COST Financial News

Catch Israel-Palestine War Live Updates here The fallout of Israel-Hamas war on the global economy may take time to become clear but would become more severe if the conflict spreads to the rest of the Middle East, especially Iran, which is both a major oil producer and supporter of Hamas. “It’s too early to say" what the implications may be, though oil and equity markets may see immediate fallout, Agustin Carstens, general manager of the Bank for International Settlements, said in a presentation to the National Association for Business Economics, Reuters reported.

₹350 crore to ₹400 crore a month thanks to this fuel charge, which varies between ₹300 to ₹1,000 per flight, depending on the distance. On the face of it there is nothing exceptional about the fuel charge. In the early 2000s when Kingfisher, Jet Airways and Air Sahara were operational, they levied a fuel surcharge when aviation turbine fuel (ATF) prices shot up and displayed it as a separate part of the airfare.

Auto firms look to speed up as festive season kicks-off The three-wheelers segment saw record breaking numbers. "The segment maintained momentum, setting consecutive all-time high retail records. Sales for September peaked at 102,426 units, marking a staggering 48.58 percent growth YoY; a 5 percent growth month-over-month (MoM); and breaching the 1 lakh units mark," FADA said.

Fortescue Energy chief executive Mark Hutchinson has challenged companies to bring forward their net zero emissions targets and says those with 2040 or 2050 horizons are lazy and not acting urgently enough to rein in climate change.

Victorian Premier Jacinta Allan was warned months in advance that the Commonwealth Games would blow out by billions of dollars due to the event’s spread-out regional model, a parliamentary inquiry has been told.

If the stocks you buy decline, you not only suffer a capital loss, but also end up paying interest on the margin. The dreaded margin call from the broker will force you to exit at a loss. ET Wealth has consistently warned investors that borrowing to invest is not a prudent strategy.

The method adopted by the lender impacts the total interest outgo on the loan. The daily reducing balance method is the most cost-effective option for borrowers because the interest is calculated on the outstanding day-end balance on a daily basis. Even though the interest rate of such a loan will be higher, the total outgo on interest will be lower (see table). Daily reducing balance loans are cheapest Interest outgo on car loan of Rs.10 lakh for five years. As is evident, the daily reducing loan at 8.75% works out to be more beneficial to a borrower, compared to a monthly reducing loan at 8.5%.

BHP chief executive Mike Henry says an unprecedented era of government funding for “critical minerals” ventures risks distorting markets, and governments could achieve a broader benefit by speeding up project approvals rather than giving “sugar hits” to individual projects.

The nation’s energy market operator will urge developers to exploit all available government schemes to get projects into construction, and to work harder on getting the backing of local communities for transmission.

The big four banks have made more than 2000 workers redundant this year as they tighten their belts in response to growing cost pressures.

ASX listed Gold Hydrogen is looking to tap into the potential of hydrogen as an environmentally sustainable fuel, not by manufacturing it, but by extracting it from the ground.

There’s an uncomfortable, hidden truth in all the hype around green hydrogen – the market for it is almost non-existent and is growing at snail’s pace.

NEW DELHI : India and Saudi Arabia on Sunday signed a memorandum of understanding (MoU) on securing a green hydrogen supply chain and cooperation on power grid interconnection. The MoU was signed in Riyadh by union minister for power and new & renewable energy RK Singh and the Saudi minister of energy Abdulaziz bin Salman Al-Saud on the sidelines of the MENA Climate Week 2023.

NEW DELHI : Israel’s declaration of war on Hamas in response to attacks on its territory may cloud New Delhi’s ambitious plans to build an India-Middle East-Europe economic corridor (IMEEC), Indian exporters and trade experts said. The plan to develop shipping and railway links between the three regions was announced as part of the Delhi declaration of the G20 summit in India. Fears are growing in the Indian capital that the war could drive insurance premiums and shipping costs higher as was seen on the trade routes affected by the Russia-Ukraine war last year.

NEW DELHI : Several small-time producers who had created independent web series for streaming services are struggling to find buyers as subscriptions plateau and platforms spend less on content. Unlike feature films, web shows cannot be released in theatres either. Streaming platforms typically commission long-format web series and subsequently spend on production; however, the explosive demand for web content during the pandemic attracted many newcomers, who planned and produced web shows that they could pitch to streaming platforms later.

Additionally, «The Exorcist: Believer» made its international debut with $17.8 million, resulting in a global launch of $45.1 million. Given its $30 million production cost, the 'Exorcist' sequel is in a promising position for its theatrical run. The horror film directed by David Gordon Green is set to hit theaters exactly 50 years after the release of the original «Exorcist,» a cinematic landmark that grossed nearly $450 million at the global box office (before adjusting for inflation). Directed by William Friedkin, the original film was adapted from the novel by William Peter Blatty and featured stars like Linda Blair and Ellen Burstyn. However, «The Believer» recently had to advance its release by one week. This change was prompted by Taylor Swift's announcement that her new concert film, «The Eras Tour,» will have a global premiere on October 13. Both films target a similar audience, particularly younger moviegoers and especially young females. «The Exorcist: Believer,» is rated R by the Motion Picture Association for or some violent content, disturbing images, language and sexual references. Running time: 111 minutes. Two stars out of four.

It’s one thing to work long hours. It’s another to surrender your free time to swirling thoughts of office predicaments and projects hanging over your head. Many of us can’t let work go.

₹29,287 crore during April-September, hitting a peak of ₹198,730 crore on 21 September. Subsequently, RBI’s liquidity operations show that banks have borrowed an average of over ₹125,000 crore every day under MSF for the seven days between 25 September and 1 October.

MRF, Page Industries, or Nestle India is common among investors. However, the high cost of acquiring a whole stake often proves to be a significant hurdle for many aspiring investors.

China’s investment in the Lithium battery industry is seemingly coming back to haunt the country’s smaller battery manufacturers who have invested billions to take advantage of the growing demands as well as the subsidies provided by the government. China’s battery manufacturers are expected to produce 4,800 gigawatt-hours (GWh) of batteries by 2025 while the demand for such batteries is shrinking by the hour. This is not only quadruple of the demand sought by the country’s EV makers, but is also ultimately going to lead to the closure of battery manufacturers that operate in smaller sizes. As per reports from private companies operating in the lithium industry, the production capacity at China’s battery factories is estimated to reach more than twice the demand levels in the country, approximately for 22 million EVs. China, globally accounts for the largest share in processing some of the most essential materials required to produce batteries; such as 65% of the world’s lithium, 74% of cobalt, 100% of graphite and 42% of copper processing units.

Local fund managers seem to agree on five things they want from Virgin Australia boss Jayne Hrdlicka when it comes to the airline’s looming initial public offering.