A look at the headlines in this sector right now:
- Post merger, SBI may reduce workforce by 10% over the next two years, says top official: The bank’s managing director said several employees will be offered the voluntary retirement scheme, and that dismissals were not an option.
- Uber suspends self-driving car tests after one of its vehicles meets with an accident in Arizona: The company’s SUV was not responsible for the crash, according to the police, and the autonomous vehicles will not return to roads till an inquiry is conducted.
- Iran imposes sanctions on 15 US firms allegedly for supporting Israel’s occupation of Palestine: The order bans these companies from signing any deals with Iranian firms and bars former and current directors from getting visas.
- Google will replace GTalk with Hangouts on June 26: Gmail users will receive a prompt to switch to the newer messaging service, but their accounts will automatically be transitioned to Hangouts after the date.
- European Union agency has recommended suspension of more than 300 drugs tested by Indian firm: These include 100 medicines manufactured by Aurobindo Pharma, five of Strides Arcolab and four of Zydus Cadila, among others.
- IIM Ahmedabad hikes fees for two-year courses from Rs 19.5 lakh to Rs 21 lakh: Last year, the institution had increased the figure by 5.4%.
- Facebook may soon allow users to post GIFs in comments: The social media giant said it is set to begin testing the feature, which will function similarly to the one available on Messenger.
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