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Michael Bloomberg was being fired from Salomon Brothers. Image credit – Wikimedia Facing a sudden career exit can lead to mental frustration and whatnot. However, the story was completely different for businessman and politician Michael Bloomberg. In 1981, he faced a low point in his life that became a turning point in his career. As…
Jane Street Group’s journey to the top of Wall Street has been a lucrative ride for its workforce. The firm doled out $9.38 billion in compensation last year — more than double the amount in 2024 — as the market maker vaulted past its biggest Wall Street rivals, according to people familiar with the matter…
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
Cash Warren has officially requested to finalize his divorce from Jessica Alba, nearly two years after their separation. The couple has agreed to no spousal support and will share joint custody of their three children. Warren will receive a $3 million payout for shared assets, with half paid now and the remainder in a year….
Software major Infosys on Friday announced an average organisation-wise performance bonus payout of 85% for the quarter ended December (Q3FY2025-26), with a large section of employees receiving higher variable pay, ET reported.Employees will receive the bonus along with their February salary, the company said in an email to staff.The higher payout follows a quarter marked…
West Bengal CM Mamata Banerjee KOLKATA: A new welfare scheme called ‘Banglar Yuba-Sathi’ for Bengal’s unemployed youth and a 50% hike in the payout to ‘Lakshmir Bhandar’ beneficiaries headlined the Mamata Banerjee govt’s last budget — a vote-on-account — before the state goes to polls later this year.Finance minister Chandrima Bhattacharya on Thursday had some…
Shiv Sena UBT president Uddhav Thackeray and his cousin, MNS chief Raj Thackeray, held their first rally for the BMC polls on Sunday at the historic Shivaji Park ground, where Shiv Sena was founded. NAGPUR: Maharashtra govt’s decision to credit Mukhyamantri-Majhi Ladki Bahin Yojana instalments for Dec 2025 and Jan 2026 to beneficiaries’ accounts on…
NEW DELHI: Offering a lifeline to struggling debt-laden Vodafone Idea, govt has capped annual payouts to clear past dues at Rs 124 crore over the next six years, easing near-term cash flows, the company said on Friday.Between March 2032 and March 2035, the yearly outgo will be trimmed to Rs 100 crore, Vodafone Idea said…
MUMBAI: The Reserve Bank of India (RBI) has invited public comments on the draft “Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”, proposing a revised framework for declaration of dividends and remittance of profits by banks.The central bank said it had undertaken a review of the existing guidelines on…
MUMBAI: RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In the previous financial year, banks paid over Rs 75,000 crore dividend after booking record profits.Under RBI’s draft rules, dividend payments by banks will be…
