Banking

Union Bank said implementation of all the processes under amalgamation will happen without much disruption to customers and employees of Andhra Bank and Corporation Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UpcS6c

Union Bank expects Rs 2,500 cr benefits due to amalgamation: CEO Rajkiran Rai G

Union Bank said implementation of all the processes under amalgamation will happen without much disruption to customers and employees of Andhra Bank and Corporation Bank.

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COVID-19: EPF scheme members can now withdraw non-refundable advance

The Union Labour and Employment Ministry notified the amendment on March 27, making it effective from March 28

from The Hindu - Economy https://ift.tt/2yciLLj
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View: Relief package is peanuts. India needs to triple it

The measures aimed at countering coronavirus are mostly in the right direction but hugely inadequate, he says.

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Companies Can Donate CSR Funds to PM CARES: Corporate Affairs Ministry

The emergency fund was created by Prime Minister Narendra Modi on Saturday after his office received numerous requests from people for donations to support the government in its fight against the impact of Covid-19. "People from all walks of life expressed their desire to donate to India's war against COVID-19," Modi said, adding the fund has been constituted respecting that spirit.

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Take measures to provide liquidity to MFs, NBFCs: Arundhati Bhattacharya

Former Chairman of SBI, Arundhati Bhattacharya has called for measures to provide liquidity to mutual funds and Non-Banking Financial Institutions (NBFCs) to mitigate the impact of the country- wide lockdown to check the spread of novel coronavirus, saying they need "backstop."

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Cognizant techies to get ‘gratitude’ allowance

Cognizant Technology Solutions on Friday announced that it will pay a ‘gratitude’ allowance of 25% of basic pay to more than 1.35 lakh employees in India. This is being paid recognising their efforts at maintaining business continuity during the coronavirus pandemic.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3bveDV3

Hyundai to get COVID-19 testing kits from South Korea

The advanced diagnostic kits with a high level of accuracy can help serve over 25,000 people, the company said in a statement

from The Hindu - Industry https://ift.tt/39r6EqC

Tata Motors to turn passenger vehicles unit into a subsidiary

Assets to be transferred; central functions to remain at TML

from The Hindu - Industry https://ift.tt/33QDLDb