COST Financial News

Decarbonisation of buildings is a key imperative to achieve the national net-zero goals, as buildings contribute nearly 40% of global emissions. In a conversation with ET Digital, Vijay Sankaran, vice-president and chief technology officer at Johnson Controls, says climate change is the most urgent challenge of our time and the answer to that lies in systemic digitalisation of buildings as well as using cloud, edge and AI to unite, automate and optimise systems.

Investing.com — Gold prices rose in Asian trade on Thursday, hitting an over two-month high as weak UK inflation data fed more bets that global interest rates were close to peaking, while some weakness in the dollar also helped.

Chris Ellison’s Mineral Resources has pulled out of a billion-dollar deal that would have seen it acquire a stake in lithium hydroxide plants in China owned by its partner, battery chemicals giant Albemarle.

Insurer QBE has taken an additional battering from US storms and tornadoes, but its natural perils loss was offset by premium growth holding up and investment yields improving.

Telstra will spend the next two weeks consulting with employees after confirming it will cut 472 jobs so it can automate operations and compete harder with software-based rivals for business customers.

Santos lowered its guidance for capital expenditure this year amid a delay in drilling at its Barossa gas project in the Timor Sea, but it is still aiming to resume work at the site by the year-end after resubmitting the environment plan for the controversial venture.

«Let us not call it liquidity reversal because the previous trend was only like odd in some sense although it happens every now and then but generally FIIs are buyers as in the last 20 odd years they would have been buyers in maybe 16 of those years,» says Samir Arora, Helios Capital.Let us talk about the big picture and the big picture is that flows have turned and flows are looking very strong. When you speak to some of your investors and your LP associates, are you getting a sense that the liquidity reversal which has happened from April onwards it is real and it is here to stay?100% and let us not call it liquidity reversal because the previous trend was only like odd in some sense although it happens every now and then but generally FIIs are buyers as in the last 20 odd years they would have been buyers in maybe 16 of those years.

Amur S Lakshminarayanan, MD & CEO, Tata Communications, says “digital products and platforms came with a lower margin at the gross margin level and this was again as per the industry norm and this is to be anticipated and that mix effect as a proportion of core connectivity reduces and the proportion of digital revenue goes up, it puts pressure on the gross margin level.”Tata Communications’ margins have continuously been falling. From 25.5% which we saw about four quarters back, it is now down to 21.5%. Is that because of the Switch acquisition being incorporated in the books?No, the margin falling is not purely because of the acquisition.

Indian Railways is planning to launch regular non-AC long-distance trains connecting major cities like Delhi, Mumbai, Surat, Ahmedabad, Bangalore, Chennai, and parts of Punjab. As per ToI report, the railways plans to start the train services before the next Lok Sabha election. The selection of these routes has been carefully determined by analyzing waitlisted ticket data and assessing the origin-destination patterns of high passenger volumes.

Filing your ITR using the income tax department’s portal is free of cost, whereas you will be charged for approaching a CA or using an online income tax filing website. Let us look at the charges for filing income tax returns on various popular portals like Clear, TaxBuddy, Tax2Win, Taxspanner, myITReturn and Quicko.ITR filing charges without any assistance

Reliance Industries - JIO financial Services Demerger: Reliance Industries share price opened at ₹2,580 per share ex-Jio Financial Services (JFSL) after the special pre-open call auction session on the stock exchanges Thursday. On BSE, Reliance share price opened at ₹2,589 apiece, while it started trading at ₹2,580 per share on the National Stock Exchange (NSE). Meanwhile, the Jio Financial Services share price was valued at ₹261.85 per share after the pre-opening session.

Reliance-JFSL demerger: The Jio Financial Services share price would list on the National Stock Exchange (NSE) at ₹273 per share. This calculation came after Reliance share price settling on NSE at ₹2,580 per share in special pre-open session on Thursday as the RIL stock had ended at ₹2,853 apiece on NSE ( ₹2,853 - ₹2,580).

Reliance-JFSL demerger: Ahead of Reliance Industries Ltd (RIL) and Reliance Strategic Investments Limited demerger, The RIL board has declared cost of acquisition of Reliance and Jio Financial Services Ltd. As per the latest exchange filing of the Reliance Industries has informed Indian stock market exchanges that after demerger, cost of acquisition for Reliance Industries Ltd would be 95.32 per cent while the rest 4.68 per cent for Reliance Strategic Investments Limited.

Gold prices inched up on Thursday, hovering near an eight-week peak on bets that the U.S. Federal Reserve might soon hit pause on its interest rate-hiking cycle. * Spot gold rose 0.1% to $1,978.59 per ounce by 0053 GMT.

IBM's second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses cut tech spending. IT companies have warned of more pain as businesses striving to cut costs in the face of rising inflation snip tech budgets, hurting the industry that saw rapid growth during the COVID-19 pandemic when businesses rushed to adopt hybrid work. IT majors such as Accenture and India's Tata Consultancy Services have also flagged demand weakness, with the former missing market estimates for quarterly revenue last month after its North America revenue grew at its slowest rate in about three years.

Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that offered struggling homeowners hope that interest rates will not rise as much as feared over the coming months

Nigeria is trying to make Africa’s largest economy reliant on its own wheat production

Online gaming companies are worried that potential repetitive taxation could be a death blow as they wait for detailed notification from the law committee of the GST Council, which has announced a 28% goods and services tax on the industry. This could lead to 50-60% indirect tax burden on gamers as mostly they use their winning money to play another game, which would be taxed again, and so on, industry executives said.

San Francisco | Netflix enjoyed one of its biggest spurts in subscribers since the early days of the pandemic three years ago, providing the latest sign that a recent crackdown on password sharing and the rollout of a cheaper version of its video streaming service are paying off.

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Canadian Prime Minister Justin Trudeau met with top officials after the longshore union renewed a 72-hour strike notice after already halting shipments in and out of ports in Canada’s west coast region of British Columbia for nearly two weeks