January 2024 - Jobs World

Best job in the world

Find a job

Thursday, January 25, 2024

Airlines hoping for more Boeing jets could be waiting awhile

January 25, 2024 0
Airlines hoping for more Boeing jets could be waiting awhile
Airlines hoping for more Boeing jets could be waiting awhile https://ift.tt/G629RhP Federal Aviation Administration has put a limit the plane maker's output until it was confident in Boeing's quality control practices. Boeing is also struggling to increase production for another reason -- it and its suppliers have not been able to replace all the workers who were laid off, retired or quit during the pandemic.

There is a vertical growth in the capital market and money flow will become bigger as we go forward: Raamdeo Agrawal

January 25, 2024 0
There is a vertical growth in the capital market and money flow will become bigger as we go forward: Raamdeo Agrawal
There is a vertical growth in the capital market and money flow will become bigger as we go forward: Raamdeo Agrawal https://ift.tt/AD2q4vg Oswal Group's Chairman, Raamdeo Agrawal, discusses the strong performance of the capital market in October and November, with December being exceptionally high. He mentions the increase in returns, particularly in midcaps and smallcaps, which has attracted more people to the market. Agrawal highlights the vertical growth in the capital market, the influx of new investors, and the positive impact on the GDP growth of the country. He also talks about the expansion of the capital market business due to digital onboarding.

Wednesday, January 24, 2024

Ajay Singh, Sky One and Busy Bee file firm bids for Go First

January 24, 2024 0
Ajay Singh, Sky One and Busy Bee file firm bids for Go First
Ajay Singh, Sky One and Busy Bee file firm bids for Go First https://ift.tt/QWNES70 promoter Ajay Singh, Sky One, and Busy Bee have submitted the bank guarantee and expression of interest for bankrupt Go First Airlines. The lenders may extend the resolution process deadline by two months. Singh applied individually, while Busy Bee is a new applicant associated with Plan IT. Safrik Investments and NS Aviation did not submit guarantees. The three entities will receive more information on Go First to develop a formal plan. Creditors may vote again to extend the resolution timeline beyond the current deadline.

Indices gain 1% on short covering, traders see choppy days ahead

January 24, 2024 0
Indices gain 1% on short covering, traders see choppy days ahead
Indices gain 1% on short covering, traders see choppy days ahead https://ift.tt/KXAwqrm Nifty rose 215.15 points, or 1.01%, to close at 21,453. The Sensex rose 689 points, or 0.98%, to end at 71,060.

Tuesday, January 23, 2024

India likely to benefit from slump in Hong Kong market

January 23, 2024 0
India likely to benefit from slump in Hong Kong market
India likely to benefit from slump in Hong Kong market https://ift.tt/yH6rjid Several overseas institutional investors have pruned exposure from Hong Kong H shares and reallocated to other Asian countries given a rising relative risk of China owing to the trade spat with the US, Taiwan conflict, and moderating local economy.

ICICI Bank weathers margin stress to deliver healthy growth

January 23, 2024 0
ICICI Bank weathers margin stress to deliver healthy growth
ICICI Bank weathers margin stress to deliver healthy growth https://ift.tt/9wiMQa6 stock of ICICI Bank hit a record high on Tuesday notwithstanding the weakness in the broader market following the bank’s stellar performance in the December quarter.

UBI targets 80% recovery by selling over Rs 1,000 cr NPAs

January 23, 2024 0
UBI targets 80% recovery by selling over Rs 1,000 cr NPAs
UBI targets 80% recovery by selling over Rs 1,000 cr NPAs https://ift.tt/unWxLCs Horizon's debt of ₹212 crore is on sale with a reserve price of ₹213 crore, while Supertech Realty's debt of ₹170.84 crore is open for bids with a reserve price at ₹205 crore.

​5 sectors that saw highest FPI outflows in first 2 weeks of 2024

January 23, 2024 0
​5 sectors that saw highest FPI outflows in first 2 weeks of 2024
​5 sectors that saw highest FPI outflows in first 2 weeks of 2024 https://ift.tt/pSb8hMN a look at the five sectors that witnessed the highest selling from foreign institutional investors in the first half of January. (Source: ET Bureau)

Monday, January 22, 2024

Morgan Stanley and JPMorgan say buy the dip after treasury rout

January 22, 2024 0
Morgan Stanley and JPMorgan say buy the dip after treasury rout
Morgan Stanley and JPMorgan say buy the dip after treasury rout https://ift.tt/VBYjxPd Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan Chase & Co. is suggesting investors buy five-year notes as yields have already climbed to levels last seen in December, though it warned that markets are still too aggressive in pricing for an early start to central bank interest-rate cuts.

