BP’s Former Chairman, Albert Manifold, Disputes How Company Characterized His Dismissal
Albert Manifold, who was abruptly fired less than a year after he was appointed, said he was let go “without explanation.” Source link
Business
Read More
Moody’s flags higher risks for Indian banks from Middle East crisis as oil prices stay elevated
Amid the ongoing stalemate over US-Iran deal, credit rating agency Moody’s Ratings on Wednesday said Indian banks are among the more exposed lenders in the Asia-Pacific region to risks arising from the ongoing Middle East crisis because of India’s heavy dependence on energy imports from the region, PTI reported.The ratings agency said sustained high oil…
‘60 Minutes’ Journalist Who Accused CBS of Political Meddling Loses Her Deal
Sharyn Alfonsi, whose segment on a brutal Salvadoran prison was pulled abruptly in December, said that CBS News and its top editor, Bari Weiss, had let her contract expire. Source link
Sensex bleeding, gold volatile amid US-Iran war: Time to opt for good old FDs? Pros & cons of fixed income assets
Every crisis reminds us that markets can swing like a pendulum between greed and fear. (AI image) Sensex and Nifty are in deep red. Gold, the favourite safe haven asset for investors, is seeing huge volatility. The US-Iran conflict has hit investment portfolios of Indians who are now left wondering: where is their money safe?…
Ferrari’s First Electric Car Runs Into Backlash in Italy and Beyond
Memes mocked the new model, analysts questioned its appeal and investors sold the automaker’s stock. A former Ferrari chairman warned of “the destruction of a legend.” Source link
Finance ministry to review PSU banks’ lending to agriculture and MSMEs on May 29
The finance ministry has called a meeting of heads of public sector banks (PSBs) on May 29 to review credit flow to the agriculture and MSME sectors, financial performance and banking operations amid the ongoing Middle East crisis, PTI reported.The meeting will be chaired by Financial Services Secretary M Nagaraju, a day before his retirement.According…
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall. Source link
8th Pay Commission: Railway staff body seeks different fitment factors; here are their recommendations on salary hike
The Indian Railway Technical Supervisors’ Association (IRTSA) has proposed a separate fitment-factor structure for different categories of employees under the 8th Pay Commission, moving away from the uniform formula followed in previous pay revisions, according to an ET report.The railway technical staff body has suggested five different fitment factors ranging from 2.92 to 4.38 across…
Why Memory Chips Are Dominating the A.I. Rally
Three major producers — Micron, Samsung and SK Hynix — are now trillion-dollar companies. Politicians and Wall Street have taken notice. Source link
US team to visit India from June 1-4 for trade talks, interim pact discussions to continue
A US delegation will visit India from June 1-4 for trade negotiations with both sides expected to continue discussions on a proposed interim agreement as well as the broader bilateral trade pact, Commerce ministry statement said on Wednesday.According to the official statement, India and the US are proposed to finalise details of the interim trade…