BENGALURÚ: BharatPe business payments startup and financial services company Centrum Grupo has submitted a joint expression of interest (EoI) to the Reserve Bank of India (RBI) to take over the Punjab and Maharashtra Cooperative (PMC) Bank, a source familiar with the matter. Centrum Group is co-promoted by Jaspal Bindra, a …
Read More »
NEW DELHI: Treasury on Sunday five states, including Tamil Nadu and Telangana, they have been allowed to borrow an additional 16,728 crore following the completion of the reforms stipulated for ‘The ease of doing business‘. Andhra Pradesh, Karnataka and Madhya Pradesh are the other states that have been allowed to …
Read More »
NEW DELHI: Air India’s privatization may extend into the next fiscal year as the divestment process is unlikely to be completed in the remaining just over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and based in the US. Interups Inc fund they were among “multiple” entities …
Read More »
NY: Nehal modi, the younger brother of fugitive diamantaire Nirav Modi, has been charged here with fraudulently obtaining diamonds by value more than $ 2.6 million from one of the largest diamond companies in Manhattan. Nehal, 41, is charged with New York Supreme Court First-degree grand larceny indictment, Manhattan District …
Read More »
BENGALURU: Apple put its contract manufacturer Wistron on probation on Saturday, while the latter fired a senior official, a week after large-scale violence and destruction of company property by employees in his Narasapura facility near Bengaluru. Apple said in a statement that it was very disappointed with what happened and …
Read More »
BENGALURU: Apple and its Taiwanese contract manufacturer Wistron issued separate statements on Saturday acknowledging that there were lapses in payments to workers at its Narasapura facility near Bengaluru in October and November. The facility, which employs 12,000 people, suffered large-scale violence and destruction of company assets last Saturday. Apple said …
Read More »
NEW DELHI: Union Finance Minister, Nirmala Sitharaman on Saturday he celebrated his ninth pre-budget consults with captains of industry, services, and commerce regarding the next budget of the Union 2021-22. Apart from Sitharaman, finance secretary AB Pandey, TV expense secretary Somanathan, DEA Secretary Tarun Bajaj and Chief Economic Advisor KV …
Read More »
BENGALURU / NEW DELHI: Apple supplier WistronThe Karnataka factory was unable to cope with the rapidly increasing workforce and violated several laws, a government inspection revealed following violence at the site last weekend. Several thousand subcontracted workers At Wistron he was enraged by alleged non-payment of wages that destroyed property, …
Read More »
NEW DELHI: Pan-global ‘vaccine optimism’ and inflow of foreign funds (more than Rs 1.5 million lakh crore since January) continue to drive benchmark BSE sensex to new highs, with the index breaking the 47,000 mark on Friday. The gain came even as the Covid-hit economy entered a technical recession, with …
Read More »
NEW DELHI: Prime Minister Narendra Modi on Saturday he sold hard to his government reforms ranging from manufacturing to taxes to labor, saying they have changed the world’s perception of the country from ‘why India’ to ‘why not India’ and continued to cite record foreign investment during the pandemic as …
Read More »