Beyond Financial News

corruption cases, probity watchdog CVC has suggested «delayering» by limiting the levels of processing and speeding up decision making. The Central Vigilance Commission (CVC) has issued guidelines from time to time, prescribing the time limit for completion of different stages of actions in vigilance related matters. «It has been observed that there are occasions when action in vigilance matters has been unduly delayed. One of the reasons for such delay has been found to be that the levels of examination/processing of vigilance matters are more than the required levels. The levels of processing of vigilance matters in different organisations also lacks uniformity,» the CVC said in an order. It said that in order to avoid delay in vigilance matters, the organisations concerned should review the levels of processing of such matters and should bring down the levels to a maximum of four.

artificial intelligence (GenAI) projects are expected to go live this year, helping clients drive greater value from the technology, Harrick Vin, chief technology officer, Tata Consultancy Services (TCS), told ET. “We are currently engaged in over 250 different projects in various categories, but they are all mainly in assist and augment categories,” said Vin, who took over the role in July.

Kotak Mutual Fund will restrict flows into its small-cap scheme from March 4, joining the likes of Nippon and Tata in limiting investments into this product category as elevated share valuations have made it challenging for fund managers to handle continuous flows. The fund house said in a notice that fresh subscriptions through lumpsums will be restricted for each investor to ₹2 lakh per month. Investments through systematic investment plans (SIPs) into this product also will be capped at ₹25,000 for each investor per month. «Few stocks in the small- and mid-cap segment have multiplied, and strong momentum is taking them beyond the fair value of businesses,» said Kotak in a letter to investors. «We believe our funds are positioned defensively, emphasising the quality of businesses. However, given the market background, we see it prudent to limit the inflows in our Small Cap Fund at this juncture.» Kotak Mutual said it will review this decision in the second quarter (April-June) of this calendar year if more investing opportunities arise or valuations become more palatable.

Wendy’s plans to experiment with a surge-pricing system similar to Uber's, wherein prices will vary during the day depending on demand. This implies that the cost of a Dave’s burger might increase during peak lunch hours, as per a report. Under Wendy’s new dynamic pricing strategy, the beloved Dave’s Single burger may see a surge of up to $1 during peak lunch hours, only to revert to its original price afterward, New York Post reported.

Sevens Market Research believes any «bad» news in the current environment could cause a 10% drop in this market. The firm explained its view in its latest Sevens Report note on Monday.

₹16 trillion in their investments in mutual funds and ₹20 trillion from direct equity investments. The combined value of their investments in mutual funds and equity is now placed at over ₹67 trillion. Another equally remarkable transformation has been the emergence and now dominance of derivatives trading.

put it among a rarefied list of American businesses, after it posted its second straight record annual profit. The 93-year-old investing legend assured shareholders that the investment conglomerate, which is now the biggest financial firm by market capitalization, was 'built to last'.

Paytm, announced on Monday that founder Vijay Shekhar Sharma has resigned from the board of Paytm Payments Bank. “The Company has been separately informed that Vijay Shekhar Sharma has also resigned from the Board of Paytm Payments Bank to enable this transition.

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Stock markets have room to extend gains beyond record highs if the economic outlook remains upbeat and investors pour money into recent laggards, according to Goldman Sachs Group Inc. strategists.

The age-old link between progressing up the career ladder and gaining a larger salary may be losing appeal, according to new research.

European stocks and US equity futures posted small moves as investors geared up for a busy week of data, including the Federal Reserve’s preferred measure of inflation.

Parcl, a Solana-based exchange specializing in real estate index trading, has announced a PRCL token airdrop for early adopters.

Smriti Irani said on Monday and questioned the Congress' silence on alleged sexual abuse of women by TMC supporters in the village. Congress people want to go there and talk but the «shehzada», who is still lost in the maze of politics, has not said a word on this matter, the Women and Child Development minister said in an apparent reference to senior party leader Rahul Gandhi. Sandeshkhali in West Bengal's North 24 Parganas district has been on the boil for a month with protests against local TMC leader Sheikh Shajahan and his supporters over allegations of land grabbing and sexually abusing local women. Sheikh has been absconding since an Enforcement Directorate team that raided his house in connection with an alleged ration scam was attacked by a mob last month.

(Reuters) — Berkshire Hathaway (NYSE:BRKa) class B shares gained 5% before the bell on Monday after the $900-billion conglomerate posted its second straight record annual profit and its chairman Warren Buffett reassured investors that it was 'built to last'.

By Patricia Zengerle

connectivity, staying in touch while traveling is most important for both personal and business needs. The use of international SIM cards has become a popular solution, offering a versatile way to communicate without the burden of exorbitant roaming charges. International SIM cards serve as a bridge to worldwide networks, expanding the reach of your smartphone beyond local boundaries. Unlike local SIM cards tied to specific geographic locations, international SIM cards operate globally, providing flexibility for diverse travel destinations.

Investing.com-- Gold prices retreated in Asian trade on Monday, remaining well within a recent trading range as anxiety over higher-for-longer U.S. rates grew in anticipation of key economic readings. 

Bihar Sakshamta Pariksha 2024: The first Sakshamta Pariksha or Competency examination is beginning from today, February 26 which is being conducted by the Bihar School Education Board (BSEB) is holding . These exams for teachers will wrap up by March 6.

entrepreneur, you are either leading a team as a manager, or are accountable for some project or task where you require different people to work together for a successful delivery. A mental model is a summary or compressed version of how a thing works. Let’s consider how you can apply some of these models as a team leader. Occam’s razor The 14th century logician, William of Ockham, said, ‘Entities must not be multiplied beyond necessity.’ In other words, the simplest explanation or solution is usually the best one. As a team leader, your team brings to you tough problems, while time is usually your biggest constraint. Prioritise simplicity in approach. Encourage your team to use Occam’s razor to slice away layers of unnecessary complexity and to prefer simple hypotheses over complex ones. Investigate and implement work processes to reduce number of steps, training time and complicated decision-making. This will reduce errors and increase efficiency.

By David Stanway