The six accused employees were assigned to redress client complaints and authorise reimbursements up to $100 for any case of dispute. However, they allegedly misused their authority to create fake IDs of clients, generated complaints, and transferred $100 for each dispute. “They did this for several months and cheated the company of ₹4.8 crore,” said a police officer. … [Read more...] about 6 employees accused of cheating BPO of ₹4.8 crore
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By Duncan Bartlett People experiencing a life in lockdown often report that certain relatives and friends feel closer than before. However, they also say that some of their associates seem more distant than ever, even if they are actually near neighbours. Similarly, the dramatic changes caused by coronavirus have shaken up relationships between Asian nations. India recently marked 70 years of diplomatic relations with Beijing but there is a disturbing backlash against China on social media. Many posts seethe with anger relating to the origin of the Covid-19 virus in Wuhan and alleged attempts to cover it up. Some of this resentment is stoked by the hawks in the United States, who suggest the pandemic is China’s deliberate and malevolent attack upon the world. China bristles in defence against such allegations. State media presents the situation as a terrible but unavoidable natural disaster. It talks of the People’s War against the virus and praises the bravery of its … [Read more...] about View: Can India benefit from the world’s frustration with China?
John Prine, an American folk legend widely considered one of his generation's most influential songwriters, died following complications of coronavirus on April 8 at the age of 73.On April 3 Prine's wife Fiona had posted on social media the beloved country and folk star was on his eighth day in the ICU on a ventilator, and had pneumonia in both lungs.Once dubbed the "Mark Twain of American songwriting," over his five decades in the music business Prine carved an image as an off-the-cuff wordsmith who forged melancholy tales with a dose of surrealist wit.(With inputs from AFP) … [Read more...] about Drawings by Asterix creator, who passed away from Covid, auctioned to benefit Paris hospitals
On the defensive side, consumption, pharma, IT, communication are the big picks that are getting taken, says the Market Expert. The financials are on fire today after a while. Let me also focus on Axis for a moment because while it is still largely reported but the buzz of Carlyle taking that substantial stake is perhaps firing up the stock today? Yes, there is still speculation but it has been a brilliant day. There were a lot of shorts in the market; FIIs were heavily short both Nifty and Bank Nifty and we are seeing a very strong short squeeze happening in the market. So it is a good day for bulls like us. I am happy to see bears getting slaughtered. There is no explanation right now as to why the market turned like this. If you look across the banking counters, they are doing well but fundamentally there is no change. You will see a spike in NPAs with the economy being in trouble. That is very clear. Has all that been factored in and is there something new coming across? We will … [Read more...] about Metal stocks to benefit in a big way if China announces another stimulus: Ajay Bagga
Patanjali joins other Indian issuers in selling a record amount of rupee bonds this fiscal year to build cash buffers to cushion the impact of the coronavirus pandemic. Policy makers have slashed interest rates in recent weeks amid forecasts of a rare contraction for Asia’s third-largest economy. … [Read more...] about Yoga guru Ramdev’s Patanjali plans first bond sale as costs suck cash: Report