The age at which people in the UK can access the state pension keeps rising. Economists say it is inevitable that young people entering the workforce now will need to keep working into their 70s to start tapping the social safety net. Every time the pension age inches upwards, more people find themselves stranded if … Read more
It was yet another strong quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services. However, the … Read more
Housebuilding in London is “grinding to a halt”, housing associations have warned the government, with the number of affordable homes being built plummeting by three-quarters in the last 12 months. In a letter to the housing secretary, Michael Gove, the G15, which represents the capital’s 11 largest housing associations, said his policies did not go … Read more
British Prime Minister Rishi Sunak suffered two heavy blows to his leadership ahead of a general election later this year as the Opposition Labour Party overturned strong Conservative majorities to win by-elections in England on Friday. Labour’s Dan Egan won the House of Commons seat of Kingswood, south-west England, and the party’s Gen Kitchen won … Read more
Introduction: UK retail sales rebound Good morning, and welcome to our rolling coverage of business, the financial markets and the economy. With Britain now in a technical recession, economic data will be closely scrutinised for signs that the downturn could be ending. And the latest retail sales figures, just released, show that retail sales across … Read more
Shares of troubled fintech One 97 Communications, which runs Paytm, fell another 2% on Friday to hit a fresh record low of Rs 318.05 on NSE. So far in the week, the stock has lost about 24% of its market value. Ever since the RBI diktat banning Paytm Payments Bank from February 29 was issued, … Read more
Ursula von der Leyen surrendered to angry farmers last week faster than you could shake a pitchfork or dump a tractor-load of manure outside the European parliament. The European Commission president, expected to announce her candidacy for a second term heading the EU executive next week, told lawmakers that the commission was withdrawing a bill … Read more
Indian market is expected to trade higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.45% at 22015 levels on Thursday. India VIX was down by 1.36% from 15.44 to 15.23 levels. Volatility has been cooling down from the last three sessions and giving comfort to the bulls at … Read more
By road, the 280-mile journey from Hadrian’s Wall to Peterhead takes in stunning Scottish countryside, quaint villages and busy suburbs. But the lengthy route is also to become a building site for vast power lines connecting offshore windfarms with urban centres. The Scottish route, and other big lines including another following the M6 through Cumbria, … Read more
Brokerage firm Macquarie maintained an underperform rating on United Spirits, CLSA downgraded Sun TV to outperform, and Morgan Stanley remained overweight on M&M and HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on United Spirits: Underperform| Target Rs 910 Macquarie maintained an underperform rating … Read more
