`8,000

CRORE

is the estimated net loss for state power distribution companies for 2016/17, says an India Ratings and Research report. Cumulative losses for discoms as of 2014/15 stood at `58,275 crore.

BREXIT EFFECT

Infosys faced its first Brexit challenge with the loss of a five-year £300-million Royal Bank of Scotland deal, which will set the Indian IT major back by an estimated $40 million. The RBS recently called off its plans to set up a separate bank in the UK.