Banking, Business & Economic News

  • After PM Narendra Modi pitched for shifting to a January-December financial year, Madhya Pradesh has decided to adopt the January-December financial year format from the present April-March cycle.
    • Important Note : With this, Madhya Pradesh has become the first in the country to adopt the change.
    • With this, the next budget in Madhya Pradesh will be presented in December 2017.
  • India’s third largest IT firm Wipro has replaced its multi-coloured sunflower logo, which was introduced in 1998, with a new one.
    • The new logo comprises dots, which according to Wipro, represent the way the company “connects the dots” for its clients.
  • In just six months of launching its telecom operations, Reliance Jio has accounted for nearly 40% of India’s broadband connections, according to data by telecom regulator TRAI.
    • Reliance Jio accounted for 102.84 million users, the highest, followed by Bharti Airtel at 46.69 million broadband connections.