COST Financial News

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Former Bank of Canada governor Stephen Poloz is examining a list of ideas to get the country’s pension funds to invest more in the domestic economy — including the creation of a pooled fund that would make dealmaking easier for some of them.

central government has revised the variable dearness allowance for unorganized sector workers, resulting in an increase in monthly wages. The revised rates will be effective from October 1, 2024 and are aimed at helping workers cope with the rising cost of living, the ministry of labour and employment said. The rates, which are revised twice a year, were last revised in April 2024. The minimum wage rates are categorized based on skill level, unskilled, semi-skilled, skilled, and highly skilled as well as by geographical area as A, B and C. After revision, minimum wage rates in area “A” for workers in construction, sweeping, cleaning, loading and unloading for unskilled work will be Rs 783 a day or Rs 20,358 per month while for semi-skilled workers it will be Rs 868 a day or Rs 22,568 per month.

By Lydia Miljan

₹40,000. However, as of today, September 26, this deal is exclusively for Amazon Prime members.

Amazon Great Indian Festival 2024 is Live for Prime members: Up to 90% off on smartwatches, tablets, earphones and moreThe Acer EK220Q is a compact 21.5-inch monitor that delivers excellent visuals with its Full HD resolution and VA panel technology. With a 100Hz refresh rate and 1ms VRB response time, it is ideal for fast-paced applications like gaming and video playback.

Google is escalating a feud with Microsoft over cloud computing by filing a European Union antitrust complaint accusing its tech rival of anticompetitive practices

Mumbai Metropolitan Region Development Authority (MMRDA) has successfully secured a loan of Rs 31,673.79 crores from the Power Finance Corporation (PFC). According to MMRDA, this loan will fund nine key infrastructure projects that promise to transform the Mumbai Metropolitan Region's (MMR) transportation network, enhancing connectivity, boosting economic growth, and improving the overall quality of life for its citizens. A formal agreement was signed on Wednesday between MMRDA and PFC, marking the financial closure of several critical infrastructure initiatives.

Subscribe to enjoy similar stories. Carlos Tavares, head of Jeep and Chrysler’s parent company, has made a career of swooping in to save struggling European car brands. His latest project is to revive U.S.

Subscribe to enjoy similar stories. Elon Musk’s social-media company X filed a federal antitrust lawsuit against an advertising industry coalition, saying companies in the group illegally boycotted the platform.

Subscribe to enjoy similar stories. As India’s economy grows, the banking sector faces a pressing question: is the sluggish growth in Current Accounts & Savings Accounts (CASA) and deposits just a temporary dip, or the beginning of a deeper, long-term trend? With the country’s credit demand rising, the slowdown raises red flags for profitability and financial stability. Read this | If deposits are stuttering, how will banks manage the credit boom? Understanding the reasons behind this shift and implementing systemic measures to reverse the trend is crucial for the banking sector’s future.

Swedish firm Klarna is partnering up with Dutch payments fintech Adyen to bring its popular buy now, pay later service into physical retail stores.

Members of Britain’s governing Labour Party have dealt Prime Minister Keir Starmer a blow by rejecting his decision to cut a payment that offsets winter heating costs for millions of retirees

An ET study of the 10 most-gifted products shows consumers will have to shell out about 14% more on average this festive season, from last year, as cashews, almonds and chocolates such as Cadbury Silk, Hershey’s Kisses and Ferrero Rocher are more expensive. This, industry executives fear, may crimp consumer demand. Lower supply of almonds, cashews and Californian pistachios has triggered a surge in retail prices. For instance, almond kernels, the most in-demand grade, cost 27% more at Rs 800 per kg this September, from Rs 630 a year ago, according to data from Nuts and Dry Fruits Council of India, an association of over 700 members.

A zoo in Finland has agreed with Chinese authorities to return two loaned giant pandas to China eight years ahead of schedule because they have become too expensive for the facility to maintain amid declining visitors

Cambodia has broken ground to build a $1.7 billion, China-funded canal to eventually link its capital Phnom Penh to the Gulf of Thailand

New Jersey has hit pause on an offshore wind energy project that is having a hard time finding someone to manufacture blades for its turbines

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

health insurance policy was due for renewal this month, he grappled with a common dilemma: should he continue paying ₹73,000 for a ₹2.75 lakh cover or instead rely on the government's Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), which is now extended to all senior citizens over 70 and offers ₹5 lakh of free coverage per family? It's a question that is increasingly troubling senior citizens across India, as private health insurance premiums soar and government schemes promise substantial coverage, albeit with limitations. The AB-PMJAY now covers all senior citizens over 70 regardless of income. The move is expected to benefit about 60 million senior citizens and 45 million families. Enrolment for the scheme is likely to begin soon.

A New York appeals court is set to hear arguments in former President Donald Trump’s fight to overturn a civil fraud judgment that could cost him close to half a billion dollars

NMDC Steel is set to break-even in the current financial year, chairman and managing director Amitava Mukherjee told shareholders on Tuesday. The steel maker was demerged from state-owned miner NMDC in 2022, while its shares listed independently in 2023. The company operates a 3 million tonne steel plant in Nagarnar, Chhattisgarh. “For the year ahead, NSL is on the verge of breaking even and aims to consistently produce 2.1 lakh tonnes of Hot Metal and 1.5 lakh tonnes of HR Coil monthly by Q3 FY25,” Mukherjee said.