New Political Group to Push Trump’s A.I. Agenda in Midterms
The group, Innovation Council Action, says it plans to spend at least $100 million. It will be led by a former administration official. Source link
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Bank account portability RBI’s priority for ‘Vision 2028’
MUMBAI: RBI has placed consumer empowerment through portable bank accounts and cross-border efficiency at the centre of its Payments Vision 2028, signalling a new focus to improving user experience and reducing friction in money movement.While customers can freely open accounts with any bank, savings accounts are considered ‘sticky’ because of multiple standing instruction to send…
Politico Names Jonathan Greenberger as New Editor
Jonathan Greenberger, an executive at the publication, will take over from John Harris, a co-founder of Politico. Source link
RBI’s forced dollar unwind to keep rupee from sliding, bruise banks | India News
MUMBAI: The RBI’s unorthodox move to steady the rupee by forcing banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95, even as markets fret over a possible escalation in the Iran conflict and the prospect of a US ground invasion.The move will also cause banks with large open positions…
Indian Stock Markets: Stock market holidays: Dalal Street heads for holiday-shortened week amid Mahavir Jayanti, Good Friday
Indian stock markets will remain closed on Tuesday, March 31, for Mahavir Jayanti and again on Friday, April 3, for Good Friday, giving investors a holiday-shortened trading week.Trading on the NSE and BSE will be suspended on both days across segments, including equity, equity derivatives, currency derivatives, securities lending and borrowing (SLB) and other market-linked…
KPMG UK puts nearly 600 audit jobs at risk as cost pressure deepens; advisory cuts also hit
KPMG’s UK arm has told nearly 600 employees in its audit business that their roles are at risk, as the Big Four firm moves to cut costs in a tougher market.The proposed shake-up is expected to lead to up to 440 exits if the redundancy process goes ahead.The affected staff have been informed that they…
Airlines must offer 60% seats free from April 20, DGCA says amid row over seat selection charges
Passengers flying within India will be able to choose a larger share of seats without paying extra from April 20, after aviation regulator DGCA directed airlines to offer at least 60 per cent of seats on every flight free of charge.The move follows concerns over airlines charging steep fees for seat selection, with the civil…
Gold, silver outlook: Bullion markets brace for volatile week as Middle East tensions and Fed cues weigh
Precious metals are likely to remain in a corrective phase in the coming week, with investors expected to closely track developments in the Middle East and a packed calendar of global economic data for fresh cues.Analysts cited by news agency PTI said that speeches by US Federal Reserve Chair Jerome Powell on Monday, along with…
Middle East war, oil prices to steer markets in holiday-shortened week; rupee and FII flows in focus
Developments in the month-long war in Middle East, movements in crude oil prices and broader global cues are expected to remain the biggest triggers for Indian stock markets in the holiday-shortened week ahead.Analysts cited by news agency PTI said that investors will also closely track the rupee’s movement against the US dollar and the trading…
Check Your Target-Date Fund, Especially if You Plan to Retire Soon
Their simplicity makes the funds appealing, but they could leave many workers near retirement, particularly baby boomers, short on savings. Source link