Home World Business News digest: Squabble in SC, IIP growth, mobile data theft, and more

News digest: Squabble in SC, IIP growth, mobile data theft, and more

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From mutiny in Supreme Court ranks to economic figures of December, BS brings you up to date with the latest news

BS Web Team  Last Updated at January 13, 2018 03:39 IST

Mutiny in SC ranks: 4 judges go to people’s court against CJI Dipak Misra Discontent simmering for some time came out in the open on Friday when four of the most senior judges of the held a press conference and assailed the functioning of the Chief Justice of India (CJI), Dipak Misra. The main allegations related to the opaque workings of the collegium, which selects judges, and flouting of conventions regarding the assigning of cases. Read more New CEO Salil Parekh starts stint with in-line Q3 numbers Technologies met Street expectations by reporting 38.3 per cent year-on-year growth in third quarter profits to Rs 51.29 billion, aided by a one-time gain from a US tax reversal.

Revenues of the Bengaluru-headquartered company at Rs 177.9 billion grew 6.5 per cent, on the back of improved staff utilisation and higher growth from digital deals, in a traditionally weak quarter ending December 31. Read more Forget Aadhaar, your phone can reveal all your private details to hackers What do you do when you buy a smartphone? Install Facebook and WhatsApp after the mandatory settings are put in place. While the next set of downloads involving third-party apps follows soon after, the catch is we rarely go through their permission policies. Read more November IIP growth jumps to 17-month high; Dec rises to 5.2% India’s industrial output and headline retail price indices registered the highest growth since July 2016 — among the last crucial set of economic data before the Union Budget 2018-19. The data released on Friday showed that the Index of Industrial Production (IIP), after slowing for two straight months, bounced back in November. Read more Asset reconstruction companies to step up bad loan purchases in Q4 Asset reconstruction companies (ARCs) are expected to step up purchases of bad loans in the fourth quarter (Q4FY18) as the recovery environment improves and commercial compulsions force banks to clean up their books. According to ARCIL, a Mumbai-based ARC, banks may put Rs 400 billion of non-performing assets (NPAs) up for sale this quarter. Read more

First Published: Sat, January 13 2018. 03:30 IST

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