Infy CEO and MD talks about the factors behind the company's performance in the quarter.
UAE Exchange partners ElectraCard Services to launch 'gocash', which enables cardholders to use appropriate currency loaded on the card.
Leveraged balance sheets expose banks to sudden shocks.
Agitation against 7-day banking move prompts action.
The IT co has over 2,500 employees catering to a strong client base in the country
Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
Unions said the revised wage structure should reflect the merger of dearness allowance.
Also on agenda is rising credit flow to MSMEs & farm sector.
Lenders to Kingfisher Airlines have been left in the lurch, with most hoping the airline resumes operations, as this would ensure at least some revenue flow.
The company has not indicated the exact rise in prices of its models
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
Microfinance institutions' deluge of problems, it seems, is never-ending.
But weak global demand, costly imports play spoilsport
The Karnataka government is actively considering the possibility of changing the location for a proposed steel plant of Posco in north-central Gadag district; instead offer the South Korean major an alternative land elsewhere in the state. The move comes after the farmers of Halligudi village stiffly opposed plans to acquire their "fertile" land ahead of starting work on the project.
After establishing a presence in Indonesia and Sri Lanka, Icra, the rating agency and associate of Moody's in India, plans to expand further in Asia to get a slice of business from the growing bond markets.
The machine tools industry is always the first to be affected in a slowing economy and the last to recover during a revival. However, bucking this trend for the first time, the Indian machine tool sector is poised to grow by over 15 per cent this year.
State Bank of India and IDBI Bank have decided not to go to the IIMs this year.
Bankers and industry analysts say a number of public and private sector banks have expressed willingness to offer fresh loans to Indian companies to help them repay their overseas dues maturing in the near term.
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