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IT companies log on to 'Hire American'

10h business-standard
Ayan Pramanik & Karan Choudhury  |  Bengaluru | New Delhi  January 21, 2017 Last Updated at 21:45 IST

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Tata Motors Apr-Dec passenger car sales grows 18%

14h business-standard
The passenger car division of Tata Motors Ltd has grown steadily in 2016 despite demonetisation move and between April and December 2016 the company has registered a car sales growth of 17.5 per cent. "In the current financial year, between April and December 2016, the growth in car sales is 17.5 per cent to 1.2 lakh units over the same period last year. Industry grew by 8 per cent during the nine months.

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IT firms log on to 'Hire American'

12h business-standard
Ayan Pramanik & Karan Choudhury  |  Bengaluru | New Delhi  January 21, 2017 Last Updated at 19:56 IST

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Is Trump really the 'bad guy' for Indian IT? Take cue from Oracle lawsuit

17h business-standard
'First make a good-faith to recruit American workers', says a new Bill introduced in the United States Congress by senators Chuck Grassley and Dick Durbin to tighten the noose around the H-1B visa programme. Ever since, seasoned businessman-turned-politician Donald Trump, decided to grab the coveted seat of the world's most powerful economy, Indian technology firms have been dreading amendments in laws that could hurt them.

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PhonePe app in breach of UPI guidelines: NPCI

19h business-standard
The National Payments Corporation of India (NPCI) on Friday directed mobile phone e-wallet PhonePe to comply with the UPI (Unified Payments Interface) guidelines.

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What will Trump presidency mean for tech? It’s complicated - Business Insider

2017-01-20 businessinsider
On Friday, Donald Trump was inaugurated as the 45th President of the United States. As the most powerful man in the world, he’ll be in a position to shape technology policy.

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PhonePe, Flipkart apps in breach of UPI guidelines: NPCI

20h business-standard
The National Payments Corporation of India (NPCI) on Friday directed mobile phone e-wallet PhonePe to comply with the UPI (Unified Payments Interface) guidelines.

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India pressed ahead with banknote ban despite RBI concerns

2017-01-20 in.reuters
NEW DELHI/MUMBAI India pushed ahead with its decision to scrap banknotes even as the Reserve Bank of India's (RBI) own board expressed concern whether the cash could be replaced quickly enough, the central bank has said in written testimony to parliament.

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Fairfax may sell 25 pct of India's ICICI Lombard in up to $1 bln deal-sources

2017-01-20 reuters
MUMBAI Fairfax Financial Holdings (FFH.TO) is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said.

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Brexit latest - Theresa May in Davos - BBC News

2017-01-19 bbc.co.uk
Full story: May makes Brexit speech in Davos Political analysis: Landale: Don't mention the war Basics: All you need to know about Brexit

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Airtel Considering Exits, Stake Sales at Some Africa Operations - Bloomberg

2017-01-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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Gazprom adds capacity at Bovanenkovskoye field on Yamal peninsula - Oil & Gas Journal

2017-01-20 ogj
OAO Gazprom has added production and transmission capacity at Bovanenkovskoye natural gas-condensate field on the Yamal peninsula in northern Russia.

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Supreme Court to hear plea seeking to defer annual budget

2017-01-20 in.reuters
NEW DELHI The Supreme Court said on Friday it would hear a plea at the start of next week that seeks to postpone the government's annual budget, due to be delivered on Feb. 1, until after five forthcoming state elections are held.

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Fairfax may sell 25 percent of India's ICICI Lombard in up to $1 billion deal - sources

2017-01-20 in.reuters
MUMBAI Fairfax Financial Holdings is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said.

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Motherson Sumi Offers Up to $610 Million to Acquire PKC - Bloomberg

2017-01-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

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Sensex, Nifty slip; Axis Bank tumbles

2017-01-20 in.reuters
Indian shares were slightly lower on Friday after two straight sessions of gains, dragged down by Axis Bank Ltd on disappointing results while investors remained cautious ahead of Donald Trump's inauguration as the U.S. president later in the day.

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Indian banks' loans rose 5.1 pct y/y in two weeks to Jan 6 - RBI

2017-01-20 in.reuters
Indian banks' loans rose 5.1 percent in the two weeks to Jan. 6 from a year earlier, while deposits rose 14.7 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.

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GE profit up 36 percent, sales slow; affirms 2017 forecast

2017-01-20 in.reuters
General Electric Co reported a 35.7 percent jump in quarterly profit on Friday, helped by strength in its power and renewable energy businesses, and affirmed its growth and profit forecasts for 2017.

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M&A space: Motherson Sumi to buy Finland's PKC Group for Rs 4,150 crore

2017-01-20 business-standard
In one of the biggest acquisitions in auto component space by an Indian firm, Motherson Sumi Systems Ltd (MSSL) will launch a 571 million euro (over Rs 4,150 crore) open tender offer to fully acquire Finland's PKC Group Plc (PKC), a maker of wiring harness. At a meeting of its board of directors on January 19, MSSL has approved a proposal to launch a voluntary, recommended public tender offer for the acquisition of the outstanding share capital and voting rights of PKC Group Plc, Finland, the company said in a statement.

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BP’s Juniper platform departs for offshore Trinidad - Oil & Gas Journal

2017-01-20 ogj
The Juniper platform has set sail for the southeast coast of Trinidad where it will be installed as BP Trinidad and Tobago LLC’s 14th offshore installation.

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After Chinese investment, Pakistan's bourse bets on derivatives

2017-01-20 in.reuters
KARACHI Pakistan's soaring stock exchange will introduce derivatives trading from the middle of 2017, the bourse's managing director said, announcing the move weeks after a Chinese-led consortium took a strategic stake.

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Australia, India deals boost French arms sales to record 20 billion euros in 2016

2017-01-20 in.reuters
PARIS French weapons sales hit a record high of more than 20 billion euros ($21.33 billion) in 2016 after submarine contracts in Australia and fighter jet sales to India, France's defence minister said.

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Debrett's 500 List: Finance

2017-01-20 telegraph.co.uk
Former deputy Bank of England governor Andrew Bailey was named as the new head of the FCA in 2016. Now the UK’s most senior financial regulator, Bailey has warned recently over challenges posed by a rise in peer-to-peer lending, a sector valued at more than £100 billion globally. In his previous role as chief executive of the Bank of England’s Prudential Regulation Authority, Bailey oversaw the regulation of around 1,700 financial bodies.

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Trapped in dying tea gardens, workers lose children to traffickers

2017-01-20 in.reuters
JALPAIGURI, India (Thomson Reuters Foundation) - Fagua Ooraon was running late for work when traffickers stopped outside his hut and said they were taking his teenage daughter with them to the city for better employment.

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Germany to insist that U.S. abides by trade accords - Schaeuble in Spiegel

2017-01-20 in.reuters
BERLIN German Finance Minister Wolfgang Schaeuble said he does not expect a trade war with the United States despite President-elect Donald Trump's criticism of German car makers, but said Germany would insist the United States stick to international accords.