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After SBI, Bank of Baroda is now India’s second largest PSU bank

After SBI, Bank of Baroda is now India’s second largest PSU bank

Bank of Baroda (BoB) Monday became the second largest state-owned lender after merging Dena Bank and Vijaya Bank into itself as part of the first three-way amalgamation.

The consolidated entity started its operation with a business mix of over Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.

Maruti PV sales in the slow lane, dip 1.6% to 158,076 units in March

Maruti PV sales in the slow lane, dip 1.6% to 158,076 units in March

The country's largest car maker Maruti Suzuki India on Monday reported 1.6 per cent decline in sales at 1,58,076 units in March.

The company had sold 1,60,598 units in March last year, Maruti Suzuki India (MSI) said in a statement.

L&T bags gas export pipeline contract from Kuwait Oil Company, stock gains

L&T bags gas export pipeline contract from Kuwait Oil Company, stock gains

Infrastructure major Larsen & Toubro Ltd (L&T) Monday said it has won a gas export pipeline contract from Kuwait Oil Company (KOC).

The company said the order falls under "large" category that range between Rs 2,500 crore and Rs 5,000 crore as per its classification of contracts.

Tata Motors gains 5% as JLR expects earnings to improve in Q4

Tata Motors gains 5% as JLR expects earnings to improve in Q4

Shares of Tata Motors were trading 5 per cent higher at Rs 183 on the BSE in early morning trade after the company’s wholly-owned subsidiary Jaguar Land Rover (JLR) said it expects improved financial results for the quarter ended March 2019 (Q4FY19).

In comparison, the benchmark S&P BSE Sensex was up 0.62 per cent at 38,913 level at 09:39 am.

SECL crosses 150 million tonne coal production in FY19; first company in India to do so

SECL crosses 150 million tonne coal production in FY19; first company in India to do so

The South Eastern Coalfields Ltd (SECL) has become the first company in the country to have crossed coal production figure of 150 million tonnes in a financial year. The SECL achieved the record during the 2018-19 fiscal and crossed the 150 million tonnes mark on March 20, a company official said.

On hiring spree: Amazon to hire 800 tech engineers in latest expansion

On hiring spree: Amazon to hire 800 tech engineers in latest expansion

Amazon.com Inc. says it will hire an additional 800 engineers in Austin, Texas, the company’s first major U.S. office expansion since backing out of a corporate campus in New York.

In February, the online retailer abandoned plans for a campus in Queens, New York, amid opposition from local politicians and labor groups.

Donald Trump, Google CEO Sundar Pichai discuss military, China

Donald Trump, Google CEO Sundar Pichai discuss military, China

President Donald Trump said he met Wednesday with Google Chief Executive Officer Sundar Pichai to discuss the U.S. military amid an extended political furor over the tech giant’s efforts in China.

The meeting didn’t appear on Trump’s official schedule. Pichai planned a meeting Wednesday in Washington with General Joseph Dunford, the chairman of the Joint Chiefs of Staff, according to a person familiar with the matter.

Infosys to acquire ABN Amro arm Stater for $143.53 million

Infosys to acquire ABN Amro arm Stater for $143.53 million

Infosys, through its wholly owned subsidiary Infosys Consulting, is set to acquire 75% of Stater NV — a wholly owned subsidiary of ABN Amro Bank NV— that offers pure-play, end-to-end mortgage administration services in the Netherlands, Belgium and Germany. The cash transaction, which is expected to close in the first quarter of fiscal year 2020, will amount to €127.50 million ($143.53 million), Infosys said.

ICICI Bank expects outstanding home loan book at Rs 2L crore by March 2020

ICICI Bank expects outstanding home loan book at Rs 2L crore by March 2020

With no visible signs of distress in its retail portfolio as of now, private lender ICICI Bank expects to grow its outstanding home loan book to Rs 2 lakh crore by March 2020, from Rs 1.7 lakh crore currently. ICICI Bank, one of the largest mortgage players among private banks, has repeatedly maintained that outreach to tier II, III cities and micro-markets, along with focus on affordable housing and digitisation, has been key to growth in its portfolio.

Strong rollovers may see Nifty hit 12000 in April series

Strong rollovers may see Nifty hit 12000 in April series

A day after the markets took a pause from the recent upsurge, key equity benchmark indices bounced back sharply on the last trading session of the current month's expiry day, as investors mounted bullish bets on expectations the NDA party may win polls in the upcoming general elections.

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