Fitch lowers India's economic growth projections

New Delhi
Fitch lowers India's economic growth projections

Global rating agency Fitch has lowered India's economic growth projections to 7.8% for the current fiscal from 8% earlier. Fitch, however, said it expects that India's GDP growth rate this year will surpass China's for the first time since 1999, forecasting an acceleration to 8.1% in 2016-17 before settling back to 8% in 2017-18. PTI

Chandigarh
Axis Bank launches Secure Plus debit card

Axis Bank has announced the launch of Secure Plus, an EMV chip-based debit card that offers best-in-class security by safeguarding the customer’s wallet, including Axis Bank and other bank cards. Customers can now block all the cards in his/her wallet with a single phone call. It also offers emergency assistance and covers hotel and flight expenses in case of loss of tickets and wallet. TNS

Bengaluru
Flipkart ties up with three major home retailers

Flipkart on Thursday announced a strategic partnership with three of the country's largest home retail brands — Home Town (Future group), HomeStop (Shoppers Stop) and @Home. The tie-ups will introduce a whole new range of products from these brands, adding to Flipkart's existing portfolio of 1,000 plus brands with seven lakh home products. PTI

London
BBC to cut over 1,000 jobs

The BBC said it will cut more than 1,000 jobs because it expects to receive £150 million less than forecast from the licence fee next financial year as viewers turn off televisions and watch programmes on the internet. Reuters