All efforts on for smooth handling of data for transition to GST: Member, CBEC

Feb 04, 2017, at 02:45 pm

New Delhi, Feb 4 (IBNS): With the goods and services tax (GST) on the anvil, all state governments are working very closely with central government and all efforts are on to put the elaborate information technology (IT) infrastructure in place for smooth handling of massive amount of data, a top CBEC (Central Board of Excise and Customs) official said at an ASSOCHAM event held in New Delhi on Friday.

Jet Airways declares seventh successive "profitable quarter"

Feb 04, 2017, at 03:45 am

Mumbai, Feb 3 (IBNS): Jet Airways Group on Friday announced its seventh successive profitable quarter with a profit of INR 156.3 cr for the period ending December 31, 2016 supported by rising traffic and improved business efficiencies.

Bank of Baroda inaugurates NRI Help Desk in Mumbai

Feb 04, 2017, at 12:45 am

Mumbai, Feb 3 (IBNS): Under Project Navodaya, Bank of Baroda, Mumbai Zone, recently inaugurated the first NRI Help Desk at Nariman Point Branch in Mumbai.

Telecom base in India touches 1.12 billion at end-November 2016

Feb 03, 2017, at 11:02 pm

New Delhi, Feb 3 (IBNS): Touching new high, telecom base in India has touched 1.12 billion at end-November 2016, officials said on Friday.

Indian benchmark indices end flat with positive bias, BSE IPO oversubscribed

Feb 03, 2017, at 09:59 pm

Mumbai, Feb 3 (IBNS): The Indian market failed to impress on Friday despite ending in positive territory, according to media reports.

Apple going for India made iPhones at Bengaluru facility

Feb 03, 2017, at 05:35 pm

Bengaluru, Feb 3 (IBNS) : As Prime Minister Narendra Modi pitches for "Make in India," technology giant Apple is set to manufacture iPhones in Bengaluru, The Times of India reported.

Tata Power Skill Development Institute inaugurates 'Skills on Wheels'

Feb 03, 2017, at 05:08 am

Mumbai/ Kolkata, Feb 2 (IBNS): Tata Power, an integrated power company, on Thursday inaugurated Tata Power Skill Development Institute's (TPSDI) Skills on Wheels, a mobile concept to make skill training more accessible to people.

Bandhan Bank crosses 800 branches

Feb 03, 2017, at 02:31 am

Kolkata, Feb 2 (IBNS): Bandhan Bank Ltd recently crossed 800 branches with the opening of 16 new ones across the country.

Emirates introduces sustainable blankets made from 100% recycled plastic bottles

Feb 03, 2017, at 12:56 am

Kolkata, Feb 2 (IBNS): Emirates has introduced new sustainable blankets made from 100% recycled plastic bottles.

Indian benchmark indices end higher on Thursday, cautions users of virtual currencies

Feb 02, 2017, at 10:33 pm

Mumbai, Feb 2 (IBNS): The Indian market ended positive on Thursday with BSE Sensex up 84.97 points at 28226.61 and NSE Nifty up 17.85 points at 8734.25.

Association of Odisha Real-estate Developers announces “AFORD Home Expo 2017”, offers up to 5% discount on each spot registration

Feb 02, 2017, at 07:49 pm

Bhubaneswar, Feb 2 (IBNS): Association for Odisha Real-estate Developers (AFORD) is one of the most prominent recognized body of the Real Estate Developers in Odisha.

Budget 2017: Benefits announced for NPS subscribers

Feb 02, 2017, at 07:37 pm

New Delhi, Feb 2 (IBNS): The Finance Bill 2017 laid down in the Parliament on Thursday introduced several new benefits for National Pension System (NPS) subscribers.

Using indigenous FarEye logistics technology Railways can provide real-time visibility to their customers: ​FarEye CEO Nahata

Feb 02, 2017, at 07:24 pm

New Delhi, Feb 1 (IBNS): Kushal Nahata, CEO and Co-founder FarEye, Logistics Technology Solutions provider said the Railways’ plan to implement integrated transport​ ​with logistics players is a big leap in providing visibility to large consumers of agricultural products.

Tata Global Beverages announces increase in profit before Exceptional Items, Group Net Profits

Feb 02, 2017, at 04:54 am

Mumbai, Feb 1 (IBNS): Tata Global Beverages Ltd. on Wednesday announced its results for the quarter ended December 2016.

Budget proposals should provide growth impetus to Indian economy: ITC

Feb 02, 2017, at 02:32 am

New Delhi, Feb 1 (IBNS): Y C Deveshwar, Chairman of ITC Limited on Wednesday lauded the Union budget and said it should should provide a growth impetus to the Indian economy and a pickup in consumption demand.

