As part of its efforts to prevent bribery and corruption charges in the future, aerospace and defence firm Rolls-Royce has slashed the number of middlemen or intermediaries it uses to hit deals.
Apart from slashing down the number of intermediaries, the British manufacturer announced the re-launch of around-the-clock ethics telephone line for staff. In addition, the company has created a new role of head of risk training.
The company also announced that its senior leadership team would not get any pay increment in 2014.
Public sector banks' non-performing assets (NPAs) or bad loans could rise further in 2014, Union Finance Minister P. Chidambaram said following a performance review meeting with PSU banks and financial institutions on Wednesday.
Mr. Chidambaram said PSU banks' NPAs, which at the end of March 2013 were at 3.84 per cent, would likely be a little higher in 2014. However, he added that NPA levels should be looked only at the end of a year as figures collected at the starting of the year could depict a very misleading picture.
Stunning images of a spiral galaxy, ESO 137-001, being ripped by a galaxy cluster, Abell 3627, has been captured by Hubble Space Telescope. Researchers observed a series of thin blue streaks of ultraviolet light made up of hot young stars, when it crossed through the heart of the galaxy cluster.
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