Finance | Common News Update

Apr122021 by adminNo Comments

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...

Apr112021 by adminNo Comments

Stock futures slip after Dow, S&P 500 hit fresh records

Finance

In this article@ND.1@SP.1@DJ.1A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Feb. 11, 2021.Bloomberg | Getty ImagesFutures contracts tied to the major U.S. stock indexes slipped at the start of the overnight session Sunday evening, suggesting Wall Street could see mild losses on Monday to curb last week's strength in U.S. equity markets.Dow futures lost 30 points around 6 p.m. in New York, while contracts tied to the S&P 500 shed 0.15%. Nasdaq 100 futures fell 0.1%.The movement in the futures market on Sunday followed yet another record close for the Dow Jones Industrial Average on Friday, when it gained nearly 300 points to end at 33,800.6. The S&P 500 gained 0.8% and hit its third straight record close.Stocks ...

Apr112021 by adminNo Comments

CRMNEXT Wins the 2021 “Dream Company to Work For” Award Presented by Times Ascent and the World HRD Congress

Finance

CRMNEXT has been recognized as the 'Dream Company to work for' and the Best IT Employer in Platform as a Service (PaaS) category by the Times Ascent at World HRD Congress 2021. CRMNEXT is a leading global banking and insurance digital transformation and customer experience platform. It has to its credit the largest banking CRM implementation globally with over a million bankers and a billion customers managed on its platform. The award is a testament to CRMNEXT's exceptional working environment that empowers employees to push their boundaries with a holistic care and work enablement ecosystem, innovative technology stack and continuous learning model to meet the evolving needs of its customers. Times Ascent World HRD Congress is the largest HR event in the world, with over 1800 profession...

Apr102021 by adminNo Comments

SEC is scrutinizing SPAC projections, seeks clearer disclosures

Finance

Saul Loeb | AFP | Getty ImagesThe SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them in.Special purpose acquisition companies, known as SPACs or blank-check funds, are a hot-ticket item on Wall Street.More from Personal Finance:There are snags in free COBRA health insuranceMarriage sometimes means paying more in taxesNew York is raising taxes for millionaires. Will others follow?The investments are like quasi-IPOs. A publicly traded shell company uses investor money to buy or merge with a private company, typically within two years. In so doing, the private company becomes publicly traded, offering an alternative to a traditional IPO.SPAC ...

Apr102021 by adminNo Comments

Stocks making the biggest moves midday: Levi Strauss, FuboTV, Honeywell and more

Finance

A man wears Levis Strauss & Co. clothing during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019.Jeenah Moon | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Levi Strauss – Shares of the retailer jumped 2.6% after the company beat top- and bottom-line estimates during the first quarter. Levi's earned 34 cents per share on an adjusted basis, while reporting $ 1.31 billion in revenue. Analysts surveyed by Refinitiv were expecting the company to earn 25 cents on $ 1.25 billion in revenue. The results were boosted by strength in Levi's digital sales, which jumped 41%.FuboTV – The streaming service jumped 12.6% after FuboTV won the exclusive streaming rights to the qualifyin...