[ad_1] (Bloomberg) — The Air India jetliner that crashed on June 12 was doomed almost immediately upon taking off, after both engines lost fuel supply and the pilots ran out of time to regain control and avert catastrophe. A preliminary 15-page report filed on July 11 provided the first detailed account of the fateful 32 … Read more
[ad_1] (Bloomberg) — Bank of England Governor Andrew Bailey has warned the world’s largest banks against issuing their own stablecoins, setting up a potential clash with President Donald Trump’s administration and its backing of the digital assets. Speaking in an interview with the Times newspaper, Bailey said he “would much rather” banks offer digital versions … Read more
[ad_1] TCS salary hike: India’s largest IT company, Tata Consultancy Services (TCS), has said that their ‘priority’ focus is delivering wage hikes for its over 6 lakh workforce. “My priority is getting back to the wage hike,” said Chief Financial Officer (CFO) Samir Seksaria without specifying a deadline for the salary hike for its employees. … Read more
[ad_1] Mumbai: Five months after Dabur India Ltd chairman Mohit Burman took control of Religare Enterprises Ltd, a proxy advisory firm has sought an update on the issue of recovering shares of a subsidiary worth ₹480 Crore from Former Religare Chair Rashmi Saluja. On Sunday, InGovern Research Services issued a note asking that Religare and … Read more
[ad_1] So, why is a company looking to sell satellite data to clients setting up an assembly line? Sharma says the decision was driven by the increasing interest over approximately the past six months from governments around the world to source their own space defence and surveillance infrastructure. Once a practically non-existent sector, space-based defence … Read more
[ad_1] Robbins, who was raised in Georgia, shared the example of Jeetu Patel, the company’s president and chief product officer, who grew up in India, and said their different life experiences mean they think differently, and diversity of thought often leads to great ideas, which is just the “power of diversity”. For Chuck, it’s not … Read more
[ad_1] In a development that has again raised red flags over United States President Donald Trump’s conflict of interest in the cryptocurrency space, Bloomberg reported that Binance aided in the creation and promotion of the USD1 token for World Liberty Financial, before its founder sought pardon. According to sources cited by Bloomberg, the world’s largest … Read more
[ad_1] (Bloomberg) — Amazon.com Inc. mounted a “lengthy and pervasive anti-union campaign” at a warehouse in western Canada and hired an excessive number of workers to dilute support for a union, according to a Canadian labor board. The British Columbia Labour Relations Board found that Amazon Canada Fulfillment Services ULC violated provincial labor laws by … Read more
[ad_1] Chennai, Jul 12 (PTI) Public sector Indian Overseas Bank must have a Vision for 2047 aligning with India’s growth aspirations, M Nagaraju, Secretary, Department of Financial Services, Union Ministry of Finance, said. He urged the city-headquartered bank to continue serving the evolving needs of its customers with ‘innovation and integrity.’ Launching some of the … Read more
[ad_1] (Bloomberg) — Credit rating downgrades are becoming more frequent, the latest sign that companies are starting to perform worse and raising fresh questions about whether corporate debt valuations should be as high as they are. In the second quarter, around $94 billion of high-grade US debt was downgraded, compared with just $78 billion of … Read more
