A home away from home

STATE BANK OF INDIA LURES CUSTOMERS WITH MORTGAGE OFFERS By AMIT ROY INDIANS in Britain are being asked to consider buying property in their homeland using mortgages from a lead­ing bank as the State Bank of India (SBI) is making a number of changes to its operations in the UK. SBI chairman Arundhati Bhattacharya said […]

Cleartrip, SpiceJet partner with Google Flights

Recently Cleartrip and SpiceJet have announced a partnership with Google Flights. This partnership will make it simpler for consumers to view flight schedules and fares right within the Google Flight search page. This addition will help decrease the time for consumers to access information and book tickets. Balu Ramachandran, Head of Air and Distribution of […]

Yes Bank reduces workforce by nearly 2500, cites ‘redundancies’

Private lender Yes Bank has gone in for “rationalisation” of workforce to address certain “redundancies”, the company has said.  According to reports, the bank has reduced its workforce by nearly 2,500 on account of digitization and automation. Although Yes Bank did not put a specific number, it said digital transformation has created certain redundancies requiring rationalisation of workforce. “With […]

Habib Bank kicked out of US

PAKISTAN FIRM’S NEW YORK OFFICE CLOSED AFTER FINANCE CONCERNS BANKING regulators in the US ordered Pakistan’s Habib Bank to shut its New York office after nearly 40 years, for repeatedly failing to heed concerns over possible terrorist financing and money laundering, officials said last Thursday (7). Habib, Pakistan’s largest private bank, neglected to watch for compliance […]

Bank denies tea pickers’ claim

GROUP REJECTS ALLEGATIONS OF POOR CONDITIONS BY CHARITIES THE World Bank group defended the treatment of tea pickers at an Indian project it funds with the multination­al Tata Global Beverages, dismissing criticism that thousands of workers were living in poor conditions. Four charities said little progress had been made to protect workers at India’s second largest […]

JLR warns of Brexit backlash

UK CARMAKER SAYS SUPPLIERS ARE LESS WILLING TO COMMIT Land Rover has said it is starting to feel the first effects of Brexit, with EU citizens demanding improved con­tracts and international suppliers less willing to commit to the country. Britain’s thriving car industry had warned ahead of last year’s EU referen­dum that supply chains could be […]