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Ahead of FM meet, Yes Bank feels scope of 25 bps rate cut

Ahead of FM meet, Yes Bank feels scope of 25 bps rate cut

We have full visibility of a 25 bps base rate cut at Yes Bank very soon, the lender's managing director and chief executive Rana Kapoor told reporters here today.

Kapoor said that he has also been invited for the meeting with Jaitley on Friday morning and added that calling private sector bankers is a good move by the ministry.

Ravi Shastri set to coach Indian cricket team: Report

Ravi Shastri set to coach Indian cricket team: Report

The Indian national cricket team is set to get a new coach after the current Bangladesh tour, and in all likelihood, it will be Ravi Shastri. According to a report in The Hindustan Times newspaper, if the appointment happens, Shastri, the current team director, will take home a cool Rs 7 crore annually, becoming the highest paid cricket coach in the world.

Shastri, a former cricketer who has played for the national team in both Tests and one-day internationals, will also become the first Indian coach after Kapil Dev handed over the coach’s cap to John Wright in 2000. The newspaper also reported that the Board of Control for Cricket in India (BCCI) stopped looking for a successor to Duncan Fletcher, the current coach of Team India, after Virat Kohli expressed a desire to see Shastri in that role.

Mahendra Singh Dhoni sole Indian in Forbes list of world’s richest athletes

Mahendra Singh Dhoni sole Indian in Forbes list of world’s richest athletes

Cricketer Mahendra Singh Dhoni is among Forbes magazine’s 100 highest-paid athletes in the world, the only Indian sportsman on the list that has been topped again by American boxer Floyd Mayweather and includes golfer Tiger Woods, tennis star Roger Federer and Portuguese soccer player Cristiano Ronaldo.

Dhoni has been ranked 23rd on the Forbes list of The World’s Highest-Paid Athletes 2015, dropping a notch from his ranking of 22 last year. Dhoni’s total earnings stood at USD 31 million, including amount from salary/winnings at USD 4 million and endorsements worth USD 27 million.

Centre cancels AAP government's order to remove Home Secretary Dharam Pal

Centre cancels AAP government's order to remove Home Secretary Dharam Pal

The Union government on Thursday cancelled the Delhi government's order to remove Home Secretary Dharam Pal who had issued letter appointing Joint Commissioner of Delhi Police MK Meena as the new Chief of Anti-Corruption Branch (ACB).

The Home Ministry has termed the removal of Delhi Home Secretary Dharam Pal as "void" and asks Delhi government to withdraw the order.

India leading World Bank's growth chart of major economies, growth rate set to surpass China this year

India leading World Bank's growth chart of major economies, growth rate set to surpass China this year

India with an expected growth rate of 7.5 % this year is set to surpass China and for the first time is leading the World Bank's growth chart of major economies.

With an expected growth of 7.5 % this year, India is, for the first time, leading the World Bank's growth chart of major economies, said Kaushik Basu, World Bank Chief Economist and Senior Vice President after the release of the latest Global Economic Prospects (GEP) report.

HDFC Bank to allow shopping, money transfer, ticket booking via one application

HDFC Bank to allow shopping, money transfer, ticket booking via one application

If you want to shop on Flipkart, or book movie tickets via bookmyshow.com or recharge your phone, you can just log in to one mobile application and complete all these transactions.

After a slew of other digital initiatives, HDFC Bank will launch PayZapp on Monday for its debit and credit card holders. It is intended to serve as a one-stop solution for both payments and purchase.

ICICI Bank gains on fund raising plans

ICICI Bank gains on fund raising plans

Shares of ICICI Bank are trading higher by over 1% to Rs 296 on the BSE after the company decided raising Rs 50,000 crore through private placement of securities including bonds and non-convertible debentures (NCDs).

The bank has assessed its fund requirements and it is proposed that the borrowing limits… by way of securities including but not limited to bonds and NCDs be fixed at Rs 50,000 crore, a reduction from the limit of Rs 1,00,000 crore approved at the last Annual General Meeting (AGM), said the bank in the AGM notice sent to the exchanges.

Jio launch date may be out at Friday AGM

Jio launch date may be out at Friday AGM

Mukesh Ambani, chairman and managing director of Reliance Industries, could use the company's 41st annual general meeting to announce plans for telecom subsidiary Reliance Jio Infocomm.

Sources said Ambani could use the platform to announce an official launch date for the venture. The group's investment in Reliance Jio Infocomm increased to Rs 29,700 crore in 2014-15 from Rs 22,700 crore in the prior financial year.

Amazon likely to bring Web Services to Telangana

Amazon likely to bring Web Services to Telangana

E-commerce major Amazon is likely to bring Amazon Web Services (AWS), a collection of remote computing services that make up a cloud computing platform, to Telangana.

We have requested Amazon to bring its cloud initiative AWS to Telangana besides setting up a data centre in the state capital. A delegation from the US is expected to pay a visit to Hyderabad pretty soon, and we are hopeful of receiving a positive response from them, state information technology and Panchayat Raj minister KT Rama Rao told mediapersons on Wednesday.

Infosys Vishal Sikka in Glassdoor’s highest rated CEO list

Infosys Vishal Sikka in Glassdoor’s highest rated CEO list

Infosys CEO Vishal Sikka has received 91% approval rating from his employees in a survey conducted by career portal Glassdoor for 2015. Glassdoor put out the Employees’ Choice Awards for the ‘Highest Rated CEOs’ in 2015 and these were across categories spanning North America and Europe.

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