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US govt, Wells Fargo to fund $150 million YES Bank corpus for MSMEs

US govt, Wells Fargo to fund $150 million YES Bank corpus for MSMEs

India's largest Private Sector Bank (PSB) YES Bank on Friday announced its tie-up with Overseas Private Investment Corporation (OPIC), the US Government's Development Finance Institution, and Wells Fargo on an agreement to increase lending to small and medium enterprises (SMEs) in India.

Under the agreement, OPIC will provide $75 million in financing and up to $75 million in syndicated financing jointly arranged by Wells Fargo Bank and OPIC to YES Bank.

Reliance Jio adds 5 mn users in May, Airtel still emerges mkt leader

Reliance Jio adds 5 mn users in May, Airtel still emerges mkt leader

Reliance Jio added nearly 5 million users ( 4,786,324 subscribers ) and controlled 9.94 per cent of the telecom market in May, shows the latest report by the Telecom Regulatory Authority of India (Trai).

In May, Airtel led in terms of overall telecom market share, with 23.59 per cent subscribers. It was followed by Vodafone with a 17.86 per cent share, and Idea with 16.62. Reliance Jio was a distant fourth with 9.94 per cent subscribers.

For Facebook, India now the largest audience country with over 240 mn users

For Facebook, India now the largest audience country with over 240 mn users

Facebook users in India have crossed 240 million mark, becoming the largest audience country for the social media giant, according to a media report.

As of July 13, Facebook is reporting a total "potential audience" of 241 million active users in India, compared to 240 million in the US.

UP CM Yogi Adityanath calls security breach a 'dangerous terrorist conspiracy', electronic devices banned inside House

UP CM Yogi Adityanath calls security breach a 'dangerous terrorist conspiracy', electronic devices banned inside House

Calling it a conspiracy for a possible terror attack on the UP State Legislature, the Uttar Pradesh Assembly unanimously recommended a probe by the National Investigation Agency (NIA) after the recovery of about 150 grams of PETN inside the Vidhan Bhawan building on July 12.

An announcement in this regard was made by UP Assembly Speaker HN Dixit after members of the House unanimously passed a resolution recommending a NIA probe into the security breach.

WhatsApp update: Photos won't be compressed, all file formats can be shared

WhatsApp update: Photos won't be compressed, all file formats can be shared

Instant messaging app WhatsApp has upgraded its file sharing feature letting users share any type of document attachments.

Earlier, users were restricted to sharing only the PDF file formats.

According to a report in Engadget on Thursday, users could now share files up to 100MB size but it was rumoured that the iPhone users could send slightly larger files.

SC order CBI probe into Manipur extra-judicial killings

SC order CBI probe into Manipur extra-judicial killings

The Supreme Court on Friday directed a probe by the CBI into the alleged extra-judicial killings by the Army, the Assam Rifles and the Manipur Police in the insurgency—hit State.

A Bench of Justices M.B. Lokur and U.U. Lalit asked the CBI director to appoint a team of officers to conduct the probe into the alleged killings.

Aircel enters telecom war; offers 84 GB data on Rs 348 recharge

Aircel enters telecom war; offers 84 GB data on Rs 348 recharge

The data war that started in the telecom sector last year when Mukesh Ambani-controlled Reliance Jio introduced its disruptive tariffs, has just a new entrant in Aircel. The telecom company rolled out Rs 348 recharge on July 13 that offers 1 GB data a day for 84 days, with free local and STD voice calls.

Aircel's offer is only valid in Uttar Pradesh *East) region, and applies . to new customers on their first recharge. The Rs 348 recharge offer is not available to existing users who are already on the Aircel network. The offer assures free 84 GB data on all the networks – 2G, 3G and 4G – combined with voice calls.

M&M unveils Jeeto minivan, starting price is Rs 3.45 lakh

M&M unveils Jeeto minivan, starting price is Rs 3.45 lakh

Home-grown auto major Mahindra & Mahindra on Thursday launched passenger carrier small commercial vehicle, Jeeto Minivan, starting at Rs 3.45 lakh (ex-showroom Mumbai, BS IV diesel variant).

The Jeeto Minivan will be available in diesel, petrol and CNG engine options, the company said in a statement.

Assam floods situation critical: At least 5 dead, over 17 lakh people affected

Assam floods situation critical: At least 5 dead, over 17 lakh people affected

The flood situation in Assam continued to deteriorate with five more persons losing their lives on Thursday as while over 17 lakh people remained affected across 26 districts in the state.

Around 77 per cent of the Kaziranga National Park, including 134 anti-poaching camps, has been inundated, leaving some animals dead and some moving to nearby highlands.

Infosys Q1 profit up 1.4% to Rs 3,483 cr, co raises dollar revenue guidance

Infosys Q1 profit up 1.4% to Rs 3,483 cr, co raises dollar revenue guidance

Infosys, India's second-largest software exporter said its first-quarter profits grew 1.4 per cent to Rs 3,483 crore and revenue grew 1.8 per cent to Rs 17,078 crore, on the back of improved operation controls, even as business from its main markets remain muted.

Infosys had posted a profit of Rs 3,436 crore and revenue of Rs 16,782 crore in the same period last year.

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