COST Financial News

Cost of Living LIVE Updates January 12: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said Thursday. The drop in value is a blow to the company's efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric vehicles the company owned were also more likely to be involved in collisions, Hertz said, and they proved costly to repair. The company said it planned to buy more gasoline-powered vehicles to replace the 20,000 battery-powered cars it was selling. «Certain of these EVs became uneconomical for us,» Stephen Scherr, Hertz's chief executive, said in an interview on Thursday.

Every property buyer, being a resident individual, is required by law to deduct tax from the amount (price) he pays to the seller. However, where the seller is a tax resident in India, the TDS compliance is applicable only if the sales consideration exceeds Rs 50 lakh.

New Delhi: India’s G20 Sherpa and former NITI Aayog chief executive Amitabh Kant emphasized the country's strategic shift towards a circular economy, citing its potential to foster environmental conservation, economic growth, and job creation. Speaking at the ‘FICCI Circular Economy Symposium’, Kant set forth an ambitious target for India to reduce the cost of green hydrogen production to $1 per kg by 2030, down from the current rate of $4.5 per kg. Kant underscored the urgency for India to accelerate its growth rate from the current 7.5 percent to between 9 and 10 percent per annum in the coming years, with a particular focus on renewable energy and green hydrogen.

₹17,840 crore. Atal Setu is the longest bridge in India and also the longest sea bridge in the country. The bridge is about 21.8 km long six-lane bridge having about 16.5 km length over sea and about 5.5 km on the land.

Ajay Bagga, Market Expert, says “some of the NBFCs have a lot going in the rural economy where the demand has still not picked up. So, I am a little circumspect on this NBFC segment. I think margins will come down and the growth trajectory of revenues as well as profits will come into single digit this year. I think that is the anticipation.” Fundamentally, how is Shriram Finance looking? Where do you see it headed from here on now? Ajay Bagga: I do not talk about particular stocks, but I will take it to the broader NBFC sector. We are expecting revenues and margins to go down over the year. The growth trajectory to go down. Single digit growth in profits. So, the kind of run up today we are seeing in some select NBFC counters, we should be cautious about it. The cost of capital is increasing and the margins are under pressure. RBI has been putting pressure as well on certain segments of the NBFCs.

Narendra Modi will inaugurate the Mumbai Trans Harbour Link (MTHL) on January 12, 2024, marking a significant milestone in India's infrastructure development. The bridge, now named 'Atal Bihari Vajpayee Sewari-Nhava Sheva Atal Setu', is not only the longest sea bridge in India but also ranks 12th longest globally. "I look forward to being among the people of Maharashtra tomorrow, 12th January, which is also the Jayanti of Jija Mata and Swami Vivekananda.

Q3 results today: Despite speculations about a global slowdown, Indian companies reported strong quarterly results in the April to June 2023 quarter. The performance improved further in the July to September 2023 quarter after a better-than-expected recovery in the Indian economy. The Indian economy has managed to keep inflation under control throughout the year, which is expected to fuel industrial and other demands in India.

₹30,500 crore during his visit to Maharashtra.He will inaugurate the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu built at a cost of about ₹17,840 crore. Atal Setu is the longest bridge in India and also the longest sea bridge in the country.Join us to read the LIVE updates on PM Modi's visit to Mumbai on 12 January:The maximum speed limit for four-wheelers on the Mumbai Trans Harbour Link (MTHL) will be 100 kmph.The speed will be restricted to 40 kmph on the ascent and descent of the bridge.There will be no entry for vehicles like motorcycles, mopeds, three-wheelers, autos, tractors, animal-drawn vehicles and slow-moving vehicles.PM Modi will also lay the foundation stone of the underground road tunnel connecting Eastern Freeway's Orange Gate to Marine Drive.

BEIJING (Reuters) — China's exports grew 2.3% in December from a year earlier, customs data showed on Friday, adding to signs global trade is slowly turning a corner with the prospect of lower borrowing costs on the horizon, but deflationary pressures still loom.

online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the ecommerce giant's businesses this week as the technology industry continues to shed roles in the new year. In a memo sent to employees Thursday, Audible CEO Bob Carrigan said the company is in good shape, but faces an «increasingly challenging landscape.» «We did not take this route without considerable thought,» Carrigan said. «But getting leaner and more efficient is the way we will need to operate now — and in the foreseeable future — in order to continue delivering best-in-class audio storytelling to our customers around the world.»

Tata Consultancy Services (TCS) said its consolidated net profit rose 2% on-year to Rs 11,058 crore in the December quarter even as its closest rival Infosys recorded a 7.3% decline at Rs 6,106 crore, due in large part to an unprecedented cyber-attack as well as hefty wage hikes. The muted YoY numbers found an echo in the sequential performance, with TCS reporting a 2.5% QoQ drop in profits in the third quarter of fiscal 2024, while that of Infosys declined 1.7%. Meanwhile, revenue dropped 0.4% sequentially for Infosys, while it rose 1.5% for TCS.

Atal Setu in Maharashtra today, December 12, Friday. Built at a cost of about ₹17,840 crore, Atal Setu is the longest bridge and also the longest sea bridge in the country. 1) The prime minister’s vision is to improve the ‘ease of mobility’ of citizens by strengthening urban transport infrastructure and connectivity.

Tata Consultancy Services: The country's largest IT firm's net profit improved 2.7% sequentially in the December quarter, and by 7% from a year earlier, to $1.41 billion. TCS reported revenue of $7.28 billion for the third quarter, representing a 1% sequential increase and a 2.9% increase from the same period a year earlier. Infosys: The firm's revenue totalled $4.66 billion, a 1.2% sequential decline and only a 0.1% improvement from the year-ago period.

Real estate company TARC Ltd, listed on NSE & BSE, has announced the launch of its ultra luxury residential project in New Delhi. The company plans to invest close to Rs 1200 crore in this high-rise project, named TARC Kailasa, which will be centrally located on main Patel Road.

The number of new class-action lawsuits involving 401(k) plans dropped last year, but settlements in that line of litigation reached a record high.

TCS and Infosys reported a sustained new deal momentum during the seasonally weak December quarter amid economic uncertainties in key markets of the US and Europe. In addition, each of the companies continued to show lower employee attrition and falling headcount which reflects the muted demand outlook in the short term despite fresh deal wins.

The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation

(Reuters) — Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto insurance.

Finals Season 1 Battle Pass for the FPS team-based title from Embark Studios, «The Finals,» is now accessible, offering a mix of free and premium rewards.

The U.S. ambassador to Serbia says the United States has received Kosovo’s request for the purchase of Javelin anti-tank missiles