Rs 2-cr penalty on PNB for violating SWIFT norms

New Delhi

The RBI has slapped a penalty of Rs 2 crore on PNB for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said on Tuesday. SWIFT is global messaging software used for transactions by financial entities. PTI

New Delhi

ITC sells brand John Players to Reliance Retail

Conglomerate ITC on Tuesday said it has sold its menswear brand John Players to Reliance Retail for an undisclosed amount. Besides, the Kolkata-based firm has also transferred the trademark as part of the deal. PTI

New Delhi

IDBI Bank officers’ hunger strike on March 30

IDBI Bank on Tuesday said its officers will observe a one-day nationwide strike on March 30.“The bank is in receipt of notice of one-day nationwide hunger strike on March 30 from All India IDBI Officers’ Association in support of their various demands,” it said. PTI

Dubai

Uber to buy UAE rival Careem for $3.1 bn

Global ride-hailing service Uber will acquire its Middle-East rival Careem for $3.1 billion, the two companies announced on Tuesday. Careem will become a wholly owned subsidiary of Uber but will continue operating independently. AFP