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Kotak maintains ‘Reduce’ rating on Wipro, highlights ‘multiple headwinds’

Kotak maintains ‘Reduce’ rating on Wipro, highlights ‘multiple headwinds’

Wipro has taken an interesting approach towards digital through Wipro Digital, a unit that is branded separately and focuses entirely on business outcomes using strategy, design and technology as the enablers. Acquisition of Designit has been a shot in the arm. We maintain our reduce stance on Wipro noting multiple business headwinds but would keep a close eye on its aggressive and interesting approach to play catch-up in digital.

RIL commissions 1st phase of Paraxylene plant at Jamnagar

RIL commissions 1st phase of Paraxylene plant at Jamnagar

Reliance Industries has announced the commissioning of the first phase of its Paraxylene (PX) plant at Jamnagar, Gujarat.

The plant with capacity of 2.2 million tonnes per annum is built with state-of-the-art crystallisation technology from BP which is highly energy efficient and environment friendly.

Sensex wipes off all gains to end in red on late selling, ahead of F&O expiry

Sensex wipes off all gains to end in red on late selling, ahead of F&O expiry

The Sensex wiped off all its gains on Wednesday to end in the red with a minuscule fall at 26,211 as cautious investors took profit at higher levels ahead of the monthly derivatives expiry amid a mixed trend overseas. Besides, the rupee depreciated 18 paise intra-day against the dollar, to 68.24, which had a negative impact too. But volumes were thin during the session as most foreign investors are away on a vacation in a year-end holiday season and other participants chose not to widen their bets.

India largest country in demand for mobile developer courses: Google India

India largest country in demand for mobile developer courses: Google India

India overtook the US to become the largest country in terms of interest in mobile developer courses in 2016, Google India said on Tuesday search queries in mobile development courses from India saw 200 per cent (year-on-year growth) in the last two years. Karnataka, Tamil Nadu and Maharashtra led with bulk of Search queries for mobile developer courses.

“We have seen tremendous response across mobile developer courses from India, with 16,500 students enrolling every month, taking up Android development, mobile web development and learning new cloud-based technology courses,” said Peter Lubbers, Head, Google Developer Training, in a statement.

Your ‘call drop’ problem to end soon: Telcos to install 150,000 towers by March 2017

Your ‘call drop’ problem to end soon: Telcos to install 150,000 towers by March 2017

In a bid to tackle the call drop menace, Government has launched an Integrated Voice Response System (IVRS) system at multiple locations including Delhi and Mumbai to obtain direct feedback from subscribers on call quality. The feedback will be shared with operators so they can take corrective steps in the problem areas and address the issue of call drops. The IVRS system will be extended to the entire country shortly, an official release said.

Twitter partners with ICICI Bank for advanced customer care

Twitter partners with ICICI Bank for advanced customer care

NEW DELHI: Twitter and ICICI Bank announced a partnership on Wednesday that is aimed at integrating additional digital customer care support features to benefit customers with direct online response to their queries and feedback in real-time, Twitter said in a statement. The social networking platform said ICICI Bank is the first bank in India to implement the new features to its Twitter account @ICICIBank_Care for social customer care.

Ashok Leyland launches Oyster staff bus in Saudi Arabia

Ashok Leyland launches Oyster staff bus in Saudi Arabia

DUBAI: Hinduja Group flagship Ashok Leyland has launched Oyster staff bus in Saudi Arabia, the third product from India's second largest commercial vehicle manufacturer in the kingdom in six months.

The automaker had launched Falcon 66 seats and 56s school bus in July, Oyster midi-41 seater school bus in November and now come up with Oyster 33 seater staff variant.

Notes ban PMLA case: ED arrests Kotak Mahindra Bank's manager in New Delhi

Notes ban PMLA case: ED arrests Kotak Mahindra Bank's manager in New Delhi

ED has arrested a manager of a Kotak Bank branch here in connection with its money laundering probe in a criminal case of detection of nine alleged fake accounts with deposits worth Rs 34 crore post demonetization.

Officials said the agency arrested the manager of the bank's branch in the K G Marg area here, late last night after questioning.

SBI trashes report of Rs 1,300-crore deposit in Arunachal branches

SBI trashes report of Rs 1,300-crore deposit in Arunachal branches

State Bank of India (SBI) rejected reports that Rs 1,300 crore cash has been deposited in its various branches in Arunachal Pradesh after demonetization saying no such deposits were found after minutely verifying the relevant records.

SBI Regional Manager Sakya Sinha Bairagi in a statement today said, "We have verified all our relevant records minutely and found that no such deposits were made in any branch of the SBI in the state under Itanagar region." He said, the Itanagar region (SBI) has 43 branches out of which 26 are in Arunachal Pradesh.

Over 50 injured as 15 coaches of Sealdah-Ajmer express derails near Kanpur

Over 50 injured as 15 coaches of Sealdah-Ajmer express derails near Kanpur

Over 50 passengers were on Wednesday injured when 15 coaches of the Ajmer-Sealdah Express derailed near Rura Railway Station in Kanpur Rural district, the second rail accident in the region in two months.

While soon after the mishap that took place at 5:30 am, IG (Kanpur range) Zaki Ahmed said two of the seriously injured passengers had died, General Manager, North Central Railway Arun Saxena said the railway medical team at the spot has no information of any death.

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