Refusing to clear the air on the buzz around the bank acquiring a microfinance lender, Sobti said the bank’s microfinance portfolio will grow to Rs 10,000 crore from Rs 3,000 crore over the next three years.

The offer at `275 per share is 17.6% less than its closing price of `334 on Monday.

Shares of Idea Cellular plunged 6.99 % on Monday closing the session at Rs 85.85 a share on the Bombay Stock Exchange (BSE) after the company on Saturday reported a poor set of numbers for the March quarter.

Interview: Mrutyunjay Mahapatra, deputy MD and chief information officer, State Bank of India.

The bench said SBI’s petition had not been drafted properly and suggested a “lack of seriousness” on the part of the petitioner.

Investors in ACC have reason to cheer as volume posted double digit growth in Q2CY17, up 10% y-o-y, after a gap of >5 years and is set for ~10% jump in CY17, on low base of ~9% dip in H2CY16.

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.

Opec, Russia and other non-Opec producers — an alliance known as Opec+ —agreed to reduce supply by 1.2 million bpd from January 1.

NII is the difference between interest earned and interest paid by a bank. The lender’s asset quality improved q-o-q with gross non-performing assets (NPA) of 17.36%, down 10 basis points over Q2FY19.

To make matters worse, a sizeable number of labourers from Odisha are employed in the Surat textile industry, said Ashish Gujarati, president of Pandesara Weavers' Association.

The total corporate bond issuance in FY19 was Rs 6.1 lakh crore, just slightly higher than `6 lakh crore mopped up in FY18.

Last year’s cotton sowing was estimated at 126.44 lakh hectare. Scientists say that early cotton sowing may be responsible for pink bollworm attack.

While we like the company’s diversified segmental presence, we moderate our order inflow and execution assumptions due to the ongoing economic slowdown and slower traction in railway EPC projects.

What's up with Apple Wallet?

Traditionally, our response to laws failing to arrest healthcare violence has been to simply increase the quantum and severity of punishment the next time.

The worst fate that can befall a person is being locked down, alone or with his family, with no money and no food.

The impression was reinforced when Rajnath Singh, and not Shah, was appointed last month to head the 15- member high-power ministerial committee coordinating with states on ensuring movement of essential supplies during the lockdown.

To bounce back from the pandemic quickly, India needs a stimulus package of at least 5% of GDP that focuses on broad-based development in laggard eastern states.

If the government were to follow FICCI’s recommendations and put out a package of 5-6% of GDP, with a focus on both the poor and the MSME sector, it is possible that the rupee may decline to, say, 85 or 90.

Amended FDI regulation is problematic under the WTO law. India should adopt a more facially neutral regulation

The president has claimed that he was being sarcastic when he talked about injecting disinfectant and exposure to high-dose UV rays as ways to fight Covid-19.

It is not just the lungs, it affects the heart, kidneys, brain... this is making treatment—and a lasting cure—difficult.

Before tertiary infections take root, it could perhaps be a good to plan to decongest the slums by arranging travel of migrants to their home in orderly manner without losing time

Corona will worsen world hunger, while malnutrition facilitates increased vulnerability to the pandemic.

The world must use this opportunity to fund global public goods and rebuild global systems to fight the right battles.

On May 3, the governments would have got 40 days time to do those things; the question is, do governments need more time?

By Abhinav Mukerji Recently, there have been a spate of news reports on measures issued through executive orders directing waiver of rents, reduction or freezing of school fees, continuation of employment, restriction on termination of employees, and restriction on reduction in salary in the wake of the Covid-19 pandemic. The government has also issued executive […]

While this makes China the first country formalising digital currency—Bitcoin alternatives have existed for long now—it also sounds the bugle for other central banks to join the race.

Containment zones must be marked ‘red’, not the entire district; also, will activity be curtailed if areas turn ‘red’?

Liquor-store crowds show the masses still don’t understand the importance of social distancing in fighting Covid-19

With China’s decreasing importance in global supply chains, being a low risk indexed location will allow India to win in global manufacturing stakes.

