Air India to hire law firm for assessing labour issues, business contracts

National carrier Air India has invited bids from law firms to assess labour issues, possible liabilities arising out of litigation and group companies’ contracts with various business partners ahead of disinvestment in three of its entities—Air India Ltd., Air India Express Ltd. and Air India SATS Airport Services Pvt. Ltd. (AISATS). The due diligence will cover a range of issues such as existing arrangements with employees, employee benefits and labour disputes along with Air India group’s contracts with a host of business partners valued above ₹50 crore, including aircraft lease and fuel supply arrangements. It…

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Samsung the Third Most Reputed Firm in the US: Report

South Korea’s No.1 tech firm Samsung Electronics Co. was named the third-most reputable company in the US, an industry tracker said on Wednesday. Samsung’s rival, the top tech giant Apple Inc., remained out of the top 100, Yonhap news agency reported. According to research conducted by US-based Reputation Institute, the South Korean tech giant came in behind Amazon.com Inc. and Hallmark Cards Inc. in terms of reputation in the country. Foodstuffs maker Kellogg Company, Japanese tech giant Sony Corp. and Johnson & Johnson followed Samsung on the list. Switzerland-based watch…

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Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment. Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after website Ars Technica UK said Apple was in talks to buy the company. “From time to time, Apple talks with companies about potential acquisitions,” the US company said in subsequent a statement.…

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Gold Hits 13-month Top On Firm Euro As ECB Signals Rate Cut End

Manila: Gold climbed to a 13-month high on Friday before pulling back slightly, as the euro hovered near a three-week peak against the dollar after the European Central Bank signalled it was done reducing interest rates for now. After rolling out bold measures to boost the euro zone economies, including increased asset buying and a deeper cut to deposit rates, ECB President Mario Draghi on Thursday signalled there would be no further rate cuts. Spot gold rose as far as $1,282.51 an ounce, its strongest since Feb. 3, 2015, and…

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