COST Financial News

By Jihoon Lee

bankruptcy data provider Epiq AACER. According to the data published on Wednesday, the total bankruptcy filings rose to 445,186 in 2023 from 378,390 in 2022.

NEW DELHI : India should explore alternatives to lithium-ion batteries for scaling up electric mobility, the government’s principal scientific advisor Ajay Kumar Sood said, amid a global scramble for critical minerals. Sood, who also chairs the Prime Minister’s Science, Technology, and Innovation Advisory Council specifically mentioned sodium-ion and aluminium air batteries as alternatives to lithium. Mining lithium is yet to take off in India although reserves found in Jammu and Kashmir and Rajasthan make India among the top 10 holders of the mineral.

Prince of Persia series, “Prince of Persia: The Lost Crown” has got its inspiration from its old-school roots. With the date of the release of The Prince of Persia: The Lost Crown, inching closer, many fans are thrilled to start going from one platform to another, avoiding the legendary hazards waiting in this new action-adventure platformer. The game is available on Nintendo Switch, Xbox Series X/S, and PS4/5, but one might be curious to know if they will be swayed into action on the Steam Deck. A bunch of available games turns Steam Deck to be one of the best handhelds that exists, and there is nothing that can beat the ability to include another good-performing game in the ever-increasing library.

(Reuters) — Federal Reserve officials project the U.S. central bank will cut its benchmark overnight interest rate during 2024, but the timing and pace of the reductions in borrowing costs will depend heavily on upcoming inflation and jobs data.

UBS Private Wealth Management financial adviser Sarah Ponczek and Lou Basenese discuss how rising interest rates and inflation are impacting markets on 'Mornings with Maria.'

The disaster occurred partly because of a path-dependent adherence to traditional shipbuilding techniques that couldn't support the heavy artillery. The recently constituted 16th Finance Commission (FC) must avoid the 'Vasa syndrome' of sticking to precedents at the cost of progress. There are three critical areas in which the 16th FC must diverge from its predecessors' path: Resource allocation Initially, the 14th FC proposed an augmentation of states' share in vertical devolution from 32% to 42%.

Adani Ports board approves raising up to ₹5,000 crore via non-convertible debentures The brokerage firm assigned the "underperform" tag for BHEL with a revised price target of ₹80, up from ₹50 previously. Despite a notable 150% rally in BHEL shares in 2023, Jefferies expressed concerns about the industry's overcapacity in a relatively subdued demand environment.

Aluminium has successfully replaced timber in house construction, significantly contributing to the prevention of tree cutting. It is used in aircraft making for its light-weight tensile strength, and the same applies to renewable energy projects. As India witnesses increased government spending on infrastructure, our challenge lies in finding the extent to which aluminium usage can be expanded in these projects.

It’s a new year, and there’s a new rent cap in Nova Scotia.

One of Bracken Darrell’s first stops as CEO of the company that owns Vans was a visit to the son of its co-founder. Darrell inspected the memorabilia in the office of Steve Van Doren, who is the brand’s ambassador, including photos of Warped Tour, a music festival Vans used to sponsor that helped burnish its counterculture status. Since the company stopped sponsoring the tour and similar events, it has lost more young people than any other age group.

Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the world’s most traded stock. The company delivered roughly 485,000 electric vehicles last quarter—a bit better than expected, but worse than its Chinese rival BYD, which sold about 526,000.

With U.S. Federal Reserve officials expecting to cut interest rates in 2024, there are steps investors can take now to prepare.

Intel on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager DigitalBridge Group and other investors. Intel executives would not comment on the value of the deal or whether it would retain a majority stake in the new venture, other than to say the firm would have an independent board of directors and the chipmaker would remain a shareholder.

The Forlers could see their family of five was growing fast and would soon need a bigger place to live. So they started to think farther afield.

printers, renowned for their efficiency and high-quality output, are a wise choice for both professional and personal use. Unlike inkjet printers, they offer faster printing speeds and can handle larger volumes effortlessly. This makes them ideal for environments where frequent printing is common.

₹1,017.90, it is currently down by 49%. Despite this steep drop, the stock's 10-year return stands at 2071%. In its recent analysis, domestic brokerage firm Keynote Capitals has initiated coverage on the company, assigning it a 'buy' rating and establishing a target price of ₹819 per share.

₹24,300 crore of foreign exchange in the supply year 2022-23, said Union Petroleum Minister Hardeep Puri on Wednesday. Public sector oil marketing companies (OMCs) have saved about 509 crore litres of petrol on account of ethanol blending during the ethanol supply year 2022-23, besides leading to an expeditious payment of about ₹19,300 crore to farmers. It is estimated that a net reduction of net carbon dioxide to the tune of 108 lakh metric tonnes was seen during the period.

gold loans have maintained a reasonably resilient market share despite intense competition from banks, according to CRISIL Ratings. That, and support from strong capitalisation, sharp focus on risk management and healthy profitability has meant their credit profiles continue to be stable.Growth in the assets under management (AUM) of gold-loan NBFCs has been driven by three factors: ability to hold on to their customers — as evinced in a steady base; focus on small and mid-size loans; and increasing reach by expanding branch networks.These trends have meant the market share of gold-loan NBFCs has been resilient at over 60% between March 2021 to September 2023 despite strong competition from banks. While NBFCs are known for their servicing agility, banks have focused on borrowers seeking bigger loans and competitive interest rates. On their part, banks have sharpened focus on non-agricultural gold loans for personal use, particularly in the Rs 3 lakh and above ticket sizes, over the past 3 years.

IDFC First Bank, cautioned that going into 2024, manufacturers may get less support from softening prices, which could hurt the industry's profits. “Listed company profits have been strong in 2023, supported by reducing input cost pressures, which has countered the slowdown in nominal sales growth.

Investing.com -- U.S. stock futures point lower on Wednesday after a mostly downbeat start to 2024 in the prior session. Markets are now awaiting the publication of the minutes from the Federal Reserve's December policy meeting and, with it, potential clues into the central bank's interest rate path in the coming months. Elsewhere, sales of Tesla's (NASDAQ:TSLA) China-made cars soar in December, but Elon Musk's electric vehicle giant is still grappling with fierce competition in the country.