RBI official asks banks not to use govt capital to clean books

Last Updated: Monday, August 31, 2015, 19:04

A senior Reserve Bank official Wednesday said state-run lenders should use the capital received from the government to grow their credit books rather than clear their large pile of bad assets.

FDI in services sector dips 14% in April-June quarter

Last Updated: Sunday, August 30, 2015, 10:39

The (services) sector contributes about 60 percent to the India's economic growth. In FY 2013-14, foreign investment in the sector increased to USD 3.25 billion from USD 2.22 billion in the preceding fiscal.

Reliance Capital pledges 5.14% stake with Axis Trustee

Last Updated: Saturday, August 29, 2015, 22:25

Reliance Capital has pledged 1.30 crore shares, or 5.14 percent stake, with Axis Trustee Services.

ibibo picks minority stake in hotel solution firm Djubo

Last Updated: Friday, August 28, 2015, 17:13

However, the financial details of the transaction was not disclosed.

Edelweiss Financial Services shares surge over 4%

Last Updated: Wednesday, August 26, 2015, 13:05

Shares of Edelweiss Financial Services Wednesday surged over 4 percent, after its subsidiary Edelweiss Tokio Life Insurance got necessary approval from FIPB to increase its FDI cap.

SSTL Q2 net loss at Rs 400.4 crore

Last Updated: Wednesday, August 26, 2015, 12:37

Sistema Shyam Teleservices (SSTL), which operates its telecom services under the MTS brand, on Wednesday reported marginal widening of net loss to Rs 400.4 crore for the quarter ended June 30, 2015, on account of forex losses.

Uber launches in four more cities

Last Updated: Monday, August 24, 2015, 15:07

This follows the launch of Uber in seven cities (Bhubaneswar, Coimbatore, Indore, Mysore, Nagpur, Surat and Visakhapatnam) in July.

Bandhan Bank will focus on MSMEs: FM Jaitley

Last Updated: Sunday, August 23, 2015, 11:33

The Kolkata-based BFS had received a nod from the Reserve Bank of India (RBI) to start commercial banking operations last year.

Infosys: What is Aikido?

Last Updated: Friday, August 21, 2015, 17:33

Aikido will focus on design thinking, platforms and knowledge-based IT.

Airtel, Uber sign pact for free 4G Internet on the go

Last Updated: Friday, August 21, 2015, 14:41

US-based taxi-hailing app Uber has signed an agreement with telecom major Bharti Airtel to offer free high-speed Internet in its cabs across the country.

Uber, Ola to offer free wi-fi services to passengers

Last Updated: Friday, August 21, 2015, 13:58

Uber has tied up with Airtel to offer the internet service.

Infosys announces Aikido enhanced service offerings

Last Updated: Thursday, August 20, 2015, 20:49

Country's second-largest software services firm Infosys Thursday announced new services -- Aikido -- that will focus on design thinking, platforms and knowledge-based IT as part of its efforts to return to industry-leading growth numbers.