The financial market rallies on Tuesday on expectations of a RBI rate cut
Mumbai, Mar 1 (IBNS) The Indian benchmark indices, which had reacted negatively to the Union Budget 2016 on Monday and posted a decline, rallied on Tuesday based on positive global cues and on expectations of a repo rate (the rate at which the central bank lends money to commercial banks) cut by the Reserve Bank of India (RBI).
Mahindra Two Wheelers sells 9952 units during February 2016
Mumbai, Mar 1 (IBNS) Mahindra Two Wheelers Ltd. (MTWL), part of the USD 16.9 billion Mahindra Group, on Tuesday announced its sales numbers, which stood at 9952 units for February 2016.
India Yamaha Motor reports a domestic sales growth of 50% in February 2016
New Delhi, Mar 1 (IBNS): India Yamaha Motor Pvt. Ltd. revealed a growth rate of 50% in domestic sales in February 2016, as compared to the corresponding period last year.
The government is not considering any roll back in the EPF taxation: Reports
New Delhi, Mar 1 (IBNS) The finance ministry is not considering any roll back in the proposed taxation of Employee Provident Fund (EPF) withdrawal and there is lot of misinformation about the issue, according to government sources reported a television channel.
Union Budget ignores non-voting population: CRY
Kolkata, Mar 1 (IBNS): The 2016-17 Union Budget has considerably increased outlays for the social sector; yet, children remain to be at the margins of policy discussions, interface, and allocations, CRY said.
Hyundai Domestic Sales Grew by 9.1%
New Delhi, Mar 1 (IBNS) Hyundai Motor India Ltd, the country’s leading car manufacturer and the largest passenger car exporter registered the domestic sales of 40,716 units in February 2016.
Moody's: India's fiscal 2017 budget is moderately credit positive
Singapore, Mar 1 (IBNS) Moody's Investors Service says that India's fiscal 2017 budget - which was released on Feb 29- is moderately credit positive for most sectors, but efforts at deficit reduction will remain challenging, while the effects for public-sector banks are negative.
Mahindra’s Auto Sector sells 44,002 units during February 2016
Mumbai, Mar 1 (IBNS): Mahindra & Mahindra Ltd. , India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 44,002 units during February 2016 as against 38,030 units during February 2015, representing a growth of 16%.
Titan Eyeplus unveils an exciting new brand identity
Kolkata, Mar 1 (IBNS) Eyewear brand Titan Eyeplus unveiled a new brand logo that has a minimalistic and contemporary look, reflecting a youthful persona of the brand.
Jet Airways makes Amit Agarwal as Acting Chief Executive Officer
Mumbai, Mar 1 (IBNS): Jet Airways’ Chief Financial Officer, Amit Agarwal is taking on the responsibility as Acting Chief Executive Officer effective Mar 1.
Jet Airways to relocate domestic flight operations in Mumbai to terminal 2
Mumbai, Mar 1 (IBNS): Jet Airways, India’s premier international airline, will relocate its domestic operations to the state-of-the-art Terminal 2 (T2) at Mumbai’s Chhatrapati Shivaji International Airport (CSIA) in Sahar on Mar 15.
Dissatisfaction over EPF tax may compel government to consider the decision
New Delhi, Mar 1 (IBNS) The central government is likely to consider a partial rollback of the Employee Provident Fund (EPF) tax on fund withdrawals proposed in the Union Budget 2016 by finance minister Arun Jaitley on Monday following wide-spread dissatisfaction expressed by the salaried employees, according to media reports.
Global Crude oil price of Indian Basket was US$ 31.86 per bbl on Monday
New Delhi, Mar 1, (IBNS) The international crude oil price of Indian Basket as published on Tuesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 31.86 per barrel (bbl) on Monday. This was lower than the price of US$ 32.53 per bbl on published on Friday.
WhatsApp to discontinue services for several Nokia, Blackberry phones
Mountain View, California, Mar 1 (IBNS) Text messaging service WhatsApp in their latest blog said that the company is about to discontinue their services for several Nokia and Blackberry phones.
Govt has made affordable housing national agenda: MB Infrabuild
New Delhi, Feb 29 (IBNS): Simarjit Bhogal, Snr Consultant, MB Infrabuild Pvt Ltd, on Monday said Arun Jaitley's Union Budget has made affordable housing a national agenda with a mandate of 22 million homes by 2022.