Tag Archives: No

Don’t panic on that WhatsApp message! No bank is closing down

There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI). Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector ... Read More »

Don’t panic on that WhatsApp message! No bank is closing down

There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI). Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector ... Read More »

TCS to wind up Lucknow operations, company says no job loss

Information technology major Tata Consultancy Services (TCS) has decided to close its operations in Lucknow and shift to Noida after 33 years in Uttar Pradesh’s capital city. The company will shift most of its projects to Noida, close to the national capital, by this December. At least 2,000 employees, of whom 50% are women, are likely to be affected by ... Read More »

No margin pressure on IT industry: Raman Roy

The National Association of Software and Services Companies (Nasscom) has said there is no pressure on margins of IT and BPM (Business Process Management) companies. “It is not true. Actually, the per employee revenue has gone up in the country,” said Nasscom Chairman Raman Roy. He, however, said the companies have begun to spend heavily on retraining employees in newer ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »

There’s no reason for the market to fall apart, expert says

Even if President Donald Trump doesn’t get his agenda enacted, the market can still rise — but what investors should focus on will probably shift, expert David Waddell told CNBC on Monday. “There isn’t any reason for this market to tip into recession, so there’s no reason for it to fall apart,” the CEO of Waddell & Associates said in ... Read More »

Marmite owner Unilever sees no merit in Kraft takeover

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever surging more ... Read More »

ECB’s Villeroy: can’t compare Italy “No” vote to Brexit

Italian voters’ defeat of a referendum on constitutional reforms cannot be compared to Britain’s vote to leave the European Union, European Central Bank policymaker Francois Villeroy de Galhau said on Monday. Policymakers will still look closely at the consequences of Italy’s decision, Villeroy, who is also governor of the Bank of France, said at a seminar in Japan. Villeroy also ... Read More »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the shock exit ... Read More »

Samsung Vietnam says no cuts in jobs this year despite Note 7 woes

Samsung Vietnam will maintain its current staff numbers, the firm said on Wednesday, despite the parent company scrapping its flagship Galaxy Note 7 phone following a series of battery fires. Samsung Electronics, which employs around 110,000 people in Vietnam, finally pulled the plug on the new Note 7 phone on Tuesday, less than two months after its launch, dealing a ... Read More »