Costs Financial News

24.07 / 13:41

COST Lowe's Airlines Boeing Costs Ryanair touts lower fares to fill planes as costs start to bite

Ryanair lowered its full-year traffic prediction and said it may need to cut ticket prices to fill seats as passengers become more cost-sensitive.

24.07 / 13:27

COST UPS Manufacturing show performer Costs Stable steel prices, lower input costs to aid profitability: JSW Steel

input costs will aid the margins of JSW Steel over the remainder of the ongoing financial year, especially in the latter half, Jayant Acharya, the company’s joint managing director, told ET. The selling price of the alloy has bottomed out after coming under pressure in recent months, and it should remain «range bound» at current levels, Acharya said. Prices of benchmark hot-rolled coils (HRC) of steel are in the range of Rs 55,000-56,000 a tonne before taxes, data show.

24.07 / 10:51

COST BASF Costs BASF India's Q1 profit falls on sluggish demand, high input costs

BENGALURU : Chemicals maker BASF India on Monday reported a fall in its first-quarter profit, hurt by weak sales and higher input costs. The Indian arm of Germany's BASF said its profit for the quarter ended June 30 fell nearly 43% to 1.13 billion rupees ($13.8 million), while sale of products fell to 33.43 billion rupees from 38.58 billion rupees a year ago.

21.07 / 22:47

business Adoption Binance Ripple Venture Capital Bitcoin Costs Crypto Biz: Binance slashes costs, Ripple ready for US banks and crypto VCs return

The crackdown on crypto firms by the United States Securities and Exchange Commission (SEC) appears to have severely affected Binance’s business. During the past few weeks, the crypto exchange reportedly fired over 1,000 employees and slashed some benefits.

21.07 / 13:21

COST Lowe's Mobile show country Costs Russia Boosts Rates as Ukraine War Costs Mount

Russia’s central bank raised its key interest rate Friday for the first time since shortly after the invasion of Ukraine, a response to a difficult new period for the economy of labor shortages, a weakened ruble and resurgent inflation. The Russian economy fell into a recession last year but survived the onslaught of Western sanctions thanks to a windfall of oil and gas revenues, state handouts and the ability to quickly reroute trade from Europe to Asia. Economists expect Russia to eke out positive growth this year.

21.07 / 07:07

COST UPS awards Deloitte Costs Snowy 2.0 hydropower contracts to be restructured as costs soar

Snowy Hydro’s review of its troubled Snowy 2.0 pumped hydro storage project is close to being completed as the federal government recalculates costs, which are expected to rise well above the previous forecast of $5.9 billion to around $10 billion.

20.07 / 16:55

COST Racing Costs FCA staff costs jump by £44m as watchdog races to meet expanding remit

The Financial Conduct Authority's headcount ballooned last year, as the markets watchdog's chair warns it continues to face "difficult choices" across an ever-expanding remit.

20.07 / 12:39

COST UPS Citi Costs Asset managers face higher product launch costs amid City watchdog’s second SDR delay

Further delays to the City regulator's ESG disclosure rules could end up costing asset managers that are waiting on clarity from the watchdog to greenlight product launches.

20.07 / 10:07

COST Aware Google Costs Fresh layoffs begin as beleaguered Dunzo looks to prune costs

layoffs impacting executives across divisions, people in the know told ET. The Reliance Retail-backed startup has been in the news over salary delays and for seeking fresh funding. The new round of job cuts was expected as it plans to cut costs significantly.

20.07 / 04:55

inflation credit cards Costs Travel rewards help cut costs on summer vacations amid rising prices

Canadians are changing their travel plans this summer due to rising costs of flights and hotels, according to a new Leger poll.

19.07 / 19:29

COST UPS Provident Man Action Costs Tinkler says his firm will pay costs order and avoid wind-up

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.

