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03/20/2018 07:31 PM
Next wave of dud loans to originate from SMEs, warns Uday Kotak
Private sector banks are accounting for "nearly entire" loan growth following the nearly Rs 13,000-crore scam at the state-run PNB, he said and projected that over the next four years, they will corner half of the credit market, up from 30 per cent now.
03/20/2018 02:38 PM
What happens in an internet minute
A lot can happen in 60 seconds on the internet and the data below is proof of it. In 2017 around 38 lakh Google searches and 15.6 crore emails were sent every minute in 2017, compared to 24 lakh Google searches and 15 crore emails sent in 2016. In terms of interactions on social media, 3.5 lakh tweets and 2.9 crore WhatsApp messages were processed in 2017 against 3.47 tweets and 2.08 crore WhatsApp messages in the previous year.
03/20/2018 06:25 AM
Don’t accept guarantees by Axis Bank, telcos, DoT told
The communications ministry has found “serious breach of trust and contract” by Axis Bank in the Aircel bankruptcy issue and has asked mobile operators and the telecom department not to accept any bank guarantees issued by it.
03/20/2018 05:14 AM
Trade tensions may rise on protectionism: WTO chief
Ahead of a meeting of over 40 countries, the World Trade Organisation (WTO) on Monday warned of escalation of trade tensions following recent US decision to increase tariffs and urged members to work together to “step back from the brink”.