Top pvt banks cut int rates on deposits amid easing liquidity conditions

Generally, an interest rate cut in deposits is seen as a precursor to a lending rate cut. The move by lenders including ICICI Bank and Axis Bank come amid easing liquidity conditions and also within days of a rate cut by the Reserve Bank earlier this month. Continue Reading

Centre should encourage concept of land leasing, land pooling: SBI Report

The Centre should encourage the concept of land leasing and land pooling as is being currently practised in States such as UP and Haryana to ensure availability of land for industrial and infrastructure projects, according to a report. Continue Reading

Nubia launches Red Magic 3 gaming smartphone at Rs 35,999

Its manufacturer, Nubia, claims the handset has specifications including a game boost button, touch-sensitive shoulder triggers, Qualcomm Snapdragon 855, 6.65 inch screen with 90hz refresh rate, 4D vibration, dual front-facing stereo speakers and a 5,000mAh battery. Continue Reading

Bharti AXA General Insurance registers 29% growth in FY19

Bharti AXA General Insurance has said the company has registered its maiden full-year profitability in the financial year 2018-19 with a robust 29 per cent growth ahead of the industry growth rate. Continue Reading

Srei, PFS ink pact for financing in Energy Value Chain

Srei Infrastructure Finance Limited (Srei) has announced that it has signed a memorandum of understanding (MoU) with PTC India Financial Services Limited (PFS) to facilitate financing, syndication, and advisory services in the fast growing energy value chain across industries…. Continue Reading

Automation raises productivity, benefits end-users: Omron

Omron, a leader in industrial automation, sensing and controlled technologies is a firm that pioneers in IoT, robotics and Industry 4.0. Speaking to News Today, Sameer Gandhi, the managing director of Omron Automation Limited, reflects on automation industry in India…. Continue Reading

World Cup: India has advantage over Pakistan, says Kapil Dev

“The India-Pakistan match, I have to keep my fingers crossed about it… I hope the players don’t keep their fingers crossed… (laughs).. Just keep on playing. Looking at both the teams, the Indian team is definitely far better. I am not saying because I am Indian,” said Kapil. Continue Reading