COST Financial News

Small players are the biggest losers from the federal government’s $2 billion hydrogen fund based on new proposals showing it will focus on two or three flagship projects to expand the scale of electrolyser capacity to 1000 megawatts by 2030.

House Republicans are about to start an anti-ESG blitz that has been given its own month — a campaign that will test the party’s resolve and patience on the subject.

JPMorgan (NYSE:JPM) made headlines with its exceptional performance in the first quarter, reporting record-breaking revenue. As the largest bank in the U.S. with $3.74 trillion in assets, the bank achieved revenues of $36.1 billion, showcasing a remarkable year-on-year increase of 23.3%. The primary driver behind this revenue growth was net interest income, which surged by nearly 50% year-on-year, surpassing expectations and setting a new quarterly revenue record.

New Delhi: Union minister Jitendra Singh on Friday said that India has the potential to become a green hydrogen exporter. Speaking at the International Conference on Green Hydrogen 2023, Singh highlighted the launch of the National Green Hydrogen Mission, which reflects India’s determination to address the challenges of decarbonization on its path to achieving Net Zero emissions by 2070. Jitendra Singh emphasized India’s strong position as a global leader in Green Hydrogen production.

New Delhi: Prime Minister Narendra Modi on Friday flagged off the Gorakhpur-Lucknow and the Jodhpur-Ahmedabad (Sabarmati) Vande Bharat Express trains, the ministry of railways said in a statement. “Heralding a new era of comfortable and enhanced rail travel experience, two new Vande Bharat Express trains are running between Gorakhpur-Lucknow via Ayodhya and Jodhpur- Ahmedabad (Sabarmati)," the ministry said. These Vande Bharat trains flagged off today will improve connectivity among the state capitals and other cities, reduce the travelling time & enhance the comfort of journey.

₹6.5 crore for skill enhancement among coal miners, it added. Emphasising on skilled workforce as a key to safe and productive mining operations, Om Prakash Singh, Chairman-cum-Managing Director of MCL stated that regular training and upgradation of skills is required by leveraging cutting-edge technologies to match the advancements and introduction of new technology in mining sector.

The consortia will define the ‘problem’ or gap and fund research on the same at institutes, centres at institutes and groups of institutes, sources in the know said. Industry-academia collaboration and limited institutional level research spread are the key missing piece in India’s R&D ecosystem. The NRF hopes to address it through a multipronged strategy that will facilitate industry ownership of R&D initiatives and drive it down to the states. Critical to it is the funding plan that will be detailed in the Bill. The upcoming Bill proposes to set up NRF—an apex body to provide high-level strategic direction of scientific research in the country— at a total estimated cost of Rs 50,000 crore during five years (2023-28).

Finra expelled Monmouth Capital Management from the financial industry Friday for repeatedly committing trading and disclosure misconduct in violation of Regulation Best Interest.

By Lucia Mutikani

Investing.com — U.S. stocks were rising despite a weaker-than-expected jobs report and renewed fears that the Federal Reserve will continue to raise interest rates.

Bengaluru: Expanded metro connectivity, new flyovers and high-density corridors are among several infrastructure projects the new Congress government in Karnataka has proposed in its first budget for the state capital. These projects are expected to help ease traffic congestion in Bengaluru, which has been dubbed the second slowest city in the world. Managing solid waste accumulated in landfills over the years and addressing the causes of floods in the city are among other focus areas the chief minister outlined in the state budget Friday.

NEW DELHI : Mounting debt remains a major threat to emerging economies, Achim Steiner, administrator of the United Nations Development Programme (UNDP), said in an interview. While efforts are being made to ease the debt burden of developing nations, progress has been too slow, he said. The veteran civil servant proposed a $500 billion stimulus package under the sustainable development goals (SDGs) of the UN secretary-general to rescue the developing world’s financial systems.

NEW DELHI/AHMEDABAD : In a setback to Rahul Gandhi’s effort to regain his Lok Sabha membership, Gujarat High Court on Friday refused to suspend his conviction, and two-year prison sentence, in a criminal defamation case, saying that the Congress leader “breached the modesty", and “moral turpitude". The ruling sparked a political row with Congress deciding to appeal the verdict in the Supreme Court and the Bharatiya Janata Party alleging he was a repeat offender in insulting people, highlighting his remarks on the Modi surname before the 2019 general elections that led to filing of a criminal defamation case, which cost him his Lok Sabha seat.

Systematic investment plans (SIPs) have gained significant traction among investors seeking a disciplined approach to wealth creation. While SIPs offer numerous advantages, failing to pay the dues on time can have serious implication for an investor’s financial well-being.

Flipkart-Axis Bank Personal Loan up to Rs 5 lakh: Flipkart customers will now be able to get personal loans from Axis Bank. The e-commerce marketplace has entered into a partnership with Axis Bank to facilitate personal loans for its customers.

The head of global energy giant Shell says it would be “irresponsible” to cut oil and gas production at a time when the world economy is still dependent on fossil fuels

The average long-term U.S. mortgage rate climbed this week to a new high for the year, pushing up borrowing costs for prospective homebuyers already facing heightened competition in a housing market short on homes for sale

The railroad industry has sued to block a new minimum crew-size requirement that Ohio imposed after a fiery train derailment in East Palestine in February

The minister charged with an overhaul of this nation’s digitized system to assign a number to all Japanese has apologized, as doctors protested glitches with health insurance and local governments begged for clarity on how to go about handling the prob...

Maritime nations have been finalizing a plan Thursday to slash emissions from the shipping industry to net zero by close to 2050 but experts warn the deal falls well short of what’s needed to prevent climate catastrophe

U.S. officials have granted full approval to a closely watched Alzheimer’s drug for patients with early stages of the disease