Employment data for August revealed significant weakening in US job market conditions, with unemployment climbing to 4.3%, marking a nearly four-year peak. This development strengthens expectations for a Federal Reserve interest rate reduction this month, according to Reuters.The Friday employment report further disclosed June’s first job losses in four and a half years, raising concerns…
MUMBAI: Bank of Baroda has classified Reliance Communications (RCom) and former non-executive director Anil Ambani’s loan accounts as ‘fraud’, adding to similar actions by SBI and Bank of India. The move, disclosed by RCom to the BSE and NSE on Sept 4, followed a forensic audit by BDO India LLP that flagged large-scale irregularities. The…
With India’s elderly population projected to reach 21 per cent by 2050, there is growing urgency for a robust retirement savings framework. UN data from 2023 shows that while 43 per cent of Indians were under 25, only 11 per cent were above 60, hinting at the demographic shift ahead. To address this challenge, the…
Losing your travel document while overseas can be a hassle, but the process of getting a replacement and getting yourself home is simple once you know what to do. Source link
The Finance Ministry has launched a single-use, unidirectional switch option for central government employees who opted for the Unified Pension Scheme (UPS) to return to the National Pension System (NPS). The move gives staff and eligible retirees more clarity on their pension choices as the September 30, 2025 deadline approaches.Strict rules for switchingAccording to the…
Tesla’s C.E.O. could become the world’s first trillionaire — if he can get the carmaker to hit some lofty performance hurdles. Source link
NEW DELHI: Food delivery, quick service restaurants, as well as quick commerce (QC) players are set for a fresh bite of growth, with the recent GST reforms, a rise in discretionary spending, and an upswing in consumer confidence, say industry experts.Over the past few quarters, food delivery had lost momentum due to a weak sentiment…
A new law in Hong Kong could pave the way for digital currencies tied to China. Source link
MUMBAI: The rupee bucked the trend among Asian peers on Friday, slipping to a record low even as most emerging market currencies strengthened against the dollar. It closed at 88.27 after touching an intra-day low of 88.36, weaker than Thursday’s close of 88.15.The fall came amid concerns over US tariffs, while intervention by Reserve Bank…
For the vast majority of people, the stream of promised retirement checks is worth more than anything else, our columnist says. Source link
