COST Financial News

The Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch.

Moreover, discount brokers, who depend heavily on retail investors, are expected to be more affected than traditional full-service brokers.

CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs). «Bank's credit-deposit ratios raise concerns about NBFCs' ability to secure funds,» it said. By definition, the credit-deposit ratio (CD ratio) is a tool that measures how much of a bank's deposits are lent out as loans.

SAINT-QUENTIN-EN-YVELINES, France – Canada’s Brooke Henderson stood by the side of the 14th green at Le Golf National on Saturday and practised her putting motion several times before walking to the next hole.She never did regain her touch on the greens after a 67 a day earlier gave her an outside shot at a medal.Henderson threatened midway through the final round after reeling off three straight birdies, but her putter didn’t co-operate when she needed it.“I gave myself a lot of good opportunities,” Henderson said. “I feel like if I had made two or three different putts throughout the round then I feel like the momentum would have been more in my favour.“It might be a different story standing here.

Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic) manufacturing by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026. The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity. It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and first 50 MWh a year lithium battery cells pilot in 2026.

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Pixel 9 will likely come with a 6.3-inch display and be available in 4 colourways: black, light grey, porcelain and pink. The phone is likely to have the same camera setup as its predecessor and could feature a glossy glass exterior.

Paramount Global is set to reduce about 15 percent of its US workforce in the coming weeks, according to company executives on an earnings call Thursday, as per a report on AFP. The move comes ahead of a planned merger with Skydance Media, which had been announced in July and marked a key step forward for the movie studio after it co-produced the 2022 Tom Cruise blockbuster «Top Gun: Maverick» with Paramount. Paramount had previously identified cost savings across the company, and the layoffs are part of its efforts to realize them, said Chris McCarthy, who heads Showtime/MTV Entertainment Studios and Paramount Media Networks.

Opel Astra? It was India’s first tryst with German technology on the roads. With automatic transmission — a rarity in those days — ventilated disc brakes and a CFC-free air-conditioning system, Astra quickly became the car to dream for. It single-handedly launched the premium luxury sedan segment in India. Opel, then owned by Detroit, US-based auto major General Motors, doubled down, launching Corsa with an ad campaign that auto enthusiasts still remember—“Achtung Baby”—flaunting its German origins. The Opel cars scored high on product satisfaction, but the sheen wore off quickly, thanks to expensive maintenance and sub-par after-sales experience, all of which affected the resale value. Opel exited India in 2006, 10 years after its entry. French manufacturer Peugeot was another early mover in the 1990s and launched the 309 —a boxy sedan with 80s design language—in India. Not even the choice of the TUD5 engine, a legendary motor, could save the Parisian car maker. You would think that after initial hiccups, things would have become different in the new millennium and the Europeans would have made the most of their early-mover advantage. But that was not to be.

Tesla has stopped taking orders for the least expensive version of its Cybertruck, which is priced at $61,000, while making the $100,000 version available for immediate order and delivery as soon as this month, its website showed. Demand and supply for the Cybertruck are closely monitored by Tesla investors and fans, because Chief Executive Elon Musk has poured resources into the truck's development and plans to make 200,000 per year. As recently as October, Musk said Tesla had 1 million reservations for the truck. Some customers have indicated they are waiting for less expensive versions, because prices are higher and driving ranges lower than originally forecast.

Narendra Modi on Saturday pledged complete support to Kerala in rehabilitating hundreds of people and their families displaced by the recent landslides and flash floods in Wayanad. The PM conducted an aerial survey of the landslide-hit regions and visited the affected families at relief camps and injured persons at the local hospital after arriving by helicopter from the Kannur international airport. Accompanied by Chief Minister Pinarayi Vijayan, Modi reviewed the damage at the worst affected areas of Punchiri Mattam, Mundakkai and Chooralmala. Meppadi, Mundakkai and Chooralmala suffered the worst catastrophe in landslides caused by continuous rains and swollen streams on July 30 morning.

