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Govt links increments to staff performance of public sector banks, unions hold the key
The finance ministry has unshackled public sector banks from decades-old practice of uniform wage increases for nearly 10 lakh staff and permitted 26 lenders to provide salary raises based on performance, two bank chairmen said.
ONGC, Oil India to pick up 10 percent in Indian Oil at Rs 220 per share; stock up more than 3 percent
ONGC and OIL are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300 crore.
Birla Group seeks partner for health insurance foray
The AV Birla group has hired Boston Consulting Group to find a partner to foray into the country's fast-growing health insurance sector.
Reliance Globalcom no longer for sale, eyes funding for growth
The parent firm has been in discussions for a sale to a PE consortium after a botched attempt to take it public in Singapore and a failed bid to sell it to Bahrain's Batelco.
HUL says 'action' for MTV movies with six 60 minutes movies of its Best Selling Brands
In a first-of-its-kind deal, MTV has entered into a partnership with Hindustan Unilever, India's largest fast moving consumer goods firm, for five of its best-selling brands. The deal will help HUL showcase its brands in six 60-minute movies, one aired every month on Viacom 18's youth and music platform.
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