COST Financial News
06.07 / 20:21
COST
UBS
UBS ordered to pay investor $532,846 for overly risky portfolio
Finra arbitrators ordered UBS Financial Services Inc. to pay a senior investor in Texas more than $500,000 for weighting her portfolio too heavily in unsuitable energy, real estate and financial securities.
06.07 / 19:05
COST
UPS
Career
ADP
The job market is still favorable for workers. ‘You’re in a lucky position,’ economist says
The U.S. job market is gradually cooling but remains hot despite a year-long government campaign to reign it in, amounting to a favorable environment for many jobseekers, economists said.
06.07 / 18:43
COST
UPS
Citi
Waters
Continental
What making the rupee globally acceptable will require on India's part
RBI, which is supposed to have the last word on rupee? The letter made no difference. Punters had the last laugh. Those days, RBI either sharply reacted to such phenomena, or shut its eyes when there was nothing it could do — as it refused to acknowledge the flourishing non-deliverable forward (NDF) market in Singapore, London and New York where big banks took positions on `/$ forwards and settled the trade in dollars.
06.07 / 18:43
COST
UPS
Waters
Indian
Indian Oil commits to investing Rs 54,000 crore in projects including a refinery in Tamil Nadu
Indian Oil Corporation Limited (IOCL), Chennai, has committed to invest Rs 54,000 crore in various projects in Tamil Nadu in the next few years, including a 9 MMTPA (million metric tonnes per annum) grass-root refinery at an estimated cost of Rs 35,580 crore, its executive director and state head (TN & Puducherry) V C Asokan said here on Thursday. This new refinery, which will come up on about 1,300 acres of land in Nagapattinam, will produce petrol and diesel for BS-VI specifications and also polypropylene.
06.07 / 18:35
COST
Gap
Will the rupee emerge as a global currency?
currency markets and financing balance of payments. It can also be used as a reserve currency or as capital assets by private players. The process is closely interlinked with the size of an economy and the scale of trade.
06.07 / 18:35
COST
UPS
Lowe's
week
Oil marketers’ shares hit 52-week highs on margin hopes
₹8-9 a litre in Q1. Moderation in both crude costs and softer product prices are likely to benefit OMCs’ marketing earnings in Q1, they said. The OMCs are being allowed to recover their losses on marketing during a high crude price environment.
06.07 / 16:37
COST
UPS
Provident
Puzzle
‘Biodiversity protection doesn’t mean millions of job losses — economic activity which encroaches on ecosystems quantifiably harms humanity’
Eyal Frank is an environmental economist at the University of Chicago’s Harris School of Public Policy. Speaking to Srijana Mitra Das, he outlines the economics of protecting habitats and species:What is the core of your research? Broadly speaking, my work tries to outline the social costs of bio-diversity losses.
06.07 / 16:19
COST
Strategy
Executive
RBI appoints P. Vasudevan as new executive director
The Reserve Bank of India (RBI) Thursday appointed P. Vasudevan as executive director.
06.07 / 15:55
COST
UPS
Lowe's
Costs
Define boundaries and state the fiscal costs of election freebies
₹3.25 per unit for an individual household with a connected load up to 100 watts and monthly consumption up to 30 units. But the minimum monthly charge of ₹45 is roughly three times the cost of likely daily usage of a 40-watt light bulb over three to four hours. There is also a bulk supply provision for slum clusters (without a minimum charge per household), but those charges are often unfairly distributed between households within the cluster.
06.07 / 15:55
COST
Provident
Highways
Gadkari approves draft notification to mandate AC installation in trucks
New Delhi: Union road transport and highways minister Nitin Gadkari on Thursday announced he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks belonging to categories N2 and N3. In a Tweet, Gadkari said, “Approved the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks belonging to categories N2 and N3. Truck drivers play a crucial role in ensuring road safety." He added that truck drivers play a crucial role in ensuring road safety.
06.07 / 15:55
06.07 / 15:55
COST
UPS
FIVE
Fighting
Uncharted
India can blend the EU and US models of AI regulation
During his visit to India, Sam Altman once again called for governments worldwide to regulate artificial intelligence (AI). At first glance, this proposition may seem paradoxical. Corporations generally prefer a laissez-faire approach from governments, favouring minimal regulations that allow businesses maximum freedom.
06.07 / 15:55
COST
end
'It’s the end': Former BharatPe cofounder Ashneer Grover critiques PharmEasy's plan to raise $300 million
₹5/share ever will get more shares so their holding cost comes to ₹5/share. Simply even last round VC investors who invested at ₹55/ share will get 10x more shares for free so their holding comes to ₹5/share.
06.07 / 15:43
COST
Provident
North America's biggest biochar plant takes shape in Canada
A group of Canadian and French companies will build a $80 million plant in Quebec to turn forestry waste into biochar, a black substance which can store carbon for hundreds of years and improve soil quality at the same time.
06.07 / 15:43
COST
Provident
Strategy
BAY
CIBC
Posthaste: Bank of Canada rate hike 'at best unnecessary — at worst a mistake,' says CIBC
A Big Six bank economist is calling on central bankers to stop hiking interest rates, labelling the last increase and any others to come as “unnecessary at best” because policymakers are misreading the tea leaves on consumer spending.
06.07 / 15:43
COST
UPS
COMPOSITE
Toronto housing market slips as Bank of Canada decision looms
The average price of ahome sold in the Greater Toronto Area slipped in June from the month prior, but remained above last year’s levels, according to monthly figures released by the Toronto Regional Real Estate Board (TRREB).
06.07 / 15:41
COST
UPS
Provident
CEO
Platform
CBRE introduces integrated solutions for project management; to hire around 400 employees in new business line
CBRE India on Thursday said it has introduced an integrated solution, backed by data and latest technology, for project management and will hire around 400 employees this year in this new business line to provide better services to its clients. The company has been doing project management for more than two decades. It has offered services to more than 1,300 clients and managed over 1 billion square feet area.
06.07 / 15:41
COST
UPS
Lowe's
Target
U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market
Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. But layoffs fell slightly, and more Americans quit their jobs — a sign they were confident they could find better pay or working conditions elsewhere. Job openings fell in healthcare, insurance and finance.
06.07 / 15:39
06.07 / 15:01
COST
Toyota
Innova
Toyota Kirloskar Motor hikes vehicle prices by 1 per cent
Kirloskar Motor (TKM) on Thursday said it has hiked the prices of its models by around 1 per cent in order to offset the impact of an increase in input cost. The company, which sells models like Innova Crysta and Fortuner, has realigned the prices of its models with effect from July 5, 2023, TKM said in a statement.
06.07 / 15:01
COST
Provident
Lowe's
Platform
Sebi looking to mandate FPIs to use RFQ platform for 10 pc of secondary transactions
liquidity on the RFQ platform and enhancing the transparency and disclosures pertaining to investments in corporate bonds, which in turn will encourage investment by FPIs in the corporate bond segment, Sebi said. RFQ, which was launched on BSE and NSE in February 2020, is an electronic platform that enables multi-lateral negotiations to take place on a centralised online trading platform with straight-through processing of clearing and settlement to complete the trade.
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