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RIL may buy controlling stakes in Hathway, DEN Networks; stocks rally
Posted on 16th October 2018
Shares of Hathway Cable and DEN Networks rallied up to 8 per cent in opening deals on Tuesday on reports that Mukesh Ambani led-Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom, and DEN Networks, as it seeks to ramp up coverage of its ambitious high-speed broadband network.

TCS to offer 40% more jobs to new techies via its National Qualifier Test
Posted on 16th October 2018
Tata Consultancy Services (TCS) will offer 40 per cent more jobs to fresh engineering graduates during the ongoing campus placements this year, compared to last year. Stronger demand across key sectors and geographies for the company’s services had prompted this decision.

The Mumbai-headquartered company said it would make offers to 28,000 candidates, who are being selected through a National Qualifier Test. This selection process has been introduced this year.


Employees urge Microsoft not to bid for US military project: Report
Posted on 15th October 2018
Following Google’s exit from a controversial US military Cloud project, an open letter claiming to be from an unspecified number of Microsoft employees has urged the tech giant to also back out of the military project.

Potentially worth up to $10 billion, “Joint Enterprise Defense Infrastructure (JEDI)” is a Cloud computing contract aimed to bring the entire military under the envelope of a single Cloud provider.


L&T arm bags orders worth Rs 1,000 cr in Q2
Posted on 15th October 2018
NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Monday said that its heavy engineering arm has bagged additional orders worth over Rs 1,000 crore during the September quarter.

The L&T Heavy Engineering, the heavy engineering arm of Larsen & Toubro, has secured additional orders worth 1,050 crore in the second quarter this fiscal.


Fuel prices continue to rise, PM Narendra Modi to meet oil company heads
Posted on 15th October 2018
Fuel prices continued to rise across the four major metros on Sunday even as Prime Minister Narendra Modi prepares to meet oil company chiefs here on Monday to take stock of the global energy scenario.

In the national capital, petrol was priced at Rs 82.72 per litre, up from Rs 82.66 on Saturday, data on the Indian Oil Corporation website showed.


Good news for SBI customers: Bank offers cashback and huge discounts, here's how you can avail
Posted on 15th October 2018
Ahead of the festive season, State Bank of India has announced various cashback offers and attractive discounts for its customers. If you have downloaded SBI's YONO app, then you would have access to various lucrative deals that have been offered by the bank.

Air India crew member falls off aircraft, hospitalised
Posted on 15th October 2018
A 53-year-old air hostess suffered serious injuries after falling off an Air India aircraft which was getting ready for departure for New Delhi from the Chhatrapati Shivaji International Airport here, a source said on Monday.

The incident happened on Air India flight AI 864 operating on Mumbai-Delhi route, according to the airline source.


Who will be Rana Kapoor's successor? YES Bank may select MD & CEO by Dec 15
Posted on 15th October 2018
Private lender YES Bank is expected to complete the selection process to replace Rana Kapoor as managing director and chief executive officer in another two months. December 15 is a cut-off that the bank has set for itself, a source in the know said.

The Reserve Bank of India (RBI) wants adequate time to vet YES Bank’s choice of Kapoor’s successor, before the new chief can take charge on February 1, 2019. In order to comply with the timeline, the bank plans to send its preferences to RBI for approval around mid-December.


Chanda Kochhar seeks more time to appear before Sebi for a personal hearing
Posted on 15th October 2018
ICICI Bank’s former managing director and chief executive officer (MD and CEO), Chanda Kochhar, has sought more time to appear before the Securities and Exchange Board of India (Sebi) for a personal hearing, said a source in the know.

Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.


Rupee makes sharp U-turn, opens 23 paise lower against dollar
Posted on 15th October 2018
Making a sharp U-turn, the rupee on Monday opened 23 paise lower at 73.80 against the US dollar. Minutes later, the currency slipped 32 paise to hit 73.89 levels.

The domestic currency strengthened by 55 paise to settle at 73.57 on Friday, marking its biggest gain in over three weeks as global crude prices eased and domestic indices staged a smart rebound.


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