COST Financial News

23.01 / 01:01

COST UPS Manufacturing show 2020 Australia Dec business conditions ease, price pressures cool

SYDNEY (Reuters) — Australian business conditions continued to soften in December as manufacturing and construction lost ground, a survey showed on Tuesday, while price pressures eased markedly in a promising sign for slower inflation.

23.01 / 00:47

markets COST Platform security travelers Schools generative AI Yellow.ai deploys 30% of global generative AI bots domestically

For instance, conversational AI company Yellow.ai, which deployed around 120 GenAI bots for businesses worldwide this financial year, saw about 30% of these deployed in India.

23.01 / 00:47

COST UPS Provident Platform Sustainability Schools Gaming firms offer to pick up tax bill to keep players hooked

online gaming companies including Dream11, Mobile Premier League and Games24X7 are running personalised offers and schemes, in an effort to keep regular gamers and influencers hooked on the platforms amid an increase in tax liability. The goods and services tax rate on real money gaming has been increased to 28% effective October 1. The tax is applicable on the full face value, or the money that a user deposits to participate in a game.

23.01 / 00:47

markets COST UPS Digital Software Schools Revenue-linked financiers bet big on SaaS companies

Revenue-based financiers are increasingly seeing an opportunity in cash-flow based lending in India’s early-stage software startups segment, as equity funding gets expensive and the bar for investment gets higher. Over the past month, revenue-based financiers such as GetVantage and Velocity have set aside a dedicated corpus of Rs 250 crore and Rs 300 crore, respectively, to meet the growing demand for this kind of debt financing in the software-as-a-service (SaaS) industry.

23.01 / 00:41

COST Digital security Align performer Hedera Council's Major HBAR Allocation Boosts Ecosystem and Governance

The Hedera Global Governing Council, overseeing the Hedera network, has recently announced a significant move in the cryptocurrency space. It has approved the allocation of 4.86 billion Hedera (HBAR) — the network's native cryptocurrency — valued at approximately $408 million, aimed at further development and advancing decentralized governance.

22.01 / 23:19

COST CEO Research Courts Investigations International FTX bankruptcy case needs independent examiner, U.S. court rules

A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns about widespread fraud preceding the collapse of the multibillion-dollar cryptocurrency exchange.

22.01 / 22:59

COST UPS Gap show reports Low Higher interest rates are punishing low-income Canadians, data shows

The wealth gap is widening amid higher interest rates, Statistics Canada said Monday, as lower-income households face the steepest challenges from the rising cost of living.

22.01 / 20:55

COST economy STU show reports strain Posthaste: Canadians are showing the strain of their historically high debt

Historically high household debt and the rising cost of living are weighing on Canadians, with a recent poll showing that the use of Tax-Free Savings Accounts has declined.

22.01 / 20:53

COST UPS Man Discover Justice Courts Court rebukes man who transferred home to brother to avoid paying ex-wife

All too often, separated couples go to great lengths to minimize or hide assets that would otherwise be divided in a divorce. When those efforts are deemed to be in “bad faith,” the cost orders imposed by courts can make the financial pain much worse.

22.01 / 20:45

COST Target President cover travelers Destinations Shree Ram Janmabhoomi Darshan Abhiyan: BJP leaders across states to facilitate Ram temple visit

Ayodhya on Monday, BJP leaders in different states will facilitate the darshan of the Ram temple for devotees under the 'Shree Ram Janmabhoomi Darshan Abhiyan'. From today till March 25, the BJP and RSS have estimated that around one crore devotees will visit Ayodhya. And both organisations have made elaborate arrangements to ensure hassle free darshan of Lord Ram. When contacted, BJP national general secretary Vinod Tawde said the party is only acting as a facilitator to ensure the smooth darshan for Ram Bhakts. «We are not organising anything,» he made it clear. Sources said Railways charge a reasonable rate for the train facilities.

22.01 / 20:33

COST UPS Waters Fox Trade Traffic International Global shipping rates skyrocket as Red Sea crisis deepens

Alba Wheels Up International founder Salvatore Stile breaks down the impact that Houthi rebel attacks have had on international and domestic business.

