This shipping company is giving 5 years of salary as bonus

Published on Mar 21, 2023 10:01 PM IST

Taiwan shipping company Evergreen, that made headlines in 2021 when its container ship blocked the Suez Canal, is handing out massive bonuses to its 3100 workers after a jump in its profits.

Taiwanese shipping giant Evergreen is set to hand out 60 months' of salary as bonus to selected employees. (Bloomberg)

Bengaluru company to hire chief meme officer, salary 1 lakh

According to the job posting, the chief meme officer would be responsible for creating financial memes that GenZ can relate to.

The chief meme officer will have to curate, ideate and share viral content to increase StockGro's presence. (LinkedIn)
Published on Mar 21, 2023 09:59 PM IST

No direction on loading or not loading 2,000 notes in ATMs: FM

RBI in consultation with the government has announced various measures recently to diversify and expand the sources of forex funding to mitigate exchange rate volatility and global spillovers, she said.

Finance minister Nirmala Sitharaman. (Bloomberg)
Published on Mar 21, 2023 08:22 PM IST
PTI | | Posted by Yagya Sharma

Amazon CEO's letter to staff as 27,000 workers sacked this year

Amazon CEO Andy Jassy called the latest round of layoffs, which cut 9,000 more jobs, a 'difficult decision' in his letter to employees.

Amazon CEO Andy Jassy, after the latest layoff announcement, explained that the company is planning to be more streamlined in its costs and headcount. (File)
Published on Mar 21, 2023 05:04 PM IST

Sensex gains 445 points to settle at 58,074; Nifty in green above 17,100

Among the Sensex stocks, Reliance Industries climbed the most by 3.11 per cent. Bajaj Finance, Titan, Axis Bank, ICICI Bank, Bajaj Finserv, IndusInd Bank, UltraTech Cement, Larsen & Toubro, HDFC Bank, HDFC and Kotak Mahindra Bank were among the other major winners.

Market updates today: People walk past an electronic signage displayed at the Bombay Stock Exchange (BSE) building.(PTI)
Published on Mar 21, 2023 03:35 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

IMF says Pakistan must complete 'few remaining points' to get $6.5 bn loan

Pakistan has taken tough measures including increasing taxes and energy prices, and allowing its currency to weaken to restart a $6.5 billion IMF loan package.

Pakistan's Prime Minister Shehbaz Sharif announced to provide free flour to the needy people during the Ramadan in the wake of country's soaring inflation. (AFP)
Updated on Mar 21, 2023 02:33 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Airlines allowed to hire expats to fly B777 aircraft due to shortage of pilots

Air India, which was acquired by the Tata Group last year, has already indicated that the airline will have to cancel several long-haul flights due to crew shortages over the next few months.

Speaking at CAPA India’s summit, Union civil aviation secretary Rajiv Bansal said the government is allowing Foreign Aircrew Temporary Authorization (FATA) pilots for a short period. (Twitter/ld_Neha)
Updated on Mar 21, 2023 01:51 PM IST

IMF bailout not a silver bullet for Sri Lanka, warns Moody's Analytics

“The exuberance that has been reflected in the financial markets will really fade unless we see some significant improvements from the government as also in Sri Lanka's growth prospects,” said Moody's Analytics.

Laborers load sacks of imported potatoes to hand carts at a market place in Colombo, Sri Lanka. The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country's bankrupt economy. (AP)
Published on Mar 21, 2023 12:46 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Sri Lanka secures IMF bailout amidst ongoing economic crisis: Timeline of events

International Monetary Fund (IMF) says its executive board approved a nearly $3 billion bailout for Sri Lanka. The decision will allow an immediate disbursement of about $333 million.

Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt.(AFP)
Published on Mar 21, 2023 12:31 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Justifying the Nokia X30’s 47,999 price tag is a futile effort

The Nokia X30 is a mid-range-ish Android phone costing much higher than what it should. If priced right, the consistency would have stood out

The Nokia X30 5G. (Vishal Mathur/ HT Photo)
Published on Mar 21, 2023 10:49 AM IST

Petrol and diesel prices today: Check fuel rates in your city on March 21

Petrol and diesel prices: India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month.

