COST Financial News

NSW Treasurer Daniel Mookhey says higher taxes on the state’s coal industry will have only a “negligible” risk of increasing power prices, as the Minns government considers whether to follow Queensland’s lead and increase coal royalties.

Jaybro, which sells and delivers items such as drill bits, concrete barriers and high-vis workwear twice a day to construction sites, is delivering 15 per cent growth as spending on infrastructure projects ramps up.

FRANKFURT (Reuters) — European Central Bank policymakers debated raising banks' mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation, two sources close to the matter told Reuters.

By Balazs Koranyi and Francesco Canepa

The climate-change movement is a powerful cultural entity. It does not affirm or negate the reality of its core narrative, which is for science to decide. Culture does, however, explain the power and prevalence of the narrative, the political and societal responses to it and the apparent willingness of many people to incur immense cost to avert a supposed existential threat, without proof of either its existence or our ability to alter its impact. In a new book available from the Global Warming Policy Foundation, The Grip of Culture: the Social Psychology of Climate Change Catastrophism, Andy A. West, who works for the Philosophy Foundation in London, provides an academic analysis of the phenomenon. Its lessons have particular relevance to Canada’s climate obsession.

Good morning,

Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge on food bills. Justice Prathiba M Singh directed that the costs shall be paid to the Department of Consumer Affairs.

Cost-Effectiveness: Hair transplant procedures in Turkey are frequently less expensive than those in many other nations, making it a desirable choice for people looking for a budget-friendly option. Follicular Unit Extraction (FUE) and Follicular Unit Transplantation (FUT) surgeons with experience in the most recent procedures are available in Turkey, which also has a big number of reputed clinics for hair transplants. Modern equipment and state-of-the-art facilities are provided by many Turkish clinics to guarantee that patients receive the best care possible.

IIFL Finance on Thursday reported a 43 per cent growth in net income to Rs 473 crore for the June 2023 quarter on higher loan growth led by gold and home finance. While gold loans grew 29 per cent, home finance jumped 23 per cent, and microfinance loans soared 63 per cent, and loans against property grew 54 per cent, pushing the overall loan sales by 31 per cent to Rs 68,178 crore, of which off-book assets stood at Rs 26,663 crore, up 45 per cent, the company said in a statement. Its income rose 21 per cent year-on-year to Rs 1,420 crore, the company said.

(Reuters) -Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy.

Investing.com –The European Central Bank raised its key deposit rate by 25 basis points to 3.75% Thursday, its ninth increase in a row, as expected, as it continued to battle persistent inflation.

Investing.com — U.S. stock futures edge higher as traders weighed comments from Federal Reserve chair Jerome Powell following the central bank's decision to resume its long-standing tightening cycle. Elsewhere, Meta Platforms delivers a second-quarter earnings beat and sounds a positive note on its massive bet on artificial intelligence, while chipmaker Intel is due to report its latest results after the bell.

Investing.com — Meta Platforms rose more than 7.5% in pre-market Thursday after the social media giant's second quarter results topped Wall Street expectations, driven by a jump in advertising revenue.

₹54 to ₹61 per equity share and the share will be listed on the NSE SME exchange Monday, 7 August. Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.

European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, even as worries about recession fuel speculation that Thursday's hike could be its last.ECB President Christine Lagarde had all but promised the quarter-percentage point increase. That puts the focus at her post-meeting news conference on whether the bank will raise rates again at its September meeting or hold off after a record series of rate hikes.

European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop. The central bank's ninth straight increase took the closely-watched deposit rate to 3.75 percent — a level last seen in May 2001 and equal to its previous record high. But the ECB removed a clear hint at further hikes from its policy statement, meaning a fresh increase at the ECB's next meeting in September should not be taken for granted.

₹10,000 crore buyback (3.33 crore shares). A retail investor, defined as one holding up to ₹2 lakh of a company’s shares, can buy 66 shares of L&T (3000 x 66 < ₹2 lakh), rounded off for convenience. At Thursday’s closing price of ₹2,660, the offer of ₹3,000 is at a 13% premium, which is an attractive proposition .

After enjoying a strong run where they could keep raising prices to boost their profits, companies are now stuck in a vise

Redmi 12 5G could be offered in two models. These may include 6GB RAM with 128GB storage, and 8GB RAM with 256GB internal storage. According to him, the 6GB RAM variant may cost ₹9,999, while the 8GB RAM model could be priced at ₹13,999.

₹1,00,000 on the National Restaurant Association of India (NRAI) and the Federation of Hotel & Restaurant Associations of India (FHRAI) to pay as costs for non-compliance of service charge directions issued on 12 April. The court has directed that the costs be remitted to the Department of Consumer Affairs.

Filing of Income Tax Return (ITR) before the July 31 deadline is important for taxpayers to avoid penalties. But in case you file an ITR with some mistakes and fail to rectify it before the due date, there is no need to panic. Tax experts say that you will be able to rectify ITR errors by filing a revised return even after the due date.