A proposed plan of the State Bank of India (SBI) to invoke personal and corporate guarantees of defaulting companies is unlikely to pass legal scrutiny, having been barred from doing so in previous cases. The country’s largest bank is likely to issue about 200 notices invoking personal guarantees, even in cases where insolvency proceedings were underway.

As India celebrates its 69th Republic Day, Microsoft on Thursday announced to bring Artificial Intelligence (AI) and Deep Neural Networks to improve real-time language translation for Hindi, Bengali and Tamil.

With Deep Neural Networks-powered language translation, the results are more accurate and the sound more natural.

L&T Finance Holdings Ltd’s (L&TFH) consolidated net profit for the third quarter ended December 2017 rose by 42 per to Rs 3.84 billion on sharp rise in fee income and control over expenses. It had posted a net profit of Rs 2.7 billion in third quarter of 2016-17 (FY17).

Total Income rose by 25 per cent to Rs 27 billion in Q3Fy18. The fee income saw 93 per cent jump at Rs 3.55 billion.

Priyanka Chopra’s second Hollywood movie, the comedy-drama A Kid Like Jake, premiered at the ongoing Sundance Film Festival to warm reception, with critics and audiences singling out the movie’s delicate tone, Claire Danes’ leading performance, and Priyanka’s supporting turn.

The film focuses on the lives of a young couple and their son, Jake, who doesn’t conform to a specific gender.

NEW DELHI: Equity markets slipped into red after opening with slight gains in Thursday's early trade as with analysts suggesting profit booking as the raeson.

30-share BSE Sensex went up by 46.75 points to open on 36,208.39 while the broader 50-share NSE Nifty started trading on all-time high of 11,095.60, up by 9 points. However, both the indices saw some profit booking soon after and by 9.42 am, Sensex had slipped almost 100 points.

NEW DELHI: Normally a field of lush green wheat stalks would lift Kishan Singh's spirits. Yet weak prices mean even a good crop this year may not stop debt collectors from kicking him off his land in northern India.

More than 60 people in Dhamaka, a village of about 230 families some 80 kilometers (50 miles) from India's capital New Delhi, have received notices threatening to auction their fields.

Mumbai: Bank of Baroda (BoB) has drawn a road map to be among the top three credit card issuers in the country. The state-owned lender — which last year hired Manoj Piplani, head of Barclay's UK card business — has now repositioned its cards division as a non-banking finance company (NBFC) that will also extend retail loans.

On Wednesday, the bank launched its three cards — Easy, Select and Premier — for different segments with five times rewards.

New Delhi: The Oil and Natural Gas Corporation (ONGC) borrowed around Rs. 4,000 crores from ICICI Bank on Wednesday.

The borrowing is part of a tie-up with the three banks- Punjab National Bank (PNB), Bank of India (BOI) and Axis Bank, which took Rs. 18,060 crores for part funding its acquisition cost of Rs. 36,915 crore equity shares of the Hindustan Petroleum Corporation Limited (HPCL).

Wipro, the country’s third-largest IT services exporter, has announced $9.9-million investment in US-headquartered digital marketing company Harte Hanks to pick up a 16% stake. In a notice to the exchanges, Wipro said under this deal, both companies will expand their existing partnership to offer end-to-end marketing technology services. They will jointly market a big data analytics and machine learning platform, Opera Solutions Signal Hub. Harte Hanks, which was founded in 1923 with more than 5,000 employees globally, reported a net loss of $2.7 million for the second quarter of 2017 calendar year.

The Nifty PSU Bank index rose 3.49% and ended the session at 3,965.60 ahead of the Centre’s bank recapitalisation announcement on Wednesday. All the 12 constituents of the index closed with gains. The index has recorded a gain of 34% since the announcement of bank recapitalisation scheme in October 2017. IDBI Bank, which has been placed under prompt and corrective action (PCA) mechanism, got the highest infusion of Rs 10,610 crore, among all banks. The market seemed to anticipate this big infusion as the bank’s stock closed up 5.65% on Wednesday.

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