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IT sector: Downside limited to 5-10% for larger IT companies, but not much upside also: Sandip Sabharwal

Sandip Sabharwal expresses concerns about the IT sector due to unclear growth trends and excessively bullish management on margins. In auto stocks, Maruti's resurgence cycle looks promising, while ICICI Bank stands out among private banking majors. Skipping the IT sector is advised, with cautious optimism towards Apollo Hospitals and turnaround banks.

India , Lucknow , Uttar-pradesh , Kozhikode , Kerala , Sandip-sabharwal , Offering-college , Axis-bank , Indian-school-of-business , Leadership-excellence , Product-officer , Operations-officer

MarketAxess appoints Dan Burke global head, emerging markets

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the appointment of Dan Burke as Global Head of Emerging Markets (EM).

London , City-of , United-kingdom , Tokyo , Japan , Hong-kong , Singapore , America-merrill-lynch , Raj-paranandi , Deutsche-bank , Chief-operating-officer , Emerging-markets

FSB Asia addresses cross-border payments, AI and climate change

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Colombo.

Thailand , Pakistan , Brunei , Sri-lanka , Switzerland , Hong-kong , India , Indonesia , Australia , China , Philippines , Malaysia

RBI finds 'unfair practices in charging of interest', asks banks to review

The regulator found that some lenders have been charging interest from the date of sanction of loan or the date of execution of the loan agreement, instead of the date of actual disbursement of the funds to the customer.

Reserve-bank , Reserve-bank-of-india , Lender , Bank , Credit , Unfair-practice , Fairness , Rbi ,

Japan's yen surges against U.S. dollar on suspected intervention

Traders have been on edge for weeks for any signs of action from Tokyo to prop up a currency that has lost 11% against the dollar so far this year

United-states , New-york , Tokyo , Japan , Australia , Sydney , New-south-wales , Singapore , South-korea , China , Chinese , Japanese

iTWire - How the experience of an APAC banking CIO crystallised cloud observability's rapid rise

GUEST OPINION:  At Dynatrace’s recent global conference, a conversation with the CIO of an Asia Pacific digital bank was recounted and held...

Australia , Asia-pacific , Gartner , North-star- , Dynatrace , Bank , Software , Outage , Incidents , Business-transformation , Analytics , Cloud

Majority of aspiring Canadian homeowners awaiting rate cuts before buying, survey shows

Bank of Montreal says 72% of respondents hoping to buy a home will wait until borrowing costs fall – an increase of four per cent compared with last year

Canada , Montreal , Quebec , Canadians , Hassan-pirnia , Robert-kavcic , Log-increate-free , Cent , Home , Survey , Bank

Person cut out of vehicle after crash in New Plymouth

A person is in a serious condition at Taranaki Base Hospital after being cut out of a car that crashed into a bank in New Plymouth . A Fire and Emergency New...

New-plymouth , New-zealand-general- , New-zealand , Taranaki , Taranaki-base-hospital , Emergency-new-zealand , Hato-hone-st-john , Highlands-park , Person , Cut , Out

Philippines gets first Mojaloop-enabled inclusive instant payment system

Talino Venture Studios, an award-winning global venture studio for sustainable innovation, and Chemonics International, a leading sustainable development firm, have launched and seed-funded Higala, the pioneer startup Inclusive Instant Payment System (IIPS) in the Philippines.

Philippines , Rizal , San-carlos , Negros-occidental , The-philippines , Filipinos , Filipino , Winston-damarillo , Paula-hunter , Mamertoe-tangonan , Talino-higala , Chemonics-international

Beware of baseless optimism

Buoyed by signs of an economic recovery, Finance and Economy Minister Choi Sang-mok said, Thursday, he sees 'rare signals of green light for the national economy.' He was referring to Korea's economy growing 1.3 percent during the first three months of this year, the highest in 27 months. However, Choi might end up regretting his overly optimistic outlook in light of the formidable economic challenges facing the nation.

China , Ukraine , South-korea , Taiwan , United-states , Korea , Taiwanese , Joe-biden , Yoon-suk-yeol , Us-department-of-commerce , World-bank , International-monetary-fund