Tag: financial

Bajaj Finance Q3 results today; net profit likely to grow 41% but margin concerns persist

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Finance
Bajaj Finance is expected to report a 41 per cent jump in consolidated net profit to Rs 3,000 crore for the quarter ended December 2022, according to Zee Business research. The non-banking financial services (NBFC) company had reported a net profit of Rs 2,125.3 crore for the corresponding period a year ago. Pune-based Bajaj Finance will report its earnings for the October-December quarter of the current financial year on Friday, January 27, 2023. Also Watch: Bhasin Ke Haseen Shares: Why Sanjiv Bhasin Recommends To Invest In Bajaj Auto, Bajaj Finance And Bajaj Finserv For Today? Net interest income (NII) —…

Business News: Latest News On Business, Inventory Markets, Financial News, India Business & World Business News

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News
“If we didn’t already have a plant in China, we sure wouldn’t begin one now,” he said. The latest instance of that hit Tuesday, when the Biden administration said it plans to halt shipments to China of extra superior artificial intelligence chips designed by Nvidia and others. Despite Canada’s economic resilience within the face of rising rates of interest, it’s still important to be prepared in case a recession hits. ‘the Pain In His Face’: News Reporter Goes Viral After Uncomfortable Moment Attempting To Swallow A Sizzling Canine At State Truthful This broke the streaming platform’s own current concurrency record…

The Bank of Canada is expected to raise interest rates once more, cap at 5%

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Finance
Article content The Bank of Canada will raise borrowing costs by another 25 basis points in coming months before capping its tightening cycle, economists said. Article content Canada’s central bank will increase its key overnight rate to five per cent in the third quarter, according to a monthly Bloomberg survey of 25 economists. That would be the highest level since 2001. Article content The outlook still more or less shows the economy headed for a so-called soft landing as policy makers push rates deeply into restrictive territory. Analysts raised their expectations for growth in 2023 to 1.3 per cent from…

Corporate bankruptcies surge on high interest rates, uncertainty

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Finance
Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months. The corporate default rate rose in May, a sign that US companies are grappling with higher interest rates that make it more expensive to refinance debt as well as an uncertain economic outlook. There have been 41…

Erdogan Picks Market Darling Simsek to Return as Turkey’s Finance Chief

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Finance
(Bloomberg) — Turkish President Recep Tayyip Erdogan will appoint Mehmet Simsek as his new treasury and finance minister, bringing back an advocate of conventional economics to shore up market confidence after elections, according to people with direct knowledge of the matter. Most Read from Bloomberg Simsek is set to be in charge of all of Turkey’s economic policies in the new cabinet, which is expected to be announced on Saturday, the people said, asking not to be identified because of sensitivity of the matter. The lira briefly erased losses on the news before dropping to trade 0.3% weaker against the…