Profitability will be better in FY21 than FY20:…

Mumbai-based RBL Bank has set aside enough capital buffers to deal with the Covid-19 pandemic crisis and is confident credit costs will not exceed levels seen in the previous financial year, CEO Vishwavir Ahuja told…

Retire Better: Thanks to COVID-19, Social Security’s day…

I’ve mentioned before that Social Security is now dipping into its reserves—the so-called “trust fund”—to pay benefits. That’s because the system isn’t taking in enough cash from payroll taxes, which is how the gargantuan Social…

‘Liquid funds, GOI bonds are better bets’

What next, and what should we do? That’s the question savers are asking after Franklin Templeton stunned Mumbai’s financial community late Thursday, announcing the seizure of six debt plans that cumulatively managed Rs 26,000 crore…

The average American is much better off now…

JUST how bad have the past four decades been for ordinary Americans? One much-cited figure suggests they have been pretty bad. The Census Bureau estimates that for the median household, halfway along the distribution, income…

How Indian IT can compete with Google and…

By Mishi Choudhary and Eben MoglenThe world's major societies are now wrestling with the enormous social power wielded by the internet's “platform companies“.In Europe they speak of “GAFA“: Google, Apple, Facebook and Amazon.Twitter, Uber and…