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Business News| Moldy Oldies: Toyota's Uncool App Gives Parents A Musical Defense Against Reckless Teenagers
- Toyota and iSaatchi & Saatchi of London are giving parents a new digital-era weapon in their age-old battle to tame the dangerous and empirically destructive impulses of teenage drivers. Safe and Sound is an app that plays parents' embarrassing music in the car if the young driver acts unsafely.
Fri, 18 Aug 2017 20:02:00 GMT
| | HDFC Bank changes its growth track
- HDFC Bank has been among the top BSE Sensex performer, with year-to-date gains of 45 per cent. However, after scaling to its 52-week high of ~1,810 on August 1, the stock has pared some gains to now trade at ~1,754.The decline may be attributed to weak market conditions seen in the past few weeks. June quarter results, which threw up some asset quality issues, particularly on the agriculture loans front, has prompted some analysts to increase their credit cost estimates. Jefferies has upped its credit cost guidance 18 basis points (bps) for FY18, while UBS has raised it by 10 per cent to 82 bps, to factor in higher delinquencies in the farm and small business segments. For a bank that hasn't seen much credit cost adjustment, this is perhaps a first in recent times. It needs to be seen how HDFC Bank's recent announcement on increasing its market share in wholesale loans (mainly through refinancing loans) would impact its growth, asset quality and profitability. Wholesale loans ...
Fri, 18 Aug 2017 20:00:00 GMT
| | How to Rent a Classic Car on the French Riviera, Singapore's Best Shopping and More
- Passport by ForbesLife chronicles the latest in luxury travel, drinking and dining, fashion—and life's other indulgences.
Fri, 18 Aug 2017 20:00:00 GMT
| | Two Killed in Finland Stabbing Spree
- Police shot and detained a man who allegedly stabbed at least eight people in Turku, Finland, killing two, according to law-enforcement officials.
Fri, 18 Aug 2017 19:59:01 GMT
| | June quarter earnings: Hits and misses
- India Inc missed earnings estimates in the June quarter even as revenue growth remained strong
Fri, 18 Aug 2017 19:56:00 GMT
| | Taylor Swift Deletes Social Posts, Sends Internet Into Collective Tizzy
- When you're the biggest star on the planet, you don't have to say a word to get millions of fans talking.
Fri, 18 Aug 2017 19:56:00 GMT
| | What Can Economically Depressed Cities Learn From New York City's 1970s Immigrant Revitalization?
- Economic development leaders could learn from a single exhibition case called “New Immigrant City” on display at the Museum of the City of New York. Part of the colossal “New York at Its Core” exhibit, this cabinet captures the impact of immigrant-owned businesses that boosted the city’s economy.
Fri, 18 Aug 2017 19:53:00 GMT
| | Reliance MF files offer document for Rs 2,000-cr IPO
- Reliance Nippon Life Asset Management (RNAM), asset management arm of the Anil Ambani-promoted Reliance Capital, filed documents on Friday with the Securities and Exchange Board of India for an Initial Public Offer of equity (IPO).According to sources, the IPO size could be between Rs 1,800 and Rs 2,000 crore and would lead to 10 per cent dilution. The issue would comprise a new equity component and an Offer for Sale by both Reliance Capital and Nippon Life Insurance. The aim is to launch the IPO in this financial year.RNAM will issue 24.5 million new shares, Nippon Life will offer around 25.5 mn and Reliance Capital 11.2 mn. A source said the fresh component will be worth Rs 720-800 crore, while the Nippon Life and Reliance Capital stake sale will be worth Rs 330 crore and Rs 750 crore, respectively. Currently, Reliance Capital and Nippon Life hold 51 per cent and 44.57 per cent in RNAM. The IPO could lead to dilution of Reliance Capital's and Nippon Life's holding by 1.8 per cent ...
Fri, 18 Aug 2017 19:53:00 GMT
| | Centre aims big on strategic sales
- Biggest strategic divestment planned for completion in FY18 is sale of its 51% stake in HPCL to ONGC
Fri, 18 Aug 2017 19:49:00 GMT
| | Infosys ends market's winning run; IT giant sees highest fall in 2 years
- Sensex drops 0.85% as IT giant's scrip slips by 10%
Fri, 18 Aug 2017 19:49:00 GMT
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