COST Financial News

Ola Electric has reportedly sold 10,000 electric scooters in just three days after it announced a price cut, according to a report of Moneycontrol. Ola slashed the prices of S1 X+, S1 Air, and S1 Pro last week.

In Canada, renters are more likely than homeowners to experience a lower quality of life, including financial distress and loneliness, according to a new Statistics Canada report.

Bengaluru has more reasons to cheer for. The Silicon Valley of India is set to get more public charging stations soon. As per reports, Bangalore Electricity Supply Company Limited (BESCOM) has awarded a tender to Reliance BP Mobility Limited for settin up of 225 public charging stations across Bengaluru. As per the tender, 150 charging spots will be in Bengaluru city while 75 in Bengaluru rural. “We had awarded the tender for setting up the charging infrastructure to Reliance BP Mobility Limited in October. They have agreed to set up 150 charging stations in Bengaluru city and 75 in Bengaluru rural. Currently, a survey is ongoing to identify the land for setting up the infrastructure. Once the survey is completed, they will sign a 10-year lease contract with the land owing agency. Reliance will call the bid for INR 2.19 per unit,” a senior BESCOM official was quoted as saying by the Times of India.

Vedanta and Taiwan-based Innolux can begin mass production of LCD displays in India in 18-24 months after receiving government approval, a senior official of Innolux said. Vedanta has formed a joint venture with Innolux as a technology partner to set up a display screen manufacturing unit at an estimated cost of USD 3-4 billion in the country. The JV has submitted the proposal with the Ministry of Electronics and IT (Meity) under the programme for semiconductor and display fab ecosystem for incentives. Innolux President and COO, James Yang, who has an experience of project rollout, told PTI in an interview that the JV can begin the first phase of mass production of LCD displays within 24 months.

FOX Business' Jeff Flock reports from a produce processing center in Philadelphia, where business is getting squeezed by inflationary costs.

In the dynamic world of cryptocurrencies, cloud mining has emerged as a popular method for individuals to participate in mining operations without the hassle of managing hardware or technical complexities.

Coal India Ltd’s (CIL) realization from coal sold through the e-auction route picked up sequentially in the three months ended December (Q3FY24), after falling for four straight quarters. The e-auction premium over coal sold through fuel supply agreement (FSA) prices stood at 117% in Q3 against 84% in Q2 aided by higher global coal prices. But it’s too soon to rejoice this as e-auction realization are poised to drop sequentially in Q4.

inflation rate has edged up and down over the last several months after dropping from its 2022 highs as global price pressures fade and the economy cools.Statistics Canada is set to release its January consumer price index report on Tuesday and forecasters expect Canada’s inflation rate fell. RBC, CIBC and TD all project the annual rate eased to 3.2 per cent, down from 3.4 per cent in December.Nathan Janzan, RBC’s assistant chief economist says the slowdown was likely driven by energy and food prices.“Gasoline prices were lower than a year ago in January and food price growth probably continued to slow on a year over-year-basis,” he said.“I think the attention will be more focused on the other components of CPI, just watching for signs that broader inflation pressures are continuing to slow, if only at a gradual pace.”As high borrowing costs cause consumers and businesses to pull back on spending, inflation is expected to slowly inch closer to the two per cent target by the end of the year.But unlike what’s typical when interest rates rise, the housing market won’t be helping the economy slow.

UPI for Non-Resident Indians (NRIs). He highlights the ease of sending funds for critical and immediate needs like healthcare and education, even from thousands of miles away. Traditionally, NRIs have relied on various methods to send money back to India, each with its own set of complexities and limitations.

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors digested a bigger-than-expected cut in China’s benchmark lending rate amid persistent concerns of slowing growth, while Barclays soared after announcing a strategic overhaul. 

Investing.com — Capital One Financial (NYSE:COF) has said it will acquire credit card company Discover Financial Services (NYSE:DFS) in an all-stock, $35 billion deal, marking one of this year's largest deals and Capital One's largest deal in its history.

