COST Financial News

Volkswagen says significant cost cuts are urgently needed as it reports a steep decline in third-quarter earnings and faces employee representatives angry at the possibility of the automaker’s first plant closures in Germany

British Treasury chief Rachel Reeves is set to deliver her first budget in Parliament

However, renovating a house can be expensive. In such a scenario, you can opt for apersonal loan online to get the financial support needed to manage your home improvement expenses and make it festive-ready. Here’s how you could apply for a personal loan to fund your renovation project and give your home a festive makeover. Benefits of choosing a personal loan this festive season

Subscribe to enjoy similar stories. As India-China ties thaw, logistics and supply chain management company Transport Corporation of India has zeroed in on buying two cargo ships from China for $38 million ( ₹320 crore) to bolster its operations, especially along the domestic coastline. The company ordered two new cellular container vessels, which are typically designed for transporting containers, of about 7,300 deadweight tonnes (DWT) each from Chinese shipyards.

2025 IPL season fast approaching, the BCCI has laid out the updated rules and retention policies for the upcoming mega auction, introducing a few key changes to boost the auction's competitiveness. Additionally, this Diwali, October 31 promises more than just fireworks in the sky; the IPL 2025 retention announcements will light up the cricket world as franchises are due to submit their retention lists by 5 PM. Captains and star players, particularly those who have shown consistent form, are likely to be prioritized. Young and emerging players, often seen as future assets, are also high on the retention list for many teams. Additionally, some teams are exploring options for uncapped players, who can be retained at lower costs, providing valuable flexibility for franchise budgets.

Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging and its stock was rising toward an all-time high. Now, South Korea’s biggest company has become a stark example of how quickly fortunes can turn in an industry where the spoils go to those who maintain a technological edge. As concerns mount that the company is losing out to smaller rival SK Hynix Inc. in AI memory and failing to gain on Taiwan Semiconductor Manufacturing Co. in outsourced chipmaking, Samsung shares have tumbled 32% from this year’s peak on July 9. The company has lost $122 billion of market value in that span, more than any other chipmaker worldwide.

The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country, including in Baltimore, where a deadly bridge collapse killed six construction workers and disrupted commercial s...

Elon Musk, the world’s richest man, is reportedly developing a 14,400-square-foot mansion to accommodate his large family. According to the New York Times, Musk aims to live with his 11 children and two of their three mothers in adjacent properties, allowing his younger children to grow up together and enabling Musk to spend time with them.

The Commerce Department's advance estimate of third-quarter gross domestic product on Wednesday will be published less than a week before Americans head to the polls on Nov. 5 to choose between Vice President Kamala Harris, the Democratic Party candidate, and former President Donald Trump. Polls show the race is a toss-up. Americans, who list the economy as a top election issue, have chafed at high food and housing costs, even as the economy has defied forecasts of a recession and continues to outperform its global peers.

Marico, while JP Morgan has retained its neutral view on CONCOR. Meanwhile, UBS has buy ratings on both Maruti and Cipla. We have collated a list of recommendations from top brokerage firms from ET Now and other sources:

The Czech power company CEZ has signed a deal with Britain’s Rolls-Royce SMR to form a strategic partnership to develop and deploy small modular nuclear reactors

New retirees frequently rhapsodize about the joys of tossing their alarm clocks into the trash and filling their days with whatever activities they find gratifying

Analysts from seven investment banks said they expect sales of UK government bonds to reach around £300bn for the year to March 2025, according to figures compiled by the Financial Times.  The Treasury's existing net financing requirement for the year sits at £278bn, a figure that the analysts expect to rise to around £298bn, marking the second highest ever total, behind the borrowing that took place during the pandemic to finance furlough and other emergency schemes.  UK government borrowing costs have edged higher over the past week, with 10-year gilts currently sitting at their hig...

Honeywell Automation India reported a 5.6% fall in its second-quarter profit on Tuesday, hurt by slowing demand. The Indian arm of U.S. conglomerate Honeywell International said its profit fell to 1.15 billion rupees ($13.7 million) for the three months ending Sept. 30 from 1.22 billion rupees a year ago. Honeywell Automation India provides building automation solutions to industrial clients and designs emission-curbing and energy transition products. Growth in India's manufacturing industry cooled in August and September, according to a business survey. Analysts have said that Indian exporters are bearing the brunt of increased shipping costs due to the Red Sea crisis.

Subscribe to enjoy similar stories. New Delhi: What’s in a name? A lot, apparently, if you’re in the venture capital business, as one firm named after the world’s tallest mountain is fast realizing. In 1865, a few years after Andrew Waugh, the then surveyor general of India, proposed that it be named after his predecessor Sir George Everest, the peak was officially named Mount Everest.

PM E-Bus scheme through a Direct Debit Mandate (DDM) with the Reserve Bank of India (RBI). According to the PM-eBus Sewa-Payment Security Mechanism (PSM) scheme, notified by the Ministry of Heavy Industries (MHI), states getting electric buses (e-buses) through this route will permit the centre to recover overdue amounts. Procurement and operation of e-buses by Public Transport Authorities (PTAs) is supported under the PM e-Bus PSM scheme. These buses are handed over to state government or union territory-controlled PTAs to operate them and recover costs through fares. Since the PTAs are in poor financial health, bus suppliers fear they will not be paid by the states. The PSM scheme addresses concerns of e-bus suppliers by ensuring timely payments to operators through a dedicated fund. In case of payment default by Public Transport Authorities (PTAs), Convergence Energy Services Limited (CESL), the implementing agency, shall make necessary payments from the scheme funds which will be later recouped by the centre.

Subscribe to enjoy similar stories. WASHINGTON—The U.S. is running low on some types of air-defense missiles, raising questions about the Pentagon’s readiness to respond to the continuing wars in the Middle East and Europe and a potential conflict in the Pacific.

Subscribe to enjoy similar stories. Aggregate technical and commercial (AT&C) losses pose India’s electricity distribution sector a persistent challenge. These losses are often identified as one of the critical factors contributing to the financial distress of distribution companies (discoms).

ICICI Bank are currently trading around the Rs 1,292.85 level, maintaining their long-term uptrend. Recently, the stock broke out of a consolidation phase after pulling back from its higher levels. It has since stabilized near a key demand zone, trading in a consolidating range and signaling a potential trend reversal.

Dhanteras, a significant part of Diwali festivities, is traditionally associated with purchasing gold, symbolizing wealth and prosperity. While buying physical gold remains a popular option, many investors now seek to invest in gold through financial instruments such as gold funds or gold exchange-traded funds (ETFs). These investment options offer exposure to the precious metal without the hassle of buying physical gold. But with both choices available, the question arises: which one should you choose this Dhanteras? Gold ETFs offer greater liquidity, lower costs, better security than trading physical gold, and can be bought and sold with a single click without any hassle.

Subscribe to enjoy similar stories. India’s reliance on imported crude oil is getting worse. The latest government data shows that the country imported 88.2% of the oil it consumed in the first half of 2024-25, up from 87.6% a year earlier.