Trade wars and protectionism threaten global shipping, warns UN agency

Oct 04, 2018, at 07:41 am

New York, Oct 4 (IBNS): Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt its role as a key player in global commerce, the UN said on Wednesday.

Emirates touches down in Edinburgh

Oct 03, 2018, at 06:49 pm

Kolkata Oct 3 (IBNS): Emirates, the world’s largest international airline, on Oct 1 celebrated the inaugural flight of its new service between Dubai and Edinburgh. Emirates flight EK023, with a group of VIP guests and media on board, was welcomed by Edinburgh Airport with a water cannon salute.

Jet Airways receives 5th Boeing 737Max

Oct 03, 2018, at 06:23 pm

Mumbai, Oct 3 (IBNS): Jet Airways, India's premier full-service international airline, has received its fifth Boeing 737 MAX, as part of its fleet modernisation plan in line with its commitment to offer its guests a considerably superior and differentiated flying experience.

Life insurance preferred investment choice for 70% millennials: Survey

Oct 03, 2018, at 04:38 pm

New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.

Tata Communications acquires mobility and Internet of Things specialist Teleena

Oct 03, 2018, at 04:34 pm

Mumbai, Oct 3 (IBNS): Tata Communications, a leading global digital infrastructure provider, is acquiring Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).

Infosys Foundation to build center for handling cybercrime investigation

Oct 03, 2018, at 04:30 pm

Kolkata / Bengaluru, Oct 3 (IBNS) IT major Infosys Foundation, the philanthropic arm of Infosys,on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with the Criminal Investigation Department (CID) of Karnataka Police and Data Security Council of India (DSCI) towards setting up the Centre for Cybercrime Investigation Training & Research (CCITR) in Bengaluru, Karnataka.

Maruti Suzuki recalls 640 Super Carry vehicles

Oct 03, 2018, at 03:55 pm

New Delhi, Oct 3 (IBNS): Automobile giant Maruti Suzuki India Limited on Wednesday said it will proactively and voluntarily undertake a recall for Super Carry vehicles to inspect for a possible defect in fuel pump assembly.

Value of rupee tumbles, reaches new low

Oct 03, 2018, at 10:18 am

Mumbai, Oct 3 (IBNS): The value of Indian currency further tumbled as it reached Rs. 73.26 corresponding to one US dollar, media reports said.

IMF appoints Gita Gopinath as Chief Economist

Oct 02, 2018, at 09:48 am

New York, Oct 2 (IBNS): International Monetary Fund (IMF) Managing Director Christine Lagarde appointed Gita Gopinath on Monday as Economic Counsellor and Director of the IMF’s Research Department.

India born Gita Gopinath appointed as Chief Economist of IMF

Oct 01, 2018, at 10:26 pm

New Delhi, Oct 1 (IBNS): In a proud moment for India, Gita Gopinath has been appointed as Chief Economist of International Monetary Fund (IMF).

TVS Motor Company posts 18 pct sales growth in September 2018

Oct 01, 2018, at 07:07 pm

New Delhi, Oct 1 (IBNS):Automobile giant TVS Motor Company on Monday said it has registered a sales growth of 18 percent with sales increasing from 359,850 units in September 2017 to 423,978 units in the month of September 2018.

Government takes action to preserve value and assets of IL & FS

Oct 01, 2018, at 06:55 pm

New Delhi, Oct 1 (IBNS): The has taken action to ensure much needed liquidity arranged for the IL& FS from the financial system so that no more defaults take place and the infrastructure projects  implemented smoothly.

Mahindra’s farm equipment sector sells 35,953 units in India during September 2018

Oct 01, 2018, at 05:53 pm

Mumbai, Oct 1 (IBNS):  Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, on Monday announced its tractor sales numbers for September 2018.

Mahindra Posts 14% Growth in Automotive Sales During First Half of FY2019

Oct 01, 2018, at 05:01 pm

Mumbai, Oct 1 (IBNS): Automobile giant Mahindra & Mahindra Ltd., a part of the USD 20.7 billion Mahindra Group, on Monday announced its auto sales performance for September 2018 which stood at 55,022 vehicles, compared to 53,752 vehicles during September 2017, a growth of 2%.

Toyota Kirloskar Motor sales growth momentum continues, sells 13078 units in September

Oct 01, 2018, at 04:57 pm

Kolkata, Oct 1 (IBNS): Automobile giant Toyota Kirloskar Motor on Monday said it has sold a total of 12512 units in the domestic market this month of September 2018.

