News That Matters

Finance

Trying to get hired amid the pandemic? Here are some tips

Trying to get hired amid the pandemic? Here are some tips

Finance
A Japanese male businessman typing on a laptop computer.kazuma sekiWhether you were looking for a new job before the coronavirus pandemic hit or have lost your job because of it, one thing is clear: Getting hired now isn't going to be so easy. "We're seeing a lot of interviews rescheduled or canceled," said Emily Slocum, global head of client services at GQR, an employment agency. "A lot of our candidates are frustrated."Yet there are still new positions opening up every day, Slocum said. CNBC spoke with hiring experts about how to land a job even as the global health crisis shuts down businesses and forces employees to stay home. Take advantage of downtime Most of us have a little more downtime these days: Use some of it to update your resume and LinkedIn pro...
IndusInd Bank records meagre 4% deposit growth

IndusInd Bank records meagre 4% deposit growth

Finance
Mumbai: Private lender IndusInd Bank on Tuesday said it’s advances grew 13 per cent at the end of March 2020 much slower than the 20 per cent growth it had recorded in credit growth at the end of the December quarter. In value terms it’s advances stood at Rs 2.09 lakh crore versus Rs 1.86 lakh crore during the corresponding period last year. It’s deposits grew a paltry 4 per cent at the end of March to Rs 2.02 lakh crore versus Rs 1.94 lakh crore at the end of March 2019. It’s deposits had grown 23 per cent at the end of December. Out of the total deposits 34 per cent was contributed by retail and small business customers. It’s CASA ratio stood at 40.5 per cent at the end of March 2020, which was at 43.1 per cent in March 2019 and 42.4 per cent at the end of December. The bank had recently
Yes bank can’t declare firm NPA for non payment of loan due to coronavirus: HC

Yes bank can’t declare firm NPA for non payment of loan due to coronavirus: HC

Finance
New Delhi: The Delhi High Court Monday said that prima facie Yes Bank could not have declared a private company's account as non-performing asset (NPA) for its failure to pay loan installments due to coronavirus pandemic. Justice Sanjeev Sachdeva, who conducted the hearing through video conferencing, took on record the statement made by the counsel for Anant Raj Ltd that it will make payment on or before April 25, the instalment which fell due as on January 1, 2020 along with the interest accrued till the date of payment irrespective of the lockdown position. "Prima facie, I am of the view that the classification of the account of the petitioner (company) as an NPA on March 31, 2020 could not have been done by the respondent (bank). Accordingly, status quo ante is restored qua the classifi...
Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Finance
Oil prices dipped during morning deals on Monday, shortly after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh were "very close" to an oil deal.International benchmark Brent crude futures traded at $ 32.96 a barrel Monday morning, down more than 3.2%, while U.S. West Texas Intermediate (WTI) futures stood at $ 27.46, more than 3% lower. "I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close," Kirill Dmitriev of the Russian Direct Investment Fund told CNBC's "Capital Connection" on Monday.Oil prices edged into positive territory shortly after Dmitriev's optimistic comments, but have since pared those gains.Earlier...
Stocks are set to jump at Monday’s open, Dow futures rise more than 200 points

Stocks are set to jump at Monday’s open, Dow futures rise more than 200 points

Finance
A man walks by the Wall Street subway sign on March 23, 2020 in New York City.Angela Weiss | AFP | Getty ImagesU.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week while investors shook off rising tensions between Saudi Arabia and Russia.Dow Jones Industrial Average futures traded more than 200 points higher, or 1.2%. S&P 500 and Nasdaq 100 futures also climbed more than 1%.Last week, the major averages posted their third weekly decline in four. The Dow slid 2.7% while the S&P 500 lost 2.1%. The Nasdaq Composite closed last week down 1.7%. Stocks are also deep in bear-market territory as concerns over the coronavirus outbreak have virtually shut down the global economy and have dampened sentiment around corporate profits. ...