Author: TI Editor

Many banks have savings accounts tailored to the needs of specific individuals. These include savings accounts for women, senior citizens, children or youngsters in a particular age bracket. Recently, Bank of Baroda has introduced a credit card that is tailored to the specific needs of women with the BOB Tiara Credit Card. In this article, we will understand the features and benefits of the BOB Tiara Credit Card and whether you should have it in your wallet.Features and benefits of the BOB Tiara Credit CardThe BOB Tiara Credit Card is designed for women keeping in mind their needs and wants.…

The Trump administration has terminated two decades-old, independent food safety advisory committees to the US Department of Agriculture.  The National Advisory Committee on the Microbiological Criteria for Foods and National Advisory Committee on Meat and Poultry Inspection , both made up of experts from academia, industry and advocacy groups, have been disbanded.  USDA Secretary Brooke Rollins “fully supports the president’s directive to improve government, eliminate inefficiencies, and strengthen USDA’s many services to the American people,” an agency spokesperson said. The groups were dissolved under President Donald Trump’s executive order “Commencing the Reduction of the Federal Bureaucracy,” the spokesperson said. Members…

(Bloomberg) — A courtroom showdown between Perella Weinberg Partners and a group of former partners who were fired a decade ago has portrayed a gulf between M&A and restructuring bankers. The monthlong trial, which neared a close Friday with the end of the presentation of evidence, has featured testimony by both Joseph Perella and Peter Weinberg, two Harvard Business School graduates who became Wall Street royalty. Pitted against them was the restructuring team led by Michael Kramer, who founded Ducera Partners after he was terminated from Perella Weinberg in 2015. In his testimony, Kramer described how he and three other…

Mahindra Group Chairman Anand Mahindra gave a shout-out to Morbi in Gujarat, which is known for its ceramic industry.In a post on X, Mahindra shared a video of the city and praised the ‘Morbi effect.’ He also urged Indian businesses to look at such developing industries to compete with China.“Can Indian businesses compete with China? Maybe we’re not looking in the right places for success stories. I was delighted to see this video on the ‘Morbi’ effect. Agile, small-town entrepreneurs—The ‘bahubalis’ of India,” Mahindra wrote.The clip shared by Mahindra mentioned how Morbi has developed as a production hub, producing 90%…

Bankrupt electric vehicle maker Nikola Corp. won court permission to auction its Arizona manufacturing facility, an asset creditors said may prove especially valuable to automakers as the Trump administration continues to go back-and-forth on implementing tariffs. The company’s 691,000-square-foot manufacturing plant in Coolidge, Arizona, is a “turn-key” facility could appeal to buyers interested in moving production to the US, Benjamin Butterfield, a lawyer representing Nikola’s unsecured creditors, said during a Friday hearing. The plant is part of a broader set of technology and other assets poised to hit the auction block in April. The hearing follows Trump’s barrage and subsequent…

(Bloomberg) — The former head engineer of the failed student-finance startup Frank testified that when he asked company founder Charlie Javice if her request to create “synthetic” customer data was legal, she told him in his native French that she didn’t intend to “end up in an orange jumpsuit.”  Patrick Vovor told jurors he didn’t want to do anything illegal and declined to provide the data. The dramatic testimony by Vovor, now a JPMorgan Chase & Co. employee, came at the end of a week that provided additional details of the bank’s vetting of its failed $175 million acquisition of…

(Bloomberg) — AT&T Inc. is no longer encouraging employees to wear pins that state their favored pronouns and has canceled a series of LGBTQ-friendly events in the most recent effort by a big company to roll back its diversity, equity and inclusion initiatives. The company’s chief diversity officer, Michelle Jordan, is now listed as vice president of culture and inclusion on LinkedIn. Her team has been renamed as well, a person close to AT&T said. The company will no longer fund the Trevor Project, a suicide prevention group for LGBTQ youth, or Turn Up the Love, a series of Pride…

Millennium Management lost about $900 million so far this year from two teams focused on index rebalancing, a strategy recently upended by global stock market volatility, according to people familiar with the matter. Glen Scheinberg runs the larger of the two index-rebalancing teams, a group known as SRBL, while Dubai-based Pratik Madhvani manages the other crew focused on the strategy, the people said. A representative for Millennium declined to comment. Index rebalancing — often highly leveraged — involves betting on which companies enter or exit various stock indexes, and it can be lucrative for giant multimanager hedge funds like Millennium.…

(Adds details on layoffs, reorganization in paragraphs 2, 9-10) TORONTO, March 7 (Reuters) – Royal Bank of Canada , Canada’s largest lender, laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC’s domestic business last year, two sources with direct knowledge of the layoffs told Reuters. Some of the layoffs were at the technology and operations, personal banking and commercial banking teams and began earlier this week, the sources said, requesting anonymity. It was unclear how many employees were impacted or if layoffs would continue. RBC separated its personal and…

Mondelez International Inc. is asking regulators for permission to ignore a shareholder proposal that calls for greater transparency on the Oreo maker’s Russian operations. The snack company is looking to exclude a resolution from Wespath Institutional Investments LLC from the agenda of its next shareholder meeting, according to a letter to the Securities and Exchange Commission. Shareholders including Wespath argue that Mondelez has a responsibility to show investors how it’s conducting business in Russia and Ukraine in a way that protects human rights and are calling for a third-party assessment.  The Mondelez letter, dated March 3, cites SEC guidance released…