COST Financial News

Citi Global Wealth Investments chief economist Steven Wieting discusses the impact of the Fed's inflation strategy on the labor market and overall economy on 'Making Money.'

The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than US$5 billion in the past year from the streaming services they built to compete with Netflix Inc.

In 2019, India recorded approximately 1.2 million new cancer cases and 9,30,000 deaths, securing its position as the second-largest contributor to the disease burden in Asia for that year, as revealed in a recent study published in The Lancet Regional Health Southeast Asia journal.

Uttar Pradesh government has recently rolled out a strategic move to attract Fortune 500 companies to invest in Noida and Ghaziabad. The government has issued a notification, effective immediately, granting a substantial 50 per cent exemption on stamp duty and a full 100 per cent waiver on registration fees for these prominent multinational corporations, a TOI report stated. Typically, stamp duty accounts for 5 per cent of the property cost, while the registration fee is fixed at 1 per cent.

Tesla Power India today announced the launch of ReStore, which it said is India's first and foremost refurbished battery brand. The company is planning to launch 5000 «ReStore Battery Refurbishing Centers» in India by 2025 (500 of which are already operational). The company said that its proprietary EBEP technology significantly extends the lifespan of all types of Lead acid batteries, including tall tubular inverter batteries and UPS VRLA batteries, offering a cost-effective solution that can extend the battery's life by 1 to 2 years by refurbishing them.

HONG KONG (Reuters) — Hong Kong said on Thursday it will not sell any residential or commercial land in the first three months of 2024, citing sluggish market sentiment and high vacancy rates respectively.

man-portable air defence missile system, designed to eliminate hostile aircraft, drones, and helicopters at very short ranges. This development comes as the armed forces are currently inducting a limited number of Russian systems to address operational gaps in the ongoing military standoff with China in eastern Ladakh, a TOI report stated. The indigenous very short-range air defence system (VSHORADS), developed by DRDO to neutralize low-altitude aerial threats within a 6-km range, is expected to undergo user trials by April-May, according to a senior defense official.

By Piotr Lipinski

Penny stock under ₹10: After the announcement of capacity expansion and acquisition of new land, Vikas Lifecare shares witnessed strong buying interest in early morning deals on Thursday. Vikas Lifecare share price today opened upside and went on to touch an intraday high of ₹6.10 apiece levels on NSE, logging an intraday gain of around 18 per cent against its Wednesday close of ₹5.15 per share.

Go First Says Lessors Tactically Using Different Forums Against Airline According to a letter by Go First's resolution professional, the company has been formed "by certain Go First" employees for the "collation of aircraft records/documents". The letter further suggested that Go First, via Naik, could facilitate engagements with Maintenance, Repair, and Overhaul firms (MROs) for necessary aircraft maintenance, based on identified needs documented in the records. While most lessors have agreed to the new development, a lawyer representing one of the lessors, however, raised concerns when speaking to the paper.

Cost of Living LIVE Updates - January 4 As per the Delhi Fire Services, the blaze originated within the director's office situated in the teaching block on the hospital's second floor. An official from the DFS stated that while no injuries were recorded, the fire destroyed files, office records, a refrigerator, and office furniture.

Drugs Controller General of India (DCGI) bans all charges except supply and processing costs on blood units, ANI reported. The decision was taken based on the principle that “blood is not meant for sale", prompting the issuance of an advisory to all blood centers across India.

A decade ago, global fashion companies set out to raise the pay of workers who make the clothes they sell to a living wage. It hasn’t happened. In Bangladesh, the nearly 600,000 people making clothes for Swedish giant H&M—one of the biggest retailers in this space to start talking about paying living wages—earned an average of $119 a month in the first half of 2023, excluding overtime, the latest available data shows.

NOT LONG ago, as interest rates in the rich world hovered near zero, economists debated whether their downward march was the product of a decades-, centuries- or millennia-long trend. Now the burning question is how long they will stay high. On October 18th the ten-year Treasury yield, which incorporates long-term expectations for interest rates and was below 1% as recently as 2021, hit 4.9%, its highest since 2007.

Motilal Oswal Financial Services, robust credit demand is likely to lead to healthy asset under management (AUM) growth for NBFCs in the October-December 2023 quarter. Overall, the brokerage estimates a loan growth of around 20% YoY and 5% QoQ in Q3FY24 for NBFCs. Also Read: Q3 result preview: Building material companies expected to post strong volume growth with margin improvement The extent of NIM recovery envisaged earlier in Vehicle Finance (VF) has not happened as yet because of the sustained rise in cost of funds (CoF), which might now peak by March/June 2024.

personal income tax, particularly in the New Tax Regime, Gupta added. The deduction limit under Section 80D for medical insurance premiums should be increased from ₹25,000 to ₹50,000 for individuals and ₹50,000 to ₹75,000 for senior citizens, reflecting rising healthcare costs.

boarding pass. However, on many occasions, it becomes difficult for you to get the boarding pass without paying an additional fee during the online web check-in process. This happens because the web check-in process has a step where travellers are asked to select a seat where most available seats are assigned a price that they must pay over and above the ticket amount. This looked unfair to most of the air travellers. The issue finally reached Lok Sabha, where the aviation ministry was asked to respond to whether one can get a free seat after paying for the ticket. «Whether it is legal to charge extra amount during online check-in after purchase of ticket and if so, the details thereof,» was the question asked in Lok Sabha on 21 December 2023.

AI) taking centre stage in all industries, ITC is focusing on technology to revolutionse its dairy and beverages supply chain in several ways. Sanjay Singal, COO, Dairy & Beverages, ITC Foods, says digital technologies, including AI-powered sensors and machine learning algorithms, can help monitor and maintain product quality throughout the production process.

IndiGo on Thursday removed the fuel charges after a recent reduction in ATF prices. The fuel charge was introduced in October 2023, following a surge in Aviation Turbine Fuel (ATF) prices.

retirement. Your office colleagues have given you the mementos and the farewell party has been done. You now have no reason to get up early and reach the office on time.

Cost of Living LIVE Updates January 04: 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.