Vodafone, Idea begin merger talks
Mumbai, Jan 30 (IBNS): In a major move in the telecom sector, Britain's Vodafone Group on Monday announced that it is in discussions to merge its Indian unit with Idea Cellular Ltd.
Global report highlights Tata Group's efforts towards eradication of poverty
New Delhi, Jan 30 IBNS): The global assurance company DNV GL, in association with the Tata group, on Monday launched its Future of Spaceship Earth report on The United Nations' 17 Sustainable Development Goals (SDGs).
India Post Payments Bank will be a game changer for financial inclusion: Manoj Sinha
New Delhi, Jan 30 (IBNS): Union Finance Minister Arun Jaitley and Minister of Communications Manoj Sinha launched the operations of the India Post Payments Bank (IPPB) here on Monday as two pilot branches at Raipur and Ranchi through video conferencing from Delhi.
RBI removes ATM cash withdrawal limt from Feb 1
New Delhi, Jan 30 (IBNS): Giving relief to people across the nation, the Reserve Bank of India on Monday announced its decision that limits placed on cash withdrawals from ATMs stand withdrawn from Wednesday.
Vodafone confirms merger talks with Idea
New Delhi, Jan 30 (IBNS): Telecom giant Vodafone on Monday confirmed that it is in discussions to merge its Indian unit with Idea Cellular Ltd.
Harley Davidson launches maiden merchandise showroom at Mumbai Airport
Mumbai, Jan 30 (IBNS): In line with its endeavor to offer an array of renowned global brands to travelers transiting through the city, Mumbai International Airport announced the launch of Harley Davidson’s first merchandise-only showroom, Mach-1, at the iconic T2.
Etihad Airways wins Islamic Deal of the Year Award for Sukuk
Kuwait, Jan 30 (IBNS): The Abu Dhabi-based national airline of the United Arab Emirates successfully completed a Sukuk issuance raising US$1.5 billion in November 2016 – the largest ever in the aviation industry in the Middle East and North Africa region (MENA).
Canada: General Motor in Ontario plans to lay off 625 workers
Toronto, Jan. 29 (IBNS): General Motors Co. has planned to lay off up to 625 workers at a southwestern Ontario plant as production for its older Chevrolet Equinox sport-utility vehicle is being shut and production of a new SUV model is being moved to Mexico.
Maruti Suzuki announces price increase
Mumbai, Jan 28 (IBNS): Car manufacturer Maruti Suzuki India Limited on Saturday announced a price increase ranging from Rs 1,500 to Rs 8,014 (Ex-Showroom - Delhi) across models.
L&T registers 1.4 pct rise in Consolidated Gross Revenue
Mumbai, Jan 28 (IBNS): Larsen & Toubro recorded Consolidated Gross Revenue of Rs. 26287 crore for the quarter ended December 31, 2016, registering an increase of 1.4% on a y-o-y basis.
New Delhi, Jan 28 (IBNS): Apex industry body ASSOCHAM has urged the Union Government to reduce customs duty on chilled and frozen sea food from present level of 30 per cent to 10 per cent to bring down food inflation and satiate high demand for sea food in India.
Volvo S90 and V90 achieve top AEB Pedestrian safety ratings from Euro NCAP
Kolkata, Jan 27 (IBNS): Volvo Cars, the premium car maker, has cemented its position amongst the leaders of automotive safety innovation with its new S90 sedan and V90 wagon by being the first car maker to score a full six points in the Autonomous Emergency Braking for Pedestrians (AEB Pedestrian) test procedure and an overall 5 Star rating for both cars.
GAIL Board approves issuance of bonus shares
New Delhi, Jan 27 (IBNS): GAIL (India) Limited on Friday said it has recommended issuance of one bonus share for every three equity shares held of Rs 10 each fully paid up, subject to shareholders approval.
L&T construction wins orders valued Rs. 1286 Crore
Mumbai, Jan 27 (IBNS): The construction arm of L&T has won orders worth ₹ 1286 crores across its various business segments.
ICICI Bank organised coin exchange mela in Goa
Panjim, Jan 27 (IBNS): ICICI Bank, India's largest private sector bank by consolidated assets, on Friday organised a coin exchange mela in Goa, last week.