At least three large companies in Greece, including the Mediterranean nation's largest electronic appliances chain, have paid their staff in cash after the government imposed limits on bank withdrawals last week in an attempt to ward off a potential collapse of the Greek banking system.
Nestle India has paid Rs 20 crore to Ambuja Cements for destroying Maggi noodles, which have been found to be harmful for human consumption by the food regulators in India.
Continuing its winning run for the third straight session, the benchmark BSE Sensex gained over 122 points in early trade on Tuesday on sustained across-the-board buying by participants amid a rebound in Asian markets.
Rising for the sixth straight day, the rupee strengthened by 8 paise to 63.32 against the dollar in early trade on Tuesday at Interbank Foreign Exchange on sustained selling of the American currency by exporters and banks.
Reliance Industries will offload 3.10% bringing down the stake in shareholding media and entertainment firm Network18 Media to 75%.
The Greek referendum has gone against the austerity measures imposed by creditors, putting the euro zone in a new predicament. Chances are high that Greece may exit from the euro if a new deal is not put in place quickly, to fund the country’s banks.
The proposal to consolidate state-owned banks is back on the drawing board. This will be undertaken by the public sector bank board, which will be set up in the next few months.
Already facing a government intimation to declare your assets parked abroad then do not feel lucky with the new compliance window law! This is what the Income-Tax department clarified in the detailed frequently asked questions, notified by the finance ministry on Monday.
Uber, the app-based taxi hailing service expanded to seven Indian cities, making it the largest geographical market outside the US.
On Sunday, Chinese authorities arrested a man for claiming on social media that some people in Beijing jumped off buildings, bruised by a massive stock market crash.
The Employees’ Provident Fund Organisation (EPFO) is planning to limit PF withdrawals to 75% to check “misutilisation” of the fund and ensure its availability as a post-retirement security in old age. Sources said the cap may be further reduced to 50% in the future with limits on the number of withdrawals as well.
The benchmark Sensex closed at 28,208.76 after it bounced back 115.97 points on late buying in some blue chips, led by healthcare, oil and gas, realty and FMCG sector stocks.
The rupee on Monday declined by 18 paise to 63.62 against the US dollar in early trade on Monday at the Interbank Foreign Exchange due to dollar's gain against other currencies overseas.
Last week, when Ratan Tata flagged off a joint initiative with Google and Intel and Tata Trusts to increase Internet usage for rural women, the 77-year old Tata Sons chairman emeritus had added yet another achievement to his list of accomplishments, since he
Amid increased attempts by Gulf carriers to poach highly-skilled commanders from India, the country’s biggest airline by market share, IndiGo, has given a salary hike of up to 13% to its pilots.