COST Financial News

IPO subscription status: Zaggle Prepaid IPO has been subscribed 31% on day 2, so far. Zaggle Prepaid IPO has opened for subscription on Thursday, September 14, and will close on Monday, September 18. Zaggle IPO's retail investors portion was subscribed 1.40 times, NII portion was subscribed 19%, and Qualified Institutional Buyers (QIB) did not receive any subscription.

Israeli Prime Minister Benjamin Netanyahu's office says he will meet billionaire businessman Elon Musk during a trip to the United States next week

hearing through an unprepared junior advocate on Thursday. An advocate on record (AoR) is a lawyer who is authorised to represent clients and file cases in the Supreme Court. The incident occurred when the three-judge bench took up the matter and a junior advocate, possibly asked to fill in for his senior at the eleventh hour, appeared before the court without the necessary case file and was unable to respond to any queries related to the case.

balance transfer of a home loan is, why you should opt for it, and more. A home loan balance transfer allows you to change your lender. Using it, you can transfer the balance of your home loan to a new bank or NBFC offering you better terms.

Rocky Mountain Institute (RMI) released on Thursday, it foresees a reduction in battery costs by half during this decade, declining from $151 per kilowatt hour (kWh) in 2022 to a range of $60 to $90 per kWh. This cost decrease is expected to make electric vehicles cost-competitive with petrol cars in all markets by 2030, not only in terms of purchase price but also in running costs. Reportedly, batteries constitute a significant expense, making up approximately 40% of the total cost of an electric vehicle (EV).

steel sector is favourable despite the fact that anaemic growth in some of the world’s largest steel-consuming economies could impact prices, thanks to the government’s accelerated spending on infrastructure over the last few months, analysts said. Steel finds the maximum consumption in the infrastructure space. With the Centre spending nearly a third of its budgeted funds on big-ticket infrastructure projects, demand for steel grew 13% year on year between April and July. The government’s spending in this period is around 6 percentage points higher than the average of 26% it has spent in these months over the last four years, Crisil Market Intelligence said in a note. Demand for steel, consequently, is seen growing in doubledigits for the third consecutive year in the current fiscal, rating agencies ICRA and Crisil said. This heightened demand for steel is not only seen absorbing the additional steel capacities that will come on board in the domestic market but will also shield prices from the weak pricing trends in the global market. The government has increased its outlay for spending on infrastructure by around 33% to ₹10 lakh crore for FY24.

Apple iPhone lovers are eagerly waiting to grab the latest iPhone 15 series phones. Preorders for these new-generation iPhones are scheduled to commence on September 15, with the official sale date slated for September 22. What's intriguing about this launch is that the pricing strategy for the new iPhone models, iPhone 15 and iPhone 15 Plus, in India, remains unchanged from their predecessors, iPhone 14 and iPhone 14 Plus. However, a noteworthy price adjustment comes in the form of the Pro models.

«As far as this quarter is concerned, inflation, of course, we have seen that for two months there was inflation which was outside the tolerance level of Reserve Bank of India,» says Dinesh Kumar Khara, Chairman, SBI.Should we pick it up from where we left last time, that SBI was getting ready for a new dance number, Tango Salsa? This is our effort and endeavour the way the economy is prospering. We want to be very much part of this growing economy, prospering economy and we want to ensure that there should not be any lever which we should not use to support the growth of this economy.

A major Russian banking association has warned that the digital ruble will drive up loan rates as banks struggle to cope with the soon-to-be-issued CBDC.

solar power and electric vehicles this year is smashing the forecasts of the most bullish analysts, giving hope they are on the net-zero path the world needs. If only the same could be said of other forms of clean energy. Take photovoltaic panels. Solar modules last month hit a record low 16.5 cents per watt, according to BloombergNEF, and will slump further to 14.5 cents by the end of the year.

ICRA has published a research note on the Indian apparel export industry. It expects its sample companies to report a mild 2-3% YoY increase in revenues to Rs. 27,255 crore for FY2024. Despite a tepid demand environment in H1 FY2024, ICRA expects the end demand to improve in H2 FY2024, boosting revenues. The retail apparel brands in the US and the EU, which together account for close to 55% of global apparel trade, are expected to liquidate the high inventory build-up of FY2023 and book their orders for the Spring/Summer 2024 season in H2 FY2024.

Sales at Metcash are continuing to grow – underpinned by food, alcohol and hardware – but the wholesale distributor has warned higher interest rates are pushing consumers to cheaper products and impacting confidence.

PwC Australia’s leadership is trying to stem a rising tide of partners leaving by enforcing a rule that obliges senior staff involved in a “group departure” to a rival firm to pay back the fees they generated in the previous year.

strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General Motors assembly plant in Wentzville, Missouri, a Ford factory in Wayne, Michigan, near Detroit, and a Stellantis Jeep plant in Toledo, Ohio. It was the first time in the union’s 88-year history that it walked out on all three companies simultaneously as four-year contracts with the companies expired at 11:59 p.m. Thursday. The strike will likely chart the future of the union and of America’s homegrown auto industry at a time when U.S.

sanctions packages related to the war in Ukraine, penalizing more than 150 companies and individuals that officials said were profiting from Russia's invasion and their proximity to the Kremlin and President Vladimir Putin. The sanctions are part of the U.S. effort «to target Russia's military supply chains and deprive Putin of the equipment, technology, and services he needs to wage his barbaric war on Ukraine,» Treasury Secretary Janet Yellen said in a statement. «Today's actions show our global reach in imposing severe costs on Putin's oligarchs,» she added. The Treasury Department's sanctions targeted nearly 100 Russian military-linked elites and individuals — including some in Turkey, Georgia, Finland and the United Arab Emirates — involved with Russia's industrial, financial and technology industries.

Oil prices rose to their highest level in 10 months on Friday, after China cut banks' cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were nearing their end. Brent crude rose 46 cents, or 0.5%, to $94.16 as of 0027 GMT, while the U.S. West Texas Intermediate crude (WTI) was up 0.6% at $90.74.

banking services at precisely the moment when extra funds are most needed for essential supplies such as medical supplies and food. Cryptocurrency transfers have become an increasingly popular way to provide financial assistance to disaster victims due to their speed, low costs, borderless nature, and transparent transactions.

NavIC, the minister of state for electronics and information technology Rajeev Chandrasekhar said on Thursday. The devices can either provide support for NavIC-powered chips or use NavIC chipsets, he added. While 5G phones will need to provide mandatory support for NavIC by January 1, 2025, all other phones operating in the L1 band that currently use the Global Positioning System (GPS) will need to provide mandatory NavIC support by December 2025, he said.

Capgemini and a solid base for it to service clients globally, Capgemini global CEO Aiman Ezzat told ET. The company has more than half of its 360,000 employee base in India. In an interview with Romita Majumdar, the chief of the $23-billion IT company, during his ongoing India visit, said that he is hopeful of the demand situation improving over the next two-to-four quarters but is waiting for an inflection point. Ezzat added that generative AI's impact on productivity gains will be much higher than pricing gains in the long run. Edited excerpts:How do you see technology spending in the current macroeconomic situation? It is pretty mixed at present. There is softness in some places but not everything is doomed. The reality is that our pipelines are huge and that shows the appetite for technology and transformation.

Former high-flying Melbourne football star Shaun Smith is determined to make the AFL pay, warning this week’s decision to clear Collingwood defender Brayden Maynard after a sickening collision with a rival player shows officials are still not taking concussion seriously enough.

Wealth managers proudly display a long list of designations and degrees after their signatures  – CFP, MBA, CPA, CFA, etc. – and deservedly so, considering the effort involved in achieving those titles.