Reuters • 6 hours ago
London-based banks and other financial firms won't put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on Monday. Banks and insurers have said they might not be able to rely on this week's political agreement as it will not be formally ratified by EU governments until October or later - too late for them to avoid making changes to their operations before Britain's departure from the EU in March 2019. Catherine McGuinness, policy chief at the City of London, home to the Square Mile financial district, said the transition deal needs to be endorsed by industry regulators so businesses are able to use it to suspend plans to move jobs and operations out of Britain.
In 2018, restructuring portfolio to buy from these 3 spaces: Kunj Bansal 19 Mar, 2018, 10.23AM IST “Recent IPOs could see return in longer term but may not see immediate short term gains post listing.”
No-confidence motion not taken up; Govt says ready for discussion 19 Mar, 2018, 10.25AM IST Both the government and Opposition have braced themselves for handling the no-confidence motion if the matter is taken up in Lok Sabha.
Stocks in focus on 19 March 2018 19 Mar, 2018, 08.27AM IST Here is a list of top stocks that are likely to be in focus in today's trading session.
Look to short Nifty if index breaks 10,200 19 Mar, 2018, 08.19AM IST The Nifty has been falling for 7 weeks and is very close to a crucial support zone near 10,140.
Alteria Capital invests Rs 8.5 crore in Mumbai food startup Fingerlix 19 Mar, 2018, 07.26AM IST Fingerlix will use a portion of the fund to also boost its distribution channel and increase presence in retail and other distribution outlets.
Lok Sabha din may again prevent no-confidence move by TDP, YSRCP 19 Mar, 2018, 07.22AM IST The move does not pose any threat to the Modi govt, which has the support of more than 300 members in the House. The saffron party may take the fight to Andhra Pradesh
India still to play role in Lanka port 19 Mar, 2018, 07.38AM IST India continues to remain in the fray to play a role in the Colombo Port despite Lanka’s decision to drop the plan to privatise the port’s East Container Terminal.
What changed your markets while you were sleeping 19 Mar, 2018, 08.12AM IST Let’s check out what all might influence Dalal Street all through the day.
Political mercury rising, will local investors stay put? 19 Mar, 2018, 07.50AM IST While investors think Modi’s chances are bright in 2019, they will wait for state election outcomes.
Only 5% of adult Indians establish own business: Survey 19 Mar, 2018, 06.43AM IST A report, prepared by Gandhinagar-based Entrepreneurship Development Institute (EDI) of India, throws light on India's entrepreneurial activity.
need2know: 11 macro triggers that should matter for market today 19 Mar, 2018, 07.52AM IST A lowdown on top macro triggers that may move market on Monday.
Some banks tag over 40% loans to large companies as NPAs, says finance ministry report 17 Mar, 2018, 12.28PM IST Data shows a jump of four-and-a-half times in less than 3 years; Catholic Syrian Bank is at the top of the heap with close to 50% advances turning into bad debt.
