With bad loans continuing to be a problem, ICICI Bank is reportedly planning to re-start a special vertical to handle such assets.

The country's largest lender State Bank of India already has such a group called Stressed Assets Management Group to handle high NPAs, which came lower during the December quarter.

Come April, all senior-level Infosys employees are in for a bonanza. They will be eligible for a double bonus that could go beyond $100,000.

This long-term bonus, for those with the designation of associate vice-president and above at Infosys, was earlier disbursed once every two years but, since 2014, it’s become an annual payout. This will result in employees becoming eligible for double disbursal as the last one was made in 2013, people familiar with the situation told FE.

BENGALURU: Wipro has been recognized as the world's most ethical company by the Ethisphere Institute for 2015. The world's most ethical companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

The Ethisphere Institute has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character.

NEW DELHI: With e-commerce business growing in India, realty major DLF has tied-up with online market place Snapdeal to sell its apartments and would offer 1 per cent discount to potential home buyers.

DLF will offer on Snapdeal about 50 flats in eight housing projects across the country in a price range of Rs 34 lakh to Rs 3 crore.

Mumbai: ICICI Bank Ltd, India’s largest private-sector lender, will revive a unit to spearhead a drive to recover bad debts, people with knowledge of the matter said.

The Mumbai-based lender will restart the so-called Special Asset Management Group, which it shut a decade ago, by April, the people said. They asked not to be identified as they’re not authorized to discuss the effort.

MUMBAI: A surge in the use of cards in e-commerce and m-commerce has made HDFC Bank expand its card strategy. The Bank will soon launch a payment system for small merchants to accept card payments without swipe machines, besides a new category of virtual credit cards.

HDFC Bank is a market leader in the credit card business, accounting for more than half of the amount outstanding under various credit card accounts.

The government has shortlisted Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company, in which the Anil Ambani group firm Reliance Infrastructure has recently acquired management control, for award of a Rs 60,000-crore contract to build six conventional submarines under its Project 75i.

According to highly-placed sources, a high-level committee headed by vice-admiral Subhedar, which had inspected both public and private shipyards to shortlist candidates to issue the request for qualification (RFQ) for Project 75i, in its final presentation to the ministry of defence (MoD) last week, selected the two private sector shipyards — L&T’s Katupalli yard and Pipavav unit.

Barcelona calls itself the mobile capital of the world. That is not because this Catalan city has more mobiles than the rest of the world, but because every year it is here that the biggest mobile brands converge to showcase their roadmap for the rest of the year. The sprawling venue at the new Fira on the outskirts of the city also sees a lot of closed door meetings where the big partnerships of the business are forged and new technologies seen and acquired.

As always, the big brands all lined up to launch their new flagships at dazzling events at the stunning venues this beautiful city has to offer.

Indian markets today logged their biggest drop in 2 months with BSE benchmark Sensex tanking 604 points to close below 29,000 mark and the Nifty index slipped 181 points to fall below 8,800 level on fears that an earlier-than-expected rate hike by US will hit fund inflows.

It was a sea of red in domestic markets today. Nearly 1900 shares on the BSE fell while less than 1,000 managed to rise.

Anti-corruption crusader Anna Hazare will set off on a month-long 'padyatra' (foot-march) to Delhi to mobilise public opinion against the land bill on March 25 from Sevagram, which houses an ashram of Mahatma Gandhi, here.

The 77-year-old activist, who reached here last night, held discussions with his close associates over the details of the yatra and announced later that the campaign would start on March 25 and conclude on April 27 at the Ramlila Maidan in Delhi.

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