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Community Bank, among the newest scheduled banks in Bangladesh, and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking Solution at the bank, in just 48 days. With the new banking platform, Community Bank is well placed to provide a truly digital banking experience to its retail and corporate customers. Among multiple benefits, the modern platform enables the bank to launch new products within a fraction of time, offer a differentiated customer experience and empower the bank to grow rapidly. Highlights: The bank is now enabled for massive…

The Mining industry has the potential to contribute 6-7% to National GDP but due to various reasons, the contribution has remained limited to two percent. The recent amendment in the MMDR Act has brought in reforms and transparency in the mining industry in India.  However, for a sustained high growth trajectory, acceleration in the approval processes, creation of conducive fiscal regime, enabling policy framework for promoting exploration and providing proper focus on the mining technology aspects are needed. While there has been private sector participation in mining, the government through its various public-sector companies continues to be the largest participant…

 Committed to providing sustainable transport solutions, Tata Motors, India’s largest commercial vehicle manufacturer,completes delivery ofthe country’s first Liquefied Natural Gas (LNG)-powered bus order. Two units of 36-seater Starbus LNG ACmodels were delivered to LNG Petronet Limited in Dahej, Gujarat and two units in Kochi, Kerala. Tata Motors indigenously developed and delivered the LNG buses in the stipulated timeframe. The conclusion of the order and country’s first LNG bus project was celebrated withan event held recentlyat the Kochi LNG terminal. The occasion was graced by Hon’ble Minister of Transport, Govt. of Kerala, Shri A K Saseendranalong with eminent dignitaries from Tata Motors and Petronet…

Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.Mr Ambani, 62, maintained a place in the top 10 for the second time after a $13 billion or 24 per cent surge in his wealth to $67 billion."The only Asian in the Top 10, Mr Ambani's wealth increased mainly on the back of a good performance in his telecom business," the Hurun Rich List said.

Domestic stock markets slumped more than 3 per cent on Friday continuing their downward spiral for the sixth session in a row, as fears the coronavirus outbreak may trigger recession across major economies spooked their global peers. Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, compelling countries to stockpile medical equipment and investors to take flight in expectation of a global recession. The S&P BSE Sensex ended at 38,297.29, lower by 1448.37 points - or 3.64 per cent - from its previous close, and the Nifty shut shop down 431.55…

Finance Minister Nirmala Sitharaman on Friday termed the 4.7 per cent GDP growth of Q3 as "steadiness" in the economy and a good sign, soon after the official figures for the December quarter were released.She also made it clear that she was not expecting a jump in the number, nor a decline.The Finance Minister was speaking at an award function of a private TV channel.