Business and Economy

Visas, social security pact to top India-US trade talks

India and the US will this week discuss a possible move towards a Totalisation Agreement — which will help Indian technology and other professionals avoid making social security contributions, which are not refunded — as well as a discussion on the recent H-1B visa ban by the Trump admin, during Union minister Piyush Goyal and American commerce secretary Wilbur Ross meet.Source:…

Like last year, TCS to hire 40,000 freshers

Tata Consultancy Services (TCS) plans to keep its India campus hiring this year at about the same level as last year (40,000), despite the sharp drop in revenue in the quarter ended June on account of the Covid-19 fallout. It also plans to double its US campus hires to nearly 2,000 this fiscal, as part of an effort to reduce dependence…

Trai asks Voda Idea, Airtel to block special tariff plans

Airtel and Vodafone Idea have been instructed by telecom regulator Trai to withhold tariff plans that offer faster speed and special incentives to customers who pay more. Trai, which has also sought explanation from the two, wants to understand whether the special plans for the high-paying customers come at the cost of those who have opted for prepaid or lower tariffs.Source:…

Super-rich call for wealthy to face Covid tax

More than 80 millionaires under the banner of “Millionaires for Humanity” on Monday urged governments around the world to “immediately” tax the super-wealthy much more to help fund the global recovery from the coronavirus outbreak. Signatories, included Ben and Jerry’s ice cream co-founder Jerry Greenfield, the screenwriter Richard Curtis and filmmaker Abigail Disney.Source: Times of India…

HDFC Bank probes lending practices at vehicle unit

HDFC Bank Ltd has conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operation involving the unit’s former head, Ashok Khanna, according to people familiar with the matter. The vehicle financing unit Khanna headed had outstanding loans of more than 1.2 trillion rupees ($16 billion) as of March 31.Source: Times of India…