Snehal khanna Blog

However, net interest income rises 8% to Rs 5,589 cr LATEST NEWS :     Country's largest private lender ICICI Bank reported 8% dip in net profit at Rs 2,049 crore for quarter ending June 2017 as against Rs 2,232 crore a year ago. However, net interest income rose 8% to Rs 5,589 crore as compared to Rs 5,158 crore in June 2016. Gross NPAs in Q1FY18 were 7.99% versus 7.89% in Q4FY17 and net NPAs were 4.86% in Q1FY18 versus 4.89% in Q4FY17. Net loans to companies whose facilities have been restructured were Rs 2,370 crore as compared to Rs 4,265 crore in March 31, 2017. On Thursday, the lender's stock on BSE closed 1% lower at Rs 307. READ THIS : Official: SSC releases admit cards for 2017 CGL Exam I

It alleged non-implementation of the interconnect user charges (IUC) report has given a huge benefit to them LATEST NEWS  :   In a strong attack on incumbent operators, Reliance Jio has alleged that non-implementation of the interconnect user charges (IUC) report of the Telecom Regulatory Authority of India (TRAI) in 2011 has given a huge benefit of over Rs 100,000 crore to the three major operators in the last five years. In 2011 TRAI had recommended that the IUC charges be cut to half from 20 paisa to Rs 10 paisa and gradually shift to the bill and keep model by 2014 in an affidavit to the Supreme court. Instead of moving to a zero IUC model in 2014  it was only brought down to 14 paisa with the mandate that it will be relooked after three years. Jio says that the three incumbents benefited due to the non-implementation of this recommendation. The surplus recovery that the three incumbent operators have made is based on the net present value (whi...

Latest news : Chinese handset maker Vivo has successfully retained the title sponsorship to the cash-rich twenty-20 tournament, the Indian Premier League (IPL). The company will pay the Board of Control for Cricket in India (BCCI) a total of Rs 2,199 crore over the next five years. The next closest bid was made by Oppo at Rs 1,432 crore for five years. Currently, Oppo holds the Team India sponsorship rights and, interestingly, both Vivo and Oppo are part of the same parent group. The base price for bidding was Rs 600 crore for five years, or Rs 120 crore per year. The new title sponsorship rate is a huge mark-up over what Vivo was paying the BCCI since 2016. The Chinese handset maker came in as the title sponsor in 2016 after global beverage giant Pepsi pulled out of its five-year deal with the BCCI citing the match fixing and betting scam the governing body of cricket and the annual T-20 tournament found themselves embroiled in. While Pepsi was to pay the BCCI Rs 396 crore ...

The OnePlus flagship smartphone has been one of the most anticipated devices of the year Latest news : Chinese smartphone maker OnePlus has launched its flagship OnePlus 5 in India at Rs 32,999 for the base model with 6GB RAM and 64GB storage, and at Rs 37,999 for the 8GB RAM and 128GB storage variant. The smartphone would be made available in the country exclusively through e-commerce site Amazon starting 4:30 pm on June 22. The flagship smartphone has been one of the most anticipated devices of the year so far. The OnePlus 5, coming with better camera, technical specifications and operating system than predecessor OnePlus 3T, but is it all enough to make it the flagship killer? Let’s look at the features and specifications of the smartphone. Read this : Karbonn unveils AI-based smartphone 'Aura Note 2' As confirmed before the official announcement, the OnePlus 5 is powered by Qualcomm Snapdragon 835 processor, which has Snapdragon X16 LTE modem support...

Google is expected to unveil its plans for Android O features and functionality at Google I/O Just days ahead of the its annual developer conference "Google I/O", Google has announced to end the Android "Nougat" Beta and will soon launch Android "O" Beta. "Thank you for your interest in the Android Beta Programme. The beta for Android Nougat has concluded, and all devices that were opted in have been updated to the current public version," Google said in an update to the Android beta website. "If you are still running a beta version of Nougat you may download the latest full OTA image for your device and sideload it. This will not wipe your device. We'll update this site when the Android O Beta Programme begins," the update added. Read this: OnePlus 5 coming next month? Here's all we know about the smartphone so far To date, Google had been providing Beta versions of Android Nougat (versions 7.x) alongsid...

IT major expects process to be concluded by the end of the second quarter Cognizant Technology Solutions has floated a voluntary separation option for its employees at the senior management level, at a time when the company is accelerating its move towards digital technology. This move comes as the company has initiated efforts to trim down its workforce at a larger level this year compared to last year. The Nasdaq-listed company confirmed the development and said that this is part of its overall strategy to accelerate the shift to digital and to deliver high-quality, sustainable growth. Read this: Tata Sons to invest Rs 2,000 crore more in telecom arm Sources in the company have said that the option has been given to top executives, from the associate director to the top level, including board members and vice-presidents. They added that the compensation would depend on the rank and it would be minimum nine months salary. Further, the sources said that talks were go...

It was after a long gap Maruti came up with a product that was priced well above Rs 1 million mark S-Cross , the most expensive vehicle from Maruti Suzuki, has managed to cross a milestone of 50,000 units in sales. Launched in August 2015, the vehicle had seen an initial phase of weakness due to its pricing and competition from Hyundai’s Creta, launched days before S-Cross. Raed this: Maruti 's new Dzire will roll out on 16 May: What to expect The country’s largest car maker has sold over 46,000 units of S-Cross in domestic market since launch, data with Siam showed. More than 4,000 vehicles have been exported to different destinations. The vehicle, positioned as a crossover, had seen challenges post the launch. Within a couple of months of the launch in August 2015, there was a sizeable discount of up to Rs 90,000 on S-Cross. Maruti admitted it went wrong on pricing of the 1.6 litre vehicle.  When the S-Cross was launched, the 1.6-litre option was priced at Rs 1...

India’s largest information technology (IT) services firm Tata Consultancy Services is likely to report “sustained” growth numbers for the fourth quarter of 2016 financial year continuing the momentum from Q3. After second largest software exporter Infosys’ forecast for a sluggish growth in FY18 at 6.5 to 8.5 per cent, TCS commentary on business will indicate how the Indian IT industry sail through challenges such as protectionism, stricter visa norms in the US and automation. TCS surprised the streets in October-December quarter with nearly 11 per cent growth in net profit to Rs 6,778 crore on a year-on-year basis and 2.9 per cent growth on a sequential basis. Revenues were up by 8.7 per cent at Rs 29,735 crore year-on-year and grew 1.5 per cent quarter-on-quarter. Estimates of key brokerage firms suggest revenue growth of the company should range between 4.4 and 5.4 per cent year-on-year basis, while it is expected to grow between 1.5 to 2 per cent on sequential basis in Q4 in c...

People mistakenly uninstalled Snapdeal instead of Snapchat Snapchat has been in the news for all the wrong reasons over the weekend ever since CEO Evan Spiegel allegedly claimed that he is not interested in expanding the platform's user base in 'poor countries like India and Spain'. This lead to a huge uproar in India, especially on social media forums. People not only ridiculed Snapchat for the remarks but also began an boycott campaign on Twitter and began to uninstall the app on their phones. Here is what exactly happened. According to a report published in Variety, the CEO while discussing expansion plans in a meeting allegedly dismissed an employee's concern of the slow growth rate of the app in India, stating that the app was only meant for 'rich people'. As reported earier, According to one of the employees, Spiegel had during a meeting said, "This app is only for rich people. I don't want to expand into poor countries l...