Upfront

Rs 16,272.34 crore

the combined net loss of 20 public sector banks for the fourth quarter ended March 2016, as the bad loans situation worsened. Punjab National Bank led the way with Rs 5,367.14 crore, followed by Bank of India at Rs 3,587 crore and Bank of Baroda with Rs 3,230 crore. Allahabad Bank reported a net loss of Rs 581.13 crore.

High-Flying Pledge

After scripting one of the most remarkable turnaround stories of recent times, Ajay Singh, Chairman and Managing Director of SpiceJet, may finally start taking a salary - for the first time since he took charge of the ailing budget carrier in January 2015. Singh had promised not to take remuneration till the time the Gurgaon-based company was profitable for a full fiscal year.

Horlicks Hijacked

After launching noodles and personal care brands, and taking on giants like Nestle, Colgate, Palmolive and HUL, Patanjali now plans its own version of GlaxoSmithKline's Horlicks. The Patanjali product, though, is 5 per cent more expensive than Horlicks.

Desi Babu Angrezi Mind

In a fresh salvo at Raghuram Rajan, BJP MP Subramanian Swamy alleged that RBI Governor was "mentally not fully Indian" and has "wilfully" wrecked the economy. Swamy's barb came under severe criticism and a petition by Change.org supporting Rajan for a second term in office got 45,646 online signatures.

Flip-flop

India's largest e-commerce company Flipkart.com has deferred the joining date for IIM grads by six months after making job offers. The company has been struggling to raise fresh funds and, therefore, is looking to cut costs. Flipkart reduced hiring to a trickle in recent times.