Costs Financial News

By Juveria Tabassum and Ananya Mariam Rajesh

₹25 -50 lakh, depending on the type of school and the course offered. be it state, central or international boards. Higher education, though, depends on the stream that children decide to pursue after school: engineering, medicine, law, or accountancy.

banks in the government securities (g-secs) banks by diversification and encouraging non bank participants such as insurance companies, pension and provident funds helped in lowering borrowing costs for the government a study by the Reserve Bank economists shows «Scenario analysis indicates shallower increase in borrowing costs when non-banks absorb all new government debt compared to when it is absorbed entirely by banks, highlighting that RBI’s continued efforts to diversify the investor pool for G-Secs are well calibrated» said a research paper by Reserve Bank economists Amit Pawar, Mayank Gupta, Abhinandan Borad, Subrat Kumar Seet and Deba Prasad Rath published in the central bank's latest monthly bulletin. The authors are from the Department of Economic and Policy Research.

Helen Babineau wants to return to her home province of Nova Scotia, but that just isn’t in the cards right now.Originally from the Cape Breton community of Chéticamp, Babineau moved to the Northwest Territories with her then-husband in 2019 for a work opportunity.When the marriage ended, she returned to Nova Scotia in June 2021 – but not for long. The following year, she found herself moving back up north as life had become unaffordable at home.“I can support myself here, whereas in Nova Scotia, I couldn’t,” Babineau, 53, said in a phone interview from her home in Yellowknife last week.“I would like to move back to Halifax, where my children are, but I can’t afford to.”Babineau is just one of many Nova Scotians who feel like they are being priced out of their home province due to the rising cost of housing, groceries, and other essentials.A big part of the issue, she said, is the province’s low wages.

(Reuters) -Non-profit insurer Blue Shield of California plans to drop CVS Health (NYSE:CVS) as its pharmacy benefit manager and work with Amazon (NASDAQ:AMZN) and others to cut drug costs for its members and reduce reliance on companies that negotiate drug prices.

NEW DELHI : Centre saved about 12% in construction cost of the country’s first eight-lane, four-level Dwarka Expressway project from the initial estimates and the findings of official auditor CAG that the project cost was exorbitant and much higher than established cost structure, is misplaced, a person in the ministry of road transport and highways said on Wednesday. The person, speaking on condition of anonymity, said that all four packages of Dwarka Expressway were put for tender at an average civil cost of ₹206.39 crore per km but the contracts were finally awarded at a lower rate of ₹181.94 crore per km, thereby making a saving from the initial estimates.

MUMBAI : Indian companies’ aggregate legal expenses hit ₹40,000 crore in each of the last two fiscal years, two industry executives said, a figure that is expected to rise further driven by white-collar crimes, insolvency cases, mergers and acquisitions (M&As), intellectual property (IP) matters, and regulatory filings. Law firms have bulked up to meet rising demand, recruiting hundreds of law grads from campuses as well as from rival firms.

NEW DELHI : Consumer Price Index (CPI)-based inflation shot past estimates to hit a 15-month high of 7.44% in July as food and vegetable prices surged, breaching the Reserve Bank of India’s (RBI) inflation target range for the first time since February. A Mint poll of 19 economists had estimated a six-month high retail inflation of 6.50% in July, sharply up from June’s 4.81%, on account of a surge in vegetable prices.

Australia’s $11 billion renovations market is at the start of its first significant downturn in a decade amid a broader construction crunch and as interest rate increases and rising costs crimp spending on building.

₹205 crore compared to ₹17 crore for the March quarter, results for which were also announced on Monday. However, a reduction in fleet size caused a decline in operating revenues both year-on-year and sequentially. “Passenger volume, too, has reduced by 31% year-on-year, which took a toll on total revenues.

Credit card usage and spends have significantly increased as per the latest data by the RBI. These trends are leading to a competitive market landscape where new cards are being launched with more and more features to grab consumers. Old cards are getting outdated with new cards offering better services and features such as complimentary golf classes, access to airport lounges, reward points and cashback on every transaction, etc.

Mint spoke with some parents to understand how they finalized their hospitals and how much they paid in hospital costs at the time of delivery. Metro charges Niranjan Avasthi, senior vice-president, Edelweiss Asset Management Company, 39, who resides in the suburbs of Mumbai, says he and his wife Sharvari opted for Mamta Maternity Home located near their house for his second baby’s delivery. The baby was delivered in June 2021.

retail sales. Given the small size of the business relative to the regulatory issues it creates, the company last year discussed offering to exit from the business as a concession to the FTC if the agency followed through with its lawsuit, the Journal reported. It couldn’t be determined whether Amazon has offered to regulators to exit from the business.

There's plenty of young people interested in starting a career in farming. A farmer needs land, but buying land is more expensive than ever.

Cab aggregator Ola doubled its revenue in the financial year March 2022, reflecting a recovery from the widespread disruptions caused by the pandemic to the mobility business globally. The company, led by co-founder and chief executive Bhavish Aggarwal, posted a consolidated operating revenue of Rs1,970.4 crore in FY22, rising from Rs983.2 crore in the year before, showed its latest annual filings with the Registrar of Companies. The improved financial performance came amid an easing of covid-induced lockdowns and a gradual recovery in travel demand.

Apollo Tyres Thursday said its consolidated net profit jumped two-fold to ₹397 crore for the June quarter against ₹177 crore in the corresponding period last year. The company reported a bigger-than-expected rise in quarterly profit, boosted by lower rubber costs and robust domestic auto sales across markets. Revenue from operations for the quarter increased 5% to close at ₹6,245 crore in the June quarter, as against ₹5,942 crore in the year-ago period, the company said in a statement.

retail sales. Given the small size of the business relative to the regulatory issues it creates, the company last year discussed offering to exit from the business as a concession to the FTC if the agency followed through with its lawsuit, the Journal reported. It couldn’t be determined whether Amazon has offered to regulators to exit from the business.

Americans are paying more to rent or insure their homes than a few years ago and much more to buy one with a mortgage, but there’s a silver lining in that hardship: A cool-down could help convince the Federal Reserve to pause its series of interest rate hikes. Thursday’s report from the Labor Department on inflation showed that more than 90% of the increase in prices in July came from shelter. Other big contributors were things like motor vehicle insurance.

By Alun John and Brigid Riley

India's Pidilite Industries, maker of adhesive brand Fevicol, reported a more than 32% rise in first-quarter profit on Thursday, aided by strong demand and reduced input costs. The company's consolidated net profit rose to 4.68 billion rupees ($56.53 million) for the three months ended June 30, it said in an exchange filing.

By Nate Raymond