In one of the biggest deals in the outsourced product development (OPD) market, audio and infotainment systems maker Harman International Industries will buy Indian-born serial entrepreneur Romesh Wadhwani's Symphony Teleca for $780 million (about Rs 4,800 crore at Friday's exchange rate of 61.4).
It is likely he will rope in an international ATM manufacturer as a strategic partner with equity stake.
TCS had in recent weeks been the subject of reports of a large number of layoffs.
A host of lenders, including State Bank of India, IDBI Bank, Indian Bank and Andhra Bank, have lined up meetings of their asset-liability committees this week, to review their lending and deposit rates.
TCS is confident of bringing in industry-leading numbers, despite soft third quarter results
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
Technology evolution forces private players to downsize operations.
Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
According to a study more than one-fifth of India's product start-ups are from the city.
Customers using e-commerce websites are young and techno-savvy.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
The author meets the brains behind Unocoin, the first Indian Bitcoin exchange and merchant processor in India to have raised international funding.
In India, Twitter has so far focused on cricket alone, given the game's popularity among the masses here.
SBI's number of foreign offices increased from 186 in March 2013 to 190 in March 2014, in 36 countries.
A senior RBI official said the regulator was focusing on performance of banks' statewise and in each district.
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.
SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75,00,000
These numbers show overall exposure and are not a reflection that all loans are going to be impacted.
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