Citizens' Issues
Strike in SBI associate banks on Tuesday
Around 45,000 employees in the five associate banks of the State Bank of India (SBI) will strike work on Tuesday, said a leader of the All India Bank Employees Association (AIBEA).
 
"Only the workmen (clerical and messenger cadre) will be on strike. However, work in the branches will be affected," C.H. Venkatachalam, the AIBEA General Secretary, told IANS.
 
He said the employees of SBI would not be on strike.
 
The union is opposed to the government's decision to merge State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Mysore (SBM) and State Bank of Hyderabad (SBH) with the SBI.
 
The government has also decided to merge the Bharatiya Mahila Bank with SBI.
 
He said the government was trying to divert the people's attention from the mouting bad loans in the banking sector by the merger move.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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WhatsApp co-founder invests in Indian firm to push 'connected cars'
 In a move to speed up the availability of internet-connected cars in India, WhatsApp Co-Founder Brian Acton with other global business leaders on Monday announced they will invest an undisclosed amount in Trak N Tell -- a Gurgaon-based car tracking telematics solutions startup.
 
Founded in 2007, Trak N Tell is owned and operated by automotive telematics technology company Bits N Bytes Soft Pvt. Ltd.
 
“We are happy to see rising interest in the ‘connected cars’ space in India. This funding is indicative of the same and a global appreciation of our attempt to endorse the Make In India initiative,” said Pranshu Gupta, CEO of Trak N Tell, in a statement.
 
“We will launch a superior safety solution for individual car and bike owners in the country. Our aim is to offer an Indian version of connected cars that are available in Europe and North America,” he added.
 
Trak N Tell will deploy the raised funds towards product development and business expansion.
 
The company currently provides a GPS product that enables car owners and fleet owners to track their vehicles. It also allows for predictive engine failure, preventive maintenance notification, fuel monitoring system and more.
 
“Pranshu has extremely interesting plans for the Indian automotive market and I'm very excited to help him scale his business further as an investor. It is great to be part of Trak N Tell,” added Acton.
 
According to the global research firm IHS Automotive, 60 percent of all cars sold in the US (about 10 million) will be connected to the internet by 2017.
 
Globally, it is estimated that there are 23 million connected cars on the road today with projections for 152 million by 2020.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Police to conduct inquiry on Essar phone tapping, court told
The police has been asked to conduct a preliminary inquiry into a Supreme Court lawyer's allegations that the Essar Group tapped phone conversations of corporate chiefs, cabinet ministers and bureaucrats between 2001 and 2006, the central government told the Delhi High Court on Monday.
 
A division bench of Chief Justice G. Rohini and Justice Sangita Dhingra Sehgal reserved the order on a petition of advocate Suren Uppal for a court-monitored inquiry by a special investigation team (SIT) into the allegations.
 
On being asked by the court about steps taken by the government, Additional Solicitor General Sanjay Jain said: "The government has taken a decision to request the Commissioner of Police (Delhi) to conduct a preliminary inquiry into what he (lawyer) is saying."
 
Uppal claimed that he has filed the petition on the basis of CDs of the recorded conversations whose genuineness also he wants to be examined.
 
Uppal said he had come to know of the "illegal and unlawful acts of tapping" done allegedly at the behest of the Essar by one of its employees, who has now left the company.
 
Uppal in his public interest litigation (PIL) has named a top Essar official and Albasit Khan as respondents in the matter. Khan is a former Essar employee who, according to Uppal's complaint to Prime Minister Narendra Modi, allegedly handled the tapping of VVIPs for five years.
 
The lawyer has alleged that from 2001 to 2006 phones of some of the prominent citizens, including ministers, top government officials and corporate houses, were tapped and intercepted for deriving undue advantages. Essar Group has denied all charges.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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