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The job losses are the heaviest since 2009, when ING was forced to restructure and spin off its insurance activities after receiving a state bailout during the financial crisis.

Outlook much-more cheerful, bullish on 2016: Market Experts

Watch the entire interview of Sukhani, Siddarth Bhamre of Angel Broking, R Sreesankar of Prabhudas Lilladher, Taher Badshah of Motilal Oswal AMC and SP Tulsian of sptulsian.com with CNBC-TV18's Anuj Singhal and Sonia Shenoy, in which they share their readings and outlook on specific stocks and sectors for the coming year and the one going by.

Netaji's files to be declassified from January next: PM

Declaring that "there is no need to strangle history", Modi told Netaji's family members during a meeting here that he would also urge foreign governments to declassify files on Bose available with them by writing to them and personally taking up with their leaders, beginning with Russia in December.

Major reforms needed to push growth beyond 7%: RBI Governor

Rajan said the what the government is focusing on is "how do we improve the framework for doing business. How do we make it easier for one of you to go and become an entrepreneur".

Wage hike to average 7%; hire 45,000 this year: TCS

Software major Tata Consultancy Services (TCS) on Wednesday said it will give wage hikes averaging about 7 percent this year to its employees in India, along with 100 percent variable pay. "We will give 100 percent variable pay for the quarter.