Some public sector bank (PSB) executives had expressed reservations on Finance Minister Nirmala Sitharaman’s proposals of holding public camps for distributing loans in 400 districts of the country, in a meeting held on Thursday.

In fact, PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020, two PSB executives said, requesting anonymity.

Alexa has learnt to converse in Hindi. The efforts of more than 50,000 engineers, data scientists, language experts — who worked from India and abroad over the past 18 months — to make Alexa talk in Hindi, have finally borne fruit.

If things go as planned, Alexa will speak in Marathi, Tamil, Telugu, Bengali, among a host of other Indian languages, over the next few years.

Life Insurance Corporation of India's (LIC) acquisition of IDBI Bank has led to unintended consequences. The market regulator Securities and Exchange Board of India (Sebi) has partially frozen LIC’s voting rights in the National Stock Exchange (NSE). The reason being the 5-per cent shareholding cap on trading members. While LIC is not a trading member, following its acquisition of IDBI Bank — a trading member of NSE — it is deemed as one.

New Delhi: The telecom regulator has floated a fresh consultation paper seeking to deliberate with stakeholders on reforms needed to simply and fast track merger and acquisition norms.

Written comments have been invited by 18 October and counter comments by 1 November, the regulator said late on Thursday.

DLF Ltd’s sale of a nine-acre land parcel in Gurugram to multinational bank American Express (India) Pvt. Ltd (Amex) is positive for its commercial property business. The timing of the ₹300 crore deal is right too as the stage was set for DLF’s next phase of growth after it resurrected itself from the huge debt stranglehold.

WASHINGTON : Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday committed the company to being carbon neutral by 2040 and said part of that pledge is an order for 100,000 electric delivery vans from a start-up the online retailer has invested in.

Localisation of components used in manufacture of electric vehicles (EVs) is required for attractive price propositions along with investments in infrastructure to drive the demand of electric cars, Tata Motors CEO & MD Guenter Butschek said on Thursday. Speaking at the launch of its new solution for electric vehicles called Ziptron, Butschek said steps had been taken by the Indian government to push for electrification of Indian automobile segment.

Morgan Credits (MCPL), part of the promoter group of YES Bank, on Thursday sold a 2.3% shareholding in the bank. The proceeds will solely be utilised to prepay a substantial part of outstanding NCDs of MCPL subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM).

Deloitte, the resolution professional (RP) to Reliance Communications (RCom), has filed an application in the National Company Law Tribunal seeking a direction to the Department of Telecommunications (DoT) that status quo be maintained on spectrum licences, and that they should not be terminated.

Google, in its fifth annual ‘Google For India’ event on Thursday, announced a series of new plans for its Indian market. The company announced that it will setup an AI lab in Bengaluru which will focus on applying AI research to solve problems in healthcare, agriculture & education. Google has become the second international IT firm in India after Microsoft to open an AI lab.

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