Global Growth to Revive Later This Year as World’s Central Banks Agree to Ease Interest Rates

Washington: The global economy is likely to pull out of a brief growth slump later this year with a little help from the world’s central banks and from US and Chinese trade negotiators. Global finance leaders gathered from the spring meetings of the International Monetary Fund and the World Bank agree that the global economy has lost momentum this year. But they expect growth to pick up in the second half of 2019, as central bankers ease up on interest rates.       Still, a trade standoff between the United…

Volkswagen Ameo to Hyundai Tucson: Cars with Rs. 1 lakh plus discounts this April

2019 is turning out to be a tough year for auto manufacturers as the sales have come down compared to the previous months. To counter the same, manufacturers are offering big discounts on their lineup of cars. While discounts near about Rs. 50,000 are being offered by several manufacturers, many cars are running with discounts worth more than Rs. 1 lakh or near that sum. If you have been looking for a great value for money deal on a car, here is a list of cars being sold with discounts…

India’s top court voided rules meant to resolve bad debt. That’s not good for banks, Moody’s says

Ratings agency Moody’s said a new ruling from India’s top court that voided guidelines about how lenders should resolve their bad debts is potentially bad news for Indian banks. On Tuesday, the Supreme Court said India’s central bank exceeded its authority when it tightened those guidelines last February. As a result, the top court declared the rules “to be of no effect in law.” The Supreme Court in its ruling struck down everything tied to the original Reserve Bank of India guidelines: “Consequently, all actions taken under the said circular, including actions…