Record low credit growth: 1,000 cos borrowed Rs 1 lakh cr less in FY17

Financial News The record low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed corporates which saw their net loan outstanding decline by a whopping Rs 1 trillion in the reporting year, said a report. One-third of this massive contraction was led by just 10 companies, which cumulatively… Continue reading Record low credit growth: 1,000 cos borrowed Rs 1 lakh cr less in FY17

Reliance Jio active subscriber additions slowing down? Airtel wins in April

Financial News : Reliance Jio has begun to witness a slowdown in active subscriber additions. For the first time since September, when Jio stormed into the market, Bharti Airtel has added more active subscribers than Jio. As per reports by Goldman Sachs and ICICI Securities, Jio added 0.4 million active subscribers in April as compared… Continue reading Reliance Jio active subscriber additions slowing down? Airtel wins in April

Nokia 3, Nokia 5, Nokia 6 launched in India; know the price and specs here

Finnish telecom firm HMD Global, which manufactures and markets Nokia handests, on Tuesday launched the much-awaited Nokia 3, Nokia 5 and Nokia 6 smartphones in India, priced at Rs 9,499, Rs 12,899 and Rs 14,999, respectively. While the Nokia 6 is going to be available from July 14, exclusively on Amazon, the Nokia 3 and… Continue reading Nokia 3, Nokia 5, Nokia 6 launched in India; know the price and specs here

Good news for those planning to buy homes: SBI makes home loans cheaper

Financial News : Country‚Äôs largest lender State Bank of India has decided to reduce interest rates on home loans above Rs 75 lakh by 10 basis points to 8.6 per cent per annum. Revised rates would be effective from June 15. For salaried women borrowers, the rates have been changed to 8.55 per cent per… Continue reading Good news for those planning to buy homes: SBI makes home loans cheaper

Uber fires APAC chief for accessing, sharing Delhi rape victim’s records

Financial News : US ride-hailing company Uber fired a senior executive who obtained medical records of a passenger who was raped by her Uber driver in India, on the pretext of investigating whether it was a ploy by competitor Ola to sabotage its India operations. According to two reports by ReCode and The New York… Continue reading Uber fires APAC chief for accessing, sharing Delhi rape victim’s records

Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group

Financial News : Piramal Finance (PFL), the lending arm of Piramal Enterprises, on Wednesday said that it has financed Rs 1,100 crore to Bengaluru-based Embassy Group. This funding has been done sequentially across both residential and commercial projects in Bengaluru, Chennai and Hyderabad over the past six months. Piramal first gave Rs 360 crore to… Continue reading Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group

Sony Xperia XZ Premium with 4K screen launched in India at Rs 59,990

Sony India has launched in the country its flagship smartphone, the Xperia XZ Premium, at Rs 59,990. The smartphone, the first to feature a whopping 4K display and a powerful 19-megapixel camera capable of recording incredible slow motion videos, had been unveiled during the Mobile World Congress (MWC) 2017. In terms of specifications, the Sony… Continue reading Sony Xperia XZ Premium with 4K screen launched in India at Rs 59,990