Sunday, January 21, 2024

US FAA recommends door plug checks for Boeing 737-900ER jets

January 21, 2024 0
US FAA recommends door plug checks for Boeing 737-900ER jets
US FAA recommends door plug checks for Boeing 737-900ER jets https://ift.tt/gQmKlGu FAA on Jan. 6 grounded 171 Boeing 737 MAX 9 planes following the mid-air cabin blowout of a door plug on an eight-week old Alaska Airlines jet. The FAA said the Boeing 737-900ER is not part of the newer MAX fleet but has the same door plug design.

Volume growth worries to weigh on HUL

January 21, 2024 0
Volume growth worries to weigh on HUL
Volume growth worries to weigh on HUL https://ift.tt/ZfoNu98 quarter typically is a seasonally strong quarter marked with festivals and the onset of winter. However, this time it was characterised by uneven monsoon, delayed winter and slow growth in demand for mass products compared with the premium end of the shopping basket.

Budget 2024: India likely to announce social security fund for informal workers

January 21, 2024 0
Budget 2024: India likely to announce social security fund for informal workers
Budget 2024: India likely to announce social security fund for informal workers https://ift.tt/SUzFE0M budget: The fund, proposed in the Social Security Code, 2020, would be a step toward universal social security for workers. The code, which is not yet rolled out because all the states have not framed rules, allows partial implementation of certain provisions.

Looking for hidden gems? Look into these 3 sectors: Anshul Saigal

January 21, 2024 0
Looking for hidden gems? Look into these 3 sectors: Anshul Saigal
Looking for hidden gems? Look into these 3 sectors: Anshul Saigal https://ift.tt/lAKIoZQ Saigal says some people are holding cash but I would say the majority are not holding cash. What that means is that the majority are not expecting a meaningful correction while some are expecting a meaningful correction. An investor who is looking for defensives should go for FMCGs. An investor who is looking for long-term wealth creation should look at QSRs. And there are now multiple opportunities in that space to make money over the next few years.

Saturday, January 20, 2024

Biden says Palestinian state still possible after Netanyahu call

January 20, 2024 0
Biden says Palestinian state still possible after Netanyahu call
Biden says Palestinian state still possible after Netanyahu call https://ift.tt/PvxszHh President Joe Biden believes Israeli Prime Minister Benjamin Netanyahu may still agree to a Palestinian state despite opposing Palestinian sovereignty in the wake of the Gaza war. Biden mentioned that there are various types of two-state solutions and cited examples of countries without their own militaries. However, a senior Hamas official, Izzat al-Rishq, dismissed Biden's comments about the possibility of Israel agreeing to the establishment of a Palestinian state, stating that it does not fool the Palestinian people.

Friday, January 19, 2024

No trading in government bonds, foreign exchange and money markets on January 22: RBI

January 19, 2024 0
No trading in government bonds, foreign exchange and money markets on January 22: RBI
No trading in government bonds, foreign exchange and money markets on January 22: RBI https://ift.tt/HwTzWxj 3-day variable rate repo (VRR) auction conducted by the RBI on Friday, which is scheduled to reverse on January 22, will now be reversed on January 23. Meanwhile, a 3-day VRR auction that the RBI had earlier said would be conducted on January 22 stands cancelled and instead a 2-day VRR auction will be carried out on January 23.

RIL Q3 Scorecard: 7 key takeaways for D-St from conglomerate’s December quarter numbers

January 19, 2024 0
RIL Q3 Scorecard: 7 key takeaways for D-St from conglomerate’s December quarter numbers
RIL Q3 Scorecard: 7 key takeaways for D-St from conglomerate’s December quarter numbers https://ift.tt/vNVlXFq reported a 9.3% YoY growth in consolidated net profit to Rs 17,265 crore, beating the estimate of Rs 16,944 crore. Consolidated revenue from operations grew 3.6% YoY to Rs 2.28 lakh crore, but was a tad lower than the estimated Rs 2.36 lakh crore.

