BS Reporter
BS Reporter
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IT industry keen on smart cities but remain cautious: Nasscom
Estimates that there might be business opportunity to the tune of $30-40 billion
 "IT industry keen on smart cities but remain cautious: Nasscom")
India to sign a fresh agreement with China to boost tourism
India had signed a MoU on tourism cooperation with China in 2002 which expired in 2012.
 "India to sign a fresh agreement with China to boost tourism")
Bank credit up 10.5%
According to the Reserve Bank of India, deposits at the end of May 1 grew 12.31% from the year-ago period
 "Bank credit up 10.5%")
Most productive Budget session in a decade, says Venkaiah Naidu
The Budget session of Parliament, which concluded on Wednesday, was the busiest session of the past decade in terms of business transacted
 "Most productive Budget session in a decade, says Venkaiah Naidu")
Wheat output might be lowest in four years
Output should be down for most crops, says government's third advance estimate, from last year's deficient monsoon and this year's unseasonal rain and hail
 "Wheat output might be lowest in four years")
RJio raises $750 mn for 4G infrastructure rollout
The loan is backed by Korea Trade Insurance Corporation and is guaranteed by RIL
 "RJio raises $750 mn for 4G infrastructure rollout")
Banks enrol 63 mn people under Jan Suraksha schemes
Among banks, SBI has highest enrolments at 16.8 million
 "Banks enrol 63 mn people under Jan Suraksha schemes")
 "Hindalco drops 3% on Novelis results")
Govt to allow children to work in family firms, film industry
Cabinet approves amendments to put a ban on employment of children below 14 years
 "Govt to allow children to work in family firms, film industry")
Bill on benami property in LS
Referred to standing panel; provides for up to 7 years in jail, penalty of 25% of fair mkt value; gold & financial instruments also covered
 "Bill on benami property in LS")
Adani Enterprises Q4 net down 74%; FY15 net down 12%
Total income has however jumped 17% compared annually
 "Adani Enterprises Q4 net down 74%; FY15 net down 12%")
Over 40 apply for five posts of MD & CEOs in five PSBs
The government, after failing to get satisfactory response from private sector, relaxed the rules for the recruitment process
New Priority sector lending rules to hit securitization in FY16: ICRA
Certain loan categories such as medium enterprises, social infrastructure and renewable energy, qualify as PSL, according to the new rules
 "New Priority sector lending rules to hit securitization in FY16: ICRA")
 "TCS among top US 500 brands: Brand Finance")
Samsung gears up to create ecosystem for its new Tizen OS
The course will offer theory and lab-based training in the digital academies, on the Tizen platform, app development process, testing and de-bugging
 "Samsung gears up to create ecosystem for its new Tizen OS")
Auto sector job churn on
'Lucrative offers, with better growth prospects from rival firms & emergence of e-commerce trigger it'
 "Auto sector job churn on")
Cong's Parmar wins polls at Amul Dairy
Ramsinh Parmar re-elected as chairman of Kaira District Cooperative Milk Producers' Union (Amul Dairy)
 "Cong's Parmar wins polls at Amul Dairy")