COST Financial News
13.09 / 09:21
COST
UPS
Provident
Align
country
Canada: If you are eligible for Express Entry category based selection should you apply for PNP?
In a bid to reshape its immigration landscape, Canada has introduced major changes to its Express Entry system and Provincial Nominee Program (PNP). The country aims to welcome 117,500 newcomers through the PNP annually by the end of 2025. These changes come in the form of six new attribute-based Express Entry categories, announced by Immigration, Refugees and Citizenship Canada (IRCC) on May 31.
13.09 / 09:13
COST
FIVE
Highways
Celebrity
India set to raise taller Tricolor flag at Wagah border, outmaching Pakistan's 400-foot
Amritsar will soon have the opportunity to witness the Indian tricolor flying high once again. As per a TOI report, India is preparing to install a national flag on a pole that stands an impressive 418 feet tall, surpassing the Pakistan flagpole in height. In response to India's tricolor flying atop a 360-foot pole on the border, Pakistan had erected its own 400-foot-high national flagpole six years ago.
13.09 / 09:11
COST
Target
FIVE
SENSEX
share price
Maruti Suzuki share price outperforms Sensex in last one year; experts say stock to stay in fast lane
Maruti Suzuki share price traded lacklustre on Wednesday. The stock fell over half a per cent in intraday trade on BSE and looked on course to extend the losses into the second consecutive session. The stock ended 0.30 per cent lower in the previous session.
13.09 / 09:05
13.09 / 09:04
COST
UPS
Progressive
Browser
show
track
cover
pension
Do you have enough to retire? – 5 tips to help boost your pension
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13.09 / 08:27
COST
UPS
Waves
Mobile
Apple
Indians likely to lap up iPhone 15 base models more than they wanted iPhone 14 base: Analysts
iPhone 15 base model, announced at Apple’s marquee fall event Tuesday, is expected to see a higher uptake in India as compared to the iPhone 14 base model last year, on account of significant design and feature upgrades, market trackers said. Locally made iPhone 15 base model is expected to be made available in the first wave of launch, making it the first time that both China and India-made units will go on sale the same day. Market trackers said this underpins the optimism and confidence Apple has from the South Asian nation, amidst increasing diversification of its supply chain in China. Tarun Pathak, research director at Counterpoint Research, predicted that the iPhone 15 base model is expected to sell 1.5 times more than the iPhone 14 base model last year, on account of significant differentiation. “The iPhone 15 base model will be more popular this time, due to the Dynamic Island, OLED display, and 48MP cameras. We expect it to sell 1.5 times more than the iPhone 14 in the first wave of sale,” Pathak said. Prabhu Ram, head of the Industry Intelligence Group at CMR added that the iPhone 15 model is the most compelling base variant from Apple in a long time. “The base model will appeal to upgraders upgrading from older generation iPhones, as well as switchers for whom the Pro models are out of reach”.
13.09 / 08:27
COST
Digital
Maxim
Platform
Strategy
Omni
Aditya Birla Capital Digital launches Payment Lounge. Details here
UPI, debit, and credit cards, direct-to-bank, via QR code scans, buy-now-pay-later, wallet, and link-based payment options. The Payment Lounge is underpinned by PhiCommerce’s omnichannel payment platform PayPhi - a one-stop solution that serves businesses' diverse payment needs across both online and offline channels.
13.09 / 08:27
COST
Provident
Remark
stage
India unveils 90 key border projects worth Rs 3,000 cr to counter heavily-fortified Chinese military posts
China, Defence Minister Rajnath Singh formally inaugurated a total of 90 projects on Tuesday. These projects, ranging from the pivotal Nechiphu tunnel on the road to Tawang in Arunachal Pradesh to revamped airfields, helipads, roads, and bridges, mark a significant stride in bolstering India's border infrastructure. The foundation stone for the enhancement of the critical Nyoma advance landing ground, located just 50 km from the Line of Actual Control in eastern Ladakh, was also virtually laid by Minister Singh during the ceremony commemorating the inauguration of the 423-meter Devak bridge constructed by the Border Roads Organization (BRO) in Jammu. The Rs 230 crore upgrade at Nyoma ALG, situated at an altitude of over 13,400 feet, includes the extension and reinforcement of the existing airstrip into a 2.7-kilometer «rigid pavement» runway capable of accommodating various fixed-wing aircraft for both defensive and offensive operations.
