If the HRA component is reduced and not replaced with something for which tax rebate is available, then the tax liability of the employee may…
‘Buy now, pay later’ stocks tumble after U.S. consumer watchdog launches probe
The Consumer Financial Protection Bureau is seeking information from Affirm, Afterpay, Klarna, PayPal and Zip on the risks and benefits of their products.
Transactions worth ₹75,000 crore by 4 ARCs under I-T scanner
These ARCs are being probed for allegedly passing on just about 20% of this amount as recoveries from the non-performing assets they had acquired from…
Sensex falls 280 points as rising Omicron cases spook investors
Broader market indices were trading lower, underperforming their headline peers in morning trade. Nifty Smallcap was down 1.40 per cent while Nifty Midcap fell 1.22…
UK and Australia finalise signing of trade deal
The deal is expected to unlock £10.4bn of additional trade, boosting the economy and increasing wages across the UK, the DTI said
HSBC hit with £64m fine for money laundering failures
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Payments start-up Checkout.com poaches Meta crypto exec to lead product strategy
Checkout.com, a $15 billion payments start-up based in Britain, has hired Meta executive Meron Colbeci as its chief product officer.
Value traps are so 2000s! “Growth traps” are new wealth destroyers
Growth traps, as GMO calls it, are not easy to define or find. In an exercise conducted by its research team, GMO defined growth traps…
African Banking and Finance
Fintechs and ‘neobanks’ take on the establishment; how South Africa’s lenders rode out first Covid storm; Moroccan banks target francophone west Africa; oil price shocks…
Bank strike today. Here’s all you need to know
The two-day strike on December 16 and 17 was called by the United Forum of Bank Unions (UFBU). UFBU is an umbrella body of nine…