The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

24 New Cars To Hit The Road In 2022

‘Some of the launches may get deferred due to the semiconductor shortage, which is unlikely to get resolved before the second half of 2022.’ Every new year brings with it a set of new wheels across segments and price ranges, and 2022 will be no different. The year that dawns on us will see over two dozen new cars and […]

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The Great Indian Cash Obsession

Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash.About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar. Time stands still at Lohar Chawl […]

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Asian Shares Trade In Narrow Range

Asian stocks were little changed in cautious trade on Wednesday amid renewed concerns about the Omicron Covid-19 variant’s economic impact. Information technology stocks followed the Nasdaq Composite higher, helping limit the downside, if any. The Biden administration on Tuesday unveiled the stepped-up measures to counter an Omicron surge in the United States. Elsewhere, British Prime Minister Boris Johnson ruled out […]

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New First U.S. Omicron Case Traced To Nebraska Man On November 24

The CDC announced today it had identified an Omicron case in the U.S. from November that is now determined to be the earliest-known stateside arrival of the variant. Previously, the first Omicron case in the country was thought to be an infection in a California woman whose symptoms surfaced on November 25. The newly-identified first U.S. case occurred in a […]

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There's still time to sign up for health insurance through the public exchange. You may qualify for financial help

The current open enrollment for the public health insurance marketplace lasts an extra 30 days, ending on Jan. 15. Already, 13.6 million people have signed up for 2022 coverage through the federal exchange or a state marketplace. The financial help available was expanded for this year and next year. Open enrollment for the public health insurance marketplace lasts a month […]

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More employers put 401(k) savings on autopilot

About 62% of businesses with a 401(k) automatically enroll workers into the retirement plan, according to the Plan Sponsor Council of America. 2020 was the first year employers most commonly used a 6% "deferral" rate, rather than 3%. Automation comes as many workers feel they're falling behind on savings and as they shoulder more individual responsibility to prepare. Employers are […]

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Record foodgrains production likely in 2022

India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a shadow on the country’s resilient agriculture sector that is on course for better harvest in 2022 despite pandemic blues. While soaring production of foodgrains that also helped the government provide free additional rations for COVID-hit poor families for […]

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‘I have raised Rs 90,000 crore’

‘The ship has been stabilised.’‘For the last 6-7 quarters, profitability is stable around Rs 250-Rs 300 crore.’ Sameer Gehlaut (promoter), who held nearly 22 per cent in Indiabulls Housing Finance, sold 11.9 per cent in multiple block deals last fortnight to over 10 entities. Gehlaut will also step down from the board by the end of FY22 and complete the […]

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India’s Quest For A Role In The Future Of Semiconductors

‘Whoever owns the best chip industry will be the Saudi Arabia of the era of data,’ predicts Rajeev Srinivasan. The announcement of a new semiconductor policy on December 15th is welcome news, and the concerned ministers need to be complimented on putting it out there. There is a caveat though: It is too little, too late; this should have been […]

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