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Nifty50 universe growth halved; this segment to be blamed

Nifty50 universe growth halved; this segment to be blamed

Mon, Aug 20, 2018

Classified as BFSI (banking, financial services and insurance), these firms have more than halved the profit growth of the Nifty 50 universe.

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Job market sees 10 pc growth in Dec 2017 hiring

Job market sees 10 pc growth in Dec 2017 hiring

Mon, Jan 15, 2018

Hiring activity registered a 10 per cent jump in December over the year-ago period helped by non-IT sectors like industrial products, construction, says a report.

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IPO boom in 2017: BFSI sector steals the show

IPO boom in 2017: BFSI sector steals the show

Wed, Dec 20, 2017

The year 2017 has been very eventful for Indian markets. The initial public offerings (IPOs) touched a new milestone, as many companies used this route to raise capital, exploiting investors' appetite for equity shares.  

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By 2022, 9% Indians will be in jobs that do not exist today: Reports

By 2022, 9% Indians will be in jobs that do not exist today: Reports

Wed, Dec 13, 2017

According to the FICCI-Nasscom & EY report, there would be a job slowdown for the next two years as companies struggle to restructure their business models, and by 2022, the entire job landscape would undergo drastic change.

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ICICI Bank launches ''Money2India''; Here are its key features

ICICI Bank launches ''Money2India''; Here are its key features

Mon, May 29, 2017

ICICI Bank launched online money transfer service called ''Money2India'' for its NRIs customers.  

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Q4 Review: Reduction in MCLR worked well for private banks but not for PSBs

Q4 Review: Reduction in MCLR worked well for private banks but not for PSBs

Mon, May 29, 2017

The financial year 2016-17 (FY17) was no different for the India's banking system as it continues to suffer from single-digit loan growth, weak net interest income (NII) and lack of resolution to its non-performing assets (NPAs). 

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President gives nod to ordinance on banks' non-performing assets

President gives nod to ordinance on banks' non-performing assets

Fri, May 05, 2017

President Pranab Mukherjee has given his nod to the ordinance dealing with the banking sector`s non-performing loans and the amendment to the Banking Act, television channels reported on Friday.  

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Jaipur, Surat will see a rise in household income to Rs 80,000 crore by 2018

Jaipur, Surat will see a rise in household income to Rs 80,000 crore by 2018

Thu, Mar 09, 2017

Both cities will cross the Rs 80,000 crore threshold within one to two years, with total consumption levels to reach 75%-80% of metros like Pune and Ahmedabad.

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Hiring activity slips 7% in December amid uncertainty

Hiring activity slips 7% in December amid uncertainty

Wed, Jan 18, 2017

Hiring activity registered a 7% decline in December amid uncertainty and this trend may continue for few more months, says a Naukri.com report. 

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Tech Mahindra to hire over 100 engineers for new Dublin centre

Tech Mahindra to hire over 100 engineers for new Dublin centre

Mon, Jan 16, 2017

The centre, which will be operational in the first quarter of 2017, would employ more than 100 engineers.

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Note Ban Impact: Corporate earnings to dip to 4% in third quarter

Note Ban Impact: Corporate earnings to dip to 4% in third quarter

Tue, Jan 10, 2017

After recording an average revenue growth of 6.3% for three consecutive quarters, corporate earnings for key sectors will likely dip to 4% for the October-December period of 2016-17, owing to the Government's demonetisation drive, said a Crisil report.

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China to relax curbs on foreign investment in banking, securities

China to relax curbs on foreign investment in banking, securities

Fri, Dec 30, 2016

China will focus on freeing up foreign investment in banking, insurance, securities and futures as part of a wider opening up of the services sector, the country`s state planner said in a document on Friday.

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Infosys cuts forecast over 'uncertain' future

Infosys cuts forecast over 'uncertain' future

Fri, Oct 14, 2016

Infosys shares slumped 2.57 percent on the Bombay Stock Exchange in morning trade as a sluggish global economy hits India`s outsourcing industry hard with companies inclined to think twice before rushing to sign contracts.

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Q2 review: BFSI, Retail pressure seen on TCS, Infosys

Q2 review: BFSI, Retail pressure seen on TCS, Infosys

Fri, Oct 14, 2016

Analysts expected India's IT sector to report growth but flagged banking & financial services (BFSI) vertical as the weakest link. The fears have come true. 

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SBI says 'consistently' passed on RBI's rate cut to borrowers

SBI says 'consistently' passed on RBI's rate cut to borrowers

Mon, Oct 10, 2016

"Of the 175 bps (1.75 per cent) cut that the Reserve Bank (RBI) has done, we as a bank have passed on 95 bps (0.95 per cent). More will get passed on in the near term rather than in the longer term," Bhattacharya said in an interview to CNBC TV18.

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RBI sets minimum capital requirement for payment banks at 15%

RBI sets minimum capital requirement for payment banks at 15%

Thu, Oct 06, 2016

RBI said that a payment bank must adhere to a minimum capital requirment of 15%, minimum Tier 1 and Tier 2 capital of 7.5%, each. It further set a large exposure limit of 5% to a scheduled commercial bank. The bank said, "PBs will not be permitted to undertake any para-banking activity except those allowed as per the Licensing Guidelines and the related FAQs issued."

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India's biggest banks are headed by women but sector is still male-dominated

India's biggest banks are headed by women but sector is still male-dominated

Sat, May 28, 2016

 The banking sector still remains largely male-dominated and even this year the hiring trend is likely to continue being in the favour of men, an 'India Skill Report 2016', says.

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