Managing data – The Economic Times

India’s consumer stocks, long prized for steady earnings, strong brands and defensive appeal, have turned into some of the market’s biggest laggards this year, wiping out nearly Rs 4 lakh crore in investor wealth despite signs of improving demand. A basket of major FMCG and consumer names has lost about Rs 3.75 lakh crore in…

Shares of Jio Financial Services gained over 3% to Rs 263 on the BSE on Thursday after the company announced that Bank of America will acquire a 49.9% stake in Jio Credit, a wholly owned non-bank lending arm of the company, in a Rs 18,268 crore joint venture deal. Under the transaction, the American banking…

Dearness Allowance (DA) is a percentage of employees’ and pensioners’ basic salaries that aims to mitigate the impact of rising living costs for central government employees and retired pensioners, providing a buffer against inflationary pressures. Updated biannually using data from the All-India Consumer Price Index (AICPI), new announcements are made in March and October, with…

Philadelphia Federal Reserve President Anna Paulson said on Thursday that further interest-rate increases may be necessary to return inflation to the central bank’s 2% target, according to Reuters. Inflation “remains stubbornly elevated,” Paulson said in remarks at a regional Fed bank event. “Returning inflation to 2% is a top priority, and I will support the…

A widow of a Bank of Maharashtra employee received her husband’s provident fund and gratuity after his death. Years later, she sought family pension under a one-time pension scheme introduced by the bank, but the Delhi High Court rejected her claim, holding that she had failed to exercise the option within the prescribed deadline and…