Tag Archives: hit

Business confidence of CFOs hit 5-quarter low in July-September: survey

For some CFOs, execution of the GST system seem to have taken a toll on their optimism scores. Graphic: Mint Mumbai/New Delhi: Aftershocks of demonetisation and worries related to the goods and services tax (GST) implementation have rattled business confidence among India’s chief financial officers (CFOs) in the July-to-September period. Confidence in the overall financial and macroeconomic conditions for July-September has ... Read More »

A big decline in markets could hit global economy

A shock to market confidence -an end to irrational exuberance -could lead to sharp price falls. There is a “significant possibility” of a major stock market correction in the near future which could drag down global economic growth, according to recent analysis from staff at research house OxfordBSE 4.88 % Economics. Writing on Tuesday, Oxford’s global head of macro research GabrielBSE 2.53 % Sterne argued that a 10 ... Read More »

Mark Lister: Property market slowdown may hit economy

The rampant housing market has had a big effect on the strength of the economy over the last several years, writes Mark Lister. Picture / Greg Bowker Things have changed in the Auckland housing market. Sales volumes are well down from a year ago and the number of days to sell has been creeping higher. The number of auctions has ... Read More »

Get ready! India’s own GPS set to hit the market early next year

PM Modi watching the 2016 launch of IRNSS-1G, the seventh satellite in a series which ensured the completion of Indian Regional Navigation Satellite System. (Picture source: http://www.narendramodi.in) Less HIGHLIGHTS Top Isro official says NavIC is more accurate than US system. NavIC (‘Navigation with Indian Constellation’ whose Hindi meaning is ‘sailor’ or ‘navigator’) is the name given by PM Modi. NavIC ... 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 »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the shock exit ... Read More »

RBS’s worst-case legal bill could hit $27 billion

Royal Bank of Scotland may have to pay out as much as $27 billion (21.74 billion pounds), roughly the market value of the bank, in misconduct fines and lawsuits over the next few years, lawyers and analysts said. That bill represents the upper end of estimates to settle a range of claims related to RBS’s alleged misconduct before and during ... Read More »

Scunthorpe sale costs hit Tata Steel

Costs related to the sale of its Scunthorpe operations pushed Tata Steel into the red for its first quarter. The Indian company lost 32.9bn rupees (£370m) when it sold its European long products division, based in North Lincolnshire, to Greybull Capital in April for a nominal sum. Tata Steel made a net loss of 31.8bn rupees (£358m) for the three ... Read More »

Southern Rail owner profits hit £100m one day after £20m government ‘bailout’

The company which jointly operates the troubled Southern railfranchise, has seen full-year profits soar 27 per cent to almost £100 million, just one day after the Government handed Southern a £20 million “bailout” package. On Thursday transport secretary Chris Grayling said the funds would help Southern “get to grips” with the delays and disruption which have caused months of misery for commuters. Go-Ahead ... Read More »

InterGlobe Aviation shares shed 11% to hit one-month low post June quarter earnings

Shares of InterGlobe Aviation tanked over 11 per cent to hit their one-month low after the company, which owns budget carrier IndiGo, reported around 7.4 per cent decline in net profit at Rs 591.77 crore in the June quarter. The company had posted a net profit of Rs 638.89 crore in the same period last fiscal year. Reacting to the ... Read More »