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Corporate
SBI posts surprise loss of Rs 4,876 crore in June quarter as NPAs, provisions rise

The State Bank of India reported a loss of Rs 4,876 crore in the June quarter on account of lower trading income and significant mark-to-market losses due to hardening of bond yields, as well as rising provisions.

 
 
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.
The complex milk procurement model (perfected by Amul and other cooperatives such as Nandhini) had psyched most multinationals, who are used to corporate farming.
The social media giant is reportedly planning to rejig the top management's structure, entrusting whoever eventually occupies the corner office with a bigger role.
The store, set up with an investment of Rs 1,000 crore, employs 950 people (called co-workers) directly and 1500 indirectly in services.
The Competition Commission of India (CCI) cleared the acquisition of India e-commerce major Flipkart by the United States-based retail behemoth Walmart.
Bansal's decision to sell his entire stake to Walmart was reportedly the result of differences with the investors.
 
 
The FIR against the industrialist alleges that he replaced an antique peacock idol with a new one at the Sri Kapaleeswarar temple.
The Supreme Court today asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of bidding.
After Hyderabad, the next store is popping up in Mumbai and eventually in Bengaluru, Delhi, Ahmedabad, Chennai, Pune and other cities.
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