Standard Chartered to Close Cash Equities, Cut 2000 Jobs
Standard Chartered Plc (STAN) is closing its institutional equities business, eliminating about 200 jobs ahead of plans to cut 2,000 more staff as Chief Executive Officer Peter Sands tries to turn the U.K. bank around. Shutting the loss-making cash equities, equity capital market and equity... read more »
Oil dips below $50/barrel: Petrol car users can save up to Rs 9,400 a year
With global crude oil prices going below $50 a barrel, India’s finance and petroleum ministries find themselves at cross-purposes in a way that recalls the Roman two-faced god of the month, Janus. Before the first week of the New Year ended, the Indian basket of crude oil has come down from... read more »
SpiceJet denies receiving credit from oil companies
SpiceJet, the troubled budget carrier, said it has received no credit from oil companies, even as it scotched speculation about having failed to submit any revival plan on Wednesday. “… There was no revival plan due for submission today,” SpiceJet’s Chief Operating Officer... read more »
Sunanda Pushkar death: Tharoor accuses police of assaulting his domestic he...
Abut two months before the Delhi Police registered a case of murder against unknown persons in the death of Sunanda Pushkar, Shashi Tharoor had accused the police of “assaulting” and “intimidating” his domestic help, Narayan, into “confessing” that they both killed Pushkar. In a letter... read more »
