Piramal Group, a serious contender to acquire debt-laden Reliance Capital’s (RCap) assets, is willing to reduce its stake in competing insurance firms to comply with the country’s insurance sector regulations. The group has already informed the same to the Insurance Regulatory Authority of India (IRDAI), which had earlier raised concerns over its holding in two […]
Thyssenkrupp Industries India (TKII), an industrial plants and systems company, is looking at a 2x growth in its revenues in the next couple of years. After doubling revenues in the last four years from Rs 1,200 crore to Rs 2,500 crore at present, the company expects the growth trajectory to continue this year. The company […]
In Australia, the power crisis is deepening. States of Queensland and New South Wales are facing the risk of blackouts. Paul Allen reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
Around 76% consumers who own air conditioners do not get them serviced by manufacturer/company due to high cost, complicated contact process and time constraints, according to a finding by LocalCircles. According to the findings, two in three consumers say the service arm of air conditioner manufacturer charges 50% or higher compared to local vendors to […]
Jeremy Siegel, a University of Pennsylvania Wharton School professor of finance, says the Federal Reserve should act aggressively in light of the recent US inflation data. He speaks on “Bloomberg Markets: The Close.”
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. Su Keenan reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and […]
Bitcoin has fallen in price against the dollar by more than 15 per cent to below $25,000, its lowest level since December 2020. The world’s biggest cryptocurrency was punished by a sell-off in risk assets after Friday’s surprise US 8.6 per cent inflation jump, to a 40-year high, further heightened expectations of more aggressive tightening […]
The boss of British Airways’ owner Luis Gallego has pointed the finger of blame at the government after weeks of travel chaos have seen cancelled flights and lengthy airport queues. In an interview with The Sunday Times, the airlines chief said the government had to “take some accountability for all this,” referring to the shortage-induced […]
Resignation rates remain high with many root causes for why women may be leaving their employer or workforce altogether – creating an opportunity for employers to help extend women’s careers and retain a wealth of knowledge and experience. One of those factors is the menopause taboo – One in ten women say they haven’t talked […]
UK Finance today has released its latest Business Finance Review which reports on the finance needs of SMEs. The latest Review shows a continuation of the gradual return to normal lending trends across SMEs during the first quarter of 2022. We saw a modest uptick in demand for cashflow finance through overdrafts and invoice finance […]