COST Financial News
23.01 / 02:07
COST
economy
trends
folk
reports
Natural disasters cost $417 billion worldwide in 2024
Subscribe to enjoy similar stories. Natural disasters and severe weather cost the global economy $417 billion last year, including $154 billion for which insurers were on the hook, according to a new report. Last year was the warmest year on record dating to 1850 and saw a record 21 natural catastrophes with multibillion-dollar price tags, according to a report from Gallagher Re, a reinsurance broker.
23.01 / 01:13
23.01 / 01:01
23.01 / 01:01
markets
COST
Manufacturing
security
Strategy
Sustainability
budget 2025
Can India’s Defence Budget 2025 bridge global ambitions and domestic realities?
India's defence spending for the financial year 2025-26 is expected to stabilise around 1.9 to 2 per cent of GDP, consistent with recent years. While this offers financial stability, it may not be enough to counter escalating external threats. At the 21st Subroto Mukerjee Seminar, Defence Secretary Rajesh Kumar Singh highlighted the importance of prioritising resource allocation rather than increasing funds, noting that the current budget already stretches the absorptive capacity of domestic industries.
23.01 / 01:01
COST
UPS
Booking
stage
cover
HDB Financial's Q3 net drops 27% on provisions
HDB Financial Services, the non-bank arm of HDFC Bank, said its net profit fell 27% to ₹470 crore in the quarter ending December 2024 from ₹640 crore a year ago due to higher provisions and a rise in financing costs reflecting higher funding costs. Financing costs increased 31% year-on-year to ₹1,645 crore during the quarter. Provisions on bad loans increased to ₹636 crore from ₹283 crore a year ago as the bank sought cover for rising non-performing assets (NPAs). Net interest margin (NIM) dropped to 7.5% from 7.7% a year ago.
23.01 / 00:31
23.01 / 00:25
23.01 / 00:25
markets
COST
UPS
FIVE
Manufacturing
Sustainability
Tata Motors sees adoption of electric CVs falter amid incentives withdrawal
Subscribe to enjoy similar stories. Government's withdrawal of demand incentives for small pick-ups has sharply slowed the adoption of Tata Motors’ Ace electric truck, a beneficiary of the erstwhile FAME-II subsidy scheme to promote electric vehicles (EV) in India. EV penetration for the Ace lineup had risen to nearly 10% in the final quarter of FY24, driven by a significant pre-buy as customers anticipated the end of the incentives.
23.01 / 00:25
COST
UPS
wellness
track
travelers
Traffic
budget 2025
Budget 2025 | Railways may step up investment for augmenting network in FY26 budget
Subscribe to enjoy similar stories. New Delhi: Indian Railways is preparing itself for a big increase in allocations for laying new train tracks in the upcoming budget as part of efforts to modernize the network, deploy fast train and rail travel safer. The plan is to raise allocations for new tracks to over ₹50,000 crore in FY26, a 50% increase over budgeted expenditure for FY25, according to two persons aware of the development.
23.01 / 00:25
markets
COST
IPO
Aware
security
Discover
reports
Sebi raises concern over $1.5 bn HDB Financial Services IPO
Subscribe to enjoy similar stories. Mumbai: The stock market regulator is examining a potential violation of the Companies Act by HDB Financial Services 17 years ago as the non-bank lender prepares for a $1.5 billion initial public offering (IPO), three people aware of the matter said. The Securities and Exchange Board of India (Sebi) found that the lender in 2008 issued shares to more than 50 employees of its parent HDFC Bank through a private placement, one of the three people said.
23.01 / 00:23
markets
COST
UPS
Manufacturing
Trade
Experts
country
Trump’s tariff threats to China could hit Canadian wallets. Here’s why
U.S. President Donald Trump’s threats to impose tariffs on imports from China could send shockwaves through global supply chains that experts warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada.
22.01 / 22:29
COST
security
President
country
consequences
reports
politician
‘Mr. Trump, f— off’: Danish politician lashes out over Greenland proposal
Donald Trump this week over his pitch to make Greenland part of the United States.“Dear President Trump, listen very carefully,” Vistisen said on Tuesday in European Parliament. “Greenland has been part of the Danish kingdom for 800 years. It’s an integrated part of our country.
22.01 / 21:17
22.01 / 20:03
COST
Manufacturing
DISH
President
reports
Tide among household basics that could see price hikes due to U.S. tariffs
U.S. consumer goods maker Procter & Gamble PG.N will again look to hike prices on its household basics such as Tide detergent if President Donald Trump imposes new tariffs that increase the cost of imports, an executive said Wednesday.
22.01 / 15:39
markets
COST
economy
Food
wellness
trends
track
Bank of Canada's job 'far from done': What economists are saying about the inflation data
Canada’s consumer price index rose 1.8 per cent in December from the year before, less than the 1.9 per cent increase expected by economists, giving the Bank of Canada a final data point before it meets Jan. 29 to announce its next interest rate decision.
22.01 / 15:21
22.01 / 10:55
markets
COST
Fighting
Trade
President
Celebrity
reports
$Trump is already worth billions. What to know about the meme coin.
Subscribe to enjoy similar stories. Just days ahead of his return to the White House, President Trump and his wife Melania launched a pair of meme coins that have skyrocketed in value and earned them billions of dollars, at least on paper. Dubbed $TRUMP and $MELANIA, the tokens are a type of cryptocurrency that doesn’t serve any economic purpose and whose value is based largely on the popularity of internet memes.
22.01 / 09:41
COST
Provident
Manufacturing
NVIDIA
Research
country
innovations
Mint Explainer: Will the $500 billion Stargate plan help the US trump China?
Subscribe to enjoy similar stories. BENGALURU : Geopolitics continues to dictate global tech policies and strategies. The latest example is the Stargate Project, one of US President Donald Trump's first major business initiatives after returning to office.
22.01 / 08:05
markets
COST
security
Analysis
Trade
Experts
rights
Ultratech Cement Q3 Preview: PAT may fall 29% YoY; realisations to be lower
Revenue from operations during the third quarter could rise just 1% year-on-year (YoY), according to an average estimate of four brokerages. Profit after tax (PAT) may decline 29% YoY.
22.01 / 06:33
COST
UPS
Netflix
Bill
Netflix Canada is changing its prices. How much is it going up?
Netflix is raising its prices in Canada.
22.01 / 03:21
COST
Man
Manufacturing
economy
Sustainability
Trade
Universities
Tariffs will spark retaliation, not a manufacturing renaissance
Subscribe to enjoy similar stories. MORE THAN 90 years ago Franklin Delano Roosevelt surveyed the wreckage of the Great Depression. He pointed to one of its causes: sky-high tariffs had put America on the “road to ruin" by inviting retaliation and suffocating investment.
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