A survey of thousands of pharmacists has found that patients’ health is being put at risk by record drug shortages in England, leaving patients and pharmacists frustrated they cannot get the medicines they need. “I just feel like the government and the NHS aren’t taking this seriously enough, because we’re firefighting in the background silently,” … Read more
Vivek Kumar Dewangan, CMD, REC, says he would like to make a distinction between non-banking finance companies like REC which have been following the IndAS norms. As per RBI’s income recognition and asset classification norms, this additional provisioning on account of under construction projects is not to be routed through profit and loss account. In … Read more
The next government will be forced to hit voters with post-election tax rises and delay net zero investment unless it is prepared to rip up Treasury rules for managing the state finances, a leading thinktank has said. The National Institute for Economic and Social Research (Niesr) called for a radical overhaul of the self-imposed constraints … Read more
George Alexander Muthoot, MD, Muthoot Finance, says “the RBI instruction is an universal one, applicable to all NBFCs. The Reserve Bank is clarifying that more than Rs 20,000 should not be paid in cash. I do not think there is any impact of that because even otherwise most of our customers have bank accounts and … Read more
Introduction: Bank of England sets interest rates at noon Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy. Britain’s central bank could inch closer to its first cut in interest rates since the start of the pandemic today. The Bank of England is widely expected to leave … Read more
Shares of Bajaj Consumer Care plunged over 8% to Rs 238 in Thursday’s trade on BSE after the firm reported a 12% year-on-year (YoY) decline in net profit for Q4 FY24. Additionally, the company also approved a buyback proposal. The company on Wednesday reported a consolidated net profit of Rs 35.58 crore for the March-ended … Read more
The City’s lobbying battalion in full cry is something to behold. Witness the furious response from the banking and finance industry to a proposal from the Financial Conduct Authority (FCA) to name firms under investigations occasionally – specifically when it thinks the public interest would be served. One regulatory aim is to improve behaviour in … Read more
Shares of 2-wheeler giant Hero MotoCorp jumped 6% in today’s early trading session on BSE to the day’s high of Rs 4,898 after brokerages remained positive on the company’s future outlook post Q4 results. India’s largest 2-wheeler maker posted an 18% increase in net profit at Rs 1,016.05 crore, largely in line with street estimates, … Read more
Vanuatu’s national carrier Air Vanuatu has reportedly entered voluntary administration. Local media has reported that the company’s board was dissolved and Ernst and Young appointed as external administrator. Flights to and from Brisbane Airport today and tomorrow have been cancelled. The Vanuatu Tourism Office posted on its website it was aware of reports the airline … Read more
Shweta Jain, Founder, Investography, says “do not take the loan unless it is absolutely necessary. Do not take this just for splurging on something offhand. Take this as an option against your credit card loan because those work out quite expensive. Do take these as an option against personal loans. And, of course, pay as … Read more
