State-owned bank officers' union in India calls strike over mergers

Workers at India’s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate wage rises.The strike organised by All India Bank Officers’ Confederation (AIBOC), impacted...

Christian Michel

India extradites UK businessman in AugustaWestland scam

Christian Michel, 57, is a British businessman who has been extradited to India to face prosecution for alleged bribery in connection with New Delhi’s $720m acquisition of 12 VIP helicopters. On Tuesday night, while Sushma Swaraj, India’s foreign...

A monthly survey said that activity of the services sector in India expanded for the first time in three months in September as it rebounded from GST-related contractions, driven by a surge in new business orders that supported job creation

Indian Finance Ministry's principal economic advisor Sanjeev Sanyal said the country would have 10-15 public sector banks with government's majority stake, down from 21 at present as part of its plan to consolidate banks

As informed by the UK's Crown Prosecution Service (CPS), embattled Indian liquor baron Vijay Mallya was granted immediate bail following his arrest in London on Tuesday, in a second money laundering case filed by the Indian Enforcement Directorate

The midnight launch of India's biggest tax reform since independence, the Goods and Services Tax instantaneously turned India into a select league of countries...

India's Chief economic adviser Arvind Subramanian expressed concern over growing protectionism in global markets and felt that India needs open markets to grow at 8-10%.

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