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Yes Bank cuts 2,500 jobs, nearly 12% of its workforce, as automation creeps in: Report

Yes Bank cuts 2,500 jobs, nearly 12% of its workforce, as automation creeps in: Report

Yes Bank Ltd. has cut about 12 percent of its workforce to lower expenses and push technology amid an industry-wide lending slump, said people familiar with the matter.

Inside Jeff Bezos’s $5 billion bet that Amazon can win India
Inside Jeff Bezos’s $5 billion bet that Amazon can win India

It’s mere weeks to the festival of Diwali, the season of lavish, reckless consumption, and in a cavernous warehouse minutes from the Hyderabad airport, hundreds of workers are furiously sorting mountains of everyday items.

No retirement planning: Pension crisis looms for India as workers shun sunset savings
No retirement planning: Pension crisis looms for India as workers shun sunset savings

India’s much-vaunted demographic dividend has a weak spot -- very few of the nation’s workers are saving for retirement.

7th Pay Commission report: Central government employees will not get daily allowance on LTC
7th Pay Commission report: Central government employees will not get daily allowance on LTC

Central government employees will not get a daily allowance on Leave Travel Concession (LTC), according to an official order.

Arvind Kejriwal says Kamal Haasan should join politics; actor lauds AAP chief for fighting corruption
Arvind Kejriwal says Kamal Haasan should join politics; actor lauds AAP chief for fighting corruption

The AAP chief said that rather speaking from outside, Haasan should join politics.

Fraud threat perception over e-wallets: How Centre is looking to tackle this menace
Fraud threat perception over e-wallets: How Centre is looking to tackle this menace

The government is planning to come out with a standard protocol for e-wallet companies on ways to tackle financial fraud, keeping in mind the heightened risk of cyber fraud with increase in online transactions after demonetisation.

Amazon has decimated retail segment's market cap nurtured over 60-70 years, says Vetri Subramaniam of UTI AMC
Amazon has decimated retail segment's market cap nurtured over 60-70 years, says Vetri Subramaniam of UTI AMC

Amidst the “Great Indian Festival” launched by the American e-commerce major Amazon, Vetri Subramaniam of UTI AMC says that the continued preference for the online channel, more specifically Amazon's products, as opposed to retail in the United States has caused a dip in market capitalization for the retail segment which was built over the last 60-70 years.

Horoscope: By Peter Vidal

Today ( 21 Sep )This Week ( 17 Sep - 23 Sep )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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