It’s rate cuts galore this week as lenders play catch-up to the supersized drop in funding costs.

health insurance claims in Mumbai are due to seasonal infectious diseases, according to insurers. These ailments include vector-borne diseases like dengue and malaria, which see a spike in claims during July and August, and water-borne infections such as gastroenteritis, reported TOI. In winter, common claims arise from conditions like bronchitis and influenza. Many of these claims are linked to local hygiene conditions and could be largely avoidable. Health insurance claims data analyzed by Policybazaar reveals that mosquito-borne diseases such as dengue and malaria constitute 15% of all seasonal illness claims. The typical treatment costs for these diseases range from Rs 50,000 to Rs 1,50,000. The claims for these ailments notably increase in July and August due to the humid conditions conducive to mosquito breeding. Monsoon season also sees a rise in gastroenteritis, accounting for 18% of seasonal claims. The treatment costs for gastroenteritis are similar to those for malaria. Additionally, allergic reactions, which vary by region, contribute to another 10% of seasonal illness claims.

HDFC faced a hostile banking landscape following the merger in 2022, HDFC Bank MD & CEO Sashidhar Jagdishan was quoted as saying by a ToI report on August 10. Jagdishan acknowledged that the banking landscape changed dramatically after the lender decided to merge with parent HDFC in April 2022, but he defended the decision. Speaking at the bank’s annual general meeting, Jagdishan highlighted that the global economic situation had shifted, altering their initial growth projections due to tighter liquidity conditions and shifts in consumer preferences. Jagdishan noted that the bank's decision to merge had initially factored in growth rates based on a benign liquidity environment. However, this changed after the Reserve Bank of India (RBI) announced a series of repo rate hikes from May 2022, starting with a 40 basis point increase, in response to rising commodity prices following the Ukraine invasion. These rate hikes, totaling 250 basis points, alongside RBI's measures to drain surplus liquidity, increased deposit costs for banks, impacting HDFC Bank significantly as it needed to raise deposits not only for incremental growth but also to cover HDFC's erstwhile assets.

Kirin Holdings Co. wants to overtake entrenched global brands by building a $70 million beer factory and raising fresh funds ahead of a public listing in 2026. B9 Beverages Ltd is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India’s biggest beer factory and expand production, founder and Chief Executive Officer Ankur Jain said in an interview. The company currently leases six brewing units and sells an equivalent of 8 million cases of beer a year. The New Delhi-based company has also appointed investment bank Morgan Stanley to lead another round of fundraising ahead of the IPO.

Embraer is in talks with the government and top conglomerates to set up a manufacturing unit in India, a top executive said. However, progress will depend on the company’s jets gaining access to India’s large and rapidly expanding domestic market, dominated by Airbus and Boeing planes. India is among countries such as China, Turkey, Japan and Saudi Arabia with which the firm is discussing a possible partnership, said Arjan Meijer, CEO and president of Embraer’s commercial aviation business. “We have been vocal for the last couple of years that we are looking for a partner,” Meijer told ET. “We have always said we want to cooperate, but we also want to bring our products into the market.”

Working Americans could get an opportunity to start their retirement savings journey earlier than ever thanks to a newly proposed piece of legislation in the House of Representatives.

Ola Electric is set to unveil its first electric motorcycle on August 15, 2024, during the "Sankalp 2024" event at the FutureFactory. The bike will join Ola's existing electric two-wheeler lineup, including the S1X, S1 Air, and S1 Pro.Teasers suggest the motorcycle will feature a dual-pod LED headlamp, KTM-inspired turn indicators, telescopic fork suspension, and a large battery in a tubular frame.

new Mac mini will be considerably smaller than its predecessor but may feature a greater height. While the current model stands at approximately 1.4 inches high, the redesigned unit will maintain its aluminum exterior.

Mars into a world more hospitable to human habitation is a regular feature of science fiction. But could this be done in real life? Scientists are now proposing a new approach to warm up Earth's planetary neighbor by pumping engineered particles -similar in size to commercially available glitter and made of iron or aluminum — into the atmosphere as aerosols to trap escaping heat and scatter sunlight toward the Martian surface. The idea would be to augment the natural greenhouse effect on Mars to raise its surface temperature by roughly 50 degrees Fahrenheit (28 degrees Celsius) over a span of a decade. This alone would not make Mars habitable for people, but the scientists who developed the proposal see it as a potentially doable initial step.

job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: