COST Financial News

Shah Rukh Khan when it ends in September, people aware of the matter said. “With the edtech platform in serious trouble, Shah Rukh’s team is also hesitant to continue the association with the brand,” one of the people said. Byju’s had signed up the Bollywood actor in 2017 for an annual fee of close to Rs 4 crore, and he has been the edtech platform’s most visible face ever since.

ZestMoney has raised $5-7 million from a clutch of investors, including existing backer Quona Capital, according to two people aware of the matter. The funding comes in the wake of payments major PayU writing off its investment in the company. Last fiscal, PayU’s close to 15% stake in ZestMoney was valued at $38 million.

By Leika Kihara

Origin Energy is up against two European rivals vying for the right to build what would be one of Queensland’s largest renewable energy projects, supplying green energy to a plant in the state’s north that will produce vanadium.

Dubrovnik in Croatia from November onwards. Known for its natural beauty, architecture and famed stone-paved and cobbled streets, visitors who choose to carry their bags will have to pay a hefty fine of $288 (Rs 23630). The residents of Dubrovnik have complained about noise pollution when tourists drag their suitcases around the city's, claiming that the act keeps them up at night. It was because of this that the Mayor Mato Frankovic has introduced new rules that will ban tourists from dragging wheeled suitcases around the winding roads in Dubrovnik's Old Town. This action is a part of the Dubrovnik Tourist Office's «Respect the City» initiative. According to The Dubrovnik Times, Dubrovnik has continued to be a very popular tourist destination, with 289,000 visitors and 763,500 overnight stays since the year's commencement. In addition to having streets made of stone, the city's Old Town is renowned for its old walls that surround it, its sunny climate, and for being the location of King's Landing in the hit television series Game of Thrones. The city of Dubrovnik draws hundreds of thousands of visitors annually, making Croatia one of the most gorgeous countries in all of Europe.

Sky Cinema offers movie premieres along with the added bonus of Paramount+. To help you discover new favorites, we have compiled a list of upcoming premieres this month. The premiere dates may change. For Sky subscribers without movie channels, there is an additional cost of £12 per month for a minimum 18-month contract. Sky also offers ongoing deals, such as the Sky + Cinema + Netflix package, providing access to Sky channels (including Cinema) and Netflix for £37 per month over 18 months.

Elon Musk-led Twitter was hit by yet another lawsuit last week over non-payment of bills and rent. Australian project management firm Facilitate Corp has sought about A$1 million ($665,000) from Twitter over work done in four countries in the past year. The revelation came even as Twitter was forced to limit the number of posts users could see each day in a bid to lessen strains on Twitter’s servers.

During the quarter, 2,150 kilometres of highways were built, but new projects for only 600 km were awarded, said officials. India had constructed 1,966 km and awarded 969 km of highways in the corresponding months a year ago. “Highway construction for the first quarter of the fiscal is higher than the average of the last four years, which stood at 2,057 km,” a senior official told ET on condition of anonymity. Highways would have been constructed at a faster pace but for the irregular rains, said officials. Sector watchers said the upcoming state assembly elections in December could also cause some delays once the model code of conduct for the polls kicks in.

Finra posted a net loss of $218.1 million last year, primarily as a result of operating and investment losses, the regulator said.

By Valerie Volcovici

NEW DELHI : Go Airlines (India) Ltd will likely induct CFM engine-fitted Airbus A320 family aircraft when the bankrupt airline resumes flight operations as these have proven to be more reliable for the airline in the past, two people aware of the development said. “The airline is open to evaluating the CFM option, and preliminary discussions have taken place on the matter in view of the current scenario," one of the officials cited above said, requesting anonymity. CFM engines are produced by CFM International, an equal joint venture between France’s Safran Group and General Electric Co.

ginger, chillies and cumin are putting pressure on the kitchen bills. On Monday, the price of tomatoes at Delhi’s Azadpur mandi, Asia's largest wholesale market, shot up to rs 130 per kg from rs 100 on Friday. This is expected to increase the prices at the retail level to rs 170-180 a kg this week, traders said, while also warning of the prices possibly crossing the rs 200 mark. Ginger, a basic essential for Indian cooking, costs Rs 320 per kg at the retail level compared with Rs 200 a month ago, as supplies from Karnataka have reduced due to unseasonal rains causing damage to the crop. The ongoing unrest in Manipur has also shrunk supply of ginger from the state. Cumin or jeera, an essential spice in Indian kitchens, is hovering around Rs 55,750 per quintal at Gujarat’s Unjha Mandi. Jeera prices have rallied sharply on the back of strong domestic and export demand, coupled with a tight supply situation due to lower yield in the two main producer states of Gujarat and Rajasthan. A three-year low carryover stock of 50,000-60,000 tonnes has further pressurised the supply. “Unseasonal rains in March have affected the production of jeera adversely,” said Arvind Patel, vice president of the Unjha mandi.

Coinbase has said it wants to modernize its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits.

Tata Consultancy Services (TCS) will be announcing its first quarter results for the financial year FY24 on July 12, 2023. The second largest firm in terms of market share, will also declare interim dividend for the fiscal on the same day.

My husband and I both have a ₹10 lakh medical cover provided by our employers. I am pregnant and would like to know the amount that we can claim towards our hospital expenses for the delivery. Can we combine the covers from both the healthcare policies and get cashless facilities for both? —Name withheld on request Typically, group health insurance policies offered by employers carry a sub-limit for maternity delivery claims.

₹7 lakh per annum for TCS on all categories of LRS payments, through all modes of payment, and for all purposes, has been restored. The Central Board of Direct Taxes (CBDT) has issued some important guidelines on the implementation of changes relating to TCS under the LRS and for overseas tour packages. The restoration of the exemption limit is indeed a very positive move and removes the undesirable differential treatment for different purposes and modes of remittances.

Mint interviewed a few people about their experiences with buying agricultural land. Industry experts also weighed in on the factors to consider before such an investment. What to look out for? Shital Jain, a resident of Itarsi in Madhya Pradesh, is optimistic about investments in agricultural land, citing its higher potential for appreciation in value.

commercial services exports to 4.4% in 2022 from 2% in 2005, the World Bank and World Trade Organization (WTO) said Monday. In a report titled ‘Trade in services for development’, they said that in India, South Africa and Türkiye, jobs directly linked to cross-border services exports account for more than 10% of total services sector jobs.

New Delhi: The Central Bureau of Investigation (CBI) filed a second chargesheet against 17 accused in a 'Land for Job Scam', including the Ex-Union Minister of Railways, Lalu Prasad Yadav, his wife, and son, the investigative agency said in a statement today. It was alleged that the then Union Minister of Railways during the period 2004-2009 had obtained pecuniary advantages in the form of transfer of land in the name of his family members etc.

By Lucia Mutikani

For those overly optimistic about the US economic prospects for H2, I suggest revisiting Nike's (NYSE:NKE) fiscal Q4 earnings from last Thursday.