COSTS
Curbs on ecommerce dark patterns to raise compliance costs
The government is cracking down on deceptive online practices. Consumer internet companies face increased scrutiny. They must conduct self-audits to eliminate 'dark patterns'. These patterns trick users into unwanted purchases. A joint working group will monitor compliance. Companies will need dedicated teams. Experts believe sustained enforcement is crucial for consumer trust. This move impacts startups and large firms alike.
As routes shift amid Israel-Iran conflict, flight fares go on steep ascent
Airfares from India to international destinations have surged recently, impacting summer holiday travel plans. The Israel-Iran conflict causing airspace closures, fuel price fluctuations, and reduced seat capacity are contributing factors. Europe, particularly France, Germany, and the UK, are experiencing the most significant fare increases, with potential for further rises if disruptions persist.
He is the hairstylist of Ambanis, Virat Kohli and Ranbir Kapoor. Who is Aalim Hakim, and how much does he charge for each haircut session?
Aalim Hakim, Bollywood's go-to hairstylist, styled Anant Ambani's pre-wedding look, opting for a modern man bun that became the event's signature. He also crafted Ranbir Kapoor's distinct 'Animal' hairstyles, drawing inspiration from Michael Jackson. Hakim revealed his base price starts at Rs 1 lakh per haircut, emphasizing the consultation, expertise, and professional service provided.
Banks are financing their own multitrillion-dollar nightmare
Despite climate risks, the world's largest banks increased fossil fuel financing to $869.4 billion last year, reversing previous declines. This surge aligns with a political shift against environmental considerations, potentially costing trillions in global GDP and exacerbating climate-related economic damage. The US alone faces significant financial losses and increased risks to home valuations due to climate disasters.
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You earn Rs 75 LPA and still cry it is not enough in Bengaluru or Gurgaon? Entrepreneur gives a reality check, says I too could have bought a Mercedes
Abhijit Chakraborty's LinkedIn post sparked debate. He questioned high-income earners complaining about finances. Chakraborty criticized excessive borrowing for lifestyle maintenance. He shared his own financial choices as an example. Reactions varied from agreement to accusations of boasting. The post raised concerns about credit culture and lifestyle inflation. It highlighted the need for mindful spending.
Canada Post reaches deal with rural union after 18-month standoff as talks stall with 55,000 CUPW workers
Canada Post and Canadian Postmasters and Assistants Association reach a new contract. The contract gives wage increase to 8,500 members. Talks with the Canadian Union of Postal Workers continue. The Union imposed overtime ban since May. Urban mail carriers face stress. Canada Post reports losses since 2018. The corporation says it cannot afford wage hikes.
Indian Banks' earnings growth forecast halved amid economic caution and high deposit costs
Indian banks are facing a significant slowdown in earnings growth, potentially halving to 6.5% in FY26 due to a cautious economy and reduced core profits. Muted credit demand, high deposit costs, and RBI's measures to control unsecured lending contribute to this deceleration. However, a rebound to 16.1% is expected in FY27 with anticipated rate cuts and improved demand.
Viral post explains why 'Rs 70 lakh is the new middle class' in Gurgaon, Mumbai, or Bengaluru, and offers "practical advice"
A Gurgaon-based investment banker's LinkedIn post has gone viral, highlighting the financial struggles of high earners in metro cities. Despite a Rs 70 lakh annual salary, rising costs, loans, and lifestyle pressures leave little disposable income. The post advises careful consideration before making major purchases like homes, resonating with many professionals facing similar financial constraints.
Mona Lisa will smile from a gallery of her own, but seeing her will cost extra
The Louvre is set to renovate with a new gallery for the Mona Lisa. Visitors will need to pay an extra fee to view the painting. The renovation plan costs €800 million and is expected to finish by 2031. The aim is to reduce crowding and improve the visitor experience. Non-EU citizens will pay more for general admission.
Rising costs force OTT platforms to buddy up
Indian OTT platforms are changing strategies. They are now sharing content rights to manage costs. This shift includes films and even live sports. Recent examples include Tamil and Telugu films on multiple platforms. Sony also sublicensed cricket rights to JioHotstar. Experts believe this trend will continue. It offers cost efficiency and broader reach for content.
'70 LPA is the New Middle Class': You will have nothing at the end of month if you have a home loan, warns banker
An investment banker's LinkedIn post reveals that even a ₹70 lakh annual salary can feel like middle class in India's metros. High home loan EMIs, car loans, school fees, and urban inflation leave little room for savings or discretionary spending. The post advises rethinking large housing loans to avoid this financial trap.
Musk’s xAI burns through $1 billion a month as costs pile up
Elon Musk’s xAI is burning $1 billion monthly, with plans to spend $13 billion in 2025 despite limited revenue. To stay afloat, it’s raising $9.3 billion in funding. High infrastructure costs and intense competition challenge profitability, though xAI hopes to break even by 2027.
Trump's changing stance on Israel-Iran war hints Netanyahu's plans for Ayatollah Ali Khamenei is costing Jerusalem dearly
Following a surprise Israeli attack on Iranian nuclear facilities, the conflict has escalated into a war of attrition, prompting President Trump to demand Iran's unconditional surrender. Iran has responded with missile barrages, straining Israel's defense systems and finances. With costs mounting and defensive capabilities potentially limited, the US intervention may be necessary to subdue Iran and its nuclear ambitions.
