The State Bank of India (SBI), India's largest lender, reported on Friday a consolidated net profit of Rs 3,105.35 crore for the 3-month period that ended on June 30. This is the first quarterly result after the merger of its five associate banks and Bharatiya Mahila Bank, which took effect on April 1, 2017.

But the large accretion of bad loans was a dampener to an otherwise smooth exercise. The fresh bad loan additions during the quarter were about Rs 26,249 crore, taking the gross non-performing assets (NPAs) of the bank to Rs 1,88,068 crore. Arundhati Bhattacharya, Chairman, SBI, said, "About 95 per cent of the quarter's slippages are from the watch-list.

Multi Commodity Exchange (MCX) will launch the country's first gold options contract in September allowing even smaller players in the bullion industry an instrument to hedge their risk, a senior company official told Reuters.

"Somewhere around end September we will launch gold options. We have already conducted mock drills," Murgank Paranjape, managing director of MCX, said on the sidelines of a conference.

The most interesting – and the most heartening – bit about Akshay Kumar’s latest, Toilet: Ek Prem Katha, is that it’s devoid of a villain. We don’t need one, the film suggests at one point, for we’ve been letdown by our people’s insistence on “sabhyata (civility)” and “sanskriti (culture)”. It’s an argument that merits some attention, more so because it comes in a Kumar film, which is usually known for its nationalist fervour. It’s also a rare instance of a Hindi film looking inwards, telling us that instead of holding someone else responsible for the quandary we find ourselves in, maybe we ought to look in the mirror more often. It’s a pity, however, that this line of inquiry, or introspection, pops up in a film that doesn’t have a lot going for it otherwise.

It seems Bollywood is the reason why the Internet Archive (archive.org), an online digital library that allows people to find archived versions of webpages via a free service called the Wayback Machine, is blocked in India.

Since August 8, 2017, many Indians have reported they've been unable to access the Internet Archive. Users have received this message when attempting to go to the site:

TVS Motors is planning to launch new hybrid and electric vehicles in the near future. The hybrid vehicle will be launched by the end of 2017, while the electric vehicle is expected to be launched by February or March 2018.

TVS Motor Chairman Venu Srinivasan said that the company has been working on an electric bike for over six years now.

The State Bank of India has rolled out a new system of credit assessment for the small and medium enterprises in a bid to ease the availability of credit to the sector.

The new system will internally evaluate SMEs having a loan requirement of Rs 50 lakh and above on the basis of cash flow rather than balance sheet of the firm.

Microsoft today announced a new version of Windows 10 that’s specifically geared toward professional users that use high-end hardware to support mission-critical workloads. As rumored, Windows 10 Pro for Workstations will feature Microsoft’s server-grade file system (the Resilient File System), support for persistent memory (NVDIMM-N), faster file sharing with SMB Direct and support for high-end hardware with up to 4 CPUs and 6TB of memory.

Ahead of its June quarter results announcement, Bharat Heavy Electricals Ltd’s (Bhel) shares had fallen 25% in the past three months. In comparison, the Nifty Infrastructure index had risen by about 2%. As it turns out, investors were on the right track in assessing Bhel’s performance. Its performance in the June quarter was dismal, with its dangerous mix of weak revenues and bloated expenses resulting in operating losses.

Maruti Suzuki is betting on its pre-owned cars business, True Value, to ramp up new car sales with the introduction of standalone True Value outlets. Earlier, the company’s True Value outlets, which is the company’s pre-owned car business, were attached to new car showrooms. But on Thursday, the company unveiled plans to open standalone branches solely for sale and exchange of pre-owned cars. The company will also launch a smartphone app, that would help a buyer select a car from those available at a True Value centre.

The stock of Tata Motors on Thursday fell to hit a 15-month low of Rs 380.90 after the automaker reported weaker-than-expected earnings in the April-June quarter. Though Tata Motors posted a net profit of Rs 3,200 crore, it was on the back of a one-time gain relating to recent changes made to JLR pension plan, without the one-time gain the company would have posted a net loss due to a forex loss of Rs 631 crore. So far this year, the stock fell by 19.19%. The stock settled at Rs 380.90 on the BSE. During the day, it ran down 9.77% to Rs 376 — its 52-week low. On the NSE, it slipped 8.61% to end at Rs 380.20.

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