KPMG Australia to cut 5% of workforce amid scandal, weak growth outlook KPMG Australia is reducing its workforce by about 5% as the firm continues to deal with the fallout from a scandal involving confidential client information and faces a subdued economic outlook.The cuts will affect 27 partners and about 360 employees, with consulting and…
After two consecutive weeks of declines, Indian equity markets could see some consolidation, with crude oil prices and developments in the US-Iran conflict likely to remain key drivers of market sentiment, analysts said. Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services, said Brent crude prices above $90 a barrel would be closely…
Oil prices slip over $1 per barrel Oil prices eased more than $1 a barrel on Monday as investors booked profits ahead of a US announcement on new sanctions against Iran, with markets weighing the possibility of further disruption to Middle Eastern supplies.Brent crude declined 1.90% to $92.60 a barrel while WTI crude fell 1.96%…
Centre appoints Annie George Mathew, Janmejaya Sinha and Syed Akbaruddin as part-time directors on RBI’s central board MUMBAI: The Centre has appointed former finance ministry special secretary Annie George Mathew, Boston Consulting Group India chairman Janmejaya Kumar Sinha and former diplomat Syed Akbaruddin as part-time, non-official directors on RBI’s central board for four years.The appointments…
FPIs pour Rs 23,544 crore into Indian equities in August as earnings recovery and rupee stability boost investor sentiment NEW DELHI: Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing Rs 23,544 crore so far as improving quarterly earnings, a stable rupee and better market prospects lift sentiment.The inflow comes after…
Carmakers see sales surge, but rising costs squeeze profits NEW DELHI: Carmakers are selling more vehicles, but higher volumes are not necessarily translating into fatter profits. Rising commodity costs, adverse currency movements and production disruptions are squeezing margins at some of India’s biggest passenger vehicle makers even as demand remains strong.Maruti Suzuki is the clearest…
Centre to roll out ‘Kanda Express’ from Monday as onion prices surge 45% year-on-year NEW DELHI: In its bid to check rising prices of onion across different regions, govt will start offloading its buffer stock. As average price of the key kitchen commodity increased to Rs 42 per kg on Saturday, 45% higher than last…
New vehicle rules may curb high-beam glare, with two-wheelers switching automatically to low beam NEW DELHI: Automatic headlamps in two-wheelers will soon work only in passing beam (low beam) mode, and buses and other heavy vehicles will have to use genuine reflective tapes to improve visibility at night and in bad weather. Also, the use…
India’s derivatives market gets a Gen Z makeover, but losses pile up India’s equity derivatives market is seeing more young traders and investors from smaller towns, while people from lower-income groups are also making up a large part of the market, according to a Sebi study.Traders under the age of 30 made up 43% of…
Foreign investors pour Rs 23,544 crore into Indian equities in August Foreign Portfolio Investors (FPIs) have continued their return to Indian equities, with investments reaching Rs 23,544 crore in August so far. A recovery in quarterly earnings, a stable rupee and improving market prospects have helped lift sentiment towards Indian stocks.The August buying comes on…
