Business
State Bank Of India Stops Transactions With Russian Entities
New Delhi/Mumbai: State Bank of India (SBI), India’s largest lender, will not complete deals with Russian companies subject to international sanctions imposed by Russia, according to a letter seen by Reuters and people familiar with the intrusion imposed on him by Ukraine.
According to a letter SBI sent to certain clients, “transactions with any US, EU or UN sanctions list-listed organisations, banks, ports or ships will not be processed, regardless of the currency of the transaction”.
SBI did not immediately respond to emails or calls seeking comment on the matter.
“We have a significant international presence and must comply with US and EU regulations because we operate in these jurisdictions and we cannot assume that we do not comply with these rules,” said a senior SBI executive.
Dubbed a “special operation” by Moscow, the invasion was the largest attack on a European country since World War II and drew widespread condemnation and a slew of sanctions.
India, which shares close trade and defense ties with Russia, has so far not publicly condemned its longtime ally, instead calling for an end to the violence and a solution to the conflict through diplomacy and dialogue.
SBI’s letter to clients also called for “extra precautions” when dealing with sanctioned countries.
Many of India’s largest companies are closely linked to the state-owned bank, which has a vast network of overseas offices.
According to two senior energy industry sources, SBI also obtained information from Indian Oil Corporation about its involvement in Russia, including interests in Russian assets, funds received from Russia last year and lenders involved in facilitating the deals.
Indian Oil Corp, one of India’s largest refiners, said on Monday it would no longer accept cargoes of a blend of Russian crude and Kazakhstan CPC on a free-on-board (FOB) basis due to insurance risks.
Apart from oil companies, Indian Fertilizer Corporation also trades extensively with Russia to import fertilizers.
Complete News Source : NDTV
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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