State Bank of India (SBI), the country’s largest lender will institute work from anywhere policy to facilitate its staff to work from any location. The bank expects to save Rs 1,000 crore from this measure.
Equity benchmark Sensex plunged 661 points on Tuesday, dragged by losses in financial stocks amid selloff in global markets.
Speaking at the 65th Annual General Meeting (AGM), Chairman Rajnish Kumar said: "The focus while going forward will be on cost reduction, rationalisation, and reskilling of workforce, improving staff productivity, and redeployment of workforce from admin offices to sales roles."
Wipro has no plans to lay off staff at the moment, said Chairman Rishad Premji on Monday asserting that the company has not laid off any employee due to the COVID-19 impact. The Chairman said this while responding to a shareholder at the 74th Annual General Meeting (AGM) which took place virtually.
The IPO comprises a fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 98,22,947 equity shares, according to the draft papers filed with the Securities and Exchange Board of India (Sebi).
Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any future emergencies. Taking health insurance also provides tax benefits as one can get tax deductions while under section 80D.
Biophore has received the DCGI license to manufacture the API in India and has been cleared for export as well. It has also received approval in Turkey in collaboration with a local Turkish partner.
Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May. In fuel and power basket, deflation stood at 13.60 per cent in June, against 19.83 per cent in the previous month.
Casual dining chain Barbeque Nation Hospitality has received markets regulator Sebi's approval to raise about Rs 1,000-1,200 crore through an initial public offering.
Earlier on Monday, HDFC Bank spokesperson said, "We would like to state that the executive concerned who was on an extension of service retired on March 31, 2020 in the normal course of his employment.
In the previous session, the BSE barometer ended 99.36 points, or 0.27 per cent, higher at 36,693.69, and the Nifty closed 34.65 points, or 1.15 per cent, up at 10,802.70.
Tata Consultancy Services (TCS) is planning to hire as many as 40,000 freshers in India campus amid coronavirus crisis which has eaten up into a lot of jobs.
The initial public offer of specialty chemicals manufacturer Rossari Biotech was subscribed 60 per cent on the first day of bidding on Monday. The IPO received bids for 49,30,030 shares against the total issue size of 81,73,530 shares. The initial public offer of specialty chemicals manufacturer Rossari Biotech was subscribed 60 per cent on the first day of bidding on Monday. The IPO received bids for 49,30,030 shares against the total issue size of 81,73,530 shares.
Retail inflation rose by 6.09 percent in June, mainly on account of higher prices of food items, the government data showed on Monday.
The government is looking at launching initial public offering (IPO) of Indian Railway Finance Corp Ltd (IRFC) by the end of the year.
Fitch Ratings on Monday said recovery of non-banking financial institutions (NBFIs) in near-term is not probable as the sector continues to wrestle with the fallout from the COVID-19 pandemic.
Equity benchmark Sensex ended 99 points higher on Monday, led by gains in index-heavyweight Reliance Industries, amid positive global cues.
"One of the challenges of this moment is that we can’t visit the people we love, or the places we call home. During this time, the ability to be online has been a lifeline to so many of us: whether you’re a small business trying to stay afloat…a parent looking for updates on how to keep your family healthy.." Sundar Pichai said.
Google CEO Sundar Pichai has announced a $10 billion digitization fund for India's digital economy. Pichai's announcement came after his mmeting with Prime Minister Narendra Modi on Monday where he discussed issues such as leveraging the power of technology to transform the lives of India's farmers and youth.
Glenmark Pharmaceuticals had launched FabiFlu last month at a price of Rs 103 per tablet. In a regulatory filing Glenmark announced a price reduction of 27 per cent for FabiFlu. The new maximum retail price (MRP) is Rs 75 per tab, it said.
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