Tag Archives: of

IDBI Bank to close loss-making branches, limit NPAs and focus on retail to get out of PCA: Deputy MD

IDBI Bank hopes to come out of the regulatory restrictive Prompt Corrective Action (PCA) after taking a host of measures, including closure/merger of branches, conversion of 31 loss-making branches into outlets, divestment in non-core assets, setting up of separate stressed assets management group and focus on retail and good quality corporate business. Amid talks of part stake sale by the ... Read More »

Snap lays off 100 employees in latest round of downsizing

Snap Inc. is cutting another set of employees, focusing this time on the advertising side of the business after earlier trimming staff in engineering and content. The cuts total around 100 workers, according to people familiar with the matter, and represent the final step in a restructuring process set in motion in the fourth quarter. The people didn’t want to be identified ... Read More »

No tax exemption if LTCG from sale of residential property is used to buy farm land

Is LTCG exempt if I buy agricultural land by selling a residential property? A portion of this amount was withdrawn from an LTCG deposit account towards partial payment of a housing board property. But the authority is yet to announce allotment. The LTCG deposit scheme is valid only for 2 years. Can it be extended since the allotment procedure has ... Read More »

International Day of Happiness: Money can buy you happiness, but only to a certain point, says Raj Raghunathan

Raj Raghunathan, professor of marketing (consumer behaviour) at University of Texas at Austin and author of ‘If You’re So Smart Why Aren’t you Happy?’, attempts to unravel the relationship between money and happiness. Can money buy you happiness? Perhaps, to some degree, if you manage it well. On International Day of Happiness on Tuesday, Raj Raghunathan, professor of marketing (consumer ... Read More »

Sensex ends 139 pts higher ahead of Fed policy outcome; Realty stocks gain

Photo: Shutterstock Sensex, Nifty rose on Wednesday, with financial stocks accounting for nearly half the gains, while investors awaited the outcome of the US Federal Reserve policy meet later in the day. The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government ... Read More »

After Tencent and Ctrip, Bank of East Asia eyes more partners for virtual banking

Bank of East Asia, which has teamed up with internet giant Tencent Holdings and online travel provider Ctrip, is seeking more tech partners to develop its virtual banking services, according to deputy chief executive Adrian Li Man-kiu. Hong Kong Monetary Authority, the city’s central bank, which is aggressively pushing the local banking sector to develop fintech, plans to issue its ... Read More »

Indian Market Still Expensive Despite Correction, Says Sanjeev Prasad Of Kotak

Indian equity market still seems expensive despite the recent correction, says Sanjeev Prasad of Kotak Institutional Equities. “China delivered something like 50 percent over the same period, so people are looking at other markets more favourably in the emerging markets space,” Prasad told BloombergQuint in an interview. Foreign investors, he said, are more cautious on India, due to problems in ... Read More »

Choosing the Right Type of Protection for Your Company’s Machines

The office equipment in your business is important to your daily function. When a printer stops working or a fax machine breaks down entirely, you may risk a day’s profits trying to get the equipment working again or having it replaced. Rather than risk your profitability on equipment that could break down at any minute, you may keep it in ... Read More »

The Uberization of the economy is winning because of cucumber farmers

Judicial test has helped companies that rely on contractors instead of employees, but California Supreme Court has chance to change it GrubHub notched a key legal victory in a San Francisco federal court in February. Cucumbers and a ride home from the bar may not appear to have much in common, but a judicial test involving cucumber farmers is a ... Read More »

The benefits of diversification and pitfalls of over-diversification

Diversification is a very wide term. Applied to investing, diversification refers to adding more than one type of security or asset to your overall financial portfolio. Many average investors do this by default, when they buy small amounts of gold for the future, along with putting money in a fixed deposit and having a second apartment that they may have ... Read More »