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Job Market

Black money: ‘Elephant bonds’ can help India recover $500 billion stashed abroad, says…

The editor Nov 3, 2019
Apart from this, the HLAG has also proposed measures that would simplify the country’s regulatory and tax framework.A high-level trade panel estimates that India could recover up to $500 billion of black moneystashed overseas if it…
Featured

Expect a stock market tumble to cloud your retirement years — plus other top investing tips

The editor Nov 3, 2019
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Featured

China more than doubles Sept approval for fixed-asset investment projects

The editor Nov 3, 2019
BEIJING (Reuters) - China’s state planner in September more than doubled its approval for fixed-asset investment projects, as Beijing looks to step up support for an economy expanding at the slowest pace in nearly three decades. FILE…
Industry

SpiceJet chief Ajay Singh pledges 2.78% shares

The editor Nov 3, 2019
Individually, he has a stake of 50.75 per cent in the company, as per the filing.SpiceJetpromoter and chief Ajay Singh has pledged around 2.78 per cent shares towards securing a credit facility for the airline.A total of 1.67 crore…
Personal finance

Yes Bank posts loss of Rs 600 crore in Q2, know what hit the lender

The editor Nov 2, 2019
  The bank had reported a profit of Rs 964.70 crore a year ago.Private lender Yes Bank reported a net loss of Rs 600 crore for the quarter ended September 2019 on the back of a one-time deferred tax adjustment of Rs 709 that the bank…
Job Market

Saudi Crown Prince Mohammed bin Salman approves announcement of Aramco IPO on Sunday

The editor Nov 2, 2019
The world’s top oil company will announce its intention to float (ITF) on Nov. 3, the sources added. (Reuters photo)Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant…
Featured

Good news for older Americans: 70 is the new 60 (but not for everyone)

The editor Nov 2, 2019
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Featured

Top pension consultant NEPC recommends terminating Fisher, pension fund says

The editor Nov 2, 2019
BOSTON (Reuters) - Top pension consultant NEPC recently issued a client recommendation to terminate Fisher Investments, the New Hampshire Retirement System said on Tuesday. The system’s independent investment committee voted Tuesday to…
Industry

Automobile marketplace Droom buys NBFC Xeraphin Finvest to boost lending business

The editor Nov 2, 2019
Droom Credit has already processed over 10,000 loans in last 12 months.Online automobile marketplace Droom on Saturday said it has acquired Xeraphin Finvest for an undisclosed amount, a move aimed at strengthening its lending arm Droom…
Personal finance

Bank of India posts Rs 266-crore profit in July-September quarter

The editor Nov 2, 2019
Bank of India’s (BoI) capital adequacy ratio stood at 14.09% at the end of Q2FY20, up from 10.93% a year ago and its common equity tier 1 (CET 1) ratio came in at 11%, up from 7.53% at the end of September 2018. (PTI)Public sector lender…
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