Indian benchmark indices end lower on Wednesday
Mumbai, Aug 2 (IBNS): The Indian market ended lower on Wednesday, the day the Reserve Bank of India (RBI's) Monetary Policy Committee (MPC) held its third Bi-Monthly Meeting in Mumbai.
Excerpts from Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of RBI MPC
Mumbai, Aug 2 (IBNS): The Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India was published after the MPC held its third review meeting on Wednesday in Mumbai.
Central govt welcomes repo rate cut by MPC says DEA Secretary Subhash Chandra Garg
New Delhi, Aug 2 (IBNS): The Central government has welcomed the 25 basis points cut in the repo rate announced on Wednesday by the Monetary Policy Committee (MPC), said Secretary, Department of Economic Affairs (DEA), Subhash Chandra Garg.
Hyundai super performer brands cross 1.3 million milestone mark
New Delhi, Aug 2 (IBNS): Hyundai Motor India Limited (HMIL), the country’s second-largest car manufacturer and leading exporter, on Wednesday said it has achieved yet another milestone for its most awarded and admired brands crossing 1.3 Million Sales Volume.
Devendra Chawla to join Walmart India as EVP & Chief Operating Officer
Kolkata, Aug 2 (IBNS): Walmart India, wholly owned subsidiary of Walmart Stores Inc., on Wednesday said it has appointed Devendra Chawla as EVP & Chief Operating Officer.
Panasonic plans Rs. 225 crore business during Onam in FY17
Kolkata, Aug 2 (IBNS): Focusing on the varied demand in Kerala during festive season of Onam, Panasonic India Pvt. Ltd on Wednesday announced its business plans in the market.
L&T to build Light Rail System in Mauritius
Mumbai, Aug 2 (IBNS): Larsen & Toubro on Wednesday announced the bagging of a Rs. 3,375-crore major breakthrough order from Metro Express Limited which is owned by the Government of Mauritius to design and build an Integrated Light Rail-based Urban Transit System in the African island nation.
RBI Monetary Policy Committee cuts repo rate by 25 basis points to six per cent
Mumbai, Aug 2 (IBNS): The Reserve Bank of India (RBI) Monetary Policy Committee cut the repo rate by 25 basis points to six per cent on Wednesday at its third bimonthly policy review, according to media reports.
Tata Steel completes sale of its Hartlepool SAW pipe mills
Mumbai/ Kolkata, Aug 1 (IBNS): Tata Steel UK on Tuesday announced it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.
Samsung Pay now becomes available for SBI Debit Cards
Mumbai, Aug 1 (IBNS): State Bank of India and Samsung India on Tuesday announced the availability of Samsung Pay for higher variants of SBI Debit Card.
Tata Power awarded for excellence in cost management
Mumbai/ Kolkata, Aug 1 (IBNS): Tata Power, an integrated power company, on Tuesday announced that the company has been awarded for excellence in cost management in the ‘power distribution and transmission’ category at the 14th National Awards for Excellence in Cost Management 2016.
A. J. Kurian takes charge of CVO, SAIL
New Delhi, Aug 1 (IBNS): A.J. Kurian, joined as Chief Vigilance Officer of Steel Authority of India Ltd. (SAIL) on Tuesday, officials said.
Tata Steel completes the sale of its Hartlepool SAW pipe mills
Mumbai/ Kolkata, Aug 1 (IBNS): Tata Steel UK on Tuesday announced it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.
Hero MotoCorp Ltd sells 623,269 units in July
New Delhi, Aug 1 (IBNS): Carrying forward the momentum of its highest-ever quarterly sales in the first three months (April-June) of FY ‘18, Hero MotoCorp Ltd on Tuesday said it commenced the second quarter of the fiscal with a robust six-lakh plus sales for the month of July, despite sluggish sales for the first few days of the month due to the transition to GST.
Indian market closes strong on Tuesday, RBI Monetary Policy Committee to meet on Wednesday
Mumbai, Aug 1 (IBNS): The Indian market closed strong on Tuesday with the BSE Sensex up 60.23 points at 32,575.17 and the NSE Nifty up 37.55 points to end at a record 10,114.65.