Top pension consultant NEPC recommends terminating Fisher, pension fund says
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…
Automobile marketplace Droom buys NBFC Xeraphin Finvest to boost lending business
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…
Bank of India posts Rs 266-crore profit in July-September quarter
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…
L&T Finance rating: Retain ‘buy’ with revised target price of Rs 130
Annualised credit cost of 2.3% was also largely in line with expectations and similar to Q1FY20 credit cost.By HSBC Global ResearchAdjusted earnings higher on account of lower tax outgo: Adjusted profits at `650 crore were ~20% higher…
U.S. companies facing worker shortage race to automate
NEW YORK (Reuters) - U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of…
COAI ignores member Jio’s protest; seeks waiver of all past statutory dues for Airtel,…
Jio has separately written to Prasad opposing any bailout to telecom companies at taxpayer’s expense and asserted the COAI should not be considered an association representing the industry. (REUTERS)Ignoring its member Reliance Jio’s…
Dhanlaxmi Bank profit jumps 82% in Q2; MD & CEO quits
The bank made provisions for bad loans and contingencies of Rs 25.38 crore for the September quarter, while there was a de-provisioning of Rs 18.19 crore a year earlier.Kerala-based Dhanlaxmi Bank on Thursday reported a year-on-year…
Sensex extends rally to 6th day, but recedes from record high; check what happened in today’s trade
The index swung 269 points during the day, hitting a high of 40,283.30 and a low of 40,014.23.Equity benchmark BSE Sensexended marginally higher at 40,165 points on Friday after a volatile session as markets consolidated after scaling…