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Indian

Air India unions seek forensic audit of PF trusts

”It has come as a shock to all of us unions, many of whom were not involved or aware of the day to day functioning of the Provident Fund trusts of Indian Airlines and Air India that huge losses have been incurred by both trusts, due to questionable investments in companies like ILFS and Dewan Housing, among others, which collapsed,” the unions said in the e-mail, accessed by PTI.

The Forum claims representation of over 10,000 Air India staff members comprising pilots, engineers, cabin crew and ground staff.

International

French Reinsurer SCOR spurns $9.6B acquisition Offer from Insurer Covea

Covea, a French mutual insurer that already has an 8.2 percent stake in SCOR, said Tuesday that it offered to buy the remaining stock for 21 percent more than the company’s previous closing price. SCOR responded that the bid is “fundamentally incompatible” with its strategy of staying independent

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