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SBI Mutual in top gear

SBI Mutual in top gear

After jumping to the third spot in the domestic mutual fund industry in a short span of time, SBI Mutual Fund is set to improve its position further in the highly competitive sector. Besides benefiting from being an arm of the country’s largest bank, the fund house is offering solutions keeping the overall investment goals of its clients.

PUBG trouble: Cities ban most popular game over fear of creating psychopaths

PUBG trouble: Cities ban most popular game over fear of creating psychopaths

India doesn’t have much of a history with popular computer games, unlike the U.S. or Japan. But now one of the industry’s kill-or-be-killed titles has become a smash hit — and the backlash from the country’s traditionalists is ferocious.

PlayerUnknown’s Battlegrounds is a Hunger Games-style competition where 100 players face off with machine guns and assault rifles until only one is left standing. After China’s Tencent Holdings Ltd. introduced a mobile version of the death match that’s free to play

Banks plan to invite bids for Jet Airways, Tatas may be back in the fray

Banks plan to invite bids for Jet Airways, Tatas may be back in the fray

Lenders are laying the ground for a new owner in Jet Airways as they insist on an undertaking from the shareholders that will trim founder-chairman Naresh Goyal's stake to below 10% while Abu Dhabi-based Etihad will have to agree to exit from the ailing airline.

Infosys to invest $10 mn in California-based The House Fund II

Infosys to invest $10 mn in California-based The House Fund II

IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.

Trump orders withdrawal of sanctions against N Korea immediately after Treasury imposes them

Trump orders withdrawal of sanctions against N Korea immediately after Treasury imposes them

Donald Trump has abruptly ordered the withdrawal of additional “large-scale” sanctions on North Korea, immediately after the Treasury Department imposed them, with his press secretary saying that the US President “likes” North Korean leader Kim Jong-un and does not think they are necessary.

EPFO data refute jobless growth claims, says 76.48 lakh jobs created since September 2017

EPFO data refute jobless growth claims, says 76.48 lakh jobs created since September 2017

Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to the latest EPFO payroll data. The EPFO has been releasing payroll data from April 2018, covering the period starting September 2017. The addition in January was 131 per cent higher as compared with 3.87 lakh EPFO subscribers added in the year-ago month. In September 2017, a net of 2,75,609 jobs were created.

Tata Motors to hike car prices by up to Rs 25,000 from April

Tata Motors to hike car prices by up to Rs 25,000 from April

Tata Motors Saturday said it will increase prices of its passenger vehicles range by up to Rs 25,000 from April on account of rising input costs and external economic conditions.

The company joins the likes of Toyota and Jaguar Land Rover which have also stated that they would hike prices of select models from April.

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

New Delhi: The country's largest lender State Bank of India (SBI) on Friday said it has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds.

"The Committee of Directors for Capital Raising at its meeting held today on 22 March 2019 deliberated and accorded approval to allot 12,513 non-convertible, taxable, perpetual, subordinated, unsecured Basel lll-compliant additional tier-I bonds,

Sebi fines 4 entities Rs 27 lakh for fraudulent trading in BSE stock options

Sebi fines 4 entities Rs 27 lakh for fraudulent trading in BSE stock options

New Delhi: Markets regulator Sebi on Friday imposed a total penalty of Rs 27 lakh on four entities for indulging in fraudulent trade in illiquid stock options segment of BSE.

Umapati Oil Mill and Ginning Factory, Yudhbir Chhibbar, Kasturbhai Mayabhai Pvt Ltd and Vimladevi Shyamsunder Khetan are the four entities, according to Sebi's separate orders.

Infosys to invest $10 mn in California-based The House Fund II

Infosys to invest $10 mn in California-based The House Fund II

IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.

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