Tag Archives: may

High provisions may dent bank profits this quarter

“We expect PNB to report a large loss owing to higher provisions.” MUMBAI: Higher provisions due to rising non-performing assets, losses on account of marked-to-market investments in government securities and uncertainty on leadership will weigh on banks as they set to report fourth-quarter results. Analysts expect net profits of large banks to fall as elevated provisions continue to take a ... Read More »

We may see darker periods in market; it depends on how global story plays out: Udayan

In an interview with CNBC-TV18, Udayan Mukherjee shared his views and outlook on the market. I think the market is trying to consolidate right now. We have had a fairly significant fall, the biggest of the last 12-14 months on the way down from 11,200 to about 10,300 levels, he said. We could try and work within a range of ... Read More »

India Post Payments Bank pan-India rollout from May

India Post Payments Bank plans to roll out its branches across India from May 2018 with an investment of about Rs 1,450 crore, Postal secretary Ananta Narayan Nanda said on Monday. “By April, all our systems will be ready. We will start rolling out all India Post Payments Bank (IPPB) branches between May and September,” Nanda told PTI. He said ... 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 »

6 Reasons Small Businesses May Need to Change Banks

Do you know how some people are quick to purchase those novel kitchen gadgets in a TV infomercial? Well, there were a handful of years when I got excited about new banking options and opened a bunch of savings accounts with different banks. Just like people found uses for those “As Seen on TV” gadgets, I found ways to justify ... Read More »

‘Less tax, no input credit’ plan for small businesses may return soon

The composition scheme, which is applicable to specific categories of small businesses whose turnover is Rs 75 lakh and below and had been closed on August 16, may return soon. With just about a million taxpayers opting for the scheme, the goods and services tax (GST) Council will consider reopening the window in its meeting on Saturday in Hyderabad, giving another opportunity ... Read More »

Good Financial Business Decisions: Here Are 4 Reasons You May Not Be Making Them

Many small business owners lack the skills to make good financial business decisions. But it is not always a result of their lack of experience, interest or education in this difficult area. The Effect of Human Nature on Financial Decision Making According to John Howe, author of “The Foolish Corner: Avoiding Mind Traps in Personal Financial Decisions”, it involves human nature and the ... Read More »

New ‘Buy American, Hire American’ Order May Do Little for Small Businesses

President Donald Trump just signed an executive order that could potentially have an impact on small businesses — but not necessarily right away. The “Buy American, Hire American” order includes several components. Here’s a basic breakdown. Buy American Hire American Order First, the order targets the H-1B Visa program, which allows American companies to bring in foreign workers with highly specialized knowledge. Some have ... 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 »

GST Arrest Clause ‘Draconian’, May Lead To Harassment Of Business Leaders: Mamata Banerjee

Mamata Banerjee said Centre has deviated from the original intent of the GST. (File photo) NEW DELHI: Mamata Banerjee on Friday said the “draconian” arrest clause in the Goods and Services Tax (GST) can lead to “major harassment of business”. The West Bengal Chief Minister expressed fear that the “inspector Raj” was back. “At the stroke of midnight on 14th ... Read More »