alexa

Search in IndianMoney.com

 
Home News Growth

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Higher slippages at IndusInd point to stress ahead

Friday, October 11, 2019, 3:56 PM

More bad news was in store on Thursday for investors of IndusInd Bank, which had recently witnessed a sharp fall in its price amid growing turmoil in the housing-finance-market. The lender reported lower-than-expected net profit of Rs.1,401-crore for the second-quarter, even as bad assets rose and profit declined 2%. In addition, the bank's management hinted that the slowdown may continue for a few quarters.
News Image

US-China trade war weakening demand for oil

Saturday, August 10, 2019, 8:52 PM

The trade war between the US and China and a broader decline in world economic growth are weakening the demand for oil and pushing prices down, the International Energy Agency said on Friday. The Paris-based agency cut its forecast for oil demand growth this year and next as trade tensions weigh on activity in the energy-hungry manufacturing sectors around the world.