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Bank of India board mulls merger plan

Dinabandhu Mohapatra, MD and CEO, Bank of India – Photo: Debasish Bhaduri BusinessLineDinabandhu Mohapatra, MD and CEO, Bank of India The bank is in the process of strengthening its systems and processes before exploring merger possibilities, says MD KOLKATA, SEPTEMBER 16:   The board of Bank of India is examining the possibility of merger with other banks, based on the kind ... Read More »

China looks to be slowing again as domestic economy runs out of puff

China’s economy looks to pulling back into the slow lane after a range of data has shown a broad loss of momentum in domestic demand. Key points: Electricity, steel and cement production slowed in August Front-loaded infrastructure spending from earlier in the year slows rapidly Cooling retail sales centre on sectors linked to the property cycle The key monthly readings ... Read More »

UK interest rates stay steady at record low of 0.25%

A Bank of England’s monetary policy committee voted 7-2 in favour of holding interest rates steady. Photograph: Alicia Canter for the Guardian The Bank of England left interest rates on hold at their record low of 0.25% amid sluggish pay growth and a squeeze on household spending, while hinting that a rise may come sooner than expected. The Bank’s monetary policy ... Read More »

Small Firms, How Will Merger of These Two Giant Trucking Companies Affect You?

Two of the nation’s largest trucking companies announced plans to merge Monday, creating a trucking behemoth worth more than $5 billion. Swift and Knight Transportation Merge Swift Transportation and Knight Transportation announced an all-stock transaction that will merge the two trucking companies with Swift shareholders owning 54 percent, and Knight holders owning the remaining 46 percent, according to the Wall Street Journal. ... Read More »

9 Habits of Millionaires Any Entrepreneur Can Adopt (INFOGRAPHIC)

Want to be a millionaire? Who doesn’t, right? Well, if you believe in emulating those who are successful, this infographic that explores the habits of famous business millionaires may be a good place to start. Titled, “9 Effective Habits of Millionaires to Adopt Now,” the infographic by Beat The Market Analyzer gives us insights into some very successful individuals. We’ve all heard, ... Read More »

What Areas Of The Market Go Up During A Hurricane?

CARIBBEAN SEA – SEPTEMBER 7: In this NOAA handout image, NOAA’s GOES satellite shows Hurricane Irma as it moves towards the Florida Coast in the Caribbean Sea taken at 03:30 UTC on September 07, 2017. The state of Florida is in the track of where the hurricane may make landfall. (Photo by NOAA GOES Project via Getty Images) Hurricane Irma’s ... Read More »

RBI’s Viral Acharya calls for adequate of PSU bank recapitalization

RBI deputy governor Viral Acharya. Photo: Mint Mumbai: Reserve Bank of India (RBI) deputy governor Viral Acharya batted for “decisive and adequate recapitalization” of public sector banks to improve the health of these lenders, even as he expressed concern at the “glacial” pace of restoring public lenders’ health. “Given the correctly recognized scale of NPAs (non-performing assets) in the books of ... Read More »

UK economy loses momentum as fears mount about cost of Brexit, find latest surveys

The weaker growth trend in services was most evident in consumer-facing sectors such as restaurants, cinemas, gyms and hairdressers The UK economy is losing momentum as fears mount about Brexit, according to the latest round of industrial surveys. The Purchasing Managers’ Index for services in August came in at 53.2, down from 53.8 in July. Any figure above 50 signals expansion, but the ... Read More »

Eight stocks that have now fallen out of favour and why

Mumbai: While Indian markets have enjoyed a good run this year, here is a quick look at some stocks which have fallen out of investors’ favour, even though they were lucrative bets earlier. The stocks have been selected largely on the basis of changes in analysts’ preferences. Click here for enlarge IT sector Indian software services firms are struggling as US ... Read More »

5.7% GDP growth in Q1 matter of concern, says Arun Jaitley

Finance minster Arun Jaitley on Thursday attributed the lower GDP numbers to pre-GST destocking of goods and expressed hope that the economy will grow at 7 per cent, saying manufacturing has bottomed out. He further said that improvement in the global economy and good monsoon will aid GDP growth in the coming quarters which ought to be better if the country is ... Read More »