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Category: Archive: Business
Commerzbank says to cut 9,600 jobs by 2020

Commerzbank says to cut 9,600 jobs by 2020

Frankfurt: Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring. The Frankfurt-based firm added that the $1.23-billion plan, still to be agreed at a supervisory board meeting on Friday, would see it report a loss in the third quarter […]

Last date for filing income tax returns extended to August 5

Last date for filing income tax returns extended to August 5

Punjab Update Bureau New Delhi, July 29: The last date for filing income tax returns  for 2015-16 has been extended to August 5 from the earlierJuly 31. An official spokesperson said this had been done in view of the strike by the publ;ic sector bank employees. However, in case of Jammu and Kashmir, this date […]

Government allows state-run GIs to sell PM's crop insurance schemes

Government allows state-run GIs to sell PM's crop insurance schemes

Mumbai: Government has now allowed all the four public sector general insurers to participate in its ambitious farm insurance schemes -- the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Unified Package Insurance Scheme -- with potential of over USD 2.5 billion in premium collection. The government had kicked off the scheme on June 1 without […]

IIM-A graduates enraged as Flipkart offers 'peanuts' for delayed hiring

IIM-A graduates enraged as Flipkart offers 'peanuts' for delayed hiring

New Delhi: Days after promising jobs to the Indian Institute of Management graduates, online giant Flipkart sent an e-mail to the institute mentioning that students who were promised jobs starting June cannot begin to work till December. In an email to IIM-Ahmedabad sent on Wednesday, Flipkart wrote that it is in the middle of a […]

What’s better — Joint-term insurance plan or buying individual plans for couples?

What’s better — Joint-term insurance plan or buying individual plans for couples?

Mumbai: Term insurance is a plan that promises to financially secure your dependants if anything was to happen to you. With rising costs, today most of the families fall under double income homes wherein the husband and wife are both in a job and earn money to support the family financially. Thus, was felt the […]

Only 7 per cent of India's B-school graduates employable: Study

Only 7 per cent of India's B-school graduates employable: Study

New Delhi: Barring a handful of top business schools like the IIMs, most B-schools in the country are producing sub-par graduates who are largely un-employable and therefore earning less than Rs 10,000 a month, if at all they find a job, a report has pointed out. The report blames the lack of quality control and […]

SBI to check credit history for jobs

SBI to check credit history for jobs

Hyderabad: If you want to apply for a job at State Bank of India, you should not have defaulted on loans or credit card payment. SBI, which is in the process of recruiting Junior Associates (Customer Support & Sales) and Junior Agricultural Associates in clerical cadre, has stipulated that candidates with poor credit record will […]

More banking reforms on the anvil: Jaitley

More banking reforms on the anvil: Jaitley

Mumbai, Hinting at more reforms for banking sector, Union finance minster Arun Jaitley today said that the sector is not ripe for government to move out completely from public sector banks. The thrust is on running PSBs with competent professionals on board, he said elaborating on the role of political executive. Jaitley in his interaction […]

Gold price skyrockets, inches closer to Rs 30,000-mark

Gold price skyrockets, inches closer to Rs 30,000-mark

New Delhi: Gold skyrocketed to Rs 29,650 per ten grams Friday by adding Rs 850, largely in tandem with a firming trend overseas. Now, the yellow metal has gained Rs 2,600 in the eleven straight sessions, its longest winning streak this year. In addition, sustained buying by jewellers to meet the ongoing wedding season demand […]

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