A section of trade unions in state-owned Coal India are fearing that the ongoing process of wage revision may get delayed following the termination of Mohan Das from Coal India’s Board. Das, who held the portfolio of the director of personnel and industrial relations in the company, was a key member in the 10th Joint Bipartite Committee for the Coal Industry (JBCCI) for pay revision of over three lakh non-executive employees working at its eight subsidiaries.

Although trade union leaders opined that the process of wage revision may not get impacted as 14 members from the company and the trade unions each are negotiating across the table, but the process may get delayed.

North Korea on Saturday warned the US not to take provocative action in the region, saying it is "ready to hit back with nuclear attacks".

The comments came as North Korea marked the 105th anniversary of the birth of its founding President, Kim Il-sung, grandfather of leader Kim Jong-un.

CHENNAI: Bajaj Auto's decision to stay out of the scooter market has cost the company dear in terms of market share, both in the overall two-wheeler market as well as in the motorcycle segment. According to Siam numbers, Bajaj Auto's motorcycle market share declined from 24.3% in FY10 when scooters were discontinued, to 18.3% in FY17e (estimated). This, despite the fact that the `zero' margin product CT100 has helped add nearly 4% market share since its launch a year-and-a-half ago.

Mumbai, April 14: The State Bank of India (SBI) has set a target of Rs 1 lakh crore digital transactions and 5.2 lakh touch points for such deals in 2017-18.

During the third quarter ended December 31, 2016, the SBI group had more than 59,000 ATMs. It had more than 21 crore debit card holders and over 3 lakh POS terminals. At the end of January this year, the number of State Bank POS terminals touched 4.31 lakh.

Mumbai: Top stock exchanges National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will discontinue equity as well as equity derivative trading in the security of Cairn India from 26 April, as the cash-rich oil producer has merged into its debt-ridden parent Vedanta.

Under the merger deal, shareholders of Cairn India will get one equity share of Vedanta and four redeemable preference shares of face value Rs10 and coupon 7.5%.

Ashok Leyland – the country’s second-largest commercial vehicle manufacturer – has ended FY17 with a market share of 37.44% in the M&HCV segment, the highest since 2001 when the company had reported a market share of 38%.During FY17, sales of heavy and medium vehicles increased 3% to 113,296 units despite the adverse impact of demonetisaton which pulled truck sales down for almost two months.

Tata Sons’ chairman Natarajan Chandrasekaran has said the Indian IT major is committed to encourage millions of children across the globe to pursue careers in subjects related to science and technology. “TCS fully recognises the importance of what we call a STEM (science, technology, engineering and mathematics) here in the US. Our effort in this country and around the world, for the last several years has been to promote talent, skill development, whether in math or computer science or any related discipline at schools, colleges and also at an advanced level,” Chandrasekaran told PTI.

In a bid to ensure that railway projects that bring value to customers are not impeded by technical objections raised by the national transporter’s finance wing, the ministry of railways has increased the powers of the executive stream to implement projects. According to an order issued by the ministry, the chairman of the Railway Board (CRB) can take the final decision on projects in case a difference of opinion arises between the financial commissioner (FC) and other board members.

KOLKATA: Mobile phone users, especially those who travel within India, would be greeted with a lower bill for April as India’s major telcos — Bharti Airtel, Vodafone India, Idea Cellular and Aircel —-have taken giant steps towards abolishing roaming in their attempt to match Reliance Jio Infocomm’s offers.

Starting April 1, Bharti Airtel, Vodafone India, Idea Cellular and Aircel have already abolished incoming charges while roaming. Newcomer Reliance Jio has made voice calls free for life has made voice calls free for life, which includes no charges on incoming or outgoing calls while roaming on any network.

Eight coaches of Meerut-Lucknow Rajya Rani Express derailed near Rampur in Uttar Pradesh on Saturday leaving at least two passengers injured, railway officials said.

The accident happened between Mundapandey and Rampur railway stations, Northern railway spokesperson Neeraj Sharma said.

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