COST Financial News
06.09 / 11:19
COST
UPS
Target
MET
Gap
boost
Union Cabinet approves ₹3,760 crore viability gap funding to boost battery energy storage
₹3,760, or up to 40% of capital cost for private players to set up battery energy storage systems, to increase renewable energy capacity, Union minister Anurag Thakur said at a briefing. Thakur said that today India meets around 15% of its its electricity requirement through renewable energy, and 25% if hydropower is included. "We have set the goal of being able to meeting 50% of our energy requirement from renewable or non-fossil energy sources by 2030.
06.09 / 10:47
COST
Provident
Extreme
COMPOSITE
show
New Canadian homes could be too risky to insure as weather changes, experts say
Canada needs to create 3.5 million more affordable housing units, but the government could create a new crisis altogether if it isn’t strategic in how it chooses to address the issue, experts say.
06.09 / 10:47
COST
UPS
Assurant
Costs
Toronto housing market cools in August amid rising borrowing costs: TRREB
Home sales in the Toronto area declined on a year-over-year basis in August while the average selling price remained flat, as rising borrowing costs weighed on the region’s real estate market.
06.09 / 10:47
COST
social
Affordability
Even a deep recession won't restore housing affordability in Toronto: Desjardins
Even a sharp recession is unlikely to restore affordability to Toronto’s housing market, according to a new study from Desjardins that should give pause to those looking for a chance to buy in.
06.09 / 10:17
COST
UPS
BLOCK
Oscar
Bendigo puts Homesafe on the block but no one is biting
Regional banking player Bendigo and Adelaide Bank has been seeking to offload a key unit, its $950 million Homesafe business, Street Talk can reveal.
06.09 / 10:17
COST
UPS
MET
BLOCK
Aviat
Airlines
NOT
‘Could not be more evasive’: Dutton targets King over Qantas
Transport Minister Catherine King says she does not recall being lobbied by former Qantas boss Alan Joyce before she blocked more Qatar Airways flights, which the Coalition says commercially benefited Qantas.
06.09 / 10:11
COST
Supreme Court sets aside notification for Ladakh hill council polls, says NC entitled to 'plough' symbol
Supreme Court on Wednesday set aside the August 5 notification of the election department of the Union Territory of Ladakh for the hill council polls and ordered issuance of a fresh election schedule within a week.
06.09 / 10:01
COST
Provident
Citizens
awards
Costs
Bengaluru: Harassing elderly for just 35 paise credit card due costs private bank Rs 5,000
bank for harassing him over 35 paise credit card dues, was awarded Rs 5,000 as compensation. As per a report in the Times of India, a consumer court also asked the bank to give the elderly a no-dues certificate. The ordeal began when Ramesh Kumar PV decided to close his long-standing credit card account with the bank on November 20, 2019.
06.09 / 09:38
06.09 / 09:38
06.09 / 08:39
COST
UPS
NAB to cut 222 back office jobs
National Australia Bank is planning to cut 222 jobs in the personal lending, technology, corporate finance and client coverage departments.
06.09 / 08:39
COST
UPS
BLOCK
country
Power
Renewables
The bill to get power grids ready for renewables? $1.4 trillion a year
London | The need to build huge amounts of extra electricity transmission capacity worldwide is threatening to become a serious bottleneck in many countries’ push towards renewable energy, consultancy firm BCG has warned.
06.09 / 08:39
COST
Waves
Gap
Tesla
tax breaks
Tesla’s call for tax breaks for lithium is ‘on the table’: minister
Resources Minister Madeleine King says tax breaks for critical mineral projects and lithium processing are “on the table”, as the government seeks to compete with US and allied nations for international investment.
06.09 / 08:23
COST
Fighting
HON
SC allots plough symbol to JKNC ahead of polls, Omar Abdullah welcomes court's verdict
Supreme Court on Wednesday set aside the notification issued by the Union Territory of Ladakh for the election in the Ladakh Autonomous Hill Development Council (LAHDC) and allotted the 'plough' symbol to the Jammu and Kashmir National Conference (JKNC). Welcoming the Supreme Court's decision, JKNC Vice President Omar Abdullah said, «We have got the verdict we wanted and deserved.» Hitting out at the 'biased' UT administration, Abdullah said, the Bharatiya Janta Party, ably assisted by a totally biased Ladakh administration, did everything possible to deny us our rights. «Our symbol, the plough, was given to us by the Hon. Supreme Court earlier this morning.
06.09 / 07:53
COST
UPS
Strategy
Pool
UBS
exclusive
The $100trn battle for the world’s wealthiest people
wealth management was a niche service, looked down upon by the rest of finance. Now it is the most attractive business in the industry. Capital and liquidity requirements set after the global financial crisis of 2007-09 have made running balance-sheet-heavy businesses, such as lending or trading, difficult and expensive.
06.09 / 07:47
COST
UPS
Citi
social
Britain bankruptcy: This UK city has declared itself bankrupt
Britain's second-largest city has reportedly declared itself bankrupt and has shut down all non-essential spending after being issued with equal pay claims totaling up to £760 million ($956 million). According to a report by CNN, the deficit arose due to difficulties paying between around $816 million and around $954 million in equal pay claims.
06.09 / 06:29
COST
SC set aside notification for Ladakh hill council polls, orders fresh process in seven days
election department for the Ladakh hill council polls and directed the issuance of fresh notification within seven days for it.
06.09 / 06:21
COST
UPS
Provident
NIFTY
SENSEX
An expiry a day! BSE, NSE join forces to make daily derivative expiry a reality
Notwithstanding the fact that nine out of 10 individual futures and options (F&O) traders end up losing their capital, stock exchanges BSE and NSE have seen a sharp surge in retail derivative trading, supported by introduction of multiple index options. Earlier, option traders used to focus only on Thursday as being the weekly option expiry for two key indices Nifty and Bank Nifty, but now every day is a weekly expiry day. Option buyers and sellers now have multiple options to choose from. Here's how the derivative expiry calendar looks like now:
06.09 / 05:59
COST
UPS
Google
Apple
HON
2024
Low
Apple is planning to launch ultra-low-cost Macbook in second hald of 2024, claims report
Apple is reportedly working on an ultra-affordable Macbook in a bid to fulfil the needs of the education sector and take on Google's Chromebook. Reportedly, the new model will be priced significantly lower than the existing models by the Cupertino-based company.
06.09 / 05:45
Blockchain
COST
UPS
Provident
Digital
Racing
chess
ASX’s new CHESS oversight group put on notice by Greg Medcraft
Former ASIC chairman Greg Medcraft has urged the leader of the ASX’s new clearing and settlement advisory group, Alan Cameron, to make sure the exchange does not abandon blockchain technology and be left behind in the global capital markets technology arms race.
06.09 / 03:57
COST
Provident
Manufacturing
₹1 lakh for one biscuit: How packing one biscuit less in wrapper cost ₹1 lakh to ITC
₹1 lakh to FMCG major ITC. A Chennai-based consumer forum directed ITC Limited to pay ₹1 lakh for packing one biscuit less in a 16-biscuit "Sun Feast Marie Light" pack. A Chennai-based resident bought ‘Sun Feast Marie Light’ biscuits to feed stray dogs.
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