology business as the next growth area even though media and creative services still account for the majority of its revenue. The company's digital technology business includes marketing agency Digitas India, digital transformation agency Indigo Consulting, and ecommerce division Publicis Commerce.
02.07 / 19:23
COST
Target
Maruti Suzuki's SUV sales accelerate
Maruti Suzuki's sales volume has nearly doubled in the quarter ended June 30, boosted by strong demand for the Brezza, Grand Vitara, Fronx and Jimny — all launched in the past one year. While the share of SUVs in Maruti Suzuki's sales rose to 22.4% in the first quarter of fiscal 2024 from 12.6% a year earlier, that of small cars — for long the bread and butter of the nation's top passenger vehicle maker — fell to 53.2% from 58.8%. Passenger vehicle buyers are increasingly preferring the feature-rich SUVs over sedans in India, especially in the mid-size segment, amid an increase in their purchasing power and because of the convenience that the SUVs offer with their upright seating position and roomier interiors.
02.07 / 19:23
COST
Provident
Manufacturing
Mobile
Indian
Indian mobile companies may find it tough to regain market share
smartphone market, which is still dominated by Chinese brands, regardless of the price levels: sub or above ₹10,000. An ET survey, which constituted nearly 20 mobile retail shops in Delhi, found that none sold Indian mobile brands-firstly, shops had limited stock of sub-₹10,000 mobile phones-which used to drive volumes historically in India; and almost all the shops sold 2-3 times more ₹ 10,000-plus mobile phones than sub-₹10,000 handsets, with demand mostly for 5G phones over 4G phones.
02.07 / 18:25
COST
UPS
Provident
Target
Strategy
India's growth to slow down in H2: Jahangir Aziz, JP Morgan
Jahangir Aziz, head of emerging market economics at JP Morgan, tells Gayatri Nayak and Bhaskar Dutta. Edited excerpts:India appears to be an outlier so far and the forecasts also show it to be the fastest growing major economy. What makes it so and how long? Our view is that in the second half of the year, growth is going to slow down.
02.07 / 15:21
COST
Provident
Progressive
Assurant
Diablo
Diablo 4 Season 1 Release Date, Battle pass: Everything we know so far
Diablo 4 (Diablo IV) was poised to release its season 1 in July and somehow, it appears that it is happening soon, so there’s good news. Blizzard will be kicking off a developer live stream on the game’s official YouTube and Twitch channels on July 6 at 2 pm ET. In a press note, Diablo 4 makers noted that the upcoming live stream will include all the information on the game's theme, release date and more information.
02.07 / 14:35
COST
UPS
Progressive
Manufacturing
Google
India's electronics ambitions, global companies' shift from China will aid India's chip making goals, says Chris Miller
US memory chip maker Micron’s recent announcement of setting up a semiconductor assembly, testing, marking, and packaging (ATMP) facility in India has given the country a long-awaited breakthrough in the business of chips that power almost every device in the modern world. India set up its first chip making unit in 1983 in Mohali but then made little progress in this segment, until the government launched a Rs 76,000 productivity linked incentive scheme for chip making last year.
02.07 / 13:43
COST
Target
Waters
Modi government looted India more in nine years than Britishers did in 250 years, says Kejriwal
Kejriwal on Sunday alleged the amount of «loot» by the Narendra Modi government in the last nine years surpassed the loot of India committed by Britishers in 250 years during their rule. Addressing a public rally at Bilaspur in Chhattisgarh, where Assembly elections are due by this year-end, Kejriwal also targeted the Congress for «looting» the country over 75 years. He appealed to people to vote Aam Aadmi Party to power to rid Chhattisgarh of corruption.
02.07 / 13:09
COST
UPS
Provident
Manufacturing
Landmark
India's room AC market likely to touch $5 billion by FY28: Voltas
CAGR) of 10 per cent, according to Tata group firm Voltas. The company expects to be at the forefront of this growth. Voltas, an industry leader in the segment with a market share of 21.6 per cent in FY23, remains «very optimistic» about the room air conditioner business and is investing in augmenting its capacity, the company said in its latest annual report.
02.07 / 12:33
COST
UPS
Banks' net interest margin jumps 46 basis points to 3.3% in March quarter, says report
NIM), a key profitability gauge, grew 46 basis points to 3.3 per cent in the January-March quarter, driven by slower deposit rate resetting, an analysis showed. This has helped lenders register a 29.5 per cent increase in their net interest income during the period, according to an analysis of the banks' balance sheets by Care Ratings.
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