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COST CUTTING
World faces fresh food price surge, FAO warnsGlobal food prices may rise significantly by year-end and next year. Conflicts in Iran and Ukraine are impacting agricultural inputs and tr...- Researchers replaced a bare roof with plants; green roof surfaces stayed 30 to 40°F cooler in summerGreen roofs cool surfaces by up to forty degrees Fahrenheit, reducing urban heat island effects. Evapotranspiration from plants cools build...
- JSW, Volkswagen plan new set of wheels to drive tie-upJSW Group plans a new entity for its Volkswagen alliance talks. This partnership will focus on mass-market VW and Skoda vehicles. Manufactu...
- World faces fresh food price surge, FAO warnsGlobal food prices may rise by year-end and next year. Wars in Iran and Ukraine impact agricultural inputs and exports. Extreme weather eve...
- Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...
- Higher funding costs, rising competition may weigh on Muthoot FinanceMuthoot Finance shares dropped nearly eight percent after reporting lower net interest margins. Loan yields are expected to remain under pr...
- Drugmaker Pfizer beats earnings estimates, targets $2.5 billion in additional cost cutsPfizer has reported impressive second-quarter earnings, driven by the success of Eliquis and newly acquired pharmaceutical products. The co...
- The AI layoffs are backfiring: Why companies are rehiring employees they let goCompanies are rehiring workers after AI failed to fully replace human expertise. Ford and Klarna found AI could not detect all defects or m...
- Walgreens to close more stores in 2026 - Check list of pharmacy giant's locations shutting down across the USWalgreens is closing stores across many states as part of its 2026 operational streamlining plan. The company aims to improve profitability...
- Mohalla Tech to invest Rs 100 crore in AI-led micro-dramas in 2026; aims to cut costs by 70 %Mohalla Tech will invest up to Rs 100 crore by 2026. This investment aims to scale AI-generated micro-drama production significantly. The c...
- Jindal Steel to spend less, focus on utilising capacity: MD VR SharmaJindal Steel will not take on debt for capacity expansion, focusing instead on optimizing operations. The company plans to invest in value-...
- LPG price cut today: Commercial cylinders cheaper by over Rs 200 in Delhi & Kolkata; domestic rates remain unchangedLPG Price August 2026: From August 1, the prices of 19-kg commercial LPG cylinders have been reduced by up to Rs 209, bringing relief to re...
- AI helps insurers cut onboarding costs, speed up claims processing: McKinseyArtificial intelligence is transforming the insurance industry by enhancing sales efficiency and minimizing customer onboarding expenses. T...
- OpenAI cuts prices on smaller models as businesses scrutinise AI spendThe ChatGPT maker lowered the cost of its smaller GPT-5.6 Luna model by 80% and its mid-tier Terra by 20%, while leaving the price of its b...
- Rhetan TMT sets up solar project to cut energy costsRhetan TMT has established a one-megawatt captive solar project to optimize energy costs. This new solar power project is expected to comme...
- Majority of stakeholders oppose bringing cloud services under Digital Competition Bill: StudyCUTS International (Consumer Unity & Trust Society) released two reports examining the competitive dynamics of India's cloud services marke...
- Starbucks raises annual forecasts again as turnaround takes rootStarbucks has raised its annual sales and profit forecasts again. The company's turnaround strategy has reignited demand and improved custo...
- Mercedes Benz reports Q2 profit boost but flags China woes for car salesMercedes-Benz saw a profit increase but faces challenges ahead. The automaker now expects overall sales to decline in 2026. This forecast i...
- How AI is helping manufacturers cut downtime before it costs themArtificial intelligence is helping manufacturers predict equipment failures, improve product quality and optimise production before disrupt...
- UK PM Burnham unveils energy tax cut, tells ministers to cut living costsAndy Burnham became Britain's new prime minister and announced an energy tax cut. This policy aims to reduce the cost of living for househo...
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