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SBI

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button. Jul 4, 2017
sc bar on liquor, bars within 500 metres of highways, liquor stocks, usl share price, sc relief to pubs and bars, karnataka excise department, excise revenue from liquor sale

Liquor stocks rally after Supreme Court gives relief to bars, pubs in cities

United Spirts, Khoday, Jagatjit, Globus Spirits gain sharply on the back of Supreme Court making an exception to bars, pubs and hotels located within cities. Jul 4, 2017
infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

IT layoffs: Job cuts in the sector exaggerated, believes Infosys HR head Krishnamurthy Shankar

Krishnamurthy Shankar said that as the industry grows at a rapid pace each year, employees will definitely need to keep up with the changing standards. Jul 4, 2017
axis bank, digital banking, atms, online banking, demonetisation, note ban, digidhan, axis bank annual report 2017

Highlights of Axis Bank annual report FY2017

Credit cards, retail lending, digital banking, focus on SMEs and consolidating position debt markets are key extracts from Axis Bank's annual report for 2017. Jul 4, 2017
Microsoft

Microsoft likely to lay off thousands of employees in massive corporate rejig: Report

While the intention behind the rejig is yet to be known, a document that seems to be a company memo says that it is a part of the company's plans to help its customers with "digital transformations." Jul 4, 2017
india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

Nandan Nilekani, Helion's Sanjeev Aggarwal launch $100 million start-up fund

The Fundamentum Partnership will invest in early stage start-ups, say Nandan Nilekani and Sanjeev Aggarwal. Jul 4, 2017
Air India

Air India divestment: More positives than negatives to a Maharaja's selloff

Was the intangible benefits of holding on to a 13 percent market share worth pouring red ink on a battered balance-sheet? The government didn't think so. Jul 3, 2017
two wheeler sales november demonetisation hero honda bajaj tvs yamaha india scooter motorcycle modi govt cash crunch volume share price motocorp

Two wheeler sales June 2017: Hero Motocorp, TVS, HMSI, Royal Enfield report growth, Bajaj Auto volumes fall

June was a mixed bag for two-wheeler companies, with HMSI, Hero Motocorp, Royal Enfield and TVS Motor reporting modest-to-high growth. Jul 3, 2017
Thyssenkrupp

Workers reject junior partner role for Thyssenkrupp in Tata JV

Thyssenkrupp reportedly aimed to hold less than half of the potential venture so it can deconsolidate the business from its balance sheet. Jul 3, 2017

Iran to sign major gas deal worth $4.8 billion with French energy firm Total

A spokesman for Total confirmed the company will sign the contract to produce gas for the Iranian market from 2021. Jul 3, 2017

Markets give thumbs-up to GST; Sensex gains 300 points, ITC top gainer

The first day of trading saw benchmark indices Sensex and Nifty end with 1 percent gain; ITC was the biggest gainer, followed by Hero Motocorp. Jul 3, 2017

ONGC-led consortium offers $11 billion to Iran for Farzad-B gas field: Report

The offer involves $6 billion for developing the gas field and the remaining amount to build a liquefied natural gas export facility,according to a report. Jul 3, 2017
shaktikanta das demonetisation arun jaitley raids income tax gold real estate arun jaitley modi criticism cash seized wealth undisclosed income bank officials suspended

GST impact: Fears of prices rising are "misplaced", says Shaktikanta Das

Don't pick up 5 items and say prices have gone up, says former economic affairs secretary on GST Jul 2, 2017
consumer durables festive purchases festival season sale discount pay commission india bullish ecommerce snapdeal amazon flipkart offline online diwali consumer customer

GST impact: Consumer durables burden may not be passed on to consumers

The consumer durables industry expects only a marginal price revision despite highest tax slab of 28% Jul 2, 2017
Apple India

An Apple pie less pricy: iPhone, iPad rates take slice-downs on GST effect

7.5 percent cut on prices of all iPhone models in India; Apple Watch and Mac prices too take a fall. Jul 1, 2017
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