Author: By NBM Team

SBI reports net profit of Rs 838 crore in Mar 2019 quarter; trims bad loan ratio

NEW DELHI: Country’s largest lender SBI on Friday said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down. The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during the corresponding January-March quarter of 2017-18. Income (standalone) […]

RIL to acquire British toy-maker Hamleys for Rs 620 crore

NEW DELHI: Mukesh Ambani-led Reliance Industries Thursday announced it will acquire iconic British toy-maker Hamleys for 67.96 million pounds (around Rs 620 crore) in an all-cash deal. Hamleys, a 259-year-old toy-maker, has struggled to generate profits in recent times. It reported a profit after tax of 2.44 million pounds in 2018 after suffering a loss […]

Meeting of the 15th Finance Commission with the Reserve Bank of India

NEW DELHI: The 15th Finance Commission headed by Chairman, N.K. Singh today held a detailed meeting with the Governor and Deputy Governors of RBI in Mumbai today. Key issues raised by RBI Governor, Shaktikanta Das and Finance Commission Chairman, Singh were discussed in detail at the meeting. These issues included the following:– · The necessity […]

Facebook chooses London as base for WhatsApp payments: Report

LONDON: Facebook will launch WhatsApp Pay from London before it rolls out digital payments in India, said a media report on Wednesday. WhatsApp, which has1.5 billion users globally, will hire nearly 100 people in London to focus on the digital payments service and additional operations staff would be hired in Dublin, the Financial Times reported. […]

With Medlife “health comes home” indicate the brand’s new TVCs

NEW DELHI: India’s  online pharmacy Medlife has recently released new TVCs highlighting its standing as a holistic healthcare provider. Conceptualized by Lowe Lintas, Medlife’s new campaign unveils its tagline “Health comes Home” and showcases the brand’s various offerings with pithy and humorous messaging. Each TVC underscores the company’s commitment to its core brand value of securing […]

US to propose hike in H-1B application fee: Labour Secretary

By Lalit K Jha WASHINGTON: The Trump administration is proposing a hike in the H-1B visa application fee to increase funding for the expansion of an apprentice programme, which trains American youths in technology related activities, Labour Secretary Alexander Acosta told US lawmakers. Testifying before a Congressional committee on annual budget of the Department of […]

Piramal Enterprises signs MoU with Canada Pension Plan Investment Board

NEW DELHI: Piramal Enterprises Limited (PEL) today signed a Memorandum of Understanding with Canada Pension Plan Investment Board (CPPIB), a Canadian pension fund, to co-sponsor a renewable energy focused Infrastructure Investment Trust (InvIT). With an initial corpus of US$ 600 million, and the option to scale further, the InvIT would seek to acquire up to […]

India headed for slowdown; Narendra Modi government left economy in ‘dire straits’: Manmohan Singh

By Sanjeev Chopra NEW DELHI: Former prime minister Manmohan Singh on Sunday said India is headed for an economic slowdown and accused the Narendra Modi government of leaving the economy in dire straits due to its “lack of economic vision”. Citing the latest economic growth figures to suggest an impending slowdown, the senior Congress leader […]

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