Business

January 7, 2015 7:05 AM

Bank unions defer one-day strike called on today

Public sector bank employee unions have deferred their one-day strike which was called on today. United Forum of Bank Unions Convener M V Murali told a news agency that the Bank unions have deferred the strike as the Indian Banks Association improved the wage revision offer. There are 27 public sect...

January 6, 2015 8:43 PM

Trade unions begin 5-day coal industry strike

Trade unions today began a five-day coal industry strike to protest against disinvestment and restructuring of State-run Coal India. The strike can affect coal production of up to 1.5 million tonnes a day and may also hit supplies to power plants which are already grappling with fuel shortages.Accor...

January 6, 2015 8:11 PM

Bank unions defer one-day strike proposed for tomorrow

Public sector bank employee unions have deferred their one-day strike, proposed for tomorrow. United Forum of Bank Unions Convener M V Murali told PTI Bank unions have deferred the strike as Indian Banks Association improved the wage revision offer. There are 27 public sector banks in the country wi...

January 6, 2015 12:57 PM

NTT DoCoMo files arbitration request to sell $1 bn Tata Teleservices stake

NTT DoCoMo has moved the international court for arbitration in London to ensure that the Tata Group finds a buyer for the Japanese telco's 26 per cent stake in their Indian joint venture, Tata Teleservices for at least 1.1 billion dollar. The move has set the stage for a potentially bitter...

January 6, 2015 10:52 AM

Oil prices edge up after 5% plunge; Brent crude also recovers

Oil edged up today, recovering from a 5 per cent plunge in the previous session that saw prices touch fresh five and a half year lows in an oversupplied market. Growth in oil supplies showed no sign of abating, with output in Russia hitting a record high in 2014 and exports from OPEC's seco...

January 5, 2015 8:48 PM

Economist Arvind Panagariya appointed Vice Chairman of NITI Aayog

Economist Arvind Panagariya has been appointed as the Vice Chairman of National Institution for Transforming India, NITI Aayog. Another economist, Bibek Debroy and former Defence Secretary V K Saraswat have been appointed as full-time members. The appointments were made by Prime Minister Narendra Mo...

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