Four more bodies recovered in search for AirAsia flight QZ8501

Four more bodies recovered in search for AirAsia flight QZ8501 The search and rescue efforts led by The National Search and Rescue Agency (BASARNAS) Republic of Indonesia continued this morning as weather conditions marginally improved with waves of 1.5 - 2 meters.   Entering the eighth day of the mission, the search operation area was expanded to the east part of the Java Sea following the underwater current forecast.   In addition, more than 80 deep sea divers have been deployed in order to get a visual confirmation on two large objects –...

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Unknown 02:17  No comment

Bupa Insurance to raise stake in Max Bupa to 49%

Bupa Insurance to raise stake in Max Bupa to 49% New Delhi: UK's Bupa Insurance on Monday said it will raise stake in its Indian health insurance venture, Max Bupa, to 49 percent from the current 26 percent, becoming the first foreign company to announce a hike in shareholding following amendments to the insurance laws.Through an Ordinance, the government has permitted foreign investment of up to 49 percent in the insurance sector, from a limit of 26 percent previously."Following the Insurance Laws Amendment Ordinance 2014 receiving legislative assent in the 2015 Budget Session...

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Unknown 02:11  No comment

End of IT Golden Age or Just Business as Usual? "TCS Layoffs"

End of IT Golden Age or Just Business as Usual? "TCS Layoffs" Tata Consultancy Services has had to spend the first few days of 2015 firefighting rumours about mass layoffs at the company. A senior TCS official told NDTV that "non-performers" have been asked to go, but denied reports that the company is firing 25,000 employees. "Workforce optimisation is a continuous process and this leads to some amount of involuntary attrition...there is nothing out of the ordinary. Only 1 per cent to 1.5 per cent of employees will be impacted," the official said....

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Unknown 02:09  No comment