Mutual Funds eye INR 100 Trillion AUM opportunity, 10 crore investors
Aug 27, 2019, at 05:11 pm
Mumbai, Aug 27 (IBNS): The Indian Mutual Funds industry is eyeing four-fold rise in Assets Under Management (AUMs) to INR 100 Trillion (INR 100 lakh crore from existing INR 25 Lakh crore), and a five-fold rise in investor base to 100 million (from existing 20 million) over the next decade, according to the AMFI-BCG Vision Document, aspiring to achieve huge geographic penetration in B30 cities, where nearly 90% of Indian households reside.
Radisson Hotel Group to lead foray of Spanish cuisine in India
Aug 27, 2019, at 05:00 pm
New Delhi, Aug 27 (IBNS): Radisson Hotel Group has signed an exclusive Master Franchise Agreement (MFA) with Tapas Club, a popular Singapore-based food and drink (F&D) brand, to roll out a series of stylish Spanish restaurants across its extensive portfolio of hotels in India.
The Walmart Foundation announces two new grants to benefit over 81,000 smallholder farmers in India
Aug 27, 2019, at 04:57 pm
Kolkata/New Delhi, Aug 27 (IBNS): Deepening its commitment to improving farmer livelihoods in India, the Walmart Foundation on Tuesday announced $4.8 million (approximately Rs. 34 crores) in grants to Digital Green and TechnoServe to enable programs that help smallholder farmers have access to agriculture technology, training on sustainable farmer methods, enhanced access to formal markets, and skill and capacity building for farmer producer organizations (FPOs).
Nissan’s ProPILOT golf ball turns every driver into a pro
Aug 27, 2019, at 04:54 pm
Yokohama, Japan , Aug 27 (IBNS) Automobile giant Nissan has taken the dreaded “putting nerves” out of golf with its latest innovative concept, the ProPILOT golf ball.
Indian Market: Sensex rises by 147.15 pts
Aug 27, 2019, at 04:31 pm
Mumbai, Aug 27 (UNI) The BSE Sensex on Tuesday increased by 147.15 points to 37,641.27 on easing fiscal deficit worries after RBI decided to transfer Rs 1.76 lakh crore to government.
Australian Trade delegation visits IVI Chennai vision screening project
Aug 27, 2019, at 03:11 pm
New Delhi, Aug 27 (IBNS): Blacktown City Mayor Stephen Bali MP is leading a trade delegation to India and visited the India Vision Institute project at Chennai Higher Secondary School, Maduvinkarai in Guindy on Tuesday.
Reserve Bank of India to transfer Rs. 1,76,051 crore to government
Aug 27, 2019, at 09:01 am
New Delhi, Aug 27 (IBNS): The Reserve Bank of India on Monday announced it has accepted the recommendations of Bimal Jalan Committee following which it approved surplus transfer to the Centre.
Ola can now be booked directly from the Kotak Mobile Banking App
Aug 26, 2019, at 06:00 pm
Kolkata, Aug 26 (IBNS): Kotak Mahindra Bank (Kotak) and Ola - a ride-hailing platforms, on Monday announced a first-of-its-kind partnership that will enable Kotak customers to directly book Ola cabs and autos across 150 cities in India from within the Kotak mobile banking app.
Indian Rupee lost by 36 paise against USD
Aug 26, 2019, at 05:52 pm
Mumbai, Aug 26 (UNI) The Rupee on Monday tumbled down by 36 paise to settle at 72.02 against the greenback on rising demand for US Dollars by bankers and importers, the dealers at the Forex Market said.
Indian Market: Sensex up by 792.96 pts
Aug 26, 2019, at 05:12 pm
Mumbai, Aug 26 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday posted a huge gain of 792.96 points to 37,494.12 following gains in Realty, Bankex and Power stocks.
Indian market: Sensex surges by 544.99 pts
Aug 26, 2019, at 03:55 pm
Mumbai, Aug 26 (UNI) The BSE Sensex on Monday spurted by 544.99 points to 37,246.15 till noon following the rollback of an additional levy on foreign funds and measures announced by the government to boost economic growth, Finance Minister Nirmala Sitharaman said.
Twenty-two tax officials sacked over corruption charges
Aug 26, 2019, at 02:06 pm
New Delhi: In a major crackdown against wrongdoings, the Central Board of Indirect Taxes and Customs (CBIC) has compulsorily retired 22 tax officials over corruptions charges, media reports said.
Rupee falls further by 0.82%, touches lowest point in a year
Aug 26, 2019, at 01:54 pm
Mumbai: The Indian rupee fell further on Monday touching the lowest point in a year, media reports said.
Being an entrepreneur is all about hard work and the spirit to battle out odds: Dozee CEO
Aug 25, 2019, at 11:47 pm
Bangalore, Aug 25 (IBNS): On the occasion of World Entrepreneurs Day recently, Mudit and Gaurav, Founders of Bangalore based health tech start-up Dozee shared the challenges as an entrepreneur and why it’s worth all the efforts.
