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HMT Watches to shut down 11 September 2014
India's iconic wristwatch brand HMT Watches will soon shut down as the losses are piling up. The company's net loss rose to 242 crores in 2012-13 from 224 crores in 2011-12. Since 2000 HMT Watches are running losses and despite...
Keywords: HMT Chinar Watches, Board for Reconstruction of Public Sector Enterprises, HMT Watches, HMT Chinar Watches
Read MoreNew Pension System to retired employees 31 March 2012
NPS has also been extended to autonomous bodies, State Governments and un-organised sector. The employees working in Central Public Sector Enterprises (CPSEs) are not covered mandatorily under NPS. Minister of State for Finance, Namo Narain Meena said the Lok Sabha...
Keywords: New Pension System, New Pension System, Central Public Sector Enterprises, State Governments Minister of State for Finance
Read MoreBanking blues! 23 August 2012
The bank unions' strike, which has entered its second day today, has put a halt to several banking activities including cheque clearances and fund transfers. The All India Bank Employees' Association, which called for a strike against reforms in the...
Keywords: bank strike, cheque clearances, All India Bank Employees' Association, cheque clearances
Read MoreForeign Banks Cannot Go Beyond Regional Banks 18 October 2013
The RBI Governor Raghuram Rajan's announcement to make path for the foreign banks to enter Indian Banking Market and also allowing them to take over Indian Banks gave room to speculations in Indian markets. But if one comes to...
Keywords: Foreign banks taking over, Nationalized banks, Foreign banks taking over, Kotak Mahindra Bank
Read MoreBank Employees to go on four-day strike 19 January 2015
The Public sector bank employees have called for four day strike from January 21, demanding the revision of long pending wages issue. Earlier, the employees planned to hold a one day strike on January 7th but was taken back as...
Keywords: Public sector Bank, banks employees strike, Indian Banks Association, banks employees strike
Read More5 day week in Saudi from 2012 for private sector 10 May 2012
The private sector in Saudi Arabia is going to accomplish five day working week very soon. It will be in enforcement from 2013 says a Labor Ministry official to Al Sharq, local Arabic daily. According to the daily, the study...
Keywords: Gulf, Public Sector, employees, Private Sector
Read MoreBanks Hint Strike On Tuesday Against Mergers? 21 August 2017
Banks Hint Strike On Tuesday Against Mergers?:- Besides raising a host of other demands, the services at public sector banks may take a hit on Tuesday. This move of the public sector banks comes in, as all unions under the...
Keywords: Banks, Consolidation, Bank Strike, Banking Sector
Read MorePSU banks' two-day strike begins 22 August 2012
On Wednesday, Bank Employers began a strike all over India which would last for two days protesting against the changes that were made to ease mergers. This would allow more private capital and foreign investment into banking. The strike is...
Keywords: Banking laws, public sector banks., Asia, Parliament
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