When the government announced this year it would indefinitely delay plans to force UK companies to adopt a new post-Brexit quality mark, the UKCA, Simon Blackham, of the insulation maker Recticel, was delighted. “Yes! An outbreak of common sense,” he recalls thinking. His joy was short-lived, however. It quickly emerged that the government’s change of … Read more
The global economic crisis is beginning to weigh heavily on India Inc���s balance sheet, courtesy the depreciating rupee. While a weakening rupee might bring cheer to export-oriented sectors such as IT and textiles, it has pushed up the foreign exchange liabilities of Indian companies. Accounting rules, called AS-11 provisions, make it mandatory for companies to … Read more
The bottom half of earners will lose any gains from next week’s lowering of national insurance payments when their income tax bills go up in April, a leading thinktank has warned. The Resolution Foundation said the combined effect of a cut in national insurance contributions (Nics) from 6 January and a freeze on income tax … Read more
AHMEDABAD: Its too late and too little done in the US to come out of the financial turmoil, a crisis of 240 trillion $ cannot be stemmed with bailout packages of 1 to 10 trillion $, Arun Kumar, professor at Jawaharlal Nehru University said here on Thursday. “When the US president elect Barrack Obama assumes … Read more
About 25 people have been awarded honours for services to business in the new year honours list, with others working in business cited for other elements of service in public life. Two of the main honours were handed to business people who were big donors to the Conservative party: the Wetherspoons boss, Tim Martin, and … Read more
KANSAS CITY, Mo. (WDAF) — Lower gas prices: That’s the forecast for 2024, offering relief for drivers in the new year. GasBuddy is predicting U.S. drivers will spend, on average, $3.38 per gallon next year. That’s 13 cents less than this year’s national average. It’s also a far cry from where we were two years … Read more
cmp: Rs 1,135.70 target price: Rs 1,246 Prabhudas Lilladher has a ���reduce��� rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term. ���While we expect Infosys to perform better than most other players in the industry, we rate the stock ���reduce��� with … Read more
China is cracking down on negative commentary about the financial market and other sectors as the authorities seek to boost public confidence despite challenging economic headwinds. This month the Weibo account Weibo Finance, which has more than 1.5 million followers, issued an instruction against posting any comments “that bad-mouth the economy”. The post appears to … Read more
NEW YORK (AP) — Just months after filing for bankruptcy, SmileDirectClub announced it was shutting down its global operations and halting its teeth-aligner treatments. That leaves existing SmileDirectClub customers with a lot of questions and few available answers. The company is offering no more customer care support and few details about possible refunds are available yet. Multiple … Read more
Sanjiv Bhasin, Director, IIFL Securities, says, “the CD norms are changing , where the credit deposit ratios have to be brought below 75. Some of these new-age banks, particularly IDFC Bank, will be very affected by this as NIMs are affected by at least 75 basis points plus there is a merger talk which can … Read more
