COST Financial News

MONTREAL — National Bank of Canada reported its third-quarter profit edged higher compared with a year ago even as the money it set aside for bad loans in the quarter also rose.

Electric vehicle tax credits aren’t just for new EVs anymore

The U.S. economy expanded at a 2.1% annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said in a downgrade from its initial estimate

Most Americans see climate change as a major threat. But income level seems to guide one's willingness or ability to live a greener lifestyle.

fuel price shock of 2022 could have been far more severe, potentially overwhelming the ability of many governments to mitigate it with public funds. IRENA’s new report confirms the critical role that cost-competitive renewables play in addressing today’s energy and climate crises by accelerating the transition in line with the 1.5°C warming limit.

IPO subscription status: Rishabh Instruments IPO was subscribed 65% on day 1 so far. Rishabh Instruments IPO opened for subscription today (Wednesday, August 30), and will close on Friday, September 1. Rishabh IPO received decent response from retail investors and non-institutional investors (NIIS) on day 1.

India's economy in April to June likely grew at the fastest pace in a year, bolstered by central and state governments opening up their wallets for capex, stronger consumption demand and higher activities in the services sector, according to some economists. A median forecast of an ET poll of 20 economists pegged the growth rate at 7.8 per cent for the first quarter of this financial year that started Apr. 1.

However, the Japanese brokerage does not expect bank earnings to deteriorate due to risks emerging from their unsecured portfolio due to the large contingency provision buffers that these banks carry. Nomura analysts Parameswaran Subramanian, Ankit Bihani and Ajit Kumar, assumed 250 to 300 basis points of credit cost in personal loans and about 600 basis points for credit cards.

₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. As a gift for the women in advance of Raksha Bandhan, the Union Cabinet on Tuesday lowered by 200 rupees the price of a 14.2 kilogramme LPG cooking gas cylinder. The decision was made as criticism of the Centre for its handling of rising inflation has grown.

OTT platforms, colour TV etc., people keep questioning the future of cinema. But cinema is the oldest, relatively economical, and most exciting form of entertainment in India. It has weathered numerous storms in the last century – from technological advancements to the rise of streaming platforms to even the pandemic – and yet, it stands firm, resilient, and ready to face whatever comes its way.

The Austrian government has presented a series of measures meant to counter the impact of inflation

Shilpa Bhaskar Gole, Founder, NerdyBird Financial Wellness, says “it is very important to have a Trust. This is something that parents do not want to go down that road because they foresee certain complications and having to go through all the legal hassles. However, I believe that having a trust is a very good way to set aside this money for your special needs child and ensure that there is on-going financial care for the child in a very systematic manner and making sure that these assets are ring-fenced from any others – be it creditors or other people who would want access to your money in your absence.”The financial future of special abled kids have to be properly planned, but more than that a lot needs to be done in terms of counselling and getting the mindset right. What according to you parents fear most when it comes to their specially abled children?There are a lot of fears that families with special needs go through on a day-to-day basis and the most important fear is about enabling their child to manage their lives independently and without their support.

Congress took a swipe at the Maharashtra government on Wednesday over the Dharavi slum redevelopment project, alleging that it was left with no choice but to defend its «brazenly questionable decision-making» to help the Adani Group take control of a prize real estate asset in Mumbai.

Transport operators in Jamaica have expressed interest in using the country's central bank digital currency (CBDC) for payments. 

In India, the life insurance industry is rapidly growing, and in 2027, it aims to reach INR 14.5 trillion. This growth is driven by a number of factors, including increasing awareness of the importance of financial planning, rising disposable incomes, and the growing popularity of digital channels.

By Abhinav Mital

SBI Life – Smart Annuity Plus Plan provides individuals with an option to pay once and achieve financial independence by receiving a pension at pre-determined intervals. However, getting adequate monthly income from this scheme comes at a cost. Let’s see how much amount a person, who has reached the retirement age of 60 years, will need to pay to get Rs 1 lakh/month and Rs 50,000/month under various options provided in this scheme.

Titagarh Rail Systems Ltd (TRL) formerly Titagarh Wagons on Wednesday said it has received a letter of acceptance for a Rs 350-crore contract from Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars. The standard gauge cars are for Ahmedabad Metro Rail Phase-II project, an official said. «The prototype Metro car has to be built in 70 weeks and the entire contract has to be delivered in 94 weeks.

farming robot in Brazil and in the United States, CEO Britaldo Hernandez said in an interview, in a sign of growing demand for "precision agriculture" tools in two of the world's largest food producers. Sold at a price of $50,000, the Solix AG Robotics unit can scout crops and monitor the development of individual plants, as well as target spray herbicide to save costs.

bank loan scam. A TV channel recently showed clips of the Wadhawan brothers enjoying various privileges in the guise of medical check-ups at government hospitals in Mumbai, while being in judicial custody. The Wadhawan brothers are currently lodged at the Taloja prison in neighbouring Navi Mumbai.

Tim Goyder, Chalice Mining’s largest shareholder, says a slump in the critical minerals explorer’s share price is an overreaction by a market that wants “a bed of roses” and needs to “get real” about long-term value.