COST Financial News

SAO PAULO (Reuters) — Industrial production in Brazil surprised economists with a small increase in June, but the positive figures are unlikely to prevent the central bank from kicking off a monetary easing cycle later this week.

(Reuters) — Pfizer (NYSE:PFE) will launch a cost-cutting program if demand for its COVID-19 products keeps underperforming expectations this fall, the U.S. drugmaker said on Tuesday, after quarterly sales for the vaccine and pill fell short of Wall Street targets.

Investing.com — Caterpillar (NYSE:CAT) has reported second-quarter profit and revenue that topped analyst estimates, as the world's biggest construction equipment manufacturer was boosted by higher sales volumes in North America.

New Delhi: Despite global economic uncertainties and a funding winter seen in the startup sector at large, investments in proptech firms dipped by a mere 3% to $719 million in 2022, according to a report by Housing.com. The report highlights that the sector has witnessed a cumulative investment of nearly $4 billion between 2009 and 2022, boasting an impressive compounded annual growth rate (CAGR) of 49%. Funding in proptech firms marginally declined from $742 million in the previous year, but certain segments within the industry drew substantial investor interest.

Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter. Tesla has been in talks with India for weeks about setting up a factory which will potentially build a $24,000 car for local sales and exports, however strained India-China ties threaten to complicate Tesla's plans for bringing in Chinese suppliers.

In this article

Sometimes home loan transfer becomes a necessity due to higher interest rates or when you are looking for better services and customer support. It is seen people often avoid loan transfer unless and until it is too difficult for them to continue with the old loan. However, opting for a home loan transfer, also known as balance transfer or refinancing, can be beneficial under certain circumstances for home loan borrowers.

Genie-us

New Delhi: Cargo movement on India’s national waterways witnessed increased 16% year-on-year during the fiscal year 2022-23, Union minister for ports, shipping, and waterways, Sarbananda Sonowal said in a written reply in the Rajya Sabha. “The traffic between Varanasi in Uttar Pradesh to Haldia (NW-1) increased from 10.93 million ton in 2021-22 to 13.17 million ton in 2022-23 recording an increase of 20.52%," Sonowal added.

Beauty stocks are losing their glow. The cosmetics industry historically has been more resilient than other discretionary categories during inflationary periods because consumers are reluctant to alter their grooming habits. Yet companies are now grappling with challenges including changes in consumer tastes and spending patterns, a slower-than-expected rebound in demand from China and a rise in theft.

Adani Total Gas Q1 Results: Adani Total Gas announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 1, reporting a rise of 9 per cent in consolidated net profit at ₹150 crore, compared to ₹138 crore in the corresponding period last year. The gas distributer's revenue from operations in the first quarter of current fiscal stood at ₹1,056.1 crore, registering a marginal rise of 1.3 per cent, compared to ₹1,042.3 crore in the year-ago period.

₹3 per litre from 1 August. Speaking about the rise in price, Deputy CM DK Shivkumar on Thursday said that with the increase in milk price, they want to help farmers. "We have to give money to the farmers, he said.

EV startup, Exponent Energy has showcased its proprietary energy stack — battery pack, charging station and charging connector — that together claims to offer 15-minute rapid charge. Exponent claimed that EVs powered by its stack are 30% more affordable due to optimised battery capacity which are 30% smaller, and 5 year financing (powered by 3000 cycle life warranty). Additionally, the company claimed, 15-minute rapid charging reduces EV charging cost by 33%. “At Exponent, we’re building the future of energy that combines cutting-edge engineering with real world economics, and our off-board thermal management system is a testament to that belief. For everyone to go electric, consumers need EVs that charge faster, last longer, and cost lesser. Our unique twosided approach to 15-minute rapid charging makes EVs last 3 times longer and cost 30% less than conventional EVs," said Arun Vinayak, CEO and Co-founder, Exponent Energy.

Berger Paints will consider a proposal to issue bonus shares to investors on August 9, along with the first quarter financial results. «The Board may also consider a proposal for issue of bonus shares by capitalisation of reserves, subject to approval of the shareholders in the forthcoming meeting,» the company said in a filing on Tuesday. The company has not yet announced the record date for the same.

compliance requirements of the European Union's Deforestation Regulation (EUDR) as it would hit agri exports, a report said on Tuesday. This regulation will hit India's agricultural exports worth USD 1.3 billion to the EU starting December 2024, think tank Global Trade Research Initiative (GTRI) said. «Indian exports may take a bigger hit than exports from other competing countries to the EU because of India's higher deforestation rate,» the report said, adding India's exports will also be affected by the complex compliance requirements of the EUDR and the EU's Foreign Subsidies Regulation (FSR).

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

₹1 lakh and will be available for purchase for the next three weeks. In September 2022, Mastercard had temporarily taken over from Paytm (One97 Communications Ltd), which had signed a deal with the board for ₹326.80 crore in 2019. Paytm was to fork out ₹3.8 crore per match, about 58% higher than the earlier ₹2.4 crore deal, but in July 2022, the company requested BCCI to assign the rights to Mastercard till March 2023.

RBI) raises rates in India to mitigate the impact of Fed hikes on foreign capital inflow and the rupee's health. But experts still believe that the RBI may maintain a status quo on rates and keep the benchmark repo rate unchanged for the third time in a row in its upcoming bi-monthly policy review next week.

Nirmala Sitharaman announced that the government would soon unveil rules on allowing Indian firms to list directly on overseas exchanges and at the International Gift City exchange in Gujarat. Next, the securities market regulator Sebi said it was working on introducing a T+zero settlement cycle, meaning instantaneous settlement of stock market transactions. There was also a media report that the government and the RBI are working on an alternative to the global payment messaging system Swift.

₹692 crore, the ministry of Jal Shakti said. The projects were approved at the 50th meeting of the executive committee under the chairmanship of G. Asok Kumar, director general, NMCG.