COST Financial News

United Airlines is reporting a profit of more than $1 billion for the first part of the peak summer travel season

Netflix enjoyed its biggest springtime spurt 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 ...

American Heartland Theme Park and Resort with support of American Heartland leadership. It is located in northeast Oklahoma just west of Grand Lake on Route 66, is set to become a leading attraction with a price tag exceeding whopping $2 billion. The project will be implemented in phases, with the first phase scheduled to open in the spring of 2025, featuring a large-scale RV park with cabins. The centerpiece of the development, a world-class theme park and resort, is slated to open its doors in 2026. The American Heartland Theme Park and Resort aims to deliver an unparalleled visitor experience that will rival renowned resort destinations worldwide. Spanning an impressive 1,000 acres, the development will include a 125-acre theme park, comparable in size to iconic attractions such as Magic Kingdom Theme Park and Disneyland Park. The project is being spearheaded by American Heartland, a developer deeply rooted in Oklahoma, and affiliated with Mansion Entertainment Group, LLC, a prominent performing arts, animation, and studio brand based in Branson. Notably, the design team comprises elite professionals in the theme park industry, including former Disney Parks builders and Walt Disney Imagineers. Renowned design firms such as THG, FORREC, and Cuningham, recognized for their work with iconic brands like Six Flags, Disney Parks, and Universal Studios, are involved in creating this extraordinary destination. The 125-acre theme park is projected to attract more than 4.9 million guests per year. Additionally, the development will feature a state-of-the-art 300-room hotel and a modern indoor water park, further enhancing the visitor experience.

MUMBAI : Healthtech platform Pristyn Care has suspended Rahul Narang and Saurabh Arora, the founders of Lybrate Inc., a day after the duo served a default notice demanding outstanding payment resulting from Pristyn Care’s acquisition of their company in June 2022, two people aware of the development said on condition of anonymity. Tiger Global-backed Pristyn Care, which runs a network of hospitals and clinics through partners, had acquired Lybrate to enter the primary-care segment. While the deal size was not disclosed, it was said to be $20-30 million, including payments to other investors of Lybrate, such as Nexus Venture Partners, Tiger Global Management, and Ratan Tata’s RNT Associates.

Grant Thornton Bharat report has said. The number of deals through mergers and acquisitions and private equity funding in this sector almost halved to 150 during January-June from 297 a year earlier while the drop in value was even higher — 61% — at $2.8 billion against $7 billion in the absence of big-ticket investments, said the report shared exclusively with ET.

Compass, Meridian, Grand Cherokee, and Wrangler models in the premium and super premium segment, is also considering introducing the 4Xe, Jeep's electrified brand, to India. Under the leadership of Aditya Jairaj who took charge as the deputy managing director of Stellantis Group in India and head-Jeep brand operations in May, the carmaker has launched a consumer scheme that is aimed at bringing down the initial purchase ownership cost. As part of making the price-to-value more attractive, it has discontinued the entry level variants of the Meridian—its three row SUV to re-align it with the market demand for higher trim variants. Additionally, it's looking to step up the brand and marketing spends in the world's fifth largest auto market as it seeks to get back to a position where it was two years ago. The exhead of EV strategy and transformation at Nissan Motor is also preparing the ground for launch of electrified models. “4Xe is the new 4X4. We are evaluating it for the Indian market, and we will bring it when the time is right,” Jairaj told ET.

The Victorian government is locked in a “delicate” negotiation in London over breaking the Commonwealth Games contract, which could cost as much as $2 billion, according to the state opposition and legal experts.

Nathan Tinkler says his firm is planning to pay a legal costs order of $240,000 after the business his private company attempted to sue applied to have Tinkler Group wound up.

₹5,000 crore for a period of 5 years, i.e., from 2023-24 to 2027-28. Despite India is known for its supplies of accessible and affordable generic drugs to the world, the expenditure in research and development particularly in the pharma sector is very low. The R&D sector accounts for only 7% of the overall expenditure by the Indian pharma industry, compared to over 35% spending in R&D in the developed countries.

As the wider brokerage industry figures out how to cut real estate costs in a work-from-home era, one firm, Charles Schwab Corp., said Tuesday it was closing offices in five cities because employees in those locations are now working from home.

namkeens, snacks and sweets, he said. “We are coming up with ad films that will be aired. The festive season is big for us, and that’s where our marketing spend is primarily skewed towards.

Medical tourism in India has been growing at a galloping pace. Interestingly, among the top 10 countries from where medical tourists arrive, nine happen to be majority-Muslim: Bangladesh, Afghanistan, Indonesia, Oman, Turkey, Iraq, the UAE, Sudan and Nigeria, the other being Nepal. This is a true, measurable sign of India's rising stature in the world.

₹6,1239 per bbl, having swung between ₹6,188 and ₹6,351 per bbl during the session so far, compared to their previous close of ₹6,221 per bbl. U.S. crude inventories fell by 708,000 barrels in the last week to 457.4 million barrels, Energy Information Administration data showed on Wednesday.  For the first time since January 2021, the data showed inventories in the Strategic Petroleum Reserve climbed, as the U.S.

Mint that its fund generated a 6% annual return for its investors. ICICI AMC told Mint that it is looking to liquidate its remaining investment in the fund by next March, in line with AIF regulations. Market regulator Sebi allows one additional year post the expiration of the term to liquidate assets and make distributions to investors.

New Delhi/Bengaluru NTT Ltd, which merged its data centre and information technology (IT) services divisions last October, is bullish on India, having announced a five-year, $2.5 billion investment in January to build data centres in Maharashtra. In a recent interview, Abhijit Dubey, global chief executive NTT, and NTT India CEO, Avinash Joshi, shared the company’s roadmap while explaining why India is NTT’s largest employee base outside its home turf of Japan, and how artificial intelligence (AI) will influence demand for data centres, among other things. Edited excerpts: What is the extent of operations for NTT in India? Dubey: We have about 40,000 employees in India, and it’s the largest outside NTT’s home base in Japan.

Railway Board is planning to run non-air conditioned, general category trains for low-income groups like migrant workers and labourers across the country as part of its regular timetable, senior officials said Wednesday. Usually, such special trains are run during festival time or in summer when there is a rush due to the holiday season. The new trains will, however, be permanent fixtures.

By Lucia Mutikani

NEW DELHI : Multiple specialty chemical manufacturers are staring at weak prospects in the near term, led by weak global demand and destocking of inventory. Declining chemical prices and increased competition from China post opening of the Chinese economy are putting pressure on their margins. The only solace for now comes from some decline in raw material prices.

Climate change is front and centre of the development debate going on around the world. We are finally seeing our economic system account for the cost and impact of air pollution on the environment by putting a value on every metric tonne of greenhouse gas (GHG) emissions. And our transition to a low-carbon economy is being spurred by consumers and governments as well as regulators.

₹3,534 crore. Although a low base has helped to some extent, the performance bodes well for the company’s overall growth outlook. Shares of Polycab have risen by 10% in the last two days with the stock scaling a new 52-week high of ₹4,325.15 apiece on Wednesday.

₹3,353 crore, also the highest Q1 number delivered by it. With that, the company has achieved 23% of its FY24 pre-sales guidance of ₹14,500 crore. Prestige Estates Projects Ltd saw sales value growth of 30% y-o-y in Q1.