• ALL DEALS
    Deutsche Bank declines as Moody’s signals downgrade risks

    A file photo of the headquarters of Germany’s Deutsche Bank in Frankfurt. Photo: Reuters New York: Deutsche Bank AG extended declines after Moody’s Investors Service signalled it may cut the German lender’s credit rating amid concern that it will struggle to restructure businesses. “Since changing leadership last June and recalibrating its strategic plan last November, […]

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    Narendra Modi risks middle-class backlash in bid to spur lending

    A backlash already prompted Narendra Modi to backtrack on a budget proposal to tax the provident funds of 37 million employees, a sign of his reluctance to stick with difficult political decisions ahead of a slew of state elections. Photo: Reuters New Delhi: Prime Minister Narendra Modi risks a political backlash among the middle class […]

  • NEWS
    Standard Chartered said to curb $2 billion diamond exposure

    Though diamonds account for less than 1% of Standard Chartered’s $261 billion of loans, gemstones haven’t escaped the scrutiny of CEO Bill Winters. Photo: AP London: Standard Chartered Plc is demanding more loan protection from clients in the Indian and Belgian diamond trade as the bank seeks to tighten standards, according to people with knowledge […]

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    Credit Suisse to axe 2,000 more jobs as revenue slumps

    A file photo of the Credit Suisse office in Milan. This year investment banking revenues have been hit by record low interest rates. Photo: Reuters Zurich: A slump in investment banking revenues prompted Credit Suisse on Wednesday to accelerate its restructuring plan and cut a further 800 million Swiss francs ($821 million) of costs. The […]

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    RBI eases liquidity coverage ratio norms

    Photo: Pradeep Gaur/Mint Mumbai: The Reserve Bank of India (RBI) gave bankers more flexibility in maintenance of liquidity coverage ratio (LCR) under Basel III by tweaking certain norms and allowing some corporate bonds to be included in the calculations. In a circular on Wednesday, RBI said banks can include corporate bonds and commercial papers for […]

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    Start-ups: Deals of the day

    Photo: iStockphoto Drivojoy raises Rs4 crore from IAN, others On-demand two-wheeler repair platform Drivojoy on Wednesday said it has raised Rs.4 crore from the Indian Angel Network (IAN). Others who participated in the round include TracxnLabs, an early-stage fund run by Tracxn, a company which tracks start-ups; Shailesh Rao, vice-president, international operation, of Twitter Inc.; […]

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    Structured higher education can spur entrepreneurial ambitions: NYU study

    Photo: Indranil Bhoumik/Mint Bengaluru: Structured higher education, provided the environment is conducive, can spur entrepreneurial ambitions, according to research by New York University’s Steinhardt School of Culture, Education, and Human Development. The study will be published in the May volume of the The Journal of Higher Education. While the education system is criticized for not […]

  • NEWS
    Robotics start-up Endless Robotics raises $100,000 in seed funding

    Endless Robotics provides a service that uses robotics to make paint spray technology effective and bring greater efficiency to construction and real estate projects. Endless Robotics Pvt. Ltd, a start-up that makes products for automating painting in the construction and real estate industries, on Wednesday said it raised $100,000 in pre-series funding from angel investors […]

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    Uber-Ola battle goes from the streets to court

    Photo: Mint Bengaluru/New Delhi: The fight for market share between taxi aggregators Uber and Ola travelled from the streets to the courts on Tuesday when the former sought almost Rs. 50 crore in damages for losses it claimed to have suffered because of fraudulent practices adopted by its local rival. Ola denied the charges in […]

  • NEWS
    For Google, India to be bigger market than US by next year: Pichai

    Sundar Pichai, global chief executive at Goggle, the giant search engine, believes India will become a bigger marketfor the company than the US sometime in the middle of 2016. In an interaction with half a dozen journalists here on Wednesday, he said it was not only with regard to the use of Android-based phones that […]

  • NEWS
    Project Loon: How Google plans to use balloons to connect India

    obal search giant Google’s Project Loon to provideinternet across geographies comes across as an intriguing idea, especially as it is to be done using floating balloons. The idea caused more curiosity in India when GoogleChief Executive Sundar Pichai said in a press meet on Wednesday that his company was bringing balloon-powered internet to India.   […]