13.09 / 07:41
COST
Reuters
Fighting
HAL
country
Aeroflex in talks to enter aerospace sector - executive
Aeroflex Industries, whose metal hoses are used in utilities, refineries and fire fighting equipment, is in talks to enter the aerospace sector, a top company executive said, aiming to capitalise on the country's burgeoning space program. Following the recent success of its lunar mission, India launched its first solar mission, the latest step in its efforts to increase its share of the global satellite launch market by fivefold within the next decade. «It is our aim that our products be a part of India's next space mission,» Aeroflex Managing Director Asad Daud told Reuters in an interview last week. The company is in early-stage discussions with the likes of Hindustan Aeronautics Ltd (HAL) and Bharat Heavy Electricals Ltd (BHEL) and even the Indian Space Research Organisation (ISRO), Daud said. While HAL and BHEL are existing clients, the ongoing talks are a first for specific space-related projects, he said. The move will help the company, which made a stellar debut on the stock market about two weeks back, diversify its revenue stream. Aeroflex expects its total revenue to increase by 35% in the next three to four years, with at least 5% coming from aerospace, Daud said. Its revenue has surged over 86% in the past two years, to clock in at 2.69 billion rupees ($32.5 million) in the year that ended in March. Daud also said Aeroflex aims to cut imports of coils — a key raw material that accounts for half of overall raw material costs — from China in favour of local suppliers, who can deliver much faster. Aeroflex has three Chinese suppliers that, currently, meet 70%-75% of its needs for their coils.
13.09 / 07:41
COST
UPS
Digital
Booking
Gap
Cement a safer and better bet than steel for next few months: Rakesh Arora
Rakesh Arora, Managing Partner, Go India Stocks, says “cement is our preferred pick for the next few months. In steel, largely it is the long products which are seeing some bit of an uptick. But China has been producing a lot of steel and they have been exporting and so steel prices have not really been moving up in the global market. Any hint of a little bit of demand pickup is resulting in raw metal prices, iron ore and coking coal moving much ahead of steel prices.”Everybody is stunned by the magnitude of market fall yesterday. In isolation it looks ugly, but do you think that was an overbought market which was looking for a reason to correct? And unfortunately yesterday was that day.It is a minor correction in the whole scheme of things. And actually stocks are stabilising today, so I do not really see too much worry. Obviously, when something is overbought, such corrections are welcome and then only the strength of the up move can actually, the strength is much better if there are these kinds of corrections during the up move.
13.09 / 07:21
COST
UPS
FIVE
Airlines
Interface
IndiGo to use tech to study fatigue among their pilots
IndiGo will soon wear a wrist gadget and use a ground device to detect fatigue and check their alertness level before and after their flights. The airline will start this experiment in collaboration with French aerospace conglomerate Thales group to collect data and use it to make flight patterns and roster which are reduces tiredness of their pilots, The airline will also on board a sleep researcher who will work on its fatigue management system, according to an internal memo reviewed by ET. “After six years of research, they have developed a fatigue detection model, offering detailed insights into demographic data, including routes, pairings, crew profiles, and more, going beyond traditional scheduling- models. “IndiGo will conduct a proof-of-concept trial for their technology-driven interface to assess pilot alertness levels over the next few months. Once completed, we will collectively evaluate the efficacy and accuracy of the data,” Ashim Mitra, senior vice president of Flight Operations wrote in a note to pilots. However IndiGo will continue the existing system where pilots can ask for removal from duty when they feel tired. Initially, the ground devices will be set up at large bases of IndiGo like Delhi, Mumbai, Bengaluru and Chennai where pilots will undergo a five minutes test.
13.09 / 07:07
COST
Provident
BLOCK
Parke
country
PM Modi to lay foundation stone of projects over ₹50,000 crore in MP, Chattisgarh on September 14
Narendra Modi will visit Madhya Pradesh and Chhattisgarh on Thursday to launch a slew of projects in the two states. His office said in a statement that he will lay the foundation stone of projects worth over ₹50,700 crore in Madhya Pradesh from an event in Bina in the state. The projects include a petrochemical complex at Bina refinery and 10 new industrial projects across the state.
13.09 / 07:07
COST
UPS
Target
Progressive
show
India inflation eases significantly in August. Is the worst behind?
