NPCI commences project to digitise MFI transactions (5 minutes ago)
Mumbai, Feb 22 (IANS) The National Payments Corporation of India (NPCI) on Wednesday said that it has started a pilot project to digitise transactions of micro finance institutions (MFIs).

Mamata publicly rebukes private hospitals for 'unethical money-making' (Roundup) (9 minutes ago)
Kolkata, Feb 22 (IANS) West Bengal Chief Minister Mamata Banerjee on Wednesday gave an unprecedented public tongue lashing to city-based private hospitals for "unethical" money-making practices and announced the formation of a regulatory commission to monitor their activities.

DESMI launches first production facility in India (15 minutes ago)
Hyderabad, Feb 22 (IANS) DESMI, a Denmark-based company specialising in the development and manufacture of pump solutions for marine & offshore industry, oil spill equipment, defence & fuel and utility segment, on Wednesday launched its first production facility in India.

AAI declares Rs 560 crore interim dividend for 2016-17 (22:20)
New Delhi, Feb 22 (IANS) State-run Airports Authority of India (AAI) on Wednesday declared an interim dividend of Rs 560 crore for the year 2016-17.

SBI ATM dispenses fake Rs 2,000 notes, culprits identified (Third Lead) (22:18)
New Delhi, Feb 22 (IANS) An SBI ATM here dispensed fake Rs 2,000 notes -- with "Children Bank of India" printed in place of Reserve Bank of India and other glaring discrepancies. Police said on Wednesday they have identified the culprits, while the SBI said it suspected the involvement of some miscreants with mischievous intent in the incident.

NPAs increased 56 per cent under Modi government: Congress (22:14)
New Delhi, Feb 22 (IANS) The Congress on Wednesday slammed the BJP-led National Democratic Alliance government for fooling the people, saying Non-Performing Assets (NPAs) have increased 56 per cent in the last 12 months between December 2015-16.

AAP government nod for Rs 200-crore loan to North civic body (22:02)
New Delhi, Feb 22 (IANS) The AAP government on Wednesday approved a loan of Rs 200 crore to the North Delhi Municipal Corporation for payment of salaries of employees.

SBI says no fake note likely from its ATMs, branches (22:02)
New Delhi, Feb 22 (IANS) The State Bank of India (SBI) on Wednesday said "no fake note is likely to be dispensed through its ATMs at any time" as it has state-of-the-art note sorting machines.

IT firms spend CSR funds on education, job skills (22:00)
New Delhi, Feb 22 (IANS) As part of Corporate Social Responsibility (CSR), Indian IT firms were spending 70 per cent of their funds on education and employable skills, said the industry's representative body Nasscom on Wednesday.

Andhra to develop Vizag as Fintech hub, signs MoU with Visa (22:00)
Mumbai/Visakhapatnam, Feb 22 (IANS) Andhra Pradesh government on Wednesday unveiled its plans to develop Visakhapatnam as Fintech hub of the country and signed MoUs with Visa and Thomson Reuters.

PM chairs meeting on timely implementation of projects (22:00)
New Delhi, Feb 22 (IANS) Prime Minister Narendra Modi on Wednesday chaired his 17th interaction through PRAGATI -- ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation -- and reviewed infrastructure projects, an official statement said.

Pakistan orders additional AW139 helicopters (22:00)
Islamabad, Feb 22 (IANS) Pakistan has ordered an unspecified number of additional AgustaWestland AW139 twin-engined helicopters, Italian aerospace and defence firm Leonardo-Finmeccanica confirmed on Wednesday.

Salary survey projects a drop in pay hikes to average 9.5% (22:00)
New Delhi, Feb 22 (IANS) With the trend of a gradual slowness in pay hikes and higher emphasis on productivity and performance, a drop in pay increases to an average of 9.5 per cent is projected in 2017 across industries, according to a survey released on Wednesday.

Fincantieri to build first cruise ships for Chinese market (21:54)
Trieste (Italy), Feb 22 (IANS/AKI) Fincantieri will build two cruise ships in China under a landmark deal it signed with the China State Shipbuilding Corporation and American-British cruise company Carnival Corporation & plc, the Italian shipbuilder announced Wednesday.

Italy taxi strike ends after unions reach deal with government (21:50)
Rome, Feb 22 (IANS/AKI) Italian taxi drivers on Wednesday called off a six-day strike after unions struck an overnight deal with the government to regulate ride-hailing service Uber and car-hire services.

Fateh Hyderabad inks JV with British sports educators PEG (21:42)
Hyderabad, Feb 22 (IANS) Professional football club Fateh Hyderabad on Wednesday announced a joint venture partnership with the Britain-based sports educators Premier Education Group (PEG) to deliver grassroots sports and performing arts education activities in India.

Install effluent treatment plants or be shut down, SC tells industries (Lead) (21:10)
New Delhi, Feb 22 (IANS) AThe Supreme Court on Wednesday directed all industrial units situated in severely polluted areas across the country to install primary effluent treatment plants (PETP) within three months, failing which they will be shut down.

Culprits behind fake Rs 2,000 notes from SBI ATM identified: Police (Second Lead) (21:10)
New Delhi, Feb 22 (IANS) The culprits behind the fake Rs 2,000 notes being dispensed from an SBI ATM here have been identified, Delhi Police said on Wednesday even as opposition slammed the Narendra Modi government for the lapse.

RBI monetary policy panel's unanimous concern on inflation (21:04)
Mumbai, Feb 22 (IANS) While the RBI's six-member monetary policy committee (MPC) was unanimous in its concern about inflation when holding rates in February, four of them backed the need to shift the central bank's policy stance to "neutral" from "accommodative", the minutes of the MPC meeting released on Wednesday showed.

Snapdeal founders to take 100% pay cut, firm commences layoffs (Lead) (21:04)
Mumbai, Feb 22 (IANS) E-commerce major Snapdeal on Wednesday reported that its founders have agreed to take a 100 per cent pay cut, even as the firm initiated a process to rationalise a part of its workforce to make the company profitable in two years.

Willing to accommodate more Indian IT professionals: EU (20:32)
New Delhi, Feb 22 (IANS) The European Union on Wednesday indicated that it would be willing to accommodate more Indian IT professionals amid concerns over the Trump administration tightening H1B visa norms.

Congress wants Centre to remove HLL Lifecare from disinvestment list (20:30)
Thiruvananthapuram, Feb 22 (IANS) The full executive of the state Congress party at its meeting here on Wednesday passed a resolution asking the Centre to remove HLL Lifecare -- a 'Mini Ratna' public-sector unit -- from the disinvestment list.

Congress supports Ola-Uber drivers' union (20:10)
New Delhi, Feb 22 (IANS) Delhi Congress on Wednesday extended its support to Ola-Uber drivers' union "Sarvodaya Drivers", saying "the party is with them in their fight for justice".

Telangana CM under flak for Tirupati offering with public money (19:40)
Hyderabad, Feb 22 (IANS) Telangana Chief Minister K. Chandrasekhar Rao's Rs.5.59 crore offering to Lord Venkateswara temple to fulfil his vow has came under flak from opposition parties, who termed it a "splurge of public money".

GDP growth in Q3 to slump below 6% from demonetisation: SBI Report (19:38)
Mumbai, Feb 22 (IANS) India's GDP growth is estimated to dip below 6 per cent in the third quarter and overall growth in 2016-17 is likely to be at 6.6 per cent due to demonetisation, though the economy would recover in long term with cash getting back into the system at a fast pace, a SBI report said on Wednesday.

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