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NIIT registers net loss of Rs 151.2 crore in last quarter

NIIT registers net loss of Rs 151.2 crore in last quarter

27 May 2015

New Delhi: IT training firm NIIT Limited on Wednesday reported a net loss of Rs 151.2 crore for the fourth quarter ending March 31, 2015, on account of restructuring of its business. The city-based firm had initiated a business transformation programme in the second quarter of 2014-15 to streamline the group operations.

NIIT,   NIIT registers loss,   Q4 report of NIIT,   IT training firm,   NIIT Limited,   Business transformation programme,   Latest Business News,  
Bank employees to get 15 percent pay hike as IBA signs wage agreement with unions

Bank employees to get 15 percent pay hike as IBA signs wage agreement with unions

26 May 2015

New Delhi: Around 10 lakh employees of 43 banks, including public sector banks, will get a 15 percent hike in salaries, with the Indian Banks Association on Monday signing a wage agreement with employee unions and officers’ associations.

Bank employees,   Private banks,   Public sector banks,   Salary hike,   Indian Banks Association,   Wage agreement,  
Free Wi-Fi in Delhi: Access to be on <strong>limited</strong> data usage basis

Free Wi-Fi in Delhi: Access to be on limited data usage basis

24 May 2015

New Delhi: The Aam Aadmi Party government has decided to provide free Wi-Fi internet to city residents on the basis of limited data usage instead of setting a time limit. Government plans to make free Wi-Fi functional by February of next year. Free Wi-Fi in Delhi was among the prominent pre-poll promises made by AAP.

Aam Aadmi Party,   Delhi government,   free Wi Fi internet,   AAP,   Latest News,  
RBI to soon set up Central <strong>Fraud</strong> Registry

RBI to soon set up Central Fraud Registry

24 May 2015

New Delhi: Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI) will soon set up a Central Fraud Registry as part of an early warning system. The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans.

RBI,   Central Fraud Registry,   Reserve Bank of India,   CEIB,   Latest Business News ,  
<strong>Private</strong> non-life insurers shying away from PM Suraksha Bima Yojana

Private non-life insurers shying away from PM Suraksha Bima Yojana

25 May 2015

Mumbai: Many private non-life insurers appear to be shying away from the Modi government's newly launched ambitious social security scheme offering Rs 2-lakh accident cover at an annual premium of just Rs 12, citing low pricing and the growing incidents of accidental deaths.

Private insurers,   Non life insurers,   General insurers,   Modi government,   Social security scheme,   Accidental deaths,  
Board member of construction company arrested for <strong>fraud</strong>

Board member of construction company arrested for fraud

07 May 2012

A key member on the board of directors of a building construction company, which allegedly fled with crores of rupees from customers with a promise to build low-cost flats in Ranchi, has been arrested in Maharashtra and brought here on Monday, the police said.

fraud in Jharkhand,   building construction company fraud in jharkhand,   Sanjeevani Buildcon Private Limited fraud in Jharkhand,   flat fraud in jharkhand ,  
Parachute-like objects spotted over Mumbai airport

Parachute-like objects spotted over Mumbai airport

25 May 2015

Mumbai: Unidentified parachute-like objects were spotted in the Mumbai airport airspace, raising security concern. According to airport police, five unidentified objects were spotted over the airport area on Saturday evening by a pilot of Jet Airways just before take-off.

Parachute like objects,   Jet Airways ,  Mumbai airport,   Mumbai airport airspace,   unidentified objects,   Air Traffic Controller,   Mumbai International Airport Limited ,   MIAL,   latest state news,  
Microsoft, Xiaomi, Lenovo looking to buy out BlackBerry after profitable results: Report

Microsoft, Xiaomi, Lenovo looking to buy out BlackBerry after profitable results: Report

23 May 2015

New Delhi: After the rumours of possible Samsung bid for BlackBerry acquisition, fresh reports suggest that other major firm like Microsoft Corporation, Xiaomi and Lenovo are looking to buy out the Canadian handset maker.

BlackBerry Limited,   Microsoft Corporation,   Xiaomi,   Smartphones,  
Maoists torch 32 vehicles in Bihar's Gaya district

Maoists torch 32 vehicles in Bihar's Gaya district

25 May 2015

Gaya (Bihar): Heavily armed Maoists torched 32 vehicles, including tankers and containers, on the Grand Trunk Road in Gaya district on the first day of the two-day Bihar and Jharkhand bandh called by the extremists against the killing of their woman leader.

Maoist attack,   Gaya,   Bihar bandh,   Grand Trunk Road,   Jharkhand bandh,   latest states news,  
Scope of agriculture sector bringing prosperity <strong>limited</strong>: Panagariya

Scope of agriculture sector bringing prosperity limited: Panagariya

18 May 2015

New Delhi: NITI Aayog Vice Chairman Arvind Panagariya on Monday said the potential of farm sector to bring prosperity to a vast population in the long-run is limited and the country needs to focus on creating more jobs in the industrial and services sectors.

Scope of agriculture,   Agriculture sector,   Arvind Panagariya,   NITI Aayog,   Vice Chairman NITI Aayog,   industrial and services sectors,   Latest Business,  

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