Author: ONS Editor

Acquiring a business loan stands as the potential key element that enables your organization to grow upward. The essentiality of capital access helps business owners achieve their aims of operation expansion and cash flow management and equipment purchase.Preventable mistakes prevent numerous organizations from obtaining eligible financial requirements for business loans. The article gives practical steps which enhance your opportunity to secure business financing.Business loanBusiness loans serve to fulfil corporate needs without targeting individual members of society. A business loan exists when companies borrow funds from banking institutions or credit unions alongside internet lenders to repay the amount in portions with…

A high credit score offers much more than numerical value because it functions as a gate to better financial prospects together with financial independence. Credit scores determine approval rates on loans together with interest rates and prices of property rentals and potential job availability. Acquire financial stability by understanding the fundamental procedures which will help you maintain a high credit score. This article demonstrates the cycle of good credit score.Credit scoreThe numeric value of your credit score demonstrates your financial reliability from handling borrowed funds properly. A combination of payment history, existing debt, duration of credit history, credit kinds used…

(Bloomberg) — Ayala Land Inc. is looking at fresh borrowings of up to 75 billion pesos ($1.3 billion) this year as the Philippines’ top property developer plans to continue pushing expensive homes amid still elevated interest rates. Short-term mortgage rate needs to drop by as much as 75 basis points from 6.5%-6.75% currently “to really encourage the core market to come back,” Chief Financial Officer Augusto Bengzon said in a briefing on Thursday, referring to its main middle income market wherein many seek loans to buy property. “We are going to lean on the premium segment for as long as…

The slowdown for L&T Technology Services Ltd (LTTS), KPIT Technologies Ltd, Cyient Ltd, and Tata Elxsi Ltd, as per a Mint analysis, is the latest setback for India’s $254 billion IT services sector. The ER&D space, where companies design and build technologies and products for carmakers, grew 7.4% to end with $43 billion in revenue in the year ended March 2024, according to the National Association of Software and Service Companies. ER&D’s growth was almost double that of overall IT services, which expanded 3.8%, the slowest pace since the pandemic.   Revenue at LTTS increased 6.4% to $914 million in…

India may face an impact of up to 0.6% of GDP from the US reciprocal tariffs, according to Goldman Sachs, which calculated various scenarios of the tariff imposition.”We estimate a potential domestic GDP growth impact of 0.1-0.3pp under different scenarios of increase in average US effective tariff rate on Indian exports (under country-level reciprocity and product-level reciprocity), and different estimates of price elasticity of US demand for Indian exports,” Goldman Sachs said in a report. With reciprocal tariffs, India could face higher costs in exporting goods to the US, reducing its competitive advantage in sectors like textiles, pharmaceuticals, and engineering…

Chennai-based public sector lender Indian Overseas Bank (IOB) has announced the appointment of Madhaw Chandra Jha as its Chief Financial Officer (CFO), effective March 1, 2025. He will succeed S P Mahesh Kumar, the current General Manager & CFO, who is set to retire on February 28, 2025.Jha, a Chartered Accountant, brings nearly two decades of experience in accounting and finance. Having served in Indian Overseas Bank for 19 years, he has overseen key financial operations, including financial statement preparation, statutory audit coordination, regulatory reporting, and specialised areas such as IndAS implementation. He has also held the position of Regional…

Rangachari Sridharan, the former and first chairman of NFRA Rangachari Sridharan, the former and first chairman of the National Financial Reporting Authority (NFRA), has praised the recent Delhi High Court judgment upholding the body’s powers and procedures, while also offering valuable insights into the ruling’s implications for India’s auditing sector.In an exclusive conversation with ETCFO following the judgment, Sridharan welcomed the court’s decisions, particularly on crucial aspects like the authority’s power to investigate audit reports prior to 2018 and the use of a summary inquiry process based solely on audit files. However, he also discussed the ongoing legal challenges, including…

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By Andrew Chung(Reuters) – Marlean Ames received numerous promotions and good evaluations over the years working in Ohio’s youth corrections system, so when she was denied a promotion and demoted in 2019 with a $40,000 pay cut she said she felt “shocked and hurt and humiliated.”But, according to Ames, that was not all. She had a gay supervisor at the time, she was passed over for a promotion in favor of a gay woman and she was demoted in favor of a gay man – both of whom, Ames asserted, were less qualified than her.Trusted news and daily delights, right…