Category archives for: Business

Accenture, Grameen Foundation’s apps to boost women’s financial inclusion

  Accenture Labs in collaboration with the non-profit Grameen Foundation has developed two artificial intelligence (AI) and augmented reality (AR)-based applications that can boost rural women’s access to financial services. The apps — Emotional Analytics for Social Enterprises (EASE) and Grameen Guru — will be rolled out by Grameen Foundation India across 300 villages in […]

Sebi fines NDTV for disclosure lapses

New Delhi: Securities market regulator Sebi has fined media organisation NDTV, and four individuals for lapses in mandatory disclosure. According to a Sebi order dated March 16, NDTV has been fined Rs 10 lakh. Besides the firm, the regulator has fined — Prannoy Roy, Radhika Roy, Vikramaditya Chandra and Anoop Singh Juneja — Rs 3 lakh […]

Oil prices climb as US equities rebound

Oil prices ended higher as US stocks market rebounded. The West Texas Intermediate for April delivery on Friday rose $1.15 to settle at $62.34 a barrel on the New York Mercantile Exchange, while Brent crude for May delivery added $1.09 to close at $66.12 a barrel on the London ICE Futures Exchange, Xinhua reported. US […]

Rs 9.1-cr Chandri Paper fraud reported to CBI on Feb 13: PNB

The Punjab National Bank (PNB) on Saturday clarified that Rs 9.10 crore fraud unearthed pertaining to Chandri Paper and Allied Products was not a new fraud. “It is not a new fraud. Fraud had already been declared in respect of fradulent and unauthorised issuance of two LoUs for Rs 9.10 crore on the account of […]

RBI likely to hold interest rate at monetary policy review

Mumbai: With the annual retail inflation rate breaching the five per cent mark in December and going over the RBI’s median level of four per cent, the central bank is widely expected of keep its key interest rate on hold for the fourth time in succession at its final bi-monthly monetary policy review of 2017-18 slated […]

Only 3% corporate workers concerned about health: Assocham

New Delhi: Despite the increase in lifestyle diseases, only three per cent workers in the corporate sector are worried about their health, a survey by Assocham released on Monday said. People are not concerned about their health as “the majority of it (them) is hardly able to spare resources beyond meeting their daily needs and (due […]

‘RBI shouldn’t hike rate for fear of Budget stoking inflation’

New Delhi: The RBI should refrain from raising interest rates owing to concerns about inflation being stoked by the pro-farm sector proposals of the budget 2018-19, industry chamber Assocham said on Sunday ahead of the central bank’s final bi-monthly monetary policy review of the fiscal slated for the next week. Presenting the Union Budget for the […]

Tea production up by 9.47% in December 2017

India’s tea production in December 2017 stood at 70.06 million kg, up by 9.47 per cent from the 64 million kg produced in the year-ago month, according to Tea Board India data. The increase of 6.06 million kg in the last month of 2017 was mainly due to the rise in production in north India, […]

Budget: Excise cuts have no effect on fuel prices, disappoints industry

New Delhi: With the strategic petroleum sector still outside the GST regime, petrol and diesel were among the few other items that figured among the part on indirect taxes in the last full budget just presented by Finance Minster Arun Jaitley before the 2019 general elections. Even as the Union Budget 2018-19 proposed levy of road […]

Sony names CFO Kenichiro Yoshida as President

Tokyo: Japanese multinational company Sony on Friday announced that its Chief Financial Officer (CFO) Kenichiro Yoshida will take over as President and CEO from Kazuo Hirai, who will be the company’s new chairman. The appointment of Yoshida, 58, will be effective from April 1 the company said, adding that Hirai himself had proposed Yoshida’s name […]

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