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Facebook Partners with UC Web Mobile Browser to Gain More Active Users in India
Posted on 16th January 2015
Facebook has tied up with Alibaba-owned Chinese mobile browser – UCWeb, to grow its active user base in India by allowing people to stay connected to the social network even if they don’t download its app on their smartphones. Once users turn-on the feature, they will get notifications from Facebook through UC Browser even when it is closed. This move will help the users to get the Facebook’s notifications directly in UC Browser.

As per TechCrunch report, UCBrowser currently holds 41.23 percent market share of the Indian market, so signing up with UCWeb can also help Facebook to attract more people in India.

Anupam Shrivastava is new BSNL chairman and managing director
Posted on 16th January 2015
Anupam Shrivastava has been appointed the chairman and managing director (CMD) of state-run BSNL from January 15, a company statement said here Friday.

Mr. Shrivastava has been appointed CMD of BSNL for a period of five years or till the time of superannuation at the age of 60 years, it said.

Axis Bank Q3 net up 18 per cent at Rs. 1,899 crore
Posted on 16th January 2015
Private sector lender Axis Bank reported 18.4 per cent rise in its net profit to Rs. 1,899.76 crore for the third quarter ended December FY15.

The third largest private sector bank’s net profit in the corresponding October-December quarter of FY14 stood at Rs. 1,604.11 crore.

Lenovo launches India’s cheapest 4G smartphone A6000 for Rs 6,999 exclusively on Flipkart
Posted on 16th January 2015
Chinese tech giant Lenovo today unveiled the country’s most affordable 4G LTE smartphone, priced at Rs 6,999 as it looks to cash in on the booming demand for high-speed data services.

Lenovo’s A6000 was unveiled at the CES in Las Vegas last week. The device has been aggressively priced to compete with Xiaomi’s Redmi Note 4G (Rs 9,999) and Yu’s maiden device — Yureka (Rs 8,999).

BJP's Delhi challenge - getting youth and middle class to vote
Posted on 16th January 2015
The challenge facing the Bharatiya Janata Party (BJP) in Delhi – bigger than winning the hearts of the city’s sizeable Dalit population or negating Arvind Kejriwal’s ‘disclosure a day’ against its leaders – is to get its middle class support base to the polling booths on the day of voting on February 7.

Sebi notifies new insider trading regulations
Posted on 16th January 2015
The Securities and Exchange Board of India (Sebi) on Thursday notified the Prohibition of Insider Trading (PIT) Regulations, 2015to replace a two-decade framework.

In addition to broadening the definitions of unpublished price-sensitive information (USPI), insider and connected persons, the legal perspective suggests graver consequences for company officials involved in selective exchange of information.

BHEL bags Rs 1,202-cr power project order in Karnataka
Posted on 16th January 2015
State-owned Bharat Heavy Electricals Limited (BHEL) has bagged a contract from the Karnataka Power Corporation Limited (KPCL) for setting up a Combined Cycle Power Plant (CCPP), valued at Rs 1,202 crore on engineering, procurement and construction (EPC) basis. The contract involves supply and commissioning of a fuel-efficient Advanced-class Gas Turbine.

YES Bank plans to seek regulator nod for entering mutual fund business
Posted on 16th January 2015
Private sector lender YES Bank plans to seek approval from regulators for entering into the asset management and primary dealership business.

“With a view to complete the overall bouquet of financial products to its customer franchise, the bank plans to set up an asset management company (AMC), primarily to channelise the savings of retail investors in equity and debt capital markets.

Bajaj net slides 5%, as do home sales, though exports keep up
Posted on 16th January 2015
Bajaj Auto, the country’s third biggest two-wheeler maker, reported a five per cent decline in net profit for the December quarter, hit by falling demand for its motorcycle range in the domestic market.

The Pune-based company posted net profit of Rs 861 crore, against Rs 905 crore in the same quarter a year before. The profit, however, beat the market estimate of Bloomberg, which expected it to be Rs 836 crore.

TCS reports flat net profit growth in Q3
Posted on 16th January 2015
The earnings of Tata Consultancy Services (TCS) for the quarter ended December last year met industry estimates but failed to impress analysts, unlike the earnings of its peer, Infosys.

TCS’ net profit and revenue narrowly missed the Bloomberg consensus estimates of Rs 5,493 crore and Rs 24,534 crore, respectively. The company paid 100 per cent variable pay, which might have hit its profit for the quarter.

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