Dimon Warns AI Job Cuts Could Fuel Social Instability

JPMorgan Chase CEO Jamie Dimon cautions that rapid AI adoption without proper workforce planning could lead to mass layoffs, inequality, and social backlash. He emphasizes phased implementation and reskilling.

Budget 2026: Fiscal Deficit May Stay at 4.4% in FY27

Nuvama report suggests India's finance minister may keep fiscal deficit unchanged at 4.4% of GDP in FY27, focusing on non-fiscal measures like deregulation and disinvestment to support fragile economic recovery.

EU Halts GSP Benefits for Indian Exports Amid FTA Talks

The European Union has suspended GSP tariff advantages for key Indian exports like plastics and textiles from January 2026. While India's Commerce Ministry claims minimal impact, experts warn of significant trade setbacks.

Rupee Hits Record Low of 92 vs Dollar, Settles at 91.88

The Indian rupee plummeted to an unprecedented low of 92 against the US dollar in intraday trading, driven by weak domestic markets and sustained foreign fund outflows, before recovering marginally to close at 91.88.

IndusInd Bank Q3 Profit ₹128 Cr, NIM at 3.52%

IndusInd Bank reports Q3 FY26 net profit of ₹128 crore, a significant turnaround from Q2 loss. Net Interest Margin improves to 3.52%, reflecting stronger operational performance.

PNB Housing Bets on Affordable Loans to Counter Bank Dominance

PNB Housing Finance shifts focus to affordable and emerging market segments to improve margins as banks dominate prime home loans. CEO Ajai Kumar Shukla outlines expansion plans including branch network growth and digital investments.

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