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L&T only Indian firm among 25 companies in Forbes' best employer list
Posted on 17th October 2018
Engineering and construction major Larsen & Toubro (L&T), which is majority owned by its employees, is the only domestic firm to be featured among the top 25 companies in the Forbes’ global 2000 best employers list that is led by Google parent Alphabet.

While L&T is ranked 22, there are only four domestic firms in the top 100 list which include Mahindra & Mahindra at 55, Grasim Industries at 59 and HDFC at 91, and only 24 domestic companies in the overall list, according to the US magazine.


Infosys to pay pending severance package to former CFO Rajiv Bansal
Posted on 17th October 2018
Infosys on Tuesday said it would pay its former chief financial officer Rajiv Bansal the pending severance package amount of Rs 121.7 million as directed by the arbitration tribunal in September this year.

“The company has received the legal advice and will comply with the award and make the necessary payments,” it said in an exchange filing.


Air India, Jet Airways renegotiate GDS contracts to cut distribution costs
Posted on 17th October 2018
Financially-stressed full-service airlines in the country are slashing their sales and distribution costs by renegotiating contracts, but such measures could compromise their market reach.

On Sunday, state-owned Air India selected UK-based Travelport as its exclusive ticket-distribution service provider in the country.


Indian Oil hopes to raise funds under new working capital norms in 20 days
Posted on 16th October 2018
An executive of state-owned Indian Oil Corporation on Tuesday said the company was hoping to raise at least $300 million under the new working capital norms within 20 days from now.

IOC had last week said it would invest Rs 54.63 billion in setting up a city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.


#MeToo: Women journalists demand M J Akbar's dismissal, write to President
Posted on 16th October 2018
A panel of female journalists has written to President Ram Nath Kovind demanding the dismissal of Union Minister M.J. Akbar who has been accused of sexual harassment by a dozen women in the wake of the #MeToo movement.

We are extremely concerned that he continues to be a minister in the Union council of ministers even as he pursues whatever legal course of action he plans.


ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO
Posted on 16th October 2018
Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years.

After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.


Rupee weakens 9 paise to 73.92 against US dollar in early trade
Posted on 16th October 2018
The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.


Good news: Pink Line Delhi Metro to open by Diwali
Posted on 16th October 2018
The Delhi Metro's Pink line will be opened by Diwali, according to various media reports. Pink line for Shiv Vihar-Trilokpuri Metro was scheduled to be opened in August as per a previous plan but then the deadline got extended.

Pink Line Metro will ease connectivity between North East Delhi and South Delhi by connecting Shiv Vihar and Lajpat Nagar.


Rs 15,000 crore in 5 days: Amazon, Flipkart clock record numbers during festive sales
Posted on 16th October 2018
Diwali has come early for e-tailers like Amazon and Flipkart whose Great Indian Festival and Big Billion Days Sales got over recently. With the 5-day long sale fst, both Amazon and Flipkart have amassed a whopping Rs 15,000 crore.

RedSeer Consulting in its report said e-tailers had a better sales performance over the five festive days from October 9-14, generating about Rs 15,000 crore (around USD 2 billion) in sales.


Durga Puja Security Alert: Bangladeshi terrorists planning serial blasts in Bengal, explosives to be supplied from Nepal
Posted on 16th October 2018
Jamaat-ul-Mujahideen, the Bangladeshi terror outfit, is planning to carry out serial blasts during Durga Puja celebration in West Bengal.

According to latest intelligence report, four JMB terrorists have sneaked into West Bengal. Intel inputs suggest that three locations in North Bengal - Jalpaiguri, Coochbehar and Siliguri are under the radar of the JMB terrorists.


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Rupee weakens 9 paise to 73.92 against US dollar in early trade

Rs 15,000 crore in 5 days: Amazon, Flipkart clock record numbers during festive sales

Air India pilots keep flying despite takeoff mishap

ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO

Good news: Pink Line Delhi Metro to open by Diwali

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