Govt to sell stake in Oil India, NTPC, 3 other PSUs
The government will sell a minority stake in the nation’s biggest power producer NTPC, as well as in Oil India Ltd and three other PSUs as part of its disinvestment drive. The Department of Disinvestment today sought bids to appoint legal advisors for sale of stake in five PSUs through an... read more »
India is now a $2-trillion economy
India’s GDP crossed the $2-trillion mark in 2014, according to data released by the World Bank in Washington late on Wednesday. After taking 60 years to reach the $1-trillion mark, India added the next trillion in just seven years. The World Bank data also show that India’s gross national... read more »
DBS India posts Rs 275-cr loss in FY15 on provisioning
Singapore-based DBS Bank has posted a loss of Rs 275 crore in FY15. This is the first time the bank has incurred a loss in its India business since it set up its first branch in India in 1995. This loss on the book was mainly on account of a clean-up of its bad loans portfolio. In FY14, DBS’s... read more »
A Google blunder knocked £175 off the price of a Nexus 6
A technical blunder at Google meant late-night shoppers could have picked up a 32GB Nexus 6 for as little as £304 ($474). Normally, those phones sell for £479 ($746). The Independent spotted the £175 ($273) discount late on Thursday night. The reason for the drop remained unclear. However, a... read more »
