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Mark Cuban has deleted his post defending his appearance at a White House event to announce the expansion of the TrumpRx platform. The former Shark Tank judge and outspoken Kamala Harris supporter appeared beside President Donald Trump during the rollout of TrumpRx.gov – an initiative aimed at lowering the cost of 600 generic prescription drugs….

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CEA Nageswaran says India facing ‘live balance of payments stress test’: What it means

India appears to be facing one of its toughest economic challenges in recent years. (AI image) India appears to be facing one of its toughest economic challenges in recent years. Oil, gold, fertiliser and other commodity prices are elevated. The foreign portfolio investors are continuing to sell. Imports remain unabated. Exports are facing headwinds. Remittances…

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Banks may have to disclose detailed capital, liquidity and risk data under Basel III norms

The Reserve Bank of India (RBI) on Tuesday proposed a revised disclosure framework under Basel III norms that would require banks to publish more detailed information on capital adequacy, leverage, liquidity and risk exposure, in a move aimed at strengthening transparency and market discipline, PTI reported.Under the proposed framework, banks would be required to make…

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Sebi proposes STP overhaul to cut costs and reduce concentration risks

With a decentralised Application Programming Interface (API)-based model aimed at reducing costs, lowering latency and improving service delivery for market participants, market regulator Sebi on Tuesday proposed a major overhaul of the existing Straight-Through Processing (STP) framework seeking to replace the current centralised hub-based structure, PTI reported.In a consultation paper, Sebi proposed removing the current…

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‘Need more sambandh’: Iceland PM draws attention to ‘purely Icelandic word’ with PM Modi on stage at Nordic conference

NEW DELHI: Iceland PM Kristrún Frostadóttir drew attention to the word “sambandh,” noting its linguistic and emotional resonance between India and Iceland. Speaking during the India-Nordic Summit on Tuesday, the remarks came in response to Prime Minister Narendra Modi’s use of the word where he highlighted that in several Nordic languages, the word had the…

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Standard Chartered to cut 7,800 jobs across India, China and other hubs as CEO Bill Winters says ‘it’s not cost cutting, it’s…’

Standard Chartered will eliminate roughly 7,800 jobs by 2030, around 15 per cent of its corporate functions, as the Asia-focused lender leans on AI to slim down its back office. The bank employs nearly 82,000 people worldwide, and more than 52,000 of them sit in the corporate functions being targeted.CEO Bill Winters, the UK’s longest-serving…

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Indian Assistant High Commission official found dead inside Chattogram mission premises in Bangladesh: Report

NEW DELHI: An official of the Indian High Commission in Chattogram was found dead inside the mission premises on Tuesday, according to a report by bdnews24.com.The deceased was identified as Narendra, 38, who was serving as an assistant protocol officer at the Indian mission. He hailed from Chandigarh in India. His body was recovered from…

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