India Post says open to partnerships for payments bank
Aug 20, 2015 at 12:41 | Source:
Mumbai: Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies."We are very excited about it. We have our own strength in te...
Payments banks important step, to expand rural banking, says Jaitley
Aug 19, 2015 at 20:35 | Source:
New Delhi: RBI granting payments bank licences is a significant step which will bring in more money into the system and spread the reach of banking to rural areas, Finance Minister Arun Jaitley said today."RBI giving payments banks licences is a...
Private sector professionals to head BoB, Canara Bank
Aug 14, 2015 at 22:56 | Source:
New Delhi: Bank of Baroda and Canara Bank today became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.Apart from these two, Financial Services Secretary ...
Rupee fall triggers sharp rally in IT shares; BSE IT index outperforms
Aug 11, 2015 at 12:19 | Source:
China's decision to devalue its currency seemed to have paid rich dividends for shares of export-lead domestic information technology (IT) companies even as the broad market receded sharply after a sluggish opening trade.As China devalued its currenc...
India IT outsourcing firms seek booster shot from Obamacare
Jul 08, 2015 at 11:56 | Source:
India's IT outsourcing firms are betting on U.S. President Barack Obama's healthcare reform to rev up revenue growth which is slowing as the $146 billion industry's key financial and manufacturing clients spend less on software services.The United St...
We are now competition to IBM, HP: Dimension Data
Jun 11, 2015 at 14:39 | Source:
One of the niche players in Gartners cloud infrastructure-as-a-service (IaaS) Magic Quadrant 2015, Dimension Data feels that it is in the right position with the right offerings to compete in the Indian data centre market. With the market heating up ...
Investors hammer Tech Mahindra down 14%, Tata Motors 7% after poor results
May 27, 2015 at 11:35 | Source:
Shares of Tech Mahindra and Tata Motors took a sharp beating on the bourses in early Wednesday trade, after both the companies reported disappointing fourth-quarter earnings a day before triggering sharp unwinding of positions by investors. Sharp fal...
Post Bank of India may be dream as yet, but imposters wouldnt wait
May 21, 2015 at 10:42 | Source:
The proposed Post Bank of India (PBI), the long cherished dream of the India Post, is still a work in progress for the department since the Reserve Bank of India (RBI) is yet to give its nod for the plan, but imposters are already active on internet ...