COST Financial News

By John Turley-Ewart

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year

Maryland transportation leaders have approved a contract for rebuilding the Francis Scott Key Bridge several months after it collapsed under the impact of a wayward container ship

Car ownership costs cooled in July, with one exception.

MUMBAI : Blue Dart Express Ltd’s revenue and profitability trajectory is struggling to take off, squeezed by rising competition, sluggish market demand and the additional burden of increased costs from recent aircraft additions. Its FY24 consolidated revenue growth stood at just about 2%, with volume remaining lacklustre. This is a stark contrast to the 17% growth seen in FY23.

₹10,000 per month in 2022-23 (at constant 2011-12 prices). Casual wage labour, the worst form of employment, fetched only ₹4,500 per month.

Reliance Industries (RIL) will meet on September 5 to consider and approve a bonus issue in the ratio of 1:1. «The Board of Directors is scheduled to be held September 5, 2024, to consider and recommend to the shareholders for their approval, issue of bonus shares in the ratio of 1:1 to the equity shareholders of the company by capitalization of reserves,» the company said in a filing.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

₹2.5 lakh with some components sourced from the dump yard of our mechanical engineering department," Piyush Khanna, a robotics student at KIET, told Mint. In comparison, a polished and sophisticated robot like Sophia would cost anywhere upwards of ₹25 lakh. "Anushka is still being tested.

«And if the crude oil prices remain low, then in such situation, derivatives of crude oil prices including the energy cost and which is a raw material for metals, I would think that this is going to be directionally very positive,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Is that a challenge at all for Trent you believe, sitting at life-high levels? What would be your recommendation for people on Trent? Deven Choksey: Well, my understanding of the subject is that currently most of the aspects about the business are fully factored into the price. When you look at the valuations, it expresses all. So, from a valuations perspective, the stock is adequately covered on every aspect. However, having said that, important point to observe here that majority of the funds who have been holding on this stock for the want of second company available in their portfolio of a size, probably they stay limited with likes of DMart, likes of Trent in the portfolio.

The CSX worker who discovered his friend run over by a pair of remote-control locomotives last year sees two-person crews as a simple solution to preventing similar deaths

The recent arrest of Telegram founder and Chief Executive Officer Pavel Durov near Paris has sent shockwaves through the tech world. Elon Musk called on France to “free Pavel" to avert a threat to democracy; Paul Graham, the co-founder of leading Silicon Valley accelerator Y Combinator, suggested it would hurt the country’s chances of being “a major startup hub." Yet, while some are citing a French-led assault on free speech and innovation, the reality is more nuanced.

The three projects cover seven districts in Odisha, Jharkhand, West Bengal, and Chhattisgarh. They will increase the existing network of Indian Railways by about 300 kms. The routes are considered essential for the transport of agricultural products, fertiliser, coal, iron ore, steel, cement, and limestone among others. The capacity augmentation will result in 45 million tonnes per annum (MTPA) of additional freight traffic.

GIFT city international financial services centre to have a lower public float of 10%. Companies listed on local exchanges are mandated to maintain a minimum public shareholding of 25%. The government issued a notification stipulating a lower public shareholding requirement for companies listing on stock exchanges at the International Financial Services Centre (IFSC)-a deemed foreign jurisdiction-a move aimed at wooing firms to list there.

Executives with military shipbuilder Austal say settling an accounting fraud investigation is the best outcome for the company and that new financial controls have been put in place

Traders in Pakistan are observing a daylong strike by shutting down their businesses in all major cities and urban areas to protest a rise in electricity costs and new taxes imposed on shop owners

The Supreme Court is keeping on hold the latest multibillion-dollar student debt relief plan from the Biden administration, while multiple lawsuits make their way through lower courts

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

U.S. wildlife officials next year will scale up efforts to kill invasive barred owls that are crowding out imperiled native owls from West Coast forests

Production at an electric vehicle battery cell plant jointly run by General Motors and Samsung SDI has been delayed as EV sales have slowed in the U.S. The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indi...

A review by Pennsylvania’s elected financial watchdog says there are shortcomings in a state agency’s oversight of fees paid to pharmacy benefit managers in the Medicaid program