Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized lenders. Five associate banks and Bharatiya …
We owe a staggering £1.529 trillion in personal debt – the highest level since the financial crisis, new Bank of England figures show.
The most worrying trend is credit card debt which has shot up to a record level with £67.6 billion on plastic.
Debt experts worry how people will cope as rising inflation, a slowing economy and weak wage growth leave households struggling to keep up with essentials, let alone find cash to clear escalating debts.
India’s small and mid-sized IT services companies are planning to increase local talent mix in the US like their major peer Infosys.
The Bengaluru-based Infosys announced its plans to hire 10,000 US citizens in two years and set up four innovation hubs there.
In an unprecedented move Cognizant, the Nasdaq-listed IT company, whose operations are in Chennai, has instructed at least 1,000 of its senior managers to resign with immediate effect by opting for a voluntary exit scheme. The senior management will be given six- or nine-months’ pay as severance package, depending on their roles. The company is yet to officially confirm the move.