The Reserve Bank may cut rate by 25 basis point even before its monetary policy review on June 2 as inflation is easing and the US Fed tightening is expected by year end, SBI said in a research note today.

The rate cut is most likely to take place after May 12, when release of CPI data is scheduled, it said.

The near two-year old court battle between YES Bank and Madhu Kapur may finally come to an end in the Bombay high court on May 12.

On Thursday, the court suggested that both the parties should try and settle the dispute amicably but the final order has been reserved for Tuesday.

Infosys co-founder Kris Gopalakrishnan has invested an undisclosed amount in Chennai-based speech recognition solutions company Uniphore Software Systems in a Series A round of funding.

The funding will fuel Uniphore’s global expansion and product and core technology development plans.

Tata Motors, India's biggest automaker, is getting ready to pump new life into the ailing Nano as the company prepares to take another shot at the relaunch of the model.

The next-gen Nano due for launch in two weeks (May 19) will be the model's first major overhaul since its maiden launch, complete with new gearbox technology, updated interior and exterior looks and styling.

To help lenders deal with defaulting borrowers, Securities and Exchange Board of India (Sebi) has notified new norms for banks to convert their debt into equity in distressed companies — a move that might lead to a sharp rise in restructuring of bank loans.

The decision to tweak the pricing formula for conversion of debt into equity would also pave the way for bankers to have a larger say in activities of a distressed company by acquiring a majority stake and taking over the management.

Microsoft Corp. is evaluating a bid for Salesforce.com Inc., after the cloud software provider was approached by another would-be buyer, people with knowledge of the matter said.

Salesforce, which has a market value of almost $50 billion, is working with two investment banks to determine a response to approaches, two of the people said. The San Francisco-based company’s options could include rebuffing any buyer, or working out a sale, people with knowledge of the matter told Bloomberg last week.

Goods and Services Tax (GST) will reduce prices in the long run and boost economic growth, said Finance Minister Arun Jaitley in the Lok Sabha today.

GST Bill is not a dancing instrument which will go jumping from Standing Committee to Standing Committee, Arun Jaitley added, indicating the government was in no mood to agree to the Opposition’s demand for the same.

Members in the Lok Sabha on Wednesday came down heavily on BSNL for “poor” services across the country as the government defended the telecom operator saying it has been suffering since the days of UPA government.

Discussing the BSNL services in various parts of the country, BJP member Sanjay Dhotre wondered whether some of the BSNL employees were working for private operators as they were “not interested” improving its own services, thus helping private companies to expand their networks.

Gurgaon based GreenHouse Ventures Accelerator (GHV) has selected the first startup for its accelerator programme. Mobile startup LazyLad that helps create a direct platform for local retailers to sell to customers has secured seed money of $100,000 along with the induction into GHV.

The team of three IIT graduates Co-founders – Saurabh Singla, Paresh Goel, and Ajay Sethi. LazyLad, which has not raised any outside funds as of date, plans to raise $1 million to fund their plans of providing their services in the metros of India.

Indian multinational corporation, Infosys is looking to evaluate six early stage startups in India for investments that focus on ares such as decision science and artificial intelligence. The company has allocated $250 million capital from its $ 500 million Innovation fund for investments in the range of $10-25 million per startup.

“The discussions are still at a very early stage,” said one of the persons directly familiar with the matter. “Most of the startups that companies like Infosys are looking to tap are incorporated in India, with their founders based out of the Silicon Valley.”

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.