Tag Archives: Be

IT export to grow at 7-8%, 1.5 lakh jobs to be created in 2017-18: Nasscom

Indian IT exports will grow by 7-8 %, unchanged from previous year’s growth, despite protectionist voices in major markets like the US, industry body Nasscom said today. The $ 156 billion Indian industry — the biggest job creator in the organised sector — is also projected to add 1.3-1.5 lakh new jobs during 2017-18 compared to a net hiring of ... Read More »

Oil, housing could be what drives Wednesday’s markets

Workers line up pipe while drilling for oil in the Bakken shale formation outside Watford City, N.D. Falling oil prices could become a factor for stocks if crude cracks $40 per barrel. Oil will be a focus in the markets again Wednesday, with U.S. oil inventory data expected at 10:30 a.m. ET. Oil crossed into bear market territory Tuesday and ... Read More »

State Bank of India (SBI) cleared on cash transaction charges: Rs 25 will be charged but only …

SPECIAL THINGS 25% charge per withdrawal on withdrawal of money from SBI Bank Big ATM Media reports that SBI would charge 25 rupees for all ATM transactions SBI Bank has given clearance in this regard. New Delhi: Country’s largest bank, State Bank of India (SBI) has made changes in the service charge of some cash transactions related to ATM withdrawals, ... Read More »

Delhi Metro Raises Fares; Minimum To Be Rs. 10

New Delhi: Come Wednesday, commuters will have to shell out more for travelling on the Delhi Metro, with the authorities announcing a fare hike today. The new minimum fare will be up from Rs. 8 to Rs. 10 while the maximum would be Rs. 50, a Metro spokesperson said. This arrangement will be in place till September. From October, the ... Read More »

Thousands of car finance payments could be hit by economic downturn, analysts warn

Thousands of drivers would be unable to keep up their car payments in the event of an economic downturn, analysts have warned, prompting concerns about a mis-selling scandal. With nearly 90 per cent of new cars sold using finance deals, the majority of which means the owner effectively leases their vehicle for three or four years instead of buying outright, ... Read More »

RBS Why we should be angry at the Chancellor’s willingness to sell the taxpayer’s stake at a loss

Philip Hammond’s policy on Royal Bank of Scotland resembles that of a market trader with perishable goods to dispose of at the end of the day. Roll up, roll up. I’ve got a bank ’ere going cheap. Half price and three for two. Take this off my hands! It’s got to go! He didn’t quite put it that way when ... Read More »

Investors are right to be concerned about the market, expert says

With the recent action in the stock and bond markets, investors are right to be a little bit concerned right now, Burns McKinney told CNBC on Friday. “Stocks are a little bit expensive across every factor, whether it’s price to sales, price to earnings … [or] market cap relative to the economy,” the chief investment officer for Allianz NFJ Investment ... Read More »

China says North Korea tension has to be stopped from reaching irreversible stage

China said on Friday tension over North Korea had to be stopped from reaching an “irreversible and unmanageable stage” as a U.S. aircraft carrier group steamed towards the region amid fears the North may conduct a sixth nuclear weapons test. Concern has grown since the U.S. Navy fired 59 Tomahawk missiles at a Syrian airfield last week in response to ... Read More »

The Economy May Be Stuck in a Near-Zero World

When the Federal Reserve lowered interest rates to close to zero during the financial crisis, it was an extraordinary move. The central bank had hit the limits of conventional monetary policy, leaving the recovery to sputter along with less help than it needed. Now, with that crisis at last behind us, the Fed has begun raising interest rates, and it ... Read More »

This foursome could be the most exciting event for markets Tuesday

Bryan R. Smith | AFP | Getty Images Traders work the floor of the Dow Jones at the closing bell of the New York Stock Exchange. Traders, scratching for a market catalyst, may find it in the flock of Fed speakers on the calendar Tuesday. Monday’s session was quiet, both in stocks and bonds. “If anything’s going to stir the ... Read More »