Toyota Kirloskar Motor registers 21% growth in the month of January 2017

Feb 02, 2017, at 01:16 am

Bangalore, Feb 1 (IBNS): In the month of January 2017, car manufacturing major Toyota Kirloskar Motor registered a 21% growth in domestic sales and 22% growth in overall sales when compared to the sale in January 2016.

Budget 2017 is progressive which aims at holistic development: SAIL

Feb 02, 2017, at 01:11 am

New Delhi, Feb 1 (IBNS): Steel Authority of India (SAIL) Chairman P K Singh on Wednesday hailed the Centre's general budget and said it aims at "holistic development."

Maruti Suzuki sells 144396 units in January

Feb 02, 2017, at 01:10 am

New Delhi, Feb 1 (IBNS): Major car manufacturer Maruti Suzuki India Limited on Wednesday said it has sold a total of 144396 units in January 2017.

Jaitely increases 48% fund allocation for NE development

Feb 02, 2017, at 01:07 am

Guwahati, Feb 1 (IBNS) : Even not a single special project announced for the North East India in the Union Budget 2017-18, Union Finance Minister Arun Jaitely increasing overall fund allocation to the region by 48% in his fourth budget against the previous budget.

Budget: Political Parties cannot receive donation above Rs. 2,000 in cash from one person

Feb 02, 2017, at 12:30 am

New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitely while presenting the General Budget 2017-18 in Parliament on Wednesday said that the political party can receive maximum donation up to Rs. 2,000 in cash from one person.

Business like budget; high on reforms, rural demand & infra: ASSOCHAM

Feb 02, 2017, at 12:24 am

New Delhi, Feb 1 (IBNS): Apex industry body ASSOCHAM today congratulated Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley for giving a truly workman and business-like Budget, with a great focus on rural economy, small and medium enterprises, small income tax payers and importantly bringing reforms in political funding.

Budget: Allocation for welfare of SC, ST and Minorities to be enhanced

Feb 02, 2017, at 12:19 am

New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that the Government is giving special importance to implementation of the Schemes for welfare of Scheduled Castes, Scheduled Tribes and Minorities.

Budget: Mahila Shakti Kendra will be set-up at village level

Feb 01, 2017, at 11:54 pm

New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitley while presenting the General Budget 2017-18 in Parliament on Wednesday said that Mahila Shakti Kendra will be set-up at village level with an allocation of Rs. 500 crores in 14 lakh ICDS Anganwadi Centres.

The Union Budget 2017 -18 is an expected exercise in moderation: The Bengal Chamber

Feb 01, 2017, at 11:50 pm

New Delhi, Feb 1 (IBNS): The Bengal Chamber's on Wednesday welcomed the Union Budget presented by Finane Minister Arun Jaitley and called it an expected exercise in moderation.

Move of Railways to implement integrated transport solution with logistics players is a big leap, says FarEye

Feb 01, 2017, at 11:43 pm

New Delhi, Feb 1 (IBNS): Kushal Nahata, CEO and Co-founder FarEye, Logistics Technology Solutions provider said the Railways’ plan to implement integrated transport solution said the move of Railways to implement integrated transport solution with logistics players is a big leap in providing visibility to large consumers of agricultural products.

Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh

Feb 01, 2017, at 11:42 pm

New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley reduced the rate of taxation from existing 10 per cent to 5 per cent for individual assesses between income of Rs 2.5 lakhs to Rs 5 lakhs.

Tata Motors sales at 46,349 in January 2017

Feb 01, 2017, at 11:36 pm

Kolkata/Mumbai, Feb 1 (IBNS): Tata Motors passenger and commercial vehicle total sales (including exports) in January 2017 were at 46,349 vehicles, a decline of 1% over 47,035 vehicles sold in January 2016.

Finance Minister announces measures for promoting affordable housing and real estate sector

Feb 01, 2017, at 11:25 pm

New Delhi, Feb 1 (IBNS): Making the Scheme for profit-linked income tax exemption for promoters of affordable housing scheme announced last year more attractive, Union Finance Minister Arun Jaitley proposed a number of changes while presenting the General Budget 2016-17 in Lok Sabha on Wednesday.

Budget: Allocation for welfare of women and children increased

Feb 01, 2017, at 11:11 pm

New Delhi, Feb 1 (IBNS): For the welfare of Women and Children under various schemes across all Ministries the Union Minister for Finance and Corporate Affairs, Arun Jaitley in his budget speech on Wednesday said that the allocation has been increased from Rs 1,56,528 crores in BE 2016-17 to Rs 1,84,632 crores in 2017-18.

Etihad Aviation Group, Lufthansa Group extend cooperation

Feb 01, 2017, at 10:57 pm

Abu Dhabi, Feb 1 (IBNS): Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, today unveiled details of a new commercial partnership.