Restaurants add surcharge

Shares of Yes Bank shed six percent intraday on December 6 after Moody's downgraded the bank's ratings and assigned a negative outlook.Moody's Investors Service has downgraded the company's long-term foreign currency issuer rating to B2 from Ba3, as per a BSE release.The rating agency has also downgraded the bank's long-term foreign and local currency bank deposit ratings to B2 from Ba3, foreign currency senior unsecured MTN program rating to (P)B2 from (P)Ba3, and baseline credit assessment (BCA) and adjusted BCA to b3 from b1.Close However, it kept outlook on the bank's ratings as negative. related news VST Tillers Tractors share price slips 2% on weak November data Gati share price dips 5% on Allcargo majority stake buy The downgrade of deposit and senior unsecured program ratings takes into account Moody's expectation that the bank's pool of potential stressed assets and low loss absorbing buffers against those assets will add pressure to its … [Read more...] about Yes Bank share price sheds 6% after Moody’s rating downgrade

Kia Motors has officially expanded its base of operations in India, with the recent opening of its new production plant in Anantapur, Andhra Pradesh. It is spread across 23 million square feet and can produce up to 300,000 units per year.It is also equipped with more than 450 robots to help with the assembly and is currently responsible for producing the Seltos SUV. As of November 2019, 40,649 units of the car have been sold. The company is also gearing up to launch the Carnival MPV, which should arrive in India before the 2020 launch at the Auto Expo. It is also developing a sub-4-metre compact SUV while aiming to add 50 more touchpoints and service centres in India by March 2020.The inauguration ceremony was attended by the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy and Bongkil Shin, Ambassador of the Republic of Korea to India. It was led by Han-Woo Park, President, and CEO of Kia Motors Corporation, Kookhyun Shim, Managing Director and CEO of Kia Motors India, and key … [Read more...] about Kia Motors officially opens India production facility

Deloitte Touche Tohmatsu Limited charging the Government Re 1 as disinvestment advisory for Bharat Petroleum Corporation Ltd (BPCL) has not gone down well with the investment banking community."Deloitte charging Re 1 is not a healthy competition. Regulator should not allow such low bids," said an investment banker on condition of anonymity. Investment bankers said that the regulator must put a minimum cap on the advisory fee.Deloitte is helping the government sell its stake in BPCL. According to media reports, SBI Caps was the second-lowest bidder, quoting Rs 15-17 crore.Deloitte declined to comment on the story. This is not the first time such aggressive bidding has been done by an investment bank. Deloitte had quoted a similar price for its services in the divestment process of Container Corporation of India (CONCOR).JM Financial had charged Re 1 for ONGC's purchase of the government's 51.11 percent stake Hindustan Petroleum Corporation (HPCL).The trend of financial … [Read more...] about Deloitte’s Re 1 advisory fee for BPCL disinvestment irks peers

Transitioning from one job to the next is never an easy feat. Those final few weeks at a job typically involve bittersweet goodbyes to colleagues and emails to various contacts to notify them ahead of time. All of this, while preparing for your next opportunity. advertisement advertisement I recently experienced the pangs of a transition myself, after accepting a new job at Fast Company. My final weeks at my previous role were a flurry of activity. Before jetting off on a relaxing break to Florida, I finished up some remaining projects and set up an auto-responder to notify contacts that I’d left. Disaster. Dozens of people emailed me during my break to ask where I’d be headed to next. On my first day at Fast Company, I spent several hours updating all of my digital signatures–LinkedIn, Facebook, and Twitter–and responding to dozens of messages of support, while delaying important tasks, like enrolling in benefits. In the aftermath of this experience, … [Read more...] about Avoid These 5 Mistakes When Transitioning To A New Job

Every young person knows this scenario: our parents ask us (for what feels like the hundredth time) to teach them how to call Aunt Julia on FaceTime, or attach photos to an email, or use the TV remote control. You roll your eyes, show them how to do it, and marvel that they can’t solve something that’s so freaking simple. Or … maybe you’re that technology illiterate person. You’ve accepted the fact that you’re inherently bad with tech and there’s nothing you can do to change it. Well, here’s some good news for everyone: according to a recent study, people’s mindsets about learning technology may affect their ability to use it—and if you have the right mindset, you may actually get better at technology. advertisement Social scientists say that people tend to have two main types of mindsets when they think about their abilities: a fixed mindset, where you believe that your ability to do “X” can’t change, … [Read more...] about Why Your Parents Are So Bad At Tech