The Securities and Exchange Board of India (SEBI) has proposed a new framework to standardise the process of opening mutual fund folios and executing first-time investments, aiming to ensure that folios are created only after complete Know Your Client (KYC) verification.
The move is intended to plug gaps in the current system,
BRUSSELS (AP) — The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump’s new punitive measures the previous day against the Russian oil industry. Russian President Vladimir Putin called Washington’s move an “unfriendly act” that could backfire by spiking global oil prices.
The American and European sanctions are intended as part of a broadened effort to choke off the revenue and supplies that fuel Moscow’s invasion of Ukraine,
“The shutdown is stifling our ability to grow,” said Grant Richardson, who founded a wine import company, Pangea Selections, in 2019.
Richardson can’t close on a six-figure Small Business Administration loan while the federal government is shut down, but the impasse hasn’t given him a break on the roughly $20,000 in tariffs that he expects to fork over this month.
» Read more about: The government shutdown’s impact is spreading through the economy »
» Read more about: US government shutdown will inflict temporary pain to economy »
The closely followed growth investor still loves Bitcoin.
Cathie Wood is one of the market’s most closely followed investors. Wood, whose net worth exceeds $200 million, is the founder of Ark Invest — an investment firm that manages several growth-oriented exchange-traded funds (ETFs).
Ark’s investment strategy is divisive because it often chases high-growth stocks regardless of their valuations.
Floating rates move up or down with market conditions, usually linked to a benchmark like the repo rate.
Buying a home is a big milestone — and the loan you take for it can stick around for decades. The type of interest rate borrowers pick in the beginning can make a huge difference later.
» Read more about: Picking the wrong home loan rate can cost you more than you think »
Social Security is vital for retirement, yet many don’t know how their benefit is calculated. For those wondering how much they can expect from their monthly check,
» Read more about: Here’s How Social Security Decides the Size of Your Check »
CANADA – 2025/04/23: In this photo illustration, the QCI (Quantum Computing) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
Quantum Computing Inc. (NASDAQ: QUBT),
» Read more about: Why QUBT Stock Is A Bad Buy: Complete Analysis »
Justin Hotard became Nokia’s president and CEO in April.
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive cost-cutting measures that helped the chipmaker surpass quarterly profit estimates and regain stability amid a flurry of high-stakes bets on future growth.
The results mark a turning point for Intel, which has struggled to maintain relevance in the face of fierce competition and manufacturing setbacks.
» Read more about: Intel shares jump as investments, cost cuts catapult turnaround efforts »