Infosys CEO Vishal Sikka meets Arun Jaitley
Infosys CEO Vishal Sikka met finance minister Arun Jaitley amid industry-wide concerns over tighter visa norms in key markets like the US and layoffs in the IT sector Source: Livemint.com…
RBI’s freedom gets crucial test after rate decision
The recent friction between the RBI and the Narendra Modi government over a controversial rate call offers up a test case of central bank independence Source: Livemint.com (http://www.livemint.com/rss/industry)
SBI merger with associate banks may further deteriorate asset quality
Merger of retail loan portfolio of associate banks with the parent bank is likely to worsen the latter’s asset quality, a sign that bad loan clean-up is not yet over…
Discounts at petrol pumps costing OMCs Rs1,500 crore every quarter
Indian Oil, Bharat Petroleum and HP are losing Rs1,500 crore every quarter due to discounts to customers purchasing fuel using cards, mobile wallets Source: Livemint.com (http://www.livemint.com/rss/industry)
Russia’s Rosatom may acquire wind power projects in India
Russian firm Rosatom State Atomic Energy will increase its India investments with wind energy projects, may also set up small hydropower projects in the country Source: Livemint.com (http://www.livemint.com/rss/industry)
Arun Jaitley hints at no review of GST rate on hybrid cars
Arun Jaitley says industry demands not in sync with a study conducted by tax officers, indicating that GST rate on hybrid cars will not be reviewed Source: Livemint.com (http://www.livemint.com/rss/industry)
China condemns EU for new steel anti-dumping duties
China accuses the European Union’s executive of making it an industrial scapegoat Source: Livemint.com (http://www.livemint.com/rss/industry)
India power plants stranded as discoms scramble to connect 50 million homes
India is building more power plants than it can utilize as state-level distributors struggle to connect 50 million households, says CEA chief Source: Livemint.com (http://www.livemint.com/rss/industry)
By 2021, Indian firms can save at least $600 mn annually with HR tech, say experts
HR outsourcing and technology firm PeopleStrong estimates Indian firms spend nearly $500 million towards managing full-time employees in the organized sector Source: Livemint.com (http://www.livemint.com/rss/industry)
Passenger vehicle sales growth slows to 8.63% in May
Passenger vehicle sales grew to 251,000 units in May from 231,000 units in the year-ago period Source: Livemint.com (http://www.livemint.com/rss/industry)