Still riding petrol? Electric two-wheelers cost you just Rs 1.48/km, study says
India's transportation landscape is undergoing a silent revolution with electric two-wheelers poised to dominate. By 2050, nearly 70% of vehicles will be two-wheelers, with electric models offering a lower total cost of ownership at ₹1.48 per kilometre compared to petrol vehicles at ₹2.46.
Digital Divide: MSMEs struggle to tap into AI revolution as high costs block access
MSMEs in the country are facing challenges in adopting AI solutions due to financial constraints, including the high costs of infrastructure, tools, and training.
Indian airline breaks into world’s top 3 low-cost carriers at aviation’s Oscars 2025
India’s largest airline, IndiGo, has been named the world’s third-best low-cost carrier in the 2025 Skytrax World Airline Awards. Malaysia-based AirAsia topped the list, followed by Singapore’s Scoot. However, no Indian airline made it to the top full-service carriers list, which was led by Qatar Airways. This is the ninth time Qatar Airways has claimed the top spot in the 26-year history of the awards.
Rs 15 lakh salary in India vs $80,000 in Canada: CA decodes what 'blind' obsession with foreign life could cost you
Many Indians dream of Canada, but a new analysis suggests a Rs 15 lakh salary in India can offer a better lifestyle. High taxes and living costs in Canada can diminish the appeal of an $80,000 income. Many migrants face job struggles and isolation. While some professionals thrive, others find it a tough hustle.
Trai caps connectivity costs of public Wi-Fi providers
To boost internet accessibility under the PM-WANI initiative, the telecom regulator has capped broadband connectivity costs for public Wi-Fi providers. This decision, overriding telco objections, sets the cost at double the rate of home broadband services. The move aims to increase public Wi-Fi hotspots, addressing the slow progress towards the initiative's ambitious targets.
Analysts predict strong growth for Bajaj Electricals amid cost optimization and premium products
Bajaj Electricals' stock surged after positive March 2025 results. The company anticipates double-digit operating margins, driven by premium products and cost control. A new UAE subsidiary aims to boost exports. Analysts project revenue growth. Profitability expansion faces challenges from increased advertising and EPR costs. While consumer product margins improved, lighting margins dipped.
Air India discontinues full-service carrier at Imphal, low-cost subsidiary to continue ops
Air India has ceased its full-service operations at Imphal International Airport from June 15, according to AAI officials. However, its low-cost subsidiary, AI Express, will continue providing services. This decision is part of a pre-planned strategic realignment by the Tata Group, ensuring continued air connectivity for the region with a shift in service model.
How will the surge in crude oil prices affect various sectors?
Global crude oil prices are rising. This may impact the profits of several companies. Sectors like refining, paints, and aviation could face challenges. Oil producers and electric vehicle companies might benefit. India imports most of its crude oil. Sustained high prices could cause inflation. The government's policies will play a crucial role in determining the overall impact on the economy.
Are Prince Harry and Meghan Markle losing their royal lifestyle? Glamorous life hits a financial cliff as deals dry up
The Sussexes' post-royal fairytale may be fading as financial pressure mounts. With their Spotify deal gone and Netflix partnership nearing its end, Harry and Meghan are reportedly "bleeding money" and losing top staff. Lavish living costs and dwindling income have triggered a crisis insiders call “survival mode,” leaving the couple in urgent need of a career-saving breakthrough.
Credit costs expected to rise in FY26 amid unsecured loan, microfinance strain: Report
CareEdge Ratings anticipates a potential rise in banks' credit costs in FY26 due to stress in unsecured and microfinance loans. Despite this, strong provision buffers, particularly among PSBs with high Provision Coverage Ratios, position banks to absorb potential losses. While asset quality is expected to slightly deteriorate, it will remain manageable, offset by corporate deleveraging.
IndiGo in for a crash course in surge in insurance costs
IndiGo airlines is bracing for a potential surge in aviation insurance costs upon policy renewal, influenced by escalating geopolitical risks and diminished reinsurance capacity following the recent Air India plane crash. The crash could lead to substantial hull and liability claims, impacting global reinsurance markets.
Sea and air freight costs likely to rise
Global shipping lines had started avoiding the West Asian region after the Israel-Gaza conflict escalation in October 2023. Attacks on commercial vessels in the Red Sea by Iran-backed Houthi militants virtually crippled trade through the Suez Canal. This led to major companies rerouting trade through the Cape of Good Hope.
Exporters' logistics costs may jump 20%
India's exports are anticipated to face increased logistics costs, potentially rising by 15-20%, due to the ongoing Israel-Iran tensions. Closures of air routes over Pakistan and Iran will escalate air cargo expenses, while higher fuel costs impact sea transport. Disruptions are expected in shipping lines via the Red Sea and Suez Canal, creating uncertainties for trade routes.
EVs offer 15–20% cost advantage over diesel in logistics: Report
This economic benefit is driving EV adoption, expected to reach 35% in e-commerce logistics by 2027, though challenges remain in heavy commercial vehicle segments and infrastructure.
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