COST Financial News
19.02 / 00:59
markets
COST
Digital
Software
RAI
ET In The Classroom: SIPs in choppy markets
equity mutual fund schemes, with monthly collections touching Rs 26,000 crore. However, as SIP returns from equity funds have slipped into the red for the last year, retail investors with a long-term horizon and well-defined asset allocation and goals should not stop their allocations as a knee-jerk reaction.
19.02 / 00:59
markets
COST
Analysis
Trade
rights
Headlines
Vedanta cuts NCD issue size, raises yield on tepid demand
Vedanta Limited's latest non-convertible debenture (NCD) issuance faced tepid demand, forcing the non-ferrous metals company to scale down its fundraising from an initial ₹3,500 crore to ₹2,600 crore. Despite offering headline yields of 9.40% and 9.50%, Vedanta unofficially agreed to pay investors an additional 25 basis points, effectively pushing the real cost to 9.65% and 9.75%. Citibank had the mandate for the NCD raise.
19.02 / 00:59
markets
COST
CEO
Strategy
Software
economy
Enterprise
Incoming LTIMindtree CEO Venugopal Lambu lays out 90-day fit-for-future plan
Venugopal Lambu, the CEO designate of LTIMindtree has laid out a 90-day plan, which includes a strategy to deepen client relationships and sharpen the organisation to be fitter to secure large deals. It will also include capitalising on the current generative artificial intelligence (genAI) wave and pivoting the organisation into an AI first company. Lambu is taking over from Debasis Chatterjee as CEO of the sixth largest software services firm in November 2025 after the latter retires.
19.02 / 00:59
markets
COST
Digital
RAI
Department
Banks, fintechs await UPI subsidy payouts amid cuts in total outlay
digital payments, according to bankers and fintech industry executives.
18.02 / 17:01
18.02 / 16:49
markets
COST
Manufacturing
security
Trade
Experts
CBIC gives trusted importers greater flexibility in customs clearance
Subscribe to enjoy similar stories. The Central Board of Indirect Taxes and Customs (CBIC) has introduced a new facility for accredited merchants to move, store, and clear imported goods at their authorized premises instead of at ports. The move seeks to reduce congestion at ports and give greater flexibility to importers who are authorised economic operators (AEOs).
18.02 / 16:49
markets
COST
Target
Manufacturing
Action
blues
Department
Maharashtra asks Bira maker to pay ₹26 cr VAT as co struggles with vendor dues
Subscribe to enjoy similar stories. B9 Beverages has received tax notices for more than ₹26 crore from the Maharashtra government at a time when the maker of the popular Bira beer brand is struggling to make payments to its vendors and employees amid mounting losses and shrinking revenues. The Maharashtra value added tax (MVAT) department has issued a notice to all distributors of the beer brand in the state, directing them to pay any outstanding dues owed to B9 Beverages directly to the tax authorities instead, according to a circular issued in January that Mint has accessed through a distributor.
18.02 / 16:01
markets
COST
Man
film
cover
reports
Courts
Bengaluru man sues PVR for wasting his time with extended movie ads, wins case
PVR Cinemas and INOX (now merged with PVR) for wasting his time with long commercial advertisements before the film Sam Bahadur in 2024. The court directed that movie tickets should clearly state the actual start time of the film, excluding the time spent on advertisements, according to a report by Bar and Bench.
10.02 / 11:31
10.02 / 10:59
COST
President
Diversity
social
reports
Department
Trump has directed US Treasury to stop minting new pennies, citing rising cost
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin
10.02 / 10:37
COST
UPS
security
NVIDIA
Research
President
France taps nuclear power for new AI training cluster
Subscribe to enjoy similar stories. France is making a bid to catch up in the artificial intelligence race by leaning on one of its strengths: plentiful nuclear power. The French government plans Monday to pledge a gigawatt of nuclear power for a new artificial-intelligence computing project expected to cost tens of billions of dollars, according to its private-sector backers and the French government.
