KOLKATA: Central trade union leaders may be contemplating a strike to protest against the Coal India stake divestment plan but getting workers to participate is turning out to be a tough sell because of the resulting salary cuts.

Pay docked for every day of a strike amounts to Rs 1,500 at junior levels to at least twice that in the higher ranks. Workers are reluctant to sacrifice this, at least on issues such as stake divestment that they see as going ahead anyway, even if there is a strike.

WASHINGTON: US' San Francisco International Airport has announced a trivia contest on social media to mark the beginning of the first-ever non-stop flight from New Delhi to the popular tech city by Air India from December 2.

The contest, titled #NonstopAirIndia, invites participants to answer five trivia questions about Air India and their new service at the San Francisco International Airport (SFO).

Saddled with bad debts, Bank of Baroda (BoB) plans to refinance its stressed corporate accounts and change management in certain cases.

The bank, which is also embroiled in a forex remittance scam, will infuse Rs 708 crore to refinance six corporate accounts, majority of which are power companies, under the special Reserve Bank of India refinance scheme popularly called 5/25.

Weeks after announcing two of its executive directors would retire soon, tobacco-to-consumer goods major ITC on Wednesday brought in more young blood at the senior management level.

ITC announced B Sumant has been made the president of the fast moving consumer goods (FMCG) business, including its flagship cigarette business, with effect from April 1, 2016. The position is currently held by Sanjiv Puri, who is being seen as a possible successor to Y C Deveshwar, whose term as chairman ends in 2017.

Amidst reports of rising prices of medical devices including stents, the Government has asked the companies to review their pricing and submit maximum retail price (MRP) details of their products to drug price regulator NPPA.

So far, three meetings have taken place between senior officials of Department of Pharmaceuticals, NPPA, Ministry of Health, medical device companies and industry bodies over the issue of unreasonably high prices of stents and other medical devices.

Aimed to reduce lengthy proceedings and time taken in litigation, the Income Tax department has activated a PAN-based online system which enables the taxman to access cases in their jurisdiction on a click, amongst a building database of over 5 lakh appeals and 1.50 lakh judgements.

The new facility is part of the National Judicial Reference System (NJRS), an electronic repository of cases under the direct taxes category or income tax pending in legal forums like the Income Tax Appellate Tribunal (ITAT), Authority for Advanced Ruling (AAR), various High Courts and the Supreme Court.

Capital markets watchdog Securities and Exchange Board of India (SEBI) has ordered to impound the unlawful gains worth over Rs 10 crore from Jagran Prakashan's Company Secretary Amit Jaiswal and his wife after finding them guilty in an insider trading case.

The SEBI found that Amit Jaiswal and his wife, Mansi, had traded in the shares of the company during August-October of 2009 while possessing price-sensitive information and allegedly made unlawful gains in the process.

Distancing itself from the controversial remark by superstar and its brand ambassador Aamir Khan on intolerance, e-commerce major Snapdeal today said the comments were made by the actor "in his personal capacity" and the firm is "no way connected" with them.

"Snapdeal is neither connected nor plays a role in comments made by Aamir Khan in his personal capacity. Snapdeal is a proud Indian company built by passionate young Indians focused on building an inclusive digital India," Snapdeal said in a statement.

Weak order execution and margin pressures, which have been looming over power and industrial equipment maker BHEL, led to disappointing results in September '15 quarter (Q2) as well, significantly impacting its stock. BHEL's share price has fallen 17% in the last one month and touched a 19-month low on Tuesday.

While the UDAY package for reviving the financial health of state electricity boards (SEBs) as well as price renegotiation with RasGas (that could lead to lower prices of imported gas) are positives for industry, the near-term outlook for BHEL remains muted.

A lawyer has filed sedition charges against Bollywood actor Aamir Khan in a Kanpur sessions court for his statement on 'intolerance' in India made at an awards function earlier this week.

Advocate Manoj Kumar Dixit, who filed the case against Khan, said his 'anti-national' statement amounts to sedition.

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