COST Financial News
02.04 / 09:57
COST
UPS
Election
Schools
Congress attacks Modi govt over 'unfulfilled' commitments to people of Rajasthan
Congress on Tuesday alleged that the Modi government has many «unfulfilled commitments» to the people of Rajasthan, as the party attacked it over issues such as the ERCP project, «anti-Dalit atrocities» and lack of opportunities for the youth of the state. Ahead of the Rajasthan rally of Modi, Ramesh said as the prime minister visits the state, the Congress hopes that he will take this opportunity to address his many unfulfilled commitments to the people of Rajasthan. «On 7th July, 2018 and 6th October, 2018, PM Modi had promised to the people of Rajasthan that the Eastern Rajasthan Canal Project (ERCP) will be given national project status. This was crucial because 90% of funding for national projects comes from the Centre,» he said. After the Congress came to power in 2018, then-Chief Minister Ashok Gehlot wrote to the PM on six occasions, requesting him to fulfil his promise so that this essential infrastructure project could commence, he said.
02.04 / 09:57
COST
UPS
Action
Highways
reports
rights
Revised model concession agreements for toll projects will safeguard interest of all stakeholders: CareEdge Ratings
investor confidence while safeguarding the interest of all stakeholders, the CareEdge Ratings said on Tuesday. The ministry of road transport and highways (MoRTH) had last month revised the MCAs for bidding out toll road projects as it aims to bid out 53 projects, encompassing a total length of 5,214 km and a projected cost of Rs 2.10 lakh crore, for development under the BOT-Toll model. “The revised agreements have incorporated changes to tackle execution woes, ensure funding support during the construction period and mitigate lender’s risk in case of exigencies,” it said, adding it will help address challenges encountered during the execution, operational, and termination phases of BOT toll projects.
02.04 / 09:40
02.04 / 09:40
COST
Citi
Entertainment
film
show
Features
Sporting
After welcoming guests for 67 years, the Tropicana Las Vegas casino's final day has arrived
In its heyday, the Tropicana Las Vegas was known for its opulence
02.04 / 09:39
COST
UPS
Provident
Death
Morningstar
reports
Courts
Cargo ship's owner and manager seek to limit legal liability for deadly bridge disaster in Baltimore
The owner and manager of a cargo ship that rammed into Baltimore’s Francis Scott Key Bridge before it collapsed are seeking to limit their legal liability for the deadly disaster
02.04 / 09:39
02.04 / 09:25
02.04 / 09:01
COST
Platform
AMD
stage
country
innovations
patient
Eyestem to begin human trials for its pioneering Dry AMD treatment
Eyestem, a cell therapy company at the forefront of regenerative therapy, has received approval from India’s Central Drugs Standards Control Organisation (CDSCO) to commence human trials for Eyecyte RPE, aimed at combating geographic atrophy arising from dry age-related macular degeneration (AMD). Dr Jogin Desai, Founder and Chief Executive Officer, Eyestem, said in a statement, “The commencement of human trials represents a significant and proud moment for all of us at Eyestem. Being a purpose-driven company, our commitment is to ensure that Eyecyte RPE reaches a much larger patient base than most cell and gene therapies worldwide. Our cell therapy platform has the ability to create products of the highest quality at scale, and we look forward to validating this hypothesis with our flagship product.” “We are delighted to be part of this pioneering effort in this area from our country. The LVP team is solidly behind this project and are optimistic about its success,” said Gullapalli N Rao, Chairman, Founder, L. V. Prasad Eye Institute, Hyderabad.
02.04 / 05:25
COST
UPS
Manufacturing
show
2020
India's March manufacturing PMI rises to 16-year high as output and orders jump to highest since October 2020
India closed out FY24 a «stellar performance» in March, a private survey showed, as companies stepped up hiring in response to strong production and new orders. The HSBC India Manufacturing PMI rose to a 16-year high of 59.1 in March, from 56.9 in February. While this number was the highest since February 2008, it was lower than HSBC's preliminary estimate of 59.2. A reading of over 50 separates expansion from contraction. India's manufacturing output rose for the 33rd consecutive month in the final month as growth quickened across consumer, intermediate and investment goods sectors.
