Business Today

SBI tells its 70,000 employees to return 'compensation' paid for working overtime during note ban

The 70,000 officers and employees of banks like State Bank of Patiala, State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore and State Bank of Bikaner & Jaipur -- these all merged with the SBI on April 1, 2017 -- got the compensation but now they are being asked to "return the compensation for extra work".

LIC board approves acquiring 51% stake in IDBI Bank through preferential share allotment

Department of Economic Affairs Secretary Subhash Chandra Garg said that since the combined shareholding of both the government and LIC would be over 90 per cent, and that public shareholding is too low, an open offer might not be on the cards.

Airfares may rise as govt mulls imposing a surcharge on peak hour flights: report

At present, the time of the day has no bearing on the landing fees paid by airlines - it is based on the weight of an aircraft.

At least six Indians on list of dormant, unclaimed Swiss bank accounts

While a specific figure for these India-linked accounts is not known, the total holding in all such dormant accounts is estimated at about Swiss Francs (CHF) 44 million (about Rs 300 crore).

People are real owners of their data not companies, says TRAI

According to a survey conducted by a global consulting firm EY, over 70 per cent of Indian respondents see data protection and data privacy compliance as increasing areas of concern while 46 per cent are worried about cyber breach and insider threats.

Tue Jul 17 05:07:03 IST 2018

From The Magazine

Free Fall

The steadily weakening Indian currency brings with it a host of worries