22.01 / 19:33

markets COST Research wellness Universities country Vaccines Solve the horizon problem: Don’t let Big Tech escape regulation

Many professors at my alma mater, the University of Rochester, were legends in the field of financial economics for a variety of reasons. The main reason was that the university was very well-endowed during the heyday of companies such as Eastman Kodak Company, Bausch & Lomb and Xerox Corp, which were all headquartered in Rochester—and thriving—when I studied there in the late 1980s. For decades, they contributed heavily to the funding of the university and its research projects.

22.01 / 19:11

COST UPS economy patient Features Ayodhya's locals hope to cash in on new rush

Ayodhya Cruise Line' jetty comes up at Naya Ghat, with boards advertising rides on a 45-foot long 'Jatayu' cruise ship, costing Rs 300 per person. An Ayodhya Haat nearby, that will feature handicrafts by local artisans, is being given the final touches.

22.01 / 18:31

COST UPS Target Manufacturing Research reports Reliance Industries Ltd rides PLI schemes to close in on $1-1.5/kg Green H2 target

Reliance Industries Ltd (RIL) is getting closer to its target of producing green hydrogen for $1-1.5 per kilogramme on the back of multiple product-linked incentives (PLIs) it has won in the green energy segment, an analyst report said. «These incentives are likely to assist RIL achieve GH2 (green hydrogen) cost of $1-1.5/kg,» Nuvama Research said in a report dated January 20. The cost of GH2 is around $3/kg at present. The country's largest private sector company has secured sops under both rounds of solar modules PLIs — $300 million for 4 gigawatt (GW) in round one and $400 million for 6 GW in round two.

22.01 / 17:19

markets COST UPS Digital security Why do we need regulation for fintech firms?

Mint explains: Fintechs play a pivotal role in India’s financial system by saving time, enhancing access and lowering costs. Nonetheless, there are concerns. India’s fintech industry is largely unregulated and from time to time, issues crop up on data privacy, cyber security, grievance handling and internal governance.

22.01 / 17:19

markets COST UPS wellness Trade track reports Lower input costs, higher sales help Cipla post 32% higher net

₹1,055.90 crore for the December quarter, a 31.82% rise over the corresponding quarter of last year, as per regulatory filings. Revenue during the quarter was up 13.66% YoY to ₹6,603.81 crore. The result was in line with Bloomberg’s poll of analysts tracking the company.

22.01 / 17:19

COST Mobile wellness trends reports Axis Bank Q3 preview: Net profit may rise 6%, NII seen at ₹12,555 crore

Cipla Q3 results: Pharma company reports consolidated net profit of ₹1,056 crore According to estimates by Kotak Institutional Equities, Axis Bank is likely to announce a Net Interest Income (NII) of ₹12,555 crore for the October-December period, reflecting a 8.6 percent increase compared to the previous year. The net profit for Q3FY24 is projected to stand at ₹62,120 crore, marking a 6 percent year-on-year growth. “3QFY24 is likely to be an extension of the theme that played in 1HFY24.

22.01 / 15:21

markets COST UPS Action Trade President War Trump's proposed 10% tariff plan would 'shake up every asset class,' strategist says

Markets need to begin thinking about the structural impact of Donald Trump's proposed 10% tariff increase, which «shakes up every asset class,» according to Rabobank Global Strategist Michael Every.

22.01 / 14:49

COST UPS Google community show Alphabet’s Moonshot X Lab cuts staff, turns to outside investors

Alphabet Inc.’s lab for pioneering technology is laying off dozens of employees as it turns to outside investors to help fund its ventures. The division, known as X, has in recent months ramped up discussions on funding with venture capitalists and other investors, according to people with knowledge of the matter who asked not to be named as it is private. The lab is adopting a new structure that’ll enable its projects to more easily spin out of X as independent startups with support from Alphabet and outside backers, according to one of the people and an email to staff obtained by Bloomberg.

22.01 / 14:23

markets COST Citi Reuters economy reports Layoffs surged 98% in 2023; It could get worse this year

NatWest Markets U.S. head Michelle Girard breaks down the December jobs reports and discusses the impact of the Fed's next rate decision on 'Making Money.'

22.01 / 14:21

COST UPS CEO Mercantile reports recommendations Tamilnad Mercantile Bank recommends names of individuals for MD&CEO post to RBI

Tamilnad Mercantile Bank has recommended the names of three individuals for the post of Managing Director and CEO to the Reserve Bank of India, a top official said on Monday. The Tuticorin-based bank said it has developed a mechanism towards ensuring big fund transactions take place after getting an approval from a concerned officer.

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