COST Financial News

01.10 / 08:29
COST Action Entertainment Barrett reports Kerry Stokes, Bruce McWilliam, Seven emails ‘personally embarrassing’
Emails sent by senior executives close to billionaire businessman Kerry Stokes about their ties to disgraced former soldier Ben Roberts-Smith would be “personally embarrassing” if released, the Federal Court says.
01.10 / 07:35
COST Art WhatsApp Time PM Modi to sound poll bugle in Telangana; CM KCR to skip the event for 6th consecutive time
₹13,500 crore, according to PTI news agency. PM Modi is expected to reach Mahabubnagar district around 2.15 pm and he will dedicate to the nation and lay the foundation stone of multiple developmental projects worth ₹13,545 crore, in important sectors such as road, rail, petroleum and natural gas and higher education, a statement issued by the Prime Minister's Office (PMO) had said.
01.10 / 06:25
COST Waters Extreme Manufacturing BURST social reports Electric car catches fire in Bengaluru. Here's what causes EV fires and why electric two-wheelers are at higher risk
Bengaluru, an electric car burst into flames near Dalmia Circle in the JPNagar area, creating a horrifying scene that has gone viral on social media. Fortunately, no casualties have been reported, but the cause of the fire remains unknown. Electric vehicle fires, although rare in theory, often attract significant attention when they do occur. These incidents are primarily attributed to the high energy density of electric vehicle battery packs, which store a large amount of energy in a compact space. When the battery pack is damaged, an internal short circuit can trigger a chain reaction known as thermal runaway. During this process, the battery generates more heat than it can dissipate, leading to a fire. About 95% of battery fires in electric vehicles are classified as ignition fires, producing jet-like directional flames. The remaining 5% involve a vapor cloud explosion. Several factors can cause a battery to catch fire, including physical damage from accidents, manufacturing defects, battery faults, workshop repairs, arson, external fires, or overheating.
01.10 / 05:21
COST UPS Citi WhatsApp LPG gas price: Govt hikes commercial cylinder rates. Details here
₹209 from 1 October. The hike of ₹209 has come after two successive reduction of ₹250 (Approx) in August and September this year. In Delhi, the commercial gas cylinder price has been increased to ₹1,731.50/kg from ₹1,522.50/kg.
01.10 / 04:41
COST Target Waters Strategy track country Takeover Macquarie girds for $1.2b takeover battle with European waste company
London | Macquarie has taken the unusual step of making a public and hostile takeover bid for a listed company, the European waste management group Renewi, only to be firmly rebuffed.
01.10 / 02:53
COST Provident Art WhatsApp Highways travelers PM Modi to lay foundation of Nagpur-Vijaywada Economic Corridor; launch projects worth ₹13500 crore in Telangana today
₹13,500 crore. "Around 2:15 PM, Prime Minister will reach Mahabubnagar district, where he will dedicate to the nation and lay the foundation stone of multiple developmental projects worth more than ₹13,500 crore, in important sectors like road, rail, petroleum and natural gas and higher education. During the programme, the Prime Minister will also flag off a train service through video conferencing," Prime Minister's Office said.
01.10 / 02:53
COST Reuters Bill show reports What next after the US govt shutdown deal? Joe Biden says THIS
government shutdown on Saturday. However, he called for Congress to swiftly approve aid to war-hit Ukraine after it was left out of the agreement.
01.10 / 02:43
COST economy Experts reports No inflation risk from latest spike in oil prices: Economists
oil prices may have a marginal impact on India's FY24 wholesale and retail inflation, said economists. However, they said crude sustaining above the $90-level could be a downside risk for core inflation as companies begin passing on high input costs. «Unless retail fuel prices change, there is no direct impact of higher oil prices on Consumer Price Index.
01.10 / 02:43
COST Provident FIVE Art Highways travelers PM Modi to launch projects worth Rs 13500 crore in Telangana today
Narendra Modi will visit Telangana on Sunday afternoon where he will lay the foundation stone of multiple developmental projects worth more than Rs 13,500 crore. «Around 2:15 PM, Prime Minister will reach Mahabubnagar district, where he will dedicate to the nation and lay the foundation stone of multiple developmental projects worth more than Rs 13,500 crore, in important sectors like road, rail, petroleum and natural gas and higher education. During the programme, the Prime Minister will also flag off a train service through video conferencing,» Prime Minister's Office said.
01.10 / 01:41
COST Reuters Action Bill reports US Congress approves ‘stopgap funding bill’ to avert govt shutdown
government shutdown, according to AFP reports. The Republican-controlled House of Representatives voted 335-91 to adopt a 45-day stopgap measure hours before funding for federal agencies was set to expire. Kevin McCarthy, the top US House Republican could face an untimely end to his role as speaker if party hardliners oust him, for averting a costly government shutdown on Saturday with a stopgap bill that drew more support from Democrats than Republicans, Reuters reported.
