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Challenges for PSU banks remain despite uptick in economy: Fitch

Challenges for PSU banks remain despite uptick in economy: Fitch

06 Jul 2015

New Delhi: Fitch Ratings' today said challenges for state-owned banks remain despite improving macro picture. "The performance of India's state bank sector remained challenged in FY15 (to end-March 2015), with continued pressure on asset quality and weak capital," according to Fitch Ratings' Indian Banks Report Card FY15.

Challenges for PSU,   PSU banks,   Indian Economy,   Fitch,   Fitch Ratings,   State owned banks,   Bank sector,   Latest Business News,  
Mobile commerce sales may touch USD 638 billion mark by 2018: ASSOCHAM

Mobile commerce sales may touch USD 638 billion mark by 2018: ASSOCHAM

06 Jul 2015

New Delhi: Global e-commerce sales through mobile devices are likely to hit USD 638 billion by 2018, said a study by ASSOCHAM-Deloitte. The availability of e-commerce applications on various mobility devices is helping drive sales and thus, revenue at present, said the study released today.

Mobile commerce sales,   ASSOCHAM,   Global e commerce,   Aales through mobile,   E tailers,   Flipkart,   Amazon,   Latest Business News ,  
 SpiceJet lowers fares in limited period offer

SpiceJet lowers fares in limited period offer

06 Jul 2015

New Delhi: Budget airline SpiceJet today rolled out another limited period low fare scheme, offering starting ticket prices as low as Rs 1,899 for flights across western and southern domestic network.

SpiceJet airlines,   SpiceJet fares,   Red Hot Fares,   Indian airlines,   Latest business news,  
 Country insulated from Greece fallout: Government

Country insulated from Greece fallout: Government

06 Jul 2015

New Delhi: With Greeks' rejection of rescue package from creditors spooking markets, the government today asserted that India is well insulated from the crisis but rupee may be affected due to the outward flight of investment.

Greece crisis,   Indian government,   Chief Economic Advisor Arvind Subramanian,   Greece bankrupt economy,   eurozone,   Greece financial crisis,   Latest business news,  
Sensex provisionally closes over 115 points up

Sensex provisionally closes over 115 points up

06 Jul 2015

Mumbai: Indian equity markets on Monday pared initial losses and soared despite prevailing anxiety on account of Greece through Sunday's referendum rejecting the terms for a new bailout package.

Sensex,   Indian equity markets,   Greece bailout package,   BSE,   NSE,   Nifty,   Latest Business News,  
 Rupee plunges 18 paise against dollar in morning trade

Rupee plunges 18 paise against dollar in morning trade

06 Jul 2015

Mumbai: After four days of rise, the rupee turned weak and declined by 18 paise to 63.62 against the US currency in morning trade today at the Interbank Foreign Exchange due to the dollar's gain against other currencies overseas.

Rupee,   dollar,   Interbank Foreign Exchange,   US currency,   Forex dealers,   Latest business news,  
   Maruti setting up new retail outlets to sell premium products

Maruti setting up new retail outlets to sell premium products

06 Jul 2015

Nashik: In its bid to crack the big vehicle segment, Maruti Suzuki India, known for its small cars, is establishing a new setup of retail outlets under Nexa brand to sell premium products starting with its upcomingS-Cross model.

Maruti,   Maruti retail outlets,   Maruti Suzuki India,   Nexa brand,   Latest business news,  
Focus on bringing Indic content, SMEs online in India: Google

Focus on bringing Indic content, SMEs online in India: Google

05 Jul 2015

New Delhi: Engaged in various initiatives under the government's 'Digital India' campaign, global tech giant Google is focussing on key areas like bringing more Indic language content online and helping 20 million small and medium enterprises set up Internet presence by 2017.

Indian government,   Digital India campaign,   Google,   Indic language content online,   Internet presence,   Latest News,  
Top 8 Sensex cos add Rs 25,217.48 cr in market valuation

Top 8 Sensex cos add Rs 25,217.48 cr in market valuation

05 Jul 2015

New Delhi: The combined market valuation of eight of the top-10 most valued Sensex firms rose by Rs 25,217.48 crore last week.

Sensex,   TCS,   RIL,   HDFC Bank,   CIL,   ITC,   Sun Pharma,   HDFC,   SBI,   Latest News,   BSE ,  
Gold strengthens on firm buying, global cues

Gold strengthens on firm buying, global cues

04 Jul 2015

Mumbai: Gold prices rose further at the domestic bullion market here today on sustained offtake from jewellery stockist and retailers amid firm overseas trend.

Gold strengthens,   Gold,   Global cues,   Bullion market,  Gold prices,   Jewellery,   Latest Business News,  

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