1/14
Singapore Technologies Telemedia (STT), owned by Temasek Holdings, will pick up 74% stake in the data centre unit of Tata Communications for around $500 million, or Rs 3,250 crore, people familiar with the matter said.
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2/14
Projecting an economic growth rate of close to 7.5 per cent in 2016 and 2017, Moody's Investors Service on Thursday said the prevailing low headline inflation is expected to continue aided by a good monsoon, allowing RBI to sustain its current accommodative stance. However, Moody's in a report said India has a strong GDP growth, but private investment remains weak.
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3/14
BJP candidate Govind Parmar won the Talala assembly bypoll today and defeated Congress candidate Bhagvan Barad with the margin of 2183 votes.
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4/14
State-owned Syndicate Bank on Thursday said it will raise up to Rs 4,300 crore this fiscal through various instruments including Basel-III compliant bonds, rights issue and preferential allotment.
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5/14
With the met office predicting Cyclone Roanu to intensify into a severe cyclonic storm, Odisha government on Thursday issued alert in at least 12 districts and asked authorities to be prepared to face eventualities. The alert has been issued in 12 districts in coastal, southern and northen regions keeping a watch on the movement of the cyclone, chief secretary A P Padhi told reporters after chief minister Naveen Patnaik reviewed the cyclone preparedness.
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