30.09 / 19:23
COST Digital awards Walmart reports Walmart changes pay and titles for corporate staff
Walmart corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company's workforce, the Wall Street Journal reported on Saturday. Starting in November, many corporate workers at Walmart and Sam's Club, its warehouse chain, will be reclassified into fewer groups of possible titles and pay.
30.09 / 19:23
COST Strategy India Inc rating upgrades continue to outnumber downgrades
credit ratio amidst a global slowdown, CareEdge Rating has said. The ratings company upgraded 217 companies and downgraded 130 companies in six months ended September. The credit ratio — that is, the ratio of upgrade to downgrade — decreased sequentially to 1.67 in the first half of FY24 from 2.72 in the second half of FY23. The credit ratio, though, is slightly higher than its 10-year average of 1.54 and is expected to remain range bound, CareEdge said.
30.09 / 17:00
COST Provident WhatsApp Healthcare prevention end End of an era: AM Naik steps down as L&T Group chairman after 20 years at helm
continue as the chairman of Larsen & Toubro Employee Trust (LTET), the company's largest stakeholder. Naik had played a key role in the trust's formation in 2003, in what analysts describe as a bid to prevent the company's hostile takeover.
30.09 / 16:19
COST Provident Ripple economy Bill country consequences Government shutdown: What does it mean and how will it impact people, businesses?
Congress is on the brink of a government shutdown, and many Americans are left wondering about the potential consequences. In this guide, we explore what a government shutdown entails and how it could affect various aspects of daily life.
30.09 / 15:15
COST UPS WhatsApp Highways information SML Isuzu hikes prices of truck, buses with effect from October 3. Details here
SML Isuzu has decided to hike the prices of its truck and buses, with effect from October 3, in a bid to tide over the surge in input cost, a regulatory filing stated on September 30. The input cost has gone up due to "implementation of the Fire Alarm and Protection System (FAPS) and also general inflation", the company informed the stock exchanges.
30.09 / 15:05
COST Walmart WSJ reports Walmart changes pay and titles for corporate staff- WSJ
(Reuters) — Walmart (NYSE:WMT) corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company's workforce, the Wall Street Journal reported on Saturday.
30.09 / 14:49
COST Provident pandemic Satya MicroCapital raises $60 million from Japan's Sumitomo Mitsui Banking Corporation
Satya MicroCapital has announced raising $60 million from Japan's Sumitomo Mitsui Banking Corporation Saturday close on the heels of its mobilising another $20 million from the French Development Agency’s private sector financing arm Proparco. The funding will help the New Delhi-based micro loan provider to expand its portfolio. Satya has assets under management of nearly Rs 5000 crore. The fund is raised at around 11% rate, an official with the micro lender said.
30.09 / 14:49
COST Healthcare A M Naik steps down as chairman of L&T Group
A M Naik stepped down as the chairman of L&T Group on Saturday. He handed over the reins of the USD 23 billion conglomerate to S N Subrahmanyan at an event in Mumbai. Naik, 81, will now be the chairman of the employees trust. He will focus on increasing many philanthropic initiatives that he has been undertaking for the past few years, according to a statement. India Post unveiled a postage stamp on Naik on the occasion. Naik's attention going forward will be on his philanthropic initiatives, including the Naik Charitable Trust which focuses on education and skill-building of the underprivileged, and the Nirali Memorial Medical Trust dedicated to facilitating super speciality healthcare at subsidised cost. Naik joined the company in 1965 as a junior engineer and went on to become its Group Chairman. In the nearly three decades in leadership roles, Naik helped the company grow to its present size and stature, the statement said.
30.09 / 14:49
COST UPS Manufacturing Parke Healthcare medicines approved Centre Investment of Rs 6k cr approved by Centre under PLI scheme for pharma, medical devices sectors: Amit Shah
NIPER) at Gandhinagar. «The Union government has taken a holistic approach and begun the process for the development of a cost-effective, sustainable and affordable process for 16 APIs (active pharmaceutical ingredient) and two KSMs (key starting material),» he said.
30.09 / 12:23
COST Digital Manufacturing DELL President Dell considering a fresh investment in Bengaluru, says Karnataka govt
Dell is considering a fresh investment in its research and development (R&D) centre in Bengaluru, an official statement said on Saturday. The Dell team comprising Michael Dundas of Global Manufacturing Operations and Technology, Alan Richey, Senior Vice President, Legal, and Tabrez Ahmad, Director, Asia Pacific and Japan, Govt Affairs and Public Policy held meetings with Karnataka Large and Medium Industries and Infrastructure Minister M.B. Patil, in Austin, on Friday, as per the state Large and Medium Industries Ministry.

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