COST Financial News

Housing affordability in Canada is a problem. That’s a fact.

Airlines are slowly mastering the art of upselling and are ready to offer that extra to passengers who are willing to pay more for better comfort or flexibility during their trip. Both IndiGo and Air India which fly 9 out of 10 domestic passengers are rolling out multiple types of fares, where they bundle tickets along with extras. While making it costlier for those booking a basic fare- ticket, to cancel or reschedule their flights, they are lowering these costs for the higher fare bracket topping it up with extras.

Samantha Ruth Prabhu has invited the ire of the medical community on X. The 'Ye Maaya Chesave' star recently recommended her fans try the hydrogen peroxide inhalation protocol if they have come down with a viral fever. However, this medical advice was met with fierce opposition by a hepatologist called Dr Cyriac Abby Philips. Philips, who goes by the moniker ‘The Liver Doctor’ on X, slammed the 'Yasoda' actress and called her a “health and science illiterate”. “Influential Indian actress Ms. Samantha Ruth Prabhu, who is, unfortunately, a health and science illiterate, advises millions of her followers to inhale hydrogen peroxide to prevent and treat respiratory viral infections,” he tweeted. The doctor also added that inhaling this substance can cause serious health issues.

Woodshaw Financial Group principal D.R. Barton analyzes the state of the consumer after Walmart's solid earnings report on 'Varney & Co.'

Spearheaded by Premier Miton's multi-manager team, led by Ian Rees, the service is set to offer two ranges of actively managed portfolios, both consisting of four portfolios. One will direct attention on a mix of active and passive investments while the other range will be solely index focused, but both will be actively managed, the firm said. Premier Miton CEO bets on fund sales boost from falling rates as outflows slow The move follows  «increasing demand from advisors for cost effective investment solutions that use the architecture of established investment platforms whilst tap...

June-quarter deliveries likely fell 6%, the first time the top EV maker is set to post two straight quarters of decline, as it deals with stiff competition in China and slow demand due to a lack of affordable new models. The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday. Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker. It warned in January that deliveries growth in 2024 would be «notably lower» as a boost from months-long price cuts wanes.

interoperability is not feasible in the Indian market as the existing STBs deployed by the distribution platform operators (DPOs) are non-interoperable, and deploying new interoperable STBs will be a costly affair, say industry experts. The Telecom Regulatory Authority of India (Trai), in its recent recommendations to the ministry of information and broadcasting (MIB), reiterated that all STBs in India must, in principle, support technical interoperability. STB interoperability is the ability to change a service provider without changing the STB. Currently, customers have to purchase a new STB every time they want to shift to a new service provider. «There are two types of interoperability: technical and commercial. Technical interoperability without commercial interoperability is not feasible because the STBs remain the property of the DPOs,» said a top official with a TV distribution company, on condition of anonymity. This is not the first time Trai has made a recommendation in favour of STB interoperability. The discussion on STB interoperability has been going on since 2010, when the regulator first floated a consultation paper on the issue. «STB interoperability is a dead horse that the regulator keeps flogging. At a time when consumers have the option of moving to internet-enabled content delivery, the regulator is talking about a legacy issue that has not been implemented to this day,» said the India head of an international content security firm.

Three meetings a day? Luxury!  Any sell-side analyst or capital markets roadshow banker might be permitted to raise an eyebrow at the news that HSBC employees have been reminded at a company town hall meeting that it’s policy to ensure that you have at least three meetings per day to justify the travel costs.  Back in the old days at UBS under Andrea Orcel , bankers were expected to log 300 meetings every year.  Who goes travelling for only one or two client meetings?

₹1 lakh of paid-up capital at ₹1 per share, with an average pre-money valuation of ₹10 crore now would result in an issue price of ₹1,000 per share, or a premium of ₹999. But this would likely result in angel-tax notice from authorities. The tax department uses a system known as Computer-Aided Selection of Cases For Scrutiny (CASS).

commerce ministry said on Wednesday. The mutual recognition agreement (MRA) will ease the export of organic products by avoiding dual certifications, thereby reducing compliance cost, simplifying compliance requirements by adhering to only one regulation and enhancing trade opportunities in the organic sector. It said the pact will pave the way for export of major Indian organic products such as rice, processed food, green/black and herbal tea, medicinal plant products to Taiwan. The implementing agencies for the MRA are India's Agricultural and Processed Food Products Export Development Authority (APEDA) and Taiwan's Agriculture and Food Agency.

