HDFC Bank likely tied GPS with car loan
According to sources, the executives of the lender compelled vehicle loan customers to get GPS devices during 2015 to 2019
In a possible breach of regulatory guidelines, borrowers of HDFC Bank were forced to take GPS devices along with the purchase of a car for about four years till December 2019, sources said.
According to sources, the executives of the lender compelled vehicle loan customers to get GPS devices during 2015 to 2019.
Reportedly, these GPS devices were of a particular make indicating a conflict of interest and violation of regulatory norms.
A HDFC Bank spokesperson said, “We have said (MD and CEO Aditya Puri’s AGM address) what we had to in the matter”.
Euro Rises to 18-Month High After EU Clinches Rescue Deal
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The euro advanced to the highest level since January 2019 after European Union leaders agreed on a stimulus package to reboot pandemic-hit economies.
The common currency gained as much as 0.4% to $1.1497, as traders in the New York morning session pushed it above a key resistance level of $1.1495, its peak in early March. Looking ahead, $1.1595, the midpoint of its losses since February 2018, is seen as another pivotal mark. One strategist isforecasting the currency could rise to $1.30 for the first time in six years.
After days of negotiations, EU leadersagreed on an initial plan of 750 billion euros ($860 billion). The emergency fund will give out 390 billion euros of grants and 360 billion euros of low-interest loans. For the first time, member states will underwrite joint bond issuance.
PATRIZIA Sees Q2 Operating Income To Be Sequentially Higher
PATRIZIA expects to report operating income for the second quarter of 2020 to be 49.4 million euros compared to 24.7 million euros in the first quarter of 2020.
The company expects to report an operating income of 74.1 million euros for the first half of 2020.
The company confirmed its operating income forecast for the fiscal year 2020 in a range of 100.0 million euros – 140.0 million euros.
The company said it will publish its financial report for the first half of 2020 on 6 August.
Microsoft’s LinkedIn to Cut 960 Jobs After Virus Curbs Hiring
Microsoft Corp.’s LinkedIn professional network eliminated almost 1,000 jobs after the coronavirus pandemic curbed demand for the company’s recruiting tools.
A total of 960 roles will be cut, about 6% of LinkedIn’s workforce. The reductions are happening in the company’s Global Sales and Talent Acquisition departments. LinkedIn Chief Executive Officer Ryan Roslansky announced the move in a Monday email to employees.
Millions of workers have lost their jobs since Covid-19 swept across the globe and forced governments, businesses and consumers to limit many activities. That’s left fewer companies seeking to hire new employees, which has weakened demand for the recruiting tools offered by LinkedIn’s Talent Solutions group.
“COVID-19 is having a sustained impact on the demand for hiring, both in our LTS business and in our company,” Roslansky said in astatement.
LinkedIn plans to consolidate some parts of LinkedIn Talent Solutions with its Learning Management System group to avoid “duplicating costly platforms, systems and tools internally.” The company is also switching from a field sales team to service small-business customers to an online system.
Praveen Pandian Named CAA’s Head Of Television Literary Department
Creative Artists Agency today announced the promotion of Praveen Pandian to Head of Television Literary department.
“Praveen is an exceptional agent with a tremendous work ethic and great taste,” said Joe Cohen, CAA Board Member and Head of Scripted Television. “He is a shining example of what we stand for at CAA, and I am thrilled to have him serve in this important leadership role.”
Pandian joined CAA from the Walt Disney Company in 2012, and since then has worked with many of the agency’s top producers and directors to create opportunities for their stories around the globe. He works on behalf of such non-writing producers as Jason Bateman’s Aggregate, Simon Kinberg’s Genre, Robert Kirkman’s Skybound, Marc Webb’s Black Lamb, Rian Johnson & Ram Bergman’s T Street, Darren Aronofsky’s Protozoa, James Wan’s Atomic Monster, and Joe & Anthony Russo’s AGBO.
He also represents such directors as Lucy Tcherniak, Alexander Payne, Jonathan Entwistle, Yorgos Lanthimos, The Duffer Brothers, Cory Finley, JD Dillard, Leigh Whannell, Zack Snyder and Francis Lawrence, and works closely with many BIPOC artists to amplify the voices of underrepresented communities, including Heather Rae, Steven Yuen, Zazie Beetz, Lee Isaac Chung, Simu Liu, Melina Matsoukas, Aneesh Chaganty, Natalie Morales, and Brian Tyree Henry, among others.
Ten more states added to New York quarantine order: Cuomo
NY pub sells ‘Cuomo chips’ to comply with governor’s restaurant rules
Harvey’s Restaurant and Bar adds $1 ‘Cuomo chips’ the menu after the state requires patrons to order food if they want to buy alcohol; co-owners Matthew Bagley and Adam Humphrey join ‘Fox & Friends.’
(Reuters) – Governor Andrew Cuomo on Tuesday ordered those arriving in New York from an additional 10 states to quarantine for 14 days to limit the spread of the novel coronavirus as cases flare up across the country.
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Alaska, Delaware, Indiana, Maryland, Missouri, Montana, North Dakota, Nebraska, Virginia, Washington were added to the travel order which was first issued in June. Minnesota was removed.
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Travelers arriving in New York from a total of 31 U.S. states are now required to quarantine upon arrival in New York, according to the travel advisory.