The possibility of a rate cut by Reserve Bank of India in its August 4 policy meet is "fading", unless rains resume "convincingly" in central and western India next week, a Bank of America Merrill Lynch report says.

According to the global financial services major, rains are critical in sowing months of July-August and the ongoing dry spell in central and western India, which grows oilseeds, pulses and raw cotton, is worrisome.

After committing $2 billion investment to support its Indian growth in 2014, now Amazon has announced another massive $5 billion investment over the next few years. It has also announced several other service launches in India including Amazon Prime by the end of this year. The company is set to add instant video and subscription-based e-commerce services for Prime users, as ET reports.

Amazon plans to launch its Amazon Instant Video (AIV) service in India this year and has already started conversations with music labels and producers for sourcing content. In December, it hired Nitesh Kripalani, a former Sony Entertainment executive, to lead its new initiatives in India.

Infosys is expected to report 2.7-3 per cent sequential growth in the dollar denominated revenue for the June 2015 quarter. Analysts expect the company's operating margin to fall 140-190 basis points due to wage increases and visa costs.

The country's second largest software exporter (listed on Indian bourses) will declare the June quarter results on Tuesday, July 21. According to the average of estimates by seven brokerages and the forecast of ETIG, net sales of Infosys is likely to increase by 5.1 per cent to Rs 14089.3 crore compared with the previous quarter. Net profit is expected to fall by 1.9 per cent to Rs 3,038.1 crore.

The Securities and Exchange Board of India (Sebi) was gathering legal opinion on the listing of cooperatives, sources said.

Any group of individuals can form a cooperative society to act jointly for common benefit. Shares of cooperative societies in India are not offered to the public.

Indian airlines will no longer require prior permission to import aircraft as the civil aviation ministry plans to do away with the norm to facilitate ease of doing business.

The move is part of a slew of initiatives taken to improve business conditions in the domestic aviation sector. The ministry also expects to soon unveil the much-awaited aviation policy that would help attract more investments into the sector.

Microsoft recognises India as a “growth opportunity”, a senior company executive has said as he voiced enthusiasm over the potential of combining the firm’s technological tools with the country’s ambitious campaigns like ‘Make in India’ and ‘Digital India’.

“What is really exciting is the initiatives going on with the government” and technology plays a very critical role in all, whether it is Make in India, Digital India or the Skill India campaign, General Manager SMS&P (Small and Midmarket Solutions & Partners) at Microsoft India, Meetul Patel told PTI on the sidelines of the Microsoft Worldwide Conference that concluded last week in Orlando.

Samsung announced its thinnest smartphone to date last week — that’s the Galaxy A8 — and today the Korean firm took the wraps off its thinnest tablet devices so far: the Galaxy Tab S2.

Like last year’s Galaxy Tab S, design is a big focus for these two devices. And, at just 5.6mm, they are more slender than Apple’s sleekest iPad Air (6.1mm). They are available in two new sizes — 8 inch and 9.7 inch — which weight in at just 265g and 389g respectively. That combination of thinness and weight could make them pretty portable devices.

Mumbai: Keen to keep stressed assets under check, large state-owned lenders have taken it upon themselves to hand-hold incomplete thermal power generation projects and ensure their successful completion. Banks are bringing in third party turnaround experts to monitor the progress of such projects and to make sure that deadlines are strictly adhered to. Any additional funds being provided to these projects are being managed by the turnaround experts.

According to three people aware of the talks, banks such as State Bank of India (SBI) and IDBI Bank, have brought in restructuring advisory firms to conduct due diligence on incomplete power generation projects and come up with a turnaround plan. Upon completion, the promoters may choose to produce power and repay the lenders or participate in project sales facilitated by the bankers.

The benchmark BSE Sensex and NSE Nifty opened to a volatile trade on Monday, a day ahead of the monsoon session.

While Sensex kicked off on a positive note in early morning traded, it shredded its gains to sink almost 100 points down.

New Delhi: At a time when cash-strapped state electricity boards (SEBs) are averse to buying power, Indian Railways has emerged as a potential saviour for idling power projects.

Railways, the state-owned transporter, has stepped up its efforts to reduce electricity costs and has called for bids from power producers to supply 1,010 MW of electricity over three years.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.