COST Financial News

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OMCs) have not been in talks with the Centre on possible fuel price cuts, Oil Minister Hardeep Singh Puri said on Wednesday. “First of all, all these media reports were not only speculative, but I would also turn around and say, slightly mischievous. I have clarified there has been no discussion with OMCs on any such issues. We are in a very highly turbulent situation.

Finland will have to show more funds in thei bank accouts to be eligible for a Schengen visa. Effective from the new year, the Ministry for Foreign Affairs in Finland has implemented new regulations impacting short-stay travelers requiring Schengen visas. Travelers will now have to show a minimum of 50 euros for each day spent in Finland, marking an increase of 20 euros from the previous requirement. This 66% hike comes in response to escalating living costs, the ministry said. A Schengen visa serves as an entry permit for short-term or temporary visits, granting individuals access to travel within the Schengen area, encompassing multiple European countries. Along with the increased financial requirement, Finland has introduced a new proof of sponsorship or accommodation scheme. This initiative allows visa applicants to use the financial resources of their hosts in Finland to meet the stipulated funds requirement. Under this arrangement, hosts are required to complete the sponsorship form, which the visa applicant must include along with the rest of the application. This provision aims to enhance the transparency and accountability of financial arrangements for those seeking short-term stays in Finland.

Paying for health care is increasingly straining US adults as escalating medical costs converge with rising prices throughout the economy.

LPL Financial is empowering its advisors to retain tax planning business in-house rather than referring clients to external services – and to leverage an outsourced CFO in their business.

By Allan Lanthier

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, upgraded its leasing guidance to 6.5 mn sqft of office space in FY24, despite global financial turmoil and corporates reassessing their real estate portfolio. “We have successfully leased 3.1 mn sq ft, and the outlook for the full year looks promising, bolstered by a record leasing pipeline of 2.5 msf. We are also very pleased to further strengthen our long-standing partnership with one of our largest clients at Embassy GolfLinks.

Unilever and Nestle disappointed investors with weak third-quarter sales volumes, but that could change in the coming months as price increases moderate. Companies have hiked prices since the COVID-19 pandemic to make up for higher costs, prompting some shoppers to look for better deals. The slide in sales volumes of big brands only grew worse after the Ukraine war sparked a cost of living crisis. Top U.S.

One of Victoria’s two ministers responsible for the 2026 Commonwealth Games has revealed she never read the original business case for the event.

challans were issued to vehicle owners in India for violating traffic rules. These violations amounted to an outstanding sum of Rs 4,654.26 crore. While this may be a significant source of revenue for the ministry, it also highlights the alarming prevalence of traffic violations across the country on a daily basis. Despite the increase in fines imposed on various traffic violations over the years, data indicates that the problem continues to worsen.

Mercedes-Benz said a «brutal» electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, as third-quarter earnings fell. The luxury carmaker said it remained committed to its EV targets, but could bolster earnings with better returns from its combustion engine portfolio if margins on EVs remained lower than previously assumed, its chief financial officer said on an analyst call. With some traditional players selling battery electric vehicles below the level of internal combustion engine cars despite their higher production costs, «this is a pretty brutal space,» Harald Wilhelm said. «I can hardly imagine the current status quo is fully sustainable for everybody,» he said. Discounts offered on some models in Germany in the fourth quarter did not represent an overall shift in the carmaker's pricing strategy of keeping prices high to focus on boosting margins over volume, Wilhelm said. Mercedes shares had slid more than 6% by 0733 GMT to their lowest in almost a year, and were the biggest fallers on the euro zone blue-chip index.

Wesfarmers boss Rob Scott said strong wages growth unmatched by corresponding productivity gains is one of the factors that could influence the Reserve Bank to raise interest rates before Christmas.

Asian Paints released its Q2 FY24 numbers, with a 53.28% YoY surge in its consolidated net profit at ₹1,232.39 crore. During the same period last year, the company had reported a net profit of ₹804 crore. Seen sequentially, the net profit dropped 21.77%.

decisions, manage risk, and fine-tune their operations. These platforms offer a window into the business's financial health, its creditworthiness, and its payment history, making them vital in today's fast-paced and fiercely competitive market. One of the primary ways credit and payment reporting platforms impact business decisions is by providing a comprehensive assessment of a company's creditworthiness.

₹38 per kg, which is a 58 percent increase from ₹24 per kg two weeks ago. In the National Capital Region, retail prices of onions have risen by 25-50 percent. Currently, onions are being sold at ₹50-70/kg.

M3M plans to deliver six projects in FY24 spread across 6.5 million sq ft and with a construction cost of Rs 3,250 crore. In the first half of FY24, M3M India has delivered two residential projects — M3M Heights and M3M Flora68, and one commercial project M3M Skylofts, comprising about 2.5 million square feet of space with a construction cost of Rs1250 crore. In the second half, the company aims to deliver 3 more projects – M3M Atrium57, M3M Solitude and M3M Lofts74, comprising about 4 million square feet of space with a construction cost of Rs 2000 crore. Last financial year, M3M India had launched a number of new retail and residential projects including — M3M Capital residential project, and a kilometre-wide retail project – M3M Capital Walk, both on the Dwarka Expressway as part of Smart City Delhi Airport vision. The company also launched premium retail projects M3M Jewel on MG Road, right on the IFFCO Chowk in Gurugram, and M3M Route65 on Golf Course Extension Road.

The European Central Bank is likely taking a break from interest rate increases

Cement and asphalt group Boral, which has been pressured by some investment funds after dialling back its 2025 carbon emissions targets, averted a strike at its annual meeting on Thursday.

Big four consulting firm KPMG has cut another 100 staff after making 200 redundant in February, rival Deloitte has cut dozens, and 78 staff at PwC face an uncertain future after their planned move to spin-off Scyne was scrapped.

Antony Catalano and his billionaire backer, Alex Waislitz, are attempting to stop ARN Media’s purchase of Southern Cross Austereo, hoping instead to merge the television and radio group with their own publishing operations.

Meta on Thursday said that its revenue from Click-to-Message ads in India has doubled year-over-year (YoY) as it continues to push WhatsApp business messaging in its largest market. CEO Mark Zuckerberg reiterated that business messaging continues to grow and will be the next major pillar of the social media giant’s business.