India is considering introducing real-time foreign-exchange settlements in euros at its sole international financial hub, according to people familiar with the matter, a step that would deepen financial ties as the European Union-India trade deal progresses. The International Financial Services Centres Authority (IFSCA), which regulates the hub, has approached the government to permit the use of the euro alongside the US dollar for such settlements, the people said, declining to be identified because the discussions are private.

The proposal comes as India and the EU work to expand market access under the trade pact.

At the same time, the country has been working to strengthen its financial system – last year, it introduced real-time foreign-exchange settlement at Gujarat International Finance Tec-City (GIFT City), part of a broader push to make its flagship offshore financial centre more attractive to global investors.
Standard Chartered serves as the designated bank facilitating dollar settlements under the system, which processes interbank transactions on a real-time gross settlement basis. The shift has cut settlement times to seconds from as long as 24 hours, while also reducing reliance on overseas banking networks and lowering liquidity, operational and settlement risks, according to the Clearing Corp. of India’s monthly publication.
A spokesperson for IFSCA did not reply to an email seeking comment.

JP Morgan Chase Bank N.A has settled a case with market regulator Sebi for violating foreign portfolio investor (FPI) regulation by paying ₹34 lakh as settlement amount.

The settlement stems from multiple compliance failures linked to the handling of FPIs. The regulator said JP Morgan granted Category II FPI licences to four UK-based firms that were not registered with the UK’s Financial Conduct Authority, rendering them ineligible under prevailing norms. The lapse pointed to gaps in due diligence at the onboarding stage. Sebi also alleged that, following the introduction of updated FPI rules in 2019, the same entities were reclassified as Category I FPIs without verifying their regulatory status. This amounted to a breach of stricter eligibility requirements introduced under the revised framework.

The Sebi also observed that the bank delayed action on a material change involving an FPI following a merger. Despite being informed on November 1, 2024, JP Morgan took over a month to advise fresh registration and restrict trading.

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Helios Technologies, Inc. (HLIO) Analyst/Investor Day March 20, 2026 8:30 AM EDT

Company Participants

Tania Almond – Vice President of Investor Relations, Corporate Communications & Risk Management
Sean Bagan – President, CEO & Director
Billy Aldridge
Rick Martich – President of Hydraulics – MCT
Matteo Arduini – President of Hydraulics – FCT
Jeremy Evans – CFO & EVP
Billy Aldridge – President of Electronics Segment

Conference Call Participants

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Jeffrey Hammond – KeyBanc Capital Markets Inc., Research Division
Tomohiko Sano – JPMorgan Chase & Co, Research Division
Peter Psallidas
Christopher Moore – CJS Securities, Inc.
Peter Kalemkerian – Robert W. Baird & Co. Incorporated, Research Division
Jason Williams

Presentation

Tania Almond
Vice President of Investor Relations, Corporate Communications & Risk Management

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[Presentation]

Good morning, and welcome, everyone. Thank you for joining us for the Helios Technologies 2026 Investor Day. My name is Tania Almond, Vice President of Investor Relations and Corporate Communications. We are very excited to have you here with us today. Our last event was in 2021. So this has been a long time coming. We’ve done a lot of planning for this event.

We’ve got teams here with us from our operating companies for everyone who was able to join us in person with equipment on hand and customer applications. They’re super excited to engage with you as well. I want to give you a couple of backgrounds of how the day will unfold.

Obviously, we will be covering forward-looking statements, and we’ve got non-GAAP metrics as well that we’ve reconciled in the back with our supplemental materials. You can also review our risk statements in our 10-K filing that’s on our website as well as the SEC’s website. Just want to say a little bit about this beautiful venue that we’re in today. So we put out a press release earlier this week about our new partnership and sponsorship of the Mote

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Awe is valued in Western wellness for its health benefits but can evoke mixed feelings across cultures. Research indicates it may not universally enhance wellbeing, complicating its application in mental health and leadership.

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Key Points

• Awe has become an emotional currency in Western wellness, praised for enhancing mental and physical health, social interactions, and prosocial behavior. However, it can evoke both positive and negative feelings across cultures.
• Cross-cultural research reveals that while awe is often positive in Western contexts, it can induce fear and tension in cultures like China. This challenges the notion of awe as a universally positive emotion.
• Studies with over 2,500 diary entries show that cultural context significantly influences the emotional response to awe, raising important questions about its application in mental health programs and marketing worldwide.

Awe has increasingly become recognized as an essential emotional currency within Western wellness communities, celebrated for its potential to enhance mental and physical health and foster improved social interactions. Research indicates that experiences of awe are linked to positive outcomes such as increased prosocial behavior, heightened curiosity, humility, and overall well-being, as well as potential reductions in post-traumatic stress disorder (PTSD) symptoms. However, cross-cultural investigations reveal that awe does not elicit universally positive responses; rather, it can evoke both uplifting and distressing emotions. This dichotomy raises critical questions about the universal applicability of awe as a beneficial emotional experience.

In a recent series of cross-cultural studies co-authored by researchers from various academic backgrounds, evidence has emerged suggesting that awe’s emotional impact may differ significantly across cultural contexts. Utilizing data from daily emotion diaries and physiological measurements, the studies reveal that while awe is often perceived positively in Western cultures, particularly in the United States, individuals in China may experience awe accompanied by feelings of fear or apprehension. This challenges the longstanding assumption that awe invariably cultivates connection or enhances well-being.

The implications of these findings extend to several domains, including mental health initiatives, leadership training, and global marketing strategies, necessitating a reevaluation of how awe is conceptualized and utilized across cultures. As psychologists Dacher Keltner and Jonathan Haidt define awe as an emotion resulting from encounters with vast and mind-bending experiences, the research underscores that the initial spark of awe may be consistent globally, yet the subsequent emotional response can diverge dramatically depending on cultural interpretations.

The first study, which analyzed over 2,500 diary entries from a cohort of 166 university students across China and the United States over a two-week period, serves to illustrate these nuanced emotional variances. This critical exploration of awe invites a broader understanding of emotional intelligence across cultures, highlighting the necessity for sensitivity in applying awe in various contexts.

Read the original article : Reinterpreting ‘awe’: why cross‑cultural emotional intelligence needs to be handled with care

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The tumble in precious-metals prices from their all-time highs has accelerated, with gold and silver futures suffering some of their worst daily declines on record Thursday.

Gold sank for the sixth time in the past seven trading days, losing 5.9%, or $289.20 an ounce, on Thursday. Silver futures shed 8.2% a troy ounce, bringing the total decline from a seven-session fall to around 20%.

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