Microsoft to cut 18,000 jobs across organisation
India will be affected by Microsoft’s decision to cut up to 18,000 jobs, or nearly 15 per cent of the software giant’s workforce, according to people with direct knowledge of the matter. While various accounts placed the number of job cuts in the company’s India workforce at around 100-150, a... read more »
RBI sets Rs.100 cr floor capital for payments, small banks
The Reserve Bank of India (RBI) has set a minimum paid-up capital of Rs.100 crore for those who wish to set up payments and small banks. Releasing the draft guidelines for licensing of these banks, the RBI has said that the promoters will have to have an initial minimum capital of at least 40 per... read more »
Brinda condemns rape of Bangalore school girl
Condemning the grisly act against a six-year-old girl in a school in Bangalore, CPI(M) leader Brinda Karat on Thursday said concern for female safety continued in the country. “It’s a horrendous and condemnable act,” Ms. Karat said here, reacting to the alleged rape of the little girl at a... read more »
SC/ST Amendment bill sent to standing committee
A Bill that makes it a punishable offence for public servants to “wilfully neglect” duties on matters relating to atrocities against Scheduled Castes and Tribes was referred to a Standing Committee by the Lok Sabha amid strong objections by the Congress that wanted the Bill to be taken up... read more »
