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Recent Business news updates for various examinations and updating current affairs of UPSC, Banks, IBPS, SSC etc

Why No Vacancies in IBPS CWE 2017 By Public Sector Banks ?

Public Sector Banks are consistently top employment generator in India for past 6 years. Almost 25% of all government jobs are being provided by banking sector at large. In the last two years, 68,000 to 70,000 vacancies have been filled up in PSBs, including in SBI. About 1.3 million people are employed by public and private sector banks.Recently many of ...

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Google Launches UPI Enabled Digital Payment App “Tez”

Google has launched their Digital Payment App “Tez” with UPI enabled services. Tez, which means fast in Hindi, is a mobile payments app that can be downloaded on Android and iOS devices for seamless payment through linked bank account. Google Tez is enabled with all type of payment and accepted at any of the store. Payment can be made through QR ...

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Infosys MD & CEO Vishal Sikka Resigned

Finally the power of founders and shareholding forced CEO & MD of India’s second largest software exporter to resigned. Vishal Sikka has resigned under pressure from founder Narayana murthy, as the latter was upset on corporate governance. Vishal Sikka, the outgoing Managing Director and Chief Executive Officer squarely put the blame for his resignation on N R Narayana Murthy’s relentless attacks undermining ...

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LIC Lost Rs 7000 Crore Just in 30 Minutes

LIC SHares ITC free fall

Life Insurance Giant “LIC” lost Rs Seven Thousand Crore just in 30 minutes. This is all due to free fall of ITC share on stock market. A steep free flow of ITC share in morning trading triggered such a huge loss to LIC. LIC held 16.29 per cent in the cigarette maker as of June 30, 2017. Domestic insurance companies together lost ...

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Now RFID Fastags Mandatory for All New Vehicles in India

Indian Government, Ministry of Road and Transport now wake up as the order made a year back for fitting up the RFID tags in vehicles without adequate infrastructure. All these approximately 73 lakh vehicles manufactured over the last couple of years of no use and ministry want all these tags to be refixed or updated. These RFID tags may be enabled ...

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Desi Patanjali Now Rs 10,000 Cr Company, 3rd Largest among FMCG’s

This is absolutely unbelievable but Baba Ramdev promoted Patanjali is not less than any big MNC’s. The total revenue of patanjali clocked at Rs 10,216 crore in 2016-17. His immediate previous year revenue was Rs 5,000 crore. A jump in solid 100% which surprises biggies liks Nestlé, Godrej Consumer, Britannia, and Dabur.  Patanjali is only far behind MNC’s ITC and Unilever, ...

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NPCI Launches Bharat QR Codes for Scan and Pay Without Using Debit Card

Bharat QR codes Apps

Bharat QR code apps is the new product launched by NPCI for easy transaction of money especially for merchant payments. Bharat QR code is a common application platform for MasterCard, RuPay and Visa. Bharat QR code is very similar to existing QR code system currently in use via various online eWallet like PayTm, Freecharge, Mobikwik or NPCI BHIM apps. Only the difference ...

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Checkout New Rs 500 Notes Security Features

New Rs 500 notes

Reserve Bank of india (RBI) has introduced and launched new Rs 500 notes for public. After Demonetization of old Rs 1000 and Rs 500 notes, Government has introduced new denomination of Rs 2000 currency and Rs 500 currency. Check out the salient features of newly introduced Rs 500 notes : Bank has started distributing the new rs 500 currencies through ...

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