Indian banks unlikely to sharply trim lending rates despite new norms

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Indian banks unlikely to sharply trim lending rates despite new norms

MUMBAI, Sept 5 (Reuters) – The Reserve Bank of India’s move to compel lenders to link all new floating rate retail loans to external benchmarks is unlikely to achieve the intended goal of reducing interest rates sharply for consumers anytime soon, bankers …
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WeWork Parent Considers Reducing Valuation Before IPO

The parent company of WeWork, the fast-growing operator of so-called co-working spaces, is considering selling shares in an initial public offering at a significant discount to its valuation from earlier this year, according to two people familiar with the situation.
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Google's $170 million FTC settlement looks tiny, but the deal signals Silicon Valley's urgent kids' problem

Google came to a $170 million settlement with US regulators over allegations that YouTube collected the data of children under the age of 13 without their parents’ consent, violating COPPA privacy laws. The $170 million figure looks like a pitiful number, …
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Trade Setup for Friday: Top 14 things to know before Opening Bell

Sensex and Nifty ended mixed on September 5 after a rangebound trade as investors remained cautious in the absence of any fresh positive trigger for the market at home. Losses in shares of bank and financial majors weighed on the sentiment after the …
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Sears, Kmart parent company to lay off 250 employees

The bad times just keep coming for Sears and Kmart: More employees are being laid off, this time at parent company Transformco. Continue Reading Below. About 250 office workers will be losing their jobs in Illinois, likely starting around late October, USA …
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