Finance

Latest Economic Figures Show Worrying Trend In Exports, Current Account Deficit Stays Within Range

  Latest economic figures bring mixed news, but show that exporters are facing a tough time. First, the good news. India’s trade deficit narrowed to a three-month low in May, helped by lower oil prices. The trade deficit is now $10.4 billion, its lowest since February. And now the bad news: India’s exports are down for a sixth straight month, ... Read More »

Is low current account deficit good?

India’s current account deficit came in at a mere 0.2% of gross domestic product (GDP) for the March 2015 quarter. For 2014-15 as a whole, the current account deficit was a low 1.3% of GDP. But is this reduction in deficit really a good thing? From one point of view it is an unalloyed blessing, considering the free fall of ... Read More »

How data can boost your ecommerce business

The Southeast Asia region is now witnessing a massive penetration of internet services. With over 648 million of citizens, 35% of increase in smartphone usage and up to 1.5% of e-commerce annual growth, online retailers, business start-ups and investors can start tapping into new market opportunities and finding ways to fulfilling the demand of the ever-increasing Asian online shoppers. On ... Read More »

WNS Named as a ‘Leader’ in Worldwide Finance & Accounting BPO Services in IDC MarketScape 2015 Vendor Assessment Report.

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced that it has been named as a ‘Leader’ in the IDC MarketScape: Worldwide Finance and Accounting (F&A) BPO Services 2015 Vendor Assessment Report (doc #256297, June 2015). “We are delighted to be recognized as an F&A ‘Leader’ in the latest IDC MarketScape report. ... Read More »

Finance Ministry may finalise additional fund needs for banks in 3 months.

New Delhi: The Finance Ministry is likely to finalise additional capital requirement, over and above budget provision of about Rs 8,000 crore, for public sector banks in the next three months. The exercise of getting representations from individual banks for additional capital requirement would be completed by first week of July. Subsequently, the Department of Financial Services would make fair ... Read More »

Greek jitters are back. After a brief and bizarre market rally in the middle of last week, stock markets across Europe are in the red today again, after a bloody Friday. A key indicator of contagion risk – sovereign bond yields – have also spiked. Spanish, Portuguese and Italian bonds have all risen today, with peripheral debt soaring to a ... Read More »

Police Federation And Finance Ministry Return To Bargaining Table Today

    Horace Dalley, the Minister without Portfolio in the Ministry of Finance, who is leading the negotiations for the government, wrote to the Federation on Monday inviting it to attend the meeting amid a sick out by cops. The police have rejected the five per cent wage increase offered by the Government and are hoping for a better proposal ... Read More »

Keeping up with the Joneses

The draft budget for Charleston County sets a 2 percent pay hike for “outstanding performance” by county employees. Imagine just how outstanding the performance of some key elected officials would be if viewed by that standard. The county auditor’s salary, for example, is recommended for an increase of nearly 50 percent, from $81,244 to $120,243, according to budget figures provided ... Read More »

After the oil rout, energy deals are set to focus on US shale

  “When something on this scale happens, every board asks: ‘What do we do?’ And they call in their M&A advisers and ask them the same question.” According to one senior oil executive, Royal Dutch Shell’s £55bn offer for BG Group, the biggest energy takeover in at least a decade, has prised open a window to dealmaking. The collapse in ... Read More »

Virtual labor organizing could be how the next generation of workers get unionized

    The Century Foundation has a new report out today proposing that union elections be organized and held online. Virtual labor organizing, it says, could be the key to getting a new generation of workers in unions. It would also be much easier than the current process. From the post: Organizing a union through the use of online tools ... Read More »