COST Financial News

Workers have begun loading radioactive fuel into a second new nuclear reactor in Georgia

Across the developing world, many countries are fed up with America’s dominance of the global financial system — and especially the power of the dollar

American Airlines is trying to crack down on a travel hack

North Carolina was ground zero in the nationwide fight over transgender rights with the passage of its 2016 “bathroom bill.”

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

A federal judge has denied a Utah bus company’s bid to block Nevada regulation of routes that run primarily between Reno and Las Vegas but briefly cross into California

Nissan is recalling more than 236,000 small cars in the U.S. because the tie rods in front suspension can bend and break, possibly causing drivers to lose steering control

TORONTO—Canada’s oil-rich province of Alberta has become the latest jurisdiction to push back against renewable-energy initiatives, declaring a seven-month moratorium on new wind and solar projects. The pause put in place by the province’s conservative government has provoked criticism from members of the renewables industry, which says the move threatens to undermine a fast-growing sector that has been contributing a growing share of energy to Alberta’s power grid. Alberta, which is home to Canada’s oil sands, the fourth-largest oil reserve in the world, announced earlier this month that it would pause until Feb.

Of all the news that caught the interest of oil traders this week, the one that really hit home was probably the EIA’s revelation that U.S. crude production had reached three-year highs — for a second week in a row.

Ashwini Vaishnaw, on Saturday highlighted the three priority areas selected by the Indian presidency for the Digital Economy Working Group Addressing the G20 Digital Economy Ministers' Meeting, here Vaishnaw said that the three priority areas selected by the Indian presidency for the Digital Economy Working Group are — Digital Public Infrastructure (DPI), Security in Digital Economy and Digital Scaling. The Union minister said that these three reflect the priorities of Prime Minister Narendra Modi. These priorities align with the broader global agenda of fostering a digital economy that is secure, inclusive, and equitable for all, he said.

Numaligarh Refinery Limited (NRL) plans to invest more than Rs. 35,000 Crore in different projects in next five years. The company is aggressively executing few more significant projects viz.

Samsung, a renowned player in the smartphone camera industry, is rumoured to be working on a range of cutting-edge camera sensors, potentially changing the game in mobile photography. According to a prominent tech leaker, Revegnus, who shared insights on X (previously known as Twitter), Samsung's pipeline includes four distinct camera sensors. Among these, the standout is the purported 440MP HU1 sensor. While its application in smartphones remains uncertain, industry insiders speculate that it could be used for non-smartphone domains like automotive or industrial sectors. This ambitious move aligns with Samsung's 2020 declaration to develop camera sensors with resolutions akin to the human eye, ranging from 500MP to 600MP, as per Phone Arena.

Audit regulator National Financial Reporting Authority (NFRA) is making sustained efforts to ensure that auditors who sign off on financial statements of companies and banks are independent. Mint takes a look at steps taken by the regulator. To draw investments, the reliability of financial statements and governance in Indian firms is essential, especially as policy makers actively promote India's prospects to global investors, aiming for developed country status within the next 25 years.

Modi on 19 August said that it is important to build consensus in order to secure digital economy, cautioning the G20 representatives against the security threat challenges to digital economy as it spreads globally. "We in G20 have a unique opportunity to lay a foundation of an inclusive, prosperous and secure global digital future.

Narendra Modi on Friday highlighted India's significant digital progress and its potential to serve as a testing ground for innovative solutions with global applicability while virtually addressing the G20 Digital Economy Ministers’ Meet. "With such diversity, India is an ideal lab for solutions.

CreditAccess Grameen is all set to enter the bond market next week to raise up to Rs 1000 crore in non-convertible debentures, as it looks to diversify the liability profile. This is the second bond raising by India's largest NBFC-MFI after raising Rs 500 crore in November last year.

Reliance Industries Ltd (RIL), Jio Financial Services (JFSL), will list on Indian stock exchanges on Monday, August 21. After the July 20 special pre-open call auction session, Jio Financial Services' share price was set at Rs 261.85 apiece on the NSE.

Floating Rate when it comes to home loans in line with the RBI's repo rate. Home loan eligibility is based on factors like age, qualification, income, number of dependents, spouse income, stability and continuity of your occupation, assets, and based on the value of the property proposed to be purchased. Home loan interest rate also depends on the bank you are applying to. The RBI states that banks are permitted to charge borrowers a margin plus risk premium in addition to the external benchmark rate. So, you should note that the final rate will depend on the risk premium which is related to your Cibil score and other factors.

Narendra Modi on Saturday lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone. It is heartening to see that more than half of these accounts belong to women, Modi posted on X.

India Inc's first quarter of FY24 wrapped up this week. Given the high base effect of the previous year’s June quarter, the revenue of Nifty 50 rose by 5% YoY in Q1FY24, representing the slowest growth in ten quarters. On the other hand, the profitability witnessed an adrenaline rush, recording the highest yearly growth of 33% in six quarters.

G20 Ministerial Meet, Prime Minister Narendra Modi said that India's digital public Infrastructure offers scaleable, secure and inclusive solution for global challenges. We have created global public digital goods depository — India Stacks — to ensure no one is left behind, he said.