State Bank of India (SBI) and Brookfield Asset Management Inc will form a joint venture (JV) to drive investment into stressed assets. While Brookfield has committed Rs 7,000 crore, India's largest lender would chip in with Rs 350 crore as initial investment. The latter would also commit to earmarking five per cent of its total investments for stressed assets.

The Indian restaurant industry will contribute Rs 22,400 crore by way of taxes and create 5.8 million direct jobs in 2016, Indian Food Services Report (IFSR), 2016, revealed on Wednesday.

The report, prepared by industry body National Restaurant Association of India (NRAI), said the country's food services market is worth over Rs 3.09 lakh crore and is estimated to reach close to Rs 5 lakh crore by 2021.

Expressing her ire at Uttar Pradesh Bharatiya Janata Party (BJP) vice-president Dayashankar Singh for comparing her to a prostitute, Bahujan Samaj Party (BSP) supremo Mayawati on Wednesday said it reflected frustration on the part of the BJP.

"These kind of derogatory statements show that BJP is frustrated with the growing public support for BSP," Mayawati told ANI outside Parliament. Singh had yesterday passed a shocking remark while trying to highlight the rampant corruption in the allocation of tickets in the BSP.

I am planning to meet the new IT minister in 15-20 days and will wait for the response and then take a call, Ramadas Kamath, EVP and Head Infrastructure, Infosys, told PTI.

Kamath, who is in-charge of the Bengal project, said the idea behind meeting the minister is to take feedback from the government.

Google finds itself in a legal soup in India with an Allahabad court sending notice to the global search engine for allegedly listing PM Narendra Modi among top 10 criminals in the world.

According to a TOI report, the notice has been sent to Google, its CEO and the company’s India head. A criminal case will also be registered against Google and its officials, the report said.

Maximum consumer complaints for poor service and call drops have been received against Bharti Airtel, Vodafone and Reliance Communications in the last three years and the trend continues, Parliament was informed on Wednesday.

As per data shared by Telecom Minister Manoj Sinha "regarding poor services and call drops received by the Telecom Regulatory Authority of India (Trai)", nearly one-third complaints received in the first half of 2016 are against Airtel.

Realty major DLF on Wednesday announced restructuring of its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that had invested Rs 1,481 crore in seven housing projects in 2007.

In 2007, DLF had diluted 49 per cent stake in seven residential projects located in Chennai, Bengaluru, Kochi and Indore to a Merrill Lynch & Co entity Ridgewood Holdings, now managed by Blackstone.

L&T Infotech, which recently concluded its Rs 1,243-crore IPO, will make its stock market debut on Thursday.

The listing will take place at the NSE in presence of L&T Group Executive Chairman A M Naik and other top officials along with merchant bankers.

Country's largest lender State Bank of India (SBI) SBI and Brookfield Asset Management have set up a joint venture (JV) with initial commitment of over $1 billion to make investments in businesses with stressed assets.

Brookfield will commit around Rs 7,000 crore and SBI up to 5 per cent of the total investments into stressed assets, the state-owned bank said in a statement.

Wipro’s June 2016 quarter performance once again reflected that the transformation the company is going through is still a work in progress, as the company disappointed the Street with its key financials.

The Bengaluru-headquartered company, though it managed to meet the middle end of its dollar-term revenue projection given for the April-June period, disappointed on the net profit growth and profit margin fronts apart from giving conservative revenue guidance for the September quarter.

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