Flipkart looks to jump on board the make-in-India bandwagon -21 Nov,2016:->The online marketplace’s Executive Chairman Sachin Bansal is prepping up a team to handle the India-made private label business.
TeamLease Services Limited, one of India’s largest composite staffing company, today announced the signing of a definitive agreement to acquire ASAP Info Systems Private Limited. The transaction remains subject to customary closing conditions and regulatory approvals.
Banks will need higher haircuts to resolve NPAs: UCO Bank -15 June, 2017 : Taking higher haircuts is the way forward for resolving the bad loans of banks, UCO Bank MD and CEO R.K. Takkar said on Wednesday.
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Warning bell! TCS at 6-month low, dives 6% on Q2 cautious stance:Analysts are also a bit cautious about the sector as a whole. Ravi Menon of Elara Capital says that Federal Reserve not hiking rate is impacting net income of banks in the US which is adding pressure on companies and could have led to cautioning views.TCS has also said that it will update investors on business trends in Q2 FY17. Cognizant, too, slashed its full-year revenue forecast for the second consecutive quarter.
SBI becomes 6th most valuable company, beats Infosys, HDFC -11 Nov,2016 :->The State Bank of India has become the sixth most valuable firm in the country after it beat market valuations of IT giant Infosys and mortgage lender HDFC, reports Mint.