Tag Archives: firms’

Tech firms driving business travel out of India

Airlines from India have increased frequencies over the past decade to the US to tap growing traffic. Air India flies non stop to Chicago, New York, San Francisco, Washington and will launch flights to Los Angeles at the end of the year. Photo: Mint New Delhi: Indian IT companies may be facing American headwinds, but business travel from India to the ... Read More »

Finance firms fitting ‘kill switches’ to immobilise customers’ cars if they miss a payment

Lenders install GPS devices which allow them to disable drivers’ cars Getty Images Car finance firms are fitting controversial kill switches that immobilise customers’ vehicles if they miss payments. Drivers with poor credit ratings are being offered the GPS devicesby lenders, who can then remotely disable cars if motorists fail to meet debt deadlines. But some lawyers and finance experts have voiced concerns ... Read More »

Swedish Firms Give India Thumbs Up As A Favorable Business Destination

India was seen as a favourable business destination by a majority of Swedish companies. The embassy of Sweden in India and the Swedish Chamber of Commerce came out with the 9th edition of their Business Climate Survey report for India on Wednesday. The Business Climate Survey that reflect the views of some of the biggest names in the industry like ... Read More »

Brexit economy: workers face squeeze but firms remain upbeat

Shoppers apparently shrugged off any worries about rising prices to keep spending in April. Photograph: Luke MacGregor/Reuters The Brexit squeeze on household budgets has intensified over the past month, but companies and investors remain cautiously optimistic about the economic outlook in the run-up to the election, a Guardian analysis shows. With a fortnight to go until the general election, the ... Read More »

UK firms struggling to recruit staff

UK firms want to recruit more workers but cannot find or afford the right staff, a survey has found. The British Chambers of Commerce (BCC) spoke to 7,300 businesses in the manufacturing and services sectors, and found the percentage seeking to hire had grown by up to 9% in the last quarter. But most also experienced “high levels of recruitment ... Read More »

UK firms struggling to recruit staff

UK firms want to recruit more workers but cannot find or afford the right staff, a survey has found. The British Chambers of Commerce (BCC) spoke to 7,300 businesses in the manufacturing and services sectors, and found the percentage seeking to hire had grown by up to 9% in the last quarter. But most also experienced “high levels of recruitment ... Read More »

New Firms Catching Up to Banks in Foreclosure Rankings

A foreclosed home in Las Vegas in 2016. The number of home foreclosures is down sharply from the depths of the financial crisis. CreditMax Whittaker for The New York Times The number of home foreclosures is down sharply from the depths of the financial crisis, even as many of the mortgage firms involved remain the same, including Fannie Mae, Wells ... Read More »

US firms added 227,000 jobs in January

US businesses added 227,000 jobs in January, way above economists’ forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December’s rise of 157,000, revised up slightly from last month’s first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose. Even so, the jobs growth suggests ... Read More »

Three big firms pursue Oi creditor protection mandate -sources

Alvarez & Marsal, PricewaterhouseCoopers and Deloitte & Touche are pursuing a mandate to administer the bankruptcy protection process for Brazilian telecommunications group Oi SA (OIBR4.SA), according to two sources familiar with the matter. Oi filed last month for court protection from creditors on 65.4 billion real ($19.9 billion) of bonds, bank debt and operating liabilities, Brazil’s biggest filing ever of ... Read More »

UK finance firms face anxious year

More than four in 10 major financial services firms say their confidence has been knocked by the slowing global economy, Brexit fears and a slump in oil prices. In recent months 42% of major banks and insurers said their “confidence had diminished” because of this cocktail of ongoing uncertainties, according to a survey by Lloyds Bank. Only 3% of more ... Read More »