Banking royal commission: AMP took life premiums from dead customers

    AMP has failed to refund nearly $1 million in life insurance premiums it charged to thousands of its superannuation members it knew were dead, the banking royal commission has heard. The commission heard on Monday it was AMP’s practice to charge dead people life insurance premiums and then refund those premiums rather than cutting off […]

    Uber starts charging additional commission from some drivers

    Uber’s latest experiment is a practice that the company follows globally before introducing a blanket hike. Photo: Hemant Mishra/Mint Bengaluru: Ride-hailing service Uber Technologies Inc. has started experimenting with the commissions it earns from some drivers, deducting 30% from the ride fare, up from the 25%, two people aware of the development said. The move […]

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    Amazon India revises commission rates for third-party sellers

    A file photo of an Amazon India warehouse in Sonipat, Haryana. Photo: Ramesh Pathania/Mint Bengaluru: Amazon India has raised commission rates for sellers in certain categories such as consumer electronic devices, while reducing fees in others such as large appliances, after a festive season showdown with local rival Flipkart. Amazon raised the fees for sellers […]

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    CSC-HP Merger Deal Gets Approval From Competition Commission of India

    Competition Commission has approved the proposed merger of Computer Sciences Corporation (CSC) with Hewlett Packard’s enterprise services segment, a deal that would create one of the world’s leading pure play IT services companies. Both entities have presence in India. Under the deal,announced in May, CSC would merge with Everett Spinco – a wholly-owned subsidiary of […]

    7th Pay Commission: India Inc Employees Want Similar Hike

    New Delhi: Following the 7th Pay Commission report, there has been a significant discontent among private sector employees, leading to employers having to deal with lowered motivation and performance levels, says a survey. According to a TimesJobs.com survey, over 70 per cent private sector employees regret working in the private sector after central employees likely […]

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    Election Commission Addressing Poll Grievances via Mobile App

    Ahead of the West Bengal assembly polls, the Election Commission is addressing public grievances related to voter lists and voter ID cards in a tech-savvy manner with the help of a mobile app ‘Samadhan’, officials said. “It is now very easy for any voter to lodge a complaint with us with the help of this […]