COST Financial News

About 13,000 auto workers have walked off the job at three targeted factories after their union leaders couldn’t reach a deal with Detroit’s automakers

Oregon has taken an unprecedented step in offering psilocybin, also known as magic mushrooms, to the public

Around 3,000 workers at Britain’s biggest steelworks face the prospect of losing their jobs as part of a government-backed package to make the plant “greener.”

U.S.-based pharmaceuticals company Johnson & Johnson is being investigated in South Africa for allegedly charging “excessive” prices for a key tuberculosis drug

About 13,000 U.S. auto workers have stopped making vehicles and headed for the picket lines

Oregon has taken an unprecedented step in offering psilocybin, also known as magic mushrooms, to the public

Russia's central bank has raised its key lending rate by one percentage point to 13%, a month after imposing an even larger hike

R K Arora, chairman and promoter of Supertech Group, in a money laundering case. Special Judge Devender Kumar Jangala, who was scheduled to take up the matter for consideration on Friday, adjourned the matter saying the documents were lengthy and he needed time to go through all the files before passing any decision. The Enforcement Directorate (ED) on August 24 filed the charge sheet against Arora, Supertech Group, and eight others in the money laundering case.

windfall tax on petroleum crude to 10,000 rupees per tonne from 6,700 rupees per tonne, according to a government notification. The increase will come into effect from September 16. The government has cut the windfall tax on aviation turbine fuel to 3.50 rupees per litre from 4 rupees per litre. Two weeks ago, the Centre had cut the windfall tax or special additional excise duty on petroleum crude to Rs 6,700 per metric ton from Rs 7,100. The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks. India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal profits of energy companies. The government levies tax on windfall profits made by oil producers on any price they get above a threshold of $75 per barrel.

The team atop Amazon.com has been pushing for years to find what they call a “fourth pillar," an internal shorthand for the company’s next big hit. It is proving an elusive goal. The tech giant has invested billions of dollars into an array of endeavors across several industries—and stoked Wall Street’s interest along the way.

Engineering group RCR Tomlinson had two sets of books showing different pictures of the company’s finances before it collapsed, lawyers Quinn Emanuel said after settling a long-running class action lawsuit for $40 million.

GST appellate tribunal benches across the country to ensure quick resolution of disputes related to Goods and Services Tax (GST) between the government and businesses, and central and state governments. Experts said the move will help reduce burden on high courts.

Hyderabad, September 15, 2023: Ethnic apparel retailer Sai Silks Kalamandir Ltd has set a price band of ₹210-222 per share for its initial public offering, opening on September 20. The initial public offering comprises a fresh issuance of shares worth ₹600 crore by the company and an offer-for-sale (OFS) of 2,70,72,000 equity shares by promoter group. At the upper end of the price band, the total issue size comes in at ₹1,200 crore.

By Foo Yun Chee

By Joseph White and David Shepardson

By Lucia Mutikani

iPhone 15 lineup offers various storage options and price points. The base model with 128GB storage is priced at ₹79,900, while the 256GB version comes in at ₹89,900. For those who need more storage, the 512GB model is available for ₹1,09,900.

How will the biofuel alliance done at G20 impact o...

Everlodge (ELDG) is a unique project aiming to disrupt the real estate market. With its innovative approach to property ownership and rewards through the Everlodge Rewards Club, ELDG offers a fresh perspective on how blockchain technology can reshape the real estate industry. This soon-to-come property marketplace will digitize and mint luxurious properties into NFTs.

China’s central bank ramped up efforts to accelerate an economic recovery, releasing more cash into markets as data show fresh encouraging signs for the country’s growth momentum.   

With Apple having unveiled its latest product range this week, a new report reveals how some Americans may put buying the iPhone 15 ahead of their bills.