No Job Losses Due To Merger Of State-Owned Banks: Arun Jaitley
Friday, January 4, 2019, 3:19 PM
Finance Minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks. The cost of lending could also become cheaper, he added. During the Question Hour, the minister said that out of the 21 public sector banks, 11 are under PCA (Prompt Corrective Action) framework.
Unilever to swallow GSK's Indian Horlicks business
Monday, December 3, 2018, 8:30 PM
Unilever (ULVR.L) is to buy GlaxoSmithKline's (GSK.L) Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group's position in India by adding the popular malted drink. The deal, announced on Monday, increases the consumer goods giant's reach in one of the world's fastest-growing economies and marks a notable addition to the portfolio by outgoing Chief Executive Paul Polman, who steps down in January.