Post-demonetisation, ICICI Bank got Rs 32,000 crore deposits: Chanda Kochhar
Top private sector lender ICICI Bank has said it has received deposits of Rs 32,000 crore after the November 8 demonetisation move.
"If I give you rounded numbers, end of day the deposit figure is Rs 32,000 crore," ICICI Bank Managing Director and Chief Executive Chanda Kochhar told TV channels.
Reacting to reports of hardship people are facing, Kochhar asserted there is a 'lot of currency' in the country but the logistics are taking time due to which bank branches and ATMs are struggling.
India's solar power generation capacity at 8.7 GW: Piyush Goyal
Addition of 1,964.76 MW in the first seven months of the current fiscal has taken the total solar power generation capacity in the country to 8,727.62 MW, New and Renewable Energy Minister Piyush Goyal has said in written reply to Lok Sabha.
During last fiscal, 3,018.88 MW of solar power generation capacity was added.
Goyal said the World Bank has recently approved $ 625 million consisting of World Bank loan of $ 500 million, Clean Technology Fund (CTF) loan of $ 120 million and a CTF grant of $ 5 million for grid- connected rooftop solar programme.
Nearly 9 out of 10 phones shipped globally in Q3 run Android
A new report has shown that nearly 9 out of 10 phones shipped in the last quarter were running Google's Android operating system.
The report from Strategy Analytics Inc. showed that global smartphone shipments increased 6% in the third quarter, from 354.2 million in Q3 2015 to 375.4 million in Q3 2016, the highest growth rate for a year.
Much of the growth came from emerging markets in Asia and Africa that previously had low smartphone penetration rates, with India and South Africa leading the growth numbers.
Of the 375.4 million phones shipped, Android phones accounted for 328.6 million, up 10%, compared to the same quarter in 2015, while Apple only managed to ship 45.5 million units, down 5.2%.
Zee Group set to take control of Reliance Broadcast Network
Media baron Subhash Chandra's Zee Group is set to take the control of Anil Ambani-owned Reliance Broadcast Network (RBN).
RBN operates private FM brand Big FM and entertainment channels - Big Magic and Big Ganga.
Sources close to the development said the deal is expected to be announced later this week and is structured in a way that the radio business of RBN will fall under Zee Media Corporation (ZMCL), which houses the group's 10 news channels including three national and seven regional channels. Big Magic and Big Ganga, however, will be under Zee Entertainment Enterprises (ZEE).
88% employees willing to stay longer if appreciated at work: Survey
Nearly 90% of India Inc. employees say they will stick around longer if they feel appreciated for their work reveals a study by TimesJobs.
The study, which surveyed more than 1,600 employees, further reveals that 82% employees are willing to work harder if their bosses appreciate them.
"Companies should ensure this by appreciating, recognising and rewarding your employees. It is a highly effective and proven strategy for improving employee engagement and business output. Therefore, creating a formal structure for employee recognition is very important," says Nilanjan Roy, head of strategy, Times Business Solutions.