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RBI likely to maintain status quo on benchmark interest rate: Experts

CFO News

Experts predict that the Reserve Bank of India (RBI) will maintain the current benchmark interest rate at its bi-monthly monetary policy review due to elevated inflation and global factors. The RBI's mandate is to ensure that retail inflation remains at 4% with a margin of 2% on either side.

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Reliance Retail crosses a billion transaction benchmark in FY23, to ramp up FMCG business

CFO News

Reliance Retail has crossed the milestone of a billion transactions in FY23 and its registered customer base reached 249 million, said the latest annual report of Reliance Industries. In FY23, Reliance Retail's digital commerce and new commerce businesses contributed to 18 per cent of its revenue, which stood at Rs 2.60 lakh crore.

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China lowers new benchmark lending rate to boost economy

Future CFO

China lowered its new benchmark lending rate on Wednesday, in an attempt to give a boost to the slowing economy and reduce funding costs. This wasn’t the first time that the one-year LPR was lowered—it has been lowered thrice since it became the official lending benchmark in August. The PBOC injected a net 80 billion yuan ($25.68

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NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy

PYMNTS

A higher number of consumers in global markets are making more retail purchases digitally as well. One recent study found that 4.5 million U.K. consumers are now using bank accounts that are digital-only, for example.

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Merchants And The Big Retail Reset

PYMNTS

McNicoll said the quick gains aren’t surprising, as physical retail stores essentially closed down worldwide for months. We have nothing to benchmark it against. By contrast, it took a decade for it to hit 16 percent from less than 6 percent 10 years ago.

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NRF, RILA Debut Blueprint For Reopening Retail

PYMNTS

In a plan that frames a phased-in approach to opening retail again, the National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA) debuted a Blueprint for Shopping Safe. And the third phase is to “establish protection, then lift all restrictions” per the announcement. Macy’s Inc. and TGI Fridays Inc.

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A Short History of Stocks

Barry Ritholtz

Whatever gains they had over the benchmark were soon consumed by their relatively high costs. Fidelity’s Peter Lynch was a rock-star stock picker and crushed all benchmarks over the next dozen or so years. More to come later… Previously : Where Has the Retail Investor Gone? Lots of other active managers did well.