Category Archives: Economy

SWISS Bank: Indian funds raised by 50% to over Rs.7000 crores

Zurich-based Swiss National Bank (SNB) released the latest data after the implement of new framework for automatic exchange of information between Switzerland and India to track the black money menace. According to the data reports shared, Indian funds in Swiss Bank rose by 50% to over Rs.7000 crores in 2017 after three year downward trend […]

Indian Rupees weakens a record low against US Dollars

The Indian rupee hits all time record-low against the US dollar on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency. At the interbank foreign exchange market, the rupee earlier opened at 68.87 per dollar against 68.61 and dropped to 69.10 in morning trading deals, falling 49 […]

7th Pay Commission: Modi Government announces no more overtime

As per the new statement released by the Central Government regarding 7th Pay Commission, now no government staff will be paid overtime. However, operational staff members are excluded from the case. Operational staff members are non-ministerial non-gazetted employees who are responsible to take care of infrastructure and logistics in office. The employees are governed under […]

Bank default ‘poster boy’ Vijay Mallya ready to settle dues

NEW DELHI: Fugitive liquor baron Vijay Mallya today said he has become the “Poster Boy” of bank default and a lightning rod of public anger, and there’s nothing he could do “if politically motivated extraneous factors interfere” with his efforts to settle the dues. Speaking after “two years of silence” over the controversy surrounding him […]

Wipro CEO’s pay hikes to 34.5% to Rs.18 crores in FY 18

BENGALURU: According to the annual reports, Wipro CEO Abidali Neemuchwala’s pay hikes by 34.5% to Rs.18.2 crores in Financial Year 2017-18. Wipro’s Chief Strategy Officer Rishad Premji’s compensation also raised by 250% to Rs.5.9 crores. Wipro’s Executive Chairman and Managing Director Azim H. Premji got his remuneration hike by 10.13 per cent to Rs. 87 […]

Patanjali Mega Job Offer: Ramdev Baba announces 50000 posts across India

In a recent advertisement released by Patanjali on Wednesday, Ramdev Baba announces mega recruitment opportunity across India. Patanjali Ayurveda, the Indian Conglomerate, organizes a mega recruitment drive to hire more than 50000 people from different parts of India. It is a great opportunity for both freshers and experienced candidates to pursue their career with Patanjali […]

Diesel Scandal: Audi CEO, Rupert Stadler arrested in Germany

On Monday, CEO of Volkswagen’s luxury arm Audi was arrested in Germany for the German carmaker’s emissions test cheating scandal. The most senior company official so far has been taken into custody of Germany Police. Munich prosecutors said Rupert Stadler was being taken into custody due to possibilities he might obstruct an ongoing investigation into the […]

Facebook’s tracking tools blocked by Apple

After data leak controversy of Facebook, Apple has taken a step further to swipe Facebook’s data collection business model. Towards the end of a two-hour developer keynote at its Worldwide Developer Conference (WWDC), senior vice president of software Craig Federighi, proudly sent a quiet panic going through the adtech industry: he announced the next version of […]

ICICI Bank hunts for a new Chairman, Bank of Baroda’s MD Mallya approached

After allegations made against ICICI CEO Chanda Kochhar for allegedly providing loans to benefit family member, ICICI bank is now hunting for a new Chairman to pull the bank out of the mess. Expert banker and ex-Chairman and managing director of Bank of Baroda MD Mallya is expected to replace Mr. Sharma, two people aware […]

Government to merge 4 public sector banks

Rising bad debts and liabilities has led to a cause of concern for Central Government, realizing them to consider a plan to merge 4 public sector banks namely, IDBI Bank Ltd., Oriental Bank of Commerce, Bank of Baroda, and Central Bank of India. This move of the government will aid banks suffering from high non-performing […]