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FCNR(B) interest bill to keep dollar hedging costs high
As a multibillion-dollar FCNR(B) interest bill escalates, Indian banks grapple with increased dollar hedging expenses. Recently, the Reserve Bank of India mandated new reserve prerequisites for forex derivatives, compounding the challenges for banks that must secure cash reserves against these contracts. A significant number of Indian banks are currently without a robust hedging strategy, frequently depending on short-term contracts.
Social Security benefits cut: One move can prevent beneficiaries losing out 22 per cent, here are details
US lawmakers will need to ensure that Social Security benefits and the annual cost-of-living adjustment (CoLA) should not be curtailed.
Eyewear regulation Bill may come up in Parliament's winter session; MP Gopchade seeks national vision-care board
Rajya Sabha member Ajeet Gopchade has proposed a private member's Bill for regulating eyewear products and vision-care services. He has urged the Prime Minister to direct the Ministry of Health and Family Welfare to assess creating a National Optical/Vision Care Board. The proposal aims to ensure consumer protection and quality standards in vision-care. The existing Medical Devices Rules, 2017, may need strengthening for better oversight.
Bluegrass legend Bill Clifton dies at 95: What we know about his cause of death and musical legacy
Bill Clifton, a legendary figure in bluegrass music, passed away on October 30 at the remarkable age of 95. His contributions included nearly three decades of album releases and the inception of bluegrass festivals since 1961. Clifton played a pivotal role in bringing bluegrass to international audiences in England and the Philippines. His unwavering commitment to folk traditions will resonate with countless generations to come.
Google, Meta, TikTok sue to block California youth social media law
The law, known as Assembly Bill 1709, prohibits such platforms from offering underage children "psychologically exploitative features" that could lead to compulsive use, such as providing personal recommendations and sending videos through autoplay features. It also requires the deletion of children's accounts with those features.
Warren Buffett’s retirement income strategy: How a 90/10 rule could help a 65-year-old turn $600,000 into monthly income
For a 65-year-old with a traditional IRA of $600,000, adopting Warren Buffett’s 90/10 investment strategy is a practical choice. This approach allows for a balanced monthly withdrawal that integrates Social Security and IRA funds. By allocating 90% to S&P 500 index funds and 10% to Treasury bills, one can ensure withdrawal stability.
Bill Clinton predicted Abdul El-Sayed could enter politics in 2007, but he laughed it off. 20 years later, he makes history as first Muslim US Senator
Abdul El-Sayed once laughed off former US President Bill Clinton's suggestion that he could run for public office, telling him, “I don’t know if you saw my name. It’s not going to work out for me.” Nearly 20 years later, the son of Egyptian immigrants has made history by becoming the first Muslim elected to the US Senate after defeating Republican Mike Rogers in Michigan.
Democrats vow bill to end Iran war after midterm sweep
Democrats are preparing to end the US military involvement in Iran and address rising tariffs. They aim to restore Affordable Care Act tax credits and lower costs of living for Americans. The new Congress will initiate investigations into the Trump administration, utilizing enhanced oversight powers. Both parties are aware of the impact of the midterm election results on future policies.
Trump blames Fox News for Republican losses, blasts network for putting ‘Worst Mayor’ Bill de Blasio on air
President Donald Trump voiced his frustration with Fox News after the network aired Bill de Blasio's remarks about the mid-term elections. He claimed that such coverage is harming Fox's already dwindling viewership, which plummeted by 27% in October. Trump believes that the Republican party's prospects could have been brighter with his presence on the ballot, exposing the growing discord between him and his past media ally.
SC to decide forum for Google billing disputes
Questioning the app developers on whether their contracts with Google allowed them to opt out of its payment system and engage other payment service providers, a bench comprising Justices PS Narasimha and Alok Aradhe said that the commission, being a market regulator, ensured that goods and services were distributed effectively without exploitation. But for contracts where there was a promise and agreement in existence, its enforcement could be sought in a civil court only, it said.