RBI) and bond investors even though it remained above the RBI's target range of 2-6 per cent. As Mint reported earlier, quoting data released by the Ministry of Statistics and Programme Implementation (MoSPI), food inflation, measured by the Consumer Food Price Index, which accounts for nearly half of the overall consumer price basket, slowed to 9.94 per cent in August from 11.51 per cent in July. Core inflation at 4.8 per cent remained in line with the market’s expectations.
13.09 / 07:07
COST
Apple
AirPods
iPhone 15 Price comparison: Should you buy the latest iPhone from India, US or Dubai?
iPhone 15, iPhone 15 Plus, iPhone 15 Pro, iPhone 15 Pro Max, Apple Watch Series 9, Apple Watch Ultra 2 and AirPods Pro 2 with USB-C charging support. Pre-orders for the iPhone 15 series will begin from September 15 while the flagship phones will start shipping from September 22.
13.09 / 06:35
COST
UPS
Waters
Strategy
show
country
Transforming mosquitoes from foes to friends in the battle against dengue fever; Everything explained
dengue fever in Honduras has meant teaching people to fear mosquitoes and avoid their bites. Now, Hondurans are being educated about a potentially more effective way to control the disease — and it goes against everything they’ve learned. Which explains why a dozen people cheered last month as Tegucigalpa resident Hector Enriquez held a glass jar filled with mosquitoes above his head, and then freed the buzzing insects into the air.
13.09 / 05:51
COST
FIVE
Manufacturing
Apple
country
blues
When can you buy Apple iPhone 15 phones in India. What's the price?
iPhone model you purchase on launch day may be manufactured in India. As per reports, Apple intends to make the India-built iPhone 15 available here and in a few other areas on the first day of worldwide sales on September 15. When will the iPhone 15 sale start in India?Apple will begin collecting preorders for the next iPhones on September 15 in over 40 countries, including the US, India, China, the UK, and Canada.
13.09 / 05:11
COST
UBS
guidelines
RBI issues guidelines for responsible lending; sets 30 day-limit to release property documents after loan closure
Also Read: UBS's Credit Suisse takeover, 'deal of the century'? In case of delay in releasing of original property documents or failing to file charge satisfaction form with relevant registry beyond 30 days after settlement of loan, the RE shall communicate to the borrower reasons for such delay. However, if the delay is attributable to the RE, it shall compensate the borrower at the rate of ₹5,000 for each day of delay, the RBI said.
13.09 / 05:11
COST
UPS
Target
Strategy
love
track
Ashish Kacholia Loves this Stock. Is it Right for You?
most successful people in the investing world reason their way through problems, I've learned some valuable lessons and their approach to life and business. Many of them like to point to their success stories and go over them all over again and again. And then there are the ones who keep a low-profile but whose track records speak for themselves.
13.09 / 04:39
COST
Apple
Apple iPhone 15 series starts in India from ₹79,900 onwards. Check full price list
₹79,900 for the 128GB version, while customers will have to pay ₹89,900 for the 256GB storage variant and ₹1,09,900 for the 512GB storage variant. The iPhone 15 Plus will be available at a price of ₹89,900 for the 128GB variant, ₹99,900 for the 256GB variant and ₹1,19,900 for the 512GB variant.
13.09 / 04:07
COST
UPS
Digital
Manufacturing
track
electronic
TSMC
Taiwan's TSMC prizes Japan's chips skills amid Arizona factory problems
TSMC, which is making an unprecedented push into chip manufacturing overseas, is taking an increasingly optimistic view of Japan as a production base, two industry sources said, as problems persist at its new factory in Arizona. TSMC, the world's largest contract chipmaker, is frustrated in Arizona, the sources said, where it has struggled to recruit workers for the gruelling chipmaking trade and faced pushback from unions on efforts to bring in workers from Taiwan.
13.09 / 03:49
COST
IPO
FIVE
Digital
Manufacturing
Software
It is always better to cry without investing than cry after investing: Sunil Singhania
Sunil Singhania, Founder, Abakkus Asset Manager LLP, says “the only theme we follow is whether the company can double profits in four to five years and a lot of these themes are interesting and exciting. But the valuation at which the IPOs are coming and the stocks are getting listed is something which at least conservative investors like us cannot comprehend.”You have followed a template of 15-15-15, return ratio of 15%, growth 15%, and PE multiple of less than 15. Is that template still at play or the market conditions are forcing you to change that template?No, it is becoming difficult for sure.
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