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Fake news nets $1.2 mn compensation for NRI businessman
Fri, Aug 24, 2018
Vancouver-based Altaf Nazerali had sued Patrick Byrne, CEO of online retailer Overstock.com, for a campaign of lies aimed to tarnish the reputation of the NRI businessman.
Railways to pay Rs 75,000 to passenger whose seat was occupied by others
Sun, Jun 04, 2017
The state consumer commission has asked the Indian Railways to pay Rs 75,000 to a man for the inconvenience he suffered when his reserved seat was occupied by unauthorised persons for most part of his journey.
"Image of Infosys as Gold Standard of Corporate Governance was nothing but a halo created by Murthy and Company," says Gupta of SES Governance
Mon, Apr 03, 2017
Research and advisory firm Stakeholders Empowerment Services (SES) has questioned Infosys' founder and chairman N R Narayana Murthy's recent comments in his letter over corporate governance,remuneration and equal pay in the letter.
Here's full text of Infosys founder Narayana Murthy's letter to media
Mon, Apr 03, 2017
Find out what Infosys founder and chairman N R Narayana Murthy has said in his letter to the media about the company's COO Pravin Rao`s compensation.
10 lakh bankers go on strike today; will your salary credit be affected?
Tue, Feb 28, 2017
About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.
9 bank unions to observe one-day strike on February 28
Mon, Feb 27, 2017
About nine bank unions of India will go on one-day strike on February 28 this year to protest against the government's anti-people banking reforms.
Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million
Thu, Feb 23, 2017
Snapdeal is likely to sell its payments company FreeCharge for $300 million.
IT companies ganged up to keep freshers' salary low, says former Infosys CFO T V Mohandas Pai
Tue, Feb 21, 2017
Infosys former CFO T V Mohandas Pai has recently said that big Indian IT companies are coming together talking to each other not to increase freshers' salaries which is not a good sign for the Indian IT industry.
Infosys chair R Seshasayee should step down, says former CFO V Balakrishnan
Wed, Feb 15, 2017
Infosys former CFO V Balakrishnan has asked the current chairman R Seshasayee to step down and the company to carry out forensic audi of the severance pay given to former senior management employees.
Tata Steel UK's pensions trustee warns deficit to surge
Fri, Jan 27, 2017
Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.
Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
Goldman Sachs files $1 billion countersuit against Indonesian businessman
Tue, Jan 24, 2017
Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the US bank for conducting what he called "unlawful" trades in the shares of a property firm.
Morgan Stanley lays off bankers, cuts bonuses by about 15%: Sources
Fri, Jan 13, 2017
Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15% because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters.
Coal India declares compensation of Rs 5 lakh to ECL mine accident victims
Fri, Dec 30, 2016
It said, "The accident caused an unfortunate demise of 7 workers, for which the families of deceased will be granted with ex-gratia compensation of Rs 5 lakh in addition to the amount paid under the Workmen's Compensation Act."
Railways double compensation for train accident victims
Tue, Dec 27, 2016
Indian Railways has decided to double the compensation it pays to passengers or their kin if they meet with an accident during a train journey.
Arun Jaitley faces hurdles for launch of GST by April 2017
Sat, Dec 24, 2016
The prospects of introducing a goods and services tax (GST) in India next April, its biggest tax reform, faded on Friday after central and state finance officials postponed talks on how to administer the tax after a two-day meeting.
Volkswagen agrees to fix, buy back more polluting US diesel vehicles
Wed, Dec 21, 2016
Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States (US) as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind it.
Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions
Tue, Dec 20, 2016
Volkswagen AG has agreed to spend up to $2.1 billion Canadian dollars to buy back or fix 105,000 polluting diesels and compensate owners in Canada, the company said Monday.
Centre to compensate states every quarter for GST revenue loss
Sat, Nov 26, 2016
States will receive provisional compensation from Centre for loss of revenue from implementation of Goods and Services Tax (GST) every quarter but the final annual number would be decided after an audit carried out by CAG.
GMR Infrastructure wins case against Maldives govt; awarded $270 million compensation
Thu, Oct 27, 2016
The compensation covers the debt, equity invested in the project along with a return of 17% and also termination payments and legal costs.