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PM Narendra Modi to meet Indian community in Australia today

PM Narendra Modi to meet Indian community in Australia today

Sydney's Allphones Arena geared up to welcome PM Narendra Modi on November 17.

The 21,000-seat venue has been in news ever since the PM Modi made headlines with his speech at the Madison Square Garden in New York. He will be speaking in Sydney on Monday in a programme hosted by the current Miss India Australia Rashi Kapoor.

SBI may provide up to $1 billion loan for Adani's Australia coal mine

SBI may provide up to $1 billion loan for Adani's Australia coal mine

Adani Enterprises' $7 billion coal mine, rail and port project got a fillip on Monday, with the company signing an Memorandum of Understanding (MoU) with State Bank of India.

The trading and infrastructure conglomerate signed a MoU to line up a loan of up to $1 billion from SBI for the Carmichael mine in Queensland, which it aims to build by the end of 2017.

Tata Motors gains post September quarter results

Tata Motors gains post September quarter results

Tata Motors is trading higher by 2% at Rs 535 on National Stock Exchange (NSE) in otherwise subdued market after reporting a 60 bps improvement in consolidated operating profit margins to 15.8% in September quarter.

While Jaguar Land Rover (JLR) reported a healthy EBITDA margin expansion of 190 basis points to a whopping 19.4%.

L&T agrees to realign Hyd metro route in three locations

L&T agrees to realign Hyd metro route in three locations

Infrastructure major Larsen and Toubro (L&T Limited), which was not ready to accept the request of the Telangana government a few months ago to change the metro rail alignment, has finally agreed to change it in three locations.

According to the new changes, the track, which was earlier planned in front of the old Assembly building, will now go from behind the Assembly building.

Tsunami warning issued after 7.3 magnitude earthquake strikes Indonesia

Tsunami warning issued after 7.3 magnitude earthquake strikes Indonesia

A major earthquake with a magnitude of 7.3 was recorded off the Moluccas in Indonesia on Saturday, the United States Geological Survey (USGS) said, and a tsunami warning was issued for the area near the quake.

The Pacific Tsunami Warning Centre in Hawaii said hazardous tsunamis were possible within 300 km (185 miles) of the quake's epicentre. The centre said there was no danger of a Pacific-wide tsunami.

SBI’s strategy shows promise, but no escape from slowdown

SBI’s strategy shows promise, but no escape from slowdown

State Bank of India’s (SBI’s) strategy over the past three quarters has been to manage bad loans, cut costs and shore up non-interest income. It had declared as much during its December quarter earnings conference. At first look, the bank has so far delivered on its promise, especially when looking at the September quarter numbers. Of course, a sustainable return to growth and a cleaner balance sheet are dependent on the economic recovery.

Infosys ties up with DreamWorks for new engineering solutions

Infosys ties up with DreamWorks for new engineering solutions

Software major Infosys has entered into a strategic partnership with DreamWorks Animation SKG to develop new engineering solutions.

The tie-up envisages developing next generation technologies with our global talent pool in cloud, big data, Java and open source platforms for DreamWorks, the IT bellwether said in a statement on Saturday.

SBI to improve ATM services

SBI to improve ATM services

Having started to charge customers for excess usage of automated teller machines (ATM), the country largest lender State Bank of India (SBI) has decided to improve its services and appoint a single vendor for maintenance of its ATMs.

Recently, the Reserve Bank of India (RBI) allowed banks to charge their customers after the first five free transactions, starting from November 1.

Repatriation of black money kept abroad is a priority: PM Modi

Repatriation of black money kept abroad is a priority: PM Modi

Prime Minister Narendra Modi today unequivocally said that repatriation of black money kept abroad is a 'priority' for his government, as he sought close global coordination to achieve this objective.

Raising the black money issue at an informal meeting of leaders of the five-nation BRICS bloc, Modi set the tone on this key issue ahead of the G20 summit in the wake of his commitment to bring back every penny of black money stashed abroad.

DLF to launch REITs next fiscal, plans Rs 3600cr CMBS

DLF to launch REITs next fiscal, plans Rs 3600cr CMBS

DLF, the country’s largest real estate company, plans to launch Real Estate Investment Trusts (Reits) in the next financial year. The aim is to monetise its commercial properties and it is in discussion for partnerships.

Its net debt grew by Rs 817 crore during the second quarter of this financial year to Rs 19,944 crore. It also plans to raise Rs 3,600 crore through an issue of securities backed by commercial assets, to replace costlier debt.

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