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U.S. automobile safety regulators are closing their preliminary investigation into General Motors’ Cruise robotaxis without taking further action

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Subscribe to enjoy similar stories. TOKYO—Bank of Japan Gov. Kazuo Ueda repeated his pledge to discuss an interest-rate increase next week, echoing recent comments that have revived market expectations for imminent policy action.

Abheek Barua, Independent Economist, says the issue lies with mass consumption, which doesn't just involve the very poor but mainly affects the lower middle class. Particularly, when income rises from Rs 15 lakh to over Rs 15 lakh, there is a significant increase in the tax rate. This is a point that could catch the finance minister's eye. Whether it's a small adjustment or a direct tax cut, it serves as a crucial fiscal measure to counter economic downturns. Barua anticipates some action in this area. Consumption has taken a hit over the last few years. What are your expectations with respect to income tax tweaks that could come in in the Budget? Do you expect some relief? Sources, in fact, are telling us that perhaps some tweaks for lower income class could come in. Do you expect that, especially with the objective of boosting mass consumption? Abheek Barua: I think you are spot on. The problem is with mass consumption and mass consumption does not refer to the absolute bottom of the pyramid, but really to the lower tiers of the middle class and especially when you move from Rs 15 lakh to Rs 15 lakh plus, there is a very large jump in the tax rate. That is one area that could get the finance minister's attention.

Here's breaking down the pre-market actions:

Are we going to be OK in retirement without healthy defined benefit employer pensions? This is the question Anthony, 54, and Deirdre, 53, are trying to answer.

Supreme Court on Wednesday warned states and union territories of contempt action if they failed to act against misleading advertisements. A bench of Justices Abhay S Oka and Ujjal Bhuyan perused a note submitted by senior advocate Shadan Farasat, who is assisting the apex court as an amicus curiae in the matter, and observed a number of states were non-compliant as indicated in the note.

Gurpatwant Singh Pannun by Indian agents in New York in 2023.

Last year, the regulator took out 27 enforcement actions, which resulted in £176m worth of fines, in its push to crackdown on financial misconduct. By comparison, fines in 2023 totalled £53.4m, SteelEye found, the first time in seven years the FCA issued fewer fines, which contributed to such a major year-on-year increase in 2024. WealthTek boss John Dance charged with £64m fraud and money laundering The lion's share of penalties was in relation to breaches of the watchdog's Principles of Business, more specifically PRIN 3, which relates to management and control, including risk ma...

Axis Bank shares fell over 3% to a low 1,014.65 on the NSE on Wednesday amid a block deal where 33.2 lakh shares are reported to have changed hands. ETNow reported about the block deal. Details of the buyers and sellers were not known immediately.

A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result

Subscribe to enjoy similar stories. Gone are those simpler times when a finance minister of the country could tell Parliament, as Manmohan Singh had in 1992, that he does not lose sleep over stock markets. While those who invest in shares directly or via mutual funds are still relatively few—India has some 180 million demat accounts and a little over 40 million mutual fund folios, with a considerable overlap between the two—the number of Indians with indirect exposure to stock prices via retirement savings and insurance policies would be about 350 million.

Stocks that were in focus include names like Angel One, which fell 3.1% and HDFC Life, which rose 0.2% and Network18, whose shares gained 3% on Tuesday.

OpenAI said on Tuesday that it is introducing a beta feature called Tasks to ChatGPT, signaling the company's foray into the virtual assistant space, competing with Apple's Siri and Amazon's Alexa.

Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville

Meta's top officials over its CEO Mark Zuckerberg's remarks that the incumbent government in India lost the 2024 election owing to its handling of the Covid-19 pandemic.

PMO) has asked the Department of Telecommunications (DoT) to strictly enforce mandatory biometric Aadhaar verification before sale of mobile connections across India as part of the government's efforts to combat cybercrime and digital fraud, and rein in abuse of national telecom resources.

Subscribe to enjoy similar stories. China is walking a tightrope on its currency. Economic fundamentals suggest a weaker yuan, but the specter of capital outflows still haunts Beijing, making it wary of any sharp moves in the currency.

DGCA has directed Akasa Air to carry out internal audits at all its cargo handling facilities and also warned the airline to be more vigilant in handling dangerous goods following instances of lapses. This is the latest in a string of regulatory red flags for the little over two-year-old airline, which has faced DGCA actions for various lapses in recent weeks.