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BusinessPhoto: HT WorldA new 401(k) portability system reduces retirement cash-outs among job switchers, dropping cash-outs from 50% to 9% for balances under $1,000 and from higher rates to 31% for balances between $1,000 and $7,000. However, only 6% of retirement savings have been successfully transferred to new employer plans, according to Vanguard research.
HT World·
WorldPhoto: TOI WorldA marble sculpture of a veiled lady by Antonio Corradini sold for a record €1.925 million at an auction in Vienna. The 60-centimeter tall bust is noted for its intricate craftsmanship that mimics cloth. Bidders in the saleroom and on the phone competed, with a telephone bidder ultimately winning the artwork.
TOI World··Vienna
PoliticsPhoto: News18Andhra Pradesh Minister Nara Lokesh visited Manipal Hospital in Bengaluru to check on a 15-year-old girl critically injured in a chainsaw attack at her government school in Anantapur district. After a 12-hour surgery, she is stable but the next 48 hours are crucial. The accused, her maternal uncle disguised as a worker, exploited ongoing construction to enter the school. The government is providing full support to the family.
News18··Bengaluru
SportsPhoto: NDTV CricketAfghanistan made history by defeating Australia by four wickets in the final to win their first-ever Hong Kong Sixes cricket title. The match took place at the Mission Road Ground on Sunday, marking a significant achievement for Afghanistan's cricket team in this fast-paced tournament.
NDTV Cricket·
PoliticsPhoto: NDTV WorldIran's army spokesman Mohammad Akraminia stated that a potential future war involving the US could last longer than previous conflicts. He emphasized that the American president would not be able to dictate the timing or conditions for ending such a war, signaling a warning about prolonged hostilities if conflict arises.
NDTV World·
BusinessPhoto: Mint MarketsThe government has raised export duties on diesel and aviation turbine fuel while reducing the petrol export duty to zero for the fortnight starting October 31. This decision is expected to keep shares of Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) in focus on November 2.
Mint Markets·
HT World·
Photo: HT WorldA new 401(k) portability system reduces retirement cash-outs among job switchers, dropping cash-outs from 50% to 9% for balances under $1,000 and from higher rates to 31% for balances between $1,000 and $7,000. However, only 6% of retirement savings have been successfully transferred to new employer plans, according to Vanguard research.
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