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By David Enna, Tipswatch.com The U.S. Treasury on Thursday will auction $18 billion of a reopened 10-year Treasury Inflation-Protected Security, CUSIP 91282CML2. The result will be a 9-year, 8-month TIPS with an already-set coupon rate of 2.125%.
Let’s wrap up commencement season with one of the best of all time — remarks by Naval Adm. William H. McRaven, BJ ’77, ninth commander of U.S. Special Operations Command, Texas Exes Life Member, and Distinguished Alumnus. University-Wide Commencement The University of Texas at Austin, May 17, 2014. ( You Tube ) The post Admiral McRaven: 2014 Commencement Address appeared first on The Big Picture.
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When Pelotons stock debuted in2019, CFO JillWoodworth believed the playbook was airtight. She had shifted fiscal calendars, resegmented reporting and shaped statements that tell a story, she tells us. Then COVID hit. Orders flew ninefold overnight, marketing was switched off, and customer focus narrowed to a single metric: getting bikes from order to doorstep.
A proposed 5% US tax on remittances from non-citizens is alarming India, potentially impacting households and the rupee. With India receiving $120 billion in remittances in 2023-24, a significant portion from the US, the tax could cause a $12-18 billion annual shortfall and weaken the rupee, affecting states reliant on these funds.
A proposed 5% US tax on remittances from non-citizens is alarming India, potentially impacting households and the rupee. With India receiving $120 billion in remittances in 2023-24, a significant portion from the US, the tax could cause a $12-18 billion annual shortfall and weaken the rupee, affecting states reliant on these funds.
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Global corporations, including Microsoft, Amazon, Panasonic, PwC, CrowdStrike, and Burberry, are implementing significant job cuts affecting thousands. Driven by structural overhauls, cost-cutting, and a focus on profitability, these layoffs signal an industry-wide shift towards leaner operations.
The company aims to achieve these savings through operational efficiencies, supply chain optimization, and fixed cost reductions in India, the UK, and the Netherlands, while also investing in green steel initiatives and capacity expansion.
India's apparel and home textile trade with the UK is poised for substantial growth, potentially doubling in the next five to six years, fueled by the recently finalized Free Trade Agreement. The FTA, expected to take effect in 2026, will eliminate tariffs on most Indian textile exports, leveling the playing field with competitors and driving investment in production capacity.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
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Indian venture capital funds are increasingly leveraging artificial intelligence to automate tasks, significantly accelerating workflows and boosting productivity. Generative AI platforms like ChatGPT and Claude are being used for deep research, preliminary analysis, and portfolio management. While AI enhances efficiency, experts believe it complements rather than replaces human analysts in the venture capital process.
Union Bank of India's report indicates India's trade outlook faces uncertainty due to potential US reciprocal tariffs, projecting a wider current account deficit of 1.2% of GDP in FY26. April 2025 saw a significant widening of the merchandise trade deficit, driven by increased imports and a surge in the non-oil non-gold trade deficit, despite a strong services trade surplus.
Cement companies experienced volume growth in Q4 FY25, anticipating improved performance in FY26 due to infrastructure spending and rural recovery. Despite lower sales realization, enhanced capacity utilization and cheaper input costs boosted volumes for major players like UltraTech and Ambuja Cements. While some firms reported profit declines, the industry remains optimistic about future demand, tempered by geopolitical and trade concerns.
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Economists predict India's Q4 FY25 GDP growth at 6.8%, fueled by strong agricultural output and rural demand, although slightly below RBI's forecast. Inventory stocking ahead of potential US tariffs also contributed. While rural consumption recovers, urban demand remains tepid due to slow wage growth and reduced savings, hindering a full-blown economic recovery.
Shikha Gupta, approved as Sebi's executive director during Madhabi Puri Buch's tenure, has declined the role after initially accepting it. This rare decision prompts Sebi to restart the search process. Gupta's appointment was previously contentious due to her HUL association, where Buch's spouse held a senior position, and questions were raised about her capital market policy expertise.
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Due to global uncertainties and trade problems, the Reserve Bank of India lowered the repo rate by 0.25% to 6% to encourage more lending. The IMF also lowered Indias growth forecast for 202526 from 6.5% to 6.2% because of these challenges. Keeping these factors in mind, ET BFSI brings you key macroeconomic indicators to stay updated on Indias growth outlook.
Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent 28,500 crore fundraising backed by Sterling's Tata Sons stake.
Internationally, we are present in 15 countries - US, UK, France, Belgium, Singapore, Japan, New Zealand and Africa, and so on. The GDP in these countries is much less compared with India. When India's GDP is growing at a faster pace, my domestic book will always grow faster, says Rajneesh Karnatak, managing director and chief executive of Bank of India.
Electronic Component Manufacturing Scheme: Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players.
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India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the tariff front than are some of these other markets. And I agree with Rajat in terms of the domestic drivers to the economy looks pretty good.
Union Bank of India's report indicates India's trade outlook faces uncertainty due to potential US reciprocal tariffs, projecting a wider current account deficit of 1.2% of GDP in FY26. April 2025 saw a significant widening of the merchandise trade deficit, driven by increased imports and a surge in the non-oil non-gold trade deficit, despite a strong services trade surplus.
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