Shehzeen Khan
Business
Govt cuts EPF contribution to 10% for May, June, July
The Ministry of Labour & Employment has implemented a cut in the employees’ provident fund (EPF) contributions to 10%. The 10% was reduced from the existing 12%, and is valid for May, June and July. The decision will most...
Business
Covid-19 Lockdown : Uber to lay off 3000 employees as demand dips by 80%
The ride-hailing giant will cut 3,000 more jobs, in addition to the previously announced 3,700. The move comes after COVID-19 restrictions have led to a drop of 80% trip requests globally in April. Chief Executive Officer Dara Khosrowshahi announced...
Business
Union Govt withdraws order directing companies to compulsorily pay wages during lockdown
The Union Government has withdrawn the order that directed employers to pay wages to employees, despite units being shut in the lockdown. Given the current state of the country, this comes as a huge relief to businesses.
The Ministry of...
Business
Alibaba’s Jack Ma resigns from SoftBank board
On Monday, SoftBank Group Crop announced Jack Ma’s resignation from the board. Ma’s departure from the board is the latest among other high-profile allies of CEO Masayoshi Son, for instance, Tadashi Yanai. Ma also retired as Alibaba’s executive chairman...
Business
New Pension guidelines to benefit 65 Lakh pensioners
The Department of Pension and Pensioners' Welfare has announced changes in processing of pensions for over 65 lakh pensioners. The key points in the new guidelines pertain to form 14, disabled children and remarriage restrictions. Further, banks shall now...
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Political betting data in favour of Kamala Harris to be next US President
The punters are already betting on Kamala Harris to be the next President of the United States.
According to political...
Gambling & Casinos
Station Casinos launches internship programme to practically train student interns
Station Casinos is looking for college students this summer who want practical experience on how to run a resort casino.
Station Casinos is seeking paid interns...
Gambling & Casinos
Virgin Hotels Las Vegas surprises guests with No Resort Fee policy
Virgin Hotels Las Vegas is planning to kick open its property on off-Strip Las Vegas with a bang.
On the date of its opening, that...
Environment
World Economic Forum report highlights agriculture as culprit for deforestation
According to a recent report published by World Economic Forum, millions of hectares of forests are lost each year.
They have also pointed to the...
Gambling & Casinos
Payments supplier Trustly partners up with West Ham United
Payments supplier Trustly has signed an agreement with West Ham United, an English Premier League football club.
As per the agreement Trsutly would be the...