SsangYong Motor’s 2016 Sales Surpass 150,000 units in 14 Years

Jan 03, 2017, at 09:31 pm

Seoul, Jan 3 (IBNS): SsangYong Motor Company, part of the Mahindra Group, on Tuesday announced that the company recorded its highest ever annual sales in 2016 in 14 years, posting a record-high monthly sales in December 2016.

Bank of Baroda enters into MOU with CNX Corporation Ltd

Jan 03, 2017, at 09:18 pm

New Delhi, Jan 3 (IBNS): Bank of Baroda, India’s International Bank has entered into MOU with CNX Corporation Ltd (CNX) with an objective to provide collateral management services towards the loans against warehouse receipt sanctioned to the farmers through the network of Bank of Baroda branches across the country.

Auction calendar of govt dated securities revised

Jan 03, 2017, at 07:02 pm

New Delhi, Jan 3 (IBNS): The Union Ministry of Finance in a release on Tuesday said that after reviewing the cash position of the Central Government, Government of India, in consultation with Reserve Bank of India, has revised the auction calendar for the issuance of Government dated securities for the remaining part of second half of 2016-17.

RBI to hold auction (re-issue) of GOI bond and stocks

Jan 03, 2017, at 06:58 pm

Mumbai/New Delhi, Jan 3 (IBNS): The Union Finance Ministry on Tuesday said in a release that Government of India has announced the sale (re-issue) of “Government of India Floating Rate Bonds 2024” for a notified amount of Rs. 2000 crore (nominal) through price based auction as well as auction for sale (re-issue) of government stocks.

Govt keen to weed out black money says IT director

Jan 03, 2017, at 06:48 pm

Kolkata, Jan 3 (IBNS): At a recent seminar on the Pradhan Mantri Garib Kalyan Yojana, Additional Director of Income Tax, Intelligence and Criminal Investigation, P. B. Pramanik said the government has adopted a strict stance in its war against black money.

Kenstar launches new range of water heaters

Jan 03, 2017, at 05:03 am

New Delhi, Jan 2 (IBNS): To warm up the winter mornings, Kenstar, announced the launch of its new range of water heaters.

WB Chief Minister inaugurates Exide Industries new plant in Haldia

Jan 03, 2017, at 04:39 am

Haldia, West Bengal, Jan 2 (IBNS): West Bengal Chief Minister, Mamata Banerjee on Monday inaugurated Exide Industries' punch grid battery producing unit in technical collaboration with East Penn Manufacturing Company of the USA in Haldia, a major river port and industrial hub located 125 km from state capital Kolkata.

Core infra industries output incrase by 4.9 pct

Jan 02, 2017, at 11:09 pm

New Delhi, Jan 2 (IBNS): India's core infra industries output increased by 4.9 per cent in November, officials said.

Indian benchmark indices end in the red on year's first business day

Jan 02, 2017, at 10:48 pm

Mumbai, Jan 2 (IBNS): The Indian market failed to emulate the festive cheer on its first business day of the New Year, with the benchmark indices ending in the red, the only saving grace being NSE Nifty able to cross the psychological mark of 8150.

Somalia: Blasts near Africa Union Mission in Somalia base

Jan 02, 2017, at 10:36 pm

Mogadishu, Jan 2 (IBNS): Blasts rocked Somalia capital Mogadishu on Monday, reports said.

Renault India registers sales of 11,244 units in December 2016

Jan 02, 2017, at 10:23 pm

New Delhi, Jan 2 (IBNS):Renault India, one of the fastest growing automotive brands in India, on Monday said it has registered a growth of 9.2%with monthly sales of 11,244units in the month of December 2016 as against 10,292units in the corresponding month last year.

Tata Motors sales at 40,944 in December 2016, marks growth of 2%

Jan 02, 2017, at 10:01 pm

Mumbai/Kolkata, Jan 2 (IBNS): Tata Motors passenger and commercial vehicle total sales (including exports) in December 2016 were at 40,944 vehicles, 2% growth over 39,973 vehicles sold in December 2015.

Tata AutoComp completes acquisition of Titanx Engine Cooling

Jan 02, 2017, at 10:00 pm

Gothenburg/Kolkata, Jan 2 (IBNS): In line with its strategy of expanding globally and fortifying presence in the Cooling and Emission Control segments, Tata AutoComp Systems Limited, a leading auto-component conglomerate, on Monday announced completion of the acquisition of TitanX - a leading global engine cooling supplier.

