Business articles

Deutsche Bank to cut over 7,000 jobs

Washington: Germany’s Deutsche Bank (DB) on Thursday announced plans to reduce its number of full-time staff members from over 97,000 to “well below 90,000” to overhaul parts of its investment banking business and bring down costs. In its equities sales and trading business, the bank said it was aiming to reduce headcount by about 25 per

Nestle in $7.1bn Starbucks coffee deal

New York: Food giant Nestle on Monday announced a $7.1 billion deal with Starbucks for the rights to sell the chains coffee, tea and food products in grocery stores and other outlets globally. The Swiss consumer goods giant said 500 Starbucks employees would transfer over to its business but they would continue to be located in

affect income

Your height and weight may affect income

Men who are shorter in height and women who are obese are more likely to be socio-economically deprived with lower levels of education, occupation, and income, suggests new research. “These data support evidence that height and BMI play an important partial role in determining several aspects of a person’s socio-economic status, especially women’s BMI (body

skill level

Is your job below your skill level?

Accepting a job below your skill level can be severely penalising, says a study, because of the perception that someone who does this is less committed or less competent. To make ends meet in the short term, many workers may accept part-time positions and seek work from temporary agencies or take jobs below their skill

Do you often play dumb or intelligent at workplace?

Do you often play dumb or intelligent at workplace?

Do you often see your boss playing down his or her competence to appear warmer to you while you struggle to appear more intelligent (which you may not be) to impress him or her at the workplace? Mind it that you are not alone. According to interesting research, people at the workplace may adjust their

P.M Modi- San Jose

Modi conquers Silicon Valley: US media

Washington, Sep 29: US media gave pride of place to Prime Minister Narendra Modi’s interactions with Silicon Valley’s tech titans and his rockstar-like reception by the Indian diaspora, with the New York Times saying he had conquered the tech Mecca. In a story headlined “Narendra Modi, Indian Prime Minister, Conquers Silicon Valley”, the influential daily


How reliable are warranties for online sales?

Even as online retail sales continue to shoot up with the e-commerce industry expected to touch Rs.216 billion ($3.5 billion) in the current fiscal, the sector has recently come under fire with both manufacturers and consumers questioning the reliability of warranties for online purchases and the consequences of this. Indian e-commerce retail has a fantastic

Finance Market Wrap Up September

MAKE YOUR MONEY GO FURTHER! REPORTING SEASON Welcome to the reporting season. A re-recurring theme this season was returning cash to shareholders in the form of dividends. It was once thought that buying into income stocks were becoming “tired”, with investors favouring growth stocks. This seems not to be the case at the moment, with

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12 Indian firms get featured in Forbes’ list of 50 best companies in Asia-Pacific

Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the “world’s next growth engines”. The Forbes 2014 ‘honour roll of the Fabulous 50’ lists best of Asia-Pacific’s biggest publicly traded companies.