COST Financial News

Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors

Wall Street is poised to open with gains following a report that showed a modest increase in inflation across the U.S. in August that eased worries over the likelihood of another interest rate hike by the Federal Reserve

When natural or manmade disasters happen, renters insurance can mean the difference between catastrophe and stability

Crisil said in a report. For FY24, the industry's total volume is expected to rise 5-7 per cent, similar to the last fiscal, and the operating margin will remain healthy at 18 to 19 per cent, ensuring a stable cash flow generation, it added. Moreover, modest capex spending undertaken — mostly for debottlenecking and routine modernisation — will help sustain credit risk profiles, as per the report. The Indian paper industry had reported revenue growth of 30 per cent a year before in FY23. «Indian paper manufacturers could see revenue decline of 8-10 per cent this fiscal, compared with a steep 30 per cent growth last fiscal, with average realisations expected to soften in keeping with lower raw material prices, and given intense competition,» it said.

Google is reportedly laying off hundreds of employees from its recruiting team globally. However, Google has not given any exact number of people who have been asked to go.

Rising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has been “hit or miss." “In the private construction world, you’re not going to get a terribly sympathetic ear for that," said McMahon, chief executive of Bethesda, Md.-based Miller & Long. “It’s, ‘Hey, you knew the risks when you signed the deal.’" Diesel, jet and marine fuel prices are soaring, pressuring the construction companies, transportation businesses and farmers that are the biggest users.

₹450 under the Ujjwala Yojana and Ladli Behna Yojana. The sale of LPG cylinders under the subsidised rate will begin on September 1.

Exxon Mobil issued its first public statement that burning fossil fuels contributes to climate change in 2006, following years of denial. In public forums, the company argued that the risk of serious impact on the environment justified global action. Yet behind closed doors, Exxon took a very different tack: Its executives strategized over how to diminish concerns about warming temperatures, and they sought to muddle scientific findings that might hurt its oil-and-gas business, according to internal Exxon documents reviewed by The Wall Street Journal and interviews with former executives.

Noda enables businesses in ecommerce, travel, gaming, and financial services to accept direct bank payments online via open banking, as an alternative to card payments. They also work with regulated fintech partners to provide other payment services, including collections, reconciliation and payouts.

Inflation has cooled, but it will need to get cooler still for Federal Reserve policy makers to start feeling comfortable. Can it? Overall consumer prices rose a seasonally adjusted 0.6% in August from July, the Labor Department reported on Wednesday, putting them 3.7% above their year-earlier level. Much of that monthly gain came from the jump in gasoline prices, though.

Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group.

Investing.com — The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank's eagerly-awaited rate-setting meeting. 

Rich Lister Raphael Geminder’s private company has warned shareholders in Pact Group that dividends are on hold indefinitely, as part of his audacious privatisation offer.

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G20 summit, India, the US, UAE, Saudi Arabia, France, Germany, Italy and the European Union on Saturday on the sidelines of the G20 Summit in New Delhi signed a Memorandum of Understanding (MoU) to establish the India-Middle East-Europe Economic Corridor (IMEC). The G20 Leaders' two-day summit, held under India's presidency, wrapped up on Sunday.

employees surveyed in a joint study on workplace mental health in Asia by Aon and TELUS Health have moderate (47%) to high (35%) risk of developing mental health issues, findings released on Thursday have revealed. 54% believe their career options would be limited if their employer knew they had a mental illness. The inaugural Aon TELUS Health Asia Mental Health Index report, which explores workplace mental health and the impact on productivity across 12 countries in Asia aims to improve understanding of the mental health risk of employees and help businesses make better decisions to manage employee mental health and increase workforce resilience. Key findings on workplace productivity showed that 45% of respondents across the region report that their mental health is negatively impacting their work while stress, anxiety and burnout are on the rise. 51% employees reported feeling more sensitive to stress this year compared to last year; while 45% of them believe their colleagues are showing more signs of stress this year.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 11% on day 1 so far. Zaggle Prepaid IPO has opened for subscription today (Thursday, September 14), and will close on Monday, September 18. Zaggle Prepaid IPO received overall tepid response from investors on day 1.

Dalmia Bharat Sugar and Dwarikesh Sugar jumped 7% to 13% on Thursday's session following brokerage DAM Capital Advisors Ltd's bullish stance on the sugar companies on the backdrop of rising sugar prices. The brokerage stated in its report said that increased sugar prices and rising ethanol volumes would lead to significant profitability growth for sugar producers.

₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.

GST on generators and vehicles with diesel-powered engines. His words were meant to provoke, clearly, as is the minister's usual manner. The prospect of a tax on the fuel that powers all large trucks in India caused stock prices to plummet.

ANZ CEO Shayne Elliott said banks have plenty of capital to fund the energy transition and are more likely to deploy it if the federal government lays down a “coherent” and “co-ordinated approach” on policies seeking to push the economy towards hitting the nation’s climate targets.