COST Financial News

New Zealand government has increased visa fees across all categories, effective from October 1. As a result, Indians will face higher charges while applying for work, visit or study visas in the country. The New Zealand government had made the announcement in August. Immigration Minister Erica Stanford had said were made to create a more sustainable immigration system by shifting the financial burden from taxpayers to visa applicants. “We’re ensuring the system is self-funding and more efficient,” Stanford said. “The changes we’re making are shifting the cost to those benefiting from the system.” She added that this move is expected to reduce the need for public funding by over $563 million over the next four years.

Reliance Infrastructure on Tuesday said its board has approved a proposal to raise ₹2,930 crore by issuing unsecured foreign currency convertible bonds (FCCBs) to VFSI Holdings. In a regulatory filing, the company said FCCBs will be unsecured and will have ultra-low cost interest of 5% per annum with a long maturity of 10 years.

Time is a thief, and 62-year-old Naveen Fernandes feels its grip tightening. With stage IV cancer gradually consuming his body, he is not interested in a futile fight against the clock but in leaving a lasting legacy. As life inches towards its final chapter, the Bengaluru resident refuses to let cancer extinguish his dreams – rooted in hope, love and social commitments – as he crafts a financial road map to secure his family's future.

The holidays are the busiest time of year for many small retailers and other businesses

Nicholas Wealth Management CEO David Nicholas explains how the port strike could affect the stock market and overall economy on Varney & Co.

Prime Minister Justin Trudeau’s government survived a second attempt by the Conservatives to topple it with a non-confidence motion in the House Commons on Tuesday, with the NDP and the Bloc Quebecois voting against the Conservative motion.

Young Canadians are still striving to enter the housing market even as affordability barriers persist, a new report from Royal LePage suggests.

travel insurance is evolving rapidly to keep up with changing travel habits of modern travellers seeking unique experiences and adventure amid a post-Covid travel boom. A new breed of policies now caters to adventurous and niche activities like golfing and scuba diving besides offering emergency coverage for pre-existing conditions, home-to-airport coverage, upgrading to business class due to health reasons and even pet care. For instance, some insurers are offering coverage that reimburses golfers for the cost of a hole-in-one celebration — a grand party a golfer must host if he/she manages to hit the ball from the tee all the way to the hole in a single stroke.

economic policy framework for the next generation of reforms. That is a sensible move. India has compelling reasons to move away from a textbook framework of open economy macroeconomics. It strives for strategic autonomy in a geopolitically riven world, in which one superpower sits astride the northern border, has built supercharged industrial muscle that can smother Indian industry, and casts a covetous eye on Indian territory. India can find ready support, vis-a-vis China, in the US. However, if the US finds that India is reliant solely on American support, it would have it where China has Pakistan — by the scruff of the neck. India would have to give up all dreams of strategic autonomy.

Subscribe to enjoy similar stories. India’s electric vehicle (EV) market is no longer a startup playground. Bajaj Auto, a ‘legacy’ two-wheeler maker once far behind the EV race where Ola Electric and other startups were shaping the market, has nearly doubled its market share since the start of the fiscal in April.

You could almost hear the collective sigh of relief when inflation hit the Bank of Canada‘s 2 per cent target — after all we’d been waiting three years.

banking system is set to improve to a decadal best of 2.5 per cent in 2024-25, domestic rating agency Crisil said on Tuesday. It, however, flagged concerns around unsecured exposures like personal loans and credit cards, and also the microfinance (MFI) loans made by lenders, pointing out that the segments are witnessing a surge in stress. Credit growth is expected to moderate to 14 per cent in FY25 from 16 per cent in FY24 on the back of lower economic growth expected at 6.8 per cent as against 8.2 per cent in FY24, and the regulatory restrictions through interventions like higher risk weights on unsecured lending which has made lenders cautious, the agency said.

Subscribe to enjoy similar stories. Eurozone inflation fell below the European Central Bank’s target for the first time in more than three years, suggesting a lengthy struggle to bring price rises under control is nearing an end. Consumer prices increased by 1.8% on year in September across the 20 nations that make up the eurozone, falling from a month earlier and marking the first time since June 2021 that annual inflation has stood below the ECB’s 2% target.

Subscribe to enjoy similar stories. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 56.5 in September from 57.5 in August. A reading of 50 separates expansion from contraction.

Rail Vikas Nigam Limited (RVNL) on Tuesday announced that it emerged as the lowest bidder from East Coast Railway for construction works in Odisha. The order costing Rs 283.69 crore is to be completed in 24 months' time, the company informed stocks exchanges in a filing. The work orders include 3rd and 4th line between Jarapada and Talcher Road and Construction of New line between Angul-Balram (MCRL Inner Corridor Phase-I Doubling 14 Kms).: Execution of balance earthwork in formation, minor bridges, major bridges, P.way linking works, supply of ballast, S&T Buildings, Level Crossing and other Misc. works between Jarapada and Talcher Road excluding station yards in connection with 3rd and 4th line of Jarapada-Budhapank Project and between Angul and Balram including yards of MCRL Inner Corridor Phase-I Doubling.

More Americans are in jobs where a chunk of their pay isn’t guaranteed.

Former U.S. Commerce Secretary Wilbur Ross reacts to shippers making their counter offer to ILA on The Claman Countdown.

Port of Los Angeles executive director Gene Seroka discusses the key issues of the impending ports strike on Cavuto: Coast to Coast.

Rep. Greg Murphy, R-N.C., details the devastation caused by Hurricane Helene and the impact of the storm on the upcoming presidential election.

An investigation focused on three of the world’s largest shrimp producers claims that as big Western supermarkets make windfall profits, their aggressive pursuit of ever-lower wholesale prices is causing misery for people on the bottom end of the suppl...

A handful of states have rolled out rebates to consumers who make their homes more energy-efficient, just months after New York became the first state to do so, in May.