Thursday, January 18, 2024

Indian economy poised to sustain growth momentum: RBI report

January 18, 2024 0
Indian economy poised to sustain growth momentum: RBI report
Indian economy poised to sustain growth momentum: RBI report https://ift.tt/HwTzWxj State of the Economy report of the central bank said that inflation needs to align with the target by the second quarter of the year and get anchored there to achieve 7% GDP growth in FY25. RBI in its December 2023 policy projected inflation measured by Consumer Price Index to be at 4% in the second quarter FY25.

Epack Durables IPO opens tomorrow. What GMP signals ahead of subscription

January 18, 2024 0
Epack Durables IPO opens tomorrow. What GMP signals ahead of subscription
Epack Durables IPO opens tomorrow. What GMP signals ahead of subscription https://ift.tt/Y2GdUXK Durables IPO will open for subscription on Friday. The company's shares are currently trading at a premium of Rs 15 in the unlisted market. The IPO consists of a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders. Epack Durables is the second-largest room air conditioner original design manufacturer in India, with a 24% market share in domestically manufactured units in FY23. The IPO proceeds will be used for capacity expansion.

Wednesday, January 17, 2024

Government's cash surplus tops Rs 3.4 lakh crore

January 17, 2024 0
Government's cash surplus tops Rs 3.4 lakh crore
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.

IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable

January 17, 2024 0
IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable
IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable https://ift.tt/Mux4zIZ Bank Q3 result preview: IndusInd Bank is expected to report healthy growth in net interest income (NII) for Q3, with a 16% year-on-year increase. The bank saw a 20% year-on-year growth in net advances and a 13% increase in deposits. The net profit for the quarter is expected to grow by 11% year-on-year. Asset quality is anticipated to remain stable, while loan growth and deposit growth are expected to be healthy.

Tuesday, January 16, 2024

SBI, BoB among PSBs rushing to issue bonds

January 16, 2024 0
SBI, BoB among PSBs rushing to issue bonds
SBI, BoB among PSBs rushing to issue bonds https://ift.tt/W3i1ndO Bank of India is set to kick off domestic bond issuances for 2024 with the sale of an additional tier-1 (AT-1) bond worth up to ₹5,000 crore. Bidding for the issue would happen on Thursday, people aware of the development said.

US Supreme Court snubs Apple-Epic Games legal battle

January 16, 2024 0
US Supreme Court snubs Apple-Epic Games legal battle
US Supreme Court snubs Apple-Epic Games legal battle https://ift.tt/HtblGZU justices also turned away Epic's appeal of the lower court's ruling that Apple's App Store policies limiting how software is distributed and paid for do not violate federal antitrust laws. The justices gave no reasons for their decision to deny the appeals.

$139 B: China weighs more stimulus with rare bonds

January 16, 2024 0
$139 B: China weighs more stimulus with rare bonds
$139 B: China weighs more stimulus with rare bonds https://ift.tt/OBN7bpg is considering a special sovereign bond plan to issue 1 trillion yuan ($139 billion) of new debt. The proposal involves the sale of ultra-long sovereign bonds to fund projects related to food, energy, supply chains, and urbanization. This plan is part of President Xi Jinping's government efforts to shift spending responsibility from local officials to central authorities.

Monday, January 15, 2024

Qatar pauses Red Sea tankers after Western strikes on Houthis

January 15, 2024 0
Qatar pauses Red Sea tankers after Western strikes on Houthis
Qatar pauses Red Sea tankers after Western strikes on Houthis https://ift.tt/xOKAcJV, a major LNG exporter, has suspended sending tankers through the Red Sea due to attacks on ships by the Houthis, who are targeting the crucial trade route in solidarity with Palestinians. The attacks have disrupted global commerce and concerned major Western powers.

These 5 outperformers have lower PEs than their industry

January 15, 2024 0
These 5 outperformers have lower PEs than their industry
These 5 outperformers have lower PEs than their industry https://ift.tt/YqoVt8l to Trendlyne, these 5 stocks outperformed their industry. The counters have better durability and momentum, and they have PE lower than the industry. Take a look:

Motilal Oswal MF rakes in Rs 622-crore profit via stake sale in Zomato, 5 FPIs pick shares

January 15, 2024 0
Motilal Oswal MF rakes in Rs 622-crore profit via stake sale in Zomato, 5 FPIs pick shares
Motilal Oswal MF rakes in Rs 622-crore profit via stake sale in Zomato, 5 FPIs pick shares https://ift.tt/VxPMtc1 domestic mutual fund firm sold 4.5 crore shares or 0.5% stake in Zomato at Rs 138.15 a share, according to block deals data on the National Stock Exchange. As of December-end, Motilal Oswal MF held a 1.83% stake in the new-age consumer technology major. The selling exerted pressure on the stock, as it closed 4.4% down at Rs 133.40 on the NSE.

