Budget 2020

IIFL Securities to offer trading services to Karnataka Bank customers

MUMBAI: today entered into an agreement with to provide its customers demat and trading account facilities with IIFL Securities. Customers of the lender will be able to directly open an account with IIFL Securities under KBL Smart Trade arrangement. The KBL Smart Trade arrangement will boost user additions at IIFL Securities, which stands to add […]

Budget 2020

Bank Strike Today: Key services to be hit as unions call 2-day agitation to protest privatisation

Banking services such as cash withdrawals, deposits, cheque clearing and business transactions were impacted across the country on Monday, the day one of the PSU bank union’s strike, against the proposed privatisation of two more state-owned lenders. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for […]

Budget 2020

Banking services may get affected later this month due to proposed strike: Canara Bank

Public sector lender on Thursday said that banking services may get affected later this month due to the proposed strike by several bank unions. “We have been informed by the Indian Banks’ Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike in the banking industry on March 15 […]

Budget 2020

Lufthansa terminates services of 103 India-based flight attendants

The attendants were dismissed after they allegedly sought “job assurance” from the management while the German airlines group had offered them leave without pay option for two years, sources said. Lufthansa has terminated the services of 103 India-based flight attendants after they allegedly sought “job assurance” from the management while the German airlines group had […]

Budget 2020

HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months

The action plan will take 10-12 weeks for implementation. The country’s largest private sector lender HDFC Bank has submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage and hopes to improve its technology platform in three months. Progress is being made on the plan of action […]

Budget 2020

Bank of Baroda launches WhatsApp banking services

Mumbai: State-run Bank of Baroda on Monday announced the launch of banking services on messaging platform Whatsapp. The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card and information on products and services, among others via WhatsApp, a release said. “With the growing prominence of […]

Budget 2020

India’s services sector activity expands at slower rate in December

India’s services sector activity expanded at a slower pace in December as rates of growth in sales eased to a three-month low and staff hiring came to a halt amid weak business optimism, a monthly survey said on Wednesday. The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in […]

News Headlines

Time for government, companies to adopt artificial intelligence: Deloitte India

The Deloitte CEO said whether it is manufacturing, banking, services or agriculture – technology is key for India’s aspirations in any of these sectors. Synopsis “Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they should be willing to make the continued investment. […]