State Bank of India, one of India’s most respected banks, came up with a suggestion to scrap the cash reserve requirement held by the Reserve Bank of India.
Everonn Education Ltd crossed over 8 per cent today after the company struck a deal with Bharti group company, Centum Learning.
Over two-thirds of banking activity in the country was affected today as employees of public sector banks and some old private banks went on strike to protest against a new legislation that “would give more voting powers to bank shareholders and pave the way for corporate entry into banking.”
Most of the members of the Technical Advisory Committee (TAC) on Monetary Policy of the RBI had proposed a status quo in policy rates during the first quarter review of the monetary policy on July 31st.
Apple and Samsung, both have claimed, in their closing arguments of their patent battle, that the spirit of Silicon Valley is their innovation.
The combined market capitalisation (m-cap) of six of the top Sensex companies rose by Rs 17,658 crore last week. Reliance Industries was seen as the biggest gainer with Rs 10,696 crore.
Canara Bank has announced the launch of a new life insurance scheme called "Canara Freedom Suraksha”. "It offers a cover of Rs one lakh for all its savings bank customers as a value-added service at a very nominal premium", the bank said in a statement.
Google, for the very first time, is holding g-India across five Indian cities to increase its business network and “to reach out and cultivate an ecosystem of business partners, clients and software developers”.
An IT services renowned name - Infotech Enterprises announced its plans to buy majority stake in the aerospace engineering joint venture it has with American aircraft engine maker Pratt & Whitney.
The rupee softened by six paise to rest at 55.34 against the US dollar, in volatile trade. This occurred due to an increasing demand for the US currency from oil importers
China growth in industrial output fell to a three-year low in July.
One of India’s biggest software services exporter Infosys Ltd., has been chosen by India Post to “transform” its financial services platform.
India’s largest public sector bank, State Bank of India (SBI) has reported a net profit of Rs 3,752 crore for the quarter ended June. This confirms an increase of 137% over the net profit for the corresponding period last year.
Bogged down by a poor show by the manufacturing sector, especially capital goods, industrial growth contracted by 1.8 per cent in June. This is the third such slide in four months, causing further deterioration in the overall economic scenario.
Online retail biggie Amazon launched its first online social game in order to challenge San Francisco based social game services provider Zynga.