Latest news 20 July 2016

Capital infusion won’t solve banks’ woes, say analystsThe government’s decision to recapitalise public sectorbanks is on expected lines but

not enough to prod banks to grow their book and cover the capital erosion caused by

ballooning bad debts. However, it does give a signal to the lenders that they can

continue with their book-cleaning exercise, said analysts.

Rahul Gandhi vs RSS: What does it

means for GST Bill?

Is the Congress really under pressure after the Supreme Court rapped Rahul Gandhi on

the knuckles and asked him to either apologise or face a trial for defaming the RSS?

If others are moving Titanic, we’re

moving a speedboat: Snapdeal’s Kunal

Bahl

Kunal Bahl, the 32-year-old co-founder and chief executive officer of Snapdeal,

appears relaxed in a light blue shirt and dark trousers, as he settles down for an

interview at the large conference room in the company’s Gurgaon headquarters, but he

clamps down on issues that he calls “conjecture”. Bahl’s firm has been in the middle of

some firefighting over reports on how there are efforts to downsize, as cash is depleting

and investors are not forthcoming. In conversation with Karan Choudhury & Nivedita

Mookerji, Bahl says investors regularly chase Snapdeal and that the views of pink

papers must be separated from those of consumers.

Donald Trump named Republican

Presidential nominee

Billionaire businessman Donald Trump was officially named the 2016 Republican

Presidential nominee early on Wednesday.

His son Donald Trump, Jr., cast the votes for the New York delegation that put the

billionaire businessman over the top of the 1,237 delegates he needed to clinch the

nomination, as any talk of disruptive protest votes or walkouts dissipated, CNN reported.

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