The famous numbered metal stanchions that for decades defined Southwest Airlines unique boarding process are coming down as the Dallas-based carrier laid out the final plans for a new boarding process for the beginning of assigned seating next year.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesnt expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process.
Along with the unpredictable tariffs, stubborn inflation and weak hiring have shaken consumer confidence in the U.S. economy. The vast majority of U.S. adults say theyve noticed higher than usual prices for groceries, electricity and holiday gifts in recent months, according to a December poll from The Associated Press-NORC Center for Public Affairs Research.
The rupee slid to a record low of 90.73 against the dollar amid heavy foreign outflows, stalled IndiaUS trade talks and strong importer demand, emerging as the worst performer among Asian currencies.
The Reserve Bank of India is injecting Rs 1.5 lakh crore into the financial system. This move aims to prevent any cash crunch as advance tax and GST payments are due. The central bank is conducting a dollar-rupee buy-sell swap to add more liquidity. This action will help keep overnight interest rates stable.
India's largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking.
National Commodity & Derivatives Exchange Ltd, NCDEX, has received in-principle approval from Sebi to launch a mutual fund transaction platform. This platform will enable investors to subscribe to and redeem mutual fund units. The exchange aims to expand financial inclusion by targeting rural and semi-urban areas with low-denomination systematic investment plans.