Robust US growth to help Indian exporters; big macro picture: ASSOCHAM

Oct 01, 2018, at 04:13 pm

New Delhi, Oct 1 (IBNS): With the US, India's largest destination for merchandise exports, showing a robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the country's macro picture, an ASSOCHAM Paper has noted.

Tata Motors continues its growth momentum in the domestic market registering 20% increase of sales in September 2018

Oct 01, 2018, at 04:04 pm

Mumbai, Oct 1 (IBNS): Automobile giant Tata Motors sales in the domestic market in September 2018, grew by 20%, at 64,250 units compared to 53,964 units over the previous year.

GST Revenue collection for September 2018 crosses Rs 94,000 crore

Oct 01, 2018, at 02:14 pm

New Delhi, Oct 1 (IBNS) : A total of Rs. 94,442 crore has been collected as  gross GST revenue in  September, marking an upward trend.

Fuel price: Price of petrol crosses Rs 91 in Mumbai

Oct 01, 2018, at 10:52 am

Mumbai, Oct 1 (IBNS): The price of petrol continued to increase as it has crossed Rs 91/litre in Mumbai, media reports said.

Jet Airways celebrates Indian cricket team's seventh win with exciting offers

Sep 29, 2018, at 06:28 pm

Mumbai, Sept 29 (IBNS):Jet Airways, India’s premier full-service international airline, is offering seven lucky guests a free upgrade to Premiere and another seven guests a 50% discount on Economy tickets to destinations within India and on select international routes.

Power Publishers offers comic book art service for storytellers and publishers

Sep 29, 2018, at 03:20 pm

Kolkata, Sep 29 (IBNS):  Indian company Power Publishers has come up with a comic book art service for story-tellers, publishers and production houses. You may also commission comic book artists at budget-friendly prices through them.

Fuel prices continue to rise; one litre of petrol costs Rs. 90.75 in Mumbai

Sep 29, 2018, at 10:38 am

Mumbai, Sept 29 (IBNS): One litre of petrol will charge Rs. 90.75 in Mumbai as fuel prices continued to increase on Saturday, media reports said.

Submit Form 15G or Form 15H to avoid TDS on your Interest Income

Sep 27, 2018, at 03:04 pm

It is mandatory for financial institutions to deduct TDS (Tax Deducted at Source) on interest income on investments exceeding Rs.10,000, or Rs.5,000, if you have a company FD. This limit has been extended to Rs.50,000 for senior citizens. Typically, the financial institutions deduct this tax, and you can adjust is later when filing your income tax returns or paying your tax amount.

Hero MotoCorp to make an upward revision in prices of its products, effective Oct 3

Sep 26, 2018, at 07:09 pm

New Delhi, Sept 26 (IBNS):  Hero MotoCorp, the world’s largest two-wheeler manufacturer, will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective Oct 3.

Finance Ministry Launches Mobile Application “ Jan Dhan Darshak” as A Part of Financial Inclusion

Sep 26, 2018, at 02:49 pm

New Delhi, Sept 26 (IBNS) : Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre  (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative .

How You Can Work Out What Kind of Investor You Are

Sep 26, 2018, at 12:19 am

Making the right kind of investment for your personality and taste is vital. If you make the wrong moves in this respect, then you will end up with an investment that simply doesn’t suit you or your needs.

Ola rolls out real-time customer ride monitoring system

Sep 25, 2018, at 07:46 pm

Kolkata, Sept 25 (IBNS): App-based taxi service provider Ola on Tuesday launched project ‘Guardian’, a real-time monitoring system, to further strengthen ride safety of its customers on the platform.

Life Health Foods launches dairy-free plant based milks

Sep 25, 2018, at 07:33 pm

Kolkata, Sept 25 (IBNS): Life Health Foods (India) Pvt. Ltd., a pioneer in the health beverage segment, has launched their new brand So Good, dairy-free plant based milks.

Indian economy to grow at 8 pct: Jaitley

Sep 25, 2018, at 06:33 pm

New Delhi, Sept 25 (IBNS): Union Finance Minister Arun Jaitley on Tuesday said India is expected to experience a economic growth rate of 8 percent.

Samsung’s first Triple Camera Smartphone Galaxy A7 debuts in India

Sep 25, 2018, at 04:35 pm

Kolkata, Sept 25 (IBNS): Digital giant Samsung on Tuesday launched Galaxy A7, with a stunning design, powerful Rear Triple Camera, striking new colours and superior performance.