Vadodara: Bank employees will observe a country-wide strike on 2 December, a leading employees union said on Saturday.

All-India Bank Employees Association (AIBEA) general secretary C.H. Venkatchalam said the strike call is to press for addressing issues like de-linking associate banks from SBI and extending compassionate appointments as per government guidelines.

Maruti Suzuki has just launched its new premium hatchback, the Baleno. Named after the erstwhile Baleno sedan, the hatch has a starting price tag of Rs 4.99 lakh for the petrol variant and Rs 6.16 lakh (both prices, ex-showroom, New Delhi) for the base diesel variant.

Prices for the petrol variant go up to Rs 7.01 lakh and Rs 8.11 lakh for the top diesel variant.

A massive earthquake measuring 7.5 on richter scale on Monday jolted north India, with panic-stricken people rushing out of houses and buildings that shook during the temblor lasting almost a minute.

The earthquake epicentred in the Hindukush mountain range in Afghanistan struck at around 2.40 PM, sending ripples across several states like Jammu and Kashmir, Delhi, the National Capital Region (NCR), Punjab, Uttarakhand and Rajasthan.

Domestic mutual funds (MFs), which pumped in a record about Rs 25,000 crore in equities during July - September (Q2FY16) quarter, have seen their holding in Nifty 50 companies touch an over-decade high.

Shareholding pattern data for the quarter ended September 2015 filed by these companies with the stock exchanges reveals that the MFs' holding in the Nifty 50 companies has increased to 4.6% in September quarter, from 4.1% at the end of June quarter.

NEW DELHI: Coal IndiaBSE 1.29 % CMD S Bhattacharaya has asked employees to raise production, the key performance criterion, in sync with the company's targets as it looks at producing a billion tonnes of the dry fuel by 2020 while ensuring quality of the supplies.

"Coal production is the most important performance criterion and primarily focus should be on taking it to a higher trajectory," Bhattacharaya said in a letter dated October 19 to the CIL employees.

New Delhi: Prime Minister Narendra Modi on Thursday laid the foundation stone for the development of Andhra Pradesh’s new capital, Amaravati, which would stretch across 7,420 sq. km. With only a few capitals to have been developed from ground-up in India, experts say that cultural ethos and overall development should be on the agenda.

Building a new capital is important for the state of Andhra Pradesh after it was bifurcated in June 2014 and Hyderabad became a part of Telangana. The state has till 2024 to build its new capital. In the meantime, Hyderabad will serve as the joint capital for the two states.

New Delhi: Singapore-based TML Holdings Pte Ltd, a subsidiary of Tata Motors Ltd that holds or owns securities of companies other than banks, has raised a $600 million loan from six banks, a company spokeswoman said.

“The loan will be utilized to refinance its USD (US dollar) and SGD (Singapore dollar)-denominated loans signed in November 2013,” the spokeswoman for Tata Motors said in reply to a Mint questionnaire on Thursday. Those loans were taken to infuse money into the company’s operations.

After Maruti Suzuki signing wage revision agreement with its workers at its three plants other major automobile companies including Hero MotoCorp, Honda Motorcycle and Scooter India, and several other auto ancillary companies are also in negotiations with their respective labour unions for wage revision agreements in the Gurgaon-Manesar manufacturing belt.

Most of these companies follow the cycle of revision once every three years and the last revision was done in 2012. Wages of over 5,000 permanent workers and almost double number of contractual and temporary workers in various companies in the region will be determined in the wage agreement for the next three years.

Twitter CEO Jack Dorsey on Friday morning announced that he is giving roughly one-third of his Twitter stock to the company’s employees equity pool – the amount totals $200 million.

He tweeted, “I’m giving ~1/3rd of my Twitter stock (exactly 1% of the company) to our employee equity pool to reinvest directly in our people.”

The Reliance Group on Thursday said it will make fresh investments of up to Rs 46,000 crore in diverse range of sectors like defence, information technology, electronics and energy in Madhya Pradesh.

According to an official release, the announcement for fresh investments came after Reliance Group’s chairman Anil Ambani met Madhya Pradesh Chief Minister Shivraj Singh Chouhan.

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