US jobs data: Job openings slide to near five-year low; hiring stays sluggish despite solid growth

US employers posted significantly fewer job openings in November, signalling that hiring remains subdued even as economic growth has picked up, according to data released by the Labor Department. Businesses and government agencies reported 7.1 million open jobs at the end of November, down from 7.4 million in October. While hiring remained weak, layoffs also…

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Warner Bros-Netflix deal: Company rejects Paramount takeover bid; backs $72-bn Netflix deal for studio and streaming business

Warner Bros. Discovery has once again turned down a takeover offer from Paramount, telling shareholders that the rival bid does not serve their interests and reiterating its recommendation to support a proposed $72 billion transaction with Netflix.In a statement on Wednesday, the company said its board had reviewed Paramount’s latest proposal and concluded that it…

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MF outreach push: Sebi extends deadline for distributor incentives; rollout now from March 1

Markets regulator Sebi has extended the timeline for implementing an additional incentive structure for mutual fund distributors to March 1, allowing more time for asset management companies to put systems in place, according to a circular issued on Wednesday.The revised framework, aimed at encouraging onboarding of new individual investors from B-30 cities and new women…

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Hospitality push: Industry body seeks sector-specific reforms, infrastructure status for hotels ahead of Budget

The Hotel Association of India (HAI) has urged policymakers to prioritise sector-specific reforms to drive growth and resilience in the hospitality industry, reiterating its long-standing demand for infrastructure status and industry benefits for hotels ahead of the Union Budget .Sharing the sector’s expectations, HAI President K B Kachru said the hotel industry deserves stronger policy…

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Stock market slide: Nifty down 1%, Sensex sheds over 1,000 points in 3 days- key reasons for the fall

Equity indices extended their decline on Wednesday, with the Sensex and the Nifty ending lower for a third consecutive session as sustained selling in heavyweight stocks, rising geopolitical unease and weak global cues dented investor confidence. The BSE Sensex has shed over 1,144 points in the past three sessions, sliding from a close of 85,762.01…

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Senior Citizens Savings Scheme: At 8.2% interest rate, how does SCSS compare to bank FDs, RBI bonds, mutual funds? Explained

SCSS accounts help earn interest payments on a quarterly basis. (AI image) Senior Citizens Savings Scheme or SCSS is a popular Post Office investment and savings scheme for senior citizens and retired individuals. The government-backed scheme is seen as a guaranteed cushion for regular interest income flow, especially for individuals who are looking for high…

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