10.02 / 09:49
COST
Digital
Platform
Research
Trade
War
rights
Trump’s trade blow aimed at Chinese e-commerce could land on his MAGA support base
Subscribe to enjoy similar stories. It doesn’t take an economic genius to pinpoint the allure of Chinese e-commerce giants. The rapid growth of platforms like Shein, PDD Holdings’ Temu and Alibaba Group’s AliExpress was never about the quality of their products, ethical supply chains, customer service, or even US consumerism and excess.
10.02 / 09:49
markets
COST
UPS
security
Cycling
show
performer
FPIs dumped Indian financial stocks in January. But not all is bad for the sector.
Subscribe to enjoy similar stories. MUMBAI : The banking and financial services sector, which holds a 34.35% weight in the benchmark Nifty 50, is bearing the brunt of broad-based selling by foreign portfolio investors (FPIs). FPIs pulled out a massive $2,882 million from banking and financial stocks in January—the biggest outflow for the sector since they withdrew $3,109 million in October, showed data from National Securities Depository Ltd.
10.02 / 09:49
markets
COST
Trade
performer
reports
International
Gradual margin recovery to keep Apollo Tyres on tough terrain
Subscribe to enjoy similar stories. Apollo Tyres Ltd is grappling with acute margin pressure amid weak demand. Elevated raw material expenses and higher-cost inventory hurt the December quarter (Q3FY25) earnings.
10.02 / 08:23
markets
COST
Research
wellness
President
2020
rights
Efforts to put carbon dioxide underground face less support in Trump's second term
U.S. efforts to put carbon dioxide from power plants and industrial facilities underground where they won't contribute to global warming could see less federal support under President Donald Trump although demand for the technology remains high
10.02 / 06:55
markets
COST
Action
economy
Trade
Actor
country
Dani Rodrik: America’s trade partners should resist magnifying the irrationality on display
Subscribe to enjoy similar stories. By wielding the threat of imposing across-the-board tariffs against Canada, Mexico and China for no justifiable reason, US President Donald Trump demonstrated that he is a major risk for America and its trade partners. But how other countries respond to Trump’s reckless policies will ultimately determine how much damage the global economy will sustain.
10.02 / 06:55
markets
COST
UPS
FIVE
Action
President
RBI’s first rate cut in five years is small but can be effective
Subscribe to enjoy similar stories. Last week’s monetary policy meeting has several firsts to its credit: It was the first of 2025, the first under a new governor of the Reserve Bank of India (RBI), the first since Donald Trump became US president, and the first in five years to cut the repo rate. The policy pivot was widely expected: Recent off-policy measures to infuse liquidity already signalled a high chance of the same.
10.02 / 06:15
markets
COST
Digital
Enterprise
Trade
Experts
country
Budget 2025: MSME definition revision a ‘good decision,’ says India Inc; seeks more ‘aha moments’ for ease of doing business
Budget 2025-26, announced by Finance Minister Nirmala Sitharaman on February 1, 2025, introduced a host of measures aimed at supporting India Inc., with an emphasis on tax reforms, export promotion, and ease of doing business being paramount. A revision in MSME classification, steps to boost India’s share in global trade, and improving the regulatory landscape got notable mentions, among other key highlights.
10.02 / 05:21
COST
Provident
Aviat
country
reports
Department
Traffic
How Elon Musk can bring air traffic under control
Subscribe to enjoy similar stories. Elon Musk’s Department of Government Efficiency is set to review America’s aging air-traffic control system, according to a Wednesday X post from Transportation Secretary Sean Duffy. The announcement provoked Democratic outrage: “The last thing I want is that guy trying to control the airspace," Sen.
10.02 / 03:27
COST
Target
Election
social
Department
bowling
Donald Trump says he directed Treasury to stop minting new pennies, citing cost
Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the cost of producing the one-cent coin. «For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!» Trump wrote in a post Sunday night on his Truth Social site. «I have instructed my Secretary of the US Treasury to stop producing new pennies.»
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