TOP STORIES

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Staffing cos, unions pitch for raising wage limit

NEW DELHI: Staffing firms and trade unions have urged the Indian labour ministry to revise upward the wage ceiling for women employees the government would reimburse for seven weeks of maternity leave. Currently the ministry has proposed to reimburse maternity leave for women earning Rs 15,000 per month, a move that will cost government Rs 400 crore annually.There have been several instances of retrenchment of women employees or clamping down on women employment by firms afraid of a bloating salary bill after the government extended the period of maternity leave...
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Jio shows telcos again who’s the boss

NEW DELHI: All telecom operators, except Reliance Jio, failed to meet call drop benchmark in drive test conducted by sector regulator Trai on different highway and rail routes, a report published on Thursday said.The Telecom Regulatory Authority of India said that independent drive tests through its appointed agency was conducted on eight highways and three rail routes.Either 3G or 2G network of Bharti Airtel, Vodafone Idea and state-run BSNL failed to meet call drop benchmark on four highway routes and all the three railway routes.Reliance Jio name did not appear...
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BigBasket records sales of over Rs 2,000 crore

MUMBAI: BigBasket, India’s largest online grocer, said it crossed Rs 2,000 crore in sales and almost doubled the number of customers in the year ended March, indicating a growing preference for online grocery-shopping in the country.“We hope to clock Rs 3,500 crore in the current fiscal and invested heavily on marketing, analytics and creating infrastructure to help maintain our focus on customer experience,” said Hari Menon, founder of the company, which raised $300 million from Alibaba earlier this year.BigBasket had previously raised funds from investors such as Sands Capital, International...
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Dharmendra Pradhan meets Saudi Energy Minister; discusses global oil market

The Minister underlined India’s concerns on the volatility of the crude price to his Saudi counterpart. The Saudis appreciated India’s concern for responsible pricing and assured India of all assistance in times of need. The Saudi Minister in turn assured reliability in supplies and to take care of any short fall. The mega refinery in Maharashtra which is being made with the investment of UAE and Saudi Arabia was also discussed by the two sides. The meeting was also attended by Ambassador Navdeep Suri, Sanjiv Singh , Chairman IOCL ,...
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T-Series, a record label in India, rules YouTube

By Andrew R. ChowTaylor Swift and Ed Sheeran have each racked up more than 15 billion views on YouTube. Justin Bieber beats them both, with 18 billion views.But none of those megastars comes close to T-Series.Although not widely known in the United States, T-Series, an Indian music label and film production company, has the most watched YouTube channel in the world. Its videos have been seen 53 billion times. The channel gains more than 100,000 subscribers a day and is about to pass the controversial personality PewDiePie to become the...
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Sri Lankan SC adjourns hearing till tomorrow on petitions against dissolution of Parliament

The court was adjourned on Monday after Attorney General, appearing for the government, sought more time for his submissions. Several political parties in opposition and civil society organizations filed petitions today against the dissolution terming it as unconstitutional. The petitioners said the President has no power to dissolve the parliament under the 19th amendment of the constitution and requested the apex court to issue an order to suspend the upcoming general election until the verdict on the hearing is passed. Interestingly, one of the three election commissioners was also among...
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PM Modi addresses rally in Bilaspur

 Addressing a poll rally here ahead of the second phase polling in the state on November 20, PM Modi also made a strong pitch for development, saying the pace of development under the Congress regime in the state was "far slow" than the one under the BJP-led government. Prime Minister Modi asserted the BJP was for development and that it was due to this commitment that the opposition was unable to understand how to compete with ruling party in elections. ...
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Behind Tata’s Jet love, a govt’s bid to escape embarrassment

By Anurag Kotoky and Bhuma ShrivastavaIndian Prime Minister Narendra Modi’s government has sought Tata Sons Ltd.’s help to rescue struggling Jet Airways India Ltd., people familiar with the matter said.Tata Sons is in talks with the government about a potential haircut to state-run banks on Jet’s loans while Airports Authority of India may forego some of its dues, one of the people said, asking not to be identified as the discussions are private. The Tata Sons’ board is due to deliberate on the matter on Friday, the people said.Tata spokesman...
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