JP Morgan chairman & CEO Jamie Dimon MUMBAI: JP Morgan is the world’s most valuable bank, and its chairman and CEO Jamie Dimon is the longest serving chief of a large global bank. In an interview with TOI, Dimon speaks of what it takes to run America’s largest bank and his definition of success.You completed…
The cash deposits prompted the department to examine whether the senior citizen had any income that had not been disclosed. (Image for representative purpose only) A retired school teacher from Mysore, Karnataka, found himself facing income tax reassessment proceedings after cash deposits totalling Rs 1.33 crore in his bank accounts were flagged under the Central…
File photo: Members of United Forum of Bank Unions (UFBU) hold placards during the nationwide strike for various demands (ANI Photo) The finance ministry on Monday urged bank employees to refrain from resorting to strikes and resolve their remaining demands through dialogue, saying most concerns raised by unions had been substantially addressed.The appeal comes ahead…
The sharp increase in presidential trading has renewed concerns about possible conflicts of interest. (AP file photo) Did you know that US President Donald Trump has carried out more securities trades than all members of Congress combined since his return to the White House in January 2025? Interestingly, he supports legislation that would prohibit lawmakers…
The entire 508-km Mumbai-Ahmedabad High-Speed Rail corridor is scheduled to be completed by December 2030. Even as it builds the country’s first high-speed train set for the first time, Indian Railways has already set the ball rolling for another set of bullet trains that will run at 350 kmph.India is planning to develop and manufacture…
NSE IPO closes strong after decade-long wait for stock market listing (representative image) The $2.3 billion initial public offering of the National Stock Exchange of India (NSE) was subscribed 5.7 times by the end of the final day of bidding on Monday, as investors placed bids for more than five times the shares on offer.The…
India’s exports to China rise nearly 40% as electronics, engineering goods gain (representative image) India’s exports to China rose nearly 40% in the five months through August, with electronics and engineering goods emerging as key drivers, even as the bilateral trade relationship remains heavily tilted in Beijing’s favour, according to an analysis of government data…
India-New Zealand trade deal to come into force on Dussehra (representative image) The India-New Zealand Free Trade Agreement (FTA) will come into force on October 20, coinciding with Dussehra, commerce and industry minister Piyush Goyal said on Monday, with India securing duty-free access for 100 per cent of its exports to New Zealand.Goyal made the…
Petrol pumps to stop accepting UPI above Rs 2000. Petrol pump dealers in Madhya Pradesh have announced that they will stop accepting UPI payments above Rs 2,000 from October 16, citing the additional merchant charges under the new UPI Merchant Discount Rate (MDR) framework.The Madhya Pradesh Petroleum Dealers Association said fuel pump operators, who work…
The facility allows customers to move from one issuer bank to another according to their requirements. (Image from representative purpose only) Motorists will no longer need to remove and replace the FASTag affixed to their vehicle when they want to change the bank that issued it. Union minister Nitin Gadkari recently launched ‘OneTag’, a portability…