Israel has just reported a potent monoclonal antibody (mAb) against SARS CoV-2. Firms in South Korea, the US are leading mAb trials.

For ‘Act Now’, company leadership should create a “war room” with a senior cross-functional team, focused on scenario planning, prioritising crisis response, and managing initiatives in with dynamism and agility.

With the lockdown gradually easing, mobility data has begun to tick higher. But, a sudden rise in the Covid-19 proliferation rate, and working capital requirements, may add more road bumps ahead

India is better placed to manage uncertainty arising from different monetary policy...

The Realme Narzo 10 is arriving on May 11 and ahead of the launch, Realme confirmed that Narzo 10 will be powered by the Helio G80 SoC. Realme hasn't revealed the full specs sheet of the Narzo 10 yet, but the company previously confirmed that Narzo 10 will come with a 48MP quad camera, 6.5" waterdrop notch display, rear-mounted fingerprint reader and a 5,000 mAh battery. The Realme Narzo 10 is rumored to be a rebranded Realme 6i, and if that's true, you'll get an HD+ screen, 16MP front-facing camera, and a 48MP main camera on the back joined by an 8MP ultrawide, 2MP macro and 2MP...

The division between smartphones and feature phones has often been murky. In the past, it used to be about how well the device ran user-installed apps and games, these days it's mostly touch screen vs. keypad. But there always were devices that straddled the line between those two categories. Nokia X3-02 Touch and Type official photos Before Nokia released the no-quite-smartphone Asha phones, there were the two Touch and Type models. As we said, these phones tried to have it both ways. The Nokia X3-02 and C3-01 both came out in late 2010. What made them special was that...

With more than 49,000 positive Coronavirus cases in India, rolling out a vaccine has become a key focus for Indian scientists and researchers.

The scientists tested their vaccine on mice. The mice developed antibodies immediately after a single injection, which prevented the virus from infecting human cells. Researchers selected 2 of the five candidates for the vaccine after studying them with the best results.

Coronavirus COVID 19 vaccine news, latest update, human trials: Sanofi's Pasteur division has an established track record in influenza vaccines. Last month it had teamed with its British rival GSK to produce a vaccine candidate hoping that it will be ready in 2021.

In the age of social media, digital technology, IoT and 3D printers, it is difficult for a lot of people to understand the delays in creation of a vaccine for the new disease.

According to an official source, it has not been ascertained from where these doctors, nurses and paramedic staff have acquired the infection.

The CEO and cofounder defines adaptive messaging and shares the number one mistake marketers make when it comes to thinking about this concept. Plus, hear how Mary Poppins inspired his company's name

Novak Djokovic has been pictured soaking up the sun on a Marbella beach, just days after the Serbian tennis ace accidentally broke coronavirus restrictions by taking part in a training session on a clay tennis court.
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Billionaire Elon Musk has vowed to sue local authorities “immediately” after his Tesla electric car factory wasn’t allowed reopen due to Covid-19 restrictions, and has warned he’s considering pulling out of California altogether.
Read Full Article at RT.com

At least one person has died and dozens were evacuated following a fire at a Moscow hospital which has been treating coronavirus patients.
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The total number of people infected with Covid-19 has passed another somber milestone, exceeding four million, with more than 1.3 million of those hailing from the US, Johns Hopkins University reported.
Read Full Article at RT.com

It's been nearly two months since the last UFC show, but now the biggest MMA promotion is back with a stacked card and a world title double-header at the top of the bill. Follow our live updates throughout the night.
Read Full Article at RT.com

Not to be outdone by their peers back at home, the Russian military pilots keeping jihadists in check in Syria have pulled off their own Victory Day parade – and there’s this amazing footage to prove it.
Read Full Article at RT.com

Hours after Tesla CEO Elon Musk said that he would pull the car maker’s plant from the Golden State, the company sued Alameda county, accusing officials of “defying” state laws by refusing to allow the facility to reopen.
Read Full Article at RT.com