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INDIAN (B)

McD’s workers sue co over sex harassment

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McDonald’s Corp was sued on Tuesday by workers in Michigan who accused the fast-food chain of allowing pervasive sexual harassment to flourish at its restaurants nationwide. The proposed class-action lawsuit filed in a Michigan state court said McDonald’s “creates and permits a toxic work culture from the very top,” citing last week’s firing of a senior executive.



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INDIAN (B)

Are millennials spawning next wave of NPA piles?

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While millennials, who have been driving credit demand by a large margin in the past 2 years, in what can potentially raise concerns for lenders, most of them have been taking the riskier unsecured loans, warns a report. The number of millennials — those born after 1980 — opting for a new loan grew 58% as against a 14% growth in the non-millennial segment.



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INDIAN (B)

Industrial output contracts 4.3%, its worst fall in 8yrs

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Data released by the NSO on Monday showed the index of industrial production contracted 4.3% in September, the 2nd successive month of decline after the fall of 1.4% in August & lower than the 4.6% expansion posted in the year earlier period. Between April and September, the sector grew an annual 1.3% compared with a 5.2% expansion in the year earlier period.



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INDIAN (B)

Vodafone's future in India in doubt after latest setback

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Vodafone said its future in India could be in doubt unless the govt stopped hitting operators with higher taxes and charges, after a court judgment over license fees resulted in a 1.9 billion euro group loss. Asked if it made sense for Vodafone to remain in India without any relief package, it said — “It’s fair to say it’s a very critical situation.”



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INDIAN (B)

'Some e-retailers indulged in predatory pricing'

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Union commerce and industry minister Piyush Goyal on Tuesday said some e-commerce companies are indulging in predatory pricing which is adversely impacting millions of small retailers. “It is important for e-commerce to follow the letter and spirit of the law,” he said at the BRICS trade ministers meeting in Brasilia.



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INDIAN (B)

SBI Research pegs FY20 growth at a low 5%

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House economists at the nation’s largest bank SBI on Tuesday sharply slashed GDP forecast for the full year to a low 5%, and warned of financial instability if the central continues with its easy money policy in its bid to spur growth. The 2nd quarter GDP growth will print in at a lower 4.2%, they said.



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INDIAN (B)

More than half of 1.5L BSNL staff may take VRS

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BSNL CMD Pravin Kumar Purwar said around 70,000 workers have already accepted the VRS, and he expects more to opt in before the closing date of December 3. “We have given a handsome VRS package and are confident that our target of 80,000 people opting for VRS will be met,” Purwar told TOI. VRS acceptance at BSNL has exceeded government’s initial estimate of 58,000 employees.



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