Business/Economy
Digital skills to decide pay hikes at Infosys - Ayan Pramanik, Economic Times
Infosys has kicked off a talent plan that offers incentives and wage hikes to more than 25,000 midlevel executives — slightly more than a tenth of its workforce — who gain skills in newer digital areas, as the software exporter looks to harness their domain expertise in legacy businesses to quicken growth in digital.
Where has all the money gone from the system? - Monika Halan, Mint
What’s happened to the Indian economy? From an aspiring 10% growth, we are struggling to do half of that. The mood is down. Consumers are not buying. Household savings are at a low. Corporates are not investing. Gold prices have fallen. Real estate is still comatose. Just the stock market has the steam to keep rising higher.
Is SBI really buying Yes Bank? India’s largest PSU bank clarifies stand - Financial Express
Even as rumours of India’s largest lender SBI being asked to take over loss-making private sector lender YES Bank continue to abound, Prashant Kumar, CFO of SBI has denied such reports. “There is no truth in reports that SBI will be asked to take over YES Bank or any other weak private sector bank,” Prashant Kumar said in an interview to CNBC TV18.
Ahead of fund raising plan, Moody's shocker for Yes Bank - Money Control
Global ratings agency Moody's on December 5 downgraded the ratings on private sector lender Yes Bank with a negative outlook citing asset quality concerns and the shrinking capital buffers.
As Yes Bank revels its Secret Santa, investors want to wait for the gift - Aparna Iyer, Mint
After eight months of keeping investors engrossed in a guess-the-Secret-Santa game, Yes Bank has finally revealed that it has not one but eight of them. These eight investors are willing to put in a cumulative $2 billion into the bank which will give it the critical firepower to meet regulatory requirements on capital, mend its balance sheet further and also have something left for growth.
Your voice call rates may soon rise 67%; data to get 20% dearer - Manu Kaushik, Business Today
It seems the days of cheap data and free calls are over. The recent back-to-back tariff hike announcements by three private operators - Vodafone Idea, Bharti Airtel and Reliance Jio - have come at a time when the sector is going through its worst phase. Beginning December, incumbent telcos Vodafone Idea and Airtel will increase tariffs, while Jio could be raising its mobile charges over the next few weeks.
Inside the battle to save India’s telcos - Mobis Philipose, Mint
For years, the telecom industry helped successive governments line up their coffers. Now, things have come full circle, with the Prime Minister Narendra Modi-led government working on a relief package for the industry.
What if Reliance Jio's wish to see Vodafone-Idea, Airtel fall comes true? - Manu Kaushik, Business Today
The diatribe of the Mukesh Ambani-controlled Reliance Jio against its competitors Bharti Airtel and Vodafone Idea is growing louder. Jio, the most recent entrant in the sector, has asked the government that it does not have an option of going against the Supreme Court judgement and provide any relief sought by incumbents.
Why is Sensex rallying despite poor health of the economy? - Amit Mudgill, Economic Times
Equity benchmark Sensex has been hitting fresh record highs on a daily basis even as high-frequency macro-economic data continued to show acute pain in the economy. Sensex rallied for the seventh straight sessions to Monday but closed a notch lower on Tuesday. On Wednesday, it hit a new peak at 40,469, and added another 50 points in Thursday’s morning trade to top the 40,500 mark.
This is how India ruined its mobile phone companies - PR Sanjai and Ragini Saxena, The Print
When Arun Sarin, Vodafone Group Plc’s India-born former CEO, was charting the British telecommunications firm’s expansion into emerging markets in the mid-2000s, his home country with more than a billion potential phone users seemed a compelling choice.
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