Sunday, January 14, 2024

IT may see a muted Q4; rebound likely in FY25: Experts

January 14, 2024 0
IT may see a muted Q4; rebound likely in FY25: Experts
IT may see a muted Q4; rebound likely in FY25: Experts https://ift.tt/hLnUlSE third-quarter performance of Indian IT majors such as TCS, Infosys, HCLTech and Wipro did not inspire much confidence. In Q3, Tata Consultancy Services posted a 4% increase in revenue and a 2% expansion in profit, while Infosys reported a 7.3% drop in profit. Meanwhile, Wipro’s profit fell 12% and HCLTech’s grew 6.2%.

Saturday, January 13, 2024

Comparing investment potential in Indian vs US real estate markets

January 13, 2024 0
Comparing investment potential in Indian vs US real estate markets
Comparing investment potential in Indian vs US real estate markets https://ift.tt/hLnUlSE US real estate market is known for its stability, diverse geography, and transparent regulatory framework. On the other hand, the Indian real estate sector has significant growth potential but is characterized by regulatory complexities and occasional economic volatility. India, on the other hand, with its burgeoning middle class and urbanisation, presents significant growth potential in its real estate sector.

Gold rises on geopolitical tensions but investment demand remains weak

January 13, 2024 0
Gold rises on geopolitical tensions but investment demand remains weak
Gold rises on geopolitical tensions but investment demand remains weak https://ift.tt/ErBisSy is expected to find good support into the dips on geopolitical concerns emanating from the Middle East as the US and the UK strikes on Houthis have made the region vulnerable. Nonetheless, the yellow metal will be at. a risk to slide lower in case the tensions remain contained, more so as hard macroeconomic data of the US economy remain encouraging.

Friday, January 12, 2024

Adventz Finance offloads Gillette shares

January 12, 2024 0
Adventz Finance offloads Gillette shares

Sebi plans to allow voluntary freezing of clients’ trading account from July 1

January 12, 2024 0
Sebi plans to allow voluntary freezing of clients’ trading account from July 1
Sebi plans to allow voluntary freezing of clients’ trading account from July 1 https://ift.tt/jxXi8Aw, voluntary blocking/freezing of demat accounts is already available for investors, and this facility is now proposed to be offered for their trading accounts also, Sebi said.

Thursday, January 11, 2024

Donald Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial

January 11, 2024 0
Donald Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial
Donald Trump defies judge, gives courtroom speech on tense final day of New York civil fraud trial https://ift.tt/SnEM7wD spoke as the judge was trying to find out if the former president would follow rules requiring him to keep his remarks focused on matters related to the trial. Asked whether he would comply with the guidelines, Trump defied the judge and simply launched into his speech.

SIP account additions hit new high in December 2023

January 11, 2024 0
SIP account additions hit new high in December 2023
SIP account additions hit new high in December 2023 https://ift.tt/8IxGkTu benchmark indices gained around 8% in December alone following renewed interest of foreign portfolio investors (FPIs) and sustained flows form domestic investors. That took the calendar year gain to over 20%. This has prompted more retail investors to opt for equity investments, and SIP has emerged as a preferred route.

Wednesday, January 10, 2024

Bond rally overlooking a soaring $2 trillion debt problem

January 10, 2024 0
Bond rally overlooking a soaring $2 trillion debt problem
Bond rally overlooking a soaring $2 trillion debt problem https://ift.tt/7VkKtJp the next several weeks, governments from the US, UK and the eurozone will start flooding the market with bonds at a clip rarely seen before.

Tuesday, January 9, 2024

StanChart funds Rs 700 crore debt for ReNew arm

January 09, 2024 0
StanChart funds Rs 700 crore debt for ReNew arm
StanChart funds Rs 700 crore debt for ReNew arm https://ift.tt/fHU9kZj parent company, ReNew, has provided a corporate guarantee for the full amount raised by the SPV. The corporate guarantee is unconditional, irrevocable, and legally enforceable, according to a rating report by Care Ratings.

