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 »
Reliance Communications rallies after multiple block deals
Shares of Reliance Communications have moved higher by 8% to Rs 62.95, bouncing back 11% from intra-day low on the BSE after multiple block deals were executed in the counter. At 1208 hours, around 42.45 million shares have changed hands at price of Rs 58.35 on the BSE, the exchange data shows. The... read more »
Bajaj Finance hits lifetime high; surges 30% in one month
Shares of Bajaj Finance were trading higher by 3% at Rs 5,587, extending their month-long rally on the Bombay Stock Exchange (BSE). The stock of non-banking finance company touched a lifetime high of Rs 5,596 in intra-day trades, rallying by 30% in the past one month from Rs 4,317 on June 3. The... read more »
