COST Financial News

MANILA (Reuters) — Philippine inflation quickened for a second straight month in September due to increases in food and transport costs, the statistics agency said on Thursday, opening the door to further central bank interest rate hikes.

₹12,600 crore. To be built at a cost of about ₹100 crore in Jabalpur, the ‘Veerangana Rani Durgavati Smarak aur Udyaan’ will be spread over nearly 21 acres.

Former BHP finance boss Peter Beaven says better technology will play a role in improving productivity but will not alone solve the cost challenge that sends many start-ups overseas and undermines Australia’s ability to add value to its critical minerals.

MUMBAI : ShareChat, the short-video platform backed by Google Llc, is seeking fresh investments that would value the social-media company at $2.2 billion, marking a 55% drop from the valuation it secured last year, two people aware of the development said. “The company is looking at a bridge round of around $40-50 million in primary capital," said one of the people mentioned above. However, a third person close to the founder said it would be a growth equity round as the company is getting closer to breaking even.

New Delhi: President Droupadi Murmu on Wednesday reminded businesses and professionals about India’s tradition of ethical wealth creation and appealed to business that their goal should not only be economic development but also social development and justice. Speaking at an event in the capital to mark the 55th foundation day of Institute of Company Secretaries of India (ICSI) , the President cited the works of Saint Thiruvalluvar and Kautilya and said that ethical wealth creation has always been praised and encouraged in India.

LONDON (Reuters) — British services companies suffered a less severe downturn in September than first feared, reflecting a surprise fall in inflation and the Bank of England's decision to leave interest rates on hold, a business survey showed on Wednesday.

UBS published a detailed research report on Whitehaven Coal’s mooted purchase of two major BHP coal mines only hours before the investment bank’s analysts were restricted from discussing the transaction.

Redseer report said on Wednesday. According to the report, as the third-party logistics (3PL) scales up, the cost per shipment is projected to decrease by 23 per cent, dropping from Rs 60 in 2023 to Rs 47 by 2030. «eTailing in India is expected to grow 5 times from USD 59 billion to USD 300 billion between 2022 and 2030.

Digital platforms fundamentally alter how business is conducted. This is particularly true for small businesses because platforms help them find potential buyers worldwide. No wonder recent unicorns like Nykaa have emerged from these online businesses. A fundamental challenge that small businesses face is that potential customers need to know that the business exists and how it is different from its competitors.

₹8,043 on Wednesday, before closing about 1% lower. The latest business update of the non-banking financial company for the three months ended September (Q2FY24) suggests it is set to see yet another strong quarter performance. This, in turn, could pave the way for earnings upgrades.

₹560.25 apiece on Wednesday. In the past one year, Berger’s shares have gained around 9% versus the 5% drop in Asian Paints.

Rishi Sunak on Wednesday urged skeptical voters, and his own Conservative Party: Keep me in office and I'll offer you change. In his first — and possibly last — speech as leader to the party's annual conference before an election due in 2024, Sunak said he's not afraid to make tough choices and big decisions that will deliver «long-term success» rather than «short-term advantage».

New Delhi: In 2020, two of Indian television’s oldest properties, Kaun Banega Crorepati (KBC) and Bigg Boss, returned to home screens for the first time after the onset of the covid-19 pandemic, complete with downsized crews and isolated bubbles for sets. However, the much-anticipated comeback failed to enthuse media and entertainment industry experts, as the audience gave the reality shows a tepid reception. The inability to grab people by the eyeballs the way they used to earlier saw the television rating points (TRPs) of these shows plunge by at least 50%, according to broadcast network heads.

The Pixel 8 Pro matches the iPhone 15 Pro at $999, while the Pixel 8 costs the same as the iPhone 14 at $699. The new prices reflect the upgraded displays and cameras used in the latest devices, which are still “punching above our weight class,” according to Google product manager Patrick Hennessey, suggesting that consumers are getting more for their money. The Pixel rollout is Google’s latest attempt to make a dent in the market. Though its Android operating system runs the majority of the world’s smartphones, the company’s own hardware accounts for just a fraction of sales.

Superdry, worn by celebrities such as David Beckham, Leonardo DiCaprio, Pixie Lott and Kate Winslet, has entered into a joint venture agreement with Reliance Brands for the sale of Superdry’s intellectual property assets in India, Sri Lanka, and Bangladesh for £40 million (nearly Rs 405 crore). Superdry will invest £9.6 million in the alliance, which will be set off against the company’s receivable of £40 million from Reliance. For the financial year to 30 April 2023, the South Asian IP generated around 1.8% of total Superdry group sales and contributed revenue of £11 million and profit before tax of around £2.6 million. “India represents an incredible opportunity for Superdry, and our existing relationship with Reliance means we will be able to hit the ground running. Under our new partnership, the brand will continue to accelerate and build on our success to date to become a major force in the Indian fashion market,” said Julian Dunkerton, co-founder and chief executive of Superdry. Superdry UK will keep a stake in the brand for the Indian territory and will continue to support brand development.

₹15.8 trillion, UPI is a big success. With countries like Singapore, Malaysia, the UAE, UK and France accepting UPI linkages, India has impressed others with its financial regulatory system and technology capabilities. India is also pushing for inroads with other dependable offerings, including RuPay, which dominates the domestic debit cards market with over 860 million transactions, worth over ₹1.6 trillion.

By Joseph White

air purifiers. The best-rated air purifiers are the unsung heroes of winter, offering a formidable line of defence against the invisible threats lurking in our indoor spaces. These devices offer a multitude of benefits, and their significance is magnified during the colder months.

An iconic Canadian fast-food restaurant is signing on to Too Good To Go, an app that sells surplus food at a discount in an effort to reduce waste.

Canadians are increasingly heading straight for cheaper foods rather than considering the nutritional value of the groceries as they grapple with the rising cost of living, according to a report released Wednesday.

U.K. Prime Minister Rishi Sunak has told his Conservative Party he's not afraid to make tough decisions for long-term change