Business
October 17, 2024
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Meta fires staff for buying toothpaste, not lunch

Workers at Meta have reportedly been sacked for abusing the tech firm’s meal voucher system, such as using it to buy toothpaste and washing powder. Other breaches of the policy included sharing the vouchers with others or going over budget, according to people who said they work at Meta. There are differing accounts over how […]

Business
October 17, 2024
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RBI Takes Action Against 4 NBFCs Over Excessive Interest Rates, Non-Compliance With Financial Regulations On Loans

New Delhi: The Reserve Bank of India (RBI) has directed four non-banking financial companies (NBFCs), including two microfinance institutions (MFIs), to halt the sanction and disbursal of new loans starting on concerns over their excessive interest rates and non-compliance with established financial regulations. According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited […]

Business
October 17, 2024
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This SUV Tops Bharat NCAP Safety Crash Tests – Check Out Ratings

Tata Nexon Bharat NCAP Safety Ratings: The Tata Nexon has earned a 5-star safety rating for both, the Adult and Child Occupant Protection categories in the Bharat NCAP crash tests. The SUV was expected to perform well in the Bharat NCAP tests, as it was the first Indian car to get a 5-star rating in […]

Business
October 17, 2024
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RBI Bars Asirvad Micro Finance, DMI Finance, 2 Others from Loan Sanction, Disbursal

The RBI says it has been sensitising companies through various channels on the need to use their regulatory freedom responsibly and ensure fair, reasonable and transparent pricing. This action is based on material supervisory concerns observed in the Pricing Policy of these companies and the interest spread charged over their cost of funds, which are […]

Business
October 17, 2024
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Central Bank of India Q2 Results: Profit Surges 51% to Rs 913 Crore

Central Bank of India earned an interest income of Rs 8,203 crore during the quarter, compared to Rs 7,351 crore in the year-ago quarter. Central Bank of India’s total income increases to Rs 9,849 crore during the September 2024 quarter, as against Rs 8,412 crore in the same period last year. State-owned Central Bank of […]

Business
October 17, 2024
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Infosys Q2 results: India’s 2nd largest IT services company reports 5% YoY rise in profit; announces Rs 21 per share interim dividend

The board of Infosys has declared an interim dividend of Rs 21 per share. Infosys Q2 results: Infosys, India’s second-largest software exporter, announced a 5% increase in its consolidated net profit for the second quarter, reaching Rs 6,506 crore compared to Rs 6,212 crore in the same period last year. The company has also revised […]

Business
October 17, 2024
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Ministers complain to Starmer over spending cuts

Several cabinet ministers have written to the prime minister and the Treasury two weeks ahead of the Budget, to voice concerns over the scale of cuts their departments may face. Anticipation is growing over which taxes the chancellor will raise in the Budget on 30 October. But there are fears that steep spending cuts will […]