COST Financial News

By Sarah Wu and Yimou Lee

₹2,745.95, on July 13, 2023. Since then, it has shed 8 percent to currently trade around ₹2,519. However, it has jumped 44 percent in the last 1 year and over 25 percent in 2023 YTD, giving positive returns in 6 of the 10 months so far in the current calendar year.

PVR Inox Ltd post its Q2 financial performance also highlighted the synergy benefits that have accrued to the company during first half FY 24 post merger of PVR Limited and INOX Leisure Limited (INOX) became effective 6 February 2023 PVR INOX said that it is on course to deliver significant portion of merger synergies in FY’24. EBITDA Synergy of ₹124 Crore to ₹143 Crore were visible during the first half FY24 as per PVR Inox.

PREF II will also focus exclusively on completed class-A income-generating commercial real estate leased to multinational and blue-chip tenants in the tech hubs of India. The proposed fund will also have a Rs.

Telecom gear maker Nokia says it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit

Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists

Chinese automakers are winning over drivers as they make major inroads into Europe’s electric vehicle market

Bloomberg Philanthropies unveiled a $50 million initiative Wednesday to help cities address global issues, including climate change, by launching programs proven effective in other cities around the world

New Jersey’s southernmost county has joined with environmental and fishing industry groups in suing the federal government in a bid to overturn its approval of the state's first offshore wind energy farm

The net worth of the typical U.S. household grew at the fastest pace in more than three decades from 2020 through 2022, while relatively low interest rates at that time made it easier for households to pay their debts

Delta Air Lines will move more slowly in tweaking its frequent-flyer program after customers complained loudly about changes the airline announced back in September

Ford is naming longtime executive Kumar Galhotra as its chief operating officer as the automaker continues to deal with an ongoing strike by workers

Washington Attorney General Bob Ferguson’s long-running legal case against the thrift store chain Savers Value Village turned out to be no bargain, as the state has been ordered to pay the company nearly $4.3 million in legal fees

California Gov. Gavin Newsom often touts California's leadership on the national stage

Tesla has reported that its net income slumped in the third quarter versus a year earlier

«We will see that August especially, when the rainfall was at a 100-year low, 36% deficit, that has derailed the rural recovery green shoots, which had started in Q1,» says Abneesh Roy, Executive Director, Nuvama. Let us begin with talking about the overall momentum. Do you think that there is a sense that festive sales, a pickup in rural, all of that will be witnessed across the board? The result season is definitely picking up. Yes, we do expect that in Q3 the momentum should be better. Unfortunately, in Q2 the results which will come out for HUL, Nestle and ITC today, the rural slowdown has impacted them. We will see that August especially, when the rainfall was at a 100-year low, 36% deficit, that has derailed the rural recovery green shoots, which had started in Q1.

By Supantha Mukherjee

Globe-trotting sharemarket influencer Tyson “ASX Wolf” Scholz is being threatened with bankruptcy over a $450,000 debt to the corporate regulator.

For the past seven years, the 55-year-old has run the Chinese unit of fan and motor maker ebm-papst, and business has been good. But, as tensions simmer between Berlin and Beijing, ebm-papst is one of many medium-sized German companies starting to address their reliance on China, concerned at how possible Western sanctions or a future conflict over Taiwan might disrupt trade. Last year, ebm-papst launched a programme called 'Decoupling China' to ensure its Chinese division — which has around 1,900 staff — can operate if cut off from the rest of the company.

Independent federal MP Bob Katter said the Queensland government should “boot” global miner Glencore out of Mount Isa and let other potential owners take over its leases after the Swiss giant announced it wouldclose its copper mines by 2025.

By Richa Naidu