By Raghavendra Kamath The Reserve Bank of India has been increasing key rates to tackle inflation which has led to mortgage rates going up. Despite this, Anshuman Magazine, chairman and chief executive, India, South East Asia, Middle East, Africa, at global property consultancy firm CBRE, tells Raghavendra Kamath that home sales would see a strong momentum in FY23 […]
A group of ministers (GoM) reviewing the Goods and Services Tax (GST) rates has decided to remove exemption for packaged food items, if sold under unregistered brands. These items will be taxed at 5%, the rate for branded food. The move is in the wake of misuse of the exemption for unbranded food by a […]
A new study has revealed that couples who make pay together, stay together, with research revealing that relationships among those who either currently run, or have run, a small company with their partner last 5 times longer than the national average. This equates to 11 years, 4 months for those who run a business together, compared […]
Irish start-up Webio, a leader in Conversational AI in the credit, collections and payments industry, has today announced a series A funding round led by Finch Capital. Webio is primed to scale-up following the digital shift during the pandemic and the uncertain economic climate to make difficult conversations about payments easy through their Conversation AI. […]
Job seekers now view hybrid working as a pre-requisite for new roles, with a new study revealing it is now as important as other financial benefits including health insurance, life insurance and group income protection. IWG, the world’s largest flexible office and workspace provider, commissioned research among 2,000 office workers to better understand the key […]
Monzo is likely to press ahead with its crypto investment plans despite the current crash in the market, its co-founder said today. Speaking at Financial Times Live event, Jonas Templestein, co-founder of the London-headquartered challenger bank, said that the recent crash in the crypto market “probably…hasn’t affected our plans” and the firm would continue to […]
Nadine Dorries has continued to pave the way for the post-Brexit digital landscape this evening, emphasising the UK’s departure from EU bureaucracy. In its fresh consultation released tonight, the government have set out how the Data Reform Bill announced in this year’s Queen’s Speech will strengthen the UK’s data protection standards while reducing burdens on […]
The transport secretary has told rail staff not to “risk striking yourself out of a job” just days before industrial action that will close much of the railway next week. In a speech in which Grant Shapps said he was “appealing directly to workers” instead of unions, he claimed the strikes were “a bid to […]
Global markets fell sharply yesterday after a series of interest rate rises from global central banks rekindled fears that aggressive policy tightening could push economies into recession. After a relief rally on Wednesday when investors welcomed the US Federal Reserve’s aggressive move to raise rates by 75 basis points — its biggest since 1994 — […]
UK interest rates could rise to 3 per cent by the end of the year, financial markets believe, as the Bank of England has to ramp up its measures to fight inflation. Money markets are forecasting a much tighter UK monetary policy after the Bank upgraded its inflation forecast to peak at more than 11 […]