Auto industry downturn is worrisome: SIAM
Sep 02, 2019, at 03:55 pm
New Delhi, Sept 2 (IBNS): Apex industry body Society of Indian Automobile Manufacturer's (SIAM) President Rajan Wadhera on Monday said the sales report coming out from various companies for the month of August 2019 has been very dismal with over 30 percent erosion of sales for Passenger Vehicles.
GST collection in August up by 4.51 percent at Rs. 98,202 crore
Sep 02, 2019, at 08:39 am
New Delhi, Sept 2 (IBNS): The gross goods and services tax (GST) collection for the month of August stood at Rs. 98,202 crore, up by 4.51 percent, from the same period last month, official data released on Sunday said.
World's highest ever tax returns filed in a day: CBDT
Sep 01, 2019, at 09:37 pm
New Delhi, Sep 1 (UNI) With a highest ever increase in the e-filing of income tax, 49,29,121 Income Tax Returns were filed in a single day.
No employee will be removed: Nirmala Sitharaman
Sep 01, 2019, at 08:00 pm
New Delhi, Sept 1 (IBNS): Union Finance Minister Nirmala Sitharaman on Sunday assured the nation that there will not be any job loss following the government's decision to merge 10 public sector banks.
Tata Motors domestic sales registered 29,140 units in August 2019
Sep 01, 2019, at 06:24 pm
Mumbai, Sept 1 (IBNS): Automobile major Tata Motors Limited on Sunday announced its sales in the domestic & international market, for the month of August 2019, which stood at 32,343 vehicles, compared to 62,688 units during August 2018.
Toyota Kirloskar Motor sells 11544 units in the month of August 2019
Sep 01, 2019, at 04:17 pm
Bangalore, Sept 1 (IBNS): Automobile major Toyota Kirloskar Motor sold a total of 10701 units in the domestic market this month of August 2019. The company exported 843 units of the Etios series this month thus clocking a total of 11544 units.
IndiGo announces appointment of GE-Healthcare official Aditya Pande as new CFO
Aug 31, 2019, at 08:27 pm
New Delhi, Aug 31 (IBNS): InterGlobe Aviation Ltd, which runs airline IndiGo, on Friday announced the name of GE-Healthcase official, Aditya Pande, as its new Chief Financial Officer (CFO), media reports said.
CEAT launches competition for startups in the new age mobility business
Aug 31, 2019, at 12:46 pm
Kolkata, Aug 31 (IBNS): CEAT, the flagship tyre manufacturing company of RPG Enterprises, has announced a competition for start ups offering solutions for new age mobility businesses, a segment with large market opportunities.
Sensex rises by 631.63 points in week ended on Aug 31
Aug 31, 2019, at 12:41 pm
Mumbai, Aug 31 (UNI): The equity market posted a massive gain during the week ended on Friday, as the BSE Sensex spurted by 631.63 points or 1.72 per cent at 37,332.79 after the Finance Minister Nirmala Sitharaman announced measures to revive the economy.
Government plans to divest Air India completely
Aug 30, 2019, at 09:10 pm
New Delhi, Aug 30 (IBNS): The Indian government is planning to divest loss-laden carrier Air India completely after a plan to sell 76 per cent stake failed last year, media reports said.
GDP growth sees sharp drop to 5 percent
Aug 30, 2019, at 05:56 pm
New Delhi, Aug 30 (IBNS): India's Gross Domestic Product (GDP) growth for the first quarter of the financial year 2019-20 dropped to touch a figure of five percent, government figures unveiled on Friday said.
Nirmala Sitharaman announces merger of ten state-run banks to form four large entities
Aug 30, 2019, at 05:42 pm
New Delhi, Aug 30 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday made some major announcements in the banking sector where she said four mega-mergers will take place involving ten state-run banks.
Yes Bank recovers by 3.75 pc to Rs 59.50
Aug 30, 2019, at 05:38 pm
Mumbai, Aug 30 (UNI) Yes Bank on Friday rose by 3.75 pc to Rs 59.50 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE).
