Newsmakers: Wipro to hire 25K, Tata Motors to rename Zica and more

Key business news events for the day

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RBI's Raghuram Rajan not looking to reduce risk-taking appetite in economyThe Reserve Bank of India's move to clean up balance sheets of commercial lenders is not aimed at reducing the risk-taking appetite of company owners, Governor Raghuram Rajan said. "We should not in any way reduce risk-taking in the economy," Rajan said in an interview to ET Now television.

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Govt to infuse about Rs 5,000 cr in PSU banksThe government will infuse about Rs 5,000 crore capital in the public sector banks in the current fiscal to strengthen balance sheet. "As committed, banks will get fund infusion in the fourth quarter. Banks will get about Rs 5,000 crore," Financial Services Secretary Ajuly Chib Duggal said on the sidelines of an event.

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TCS rated world's most powerful brand in IT services: ReportCountry's top multinational IT company Tata Consultancy Services has been rated as the world's most powerful brand in Information Technology Services by a leading global brand valuation firm, the company said. Brand Finance's 2016 annual report evaluated thousands of the world's top brands to determine which are the most powerful and the most valuable.

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Wipro to hire 25,000 in Karnataka, says Azim Premji Global software firm Wipro will hire 25,000 more techies in Karnataka, especially Bengaluru, its chairman Azim Premji said. "We will add 25,000 more IT jobs in Karnataka where we already employ over 55,000 people and are expanding each of our businesses," Premji said at the state's global investors meet (GIM) Bengaluru. The Bengaluru-headquartered Wipro group has global IT services, consumer care and lighting, aerospace and healthcare systems business with the US-based GE, among others.

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Tata Motors to rename its Zica hatchbackAutomobile firm Tata Motors has announced that it has decided to rename its soon-to-be launched hatchback Zica, the name of which was derived from "Zippy Car", but is similar to the "Zika" virus that has assumed epidemic proportions in South America. "Empathising with the hardships being caused by the recent Zika virus outbreak across many countries, Tata Motors , as a socially responsible company, has decided to re-brand the car," the company said in a statement.