COST Financial News

inflation in India may be close to a peak. A few weeks ago, retail inflation, i.e. the price rise impacting household budgets, hit a 15-month high of 7.44%.

wage hike and two additional 3% annual lump sum payments over four years in its offer to the union ahead of the Sept. 14 contract expiration. GM shares closed down 0.8% to $32.57.

By Roushni Nair

(Reuters) — Goldman Sachs is planning for another round of job cuts for employees who are deemed underperformers, which could come as soon as late October, the Finanical Times reported on Thursday, citing people familiar with the matter.

By Jonathan Saul

By Yoshifumi Takemoto and Leika Kihara

Investing.com — U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

James Fayssoux Sr. is still working at 75 rather than enjoying retirement because he lost a substantial amount of money when a brokerage firm churned his portfolio.

Parth Jindal, managing director, JSW Cement and JSW Paints, outlined the company's growth plans as it prepares for a public listing next year. Edited excerpts:How is current market opportunity playing out for JSW Cement? Our capacity is currently at 19 million tonnes a year. By the end of this calendar year, we will be at 21 million tonnes in capacity.

Luxury-goods stocks slumped in Europe, wiping out more than $25 billion in market value, after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.

NEW DELHI : Many national capital region (NCR) residents seeking a quick getaway to nearby resorts to take advantage of the long weekend and escape the G20 summit-related curbs were left stranded at home as their preferred properties were either fully booked or offered only a few rooms at exorbitant rates. Check-ins at Gurugram’s ITC Grand Bharat resort this weekend will cost approximately ₹40,000, including taxes a night for a room for two, while Heritage Village Resort & Spa in Manesar-Gurugram will charge above ₹19,000.

The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale

Ashok Leyland, a Hinduja Group flagship company, will channel its capital expenditure towards developing various alternative fuel technologies for commercial vehicles over the next 18 months, even as it works on lowering development costs with partners, executive chairman Dheeraj Hinduja said. The company, known for its trucks and buses, has earmarked a capex of ₹600-700 crore for this financial year, and a significant part of it will be directed towards creating products with alternative fuel systems, such as hydrogen fuel cell buses, hydrogen-powered internal combustion engine (ICE) trucks, electric intermediate-trucks, as well as vehicles running on compressed natural gas (CNG) and liquefied natural gas (LNG). Leyland’s net-zero emissions subsidiary Switch Mobility has rolled out a range of electric light commercial vehicles (the IeV range) for last-mile transportation.

Mint reported. Even though the overall score took a dip, Indian firms recorded one of the best sales performances last month despite inflation pressures, according to S&P Global. Listed on 21 August, Jio Financial Services has had its share of volatile performance at the bourses.

Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone.

NEW DELHI : Cash transfers to landholding farming families under the PM Kisan scheme should be raised from ₹6,000 per year at present to ₹10,000, noted agricultural economist Dr Ashok Gulati has recommended in ongoing deliberations with the government, saying measures to check food inflation have come at the cost of farmers’ earnings. The economist’s inputs were earlier taken by Prime Minister Narendra Modi’s office ahead of the farmer income support scheme’s roll-out in the run up to the 2019 Lok Sabha elections.

Investing.com — U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

Is there a simple way to invest in Nifty Next 100 and Nifty Microcap 250 companies? Please suggest some ETFs (exchange traded funds) or mutual funds investing in these indexes. —V Muralidhar Naidu At present, there are prominent ETFs offered by mutual funds that invest passively in Nifty Next 50 Index, which are Nifty 100 companies after excluding the top-50 companies in terms of market capitalization (Nifty 50 companies). While you plan to invest in companies beyond the top 100 then you can consider investing in Nifty Mid Cap 150 ETFs where the investment is done in companies ranked 101-250 based in terms of market capitalization (m-cap).

Offshore wind farms should be one of the best solutions to the climate crisis but are turning out to be a lousy business. Getting the struggling industry back on its feet will require a new approach from companies and politicians alike. The public face of the crisis is Ørsted, a former oil and gas producer that became the world’s largest offshore wind-farm developer.

New Delhi: The regulatory framework for professionals valuing the assets of distressed companies will continue to be strengthened as a decision on whether to salvage an insolvent business or to liquidate it depends on the valuation of its assets, the ministry of corporate affairs said in its latest monthly update. The ministry said that the work of valuers is significant given that any wrong outcome of debt resolution—salvaging a company with no chance of survival or liquidating a potentially viable one—have disastrous consequences for the economy.

Victor Herrero, chief executive at Brett Blundy’s fashion jewellery chain Lovisa, cemented his status as one of the highest-paid executives on the ASX by taking home about $30 million in the 2023 financial year.