Raghuram Rajan says attacks on him abominable; was open to extension

Terming political attacks on him as abominable, outgoing RBI Governor Raghuram Rajan on Wednesday said he was open to staying a bit longer to complete the unfinished work of bank clean up, but is perfectly happy to go. Rajan, who had in June decided against seeking a second term after 3-year tenure which ends next month, said the process of ... Read More »

Freelancers with 5-10 yrs experience making up to Rs 19K/day: Report

Freelancers are earning good money as the median pay for a skilled independent professional increases from Rs 8,000 to Rs 19,000 per day as they move from experience range of 0-5 years to 5-10 years, says a report. According to ‘Flexing It’, a platform for flexible management talent in South and South East Asia, the 9-5 job is starting to ... Read More »

Auto industry gains traction ahead of the festive period

It couldn’t be a better month for the automotive industry, with growth of passenger vehicles hitting the highest mark in the past nine months during July, rising 17 per cent with utility vehicles continuing their sprint on a 42 per cent gain last month. Other segments also posted robust numbers. A 13.52 per cent growth in two wheelers boosted fortunes ... Read More »

Bharti Airtel, Aircel, BSNL top chart of MNP violations

Bharti Airtel, Aircel and BSNL accounted for the highest number of violations related to mobile number portability (MNP) norms in the last three financial years. According to the data tabled by Telecom Minister Manoj Sinha in the Lok Sabha, most number cases related to violation of MNP norms were reported in 2013-14 and their number declined sharply to 9 in ... Read More »

Jobs strong, but too many Americans still left out, new Trump economic aide says

You can’t look at one month and say I’m not going to do an improvement in the economic program,” Malpass told CNBC’s “Squawk Box” on Friday, shortly after the Trump campaign announced that Malpass was among a newly created economic team. “You need tax cuts. You need trade reform. You need to have regulatory reform [and] energy reform. All those ... Read More »

Not one bad number in July jobs report, says ex-White House chief economist

The jobs report on Friday didn’t just blow away expectations by adding 255,000 positions, but was strong throughout, the Republican former chief economist of the President’s Council of Economic Advisers said. “We have rarely gotten a report that didn’t have some hole, like you get jobs but there’s no wage growth, or the labor forces declines and the unemployment goes ... Read More »

The big jobs number is a win for luxury housing

A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate brokerage. Redfin defines a home as luxury if it is ... Read More »

Early movers: COH, CTSH, WLTW, PCLN, LNKD, ATVI, KHC, RAX & more

Stocks to Watch: August 5,2016  23 Hours Ago|00:58 Check out which companies are making headlines before the bell: Coach — Coach was upgraded to “outperform” from “market perform” at Telsey Advisory Group, which said recent product and store initiatives have improved perception of the brand and provided near term catalysts for the stock. Cognizant Technology — The technology services provider reported ... Read More »

Jobs recovery gets stronger, and job quality is ‘good’

The United States isn’t just continuing to add jobs — it’s strengthening as well, and that’s good for workers. That’s the big takeaway from this morning’s monster jobs number, which blew away analysts’ expectations. Annual wages rose at an annualized rate of 2.6 percent, which is big news in a job market that has experienced a tepid recovery when it ... Read More »

Early movers: VIAB, TSLA, TEVA, BDX, TIME, GOGO, CHK, LB, SQ & more

Viacom — The media company reported adjusted quarterly profit of $1.05 per share, 4 cents a share above estimates. Revenue also beat forecasts. A drop in media networks results was more than countered by growth in the film division. Tesla — Tesla reported an adjusted quarterly loss of $1.06 per share, wider than the 52 cent a share loss expected ... Read More »