DSP Black Rock Mutual Fund proposes to promote mutual fund link in Assam

Jun 11, 2018, at 08:06 pm

Guwahati, June 11 (IBNS): Since Prime Minister Modi took over in 2014, a lower CAD, controlled fiscal deficit, low inflation, stable / appreciating INR among other factors helped the Sensex rally ~50% and the small and mid-cap indices rally ~110% in INR terms.

Xiaomi launches Redmi Y2 in India

Jun 11, 2018, at 06:05 pm

Kolkata, June 11 (IBNS): Smartphone brand Xiaomi has announced Redmi Y2 in India, a new iteration of the Y series that is designed for the young at heart with its exceptional selfie experience.

Indian market closes on a subdued note on Monday

Jun 11, 2018, at 04:24 pm

Mumbai, Jun 11 (IBNS): The Indian market ended Monday on a quiet note with BSE Sensex up 39.80 points at 35,483 and NSE Nifty up 19.30 points at 10,787.

Kolkata: The Bengal Chamber wants MSMEs to be financially strong and look for new markets

Jun 09, 2018, at 01:21 pm

Kolkata, Jun 9 (IBNS): Keeping in mind that Micro, Small & Medium sized Enterprises (MSMEs) play a pivotal role in the economic progress of developing countries like India, the Bengal Chamber of Commerce and Industry (BCC&I) recently organized an 'Awareness Programme for the MSMEs' in Kolkata. 

Mumbai Metro One completes four years of service

Jun 08, 2018, at 08:43 pm

Mumbai, June 8 (IBNS): Reliance Infrastructure promoted Mumbai Metro One Private Limited (MMOPL), the lifeline between Mumbai’s Western and Eastern suburbs, on Friday completed four successful years of travel for over 400 million passengers.

Gains in major pharma stocks help the Indian market to close flat

Jun 08, 2018, at 04:25 pm

Mumbai, Jun 7 (IBNS): The Indian market closed flat on Friday after a volatile day of trading, with BSE Sensex managing to recoup some of the loss thanks to some good performance in the pharma sector, according to market reports.

Tata Motors Group global wholesales at 107,343 in May 2018

Jun 08, 2018, at 04:15 pm

Mumbai, June 8 (IBNS): Automobile giant Tata Motors Group on Friday said its global wholesales in May 2018, including Jaguar Land Rover, were at 107,343 nos., higher by 24%, over May 2017.

Infosys named a winner in HfS Research Industry Blueprint

Jun 08, 2018, at 04:14 pm

Kolkata / Bengaluru, June 8 (IBNS): Infosys BPM, the business process management subsidiary of Infosys, on Friday announced that it has been named a winner in the HfS Research Industry Blueprint: Banking & Financial Services (BFS) Operations Report 2018.

Uzbekistan woos foreign investors pitching new business climate

Jun 08, 2018, at 12:56 pm

New Delhi, June 8 (IBNS) Now the time is right to invest in Uzbekistan because the business climate is changing, the economy is gaining momentum, which makes doing business easier, the country's embassy in India said.

Kamdhenu Limited reports strong performance in FY18

Jun 08, 2018, at 12:38 pm

Kolkata, Jun 8 (IBNS): Kamdhenu Limited, a leading manufacturer and seller of branded TMT Bars, reported strong performance in FY18, with revenue growth of 43 per cent, according to a company release.

Temi Tea of Sikkim to represent Indian industry at Las Vegas World Tea Expo

Jun 08, 2018, at 10:38 am

Kolkata, June 08 (IBNS) The tea industry in India may be solely represented this year at Las Vegas World Tea Expo by the Temi Tea Estate of Sikkim.

Key Indian benchmark indices close higher on Thursday

Jun 07, 2018, at 04:28 pm

Mumbai: The Indian market closed higher on Thursday but were off the day's high with investors selling off towards the end of day.  All sectoral indices ended the day in positive territory.

World Bank approves Rs. 6,000 crore Atal Bhujal Yojana

Jun 06, 2018, at 06:26 pm

New Delhi, June 6 (IBNS): The World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6000 crore  Central Sector Scheme of the Ministry of Water Resources, River Development  and Ganga Rejuvenation.

Indian market closes on positive note on Wednesday

Jun 06, 2018, at 04:23 pm

Mumbai, Jun 6 (IBNS): The Indian market closed higher on Wednesday, with BSE Sensex is up 275.67 points at 35178.88 and NSE Nifty up 91.50 points at 10684.70.

MPC reiterates its commitment to achieve medium-term target for headline inflation of 4 per cent

Jun 06, 2018, at 03:50 pm

Mumbai, Jun 6 (IBNS): The Reserve Bank of India, on Wednesday, announced that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 per cent.

