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RTGS facility will not be available for 14 hours on Sunday: RBI

RTGS facility will not be available for 14 hours on Sunday: RBI

Finance
The RTGS facility will not be available on Sunday, April 18, for 14 hours from 00:00 hrs to 14.00 hrs, the Reserve Bank of India (RBI) informed via a press release. "A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021. Accordingly, RTGS service will not be available from 00:00 hrs to 14.00 hrs on Sunday, April 18, 2021. The NEFT system will continue to be operational as usual during this period," the RBI release stated. Member banks may inform their customers to plan their payment operations accordingly, RTGS members will continue to receive event update(s) through system broadcasts, added RBI. Let's block ads! (Why?) Personal Finance News-Wealth-Ec...
Covid: Brazil has more than 4,000 deaths in 24 hours for first time

Covid: Brazil has more than 4,000 deaths in 24 hours for first time

World
EPABrazil has recorded more than 4,000 Covid-related deaths in 24 hours for the first time, as a more contagious variant fuels a surge in cases.Hospitals are overcrowded, with people dying as they wait for treatment in some cities, and the health system is on the brink of collapse in many areas. The country's total death toll is now almost 337,000, second only to the US.But President Jair Bolsonaro continues to oppose any lockdown measures to curb the outbreak.He argues that the damage to the economy would be worse than the effects of the virus itself, and has tried to reverse some of the restrictions imposed by local authorities in the courts. Covid vaccines: How fast is worldwide progress?What is the Brazil variant and do vaccines work against it?Political crisis and Covid surge rock Bra...

Banks stocks rise after hours as Fed sets date to lift buyback, dividend restrictions

Finance
In this articleJPMCWFCKBEGSFederal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020.Susan Walsh | ReutersBank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan for lifting restrictions on dividends and buybacks from financial companies.Shares of JPMorgan Chase rose 1%, while those for Citigroup and Wells Fargo each added 0.7%. Goldman Sachs climbed 0.5%.The Fed said it would keep its pandemic-era restrictions on banks in place until June 30. The Fed had previously said that banks could restart their buybacks and dividend hikes in the first quarter, so Thursday's announcement is a delay but does provide more clarity for investo...
‘I was working 72 hours a week – it was cult-like’

‘I was working 72 hours a week – it was cult-like’

Business
Gemma ChambersNinety-five-hour work weeks, five hours' sleep a night and an ultimatum. After a group of young Goldman Sachs analysts warned they would leave the firm unless things changed, the boss said it was "great" they had voiced their concerns.When we first reported the story, dozens of you got in touch to talk working hours and how work-life balance has shifted during the pandemic.Here, four people explain what a week in their jobs looks like.'My last job felt cult-like'Gemma Chambers recently left a job where she was expected to work seven days a weekThe 22-year-old joined a Sheffield firm last October in what she thought would be a digital marketing job. On arrival, she and the other newly-employed graduates were asked to cold call and go door-to-door on behalf of charities the fir...

Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours

Finance
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China's coronavirus disease (COVID-19) outbreak, March 30, 2020.Aly Song | ReutersShares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of Tesla joining the S&P 500. The stock will be added to the benchmark index ahead of Monday's opening bell, based on prices from Friday's close.Amid the heightened volume, Tesla shares rose 5.96% on Friday to close at a record high of $ 695 after swinging between gains and losses during the final hour of trading. During after hours trading the stock slid about 3%.Heightened activity continued after hours, and by 4:45 p.m. ET more than 200 million shares had exchang...