Should we expect inline performance from IT majors in Q3? Mahantesh Sabarad answers

January 09, 2024 0
Should we expect inline performance from IT majors in Q3? Mahantesh Sabarad answers
Should we expect inline performance from IT majors in Q3? Mahantesh Sabarad answers https://ift.tt/E1OGhA9 Sabarad says: “A mixture of events that has caused this underperformance on HDFC Bank overall. And within that mixture one cannot wish away what is happening to the banking sector per se. The banking sector is now on a high in terms of credit growth. The YoY credit growth number is upwards of 16% thereabouts.”

Monday, January 8, 2024

Shapoorji Pallonji firm faces bond yield spike on asset sale concerns

January 08, 2024 0
Shapoorji Pallonji firm faces bond yield spike on asset sale concerns
Shapoorji Pallonji firm faces bond yield spike on asset sale concerns https://ift.tt/Y4VfdMN revolve around the mandatory prepayment clause, including coupon step-ups and utilising proceeds from the monetisation of assets like Afcons and Gopalpur Port.

Bangladesh: Sheikh Hasina wins re-election after polls without opposition

January 08, 2024 0
Bangladesh: Sheikh Hasina wins re-election after polls without opposition
Bangladesh: Sheikh Hasina wins re-election after polls without opposition https://ift.tt/dNpiIwr landslide victory that the Awami League helped itself win in yesterday's polls means Sheikh Hasina will further tighten her grip on power as she is poised to go in history as the longest serving prime minister in Bangladesh,according to the Daily Star.

Sunday, January 7, 2024

It could be time to ponder a 'one foot out of the door' plan

January 07, 2024 0
It could be time to ponder a 'one foot out of the door' plan
It could be time to ponder a 'one foot out of the door' plan https://ift.tt/T6tOiH5 the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic.

Saturday, January 6, 2024

Lok Sabha Election 2024: Congress constitutes election committees for eight states

January 06, 2024 0
Lok Sabha Election 2024: Congress constitutes election committees for eight states
Lok Sabha Election 2024: Congress constitutes election committees for eight states https://ift.tt/fo3NBST Sabha Election-2024: ​Earlier on Saturday, the Congress set up a Central War Room for the ensuing Lok Sabha elections which comprises the organisational war room and a communication war room.

Bangladesh votes today; Hasina aims to return for 4th term

January 06, 2024 0
Bangladesh votes today; Hasina aims to return for 4th term
Bangladesh votes today; Hasina aims to return for 4th term https://ift.tt/If3nit4 polls will take place under the vigil of nearly 750,000 police and paramilitary personnel and police auxiliaries. The country has also roped in officials of the army, navy and air force for the polls amid allegedly Opposition-instigated violence including an attack on a train late Friday.

Friday, January 5, 2024

Rs 8,800-crore worth block deals take place this week; ITC, Vodafone Idea among stocks with significant action

January 05, 2024 0
Rs 8,800-crore worth block deals take place this week; ITC, Vodafone Idea among stocks with significant action
Rs 8,800-crore worth block deals take place this week; ITC, Vodafone Idea among stocks with significant action https://ift.tt/cViYyN9 the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,729 crore, led by Kotak Mahindra Bank.

Wall St Week Ahead: High market hopes raise stakes as US stocks face inflation data, earnings

January 05, 2024 0
Wall St Week Ahead: High market hopes raise stakes as US stocks face inflation data, earnings
Wall St Week Ahead: High market hopes raise stakes as US stocks face inflation data, earnings https://ift.tt/4OXlB2T a shaky start to the year, the S&P 500 stands only around 2% below a fresh record high. Most investors have maintained a rosy view on everything from the U.S. economy and corporate profits to the Federal Reserve's monetary policy trajectory.

