COST Financial News

«There is work that is being done on the charging infrastructure. Charging infrastructure needs a lot more work to do and we are also doing some work in that area,» says Ravi Pandit, Chairman, KPIT Technologies. Can you outline for the benefit of our viewers that how has KPIT benefited because of EVs? How much of your total business is coming from EVs? And do you think EV is not just a fad, it is a real deal? We believe that EV is not a fad. EV is actually a complete structural change in the auto industry. Now, there are two-three things which are driving growth for a company like us. One is that EV by itself is a change in the powertrain. So, how do you have a new powertrain, whether it is a battery electric or a fuel cell electric and technologies relating to that, so that is one thing which is really purely related to EV as such.

Lincoln Financial Group is beefing up its shelf of retirement plan offerings with two new solutions, one for businesses and the other for not-for-profit organizations.

₹47,000-61,000 crore. These costs today are likely to be much higher. Compare this with the 2024-25 budget estimate of the ministry of jal shakti of ₹98,418.79 crore, of which only ₹21,028.11 crore goes to the department of water resources, river development and Ganga rejuvenation.

Coal is projected to continue as the backbone of the Indian energy system until the next two decades and its phase-down will require active policies on critical minerals, according to a report by the Indian Institute of Management (IIM)- Ahmedabad. The report asserted that net zero is not possible without substantial nuclear power and renewable energy generation by 2070. The report, titled 'Synchronising energy transitions towards a possible Net Zero for India: Affordable and Clean Energy for All,' was released on Wednesday.

Good Glamm Group has formed a joint venture with former tennis player turned entrepreneur Serena Williams to launch her cosmetics brand 'Wyn Beauty by Serena Williams' in the US market. The entity, SW-Sanghvi Beauty USA Inc., which has board representation from both Williams’ team as well as the Mumbai-based The Good Glamm Group, owns Wyn Beauty and other related trademarks for the brand.

Canadians aren’t likely to see gas cost less than a dollar a litre in the future, according to a price-monitoring company.

corporate health insurance coverage during the renewal of corporate policies. Companies are offering IVF benefits with small sub-limits to manage premium impact, while out-of-pocket expenses for maternity are rising. IVF treatment is included separately in some policies, but is either restricted to the total amount in the policy or the number of cases in a year.

Green hydrogen (GH2) and green ammonia segments are estimated to drive investments of $125 billion (about ₹10.43 lakh crore) in India by 2030, according to a report by investment banking firm Avendus Capital. The report, titled 'Green Hydrogen, The Next Frontier In Energy Transition', said the growth would be driven by an increasing focus on sustainability, demonstrated commercial viability, ever-expanding use cases and a strong regulatory push. GH2 is made by electrolysis of water, using power from renewable energy sources. It does not emit any greenhouse gases. Efforts are on globally to make green hydrogen the fuel that can help countries attain their net-zero emission targets.

An extensive crackdown led to the recovery of 598 stolen vehicles in Canada before they could be illegally shipped overseas,  authorities announced Wednesday amid a boom in auto thefts across the country.

Shirdi Sai Electricals Limited will make an initial investment of Rs 15,000 crore to build an integrated solar cell to module manufacturing facility at Ramayapatnam in Andhra Pradesh, its CEO Sharat Chandra said on Wednesday. The investments in the first phase are being made through subsidiary Indosol Solar to set up 5 gigawatts (GW) of moduleS, 5 GW wafers, 5 GW ingot and 5 GW glass capacities, he told PTI over the phone. «We have started the production of the module from Sunday (March 31). We call it Phase 1A, which is part of Phase 1. Initially, we started 500 MW module manufacturing by investing Rs 1,300 crore. The entire phase-1 (comprising 500 MW each of module, cell, wafer, and ingot) will be completed by 2025. Additionally, a manufacturing capacity of 5 GW of Glass, a raw material product, will also be set up,» he said The entire project is of 30 GW upstream capacity. It is part of the government's PLI scheme for the solar industry, Chandra said without sharing the entire project cost.

Inflation has fallen again in Europe, to 2.4% in March

The attorney for a worker burned in a 2022 explosion during renovation work on the University of Wisconsin’s Camp Randall Stadium says his client has settled a lawsuit against the project’s general contractor for $22 million

A push for a revenue package that includes hundreds of millions of dollars in taxes and fees in the Maryland General Assembly is raising concerns among some leading Democrats

Tottenham has recorded a 24% increase in total revenues for 2022-23 to reach a record 549_6 million pounds ($691 million) and said it was “in discussions with prospective investors.”

₹5,359 million in the 2022-23 financial year despite anti-dumping duty (ADD) on imports of jute yarn, twine, sacking bags and hessian fabric being in place since 2017. Dumping happens when goods are exported at prices lower than the cost of production and shipment.

Supreme Court has awarded a compensation of $35 million (approximately ₹292 crore) to a former Morgan employee after a glass door of a building in New York City—in which she was having a physical therapy appointment— suddenly shattered on her in 2015, leaving her with permanent brain damage, the New York Post reported. The report said the ruling in favour of Meghan Brown, 36, followed a three weeks trial and the court was shown the shocking CCTV footage of the incident—now viral on social media—in which the 7.5-foot-tall lobby door almost exploded on the JP Morgan employee while walking through it after a physical therapy appointment in the building.

Chase is the latest company to bring its data to bear on behalf of advertisers. The JPMorgan Chase bank on Wednesday said a new unit called Chase Media Solutions will let marketers tempt Chase customers with targeted deals and discounts related to their spending history. Chase joins a variety of businesses from Best Buy to Uber that have begun selling ad space on their apps, websites and other properties, often targeting messages by using their shopper and user data to generate revenue outside of their core businesses.

PM Surya Ghar Muft Bijli Yojana for Solar Roof Top Finance.

Committee for a Responsible Federal Budget President Maya MacGuineas explains the 'three basic ways' Biden could reduce national debt.

«So, regardless of what happened in the past month when people got a little worried about the impact on mid and smallcap due to some notification by the industry body or by a certain other notifications, I guess on average you have a decent medium term time horizon. Things are looking fine to us, we have enough ample opportunities to invest and we are looking for ideas all across,» says Harish Bihani, Kotak Mutual Fund. Just to get a sense from you, this entire debate which everyone is having is it going to be the year of a complete reversal from a largecaps of their underperformance or is it going to be a year of the continued momentum in midcap and smallcap, what is your view on the same. I think from a US perspective it is very difficult for anyone to take a call whether it will be a largecaps’ year or a mid or smallcap year. If you have a longer time horizon like next three to five years across caps, across sectors there is enough opportunity in the market today which is what market and the market participants have recognised over the past few years and that has kept the market buoyant.

Tech stocks tracked a slide among U.S. peers, but a powerful quake that rocked Taiwan had only a limited impact on Japanese chip shares.