The Association of Investment Companies CEO Richard Stone, said plans are in place to write to the new economic secretary to the Treasury «as soon as they are appointed». The trade body has called for the reforms since 2018, when investment trusts were brought under the current scope of regulated cost disclosure. Stone reiterated the trade body's demands for this to be reversed to the new Labour Treasury. House of Lords condemns FCA's application of cost disclosure regime for investment trusts The issue stems from the UK's application of two pieces of European Union-derived regu...

Anvita Group, a Hyderabad based real estate developer will invest Rs 2,000 crore for a residential project at Kollur near Hyderabad. Spread over 12.9 acres, the project will be developed in two phases. The first phase, which will come up in 3.5 acres, will have two towers of 15 floors each and will have 450 units in total. “In the second phase, four towers of 36 floors each will come up in 9.25 acres. We will hand over all 1,400 units of the 2nd phase to customers in 2027,” said Atchuta Rao Boppana, chairman and managing director, Anvita Group.

The Adani group will spend $9 billion to build manufacturing and transportation infrastructure for the first phase of its ambitious green hydrogen venture, pivotal to the conglomerate’s business aspirations and crucial to the world’s third most polluted country’s net-zero transition. Once production gets under way, Adani group will hire specialized ships to export what will be the world’s cheapest green hydrogen and its derivatives to Europe and some Asian countries, three people directly aware of the conglomerate’s plans said on condition of anonymity. "This is the most decisive entry into green hydrogen being planned by any group in the country," one of the three people said.

Reasons to BuyReasons to AvoidThe Apple iPad 10th generation features a powerful A14 Bionic chip, a vibrant 10.9 inch Liquid Retina display, and a 64GB storage capacity. It supports Wi-Fi 6 for fast connectivity and boasts a 12MP front and back camera.

The DSP TIGER Fund was a standout performer in 2007, drawing huge inflows. Infrastructure saw a massive rally from 2003 to 2007, and the DSP TIGER Fund, launched in June 2004, capitalized on this trend.

WestJet continues to feel the effects of a two-day plane mechanics strike that nearly shut down the airline’s network for 29 hours over the Canada Day long weekend and cost it millions of dollars.The work stoppage that began on June 28 forced the airline to cancel more than 1,050 flights during one of the busiest travel windows of the year.Fallout from the unexpected job action continued well into last week, as WestJet called off 244 trips Tuesday through Saturday as well as at least 32 more on Sunday, according to tracking service FlightAware. Figures from the airline suggest at least 170,000 passengers have been affected.The task of fully resuming flights by a nearly grounded fleet of 180 planes across more than 175 destinations is complex, costly and time-consuming.

mCaffeine, a caffeinated skincare brand, has announced a strategic partnership with GoKwik, an eCommerce enabler, to further enhance its online presence and accelerate growth. This partnership with GoKwik aims to further support the personal care brand's aim of increasing their market share by 10% in key categories and revenue by 70% this year by offering better shopping experiences to its customers while expanding its D2C footprint especially in smaller towns.

The August theatrical release for the second chapter of Kevin Costner’s ambitious Western epic “Horizon: An American Saga” has been canceled after the first film fizzled in theaters

Fox News contributor Dr. Nicole Saphier looks back at the media’s fearmongering over COVID-19 four years after the pandemic on «The Bottom Line.»

Canada’s second largest airline, WestJet, has reached a deal with its mechanics to end a strike that had disrupted the travel plans of tens of passengers over the Canada Day long weekend

Gautam Adani is looking to start building ships at the group's flagship port at Mundra, also the country's largest, as yards in top nations such as China, South Korea and Japan are booked out until at least 2028, forcing global fleet owners to look at alternate manufacturing sites including India for new vessels. This fits in with India's ambitious bid to become a top 10 shipbuilder as per the Maritime India Vision 2030 and move into the top five by 2047 as detailed in the Maritime Amrit Kaal Vision. India is currently ranked 20th in the world commercial shipbuilding market with a marginal share of 0.05%. Indian-owned and flagged ships account for about 5% of the total overseas cargo-carrying requirements of the country. Adani's previously unreported shipbuilding scheme is tucked away in the ₹45,000 crore expansion plan for Mundra Port that received environmental and coastal regulation zone clearance recently, according to the minutes of the Expert Appraisal Committee (EAC) attached to the ministry of environment, forest and climate change, which approved the proposal May 15.