The Central government regulates fuel prices through excise duty, base prices and cap prices.(Representative image/ istock)
Published on Mar 21, 2023 10:35 AM IST
By | Written by Shobhit Gupta

Credit Suisse rescue sends relief, but First Republic shares slump continues

Less than a week after large U.S. banks pumped $30 billion in deposits into the midsized U.S. lender, investors dumped First Republic on worries that infusion of capital would not be enough. Ratings agency S&P Global also downgraded it deeper into junk status on Sunday, citing liquidity risks.

Credit Suisse signage on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Published on Mar 21, 2023 10:30 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Market begins with minor gains, Sensex near 58,000, Nifty above 17,000

Among the Sensex stocks, Bajaj Finance, Titan, Reliance Industries, Bharti Airtel, UltraTech Cement, Asian Paints, ICICI Bank and Bajaj Finserv were among the major winners.

People stand outside the Bombay Stock Exchange (BSE).(REUTERS)
Published on Mar 21, 2023 09:21 AM IST
PTI | By

Gold price declines 500, silver slumps 1: Check latest prices

Last month, the 22k gold achieved the highest rate of ₹53,600 on February 2, while 24k of gold was priced at ₹58,470 on the same day.

One gram of 24k gold is priced at <span class='webrupee'>₹</span>5,978.(HT File Photo)
Published on Mar 21, 2023 09:03 AM IST
By | Written by Shobhit Gupta

Indian-origin Laxman Narasimhan takes over as Starbucks CEO

In September last year, Starbucks had announced that Narasimhan would become the company’s next chief executive officer and a member of the Starbucks Board of Directors.

Laxman Narasimhan
Updated on Mar 21, 2023 03:52 AM IST

Oil companies breathe easy as global prices dip

The three public sector oil refiners, Indian Oil, Bharat Petroleum and Hindustan Petroleum, which control over 90% of the domestic fuel retail business, no longer incur any losses on sale of petrol and diesel, three people aware of the matter said.

A fall in international crude prices has come at an opportune time with India’s retail inflation above the central bank’s upper tolerance limit of 6% for two consecutive months – January (6.52%) and February (6.44%).(AP)
Updated on Mar 21, 2023 02:58 PM IST
ByRajeev Jayaswal, New Delhi

What Google employees told Sundar Pichai after mass layoffs

Over 1,400 Google employees have written an open letter to CEO Sundar Pichai demanding a more humane handling of layoffs.

Google CEO Sundar Pichai. (Reuters)
Published on Mar 20, 2023 10:22 PM IST

RBI slaps 2.27 crore fine on RBL Bank for rule violations

The RBI said the penalty on RBL Bank is based on the deficiencies in regulatory compliance relating to the period fiscal 2018-19 to 2021-22.

Reserve Bank of India (RBI) said the penalty on RBL Bank has been imposed for non-compliance with certain provisions. (File)
Published on Mar 20, 2023 09:19 PM IST

Amazon to cut 9,000 more jobs in fresh layoff round: Report

CEO Andy Jassy said Amazon had added substantial amount of staff in the past few years, but the uncertain economy forced it to choose cost and headcount cuts.

Amazon CEO Andy Jassy. (AP)
Updated on Mar 20, 2023 08:52 PM IST
Reuters | | Posted by Ritu Maria Johny

Income tax return: You should avoid these errors while filing ITR

For filing ITR, individual taxpayers have a deadline of July 31 each year, while businesses and other entities have a deadline that varies depending on their category.

Penalties range from Rs.1,000 to Rs.10,000 if their returns are filed after the due date. (Representative Image)
Published on Mar 20, 2023 08:03 PM IST
By | Edited by Aryan Prakash

UK PM Sunak trusts UK Banking system safe despite Credit Suisse collapse

“We do believe we have a robust system, a strong system,” Prime Minister Rishi Sunak’s official spokesman Max Blain told reporters on Monday.

