COST Financial News

Qantas chief executive Alan Joyce has refused to say whether more competition from Qatar Airways would lower international airfares, conceding only that prices were “coming down anyway”.

telcos are likely to spend less on 5G airwaves in the next auction compared to the last one in July 2022 as they have adequate spectrum holdings, ratings agency Crisil said. “All private telcos are believed to be adequately placed, having purchased spectrum worth Rs 1.5 lakh-crore in the previous auction…hence, the outgo for spectrum purchase at the next auction is expected to be lower than the previous one,” Crisil said in an official statement Monday. The government had mopped up over Rs 1.5 lakh-crore from India’s first auction of 5G spectrum last year, selling around 71% of the over 72 GHz of airwaves it put on the table.

free grains program well into next year’s national election season, according to people familiar with the matter, a move likely to support Prime Minister Narendra Modi’s reelection bid for a third term. The proposal involves continuing a $24 billion program by another six months to June 2024, said the people who asked not to be identified as the discussions are private. A final decision will be taken by Modi’s office in the coming months, they added. The extra cost is expected to be nominal and can be met through this year’s budget allocation, the people said.

Qantas says it is still sitting on more than $500 million worth of its customers’ money in flight credits, but that it could not quantify the exact amount because it changes daily.

Maggie Beer Holdings’ new chief executive says the gourmet food producer will be able to withstand lower consumer spending after posting a drop in sales and cutting the value of its gifts and hampers business.

Tata Steel Ltd., India’s second-largest steel producer, is upbeat on prices as Chinese steel exports decline. Chief Executive Officer TV Narendran spoke to Bloomberg News in an interview on the sidelines of the B20 Summit in New Delhi. Demand in India remains strong, though Europe will take until next year to pick up, Narendran said. He expects a decision from the UK government ‘in weeks’ on a proposal to fund the transition to greener steel production. The shift to green steel in India will happen only after 2030, he said.

CAG) of India has slammed the Mizoram government for incurring an «avoidable» expenditure of Rs 4.88 crore on formation cutting of Darlak-Sihthiang road in Mamit district due to «negligence». The CAG report tabled in the assembly by Chief Minister Zoramthanga in the recently concluded session said that the construction of the Darlak-Sihthiang road was undertaken under the Pradhan Mantri Gram Sadak Yojana (PMGSY) despite the village being already connected. It said that Sihthiang was connected by 11-km long Chuhvel-Sihthiang paved road, which is an all-weather road since December 2020. While the construction of the Chuhvel-Sihthiang paved road was being taken up in May 2016, an agreement was signed in August 2019 between Mizoram Rural Road Development Agency of the state Public Works department and contractors for the construction of Darlak-Sihthiang road at a cost of Rs 52.81 crore and the project was scheduled to be completed by June 2020. «The Detailed Project Report (DPR) for construction of Darlak-Sihthiang road indicated that Sihthiang village, with a population of 495 was unconnected from any part of Mamit district and the length of the proposed Darlak-Sihthiang road was 35.61 km and the estimated project cost was Rs 58.32 crore,» the audit report said. The contractor started the work in February 2020 and completed the formation cutting of 7.3 km in June 2021. However, the work was put on hold since July 2021 due to non-availability of Forest clearance and the department proposed for dropping of the project to the Ministry in July 2022, it said. Out of the contract value of Rs 52.81 crore, the PWD incurred expenditure of Rs 4.88 crore till April 2022. Meanwhile, test check of records of the Executive Engineer,

PLI 2.0 scheme that was tweaked for semiconductor making in June this year. His remarks came while addressing the ICEA report launch here. Speaking at the event today, the MeiTY Secretary said, “I am happy with the response to the scheme.

the main treatment for infertility around the world. At least 12m people have been conceived in glassware. An IVF baby takes its first gulp of air roughly every 45 seconds.

Zomato share price rallied over 5% in early morning trade on Monday amid reports of a block deal in the shares. Zomato shares jumped as much as 5.56% to a high of ₹96.00 apiece on the BSE. As per CNBC-TV18 report, around 3.2 crore Zomato shares worth ₹288 crore changed hands in the block deal window at ₹90.10 per share.

KUALA LUMPUR (Reuters) — Malaysia will create a «special financial zone» in embattled Chinese developer Country Garden's $100 billion project in the Southeast Asian nation and offer incentives to attract investments, Prime Minister Anwar Ibrahim said.

Consultants say they stand by their work done on the original business case for the 2026 Commonwealth Games, despite the Victorian government later claiming costs had more than doubled when they cancelled the event.

A better-than-expected final dividend has helped keepLiberty Financial’s share price relatively stable despite tougher lending conditions pushing after-tax profits nearly 20 per cent lower and an uncertain outlook.

Global technology and e-commerce giants are driving demand for direct air capture technology to remove carbon emissions, according to Sydney-based carbon removal company, AspiraDAC. but Australian firms are lagging behind,

Adani's plan to rehouse a million people living in one of Asia's biggest slums is fuelling worries among residents about his capacity to deliver amid high-profile financial setbacks and allegations that Prime Minister Narendra Modi's allies afforded him favourable treatment. The Dharavi slum, about three-quarters the size of New York's Central Park, featured in Danny Boyle's Oscar-winning 2008 movie "Slumdog Millionaire". Adani is at the helm of plans to redevelop Dharavi after the Maharashtra state government in July approved his $614 million contract bid to overhaul the slum, which is known for producing leather goods, following years of failed attempts.Adani Group aims to demolish what it describes in legal documents as an area of «unhygienic, deplorable» conditions and build new towers on state-owned land to accommodate residents and their businesses. Consultancy Liases Foras estimates Adani may invest up to $12 billion on remaking Dharavi and in return get development rights that could yield revenue of up to $24 billion. Only those who already lived in Dharavi before 2000, mostly ground-floor residents, will get free homes within the redevelopment. About 700,000 inhabitants of mezzanine and upper floors are considered ineligible by the government and will be offered units up to 10 kilometers away, which they say could require them to pay upfront costs or higher rents.

ethanol-fueled variant of Toyota's Innova car tomorrow, August 29, Tuesday. The minister provided the information while addressing the Mint Sustainability Summit here. Gadkari has been exhorting automakers to come out with alternative fuel-powered and green vehicles.

One of the programs set up to ensure affordable internet for all is set to run out by the middle of 2024

Indian Prime Minister Narendra Modi says his country’s role as the G20 host this year would focus on highlighting the concerns of the developing world, and has proposed the African Union to become permanent members of the forum

Rising trade barriers

A second container ship has left port through a temporary Black Sea corridor established by Ukraine’s government after Russia halted a wartime agreement aimed at ensuring safe grain exports

Electricity is being restored in most parts of Kenya, 14 hours after the longest outage in recent memory