Truecaller aims 150 mn user base, launches SMS app in India

Last Updated: Tuesday, July 7, 2015, 20:36

Aiming to double its user base in India, Scandinavian IT firm Truecaller on Tuesday launched a mobile application, Truemessenger, that will help the users in identifying the sender of an SMS.

Base metal industry to grow 8-10% annually: Moody's

Last Updated: Tuesday, July 7, 2015, 20:09

Indian base metals industry is expected to grow by 8-10 percent annually over the next three years on the back of increased demand from power, construction and automotive sectors, rating agency Moody's said on Tuesday.

Kotak Bank lowers base rate to 9.75%

Last Updated: Wednesday, July 1, 2015, 16:38

"Kotak Bank has reduced its base rate from current level of 9.85 per cent per annum to 9.75 per cent per annum with effect from July 2," the city-based lender said in a statement.

Payworld eyes fivefold increase in revenue by 2018

Last Updated: Saturday, June 27, 2015, 15:39

Payworld has 1,500 outlets and plans to expand it to 5,000 over the next 12-15 months. Tamil Nadu constitutes 10 percent of the company's total revenue, he said.

Axis Bank queues up, cuts base rate by 10 bps to 9.85%

Last Updated: Friday, June 26, 2015, 18:10

A day after its bigger rival ICICI Bank cut its lending rate, the third-largest private lender, Axis Bank, Friday lowered its base rate by 0.10 percent to 9.85 percent, effective June 30.

Yes Bank cuts base lending rate by 25 bps to 10.5%

Last Updated: Thursday, June 18, 2015, 11:52

Base rate has been cut from 10.75 per cent to 10.50 per cent, Yes Bank said in a regulatory filing to the stock exchanges.

HDFC Bank cuts lending rate by 0.15%

Last Updated: Wednesday, June 17, 2015, 19:43

Private sector HDFC Bank has cut base rate or minimum lending rate by 0.15 percent, a move which will lower EMIs for its borrowers.

Telephone subscriber base rises to 999.71 mn in April: TRAI

Last Updated: Wednesday, June 17, 2015, 15:40

The telephone subscriber base stood at 996.49 million at the end of March, Telecom Regulatory Authority of India (TRAI) said.

BSNL putting up 5,000 BTS towers in the country

Last Updated: Sunday, June 14, 2015, 23:01

Union Minister for Telecommunications and Information Technology Ravi Shankar Prasad Sunday said that the public telecom operator BSNL is putting up 5,000 Base Transceiver Station (BTS) towers across the country to provide better services to its customers.

Government asks top taxmen to ideate for widening tax base

Last Updated: Sunday, June 14, 2015, 13:08

The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.

MF equity folio count rises 6 lakh in 2 months

Last Updated: Thursday, June 11, 2015, 15:47

Equity mutual funds are in an overdrive as they witnessed addition of nearly six lakh investor accounts or folios in the first two months of the fiscal, mainly on account of strong retail participation.

HSBC to cut up to 50,000 jobs, slash investment bank

Last Updated: Tuesday, June 9, 2015, 11:27

HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe`s biggest bank said on Tuesday.