18.07 / 21:07

COST UPS FIVE Extreme Homeowners Costs As UK housing costs soar, anxiety grips homeowners and renters: 'I'm in meltdown'

For millions in the U.K., the cost-of-living crisis just never seems to ease

18.07 / 20:49

COST UPS Provident Target FIVE Costs Inflation cools to 2.8% in June, but food and mortgage costs up sharply

The rise in consumer prices decelerated again in June, but costs for shelter and food are still putting a strain on Canadians’ wallets, evidence that bringing inflation down to target remains a tricky balancing act for the Bank of Canada.

17.07 / 12:05

COST UPS Digital Parke Costs Okinawa launches 2023 Okhi-90 e-scooter in India, costs ₹1.86 lakh

e-scooter comes with a new battery pack and is equipped with multiple upgrades in terms of technology. The 2023 Okinawa Okhi-90 e-scooter is priced at ₹1.86 lakh (ex-showroom). Deliveries of the scooter will start in September this year. The company first introduced the Okhi-90 in the country last year.

16.07 / 19:09

COST Booking Costs NBFCs' growth pace to stay strong on loan demand, benign costs

finance companies (NBFCs) are expected to continue their growth momentum riding on strong demand for loans even as credit costs are likely to remain benign in the first quarter ending June 2023. Analysts expect profit growth for NBFCs in the 15% to 25% range with loan books likely to increase by about 10%.

16.07 / 17:25

COST UPS Costs How trading costs are split across govt taxes, brokerage?

Trading activity has once again picked up on the stock exchanges. The number of new demat accounts hit a 13-month high in June after 2.36 million new accounts were opened last month, taking the total tally to 120.5 million. This renewed investor interest comes in the wake of a run-up in the stock markets, which have reached new highs.

13.07 / 18:39

COST UPS Target FIVE TCS Costs IT employee costs touch a multi-year high

Mumbai/New Delhi: High employee expenses have prompted information technology (IT) companies to defer onboarding and promotions to initiate strict cost control measures. A weak deal pipeline and poor visibility for the next couple of quarters has compelled Tata Consultancy Services (TCS), HCL Technologies and Wipro to set minimal hiring targets. A Mint analysis found that in the first quarter of the financial year, wage costs as a share of revenue increased for all three companies to a record high in the last at least five years.

11.07 / 02:43

COST UPS Lowe's Action Patrick National Costs Interest costs on US national debt to exceed defense spending by 2028

American Action Forum President Doug Holtz-Eakin and Thru the Cycle President John Lonski join «The Evening Edit» to discuss the Fed raising interest rates for the 10th straight time.

10.07 / 10:55

COST Aware Google CEO Strategy Backed Costs Reliance Retail-backed Dunzo may cut more jobs to pare costs; defers 50% of June salary

Reliance Retail-backed quick commerce startup Dunzo may finalise its plans to terminate more jobs. It has had to already defer half of the June salary for employees at the manager level and above due to a ‘cash flow issue’, according to sources aware of the matter. Kabeer Biswas, founder and CEO of Dunzo, which closed a $75 million financing round through convertible notes in April, told his staff in a recent town hall that the June salary would be delayed due to a cash flow issue related to lenders, according to the people cited above.

08.07 / 22:31

COST UPS Provident Citigroup Metro Disaster Costs IAG splits with rival Suncorp, faces higher costs from disaster cover

Insurance giant IAG will wear bigger upfront damage bills from wild weather strikes and earthquakes under new terms cut for its own reinsurance protection.

08.07 / 09:27

COST Provident MAIL Extreme Apple Costs This iPhone 14 Pro Max costs a whopping ₹5 crore, surpassing the price of a Lamborghini! Why is it so expensive?

₹5 crore. It surpasses the cost of a Lamborghini Huracan Evo, which is currently available in India for ₹3.7 crore. The Diamond Snowflake edition, a collaboration between Caviar and British jewellery brand Graff, is an extremely limited edition phone with only three pieces available.

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