If you are looking to save for your retirement, the National Pension System (NPS) along with other investment options may be considered. NPS is essentially a long-term investment scheme to help one direct his or her savings towards retirement. How NPS worksAfter opening an account, you keep contributing till age 60 or till the scheme’s […]
Amid a crash in recovery by financial creditors in the March quarter, the Insolvency and Bankruptcy Board of India (IBBI) held a meeting with potential investors and law firms like Shardul Amarchand Mangaldas on Wednesday, to brainstorm ways to boost resolution proceeds. The meeting was chaired by new IBBI chairman Ravi Mittal, sources told FE. […]
By Supriya Suri Indians are known for being big savers which has helped them tide over many a financial crunch. However, due to the pandemic, household savings have taken a hit. According to the Reserve Bank of India (RBI), household financial savings rate fell to 8.1% of GDP in the quarter ending December 2020, down […]
Industrialist Sajjan Jindal-led JSW Infrastructure has invested about Rs 1,300 crore to set up a fully-mechanized terminal at Paradip Port Trust in Odisha, which commenced operations today. The terminal, Paradip East Quay Coal Terminal, has an annual coal handling capacity of 30 million tonne, the company said in a statement. The coal terminal has been […]
Boris Johnson has said he will look at introducing a windfall tax on oil and gas companies but believes they are not the “right way forward”. Rishi Sunak, the chancellor, is threatening to implement a windfall tax amid concerns that energy companies are not investing enough in the UK. Bernard Looney, the chief executive of […]
Calling a man ‘bald’ is sex harassment, an employment tribunal has ruled after an employee complained about being called a ‘bald c***’. Tony Finn had worked for the West Yorkshire-based British Bung Company for almost 24 years when he was fired in May last year. He took them to the tribunal claiming, among other things, […]
It’s a drum I’ll continue to beat, but every company, no matter how small or big their travel spend, should have a straightforward, easy-to-follow travel policy in place. Perhaps before “you’re on mute” became part of our everyday vocab, travellers were happy to go it alone. But things have changed since the dark days of […]
MyMynd, the mental health platform for employees, has received £650,000 in pre-seed funding. The funding came in from investors including Triple Point Ventures and angel investors including Andrew Nadin, Southeastern Grocer’s Chief Customer and Digital Officer; Maurice Abboudi, serial hospitality entrepreneur and investor on BBC 2’s ‘My Million Pound Menu’; and Will Jones, founder of […]
Agreement for riders in the self-employed delivery sector provides an innovative blueprint for the future of work, says the GMB and Deliveroo GMB Union and Deliveroo have signed an historic union recognition deal covering the company’s more than 90,000 self-employed riders. The Voluntary Partnership Agreement will see GMB have rights to collective bargaining on pay […]
One in five letters and parcels sent first class do not arrive the next working day, Royal Mail has admitted. Just weeks after it increased its postage prices, when the cost of a first-class stamp went up 10p to 95p, the company said its services had been hit by the continued impact of Covid and […]