What L&T’s Q1 result tells us about state of investment demand in Indian economy

What L&T’s Q1 result tells us about state of investment demand in Indian economy

As India’s largest infrastructure and engineering conglomerate, Larsen & Toubro Ltd is proxy for the state of investment demand. The company’s June quarter’s media release on its performance has many takeaways. Fresh order intake fell 11% to Rs26,400 crore. But...
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State Bank Of India Cuts Lending Rate By 0.9% Across Maturities

State Bank Of India Cuts Lending Rate By 0.9% Across Maturities

Mumbai: State Bank of India, the country’s biggest lender by assets, said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures, after experiencing a surge in deposits. After the...
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Samsung Slammed by Chinese State TV Over Galaxy Note 7 Recall ‘Discrimination’

Samsung Slammed by Chinese State TV Over Galaxy Note 7 Recall ‘Discrimination’

Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co for what it said was “discrimination” against China consumers in its handling of a global recall of Galaxy Note 7 smartphones to replace batteries. In a comme...
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Iran to Allow iPhone Imports: State Media

Iran to Allow iPhone Imports: State Media

Iran is preparing to allow local companies to import iPhones for the first time to try to curb the huge market in smuggled Apple products, state media reported Thursday. The trade ministry has requested licences from the country’s Trade Promotion...
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Apple’s Battle With FBI Underscores Android’s Poor State of Encryption: Report

Apple’s Battle With FBI Underscores Android’s Poor State of Encryption: Report

Google CEO Sundar Pichai last month backed Apple in its ongoing fight with FBI over encryption. While privacy advocates welcomed Pichai’s stand on supporting Apple, they are still concerned about the poor state of encryption on Android devices. According...
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