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Tata Steel workers in Britain will go on strike on June 22, the GMB union said, marking the biggest industrial action in the British steel industry in over three decades.

HSBC will cut almost 50,000 jobs and slash its investment bank, cutting the assets of Europe's biggest lender by a quarter in a bid to simplify and improve its sluggish performance

Germany's largest lender Deutsche Bank has appointed Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganise the bank

In a relief for the crisis-hit Sahara Group, the Indian company has sealed the sale of its Grosvenor House hotel in London and two US properties - Plaza and Dream Downtown - in an $850 million debt refinance deal, reports said.

Punjab National Bank (International) Limited (PNBIL), a UK incorporated bank operating through 7 branches and having corporate office at 1, Moorgate London, has appointed Niraj Gupta as its new managing director in place of Bhupinder Singh, who will be returning to India to join the parent bank.

Eleven Indo-Canadians were honoured in the recent ICCC Annual Awards 2015 in Toronto, for strengthening bilateral ties, business achievements and their contribution to the economy.

 A day after India accused Pakistan of "forcible and illegal occupation" of Gilgit-Baltistan, Pakistan army chief General Raheel Sharif said that Pakistan and Kashmir were "inseparable."