Business news

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Farm loan waivers are necessary, but not a solution: MS Swaminathan

Three states have waived farm loans so far – Uttar Pradesh, Telangana and most recently, Maharashtra. But protests have been raging in Madhya Pradesh and Tamil Nadu over similar demands.

Jun 10, 2017

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State Bank of India raises Rs 15,000 crore via Qualified Institutional Placement

The bank would issue a total of around 52.2 crore fresh equity shares.

Jun 9, 2017

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IndusInd Bank raises $225 million from OPIC to drive MSME lending

At least 25 percent of the proposed facility will support women entrepreneurs and reach previously unbanked populations.

Jun 9, 2017

Promoter principle: Swearing by staying power

Infosys shareholders have an abiding faith in promoter competence. Friday's crash said so.

Jun 9, 2017

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FTSE soars on sterling weakness, shock vote result hits house-builders

Sterling fell as much as 2.4 percent, providing a boost to the internationally-focused, exporter-heavy blue chip index.

Jun 9, 2017

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Infosys, Wipro investors bear the brunt of media speculation over stake sale, downgrade hits TCS

Share prices of Infosys and Wipro have dropped on account of stake sale rumours while TCS is down due to downgrade by Nomura.

Jun 9, 2017

Infosys shares fall on media report of stake sale by founders

Shares of the software company fell as much as 3.5 percent to their lowest since May 5.

Jun 9, 2017

HDFC Bank to roll back UPI charge plan

The National Payments Corporation of India which runs the UPI railroads had requested the bank to reconsider the decision and is expected to call a meeting with bankers very soon

Jun 9, 2017

Conservatives lose overall majority as UK election results in hung parliament

British Prime Minister Theresa May has suffered an embarrassing setback as her Conservative Party has lost their overall majority off the back of a close general election, resulting in a hung parliament. Whilst the Conservatives hold the most seats, they do not have enough to establish outright control.

Jun 9, 2017