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While investors, business leaders and some economic models continue to warn a recession is imminent, Wall Street’s most powerful investment bank remains cautiously optimistic. Goldman Sachs told clients on Monday it still sees a 35% chance of a US recession in the next 12 months. While that is double the normal risk of a recession, it
India’s Shriram Transport Finance profit surges on higher interest income Reuters BENGALURU, Oct 20 (Reuters) – Shriram Transport Finance Company Ltd (SRTR.NS) on Thursday reported a stronger-than-expected quarterly profit, with more people buying small trucks and as the company’s interest income climbed. Commercial vehicle sales and financing have seen a resurgence following a pandemic-stirred slump, with improving
When you purchase financial stocks, you are investing in some of the top companies in the world that offer credit cards, banking, insurance, and other financial products. Investors should seriously consider including financial companies as a significant component of their portfolios, so the financial sector serves as the foundation of the global economy. When you purchase financial stocks, you are
Mahindra and Mahindra Financial Services Ltd announced a strategic partnership with India Post Payments Bank to enhance credit access to a larger customer base.Mahindra and Mahindra Financial Services Ltd announced a strategic partnership with India Post Payments Bank to enhance credit access to a larger customer base. India Post Payments Bank will provide lead referral services to Mahindra Finance
To understand the career prospect of a Data Engineer in India, let us first understand who is a Data Engineer Every organization or enterprise relies on data for its growth. There is a tone of data procured, which needs to be organized and converted into analytical insights. This is where the Data Engineer steps in.
Measures undertaken by the govt to reduce burden of soaring inflation on consumers,by increasing fertiliser subsidies & other welfare measures, could stress finances, reports stated. New Delhi: Indian fiscal and monetary authorities must remain watchful even as the nation is one of the bright spots amid a “gloomy global scenario where the dark clouds of recession gather”, the
Having updated its nationally determined contribution in August, India is likely to raise the issue of climate finance at the COP27 in November to support deployment of renewable energy projects on a large scale.Street artists paint a mural on a wall opposite the COP26 climate summit venue in Glasgow on October 13, 2021. (AFP)Having updated
Pakistan’s finance minister said on Wednesday that his country was “actively considering” the option of importing oil from Russia on the pattern of India to offset the raging prices of fuel in the country. “I have sounded my intention about buying oil from Russia during my visit to the US and no opposition was expressed,” Ishaq Dar
India’s economy faces risks from the external sector, the nation’s finance ministry said in its monthly report, flagging that foreign capital inflows could be hurt as the Federal Reserve tightens monetary policy and concerns about elevated global energy prices cloud the near-term outlook. “On the one hand, the Federal Reserve continues to be aggressive in
Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday. The gross collection of taxes on corporate earnings rose 16.74 per cent during April 1 to October 8, while personal income tax collection
