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Arbitration agreements can be binding on non-signatory firms under ‘group of companies’ doctrine: SC
“Requirement of a written arbitration agreement does not mean that...
Auto retail sales soar to record high in Nov aided by highest passenger vehicle, two-wheeler offtakes
''November '23 has become a historic month for the Indian auto...
Covid-19: 2 new cases detected in New Delhi and Telengana
The person from Delhi has a travel history from Italy while the one from Telengana has travel hiostory from Dubai.Both the patients are stable and being cloely monitored.
Trump imposes travel restrictions, state of emergency after first coronavirus death in US
Washington governor Governor Jay Inslee today declared a state of emergency in response to new cases of COVID-19, directing state agencies to use all resources necessary to prepare for and respond to the outbreak
Labour ministry keen to retain 8.65% interest rate on EPF deposits for FY20
The labour ministry requires the finance ministry’s concurrence to provide a rate of interest on EPF deposits in a fiscal year. Since the Government of India is the guarantor, finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.
India Inc gradually shifting to recruiting firms for quality talent: Study
“The main reason behind companies shifting gradually to recruiting companies is because these firms are cutting down their work and time by screening and selecting relevant and quality talent,” Aditya Narayan Mishra of CIEL HR Services said.
Auto majors see falling sales in Feb
-The country’s largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.1 per cent decline in sales at 1,47,110 units in February.Hyundai Motor India Ltd (HMIL) also reported a 10.3 per cent decline in total sales at 48,910 units while Mahindra and Mahindra (M&M) recorded a 42 per cent decline in total sales at 32,476 units in the same month.
-However, major automobile manufacturers Maruti Suzuki, Hyundai and Toyota Kirloskar Motor do not see any immediate impact on their production schedules due to disruption in supply of components from plants located in coronavirus-hit China.
Bill to avert PMC Bank-like crisis may get Parliament nod in Budget session
To further bolster the confidence of customers, the government has increased deposit insurance cover by five-fold to Rs 5 lakh to ensure security of public money in banks.
Coronavirus time bomb: America’s uninsured and brutal work culture
-The number of Americans without health insurance began falling from a high of 46.7 million in 2010 following the passage of Obamacare (the Affordable Care Act), but has risen again over the past two years.
-The current figure is about 8.5 percent of the population.
Use of non-derivative financial instruments to insurance contracts with direct participation features now allowed:IASB
Ralph Ovsec, Senior Director, Insurance Consulting and Technology, at Willis Towers Watson, said: “All stakeholders will welcome the conclusion of deliberations on changes to IFRS 17, even if some of the decisions reached do not reflect the wishes of some in the industry. With regard to the determination of the acquisition date of reinsurance contracts, ceding companies should be mindful in assessing potential unintended consequences related to the ability to take reinsurance relief on onerous contracts offered by reinsurance.
FPIs Invest Rs 6,554 Crore In Indian Capital Markets In February
On a positive note, the data, however, showed that FPIs have been net buyers in the Indian markets since September 2019. Like other global markets, the Indian markets too came in the line of fire by the coronavirus scare. FPIs have been wary of investing in markets which rely on tourism as the spread of virus can adversely impact their prospects and economic growth.
Punjab to reduce govt employees retirement age to 58 yrs
“The retirement age of government employees has been reduced from 60 to 58 years. With this, we will be able to provide employment to three to four times the number of people who retire. We will also be able to get more talented pool of young people to serve Punjab, Badal said while addressing media later.