₹57,881 crore). More than 75 per cent of elderly people in India suffer from chronic diseases and these figures indicate the potential of the home-based care market in India.

Coal India share price corrected more than 4.0% in the intraday trades on Tuesday. The Coal India stock that has scaled 52-week highs of ₹487.75 on 16th February after having more than doubled from 52 week lows of ₹207.75 on MArch'2023, has given up some parts of the gains. The volume outlook for Coal India remains strong as was highlighted by the management during the recent investor presentation on 19th February.

Also Read: Stocks to buy: NCC, Talbros Automotive among three fundamental stock picks by HDFC Securities “Banks will choose better yield retail lending over tightly priced corporate loans to utilize the available liquidity at an optimum level. We believe RoA for private banks has peaked out, resulting in a consolidation phase for stock prices, which should stay till spread expansion materializes," said InCred Equities analysts Jignesh Shial and Rishabh Jogani in a report. The analysts believe public sector banks (PSBs) are better placed on the liquidity front compared to private sector banks with their lower loan-to-deposit ratio (LDR) and higher liquidity coverage ratio (LCR).

airlines’ biggest trade group implored oil producers to make more low-emissions aviation fuel, warning the future of commercial air travel depends on the industry’s successful decarbonization. Sustainable aviation fuel is the best available tool for cutting emissions, International Air Transport Association Director General Willie Walsh said at an aviation summit in Singapore Monday. Demand for the cleaner-burning fuel far outstrips supply, even though it can cost three to five times more than conventional jet fuel. “Every bit of fuel that gets produced would be used because this is an existential issue,” Walsh said. “This industry will not be allowed to grow unless we can prove to our customers, regulators, governments, people in general, that we can grow in a sustainable manner.”

cocoa market I was in Yamoussoukro, the colossal capital city of Ivory Coast. “The problem with cocoa is that’s a poor man’s crop,” explained my dining companion, a government official-turned-businessman. “Do you see any commercial plantation around here? No,” he said. “And do you know why? Because prices aren’t high enough.” Only because millions of West African farmers saw cocoa as their only way to escape abject poverty, the world had plentiful supply and low prices. As a result, you and I have been enjoying the pleasures of chocolate on the cheap for decades.

Houthi attacks on merchant shipping continue to disrupt international trade, driving more cargoes to Asia. Flows to the European Union and the UK plunged as higher freight costs stoked by the ongoing turmoil in the Red Sea, as well as unplanned refinery maintenance in Asia, made trade economics better for sending cargoes east rather than west.

If investing is about pouncing at the point of maximum pessimism, lithium stocks must be worth a fresh look. The metal used to make electric-vehicle batteries has given investors whiplash. Prices rose rapidly in 2021 and 2022 before falling even faster in 2023.

Sensex gained 281.52 points, or 0.39%, to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. “Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth.

PM Modi to visit Jammu and Kashmir on Feb 20, to initiate 'Viksit Bharat' plans Established at a cost of over 1660 crore and in an area spanning over 227 acres, the hospital is equipped with facilities like 720 beds, a Medical College with 125 seats, Nursing College with 60 seats, AYUSH Block with 30 beds, residential accommodation for faculty and staff, hostel accommodation for UG and PG students, a night Shelter, Guest House, Auditorium, Shopping Complex, etc. The state-of-the-art hospital will provide high-quality patient care services in 18 Specialities and 17 Super Specialities including Cardiology, Gastro-enterology, Nephrology, Urology, Neurology, Neurosurgery, Medical Oncology, Surgical Oncology, Endocrinology, Burns and Plastic Surgery.

NEW DELHI : Bosch Ltd is looking to boost investments in R&D and increasing local production of components such as hub motors used in electric two-wheelers (e2w), a top company official said, as adoption of green mobility widens in the world’s fifth-largest economy. The local arm of Germany’s Bosch GmbH also aims to expand its research and development efforts for passenger car electrification in India. “We are looking at continued investments in the passenger car segment.