COST Financial News

K-pop, K-dramas and K-noodles, with Indian students increasingly considering South Korea for higher education, according to consultants. The number of Indian students headed to South Korea is set to double in 2024 compared to two years ago, according to Rohin Kapoor, partner, management consulting, BDO. “South Korea has rolled out the red carpet for Indian students by offering attractive scholarship schemes at top universities over the last two years,” Kapoor said. At around 2,000 this year, the number is still just a fraction of the Indian students enrolled in traditionally popular destinations such as the US, UK, Canada and Australia. But the East Asian technology hub is fast emerging as an alternative destination for Indian students, owing to factors such as a large number of courses taught in English, a developed market with ample internship and employment opportunities, pro-international student policies and competitive costs along with a government push to attract overseas students.

By Emma-Victoria Farr

Arbitration is the preferred method of dispute resolution over litigation in the country because of the speed of resolution, confidentiality and cost effectiveness but there is still scope for improvement, a survey has found. Conducted by law firm Khaitan & Co, the survey, which focused on the experience of parties rather than advocates and experts involved in domestic arbitration in the country, asserted that most arbitrations take 24 to 36 months to complete while a majority wanted the exercise to be over within 12 months. According to a press release, a large majority of those covered under the survey 'Current Trends in Domestic Arbitration in India', said they intended to use domestic arbitration in the future for both small and large disputes. «Arbitration is the preferred method of dispute resolution over litigation because of the speed of resolution, confidentiality, cost effectiveness, and process with speed of resolution being the most important. Most arbitrations are taking 24 to 36 months to complete instead of 12 months, which is what parties expect,» according to the findings shared in the release.

Bajaj Group's commitment to investing ₹5,000 crore in Corporate Social Responsibility (CSR) endeavors over the next five years. The upcoming motorcycle will operate on Compressed Natural Gas (CNG), catering to environmentally conscious consumers while offering enhanced fuel efficiency.

Dogecoin and Shiba Inu, leading the pack, boast market caps of approximately $22 billion and $16 billion, respectively, making them some of the most valuable projects in the crypto sphere. Amidst this frenzy, Solana has emerged as a key player with its vibrant ecosystem of meme coins, likened by many to a digital asset casino.

Mumbai news: Ace Indian investor Rekha Jhunjhunwala, wife of late Rakesh Jhunjhunwala, has purchased a luxury apartment in South Mumbai. The luxury apartment is located in the Walkeshwar area of South Mumbai. As per the property registration documents accessed by IndexTap.com, Rekha Jhunjhunwala bought the luxury apartment paying around ₹11.76 crore.

gold in the last one week has been -1.45% .whereas in the last month it has been -5.29%. The cost of silver is Rs.76500.0 per kg down by Rs.2100.0 per kg. Gold Rate Today in Delhi is ₹67395.0/10 grams.

Apple is winding down a project to design and develop its own smartwatch displays, Bloomberg News reported on Friday, citing people with knowledge of the matter. The plan was shelved due to high costs and complexity, and Apple is now reorganizing the teams that handled display engineering and eliminating several dozen roles in the United States and Asia, according to the report.

MDBs) to share their project implementation expertise and help draw the road map for becoming a developed nation by 2047. The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a «budget-plus and finance-plus» strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. The ministry wants these MDBs — such as the World Bank and the Asian Development Bank — to also help develop strategies to reduce time and cost overruns, and enable knowledge and technology transfers, among others, they said.

copyrights, trademarks and patents in technical textiles, which are meant for non-aesthetic purposes. The textiles ministry has proposed 10 years of exclusive rights for the industry to commercialise the intellectual property (IP) if their funding contribution is at least 50% in projects funded under the National Technical Textiles Mission (NTTM). Similarly, the industry would get exclusive rights for two years for contributing at least 10% in the projects. As per the draft rules, the IP of the research outcome will generally vest with the host institution on behalf of the ministry. For all Indian patents, the government will have march-in rights, including the option of compulsory licence, in case of any exigency arising for the patent and technology to protect the interest of public, it said. The ministry has sanctioned 137 projects valuing around ?474 crore under the NTTM.

Also Read: Germany deputy foreign minister 'optimistic' about multi-billion dollar submarine deal with India The Bundesbank has also highlighted that Germany is probably in a six-month slump, though it’s made a point of saying a severe downturn is unlikely. The Economy Ministry said most research institutes “expect GDP to fall again in the first quarter of 2024." “Despite positive trends in industrial production, construction and foreign trade at the start of 2024, a noticeable economic recovery isn’t yet in sight," it said in its monthly report.

Mumbai: Promotions handed out like candy may be a thing of the past, as companies that rushed to retain and motivate talent at a time of hiring frenzy take a closer look at the practice as attrition falls. Consultants and companies said that fintechs, BFSI firms and startups which had frequently used promotions as a retention tool are finding that it has hurt internal parity and raised employee costs. In the last fiscal year, promotions were used to retain middle and senior level executives with institutional knowledge and client relationships, consulting and audit firm Deloitte said in a report.

Hermes is facing a class-action suit in California for 'forcing' customers to buy more of its accessories and trot up a 'sufficient purchase history' if they hope to purchase the French luxury design house's iconic Birkin bag. The plaintiffs are arguing this is anti-competitive behaviour that coerces consumer behaviour to become eligible for a 'sale'.

pollution led to more than 2.3 mn premature deaths in India. Such an environmental crisis makes a mockery of the 'ease of living' index and is no help to any 'ease of doing business' index either. Air pollution impacts a significant proportion of the global population. In 2022, WHO pointed out that almost 99% of people breathe air that breaches its standards. As India gears up for a higher growth trajectory to build a ₹5 tn economy, substandard air can derail the India story in multiple ways. When people are ill, productivity plunges, absenteeism increases, healthcare expenses rise and savings fall. Women, socially entrusted with care-giving tasks, are compelled to take leave to look after impacted family members. They could even drop out of the workforce.

A study by an environmental scientist and the European Central Bank finds that food prices and overall inflation will rise as temperatures climb with climate change

Insurance giant State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer

The Egyptian government has raised fuel prices in a move that is bound to exacerbate inflationary pressures on an already-struggling population

The decision by Nike to change the color of the St. George’s Cross on the new England men's soccer shirt from the traditional red and white is causing controversy

Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles

Change in trade route: Container ships routing through the Suez Canal are shunning and rerouting around the Cape of Good Hope. By the first half of February 2024, container tonnage crossing the Canal fell by 82 per cent, and vessel tonnage passing through the Cape of Good Hope increased by 60 per cent. • Increase in the distance and operational shift due to rerouting of ships: The extra miles travelled and days lost due to trade diversion has translated into additional costs such as fuel costs and lost value of time-sensitive cargo.

Gold and silver prices Today on 22-03-2024 : Check latest rates in your city Back home, gold prices plummeted by ₹875 to reach ₹66,575 per 10 grams in the national capital on Friday, influenced by subdued trends in global markets. In the preceding trade, the valuable metal had reached a settlement price of ₹67,450 per 10 grams. The rise in the dollar pushed it to its highest level in a month, thereby increasing the cost of gold for holders of other currencies.