Wednesday , 23 January 2019
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Jaguar Land Rover to cut 5,000 UK jobs: report

AGENCIES   LONDON Jaguar Land Rover is set to announce up to 5,000 job cuts on Thursday, the BBC reported, after being buffeted by slumping sales in China and concerns over Brexit. The iconic British carmaker, which is owned by India’s Tata Motors and employs more than 40,000 people in Britain, could not immediately be reached for comment when contacted ... Read More »

Violent protests, rail blockades mar day 2 of Bharat bandh

PTI   NEW DELHI Sporadic incidents of violence in West Bengal and Kerala and rail blockades in certain states were witnessed on Wednesday on the second day of Bharat Bandh, which also saw a partial disruption of banking and insurance services across the country. Other sectors like mining, road transport, power supply too bore the brunt of strike call given ... Read More »

Apple CEO Tim Cook took home 15.7 mn dollars in 2018

IANS   SAN FRANCISCO Riding on a robust growth last year, Apple CEO Tim Cook earned a compensation package of $15.7 million — including $12 million in bonus that means nearly $33,000 a day. The package included $3 million in base salary, $12 million in incentives awarded for performance and another $682,000 as “Other Compensation” (like personal security services and ... Read More »

Cheques valued over Rs 20,000 crore not cleared due to strike

IANS   CHENNAI Clearance of cheques valued over Rs 20,000 crore was affected by the bank strike that continued for the second day on Wednesday, said the All India Bank Employees’ Association (AIBEA) — a leading union in the banking sector. The central trade unions in the country striked the work for two days — January 8 and 9 — ... Read More »

Indian jobseekers prefer Canada, UK for work: study

UNI   HYDERABAD Countries like Canada and UK have gained in popularity amongst international jobseekers with Indians preferring to work there, World’s No 1 job site Indeed India in its study report said here on Wednesday. While there has been a substantial fall in the share of searches for jobs in the United States, presumably owing to its immigration policies, ... Read More »

Modi, Trump talk over phone, discuss trade deficit, defence

PTI   NEW DELHI Prime Minister Narendra Modi and President Donald Trump have discussed the contentious issue of the US’ trade deficit with India and increasing their cooperation in war-torn Afghanistan during a telephonic conversation. During the conversation on Monday evening, the two leaders exchanged new year greetings and expressed satisfaction at the continued growth of the India-US strategic partnership ... Read More »

No liquidity shortage at the moment: RBI Governor

NEW DELHI Reserve Bank Governor Shaktikanta Das on Monday said the Central bank will take steps if there is a shortage of liquidity in the economy though the current cash needs are largely met. The Governor also said that he will be meeting with representatives of non-banking finance companies (NBFCs) on Tuesday in Mumbai to understand the liquidity crunch faced ... Read More »

Central Trade Unions to go on 2-day nationwide strike from today

PTI   NEW DELHI Central Trade Unions Monday said around 20 crore workers will go on a 2-day Nationwide strike from Tuesday to protest against the government’s alleged anti-worker policies and unilateral labour reforms.      “As many as 10 Central Trade Unions (CTUs) have joined hands to go on a 2-day nationwide strike from Tuesday. We expect 20 crore workers to ... Read More »

Cane dues: UP plans to extend Rs 4,000 cr soft loan to sugar mills

PTI   NEW DELHI Ahead of the 2019 general elections, Bharatiya Janata Party-ruled Uttar Pradesh plans to extend Rs 4,000 crore of soft loan to sugar mills to help them clear sugarcane farmers’ dues, which stand at about Rs 4,700 crore currently. The state government provided a soft loan worth Rs 4,000 crore in the last season (October-September) when the ... Read More »

15 airlines bid for 111 routes in third round of UDAN scheme auction

PTI NEW DELHI The Central government has received bids for 111 routes from 15 airlines under the third round of auction for the UDAN scheme, a senior Civil Aviation Ministry official said Monday. The Ude Desh ka Aam Nagrik (UDAN) scheme is a subsidised low fare initiative to connect small cities and to help more people fly. “There were 15 ... Read More »