A look at the headlines in this sector right now:
- Patanjali’s turnover for financial year 2016-2017 is Rs 10,561 crore, says Ramdev: The yoga guru said he would set up a school for the children of martyred soldiers in NCR soon.
- India asks UK to speed up Vijay Mallya’s extradition process: New Delhi said the prosecuting agency in India will work with the Crown Prosecution to present evidence in the court.
- Markets close on a positive note as Sensex gains 231 points, Nifty crosses 9300-mark: Bank stocks jumped after government announced a move to tackle bad loans.
- Phishing scam hits Google Docs, internet giant says under ‘0.1% of users’ were affected: The company said it had stopped the attack and disabled offending email accounts.
- Government to issue ordinance to help public sector banks deal with mounting bad loans: It will empower the Reserve Bank of India to help banks recover non-performing assets.
- Facebook launches 700 Express Wi-Fi hotspots in India, ties up with Airtel to roll out 20,000 more: This ‘low-cost, high bandwidth’ service is now available in Gujarat, Uttarakhand, Meghalaya and Rajasthan.
- HDFC’s Q4 net profit drops 22% from last year to Rs 2,044.20 crore: However, the income of the country’s largest mortgage lender jumped 9.9% to Rs 8,453.41 crore from Rs7,690.67 crore in 2016.
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