COST Financial News

SAIL plans to start the trial production of head hardened (HH) rails, used in metro rail and freight corridor projects, by month-end, its Chairman Amarendu Prakash said. The steel PSU was earlier looking to start the trial production of HH rails in August but deferred it due to the demand for normal rails like 880 grade from the Indian Railways, Prakash told PTI in an interview. «We have the technology.

Global steel demand needs revival for domestic prices to rise HH rails are special rails used in high-speed freight corridors and metro rail projects. Such rails are manufactured using head hardening technology to bear about 50 per cent higher pressure compared to normal rails. SAIL has set up facilities for the production of HH rails at the new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh, and the cold trials for the same have already been completed.

Tablets at the Spectacular Amazon Festival Sale 2023. As the much-awaited Sale prepares to offer incredible discounts on a variety of cutting-edge devices, get ready for a technological revolution. Lenovo tablets stand out among the impressive lineup, delivering incredible savings of over 65%.

Israel but so far there are no reports of any Indian getting injured or kIlled, just as the government has mounted Operation Ajay to evacuate Indian citizens. That's the immediate threat the conflict poses to India. However, India will be impacted in many serious ways if the conflict drags on or explodes into a bigger war. The conflict could widen as Israel began ground raids inside the Gaza Strip. Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the Palestinian terror group's deadly rampage in southern Israel. Live: The latest on the Israel-Hamas conflict The possibility of Israel-Hamas conflict dragging in many other countries is spooking the economy since any trouble in West Asia will have an immediate impact on oil supply, a frightening prospect after another geopolitical crisis, the Russia-Ukraine war, rattled the world last year disrupting energy and food trade. Given that the global economy is not in good health and the threat of recession looms in the US, the conflict poses a serious threat. How exactly will India be hit by the conflict? It seems a contained conflict that does not last long will not upset India in any significant manner but a longer conflict can destabilise India's economy.

SIP closures has been moving higher every month for the last few months. In April 2023 (at the start of the financial year), the monthly SIP closures were at 13.21 lakhs. Let us understand how you can continue your SIPs for a longer period and make the most of them.

₹10,000 on various devices using HDFC Bank credit cards. Specifically, the iPhone 15 Pro and iPhone 15 Pro Max will get a discount of ₹6,000 when using the HDFC card, while the iPhone 15 and iPhone 15 Plus will get a discount of ₹5,000. Also, the older generation iPhone 14 and iPhone 14 Plus will get a discount of ₹4,000 on HDFC Bank card.

Israel amidst the Israel-Hamas conflict left for home on Saturday, the second in a day and fourth since the launch of 'Operation Ajay'. The special flights are part of the operation launched on October 12 to facilitate the return of those Indian nationals who wish to return home following the brazen attacks on Israeli towns by Hamas militants from Gaza on October 7. The Indian Embassy in Tel Aviv earlier earlier announced that two special flights will operate from Ben Gurion airport on Saturday.

Zhen Hua 15 — a heavy load cargo carrier sailing from the East China sea — unloads at Vizhinjam port this Sunday, it’ll do more than just set down the site’s first gigantic cranes. It’ll also put India on the map for world’s biggest container ships. Located near the southernmost tip of the country, the Vizhinjam transshipment container port — the first of its kind in India that will be inaugurated on Oct.

Q2 Results Outlook: In the struggle of a global economic slowdown, India is witnessing a stroke of fortune. Post initial hurdles, the outlook for FY24 is poised for a gradual, yet promising, transformation. FY23 wrapped up on a subdued note, with subpar earnings growth and soaring valuations.

By Jorgelina do Rosario

Individuals owning multiple vehicles such as private cars as well as two-wheelers can opt for a motor floater policy for convenience, flexibility and lower premium as compared to standalone policies. Such a cover solves the problem of keeping track of the renewal dates of all separate policies and paying multiple premiums.

How to save tax on ESOPs: The Employee Stock Ownership Plan (ESOP) is generally offered by firms as part of the compensation package. With this, the employee receiving ESOPs becomes the owner of a part of the total stocks of the company at a low or no additional costs. Employees are also allowed to encash such ESOPs after a specified period.

In a world where environmental consciousness is paramount, it is no surprise that the automotive industry is making a significant shift towards sustainability. This shift is evident not only in the proliferation of electric vehicles but also in the emergence of green auto insurance. Green auto insurance, also known as electric vehicle (EV) insurance, is a specialised coverage designed for electric vehicles and hybrid cars. As the adoption of EVs continues to grow, understanding green auto insurance becomes crucial.

India’s residential real estate market continues to grow at a rapid pace driven by new property launches, attractive pricing, and strong consumer demand. As per the JLL report in Q2 of 2023, there were 64,500 residential units sold, which is a growth of approximately 4% compared to the previous quarter. Residential sales have consistently reached new highs each consecutive quarter over the last year. Sales in Q2 of 2023 exceeded the previous historical high of Q1 of 2023, making it the highest quarterly sales since 2008. 

Hard Times, a tartly satirical website on music and millennial culture, did a 'story' last year about a punk audiophile, Terry Spinoza, who splurged $2,000 (about ₹1.65 lakh) on a high-end turntable to listen to the authentically muddy sound of 'his collection of poorly produced and recorded LPs'. Both 'Spinoza' and the 'Audio Perfektion' turntable that he purportedly bought are pure fiction, created only as a jibe at wannabe audiophiles and their endless quest to reach sonic nirvana by way of acquiring new (and expensive) gadgets. You must have met a Spinoza or two.

Martin Luther King Jr. was awarded the Nobel Peace Prize, becoming the youngest recipient of the honor. In 1964, Martin Luther King Jr. was awarded the Nobel Peace Prize for his exceptional leadership and nonviolent struggle against racial discrimination in the United States. At the time of receiving the award, he became the youngest laureate in the history of the Nobel Peace Prize.

By Lucy Craymer

blog, “China has gone whole hog for electric vehicles through a generous subsidy program. Each province has its unique scheme; in Shanghai, for instance, they subsidize RMB 15,000 on a RMB 60,000 cost. The manufacturers are also subsidized so there are about 200 manufacturers which produced 27 million EVs last year.

National Party led by Christopher Luxon held a strong lead in New Zealand's general election on Saturday, with 20% of the vote counted. The National Party, which is currently in opposition, had 41.4% of the votes to 26% for the current governing party Labour, according to the Electoral Commission. The conservative National Party's preferred coalition partner, the ACT party, had 9.2%. New Zealand's Electoral Commission said that National and ACT would have 63 of the usual 120 seats in parliament, sufficient for them to form a government without the help of a third minor party. However, the number of seats in New Zealand's parliament can go above 120 if a party wins more electorate seats than is proportional to its share of the party vote.

Israel-Hamas war LIVE updates The second batch of 235 Indian nationals, including two infants, were safely evacuated on Friday. MoS MEA Rajkumar Ranjan Singh received the Indian nationals at the airport. India launched 'Operation Ajay' on Thursday to facilitate the return of those who wish to return home following brazen attacks by Hamas militants on Israeli towns on 7 October.

Global market update: Following a bruising session in Asian stock market, US stock market feel the heat of US inflation jitters. Dow Jones index added 0.12 per cent, S&P 500 indeex lost 0.50 per cent whereas tech heaby weight Nasdaq crashed 1.23 per cent on Friday. European Stoxx 600 index nosedived 0.98 per cent whereas MSCI's broadest index of global equities fell 0.3 per cent.