Tag Archives: of

Bank of Baroda is said to be probed in South Africa over Guptas

Bank of Baroda, which is the only lender in South Africa still offering services to companies linked to the Guptas, is seeking a court order that will allow it to close the accounts. Photo: Mint Johannesburg: India’s Bank of Baroda is being investigated by South Africa’s central bank over money held for companies controlled by the politically connected Gupta family, according ... Read More »

Pros and Cons of DIY Website Builders Versus Custom Websites

A website is your place of business on the internet. And simply by being on the internet, you give your business the opportunity to grow. But some business owners may still ask the question, “Does my business really need a website?” The answer in most cases is yes. A website brings advantages that are hard to beat. A website gives ... Read More »

Small finance banks on deposit mobilisation spree on 1st year of operation

With eight out of ten small finance banks now fully operational, aggressive deposit mobilisation in the first year of operation has turned out to be the key strategy for almost all the new entities. In addition, the new age banks are betting big on technology to reduce the cost of operations.   All the operational small finance banks are offering up to 100-150 basis points higher interest rate on term deposits over market rates. ... Read More »

Godrej Agrovet: The challenge of varied businesses under one roof

At the core, Godrej Agrovet has its animal feed business which generated 53% of revenue last fiscal. Its crop protection and oil palm business generated 15% and 10% revenue, respectively. Graphic by Subrata Jana/Mint Godrej Industries Ltd, the promoter of Godrej Agrovet Ltd, is listing its unit at an opportune time. As Sharekhan Ltd points the listing will help unlock ... Read More »

The entrepreneurs leading 8 of the fastest-growing new retailers in the world share their best business advice

The winners of Shopify’s Build a Bigger Business competition are eight of the fastest growing online retailers in the world. They received a week of mentorship from coaches like Tony Robbins and Tim Ferriss at Robbins’ resort in Fiji. Their best advice is centered on increased self-awareness and is universally applicable. Starting and growing a business can be a lonely, ... Read More »

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 »

Bank of Japan holds policy steady

Japan’s central bank opted to hold interest rates steady on Thursday as a new board member dissented in favour of further monetary easing. The Bank of Japan said overnight interest rates will remain steady at 0.1 per cent, that 10-year bond yields will be capped at around zero percent and central bank will continue to buy assets at around ¥80tn ... Read More »

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 »