British Prime Minister Rishi Sunak.(REUTERS)
Published on Mar 20, 2023 06:17 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Aadhaar deactivation for a deceased person soon: Report

The Registrar General of India had asked UIDAI for feedback on draft amendments to the Registration of Birth and Death Act, 1969, to include the deceased person's Aadhaar number when issuing a death certificate.

The move comes after the UIDAI implemented the scheme of assigning Aadhaar numbers along with birth certificates. (HT Photo)
Published on Mar 20, 2023 05:58 PM IST
By | Edited by Aryan Prakash

Who are the winners and losers of UBS-Credit Suisse deal

UBS’s chief executive officer will see the bank’s wealth and asset management invested assets soar to about $5 trillion.

UBS Chairman Colm Kelleher (R) shakes hands with Credit Suisse chairman Axel Lehmann (L) after a press conference. (AFP)
Published on Mar 20, 2023 05:10 PM IST
Bloomberg |

At 1,400, gold achieves life-time high; silver zooms 1,860

In the previous trade, gold had ended at ₹58,700 per 10 grams.

According to jewellers, the introduction of GST at 3% on gold and 18% on making charges has led to a hike in gold jewellery price.(HT File Photo)
Published on Mar 20, 2023 04:33 PM IST

Meet Dixit Joshi, the Indian-origin CFO of Credit Suisse

Dixit Joshi had taken over as Credit Suisse's chief financial officer in October 2022.

Dixit Joshi had first joined Credit Suisse in 1995. (LinkedIn)
Updated on Mar 20, 2023 03:56 PM IST

Sensex slumps by 360 pts to end at 57,628, Nifty settles at 16,988

The 30-share BSE Sensex declined by 360.95 points or 0.62 per cent to close at 57,628.95 as 23 of its stocks ended in the red.

Market updates: People walk past the Bombay Stock Exchange building in Mumbai. (Reuters)
Published on Mar 20, 2023 03:39 PM IST
PTI | | Posted by Shobhit Gupta

Stocks slump as Credit Suisse rescue fails to ease fear of global crisis

Asia gains for S&P 500 futures and European futures reversed as the sun rose in London. S&P 500 futures were last down 1%. European futures dropped 1.2% and FTSE futures fell 1.5%, and investors rushed to price in interest rate cuts.

A view of the Credit Suisse building at Circular Quay in Sydney, Australia.(REUTERS)
Published on Mar 20, 2023 01:54 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Key takeaways from Delhi Economic Survey

Delhi Economic Survey highlights: The survey report said that tax collection of the Delhi government registered a tremendous growth of 36 per cent during 2021-22 (provisional) as compared to the negative growth of 19.53 per cent in 2020-21 (due to COVID-19 pandemic).

Delhi Chief Minister Arvind Kejriwal and State Finance Minister Kailash Gahlot.(PTI/ Representative Image)
Published on Mar 20, 2023 01:32 PM IST
PTI | | Edited by Singh Rahul Sunilkumar

Packages for women homemaker, UPSC aspirants: Highlights of Tamil Nadu budget

Tamil Nadu budget 2023: Finance Minister Palanivel Thiaga Rajan tabled the state budget for 2023-24 financial year in the legislative assembly on Monday. Here is the highlight of schemes announced in the budget.

Tamil Nadu finance minister PTR Palanivel Thiagarajan (PTI/ Representative Image)
Published on Mar 20, 2023 12:42 PM IST

‘Shockingly...we don't have enough planes’: Scindia on easing of leasing rules

The manufacturers are struggling to keep pace with the aircraft demand as the airline traffic is recovering quickly from coronavirus restrictions.

Union Minister for Civil Aviation Jyotiraditya Scindia addresses during the CAPA India Aviation Summit 2023, in New Delhi.(PTI)
Published on Mar 20, 2023 11:42 AM IST
Reuters |
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