Vietnam EV maker VinFast names founder as CEO, replaces CFO

January 05, 2024 0
Vietnam EV maker VinFast names founder as CEO, replaces CFO
Vietnam EV maker VinFast names founder as CEO, replaces CFO https://ift.tt/DZLgrHn, 55, replaces Le Thi Thu Thuy, who held the post since late 2021, VinFast said in a statement. The company named Nguyen Lan Anh as chief financial officer. (Reporting by Phuong Nguyen; Editing by William Mallard)

Thursday, January 4, 2024

Work likely to get affected as SAT now has only one member

January 04, 2024 0
Work likely to get affected as SAT now has only one member
Work likely to get affected as SAT now has only one member https://ift.tt/Qznp7gG functioning of SAT which hears appeals against orders by the capital markets regulator is likely to be affected after the retirement of the presiding officer. SAT has a sanctioned strength of three judges. The lack of a presiding officer will lead to an increase in litigation as appeals filed before SAT against adjudication orders passed by Sebi will remain pending, said securities lawyers.

Paytm, Zomato among 6 companies that saw highest PE exits in 2023

January 04, 2024 0
Paytm, Zomato among 6 companies that saw highest PE exits in 2023
Paytm, Zomato among 6 companies that saw highest PE exits in 2023 https://ift.tt/v9KFDbw 2023, Indian equities experienced a stellar bull run, outshining all emerging market counterparts. The robust secondary market presented PE and VC firms with a golden opportunity for profitable exits, thanks to a consistent influx of flows, notably from DIIs. Consequently, 2023 witnessed record-breaking PE and VC exits via secondary markets in India's equity history. In total, 78 companies saw PE exits, totalling Rs 975 billion. Here are 6 such significant deals. (Source: Nuvama)

There is room for at least 20-25% upside in PSU stocks: Siddhartha Khemka

January 04, 2024 0
There is room for at least 20-25% upside in PSU stocks: Siddhartha Khemka
There is room for at least 20-25% upside in PSU stocks: Siddhartha Khemka https://ift.tt/9yxaGiN Khemka says: “We believe that in the next two years, FY24-25, the Nifty earnings would continue to grow at 18-20% which should drive the returns from the market. We do not expect much re-rating as we are near the mean of around 20 times. So the earnings will drive the returns and that is what we believe investors should look for.”

Wednesday, January 3, 2024

Missed the rally? No worries... You may yet get a chance to buy at lower levels

January 03, 2024 0
Missed the rally? No worries... You may yet get a chance to buy at lower levels
Missed the rally? No worries... You may yet get a chance to buy at lower levels https://ift.tt/otqElRY managers said modest and brief declines in mid-cap and small-cap stocks in recent times make them more vulnerable to steeper corrections.

Germany urges citizens to leave Lebanon swiftly

January 03, 2024 0
Germany urges citizens to leave Lebanon swiftly
Germany urges citizens to leave Lebanon swiftly https://ift.tt/5Zbmo2e Israel has made no claim, Hamas, Hezbollah and Lebanese security sources blamed it for the assassination of al-Aruri, 57, one of the founders of Hamas' military wing.

Tuesday, January 2, 2024

Union Bank staff oppose benefits paid as e-rupee

January 02, 2024 0
Union Bank staff oppose benefits paid as e-rupee
Union Bank staff oppose benefits paid as e-rupee https://ift.tt/ohuIDtf Digital Currency: Union Bank of India aims to adopt Reserve Bank of India's digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance from some employees, prompting a protest from the All India Union Bank Employees Federation. They advocate for management to consult staff before enforcing this initiative.

SBI raises $1 billion in offshore syndicated loan

January 02, 2024 0
SBI raises $1 billion in offshore syndicated loan
SBI raises $1 billion in offshore syndicated loan https://ifttt.com/images/no_image_card.png"The success of this transaction reflects the improvement in the bank's credit and business profile, which is the result of tremendous work put in by SBI as a team over the years," SBI Chairman Dinesh Khara said exclusively to ET.

Monday, January 1, 2024

Ashok Vaswani assumes charge as Kotak Bank's MD and CEO

January 01, 2024 0
Ashok Vaswani assumes charge as Kotak Bank's MD and CEO
Ashok Vaswani assumes charge as Kotak Bank's MD and CEO https://ift.tt/u84eCoH, a seasoned banker with experience at Barclays and Citigroup, is known for his role as a 'digital evangelist' at Barclays, where he pioneered digital banking, contributing to the bank's recovery after the 2008 financial crisis. As a chartered accountant and company secretary, Vaswani played a key role in reshaping Barclays' retail strategy after the global financial crisis. He is also associated with introducing Europe to digital banking through the innovative 'Pingit' mobile payments service.

Featured Post

Airlines hoping for more Boeing jets could be waiting awhile