Tag Archives: it

A fundamental change is underway in the financial markets, and it will not be pleasant

It starts with money and rates. There is a hot debate among the bulls and the bears as to whether the recent change in equity valuations represents technical market factors that will be quickly reversed or a fundamental change that will take some time to play out. I am of the view that there is a meaningful fundamental change underway. ... Read More »

How misadventures of Bank of Baroda dragged it into South Africa’s political crisis

The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File) In June 2017, an anodyne footnote to the Bank of Baroda’s (BoB) quarterly results mentioned a fine levied by the South African Reserve Bank (SARB), headquartered in Pretoria. The sum — Rs 5.45 crore — was insignificant for an institution the size of BoB. No further details were given; the ... Read More »

Eric Bensley of Salesforce: Small Businesses Want Practicality When it Comes to AI, Not Big Concepts

Last week at Dreamforce, I had the great pleasure of receiving a guided tour of the Small Business Lodge by Eric Bensley, Senior Product Director of Marketing for Salesforce, and Rekha Srivatsan, Senior Product Marketing Manager for Salesforce. There were several hundred people sitting in, doing one-on-one sessions with Salesforce engineers, and watching demos of different Salesforce applications. To get even ... Read More »

Indian market most expensive, but FPIs may still love it: Here’s why

NEW DELHI: On paper, the domestic equity market is the most expensive emerging market globally. Yet, hope of a sharp recovery in earnings has lifted stocks to all-time high levels. For overseas investment flows to be strong in 2018, earnings need to meet the heightened expectations. They have been disappointing the Street in each of the past few financial years. While PE ... Read More »

China’s new consumption-driven economy isn’t what it seems

Are Chinese consumers really spending heavily? Data suggests it is the rich who are consuming, not the masses. (Photo by Akira Kodaka) BEIJING — China’s transition to an economy driven by consumption, rather than investment, is complete — at least according to the National Bureau of Statistics. Mao Shengyong, a bureau spokesman, on Dec. 14 told reporters that while investment ... Read More »

The UFC Must Avoid Previous Missteps When It Comes To Marketing Francis Ngannou

The future of the UFC heavyweight division just might be a 31-year-old fighter from Cameroon who began training in mixed martial arts in 2013. That is, if the promotion can market that fighter, Francis Ngannou, to sports fans outside the MMA bubble. Francis Ngannou could be the next big thing in the UFC, if the promotion can market him correctly. ... Read More »

Stocks Off To A Cautious Start, IT Stocks Advance

The stock market made a sedate cautious today as the benchmark Sensex rose marginally, led by buying in realty, IT and healthcare stocks. Positive Asian cues also supported the markets. The 30-share index traded higher by another 45.15 points, or 0.13 per cent, at 33,606.70. Sectoral indices such as technology, IT and realty stocks climbed by up to 0.48 per ... Read More »

Not linked Aadhaar with your SIM, bank accounts, financial savings? Deadlines are nearing; here’s how to do it

English author, Douglas Adams, once said, “I love deadlines. I love the whooshing noise they make as they go by.” If you are someone like Adams, you will surely get into trouble, especially when it comes to meeting Aadhaar deadlines in our country. This 12-digit number has now become mandatory for several purposes, from filing your income-tax returns to getting ... Read More »

Finance Entrepreneurs Want To Make It Safer for Banks To Work With Cannabusiness

Dockside Marijuana Store in Seattle One of the hardest things for a legal marijuana business to do is open a bank account, because Federal law prohibits it. In Washington state, which will sell about $1B of marijuana this year, just a handful of small banks and credit unions offer banking to cannabis businesses. Two entrepreneurs in Chicago with backgrounds in ... Read More »

Demonetisation benefits visible in IT enforcements, tax filings: Finance ministry

A day after the RBI’s report revealed that 99% of demonetised currency had come back into the banking system, the finance ministry on Thursday claimed that the note ban’s benefits were clearly visible in terms of a quantum jump in enforcement actions and growth in direct tax collections. “The government launched a concerted drive against black money with demonetisation being ... Read More »