Los Angeles Netflix sacked its chief spokesman Jonathan Friedland, he revealed on Friday, after he used the N-word twice in the space of a few days during meetings with staff. The head of communications announced his departure after being upbraided for a second time for using the racial slur, which is controversial for its ubiquity […]
Business
India hits back at US, hikes import duty on agri, steel products
After initiating a complaint against United States’ steel and aluminium duties at the World Trade Organisation (WTO) last month, India has struck back by notifying higher customs duties on imported items from the US, including pulses, apples, almonds, walnuts and steel. The US has earlier introduced higher tariffs against several countries, including China. India on […]
Maruti dominates PV segment in May with 7 models in top 10 list
New Delhi, June 20 Maruti Suzuki India (MSI) maintained its leadership position in the domestic passenger vehicle (PV) market in May as seven of its models featured in the top 10 selling brands. According to the latest data from Society of Indian Automobile Manufacturers (SIAM), in the top 10 best selling PVs, Maruti’s Alto retained […]
TCS m-cap again hits Rs 7 lakh crore mark on share buyback plan
New Delhi: The market capitalisation of Tata Consultancy Services (TCS) Ltd on Friday again hit Rs 7 lakh crore mark (a level the company crossed in May) following news that its board has approved share buyback of up to Rs 16,000 crore. Tata Consultancy Services (TCS) today became the first company to close the trading […]
Citibank fined $100 million for interest rate manipulation
Citibank will pay a huge fine for manipulating an important interest rate. The bank settled with attorneys general in 42 states for $100 million. Following an investigation, the states said Citibank manipulated Libor, a benchmark interest rate that helps set lending rates across the world. Citibank made millions of dollars of gains from its “fraudulent […]
Trade Wars: India to raise duty on 30 US goods
New Delhi India will raise duties on 30 products originating in the US, including motorcycles with engine capacity over 800 cc, fresh apples and almonds, as it strikes back against Washington’s move to impose higher duties on Indian steel and aluminium exports, an official said. Motor cycles with engine capacity over 800 cc is going […]
Indian-American woman to become CFO of US carmaker GM
Let’s be clear: there are many, many women working and thriving in the global auto industry. Quite a few are also on leadership positions, with titanic responsibilities. But as a whole, the business has long been thought of as a bastion of “car guys.” That’s why Wednesday’s news that General Motors’ CFO, Chuck Stevens, would […]
IRCTC launches ‘Menu On Rail’ mobile app: Now, check MRP of food items before ordering
New Delhi: IRCTC has launched a “Menu on Rail” application for passengers travelling in Mail/Express, including Humsafar Train, Rajdhani, Shatabdi, Duronto, Gatiman Express and Tejas Express. The app will help Railway passengers check the maximum retail price (MRP) of food items on rail food. The food items are covered in four categories namely, beverages, breakfast, […]