Business

NPR Suspends Editor Whose Essay Criticized the Broadcaster
Business

NPR Suspends Editor Whose Essay Criticized the Broadcaster

NPR has suspended Uri Berliner, the senior business editor who broke ranks and published an essay arguing that the nonprofit radio network had allowed liberal bias to affect its coverage.Mr. Berliner was suspended by the network for five days, starting last Friday, for violating the network’s policy against doing work outside the organization without first getting permission.Mr. Berliner acknowledged his suspension in an interview with NPR on Monday, providing one of the network’s reporters with a copy of the written rebuke. In presenting the warning, NPR said that Mr. Berliner had failed to clear his work for outside outlets, adding that he would be fired if he violated the policy again.Mr. Berliner’s essay was published last week in The Free Press, a popular Substack publication.He decl...
IMF raises India’s economic growth projection to 6.8% from 6.5% in 2024 | Economy & Policy News
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IMF raises India’s economic growth projection to 6.8% from 6.5% in 2024 | Economy & Policy News

Inflationary pressures easing as global prices come down4 min read Last Updated : Apr 16 2024 | 6:52 PM IST The International Monetary Fund on Tuesday raised India's growth projection to 6.8 per cent from its January forecast of 6.5 per cent citing bullish domestic demand conditions and a rising working-age population. With this, India continues to be the fastest growing economy of the world, ahead of China's growth projection of 4.6 per cent during the same period. "Growth in India is projected to remain strong at 6.8 per cent in 2024 and 6.5 per cent in 2025, with the robustness reflecting continuing strength in domestic demand and a rising working-age population," said the latest edition of the World Economic Outlook released by the IMF ahead of the annual spring m...
Stock Market Holiday: Sensex, Nifty To Remain Closed on April 17 on Account of Ram Navami
Business

Stock Market Holiday: Sensex, Nifty To Remain Closed on April 17 on Account of Ram Navami

In the calendar year 2024, there will be 9 more holidays of BSE and NSE after the Ram Navami holiday (15 holidays in total this year).Equity, equity derivates, and SLB and currency segments will remain closed on April 17, WednesdayThe Indian equity markets, both BSE Sensex and NSE Nifty, will remain closed on Wednesday, April 17, on account of ‘Ram Navami’. According to the BSE’s website, equity, equity derivates, and SLB and currency segments will remain closed on Wednesday. The market will be opened on Thursday, April 18.The Multi Commodity Exchange (MCX) will remain closed on Wednesday.However, the commodity derivatives segment of the Sensex will be opened for trading on April 17 in the evening session at 5 pm.On Ram Navami, Indians celebrate the birthday of Lord Ram, and the devotees ...
What is a gift deed? Some simple points for easy understanding | Business
Business

What is a gift deed? Some simple points for easy understanding | Business

Gift deed: Want to give your loved ones a special gift? A gift deed in India can make sure the transfer is smooth and secure, whether it's a family heirloom or a valuable property. Here’s how you can make use of gift deeds to transfer your wealth: What's a gift deed?A gift deed is a document that officially records the transfer of an asset (like jewellery, a car, or even land) from you (the donor) to the recipient (the donee).It serves as concrete proof of your generous intentions and prevents potential misunderstandings down the line. Why use a gift deed?While not mandatory for all gifts, a gift deed offers several advantages:Clarity and security: The document removes any uncertainty about the transfer by clearly stating the gift details and the recipient's acceptance, minimising the cha...
Biden’s options for retaliating against Iran risk antagonizing China
Business

Biden’s options for retaliating against Iran risk antagonizing China

President Biden’s aides are preparing to hit Iran with economic sanctions over Tehran’s attack on Israel, but experts say they face limited meaningful options for doing so without antagonizing China or risking a spike in the price of oil.In retaliation for a strike against its consulate, Iran over the weekend sent more than 300 drones and missiles toward Israel. The unprecedented aerial barrage did not cause major damage or injuries, as U.S.-led forces intercepted most of the projectiles.Still, U.S. officials and their European allies are discussing potential economic responses to Iran, as leading Western officials converged Monday on Washington for the spring meetings of the International Monetary Fund and World Bank. Their options are limited because Iran is already one of the most heav...
Why Germany Can’t Break Up With China
Business

Why Germany Can’t Break Up With China

When Germany’s chancellor, Olaf Scholz, took office in 2021, he pledged that his government would shift his country’s relationship with China away from one of economic dependence. Three years later, talk of scaling back reliance on China has been replaced with calls for equal access to China’s market for foreign firms.That strategy puts the Germans at odds with many of their closest allies, including the United States and other European countries, which would like to see China scale back its recent surge of exports in the green energy sector, including electric vehicles. The U.S. Treasury secretary, Janet L. Yellen, has talked about imposing trade restrictions on China.The chief executives of several leading multinational companies based in Germany joined Mr. Scholz on his three-day tour ...
A Slimmer Goldman Sachs Posts Hefty Jump in Profit
Business

A Slimmer Goldman Sachs Posts Hefty Jump in Profit

Goldman’s share price rose 3 percent on Monday.Doesn’t a bank like Goldman always make lots of money? Err, no, not always.How have other banks fared?At the end of last week, some of Goldman’s competitors, including JPMorgan Chase and Wells Fargo, reported weaknesses in some parts of their businesses in the first quarter. Jamie Dimon, JPMorgan’s chief executive, warned of an “unsettling” global landscape, highlighting a cascade of pressures, including war, rising geopolitical tensions and inflation. He described financial markets as “too happy.”As Goldman has a relatively tiny consumer business — think bank branches — it may weather the uncertainty better than lenders with broader exposure to the economy. It may even do well; Goldman said Monday that it actually made more money from its cr...
Stock Market LIVE: Sensex slips 300 pts, Nifty holds 22,200; Infosys, IndusInd Bank weigh | News on Markets
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Stock Market LIVE: Sensex slips 300 pts, Nifty holds 22,200; Infosys, IndusInd Bank weigh | News on Markets

11:43 AMRBI to banks: Can't charge extra without mention in key fact statement The Reserve Bank of India (RBI) on Monday issued a directive that prohibits banks and other regulated entities from levying additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). The notification stipulates strict adherence to these guidelines for all new retail and MSME term loans sanctioned from October 1 onwards, including loans issued to existing customers. “Any fees, charges, etc., which are not mentioned in the KFS, cannot be charged by the REs to the borrower at any stage during the term of the loan, without explicit consent of the borrower,” the regulator said. Read more 11:22 AMSmall finance bank stocks are on an uptrend. Does the rally have more leg...