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EU approves Italy's plan for break up of two struggling Venetian banks

The European Commission swiftly approved Italy's plans, announced on Sunday, to break up two ailing Venetian banks using state funds.

4 hours ago

Image for representational purpose only. (File photo | Reuters)
Airtel offers up to 30 GB additional data for three months through app

This is an extension of a similar offer the company had rolled out earlier this year.

5 hours ago

HDFC chief Deepak Parekh (File photo | Reuters)
HDFC to list subsidiaries at opportune time: Deepak Parekh

The HDFC chairman said that allowing customers to shift their housing loans from one lender to another at will does not necessarily ensure growth in housing.

14 hours ago

Replacing Obamacare by new law in US risk to business: Dr Reddy's

The Trump administration in the US plans to repeal and replace The Patient Protection and Affordable Care Act (PPACA), nicknamed Obamacare.

14 hours ago

New India Assurance IPO likely to hit capital market by December

New India Assurance is the largest among the four PSU general insurance companies that are wholly-owned by the government.

15 hours ago

A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar. | File/Reuters
Reliance's new capex plan to delay deleveraging, says S&P

Rating agency S&P has said the Rs 40,000-crore capex that Reliance announced last week in deep water gas fields will delay its deleveraging.

16 hours ago

File photo of telecommunication towers in Hyderabad (Reuters)
Telecom woes: IMG to submit policy recommendations in July

The inter-ministerial group (IMG) was set up on May 16 to examine issues that are affecting viability and repayment capacity of telecom companies.

16 hours ago

SBI chief Arundhati Bhattacharya (File photo | Reuters)
SBI chief's salary zilch compared to counterparts in private banks

SBI, one of the world's 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.

16 hours ago

Former Union minister P Chidambaram. | PTI File Photo
YV Reddy wanted to quit twice as RBI Governor on difference with Chidambaram

RBI governors share bittersweet relationship with the government but rarely has any central banker contemplated leaving his job twice, as did Y Venugopal Reddy.

18 hours ago

Infosys CEO Vishal Sikka | File
11,000 jobs released by automation at Infosys

Infosys said that in fiscal 2017, automation has released the jobs of 11,000 full-time employees.

21 hours ago

Image for representative purpose only | File Photo
Major blow for IT industry

Infosys said that in fiscal 2017, automation has released the jobs of 11,000 full-time employees.

22 hours ago

A sign board in the Infosys campus at the Electronics City IT district in Bengaluru (File Photo | Reuters)
Infosys announces finalising of system for capital allocation plan

Infosys announced on Saturday that it is in the process of finalising a suitable “distribution mechanism” for its `13,000-crore capital allocation plan to shareholders for this fiscal.

24 Jun 2017

Vishal Sikka, CEO of Infosys. | Reuters File Photo
Automation is the future of it: Infosys CEO Vishal Sikka

Infosys Ceo Vishal Sikka chalked out the way that the Indian IT industry will take in the future, stressing the importance of automation and its effect on how IT firms do business.

24 Jun 2017

CAIT will reach out to six crore traders through 100 GST clinics across india

 Confederation Of All India Traders (CAIT), a traders’ body, will organise 100 GST clinics across the country to familiarize traders with the new indirect tax regime, which will be in place from July

24 Jun 2017

Accounting firms clear winners as GST draws near 

Some industries might be losers and some might be gainers post GST, but companies focusing on creating software and accounting products for taxation requirements are eyeing  new business opportunities

24 Jun 2017

GST Council Secretariat key to resolving any issue after July 1

The GST Council Secretariat post July 1, will have a critical role to play. The success of resolving any issues quickly and amicably between the states and the centre depends upon it.

24 Jun 2017

Rural markets still hold much promise: Mahindra Finance MD

A late entrant to the market, Mahindra Finance now has upwards of 1,400 branches across India, a presence in one of every two villages and plans to expand its footholds to cover over 1.5 lakh villages

24 Jun 2017

An employee cleans a Snapdeal logo at its headquarters in Gurugram on the outskirts of New Delhi, India April 3. (File Photo | Reuters)
Snapdeal files police case against local logistics firm Quickdel

Snapdeal has filed a police complaint against a local logistics company, in which it owns a stake, of defrauding it of 3.57 billion rupees.

24 Jun 2017

Infosys Chairman Board Member R Seshayee L speaks as Infosys CEO Vishal Sikka Chief Financial Officer M D Ranganath R look on during the 36th Annual General Meeting of the company in Bengaluru on Saturday. | PTI
Infosys takes founders' comments seriously: R Seshasayee

Infosys Chairman R Seshasayee today said the company takes promoters' suggestions "seriously" and will continue to engage with co-founders, including N R Narayana Murthy.

24 Jun 2017

File Photo for Representational Purposes. | Express Photo Service
GST to make exports more competitive: Commerce Secretary

Implementation of Goods and Services Tax (GST) from July 1 would help reduce cascading effects of multiple taxes, lower cost and make exports more competitive, Rita Teaotia said.

24 Jun 2017

Infosys File Photo | Reuters
Infosys Chairman R Seshasayee to retire next year, wants smooth transition

Infosys Chairman R Seshasayee today said it will be his last AGM before he retires next year in May and plans a smooth transition to his successor.

24 Jun 2017

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