Finance Minister Nirmala Sitharaman has accused former Prime Minister Manmohan Singh of leaving behind "a nasty stink of corruption" in the public banking sector, which suffered its "worst phase" under him and former Reserve Bank Governor Raghuram Rajan. During Rajan's tenure "loans were given just based on phone calls from crony ...
In what could give the ongoing bitter war between Cloud majors Oracle and Amazon Web Services (AWS) a rest, Amazon has announced it has completely shed legacy Oracle databases and its entire consumer business is now running on its own AWS databases. "I am happy to report that this database migration effort is now complete. ...
Despite aggressively deleveraging the balance sheet to the tune of Rs 1,40,000 crore through monetisation of several key assets, the existing businesses of Essar Group in the sectors of energy, infrastructure, metals & mining, services and technology, have a combined revenue of $13 billion, or almost Rs 100,000 crore, said Essar Capital Direct...
The outlook for the Indian economy for the current fiscal seems to get bleaker by the day as major economic forums and institutions have of late revised the country's GDP forecast downwards, with the International Monetary Fund (IMF) being the latest in the fray....
Software major Wipro on Tuesday reported Rs 2,550 crore net profit for the second quarter (Q2) of fiscal 2019-20, registering 35 per cent growth over the same period last year. ...
In the gloomy global economic picture painted by the International Monetary Fund (IMF), India retains its rank as the world's fastest-growing major economy, tying with China, with a projected growth rate of 6.1 per cent for the current fiscal year, despite an almost one per cent cut in the forecast....
Commuters travelling by the Delhi Metro's Yellow line on Tuesday faced issues due to a delay, forcing trains to move at a slow pace between Qutub Minar and Huda City Centre. The stretch is important for the people working in Gurugram....
A number of Afghan businessmen have called on the government to increase tariffs on Pakistan's seasonal exports, a media report said on Tuesday. The businessmen added that the government should impose tariffs not only on Pakistan, but Iran as well, for fruits and vegetables, TOLO News said in the report....
The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman stating that the Central government does not want its representatives on the boards of public sector banks. In his letter to Sitharaman on Monday, AIBEA's General Secretary ...
With its employee unions threatening a day-long hunger strike on Friday over delayed salaries during the festival season, state-run Bharat Sanchar Nigam Ltd (BSNL) has said that it is hopeful of paying salaries to its 1.76 lakh employees for September before Diwali. ...
