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    1. Business News
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    3. fe bureau

    FE Bureau

    “The first Googlers in the space will be hired in its cloud product engineering, technical support and global delivery centre organisations,” he said.
    Google set to open new facility in Pune this year

    “This new location is expected to open in the second half of 2022, but our hiring starts alongside our rapidly…

    By FE Bureau
    January 25, 2022 01:45 IST
    Apollo Hospitals ties up with US-based Cleveland Clinic to launch second opinion services

    Through this programme, doctors at Apollo will collaborate with leading medical experts at Cleveland Clinic to review complex cases and…

    By FE Bureau
    January 25, 2022 01:15 IST
    Going forward, the profitability of some of these companies and their potential to grow their businesses in the coming years will remain a key factor for investors to watch, analysts said.
    Zomato, Paytm, Nykaa shares routed amidst global sell-off

    The BSE IPO index, which constitutes of recently listed stocks, fell 7% or 830 points to end at 11,036.50.

    By FE Bureau
    January 25, 2022 01:00 IST
    The high court had scheduled the case for hearing on March 29.
    Rs 4,600-crore arbitral award: SC asks HC to hear DAMPEL plea against DMRC ‘without further delay’

    There should be no further delay in deciding the case as it is detrimental to the interests of both the…

    By FE Bureau
    January 25, 2022 00:45 IST
    To be sure, this is partly due to the huge Rs 7,300 crore loss posted by Vodafone Idea but profit growth has been weak, nonetheless. RIL and TCS account for almost half the sales for the sample.
    Profits poor as input costs pressure margins

    Firms with strong brands do take price hikes but volumes modest; Smaller players are losing market share to bigger rivals

    By FE Bureau
    January 24, 2022 05:15 IST
    This would push the industry’s recovery beyond FY23, its analysis based on three large airlines – IndiGo, SpiceJet, and Air India – has shown.
    Data monitor: Airlines facing steepest-ever loss in FY22

    India’s airlines are flying towards their steepest-ever net loss of more than Rs 20,000 crore this fiscal — 44% more…

    By FE Bureau
    January 24, 2022 00:05 IST
    The net interest margin (NIM) – a key measure of profitability – stood at 3.96%, down four basis points (bps) from 4% in the previous quarter. 
    ICICI Bank Q3 profit rises 25%

    Batra said the bank made recoveries worth Rs 4,200 crore in Q3. “Amongst this Rs 4,200 crore, most of the…

    By FE Bureau
    January 23, 2022 06:30 IST
    On a sequential basis, the NII was higher 17%. Net interest margin (NIM), on the hand, stood at 2.4% in Q3, lower than 3.4% last year.
    Q3 Result: YES Bank PAT rises 77% to Rs 266 cr on back of lower provisions

    The private lender’s advances, however, grew at a tepid pace of 4% on a y-o-y basis.

    By FE Bureau
    January 23, 2022 05:30 IST
    Smriti Irani was in conversation with Anant Goenka, Executive Director, The Indian Express Group, and National Opinion Editor Vandita Mishra
    ‘Earlier there were monologues. Now there is a voice talking back’

    At the recent e.Adda, Union Minister for Women and Child Development, Smriti Irani spoke on the Bill to raise the…

    By FE Bureau
    January 23, 2022 05:00 IST
    What this means is that if you landed there in 2017, as Prabhkiran had, you'd switch on your phone to find that you didn't have any cellular data or Wi-Fi and, consequently, no access to the internet.
    The digital fence | Book excerpt – The Art of Bitfulness: Keeping Calm in the Digital World by Nandan Nilekani & Tanuj Bhojwani

    The Art of Bitfulness: Keeping Calm in the Digital World by Nandan Nilekani & Tanuj Bhojwani

    By FE Bureau
    January 23, 2022 01:30 IST
    CSB Bank net surges 180% on improved asset quality

    Provision Coverage of the bank is seen higher at 82.95 % and capital adequacy ratio stands at 20.74% , which…

    By FE Bureau
    January 22, 2022 08:47 IST
    In CY21, Indian start-ups raised around two times more in investments against the previous year, out of which 61% were raised by 42 unicorns alone. Around 10-15% start-ups now have at least one woman co-founder, including 10 unicorns.
    Unicorns mop up 61% of start-up funding in CY21

    Around 6.6 lakh direct jobs and 34.1 lakh indirect jobs were created by start-ups in the last decade alone.

    By FE Bureau
    January 22, 2022 06:30 IST
    The company lost 8.5 million subscribers during the quarter, which is better compared with the preceding quarter when the net subscriber numbers slipped sharply, witnessing a decline of 11.1 million users.
    Jio reports 2% rise in profit; Arpu at Rs 152

    Jio’s voice volume growth, however, improved sequentially by 5.5% to 11,50,000 million minutes, after seeing a slowdown in the preceding…

    By FE Bureau
    January 22, 2022 06:15 IST
    As per the existing guidelines, expenditure in the last quarter of a financial year is capped at 33% of BE and the spending in March can't exceed 15% of BE.
    Centre eases spending caps for Q4 and March

    The budgetary capex saw a sharp 54% decline in November 2021.

    By FE Bureau
    January 22, 2022 06:00 IST
    The telco's subscriber base declined to 247.2 million vs 253.0 million in Q2FY22, however, the 4G subscriber base saw addition of 0.8 million, with overall 4G base now at 117 million.
    Vodafone Idea loss widens to Rs 7,234 cr

    The total gross debt (excluding lease liabilities and including interest accrued but not due) as of December 31, 2021, stood…

    By FE Bureau
    January 22, 2022 05:45 IST
    On a sequential basis, the lender’s bottomline grew 2%.
    IDBI Bank PAT jumps 53% YoY on higher NII growth

    For the quarter ended December, IDBI Bank’s NII or the difference between interest earned and expended, grew 31% on year…

    By FE Bureau
    January 22, 2022 04:45 IST
    For the EEB segment (erstwhile microbanking segment), collection efficiency for December 2021 stood at 92% (including NPAs) against 86% in September 2021. And, it was 97% (excluding NPAs) for December versus 93% in September.
    Bandhan Bank net rises 36% riding on growth of non-interest income

    The private sector lender had posted a whopping net loss of Rs 3008.59 crore for the second quarter in the…

    By FE Bureau
    January 22, 2022 03:45 IST
    The order book for the quarter ended December 31, 2021, was at $334.3 million in total contract value. The company's quarterly attrition was at 26%.
    Persistent Systems net up 45.9% in Q3

    The company had 17,000 employees at the end of the third quarter of FY22.

    By FE Bureau
    Updated: January 25, 2022 14:13 IST
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