COST Financial News

European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked. US core inflation came in a bit firmer than expected, keeping open the possibility that the Federal Reserve will hike later this year after an expected pause next week. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

climate change challenges. Read more. On September 10, the Indian Space Research Organisation (ISRO) announced that Aditya-L1, India's pioneering solar mission, had triumphantly executed its third Earth-bound manoeuvre.

Vishwakarma Jayanti', Prime Minister Narendra Modi will launch a 'PM Vishwakarma' scheme today for the benefit of traditional artisans. The event will take place at the India International Convention and Expo Centre in Dwarka, New Delhi on Sunday at around 11 am, according to a press release from the Prime Minister's Office (PMO). The «PM Vishwakarma» scheme reflects the steadfast commitment of PM Modi to support and uplift individuals engaged in traditional crafts, it said. Addressing the nation from the ramparts of the Red Fort on the 77th Independence Day, PM Modi had announced that the government will soon launch a scheme for individuals skilled in traditional craftmanship. His vision extends beyond providing financial assistance; it aims to preserve age-old traditions, culture, and the rich heritage embodied in local products, art, and crafts, the release said. «PM Vishwakarma» will receive full funding from the Union Government, with an impressive allocation of Rs 13,000 crore. The scheme will register 'Vishwakarmas', who create using their hands and tools, at no cost through Common Services Centres, utilising the biometric-based 'PM Vishwakarma' portal.

Hindustan Times, the Indian Army is also ramping up its weapons including guns, rocket systems, and missiles. Army's five-pronged strategy, which will cost thousands of crores, evolved after assessing the needs of the artillery regiments on a battlefield. Citing an official, the HT report said all regiments would be equipped with advanced 155mm artillery gun systems, inducting missiles and rockets with longer ranges, lethal ammunition, reorganisation of surveillance, and shortening the sensor-to-shooter loop for swift detection.

360 Realtors, India’s leading institutional channel partner (ICP), has forayed into the fractional ownership space through its new company 360 FRXNL. The newly-incubated entity will offer transparent and seamless transaction facilities across multiple assets, including commercial, residential, industrial, plots, and much more. The company aims at offering institutional-quality deals with the flexibility & convenience of retail investment.

In the bustling streets of Mumbai, Ravi, a talented graphic designer, wakes up every day with a sense of purpose. He’s a freelancer, not tied to any corporate office but the master of his own destiny. As he juggles multiple projects and clients, Ravi cherishes the freedom and flexibility that comes with his freelance career. However, he also realises that this newfound independence brings its own set of responsibilities and potential risks, especially when it comes to healthcare and financial stability.

The transition into one’s senior years is accompanied by a myriad of changes, not the least of which is a significant shift in financial priorities. As individuals enter retirement and look ahead to the twilight years, meticulous financial planning becomes an indispensable tool for securing a comfortable and worry-free future.

wage hike, including a 20% immediate increase, and improvements in benefits. What are the demands of the United Auto Workers (UAW) union? The Union is pushing automakers to eliminate the two-tier wage system under which new hires earn as much as 25% less than veterans. The UAW also wants strong salary increases, given the financial success of the automakers, citing generous executive payouts and large US federal subsidies for EV sales.

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WASHINGTON—Wall Street is feeling the pain of inflation—at the tills of its regulators. Big banks and brokerage firms are handing over bigger checks to settle regulatory investigations, including those that don’t result in losses for investors. U.S.

Mike Ashley is reportedly in discussions to sell online clothing brand Missguided to the Singapore-based giant, Shein. This potential deal is in progress months after Ashley's Frasers Group saved the brand from administration. Here's what we know:

(Reuters) -The United Auto Workers (UAW) union on Friday launched strikes at three U.S. auto plants after failing to reach an agreement over new contracts, the first-ever simultaneous labor action against the Detroit Three automakers.

college football season delivered some exciting upsets and thrilling matchups. As we dive into Week 3, the schedule might not appear as thrilling on paper, with no ranked vs. ranked games scheduled.

By Balazs Koranyi and Francesco Canepa

Akasa Air has moved court against 43 pilots claiming that they have quit the airline without completing a notice period of six months. The airline in a petition filed with Bombay High Court has sought that pilots be barred joining any airline till the time they complete the mandatory notice period, which was part of employment agreement. In its petition, the airline also said that due to sudden resignation of the pilots, it was forced to cancel multiple flights, causing financial and reputational loss to the airline and has sought monetary compensation of Rs 21 crore, which includes cost of training one pilot, according to a petition reviewed by ET. The airline which started business last year and was rapidly expanding lost 1% market share due to cancellation of over 632 flights in August. “We have sought legal remedy only against a small set of pilots who abandoned their duties and left without serving their mandatory contractual notice period. This is illegal in law but also an unethical and selfish act that disrupted flights in August forcing last minute cancellations that stranded thousands of customers causing significant inconvenience to the travelling public,” an Akasa spokesperson said. Pilots who have quit the airline said that the airline violated contractual agreement by altering salary structure.

Mundra, Gujarat, according to a top company official. Gas Recovery and Recycle Limited (GR2L), an MSME (micro small and medium enterprise) business in Surrey, claims to have developed, patented and exported cutting-edge technology to reduce the energy consumption, carbon footprint and cost of manufacturing solar panels.

Sri Lanka's match against Pakistan, Maheesh Theekshana was seen struggling with his hamstring and was repeatedly going off the field with the physiotherapist. The development comes as a big blow for the Sri Lankan bowling attack which was led by Maheesh Theekshana.

Indian National Developmental Inclusive Alliance (INDIA) of opposition parties, which is attacking the Constitution, suppressing the voice of the media and thinking of destroying Sanatan Dharma, Union minister Anurag Thakur said on Saturday.

Pick Mi Up service offers a hassle-free solution for repairing your smartphone. Simply, install the Xiaomi Service+ app, choose the 'Pick Mi' feature, and furnish the required information to initiate a pickup and drop-off service for your device. The Xiaomi Service+ app grants Xiaomi and Redmi device users access to a range of additional support functionalities.

₹1,543 (GBP 15) more and UK Student Visas will be ₹13,070 (GBP 127) more expensive for travelers from around the world, including Indians. The UK Home office has informed that the changes mean the cost for a UK Visit Visa for less than six months will rise to ₹11,835 (GBP 115) and the fee for applying for a UK Student Visa from outside the UK will rise to ₹50,428 (GBP 490) – to equal the amount charged for in-country applications.

₹330 per litre, reported PTI on 16 September. Following clearance from caretaker Prime Minister Anwaarul Haq Kakar, the Ministry of Finance announced the price hike of petrol by ₹26.02 and diesel by ₹17.34 per liter on Friday night. Following the hike, the petrol and high-speed diesel (HSD) are costing over ₹330 at the filling stations, reported The Dawn, saying, it its 'a psychological barrier that has been crossed for the first time in the country’s history'.