COST Financial News

Delhi High Court on Tuesday sought response from the Telecom Regulatory Authority of India (Trai) on the All India Digital Cable Federation’s (AIDCF) petition alleging that the telecom regulator did not consider all its issues in the consultation paper ‘Review of Regulatory Framework for Broadcasting and Cable services" including the demand of Multi System Operators (MSOs) to make their own bouquet of TV channels. While Trai had on August 8 issued the consultation paper on issues pertaining to tariff, interconnection and quality of service of broadcasting and cable services, the Consultation Paper “fails to meet the standard of transparency,” the cable body stated in its petition filed through counsel Swapnil Gupta.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: a sell initiation at WK Kellogg, and downgrades at Airbnb, Norfolk Southern , and Bread Financial.

By Yoruk Bahceli, Karin Strohecker and Dhara Ranasinghe

Jefferies analysts raised Wingstop (NASDAQ:WING) to hold from Underperform, lifting the price target to $170 from $150 per share in a note Tuesday.

Narendra Modi on Tuesday said the Congress should clarify whether rights can be given in proportion to the «abadi» (population) and asserted that poor people have the first right over the country's resources. He also asked whether the grand old party wants to decrease the rights of the Muslims. His statements come a day after the Nitish Kumar-led Bihar government released a caste survey, which revealed that OBCs and EBCs constitute a whopping 63 per cent of the state's total population.

Vaibhav Jewellers, even though in line with expectations, disappointed investors. The stock debuted at Rs 213.5 per share, compared with its IPO price of Rs 215. Analysts were mixed on the post listing strategy for investors. While some recommended investors to exit their positions, others advised to hold the stock for the long term. “The muted listing could be due to a number of factors, including the high IPO price, the company's relatively small size, and the competitive jewelry market," said Shivani Nyati, Head of Wealth, Swastika Investmart, while recommending an exit position. The IPO of Vaibhav Jewellers barely scraped through on the last day of the bidding process.

The MAC conducted a review of the Shortage Occupation List (SOL) and expressed concerns that making it easier to recruit low-wage workers could increase the risk of exploitation. Currently, employers can hire migrant workers at 80% of the standard «going rate» for specific occupations listed on the SOL. This includes roles like bricklayers and care workers. Being on the SOL allows employers to bypass the general minimum salary threshold for a skilled worker visa, which is £26,200. Consequently, sectors with wages below this threshold have particularly benefited from inclusion on the list. The MAC's recommendation stems from concerns that low-wage migrants may result in a net fiscal cost for the UK, and the administrative burden of the scheme can be uneconomical for many businesses. The committee believes that abolishing the SOL would be a preferable approach to addressing labor shortages in low-wage sectors. The MAC suggested that no employer should be allowed to pay below the going rate, as this would help protect resident workers from wage undercutting and reduce the potential exploitation of migrant workers. The Home Office has not provided an immediate response to the report.

(Reuters) — McCormick (NYSE:MKC) on Tuesday raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing demand and a sluggish recovery in China

RapidX, unless Memorandums of Understanding (MoUs) are signed with the Kejriwal government. These two projects aim to connect Delhi with Panipat and Delhi with Alwar, and their fate hinges on the agreement between the central and Delhi governments. A senior official from the Union housing and urban affairs ministry emphasized that the Delhi government has not yet signed the MoU for the Delhi-Meerut project, highlighting the critical role of these agreements in such initiatives.

Investing.com — U.S. stock futures widely held around the flatline on Tuesday following a mixed session for the major benchmark averages, as investors braced for key employment data set for release throughout the week.

Superloop, the internet service provider founded by entrepreneur Bevan Slattery, is considering lobbing a higher bid for software group Symbio despite describing its last offer as its “best and final”.

The Victorian government spent nearly $1.3 million on lawyers to negotiate the fallout of its shock decision to axe the Commonwealth Games, documents have revealed.

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UAW President Shawn Fain has transformed the rituals of contract talks with General Motors, Ford and Chrysler parent Stellantis into a high-stakes, made-for-media game. The automakers will look for clues on how to survive in the agreement the union reached on Sunday with Volvo Group-owned Mack Trucks. For now, the union appears to be in control, although there is pain on both sides.

MRC), Indian Institute of Science (IISc), have developed a new type of enzyme mimetic that can degrade toxic chemicals in industrial wastewater effectively in the presence of sunlight. Enzymes are proteins that catalyse a majority of biological reactions in living systems. However, the practical use of natural enzymes is greatly hindered by certain inherent limitations.

Sunil Singh, son of a fisherman, and Arjun Singh, born to a factory worker, grew up 2000km apart from each other. But there is a binding thread — an unending passion for water sports unhindered by their difficult formative years. The 24-year-old Sunil from Moirang, Manipur, and the 16-year-old Arjun, who grew up in Roorkee, combined that passion to land India a bronze medal in men's double canoe 1000m event at the Asian Games on Tuesday, a first for the country since the 1994 event.

JSW Infrastructure, which got listed on the bourses on Tuesday, said it has a huge potential to grow its business and aims to become a global company, JSW Group Chairman Sajjan Jindal has said. Speaking at the listing event, Jindal cited the example of Singapore and said that it is a City-State and handles more cargo than all of India. «We can also create such ports which handle not just our own cargo but also of the countries around us,» he said.

By Tetsushi Kajimoto

By Amanda Cooper

JM Financial. The brokerage firm expects Infosys and TCS to be at the upper end while Tech Mahindra, still impacted by project ramp-downs towards the first quarter-end, to be at the bottom end of the band. Mid-caps under coverage will fare relatively better.

₹15,000 crore for various projects, including the airport. "As part of its diversification strategy and funding for infrastructure projects, PFC sanctioned its maiden financing for a Greenfield Airport project in Andhra Pradesh," it said.