Section: Business

Is Viral Acharya’s solution for stressed assets viable for Indian banks?

Published on By prameya news7 (author)

The stressed asset resolution mechanism suggested by the newly-appointed deputy governor of the Reserve Bank of India (RBI), Viral Acharya, might just be what the Indian banking system needs at a stage where it is threatened by a Rs7 trillion bad loan problem.

Bajaj Electricals extends trademark agreement with Morphy Richards

Published on By prameya news7 (author)

Bajaj Electricals has extended its trademark agreement with the UK-based electrical appliances company Morphy Richards for five more years from April 25.

Vishal Sikka says detractors attacking him to 'point of harassment'.

Published on By prameya news7 (author)

Infosys chief executive Vishal Sikka today hit out at detractors for "false and malicious" stories about the company saying they were "designed" to target him to the point of harassment.

IMF calls for 'more progress' on Greece bailout plan

Published on By prameya news7 (author)

The International Monetary Fund called for European countries to push ahead to reach a compromise on bailout reforms needed to unlock aid to Greece. The IMF welcomed the Brussels meeting Monday where eurozone ministers said they had made some progress in the months-old dispute, with Greece agreeing to new bailout reforms.

Tata Steel's Katamati Mine wins Best Green Award

Published on By prameya news7 (author)

Tata Steel’s Katamati iron mine has been honoured with the the Best Green Organisation of the Year Award at the Global Green Future Leadership Awards in recognition of its environmental protection measures.

Uber launches 'urgent' sexual harassment investigation

Published on By prameya news7 (author)

Uber chief executive Travis Kalanick has announced an “urgent investigation” at the ride-sharing company after a former employee wrote a blog post alleging sexual harassment and sexism at the firm.

Global arms trade highest since Cold War: study

Published on By prameya news7 (author)

Worldwide arms trade has risen to its highest level since the Cold War in the last five years, driven by a demand from the Middle East and Asia, a study said Monday.

Lloyd Electric Plunges 15% After Announcement Of Havells Deal

Published on By prameya news7 (author)

Havells India and Lloyd Electric and Engineering shares were in focus on Monday, after the Delhi-based maker of lights and fans announced over the weekend its decision to purchase the latter's consumer durables business in a Rs. 1,550-crore deal.

Rupee drops 4 paise against US dollar

Published on By prameya news7 (author)

The rupee was trading lower by 4 paise at 67.05 against the dollar in early trade today at forex market as the American unit strengthened overseas amid a lower opening of the domestic equity market.

Uber, Ola Drivers' Strike in Delhi-NCR Loses Steam as Availability Improves

Published on By prameya news7 (author)

The strike called by drivers of Ola and Uber against "low" fares and "lack" of basic amenities has started losing steam as cab availability increased in the Delhi-NCR on Sunday.