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Public Sector Banks Credit Profile Will Suffer Unless Capitalised: Fitch

The sudden deterioration in profitability at PSBs for the third quarter of 2015-16 was triggered mainly by higher provisioning following an RBI order on reclassification of troubled loans

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Silicon Valley Wants 'Dramatic Expansion' Of H1-B Visa: US CEO

With IT firms struggling to find quality and right number of professionals, a top American CEO has called for a "dramatic expansion" of the H-1B visa scheme -popular among Indian tech firms- to meet the growing demand.

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Sensex Remains Anaemic, Profit-Booking Weighs

Investors took comfort from Moody's statement that Indian economy will grow at 7.5 per cent and is less exposed to external headwinds.

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Oil Prices Fall On Oversupply Concerns After US Crude Stocks Hit Record

Oil prices rose more than 14 per cent in the three days to Thursday after Saudi Arabia and Russia, supported by other producers including Venezuela and Iraq, moved to freeze oil output at January's levels

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GIC, Advent, Bain Invest $350 Million In Engineering Outsourcer QuEST

The private equity funds bought the stake from a unit of Warburg Pincus LLC and other company shareholders, said QuEST, founded by former General Electric Co engineer Ajit Prabhu in 1997

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How India Will Protect Nuclear Liabilities Of US Firms

India wants to build more nuclear power plants in an attempt to reduce the share of coal in electricity generation. Increasing the use of nuclear power is also a part of the country’s strategy to tackle climate change

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Ministers Discuss Draft Aviation Policy

The draft aviation policy, rolled out last October, contains several provisions like two per cent levy on all air tickets to fund regional connectivity and tax sops

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Colombo Unveils Travel Package For Indians

Bollywood actor Jacqueline Fernandez launched the package along with representatives from SriLankan Airlines

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Sensex Slumps 141 Points On Profit-booking

The Sensex fell about 141 points in early trade on Friday due to profit-booking by investors after recent gains amid weak cues from Asian markets.

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Moody's Pegs India's GDP Growth At 7.5% In 2016-17

Says India is relatively less exposed to external headwinds such as China slowdown, and will benefit from lower commodity prices

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