BS Reporter
BS Reporter
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CMC Q1 net declines 4% on heavy subcontracting cost
Revenues up 13.4% at Rs 672 cr, due to surge in orders from Systems
 "CMC Q1 net declines 4% on heavy subcontracting cost")
TrueCaller launches app to identify service for SMS
It has decided to launch Truemessenger exclusively in India first
 "TrueCaller launches app to identify service for SMS")
Vivo unveils 4G-enabled V1
The 5-inch smartphone boasts a 13 MP rear camera and 5 MP front camera
 "Vivo unveils 4G-enabled V1")
Under pressure, Shivraj Singh Chouhan says ready for CBI probe in Vyapam scam
Says will also appeal to the Supreme Court too if necessary
 "Under pressure, Shivraj Singh Chouhan says ready for CBI probe in Vyapam scam")
 "Govt reiterates prospect of steep penalty in black money FAQs")
Paperboat maker rasies Rs 182 crore from Catamaran, Footprint Ventures
Plans to use the funds to add third manufacturing facility in Nanjangud near Mysore
 "Paperboat maker rasies Rs 182 crore from Catamaran, Footprint Ventures")
Markets shrug off Greek drama; recover from day's low
After an initial decline, markets take cue from resilience of global counterparts
 "Markets shrug off Greek drama; recover from day's low")
EPFO proposes curb on early withdrawal of PF money
Suggests maximum of 75% be allowed for withdrawal
 "EPFO proposes curb on early withdrawal of PF money")
Housing.com hacked, flashes Rahul Yadav's name
The incident comes days after company's board of directors oust co-founder Rahul Yadav
 "Housing.com hacked, flashes Rahul Yadav's name")
MyCFO gets Rs 6.21 crore funding from Koticha
Plans to bring in senior talent, use technology to productise its existing services and expand its geographical reach
India insulated against Greek fallout but rupee might feel the pinch
The euro tumbled against the dollar on Asian markets after the setback for Europe's monetary union
 "India insulated against Greek fallout but rupee might feel the pinch")
LocalBanya partners with Vinculum to automate backend
The portal is aggressively trying to expand beyond Mumbai, Delhi, Pune, Hyderabad & Noida, where it currently operates
 "LocalBanya partners with Vinculum to automate backend")
Relief to upstream firms in Q2 as Dubai crude recovers: Moody's
Regional firms producing more oil or oil price-linked LNG will likely benefit from the recovery in Dubai crude price
 "Relief to upstream firms in Q2 as Dubai crude recovers: Moody's")
Credit quality shows continued improvement in Q1: CARE Ratings
The rating upgrades have outnumbered downgrades in FY14 and FY15, reflecting the improved credit quality prevailing in the system
Volatility in financial markets worries corporate treasurers
While this is a concern for treasurers across industry sectors, it is higher in the consumer business and the energy and resources sector
Stressed asset ratio peaked in FY15: Fitch
The worst would be over for banks as the outlook for this financial year looks better, on account of a more favourable economic environment
 "Stressed asset ratio peaked in FY15: Fitch")
Toyota recalls 7,100 Corollas to fix airbags
These cars were made between April 2007 and July 2008
 "Toyota recalls 7,100 Corollas to fix airbags")
Life insurers to see 12-15% growth on annual premium equivalent basis in FY16: ICRA
APE is calculated as annualised regular premiums plus 10% of single premiums
 "Life insurers to see 12-15% growth on annual premium equivalent basis in FY16: ICRA")
PSBs need higher capitalisation to deal with NPAs: RBI
Follow on public offer and capital infusion by government are two ways to raise capital, says RBI Deputy Governor
 "PSBs need higher capitalisation to deal with NPAs: RBI")