As part of its workforce restructuring at the Kurla manufacturing unit, Fiat India Ltd on Monday said it has accepted the voluntary retirement of more than 50 per cent of its employees at the plant.
'It is violation of the Model Code of Conduct.' 'It is a penal offence under the IPC to exert undue influence on voters.' 'Under the election law, it is a corrupt practice.'
Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular "Lal-Imli" brand of woollen products, made Cawnpore (now Kanpur) the Manchester of the East. In the 75th year of independence, the government may finally pull the curtains on the century-old, now defunct public sector enterprise. "The Department of Public Enterprises (DPE) has floated a draft cabinet note for closure of British India Corporation (BICL) along with National Textiles Corporation (NTC). "The Cabinet may soon tak
The ISRO spy case is dead. And yet, not dead.
The government has cleared a second round of voluntary retirement scheme for shedding 10 per cent of the total workforce of public-sector general insurance companies involving a cash outgo of Rs 1,000 crore.
In order to cut flab and improve efficiency, public sector general insurance companies are planning to offer a second round of voluntary retirement scheme to their employees.
State-owned MTNL, dogged by a flabby workforce and tremendous pressure from unions against job cuts, has achieved a virtual feat by successfully offering voluntary retirement to over 1900 employees.
Over 54,000 public sector employees opted for voluntary retirement scheme in 2001-02, Rajya Sabha was informed on Monday.
Oriental Bank of Commerce on Friday said its profit will dip this fiscal due to acquisition of the ailing Global Trust Bank and hinted at another round of voluntary retirement scheme to cut excess flab.
Hindustan Petroleum Corporation has proposed to shed about 11 per cent of its workforce by offering the surplus staff a VRS, the Rajya Sabha was informed on Tuesday.
Over 1,000 employees of Air-India are expected to avail of the voluntary retirement scheme, for which the airline would have to bear financial burden of about Rs 57 crore.
The move by the BSF has not been seen kindly by Yadav's family which alleged that the trooper was being "threatened and tortured mentally".
Voltas Ltd has announced a voluntary retirement scheme to slash 300 jobs and has plans to cut an equal number as part of its efforts to shed flab and become leaner to take on competition.
National Textiles Corporation's bonds issue to mop up around Rs 500 crore (5 billion) will hit the market next week.
MTNL's board has given the go-ahead to a voluntary retirement scheme for group C and D employees. It also announced its foray into 'Mobile Commerce', which will help customers to transact business with the help of mobile.
Government on Tuesday approved the proposals of Oil and Natural Gas Corporation and Indian Oil Corporation to offer voluntary retirement to their surplus staff.
A host of conspiracy theories followed, involving Indira Gandhi, her younger son Sanjay, his favourite small car project, secret funding of the Bangladesh Mukti Bahini and even the Central Intelligence Agency of the United States.
The agency has moved with its charge sheet against Shukla after getting a go ahead from the government to prosecute the retired judge, they said.
An administrative enquiry is under way to find out why United Bank's non-performing assets had been under-reported.
With a new chief executive officer (CEO) at the helm, the country's largest two-wheeler maker Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'. Recently, the company's erstwhile chief financial officer (CFO) Niranjan Gupta was elevated as CEO.
'The announcement has come too late. This should have been done years ago.'
