Brent and U.S. West Texas intermediate crude (WTI) futures were both up 0.4% on Monday, paring some gains after rising as much as 1.3% in early Asian trade. Brent was trading 27 cents higher at $74.12 a barrel at 0234 GMT, while WTI was up 28 cents at $69.44 a … Read more
Category: Business and Finance
Nissan investigates claims CEO put deputy Ashwani Gupta under surveillance
Nada said it was an effort to acquire leverage to remove an executive and board member the Nissan chief executive regarded as an obstacle to reaching a new deal with alliance partner Renault. Nissan has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried … Read more
Jio, Airtel see drop in new mobile subscribers in February: Trai data
According to the data, Jio added over 1 million mobile subscribers in February, which was its lowest addition in the last five months. On the other hand, Airtel added 0.98 million subscribers, which is its lowest in the last three months. Telecom operators Reliance Jio and Bharti Airtel have witnessed … Read more
TCS, Infosys, Wipro: How have IT majors fared in terms of variable pay for Q4 FY23
TCS, Infosys, Wipro: The variable pay in IT services companies depends on the company’s overall performance, along with the performance of individual employees. Indian IT services companies announced their Q4 FY 2022-23 results last month, post which they announced variable pay, or performance payouts, to their employees. The variable pay … Read more
State Bank of India keeps its home loan rates unchanged. Here’s how to check your applicable interest rate
SBI’s overnight MCLR rate is 7.90 per cent, while the rate for one-month and three-month tenure is 8.10 per cent. The country’s largest bank, State Bank of India (SBI) has recently tweaked its marginal cost of lending rates (MCLR) even though many banks have revised their lending rates. SBI has kept its … Read more
Govt proposes no hike in third party motor insurance for FY24
According to the draft notification, the third-party premium rates for popular and economic cars remain unchanged at Rs 2,094, and for SUVs, it also remains the same at Rs 7,897. In what could be a relief for vehicle owners, the Ministry of Road Transport and Highways has proposed no hike … Read more
Cabinet approves Rs 89,000 crore revival package for BSNL; authorised capital increased to Rs 2.10 lakh crore
The Cabinet, chaired by Prime Minister Narendra Modi, also granted nod for allotment of 4G/5G spectrum to BSNL. The Union Cabinet on Wednesday approved the third revival package worth over Rs 89,000 crore for the telecom PSU Bharat Sanchar Nigam Limited (BSNL). The total authorised capital of BSNL has been … Read more
HCLTech changes HR policy, some employees to get reduced salaries
Indian IT major HCLTech has recently changed its HR policy related to employee compensation, which has led to reduction in salaries of some employees, Business Today has learned from sources. The Noida-headquartered IT company has changed its policy related to Engagement Performance Bonus. Engagement Performance Bonus is part of the variable pay … Read more
‘Boeing supports Make in India initiative, to play a key role in expansion’
Boeing CEO David L Calhoun met Modi and discussed the importance of Boeing’s eight decades of aerospace partnership with India during the prime minister’s state visit to the US. Boeing CEO David L Calhoun has said his company supports Prime Minister Narendra Modi’s Make in India’ initiative and will play … Read more