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Rising NPAs in education loan add to banks stress

Education loans too have started bleeding the banking sector with the default in repayment rising to 7.67 per cent of the outstanding amount at March- end, 2017 from 5.7 per cent two years ago. As per the data compiled by the Indian Banks Association (IBA), the total outstanding education loan at end of the fiscal 2016-17 was Rs 67,678.5 crore, of which Rs 5,191.72 crore was NPA. The government is already struggling to deal with the problem of mounting NPA in the public sector banks and has drawn a mega…

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Apple CEO Tim Cook Gets $102 Million Payout in 2017 After Earnings Rebound, Must Fly by Private Aircraft

HIGHLIGHTS Cook’s incentive pay totalled $9.33 million The Apple CEO was paid $3.06 million in salary He also received an equity award of $89.2 million Apple CEO Tim Cook will now fly on private aircraft even for personal travel for “security and safety reasons”, a regulatory filing with the SEC reveals. Separately, his received a massive increase in his annual bonus, thanks to earnings rebound for the company. According to a new shareholder proxy statement from Apple, the board of directors has approved that Cook must fly on private aircraft whenever he travels,…

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Soon, travel from Chennai Central to airport in 45 minutes

The Chennai Metro Rail’s second line from Little Mount to Chennai airport and St. Thomas Mount station.   | Photo Credit: M. Vedhan Ticket fare likely to be increased when operations begin on stretches from Chennai Central and AG-DMS to the airport  In just a few months, commuters can travel from the Chennai Central and AG-DMS (Gemini) to the airport much quicker when services of the Metro Rail services are launched from the two locations. Commuters will be able to cover the distance of about 25 km from the Central station…

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Check for Update Button on Pixel, Nexus Devices to Finally Work in 2018

HIGHLIGHTS Internal testing is underway, public release to happen in 2018 Latest version of Google Play Services required to get instant updates Feature not exclusive to Android Oreo The Check for update button on Pixel and Nexus devices has in recent times become a redundant feature, which ends up annoying users who love to press it despite knowing that it doesn’t really work. All that is set to change, for good, in 2018 when Google issues an update that puts the button to good use. Back in September, Googler Elliott Hughes had posted on Google+ that the Check…

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Oppo Given Green Clearance to Set Up Manufacturing Unit in Noida

Chinese smartphone maker Oppo has been given green clearance to set up a mobile manufacturing unit in Greater Noida at a cost of Rs. 2,200 crores, a senior government official said. The Union Environment Ministry has granted the environment clearance to its Indian subsidiary Oppo Mobiles India Pvt Ltd for the proposed project. “The clearance has been given to the Oppo’s project after taking into account the views of an expert green panel. It is subject to compliance of certain conditions,” the government official said. The environment clearance certificate has already been…

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Want to buy a house? Here’s how much to invest in SIPs to achieve your goal

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. Financial goals are an integral part of investing money into various schemes. Setting aside a life or financial goal can often be motivational for higher investments. A call to Zee Business mutual fund helpline came from a 28 year old investor who has started an SIP in six funds. His dream is to buy a house after a period of seven year and will continue with his investments after that. For that he said he wanted a…

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