FIEO to host its 5th and 6th set of Eastern Region export excellence award in Bengal
Aug 25, 2019, at 02:06 pm
Kolkata, Aug 25 (IBNS): FIEO (Federation of Indian Export Organisation) sees the strong flow of exports in Eastern India especially in the Iron and Steel sector and hence will host its 5th and 6th set of Eastern Region export excellence award in West Bengal.
Euro A Zipper forays into India, ties up with Kolkata-based Bagaria Trading Ltd
Aug 24, 2019, at 05:38 pm
Kolkata, Aug 24 (BNS): Euro A Zipper, one of the leading international zippers brands today entered into an agreement with Kolkata-based Bagaria Trading Ltd. With this agreement, the zipper company forays into the rapidly-growing Indian market with an intent to seize a sizeable chunk of the leather and leather apparel segment that accounts for 12% to 13% of world’s leather production.
Indian Chamber of Commerce mourns death of Arun Jaitley
Aug 24, 2019, at 04:03 pm
New Delhi, Aug 24 (IBNS): The Indian Chamber of Commerce (ICC) on Saturday condoled the demise of former Union Finance Minister Arun Jaitley.
Assocham welcomes FM Sitharaman's steps to revive growth
Aug 23, 2019, at 09:23 pm
New Delhi, Aug 23 (UNI) India Inc on Friday thanked Finance Minister Nirmala Sitharaman for unveiling a slew of measures to revive economic growth and alleviate problems faced by specific sectors.
ICC president lauds unprecedented response by Union Finance Minister Nirmala Sitharaman
Aug 23, 2019, at 09:21 pm
Kolkata, Aug 23 (UNI) Indian Chamber of Commerce has lauded the Centre for a very comprehensive and extraordinary package, announced today by the Union Finance Minister Nirmala Sitharaman, to address issues leading to economic slowdown.
Aug 23, 2019, at 07:43 pm
New Delhi, Aug 23 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday announced that BSIV vehicles bought before Mar 31, 2020 will remain operational for their full period of registration.
ED raids Jet Airways founder Naresh Goel premises in Delhi, Mumbai
Aug 23, 2019, at 07:06 pm
New Delhi, Aug 23 (UNI): Enforcement Directorate (ED) on Friday conducted raids at the premises of Jet Airways founder Naresh Goel in Delhi and Mumbai for alleged violation of the Foreign Exchange Management Act (FEMA) Act, a probe agency official said here.
India's GDP growth continues to be high above US, China: Nirmala Sitharaman
Aug 23, 2019, at 06:59 pm
New Delhi, Aug 23 (UNI): Highlighting the measures to boost economic growth, Union Finance Minister Nirmala Sitharaman said on Friday that India is maintaining the reform momentum and GDP growth continues high above other countries, including the US and China.
More than 2,200 Indian companies join Dubai Chamber in H1-2019
Aug 23, 2019, at 06:45 pm
New Delhi, Aug 23 (IBNS):A total of 2,208 Indian companies joined Dubai Chamber of Commerce and Industry as new members in the first six months of 2019, marking a 18% increase compared to the same period last year, the non-profit public organisation has revealed.
H&M launched on e-commerce platform Myntra
Aug 23, 2019, at 06:04 pm
Kolkata, Aug 23 (UNI) Hennes & Mauritz AB (H&M), the international fashion brand, has been launched on Indian e-commerce platform Myntra.
Our government kept reform as top agenda since 2014: Nirmala Sitharaman
Aug 23, 2019, at 06:00 pm
New Delhi, Aug 23 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday said the focus of her government since 2014 has been to keep 'reform' as a top agenda.
Bandhan Bank launches credit cards, in partnership with Standard Chartered Bank
Aug 23, 2019, at 05:40 pm
Kolkata, Aug 23 (IBNS): Bandhan Bank on Friday announced its foray into the credit cards segment, in partnership with Standard Chartered Bank.
Kia Motors launches Seltos in Kolkata, price starts at Rs. 9.69 lakhs
Aug 23, 2019, at 05:08 pm
Kolkata, Aug 23 (IBNS): With the festive season ahead, South Korean auto major Kia Motors launched the first made in India mid-SUV, Kia Seltos, in Kolkata on Friday.
Believe that slowdown in the automobile sector in India is temporary: Kia Motors official
Aug 23, 2019, at 04:14 pm
Kolkata, Aug 23 (IBNS): A senior official of South Korean auto major Kia Motors on Friday said he feels that the current slowdown in the automobile sector in India is a temporary phase and a revival from the current situation will take place soon.
Aug 23, 2019, at 02:00 pm
Kolhapur, Aug 23 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Friday to Rs 3280/3300 and Rs 3180/3200 per quintal respectively.
Rupee opens higher by 11 paise against USD
Aug 23, 2019, at 01:57 pm
Mumbai, Aug 23 (UNI) The Rupee on Friday rose by 11 paise to 71.70 in early trade on fresh selling of US Dollars by bankers and exporters, dealers at the Forex Market said.