RBI hikes repo rate by 25 bps, first time in four and half years

Jun 06, 2018, at 03:28 pm

Mumbai, Jun 6 (IBNS): The monetary policy committee (MPC) of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, on Wednesday, decided to hike the repo rate by 25 basis points, according to its Second Bi-monthly Monetary Policy Statement.

Centre appointed group to study India's SEZ Policy, Baba Kalyani to head team

Jun 06, 2018, at 03:09 pm

New Delhi, Jun 6 (IBNS): The Union Ministry of Commerce & Industry announced on Wednesday that the Central government has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India.

World Bank approves Atal Bhujal Yojana, to assist the Central sector scheme

Jun 06, 2018, at 02:49 pm

New Delhi, Jun 6 (IBNS): The Union Ministry of Water Resources, River Development and Ganga Rejuvenation, on Wednesday, said that the World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6,000 crore Central Sector Scheme of the Ministry.

Hindustan Copper Limited sales volume in 2017-18 best in seven years, the PSU to venture into copper exploration: Officials

Jun 05, 2018, at 05:45 pm

Kolkata, June 5 (IBNS): Hindustan Copper Limited (HCL) has achieved a record sales volume of 36435 tonnes of copper in 2017-18 which was the best in seven years for the PSU.

Etihad Airways Paris flights to go all-Airbus A380

Jun 05, 2018, at 05:42 pm

Abu Dhabi, United Arab Emirates, June 5 (IBNS): Effective from Oct 1, aviation major Etihad Airways will operate the Airbus A380 on its second daily service linking Abu Dhabi and Paris Charles de Gaulle.

Nikon appoints Sajjan Kumar as New Managing Director for India

Jun 05, 2018, at 05:29 pm

New Delhi/Kolkata, June 5 (IBNS): Nikon India, a subsidiary of Nikon Corporation Tokyo, leaders in imaging technology, on Monday announced appointment of Sajjan Kumar as the new Managing Director effective June 1, 2018.

UberPOOL trips in India helped save $4.5 million in fuel import costs, reveals Green Index

Jun 05, 2018, at 05:19 pm

Kolkata, June 5 (IBNS): By saving over 10,340 kilo litres of fuel since launch, Uber’s ridesharing product- UberPOOL has helped the country save $4.5 million in fuel import costs across 12 cities in India, according to the Green Index released by the company on World Environment Day.

TCS customer analytics software taps internet of things data for connected customer experiences

Jun 05, 2018, at 05:16 pm

New York, June 5 (IBNS): Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has introduced Connected Intelligence Platform (CIP) analytics software that helps companies deliver breakthrough customer experiences driven by insights from the physical and digital worlds and interactions with other brands.

Emirates bags ‘International Airline of the Year’ title at BIAL Pinnacle Awards 2018

Jun 05, 2018, at 05:06 pm

Kolkata, June 5 (IBNS): Airlines major Emirates  has been recognised with three prestigious awards at the BIAL Pinnacle Awards 2018.

Indian market closes lower on Tuesday after a volatile day

Jun 05, 2018, at 04:57 pm

Mumbai, Jun 5 (IBNS): The Indian market, which saw significant volatility through Tuesday, ended lower at the close of day, according to media reports.

India receives first consignment of LNG from Russia and renegotiated contracts

Jun 05, 2018, at 03:37 pm

New Delhi/Dahej, Jun 5 (IBNS): India, said to be the world's fourth-largest buyer of liquefied natural gas (LNG), received its first consignment of LNG of an estimated $25 billion contract from Russia, according to media reports on Tuesday.

IDBI Bank's MK Jain appointed as RBI deputy governor

Jun 04, 2018, at 11:17 pm

New Delhi, June 4 (IBNS): The Centre on Monday appointed MK Jain as the new deputy governor of Reserve Bank of India (RBI).

Commerce Minister attends informal gathering of WTO in Paris

Jun 04, 2018, at 07:06 pm

New Delhi, June 4 (IBNS): Commerce and Industry Minister, Suresh Prabhu, attended anInformal Gathering of World Trade Organisation (WTO) Ministers in Paris on 31 May 2018.

Sonalika Tractors records sale of 9714 units, amplifying the growth journey in May’18

Jun 04, 2018, at 05:37 pm

New Delhi/Kolkata, June 4 (IBNS): International Tractors Limited (ITL), makers of Sonalika tractors on Monday said it has recorded a robust growth of 16.5% with a total sales of 9714 units in the month of May as against 8335 units same period last year.

India among the top five countries in e-waste generation: ASSOCHAM-NEC study

Jun 04, 2018, at 05:01 pm

New Delhi, June 4 (IBNS): Despite the government’s emphasis on Swachch Bharat Abhiyaan and Smart Cities project, India continues to be generating highest e-waste vis-à-vis China, USA, Japan and Germany an ASSOCHAM-NEC recent study coinciding with the “Environment Day” (June 5) noted.