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Jack Mallers’ Strike cleared to offer Bitcoin brokerage and payments in New York
platodata34d ago

Jack Mallers’ Strike cleared to offer Bitcoin brokerage and payments in New York

Strike, a Bitcoin-focused fintech company led by Jack Mallers, has been granted regulatory approval by the New York State Department of Financial Services (NYDFS) through a BitLicense and Money Transmitter License, allowing it to expand its Bitcoin services to residents and businesses across the state. Dual licensing represents a major hurdle cleared by Strike, as [...]

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If Oil Hits $100 These Are the Energy Dividends You Want to Own
wallst_24734d ago

If Oil Hits $100 These Are the Energy Dividends You Want to Own

With WTI crude sitting at $80 per barrel as of early March, oil remains roughly $20 short of the $100 threshold that would dramatically reshape energy sector cash flows. But the geopolitical landscape is shifting fast. The death of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28, 2026, and escalating U.S.-Iran tensions have already ... If Oil Hits $100 These Are the Energy Dividends You Want to OwnThe post If Oil Hits $100 These Are the Energy Dividends You Want to Own appeared first on 24/7 Wall St..

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This Monthly Paying ETF Yields 6.57% and Retirees Keep Coming Back
wallst_24734d ago

This Monthly Paying ETF Yields 6.57% and Retirees Keep Coming Back

Global X SuperDividend U.S. ETF (NYSEARCA:DIV) has paid a monthly distribution every single month since launching in 2013. For retirees who need predictable cash flow, that track record is genuinely compelling. But the yield tells only part of the story. How DIV Generates Its Income DIV holds 50 high-dividend-paying U.S. stocks, spread across utilities, real ... This Monthly Paying ETF Yields 6.57% and Retirees Keep Coming BackThe post This Monthly Paying ETF Yields 6.57% and Retirees Keep Coming Back appeared first on 24/7 Wall St..

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Here Are Friday’s Top Wall Street Analyst Research Calls: BorgWarner, CoreWeave, Intuit, Marvell Technology, Netflix, Okta, Regeneron Pharmaceuticals, Trade Desk, and More
wallst_24734d ago

Here Are Friday’s Top Wall Street Analyst Research Calls: BorgWarner, CoreWeave, Intuit, Marvell Technology, Netflix, Okta, Regeneron Pharmaceuticals, Trade Desk, and More

Pre-Market Stock Futures: Futures are trading lower as we prepare to finally end what has been one of the most volatile weeks in recent memory, with oil hitting its highest level since 2024. After a snap-back Wednesday that saw all the major indices close higher, the tables were turned on investors once again as oil ... Here Are Friday’s Top Wall Street Analyst Research Calls: BorgWarner, CoreWeave, Intuit, Marvell Technology, Netflix, Okta, Regeneron Pharmaceuticals, Trade Desk, and MoreThe post Here Are Friday’s Top Wall Street Analyst Research Calls: BorgWarner, CoreWeave, Intuit, Marvell Technology, Netflix, Okta, Regeneron Pharmaceuticals, Trade Desk, and More appeared first on 24/7 Wall St..

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8th Pay Commission: Family Unit Formula Change Could Drive Major Pay Hikes - Check Details
abplive34d ago

8th Pay Commission: Family Unit Formula Change Could Drive Major Pay Hikes - Check Details

At last month’s National Council (Staff Side), Joint Consultative Machinery (NC-JCM) meeting, a proposal was made to increase the number of family units considered in salary calculations from three to five. The move could influence pay revisions under the 8th Pay Commission.It has been argued that if the government accepts the proposal, the fitment factor used for revising basic salaries could exceed 3, potentially leading to significant salary increases for employees.Demand Backed By Employee And Pensioner AssociationsThe demand is said to have received support from several central government employee and pensioner associations. They believe that expanding the family unit size from three to five could raise the fitment factor that ultimately determines the extent of salary increases under the pay commission.Origins Of The Three-Unit Family ConceptThe concept of three family units was introduced during the 15th Indian Labour Conference (ILC) in 1957, when discussions were held on need-based norms for fixing wages, according to the expert committee report.Under this framework, a family unit comprises a husband, wife and two children. These units are considered while calculating basic wages under a pay commission.Employee Bodies Seek Inclusion Of ParentsEmployee associations argue that the current system does not reflect present social and legal realities, the Economic Times reported.C Srikumar, secretary general of the All India Defence Employees' Federation (AIDEF), said the Maintenance and Welfare of Parents and Senior Citizens Act, 2007 makes it a legal responsibility for children to support their parents, NDTV Profit reported. According to him, this is why AIDEF has sought the addition of two more family units.Manjeet Singh Patel, National President of the All India NPS Employees Federation, also highlighted that nuclear families are increasingly common. As a result, elderly parents are more dependent on their children, which is why employee bodies want parents included as family units.What To Expect?Patel told the Economic Times that the basic pay could rise by 66 per cent if family units increase from three to five. This would translate into an additional fitment factor of 0.66.The 66 per cent increase is based on a 33.33 per cent calculation per family unit.Scenario 1: No Change In Family UnitsIn the first scenario, calculations assume no change in family units and consider only dearness allowance (DA) increases and annual increments.If an employee’s basic salary is Rs 78,800, current DA is 58 per cent, annual increments are 12 per cent and the estimated DA rise is 12 per cent, the fitment factor would be calculated as:1 (basic pay) + 0.66 (DA) + 0.12 (annual increment) = 1.76.In this case, the estimated revised basic salary could be Rs 1,38,688.Scenario 2: Family Units Increase From 3 To 5In the second scenario, family units increase from three to five. The additional family unit factor of 0.66 is added to the base fitment factor from the first scenario.This results in a total fitment factor of 1.76 + 0.66 = 2.42.Under this scenario, the estimated revised basic salary would be calculated as:78,800 × 2.42 = Rs 1,90,676.Scenario 3: With Growth Factor Similar To 7th Pay CommissionDuring the 7th Pay Commission, the government granted a growth factor of 15 per cent. Assuming the same growth level, the calculations change significantly.The steps include:Rs 78,800 basic pay at a 1.76 fitment factor = Rs 1,38,688Per family unit (for three units) = Rs 46,230Revised salary for five family units = 5 × Rs 46,230 = Rs 2,31,150Derived fitment factor = 2.94Adding a 15 per cent growth factor increases it to 2.94 + 0.15 = 3.09.This means the estimated revised salary would be calculated as:78,800 × 3.09 = Rs 2,43,492.

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Business News | MnM Talkies Announces Return of Bhaskar Bose
latestly34d ago

Business News | MnM Talkies Announces Return of Bhaskar Bose

Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], March 6: MnM Talkies, one of India's leading podcast studios, has officially revived its award-winning audio detective series Bhaskar Bose, marking the return of one of the country's most beloved fictional investigators. After a three-year hiatus, the new season titled 'Bhaskar Bose: He's Here - Part 1' premiered on Spotify recently, ushering in a new chapter for the iconic show and introducing a first-of-its-kind innovation in Indian audio entertainment.

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