Seven departments merged to set up Jal Shakti in Uttar Pradesh
Aug 30, 2019, at 05:34 pm
Lucknow, Aug 30(UNI) Uttar Pradesh government on Friday issued a Government Order(GO) to merge seven important departments to set up a new 'Jan Shakti' department on the lines of the Central government.
Indian Market: Sensex bounces back 263.86 pts, ends in green
Aug 30, 2019, at 05:26 pm
Mumbai, Aug 30 (UNI) The BSE Sensex on Friday bounced back by 263.86 points at 37,332.79, snapping a negative streak of last two sessions ahead of the June quarter GDP numbers, due later in the day.
Nirmala Sitharaman announces major state-run bank mergers
Aug 30, 2019, at 04:51 pm
New Delhi, Aug 30 (IBNS): Union Finance Minister Nirmala Sitharaman on Friday said Punjab National Bank, Oriental Bank of Commerce and United Bank will be brought together to form the second-largest public sector bank of the country.
Rupee falls 18 paise against USD
Aug 29, 2019, at 12:41 pm
Mumbai, Aug 29 (UNI) The Rupee on Thursday lost further by 18 paise to 71.95 against the US Dollar in early trade amid weak domestic equity market and persistent foreign fund outflows, the dealers at the Forex Market said.
Aug 29, 2019, at 12:38 pm
Mumbai, Aug 29 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Thursday slipped by 279.35 points to 37,172.49 in early trade on heavy selling in banking stocks ahead August month derivatives expiry amid weak cues from other Asian markets.
Cabinet approves 100 pct FDI for coal mining
Aug 28, 2019, at 10:03 pm
New Delhi, Aug 28 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for Review of Foreign Direct Investment on various sectors and stated the changes in FDI policy will result in making India a more attractive FDI destination, leading to benefits of increased investments, employment and growth.
Indian Rupee down 29 paise to 71.77 against USD
Aug 28, 2019, at 06:04 pm
Mumbai, Aug 28 (UNI) The Rupee on Wednesday tumbled down by 29 paise to settle at 71.77 against the greenback on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.
Indian market: Sensex down by 189.43 pts
Aug 28, 2019, at 05:04 pm
Mumbai, Aug 28 (UNI) The BSE Sensex on Wednesday fell by 189.43 points to 37,451.84 on brisk selling in metal, power, auto, Banking and healthcare stock.
Yes Bank moves down by 7.74 pc to Rs 59.50
Aug 28, 2019, at 05:03 pm
Mumbai, Aug 28 (UNI) Yes Bank on Wednesday fell by 7.47 pc to Rs 59.50 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).
One-third of 5-trillion dollar economy must come from exports: Pranab Mukherjee
Aug 27, 2019, at 07:45 pm
Kolkata: Former President and Bharat Ratna Pranab Mukherjee has said exports must constitute one-third of the five-trillion dollar Indian economy, an ambition of the present government.
Pranab Mukherjee graces FIEO's Eastern Region Export Excellence Award
Aug 27, 2019, at 07:36 pm
Kolkata: Former President and Bharat Ratna Pranab Mukherjee on Monday graced the fifth and sixth set of Eastern Region Export Excellence Award of Federation of Indian Export Organisations (FIEO) here.
Govt not yet decided how to utilise RBI funds: Nirmala Sitharaman
Aug 27, 2019, at 07:35 pm
New Delhi, Aug 27 (IBNS): A day after the Reserve Bank of India decided to transfer Rs. 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the Centre has not yet decided on how the funds from the central bank will be utilised.
Indian Rupee ends up by 54 paise against USD
Aug 27, 2019, at 06:19 pm
Mumbai, Aug 27 (UNI) The Rupee on Tuesday jumped by 54 paise, to end at 71.48 at close, following strong equity market and after the latest remark by US President Donald Trump on trade talk with China, which enthused the investors.
Ridesharing company Uber riders get round-the-clock safety helpline
Aug 27, 2019, at 05:18 pm
New Delhi, Aug 27 (UNI) Ride sharing company Uber here on Tuesday announced the launch of a 24x7 safety helpline in India.
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).