COST Financial News
25.01 / 19:55
25.01 / 19:39
25.01 / 18:41
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Six business jets on way to Adani Group
₹300 crore to buy all six aircraft," said a top executive at a private jet operator company on the condition of anonymity. “The plane can fly to any part of the country and can also land on difficult runways under difficult conditions. So, it is an apt aircraft for domestic usage." The executive added that if the company had decided to buy new airplanes, six new Pilatus PC-24 would have cumulatively cost around ₹450 crore.
25.01 / 18:38
COST
UPS
President
students
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Germany, Japan or Korea? Indian students look beyond Canada
₹8-11 lakh, whereas a master’s programme costs ₹15 lakh," said Ankur Dhawan, the president of upGrad’s international arm, upGrad Abroad. “Canada has also upped the guaranteed investment certificate (GIC) from CAD $10,000 ( ₹6 lakh) to CAD $20,635 ( ₹12 lakh). Students will have to look at more options in Europe now." A GIC acts as a proof that the student has the means to live and pay for expenses in Canada.
25.01 / 18:38
COST
UPS
Citizens
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Experts
cover
hospital
Why senior citizens require deductibles in health plans
₹10 lakh sum insured at a premium of ₹30,500. But when she renewed the policy a year later, the premium had jumped a whopping 57% to ₹48,000. “The insurer had warned us about the premium hike because of the age slab changes that happen when you turn 61 but I didn’t expect it to be this high," says Pathak.
25.01 / 17:37
markets
COST
Food
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India begins commercial export of pomegranates to the USA
India has begun commercial export of pomegranates to the USA after it lifted the export ban in 2022. The government expects this move to open a big market for the Indian pomegranates, a fruit which is being increasing preferred by consumers across the world for its health benefits.
25.01 / 17:37
markets
COST
security
Strategy
economy
CME
Gold gains as US Treasury yields drop after US GDP data
Gold edged higher on Thursday as Treasury yields fell after US GDP data highlighted that pace of inflation fell, while focus shifted to PCE data for further hints on the Federal Reserve's interest rate cut strategy. Spot gold rose 0.5% to $2,022.84 per ounce by 10:14 a.m. ET (1514 GMT).
25.01 / 17:25
COST
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As Canada announces 2-year cap, a lowdown on overseas study options for Indian students
Canada has recently announced a two-year cap on new international student visas amid an escalating housing crisis, a move likely to impact Indian students. Nearly 40 percent of the total number of international students in Canada are from India. Among all the foreign destinations, Canada ranks at number one for Indian students studying overseas.
25.01 / 17:09
25.01 / 16:58
COST
security
Parke
awards
SJVN bags 100 MW solar project from Gujarat Urja Vikas Nigam
SJVN Ltd on Thursday said it has bagged a 100 MW solar project under an e-reverse auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL). SJVN bagged the 100 MW solar project at the rate of Rs 2.54/unit on a build-own and operate basis through a tariff-based competitive bidding process of GUVNL Phase XXI, a company statement said.
25.01 / 16:58
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US dollar up slightly after GDP data; euro falls after ECB, Lagarde comments
dollar edged higher on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter, suggesting the Federal Reserve would be in no rush to cut interest rates amid a generally stable economy. The dollar index, a gauge of the greenback's value versus six major currencies, was last up 0.1% at 103.37. The euro, on the other hand, fell against the dollar, after mixed comments from European Central Bank President Christine Lagarde.
25.01 / 16:58
COST
Progressive
Manufacturing
Assurant
concert
Union minister R K Singh says if required, more funds can be given for transport sector under green hydrogen mission
R K Singh on Thursday assured stakeholders that if required, additional funds will be allocated under the National Green Hydrogen Mission for the decarbonisation of the transport sector. Chairing a meeting of government and industry stakeholders from the transport sector in the national capital, he emphasised the government's commitment to energy transition and India's Nationally Determined Contributions (NDC) commitment to reduce emissions intensity.
25.01 / 16:23
25.01 / 15:41
markets
COST
UPS
track
reports
Cipla plans to launch diabetes and obesity drugs
₹1,514.4 crore in 2022, and it is projected to reach ₹2,762.7 crore by 2028, demonstrating a noteworthy compound annual growth rate, or CAGR, of 10.6% during the period from 2023 to 2028. While India’s diabetes care drugs market size is estimated at $1.7 billion in 2024, and is expected to reach $2.01 billion by 2029, growing at a CAGR of 3.5% during 2024-2029, according to Mordor Intelligence, a market intelligence and advisory firm. The company is also reported to be in dialogue with multinational corporation Eli Lilly for its GLP-1 class of drugs.
25.01 / 15:41
COST
IPO
CEO
performer
reports
testing
Flipkart to lay off 5% or 1,000 employees as part of annual performance review: Report
Moneycontrol on January 25. The Bengaluru-based e-commerce giant had around 22,000 people on its payroll, including employees from e-commerce fashion portal Myntra. According to the report, Flipkart undertakes these performance-based job cost cuts every year and this fresh reduction is just a regular process.
25.01 / 15:37
25.01 / 14:26
25.01 / 14:26
COST
UPS
Platform
economy
show
social
Department
U.S. economy grew by 3.3% in fourth quarter
Investing.com — The U.S. economy grew at a faster than anticipated rate in the fourth quarter, as activity remained robust even as it shows signs of slowing back down to a pre-pandemic pace.
25.01 / 14:25
markets
COST
Target
trends
President
record high
ECB leaves rate at record high, notes fall in underlying inflation
FRANKFURT (Reuters) — The European Central Bank left its key interest rate at a record-high 4% on Thursday and noted underlying inflation had continued to fall, also thanks to high borrowing costs.
25.01 / 14:25
markets
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play
S&P 500 Rally Starting to Look Overstretched: How to Play a Possible Correction
The S&P 500 has hit four new all-time highs in as many days. Wednesday’s rally ran into a bit of trouble late in the day, which saw the major indexes give back all or most of their earlier gains.
25.01 / 14:09
markets
COST
economy
President
country
ECB leaves key interest rates steady at record 4% for third straight meeting
FRANKFURT, GERMANY : The European Central Bank left its key interest rate untouched at a record-high 4% on Thursday, keeping credit expensive for businesses and consumers as it tries to make sure inflation is firmly under control before cutting borrowing costs — a move expected later this year. The question is, how much later this year. Financial markets are expecting a rate cut as early as April, while ECB President Christine Lagarde has indicated it likely would happen this summer.
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