Employment share of those below 30 years dropped by over 200 bps during coronavirus lockdown: CMIE

Young workers, aged below 30 years, were the ones to face the most job losses during the lockdown starting from April, with their share in total employed in the country declining to 18.8 percent during April-June 2020 from 20.9 percent, the Centre for Monitoring Indian Economy (CMIE) said in its weekly data.

SBI share price gains on Q1 profit; CLSA, Nomura, Kotak recommend buy

Japanese broking firm Nomura also has a buy rating with target at Rs 230 per share. It is of the view that the PSU bank delivered a strong operating performance with sustainability being the key. Banks should be able to navigate current cycle well. Overall core PPoP/Asset and a weak capital position are concerning.

Bank FDs double YoY to Rs 6.1 lakh crore in Q1 FY21

Money parked in fixed deposits (FDs) rose by Rs 6.1 lakh crore during the period April to July 3, twice the amount recorded during the same period in 2019-20. In the same period last year, banks had recorded fresh FDs worth Rs 3 lakh crore, The Times of India reported.

How sky-high rents forced people into imaginative alternatives

Co-operative living Patrick Smith, 62, the director of a vegan catering co-operative, lives with nine other people in a housing co-op in Nottingham, where he pays a fraction of the typical rent. Housing co-ops tend to be democratic organisations controlled by members, who set their own policies and decisions. In Smith’s co-op, the housemates have […]