News That Matters

Tag: reason

Everyone is upset about India's banking mess except NBFCs. Here's the reason why

Everyone is upset about India's banking mess except NBFCs. Here's the reason why

Finance
When Infrastructure Development and Finance Co (IDFC) was granted universal banking licence in 2014 from among 26 applicants, it was the envy of those who missed out on the coveted prize. Three and a half years later, both investors and the managements that were not lucky enough, are smiling. A surge in liquidity, regulatory arbitrage, and the crippled state of banks converged to make the non-banking finance company (NBFC) business model a success with equity investors latching on to any business that would reflect the Indian financial services growth without its baggage of bad loans. Life has come a full circle with premium attached to banks shrinking while NBFCs gaining traction. IDFC Bank which came into being in 2015 has lost 15.91 per cent since, while its parent IDFC gained 16.33...
Here's a new reason to work fewer hours

Here's a new reason to work fewer hours

Finance
Asking for a raise: Women vs. menGone are the days of strolling into work at 9 a.m. sharp and clocking out precisely eight hours later. American workers are putting in more time on the job than ever before. In a 2014 Gallup poll, 40% of U.S. employees said they work more than 50 hours each week, while 20% put in more than 60 hours. Of course, nowadays, you don't need to physically sit in an office to perform work-related tasks -- a fact that's both a benefit and a curse. With the ubiquity of smartphones and the ability to access proprietary systems remotely, workers can log on at all hours and respond to job-related demands at any time. Working outside the office is still working, and for the nearly half of U.S. employees who regularly put in 50 hours or more each week on the job, it's a...