The Reserve Bank of India (RBI) has issued a circular directing card issuers to offer their eligible customers the option to select from multiple card networks during card issuance or renewal. Additionally, the central bank has banned card issuers from entering into agreements that restrict them from availing services from other card networks. Addressing Concerns […]
Ken Griffin, the billionaire founder and CEO of Citadel, has made his largest charitable contribution yet in his new home state of Florida. A Generous Gift to Cancer Research Griffin announced a $50 million donation to the Sylvester Comprehensive Cancer Center, affiliated with the University of Miami’s medical school, aimed at advancing cancer research. The […]
Newly unsealed court records reveal an intricate corporate shell game orchestrated by one of the nation’s leading providers of healthcare to incarcerated individuals. The elaborate structure, designed to obfuscate ownership and accountability, has raised concerns about the siphoning of profits and the delivery of substandard healthcare. Uncovering the Shell Game The court records, unveiled as […]
Amazon’s founder, Jeff Bezos, has once again ascended to the position of the world’s richest person, surpassing Elon Musk with a staggering fortune of $200 billion. Bezos’ Wealth Reaches New Heights According to data from Bloomberg, Bezos’ wealth exceeded Musk’s by $2 billion as of Monday, marking the first time since the fall of 2021 […]
The Reserve Bank of India (RBI) has taken decisive action against JM Financial Products Ltd, prohibiting the company from offering any form of financing against shares and debentures with immediate effect. This includes the sanction and disbursal of loans against initial public offerings (IPOs). However, the company is allowed to continue servicing its existing loan […]
Veteran banker Uday Kotak emphasized the delicate balance between regulatory oversight and economic progress during a recent event in New Delhi. Kotak cautioned against excessive regulatory constraints, warning that they could hinder India’s journey towards becoming a developed nation. Speaking at a two-day event organized by the National Financial Reporting Authority (NFRA), he stressed the […]
In the midst of the 2008 financial crisis, as Lehman Brothers’ collapse reverberated across the globe, there was one individual who could legitimately claim to have foreseen the impending disaster. Brooksley Born, a remarkable regulator, had been sounding alarm bells about the financial system’s vulnerabilities long before the crisis hit. Her story not only highlights […]
The Delhi government, under the leadership of Finance Minister Atishi, unveiled its fiscal year 2024-25 budget in the state assembly, with a significant outlay of Rs 76,000 crore. Let’s delve into the key highlights of this budget and its proposed initiatives. Mukhyamamantri Mahila Samman Yojana One of the flagship schemes introduced in this budget is […]
The descendants of the Disney dynasty are uniting to defend the legacy of their grandfathers, Roy and Walt Disney, against activist investors eyeing the company’s future. Eight of the grandchildren have penned letters to shareholders, expressing their unwavering support for the current CEO, Bob Iger, and denouncing attempts to disrupt the Disney empire. A Family […]
Retiring early, often seen as a dream scenario, has gained traction through the FIRE (Financial Independence, Retire Early) movement. However, the experiences of individuals like Nupur Dave shed light on the complexities and challenges that accompany this lifestyle shift. The Story of Nupur Dave At the age of 40, Nupur Dave chose to retire early, […]
