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US imposes sanction on Pakistan, may deny visas to its citizens

WASHINGTON: The US has imposed sanctions on Pakistan after Islamabad refused to take back its citizen deportees and visa over-stayers from America, warning that it may withhold visas of Pakistanis beginning from its senior officials. The state department on Friday said that consular operations in Pakistan remain “unchanged” as of …

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RBI to release new greenish yellow Rs 20 banknote

MUMBAI: The Reserve Bank of India (RBI) will shortly release a new greenish yellow Rs 20 denomination banknote in the Mahatma Gandhi series with the Swachh Bharat logo. The new denomination has the motif of Ellora Caves on the reverse, depicting the country’s cultural heritage. The note will replace the …

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PNB Housing Finance to up-skill 13,000 construction workers

COIMBATORE: PNB Housing Finance (PNBHFL) has signed a ‘Letter of Intent (LoI)’ with CREDAI (The Confederation of Real Estate Developers Association of India) CSR Foundation to train 13,000 construction workers on-site and off-site, across India. As part of this initiative, PNB Housing Finance and CREDAI CSR said that they have …

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Sumeru Foods to enter Middle East market

BENGALURU: Sumeru Foods, which sells frozen food products, is looking to enter the Middle East market to cater to the vast expat Indian population in countries such as UAE. The company has a notable presence in India and the US but Indians account for about 21% of UAE’s population which …

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BIZ-CANARAHSBCOBC

Canara Bank, Canara HSBC OBC Life launch ‘Webassurance’ Mumbai, Apr 27 () Public sector lender Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance Saturday announced the launch of ‘Webassurance’. Four life insurance products of Canara HSBC OBC Life would be made available to …

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Tesla posts $700m Q1 loss

Tesla lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the US. Shares of Tesla were about flat after the results, which came more than an hour …

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