COST Financial News

One of the world’s largest law firms is launching a dedicated space law practice, as the clamour to counsel the booming exploration industry intensifies.

Melbourne-headquartered renewables player Tetris Energy is looking to offload 100 per cent of its 3.4 gigawatts early-stage development platform, telling potential buyers its platform is the kind that would rarely come up for sale in future after the recent year’s deal-making frenzy.

Investing.com-- Gold prices fell on Wednesday, coming under pressure from renewed strength in the dollar and yields as markets hunkered down before a key U.S. inflation reading due later in the day. 

By David Lawder

By Jody Godoy

By David Randall

Indian commerce minister, Piyush Goyal revealed Wednesday that the country is in the process of drafting a new policy aimed at enticing electric vehicle (EV) manufacturers and fostering increased investment in the industry.

Apple won’t be jacking up the price on its faithful iPhone buyers. That could cost it. The world’s largest company by market value updated the key product line of its largest business on Tuesday.

NEW DELHI : India is concerned about Russia’s successive crude production cuts to comply with the Opec+ agreement by curtailing production even from assets where Indian state-run firms are stakeholders, two people close to the matter said. “The Russians have reduced production as part of Opec+. However, India is not a part of it, yet production is being reduced wherein foreign entities are partners.

border issues between Assam and Meghalaya. Sarma, along with his Meghalaya counterpart Conrad Sangma, inaugurated a Karbi Hemtun, or Karbi Bhawan, built at a cost of Rs 21.5 crore by the Karbi Anglong Autonomous Council, in the Meghalaya capital of Shillong on Wednesday. The duo also took part in the foundation stone laying ceremony for the construction of a 100-bedded Karbi students' hostel cum commercial complex, with a project cost of approximately Rs 22 crore, in the pine city. Sarma exuded confidence the newly inaugurated Karbi Hemtun in Shillong would be of great help for residents of Karbi Anglong district of Assam visiting the pine city for various purposes. Further, with the laying of foundation stone for the construction of the 100-bedded students' hostel today, a long step has been taken towards finding a solution to scarcity of suitable accommodation for students from Karbi Anglong pursuing their academic courses in Shillong, one of the most sought-after destinations for higher studies in the Northeastern region. Sarma also expressed hope the commercial complex in the hostel premises would help strengthen the financial health of the Karbi Anglong Autonomous Council.

biggest auto strike in generations," approximately 150,000 autoworkers at Ford, Stellantis, and General Motors are poised to stage a walkout at 11:59 pm on September 14th if tentative agreements for new union contracts remain elusive.

By Howard Schneider

Check out the companies making headlines in midday trading.

NEW DELHI : The union cabinet on Wednesday cleared the third phase of the eCourts project with an outlay of ₹7,210 crore and allocated ₹1,650 crore for providing 7.5 million additional free cooking gas connections. In another meeting the Cabinet Committee on Economic Affairs cleared a proposal for foreign direct investment of up to ₹9,589 crore by Cyprus-based Berhyanda Ltd in Suven Pharmaceuticals Ltd.

Talks between the United Auto Workers union and the Detroit automakers are facing a looming deadline with the labor agreements at General Motors, Ford Motor and Jeep-maker Stellantis set to expire at 11:59 p.m. ET Thursday. If a deal hasn’t been reached, UAW President Shawn Fain has made clear he is ready to strike with plans to target specific U.S.

NEW DELHI : JSW Infrastructure Ltd, the Sajjan-Jindal-led port business, has received the approval to launch its ₹2,800 crore initial public offering (IPO) and is likely to finalize the launch by the end of this month, a person close to the matter told Mint. The port business of the $23 billion group had earlier in the year filed draft papers for a ₹2,800 crore IPO with an aim to retire the debt and furthermore fund the capacity expansion plans of the company. The entire IPO consists of a fresh issue of equity shares and there will be no dilution of the promoter’s existing equity. As of 31 December 2022, the company’s debt stood at ₹2,875 crore.

Despite surging interest rates, there are few signs they are impeding economic activity or causing distress amongst borrowers. It may seem strange that higher rates are not proving troublesome for an economy with such a high amount of leverage. Don’t breathe a sigh of relief quite yet. There is often a delay, called the lag effect, between higher interest rates and economic weakness.   

Renewable Energy Applications (IECRE), affirms the highest quality and safety standards of 5.2 MW wind turbine generator manufactured by the Adani Wind. The certification not only affirms the highest quality and safety standards, but also acknowledges Adani WTG’s conformity with the globally recognized IEC 61400 series standards and regulations for design, testing and manufacturing. The WindGuard carried out the testing of the WTG prototype, installed at Mundra in Gujarat.

India was once home to an estimated one in four students globally graduating with a science or engineering degree. But Indians' well-known love affair with engineering courses seems to be on the wane. Ahead of Engineer’s Day this Friday, Mint looks at the falling enrolments, weak job placements, and disappointing employability rate of India’s engineering graduates.

₹200/cylinder cut in LPG prices will likely reflect in the September CPI print, and may shave off 20-25 bps from the headline rate." Still, the CPI reading for Q2 is likely to be above the RBI’s projection, which has already been revised higher by a meaningful 100 bps by the central bank in the August monetary policy meeting. Thus, an upward revision in the RBI’s Q2 projections is on the cards. As such, the central bank has pencilled in a significant easing in price pressures in H2FY24.

Japanese Prime Minister Fumio Kishida has shuffled his Cabinet and key party posts to strengthen his position before a key party leadership vote next year, bringing in a new defense minister and the country’s first female foreign minister since 2002