02.04 / 05:01
02.04 / 04:55
COST
UPS
Citi
Trade
country
Gold and silver prices Today on 02-04-2024: Check latest rates in your city
The price change in 24 carat gold in the last one week has been -0.51% .whereas in the last month it has been -6.5%. The cost of silver is Rs.78700.0 per kg up by Rs.800.0 per kg. Gold Rate Today in Delhi is ₹69968.0/10 grams.
02.04 / 04:43
COST
Analysis
Sustainability
pandemic
trends
show
cover
The pockets of stress in India Inc’s improving credit health
Mint. To assess this, the analysis used interest coverage ratio (ICR), or the ratio between operating profit and interest outgo: if the former exceeds the latter, a company has sufficient cover for its interest obligations. Companies for which the ratio was less than one were classified as ‘stressed’.
02.04 / 03:27
COST
Porsche
Trade
Xiaomi
electronic
Sporting
Xiaomi's stock jumps 16% after launch of electric car
Shares of China's Xiaomi surged as much as 16% on Tuesday after the maker of smartphones and other consumer electronics last week launched a sporty electric vehicle whose design has been likened to Porsche's Taycan and Panamera sports car models. Xiaomi shares touched their highest since January 2022 on the first day of trading after the Easter holiday break and the first since it launched its first-ever vehicle.
02.04 / 03:15
02.04 / 01:37
02.04 / 00:45
COST
Digital
Platform
WhatsApp
Instagram
country
Schools
Reliance's Tamil Nadu campus may host Meta’s first India data centre
Reliance Industries campus in Chennai, several people aware of the matter told ET. This will help the American company process user generated content locally across its flagship apps such as Facebook, Instagram and WhatsApp. The Mark Zuckerberg-led company inked a deal with RIL following discussions at the recently concluded pre-wedding celebrations of Ambani scion Anant at Jamnagar in early March, the sources added.
02.04 / 00:35
markets
COST
UPS
Food
Bill
Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
chocolates. Bills at quick service and fine-dining restaurants may rise 5-8% starting this month as prices of cocoa, coffee, palm oil and sugar have surged over the past quarter. This will be the first such increase in about 1.5 years, said industry executives and restaurateurs. Prices of cocoa and coffee are at all-time highs and palm oil has risen 10% Y-o-Y. Executives at a dozen restaurant and cafe chains said they are evaluating price hikes this month itself. Aseem Grover, owner of the upscale The Big Chill Cafe and dessert chain The Big Chill Cakery, is monitoring costs carefully.
02.04 / 00:35
COST
pandemic
War
performer
Profiles
India Inc's improving credit profile sees more upgrades in H2 of FY24
Upgrades continued to exceed downgrades during the October-March rating reviews of Indian companies despite a rise in borrowing costs and supply constraints caused by the war in West Asia and the Red Sea crisis. Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, rating agencies said. Major rating companies have recorded more upgrades than downgrades, although the pace moderated sequentially.
01.04 / 21:55
COST
UPS
Fighting
Election
community
Fishing
reports
Some premiers would rather ‘complain’ than make carbon price alternative: Trudeau
Andrew Furey is calling on Prime Minister Justin Trudeau to call an “emergency meeting of leaders from across the country” to talk about potential alternatives to the federal carbon price increasing to $80 per tonne.When asked about the call for a meeting, Trudeau said that provinces have always had the ability to come up with their own alternative plans that include the minimum carbon price.“So, all those premiers that are busy complaining about the price on pollution but not putting forward a concrete alternative that they think would be better for their communities are just playing politics,” Trudeau said at a news conference in Scarborough, Ont.“Every province has the opportunity to put forward its own plan as long as they are fighting climate change to the same level that we’re asking all other Canadians to do. That’s what a federal backstop is.
01.04 / 20:57
COST
UPS
Provident
Death
Morningstar
reports
Courts
Cargo ship's owner and manager seek to limit legal liability for deadly bridge disaster in Baltimore
collapsed last week filed a court petition Monday seeking to limit their legal liability for the deadly disaster. The companies' “limitation of liability" petition is a routine but important procedure for cases litigated under U.S. maritime law.
01.04 / 20:57
COST
security
economy
Pool
Food
country
reports
Food security: Its efficient management is a win for India
₹4.63 trillion. The latest step in this direction, taken in February 2024, has been an enhancement of the authorized working capital of FCI from ₹10,000 crore to ₹21,000 crore. Traditionally, these operations have been financed through food credit.
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