Bank CD rates surge above 8% amid liquidity squeeze, rising T-Bill yields
Public-sector banks have recently increased one-year certificate of deposit rates beyond 8%, influenced by stricter liquidity and high treasury-bill yields. The reduction in banking liquidity has led to a noticeable rise in CD issuances lately. Observers predict further policy rate hikes to address inflation effectively, signaling that the current rates may not yet reflect their maximum potential amidst ongoing market fluctuations.
Faith-based groups get only 6 pc of foreign contributions received in India: FCRA JPC chief
The Joint Parliamentary Committee is currently reviewing the implications of the Foreign Contribution Regulation Act Amendment Bill. Notably, churches only receive a mere six percent of total foreign donations, while NGOs dominate the majority. Opposition groups express concerns over the bill's potential adverse effects on minority organizations and social initiatives.
Over 30 billionaires have one trait in common: Indian American entrepreneur who once taught Bill Gates tennis shares the one habit Microsoft co-founder shares with ultra-successful people
Sharran Srivatsaa, the CEO of Acquisition.com, once taught Bill Gates tennis. During their interactions, Sharran was taken aback by how curious the billionaire was and how frequently he asked questions. In a recent interview, the entrepreneur said that many extremely successful people have one trait in common - being curious.
America's power bills are soaring. Utilities are now facing an election-year reckoning
Electricity prices are increasingly affecting midterm election campaigns as utility bills rise significantly for consumers. Politicians are proposing measures to curb utility rate increases and reduce profits for power companies. Notably, several gubernatorial candidates pledge to address energy affordability and utility practices if elected. The political climate indicates that utilities may face increased scrutiny and regulatory changes post-election. The long-term effects of these political moves on utility investments remain uncertain.
NFL coach Bill Belichick's 25-year-old ex-girlfriend Jordon Hudson has an $8 million real estate portfolio, including three multifamily properties in Boston
Bill Belichick, the head coach of North Carolina football, and Jordon Hudson have reportedly broken up. Despite their split, they continue to maintain a friendship and their business partnership. Hudson has also developed an impressive real estate portfolio worth $8 million since their relationship began. She purchased multiple properties in the Boston area, besides a cottage in Massachussets.
Jordon Hudson remains COO at Bill Belichick’s company despite breaking up a year ago: Here’s a look into the criticised business partnership they reportedly continue to maintain
Bill Belichick, the head coach of North Carolina, and his ex-girlfriend Jordan Hudson remain friends after their split. Hudson, the founder and CEO of Trouble Club Enterprises, continues to work in media management. She also serves as the chief operating officer at Belichick Productions since August 2023. Both continue to collaborate on various business ventures despite their personal separation.
‘Jordon Hudson’s new boyfriend is Lee Corso’: Fans mock Bill Belichick’s Gen Z girlfriend after breakup, as she is reportedly ‘seeing other people’
Jordon Hudson and Bill Belichick reportedly ended their relationship in late 2025, according to reports. Following their breakup, Hudson's relationship status has become uncertain but fans are speculating about her new boyfriend. Some social media users have humorously suggested that her new companion could be football legend Lee Corso. Despite their breakup, Hudson and Belichick maintain a professional connection and remain friends.
Bill Belichick, 74, and his 25-year-old girlfriend Jordon Hudson break up, as a third person apparently enters the picture
Jordon Hudson and Bill Belichick have parted ways after their engagement ended late last year. However, they are committed to keeping their business dealings intact while nurturing their friendship. Jordon has been seen venturing into new relationships lately, though her current romantic status is somewhat ambiguous. Despite swirling rumors, Belichick has shown unwavering support for Hudson's efforts in managing his brand during this significant transition in their lives.
PNB credit card changes from November 1, 2026: Bank to revise Visa, RuPay card charges for ATM withdrawals, late payment fees, utility bill payments and more
Punjab National Bank will implement revised charges for credit card services on November 1, 2026. Changes will include increased fees for cash withdrawals and late payment charges for different outstanding amounts. Additionally, duplicate statement requests will incur a fee after three months, and reward point redemptions will now cost Rs 99. Utility bill payments exceeding Rs 50,000 will also attract a new fee of 1%.
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