Honan appoints CFO as business pursues growth plans 5 July 2022 Honan Insurance Group has appointed Jacob Gunzburg to the newly created position of Chief Financial Officer as the business pursues growth ambitions. The group says Mr Gunzburg will oversee more than $500 million in premiums and $100 million in revenue and will be responsible … Read more
As tourism has started in full swing in the nation, Indian hotels are on a growth path as Mumbai continue to be the market leader, a new report said. Mumbai hotels recorded an occupancy rate of 80 per cent in May 2022, which was followed Pune and Bengaluru, consulting firm HVS … Read more
While credit growth in the system has picked up, deposit growth has not kept pace with credit growth, resulting in a widening of the gap to an over three-year high, thus exacerbating concerns that slow deposit growth could emerge as one of the biggest constraints for loan growth in the system. … Read more
Breadcrumb Trail Links PMN Business Soaring rental growth in London’s premium districts is set to slow in the second half, with the cost of living crisis curbing the amount tenants are able to pay. Author of the article: Bloomberg News Irina Anghel uhfma3ab8l[1lawwje3dr)1a_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Soaring rental growth in London’s premium … Read more
‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 crushed tech stocks that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 has fallen about 20% year to date, while the tech-centric Nasdaq is down 30% over the same time … Read more
House prices growth slowed in May, to levels not seen since December 2019 according to the latest Zoopla data. This slowdown comes after two years of unprecedented growth in property prices. Much of this growth has been driven by a ‘race for space’ post pandemic, and attractive short-term stamp duty reductions. But Zoopla points out … Read more
Domestic rating agency Crisil on Friday lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier. It attributed the downward revision to higher oil prices, slowing of export demand and high inflation. This is in line with the … Read more
India’s factory output expanded at its slowest pace in nine months in June as elevated price pressures continued to dampen demand and output, according to a private survey, which also showed business confidence was at its lowest in over two years. Although inflation eased in May to 7.04% after … Read more
As economic recovery gains traction, loan demand from banks started improving from the second half of the 2021-22 with credit hitting 13 per cent in June. According to the Reserve Bank of India’s Financial Stability Report (FSR), public sector banks recorded growth in industrial credit after almost three years … Read more
Credit growth to industry accelerated to 8.7 per cent in May 2022, while for agriculture and allied activities, the off-take increased by 11.8 per cent, according to RBI data released on Thursday. Data on sectoral deployment of bank credit for May 2022 has been collected from select 40 banks … Read more