COST Financial News
02.08 / 16:35
COST
DNA
Corning
Bayer
Celebrity
Genetically modified corn is welcome but won’t help much
The iconic green cornfields of the US Midwest are about to shrink—not in acreage, but in stature. A new genetically modified (GMO) corn varietal stands on fatter stalks and grows about a third shorter than the height of conventional corn. Dubbed ‘smart corn’ by its developer, Bayer, this well-timed mutant has been designed to withstand the increasingly costly pressures of climate change.
02.08 / 16:35
COST
UPS
Maxim
performer
country
social
Our political economy works like a multi-player game
There are four main schools of political economy: The normative school with a benevolent policymaker at its centre trying to maximize a social welfare function; public choice theory with its focus on rule making; the Chicago school where policymakers redistribute wealth to maximize a support base; and the transaction cost school where each policy is a ‘play’ in a game where multiple principals try to influence an agent (policymaker) to maximize their own utility. Given our sub-optimal policy making history in the first four decades after 1947, the Indian political economy cannot be said to conform with the normative school model.
02.08 / 16:13
COST
UPS
Booking
show
Robust order outlook, margin revival to aid Thermax’s earnings
₹132 crore for the quarter ending June (Q1FY24), below analysts’ estimates. Jefferies India believes margin improvement will continue in the coming quarters, too. Thermax’s order trajectory has been healthy.
02.08 / 16:13
02.08 / 16:13
COST
UPS
Lowe's
Waters
country
cover
Food as fuel isn’t a plan that can take us very far
₹15 per litre as a potential price of petrol, a fraction of what refills cost in India. At a poll rally, he said the government wanted farmers to not only be “anna daata" (food givers), but also “urjadaata" (energy providers) as cultivators of crops from which ethanol can be squeezed for biofuels to run vehicles. If an average of “60% ethanol and 40% electricity" was taken, he reportedly said, then petrol would sell for ₹15 per litre, to everyone’s benefit.
02.08 / 15:31
02.08 / 15:31
COST
Citi
Target
Progressive
consequences
trudeau
Costs
Soaring housing costs could spell 'disastrous' political consequences for Trudeau
The soaring cost of Canada’s housing has become a major political problem for Prime Minister Justin Trudeau as his chief rival zeros in on generational grievances over affordability.
02.08 / 15:19
COST
UPS
Citi
FIVE
Digital
performer
Bank RoA at peak, need investment in tech, talent says McKinsey
bank profitability in the next couple of years, consultancy firm McKinsey & Co said. It expects banks' return on asset (RoA) to drop to 0.80% to 1% range in the next two years from 1.1% at the end of fiscal 2023. McKinsey expects the structural re-allocation of household savings away from deposits to hit deposit growth which together with high inflation will keep banks’ cost of funds on a upward bias.
02.08 / 15:07
COST
UPS
NLC along with UP govt to set up 1,980 MW thermal plant for Rs 19,406 crore
NLC India Ltd has entered into a joint venture with the UP government to set up a thermal power plant at a cost of Rs 19,406 crore. The plant will come up at Ghatampur near Kanpur in Uttar Pradesh, the Ministry of Coal said in a statement on Wednesday.
02.08 / 14:19
COST
Mehul Choksi, 49 Other Wilful Defaulters Owe ₹87,295 Cr To Banks: Finance Ministry | Details
The likes of Mehul Choksi - a fugitive and a defau... moreThe likes of Mehul Choksi - a fugitive and a defaulter have cost banks a ton of money.
02.08 / 13:58
02.08 / 13:57
02.08 / 13:57
COST
UPS
Citi
Hugo Boss stays strong amid tough China, U.S. markets
By Linda Pasquini and Helen Reid
02.08 / 13:55
COST
CEO
Gap
Starbucks
ICE
boost
From pizza delivery to robotic grills, US fast-food chains are turning to automation to boost speed
robotic grills to faster blenders with custom ice and milk dispensers, major US restaurant chains including Starbucks, Domino's, and Chipotle are touting new technologies to automate production, cut labor costs and potentially boost profit margins. Starbucks said it plans to roll out a coffee-making machine, the Siren System, in around 10% of its stores starting next year.
02.08 / 13:50
COST
UPS
Aviat
Airlines
India’s largest airline IndiGo set to launch venture capital firm
₹15,691 crore, up 89% from the previous quarter. Today, the airline reported its highest-ever quarterly profit of 3,090.6 crore in the April-June 2023 quarter on the back of robust demand for air travel during the period, lower fuel costs and favourable movement in foreign currency. “Given our strong liquidity position, we are also planning to invest in some aircraft and related assets.
02.08 / 13:49
COST
UPS
FIVE
Enterprise
show
fall
McKinsey expects return on assets of banks to fall in 24-30 months
Mumbai: Indian banks are likely to post a lower return on assets, between 0.85 and 1%, in the next 24-30 months as net interest margins (NIMs) contract due to repricing of deposits, showed an analysis by McKinsey & Co. Return on assets (RoA) of the banking system, a measure of profitability in relation to assets, stood at 1.1% in FY23, up from -0.2% in FY18 and 0.9% in FY22. “If we take a 12-18 month view, we expect RoAs to fall.
02.08 / 13:45
COST
UPS
Ford
Tesla
Ford restarts electric pickup truck factory after retooling to increase output, says orders are up
Ford is resuming production of the F-150 Lightning electric pickup after closing a factory in Dearborn, Michigan, for six weeks to triple production capacity
02.08 / 13:45
COST
UPS
CEO
Pfizer
COVID-19 Vaccine
Pfizer 2Q numbers tumble and COVID-19 vaccine, treatment sales dry up
Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023
02.08 / 12:53
COST
Provident
Aware
Mobile
country
International
How to Save on International Money Transfer Rates & Fees
money transfer fees. Having a good idea of such fees can help you find the money transfer service that offers the best money transfer rates. With that in mind, this article gives you an idea of the different fees that service providers charge so that you can save money on your next international money transfer.
02.08 / 12:53
COST
Provident
Compilation
GBP
DHI
country
Top 11 Best Hair Transplant in Turkey: Cost And Details You Must Know
best doctors and clinics in Turkey matters the most. With so many options, searching for the best one may be complex. So, here you will find all the details about getting a hair transplant in Turkey.
02.08 / 12:53
COST
UPS
Provident
Southern
country
Power
end
NLCIL’s Ghatampur thermal plant to generate 1,980 MW power by year-end
₹19,406 crore, the project aims to significantly contribute to the energy requirements of the region, it added. Currently in the implementation phase, the first phase of the power plant is expected to become operational as per plans. The plant is expected to cater to the power needs of Uttar Pradesh, providing a substantial 1478.28 MW of electricity.
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