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Subscribe to enjoy similar stories. New Delhi: Makers of soaps, edible oils, tea and coffee are likely to raise prices of their products following a spike in commodity prices, the companies said. In the September quarter, coffee prices were up 60% year-on-year (y-o-y), tea 25%, and palm oil 10%.

housing costs, as reports suggest that nearly 30% of their earnings go to there, which is a major red-flag for middle-class Americans, and is an inception of a dangerous housing trap. Rising housing prices, along with elevated mortgage rates are making things increasingly complex for Americans at this point and a reliable housing benchmark is becoming quite hard to maintain, as per a Moneywise report.

Narendra Modi's constituency Varanasi, has secured $40 million or over Rs 322 crore of funding from Switzerland's Xport Finance, company's executive director Shivdutt Das told ET. The National Highways and Logistics Management Limited (NHLML), under the administrative control of the ministry of road transport and highways and a 100% owned company of the National Highways Authority of India, has entered into a 60:40 joint venture with VSE to construct the ropeway, sharing 60% of the estimated Rs 807 crore cost of the project. The project could be completed ahead of schedule by early next year as against the earlier target of August 2025, he said. «We had initially targeted to deliver the Varanasi ropeway project by August 2025. At the current pace of work, we should complete it before time,» Das said.

Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday. The carmaker cut its full-year profit margin target twice during the third quarter, joining a growing number of European rivals blaming a weakening Chinese car market for falling profits and margins. Union Investment, which according to LSEG is among the 30 top investors in Mercedes, called on the management to amend its strategy as it sees no market for 2 million luxury cars any longer.

Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future

IndiGo Airlines is feeling the squeeze as high fuel prices and an unusual number of grounded aircraft impacted its traditionally slow second quarter, revealed CEO Pieter Elbers. Despite a 14.6 per cent year-on-year topline increase to Rs 178 billion, the airline struggled with significant cost pressures that weighed on its performance for the quarter. The airline reported a loss of Rs 987 crore in the second quarter ended September 2024. The company had reported a profit of Rs 189 crore in the September quarter of the previous year and Rs 2,728 crore in the preceding June quarter. Like in the first quarter, the Pratt & Whitney engine issues continue to cause turbulence for IndiGo, which has affected hundreds of Airbus A320neo jets worldwide.

delinquences in India's micro finance sector is expected to increase credit costs to more than 5% in the current fiscal as risks that borrowers will default has increased, analysts at Standard & Poors (S&P) said. Credit costs will ease but will still stay high at more than 3% next fiscal, impacting profitability for micro finance companies as return on average assets (ROAA) will fall by 60 to 65 basis points to 3.85%, the analysts said in a call. One basis point is 0.01 percentage point. Shinoy Varghese, associate director, financial institutions ratings at S&P said delinquences are expected to rise especially in the micro finance industry as lenders tighten their belts after recent regulatory actions.

Revenue from operations, meanwhile, jumped 14% year-on-year ( YoY) to Rs 16,970 crore in the reporting quarter.

Rajiv Ranjan Singh on Friday launched 21st Livestock Census, to be conducted till February next year at a cost of Rs 200 crore and said the availability of precise data will help the government frame policies for ensuring health security of animals and achieve higher growth in the sector. Singh, who is Minister of Fisheries, Animal Husbandry, and Dairying, also launched a USD 25 million 'Pandemic Fund Project' to strengthen animal health security in India for pandemic preparedness and response. Addressing an event, the minister stressed on conducting this livestock census with full honesty and sincerity. Singh asked his ministry officials to monitor this census operation regularly.

According to the release, Pm Modi will inaugurate and lay foundation stones for water supply department projects worth Rs 705 crore. This includes inauguration of the Bharatmata Sarovar, built at a cost of Rs 35 crore, on the Gagadio river in Amreli district. He will also inaugurate 1000 projects of pit recharge, bore recharge and well recharge and inaugurate 590 projects worth Rs 20 crore under Water Resource Department.

Mark Cuban has opened on side husstles that he would undertake to earn some extra money if he was 16 years old again. First, he’d learn how to write prompts for artificial intelligence language models like OpenAI’s ChatGPT or Google’s Gemini. Next, he’d teach his friends how to use those prompts on their school papers. “Then, I would go to businesses, particularly small- to medium-sized businesses that don’t understand AI yet,” says Cuban. “Doesn’t matter if I’m 16, I’d be teaching them as well," he told CNBC Make It. The Shark Tank judge's choices for side husstles are different from his actual first job, selling garbage bags door-to-door to his neighbors outside of Pittsburgh at age 12 to save up for a new pair of basketball shoes, said CBNC's report. He further continued to earn extra cash as a teenager by selling collectibles like baseball cards, stamps, and coins, eventually helping him pay to attend Indiana University. There, he bartended, hosted parties with cover charges and even picked up work as a dance instructor.

The owner and manager of the cargo ship that caused the Baltimore bridge collapse have agreed to pay more than $100 million to settle a lawsuit brought by the Justice Department

Subscribe to enjoy similar stories. The billionaire Burman family of Dabur Ltd is a step closer to buying Religare Enterprises Ltd, with the insurance regulator stating it has no objection to the proposed acquisition. Religare, which is locked in a battle with the Burman family, initially did not act on the proposal, but applied to the Insurance Regulatory and Development Authority of India (Irdai) after the Securities Appellate Tribunal (SAT) stepped in.

Southwest Airlines will replace several members of its board with candidates pushed by Elliott Investment Management to end a monthslong fight with the hedge fund

The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months

Nitin Gadkari on Thursday, said that India has 360 proposals of rope way and cable cars worth USD 7.93 billion. He was addressing the event ,«Financing of cutting-edge product's from Germany, Austria and Switzerland in the national capital. Gadkari said that apart from ropeways and cable car projects India is building more than 300 tunnel projects and invited companies from Germany, Switzerland and Austria for Joint Venturing in these projects.

ITC Ltd on Thursday reported a 3% year-on-year (yoy) growth in its net profit at Rs 5078.34 crore for the second quarter ending September, while gross revenue from sale of products and services went up by 16% yoy at Rs 20,359.95 crore which the company attributed to the agriculture and hotels businesses. The conglomerate said the “resilient performance” was at a time when demand was subdued, the country faced unusually heavy rains, high food inflation and sharp escalation in certain input costs such as that of wood and leaf tobacco.

United Parcel Service reported better-than-expected quarterly profit and revenue on Thursday, ahead of the crucial peak holiday season, boosted by rebounding volume and effective cost controls and shares soared as much as 10% in early trading. The world's biggest package delivery firm also raised its full-year adjusted operating margin forecast despite customers' ongoing switch to slower, cheaper deliveries in the long retrenchment that followed the early pandemic's e-commerce boom.

Subscribe to enjoy similar stories. Mumbai: Early last year, Ecom Express’s investors were looking for a successor to take over the reins from T.A. Krishnan, the third-party logistics (3PL) company’s co-founder and chief executive.

If you filled in your email address on the front page of your T1 personal tax return, you have officially registered to receive most Canada Revenue Agency communications via email notification. This means the onus is on you if you forget to check your email and miss an important communication, which could end up costing you big time should you miss a CRA notice of reassessment.