IDFC First Bank’s senior management takes 10 per cent pay cut in FY21

With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has volunteered to take a 10 per cent cut in compensation in the current fiscal.The

COVID-19 impact: IDFC FIRST Bank's senior management takes pay cut

Coronavirus impact: IDFC First Bank's senior management to take 10% pay cut

The bank's chief executive officer (CEO) V Vaidyanathan is taking a 30 per cent cut, including fixed and allowances

Coronavirus impact: IDFC First Bank senior management takes 10% pay cut; CEO 30%

The bank has also paid 100 percent variable pay to 78.2 percent of employees for the period pertaining to 2019-20 despite the arrival of the pandemic, IDFC First Bank said.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

In Pictures: Basking on the beach in bank holiday sunshine

Sun-seekers seized the opportunity to top up their tans.

Second Iranian tanker reaches Venezuela: report

BEIRUT, LEBANON (2:00 P.M.) – A second Iranian tanker has reached the Venezuelan shores after making a long journey from the Persian Gulf region. According to the marine traffic data, the second Iranian tanker, the ‘Forest’, reached Venezuela after entering the country’s Exclusive Economic Zone (EEZ) on Sunday morning. The Forest was reportedly escorted by the Venezuelan Navy’s PO-13 Yekuana boats until it reached its destination in the Bolivarian Republic. The arrival of the Forest marks the second time time in the last 48 hours that an Iranian fuel tanker has reached the Venezuelan shores. Three more oil tankers are expected to arrive to Venezuela from Iran. The five vessels are carrying an estimated 1.53 million barrels of gasoline between them.

Second Iranian Tanker 'Forest' Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows

The second tanker follows the first of five Iranian vessels carrying an estimated total 1.53 barrels of gasoline between them. The first vessel, the 'Fortune'...

Palestinians easing coronavirus restrictions in West Bank

RAMALLAH, West Bank (Reuters) - Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.

Palestinians easing coronavirus restrictions in West Bank

RAMALLAH — Mosques, churches and businesses in the occupied West Bank will reopen on Tuesday in an easing of coronavirus restrictions, Palestinian Prime Minister Mohammad Shtayyeh said on Monday.

Still A Lot Of Value In Corporate Bond Market

Readers can see that currently even AAA OAS are cheaper to Treasuries than at any point in the last 10 years. Ending late last week at +89 bps to Treasuries, ev

Still A Lot of Value in Corporate Bond Market

Bonds Analysis by Brian Gilmartin covering: General Motors Company, iShares Nasdaq Biotechnology ETF, Crude Oil WTI Futures, SPDR® S&P Biotech ETF. Read Brian Gilmartin's latest article on Investing.c

EUR/GBP Price Analysis: Remains confined in a range near mid-0.8900s

The EUR/GBP cross continued with its struggle for a firm near-term direction and remained confined well within a one-week-old narrow trading band arou

EUR/USD Price Analysis: Further consolidation remains on the cards

The decline in EUR/USD seems to have bottomed out around Monday’s lows in the 1.0870 region for the time being. If sellers regain the upper hand, then

5-year-old flies alone from Delhi to Bengaluru, meets mother after 3 months

As domestic flights resumed across the country after two months because of the coronavirus lockdown, a little boy in Bengaluru airport carrying a 'special category' ticket was among the most loving sights of the day.

Bengaluru: Five-year-old boy flies back home alone after 2 months

A 5-year-old boy flew back home to the city alone on Monday after remaining stranded in Delhi for two months.

German activity picks up, can’t escape official recession

FRANKFURT, Germany (AP) — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings...

German activity picks up, can't escape official recession

FRANKFURT — A key indicator of German business outlooks bounced upward in May as more businesses and activities re-opened — but the index remained far below normal readings as Germany faced a long journey toward full recovery from the coronavirus downturn. Revised official figures released separately Monday showed the economy has now recorded two straight …