RBI eases outward remittance norms, removes prior approval requirement for non-bank entities

The Reserve Bank of India (RBI) on Wednesday removed the requirement for non-bank entities to obtain prior approval for tie-up arrangements to facilitate outward remittance services through banks in India, PTI reported.The central bank also issued a revised operating framework for facilitating outward remittance services by non-bank entities through Authorised Dealer (AD) Category-I banks.“On a…

Read More

Walmart looks to combine global tech and product teams; the company to lay off or relocate 1,000 employees; says in memo: In some cases, we have had different teams working on …

Walmart, America’s largest private employer has announced its plans to layoff or relocate around 1,000 corporate employees as part of a restructuring effort in oder to combine its global technology and product teams. According to a report by The Wall Street Journal, in a memo to staff, Walmart executive Daniel Danker, head of global AI…

Read More

Ryan Johnson reportedly received Vancouver Canucks general manager shift offer after surprising Evan Gold hiring rumors surface in front office development this week | NHL News

Evan Gold poses for his official headshot for the 2015-2016 season on September 17, 2015 at Kettler Capitals Iceplex in Arlington, Virginia. (Photo by Patrick McDermott/NHLI via Getty Images) The Vancouver Canucks may have pivoted in their front office search after recent NHL rumours connected Evan Gold to the franchise’s open general manager position. But…

Read More

VinFast divests mfg unit in $530M restructuring deal

VinFast has announced a major restructuring exercise involving its manufacturing business in Vietnam in a deal valued at around USD 530 million (approximately VND 13.3 trillion). The move is aimed at improving capital efficiency, reducing debt burden and helping the EV maker move faster towards profitability.As part of the restructuring, VinFast will separate its manufacturing…

Read More

‘We did not fire PR Sreejesh’: Hockey India responds after legend’s explosive foreign coach allegation | Hockey News

NEW DELHI: Hockey India has issued a detailed response after Indian hockey legend PR Sreejesh publicly questioned the federation’s continued trust in foreign coaches, saying his contract as junior men’s coach had simply ended and that he was never “fired”.The statement came hours after Sreejesh posted a strongly-worded message on social media, claiming he was…

Read More

Ben Shelton and Trinity Rodman Combined Net Worth: Inside tennis star and US soccer team forward’s earnings, endorsements income and rising wealth | International Sports News

Ben Shelton and Trinity Rodman (via Trinity Rodman / Instagram) American tennis star Ben Shelton and U.S. soccer forward Trinity Rodman have become one of the most talked-about young sports couples in recent years. Both athletes are enjoying rapid success in their respective sports while building impressive fortunes at a young age. Shelton has become…

Read More