Indian banks aim to boost credit growth with sharp rate cuts

Indian banks, led by market leader State Bank of India, announced sharp cuts to their lending rates after a recent surge in deposits, raising hopes that lower borrowing costs will help spark credit growth in Asia's third-largest economy. SBI, the country's biggest lender by assets, said on Sunday it had cut its so-called marginal cost of funds-based lending rates (MCLR)…

Solar Power, Green Corridor Blip On Energy Radar For 2017

NEW DELHI: Green seems to be the catchword for the government heading into the next year as it gears up to achieve 175 gigawatt of clean energy by 2022 through auction of 1,000 MW of rooftop solar power, Rs. 13,000 crore investment in solar parks and a Rs. 21,000-crore package to boost local manufacturing of panels. By all yardsticks, 2016…

The rise of the robots?

"Your bones will turn to sand. And upon that sand a new God will walk." Dolores in the latest sci-fi TV blockbuster, Westworld. It may not quite be that bad. But a wall won't keep them out, a new work permit scheme won't stop their freedom of movement. The rise of the robots could be next year's big story. Ever…

Trump will get wake-up call when he takes office, Obama says

WASHINGTON (Reuters) - President-elect Donald Trump is in for a quick wake-up call and will have to adjust his temperament when he confronts the realities of his new job on Jan. 20, President Barack Obama said on Monday. In a news conference at the White House, Obama said the freewheeling Trump could not be as outspoken as he was during…

Wells Fargo shareholders await word from Buffett as November nears

Wells Fargo & Co's effort to recover from one of the worst scandals in its nearly 200-year history will face a major test next week, when Warren Buffett is expected to weigh in. Buffett, who chairs Wells Fargo's largest shareholder, Berkshire Hathaway Inc, had said he would wait until November to comment on the issue of the bank having created…

Major banks mark first-ever international trade using Blockchain Tech

The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States. Australian cotton trader Brighann Cotton Marketing bought the shipment bound for the port city Qingdao from U.S. division Brighann Cotton in Texas, the…

Follow Your Entrepreneurship Path But Don’t Do It Alone

Let’s let go of the idea of the lone wolf, once and for all. We have this idea of the entrepreneur as a solo figure -- an ambitious, solitary adventurer willing to stand apart from the crowd and risk it all on the strength of a really great idea. That description does have some truth to it. Entrepreneurs do tend…

5 Ways to Turn a Crazy Idea Into an Awesome Reality

Megan Miller wants to know: Why aren’t you eating bugs yet? That’s because Megan is the co-founder and CEO of Bitty Foods, an innovative artisanal snack brand that makes delicious cookies and snack chips from their signature cricket-based protein flour. Megan, a digital-strategist-turned-food-pioneer, knows this might sound a little insane. Despite the fact that insects are eaten all over the…

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