Bandhan Bank cuts MCLR by 148 bps to 10.52%, micro loan rates down to 18.52%

Jan 02, 2017, at 09:43 pm

Kolkata, Jan 2 (IBNS): Bandhan Bank Ltd. on Monday cut its Marginal Cost of funds Based Lending Rate or MCLR by 148 basis points to 10.52% p.a.

Patanjali among most disruptive forces of 2016: ASSOCHAM- TechSci study

Jan 02, 2017, at 09:41 pm

New Delhi, Jan 2 (IBNS): Patanjali Ayurveda, steered by Baba Ramdev has turned out to be the most disruptive force in India’s fast moving consumer goods (FMCG) market which is expected to reach the USD billion mark by 2020, according to an ASSOCHAM– TechSci Research paper.

Nissan India's December 2016 sales up 21 percent

Jan 02, 2017, at 09:38 pm

New Delhi, Dec 2 (IBNS): Nissan Motor India Pvt. Ltd. on Monday reported 3,711 domestic sales in December 2016, a 21 percent increase against 3,065 units sold the same month a year ago.

Hyundai Motor India achieves domestic sales milestone of 5 lakh units in CY-16

Jan 02, 2017, at 03:44 pm

New Delhi, Jan 2 (IBNS): Hyundai Motor India, an auto exporter and second largest manufacturer, on Monday announced that it has first time achieved sales milestone of 5,00,537 units in CY 2016 registering a growth of 5.2 per cent.

Maruti Suzuki India sells 117,908 units in December

Jan 02, 2017, at 03:59 am

New Delhi, Jan 1 (IBNS): Maruti Suzuki India Limited, leader in passenger vehicles, on Sunday declared they have sold a total of 117,908 units in December 2016.

Petrol,diesel prices increased

Jan 02, 2017, at 02:38 am

New Delhi, Jan 1 (IBNS):Prices of diesel and petrol prices have been hiked on Sunday, officials said.

Demonetisation will be good for the country in the long run, says CMD, Union Bank of India

Dec 31, 2016, at 02:44 pm

Kolkata, Dec 31 (IBNS): Demonetisation will be good for the country in the long run and will take time to yield positive effect, said Arun Kr. Tewari, CMD, Union Bank of India.

RBI relaxes ATM daily withdrawal limit to Rs 4,500

Dec 31, 2016, at 01:56 pm

New Delhi, Dec 31 (IBNS): The Reseve Bank of India on Saturday announced its decision to relax the daily ATM withdrawal limit to Rs 4,500 from the earlier cap of Rs 2,500.

Hotel bookings for New Year’s Eve celebrations down by up to 5%: ASSOCHAM

Dec 31, 2016, at 03:35 am

New Delhi, Dec 30 (IBNS): Demonetisation and the consequent cash crunch seems to have some impact on New Year's Eve celebrations as bookings received by star-rated hotels in metros have registered a decline of about 5-7 per cent, noted a quick survey undertaken by ASSOCHAM Social Development Foundation.

Indian benchmark indices end 2016 on positive note

Dec 30, 2016, at 10:59 pm

Mumbai, Dec 30 (IBNS): The Indian market ended 2016 on positive note, with BSE Sensex up 260.31 points or 0.9 percent at 26626.46 and NSE Nifty up 82.20 points or 1 percent at 8185.80.

Kolkata: Toyota launches first driving school in eastern India

Dec 30, 2016, at 09:52 pm

Kolkata, Dec 30 (IBNS): Toyota Kirloskar Motor on Thursday, announced the launch of the company’s first Toyota Driving School in eastern India in Kolkata and the fifth in India.

Apple to set up a production unit in Bangalore?

Dec 30, 2016, at 04:29 pm

Bangalore/Cupertino, Dec 30 (IBNS): Tech giant Apple looks set to open a production unit in Bangalore, reports said.

Deadline to submit banned notes ends today

Dec 30, 2016, at 03:29 pm

New Delhi, Dec 30 (IBNS): The 50-day deadline to submit banned Rs. 1000 and Rs. 500 currency notes ends on Friday.

Following notes ban, tax collection increased: Arun Jaitley

Dec 30, 2016, at 04:18 am

New Delhi, dec 29 (IBNS): Union Finance Minister Arun Jaitley on Thursday said income tax collections have increased to the extent of 14.4 per cent due to government's demonetisation move.

SBI partners with AISECT to roll out Electronic Toll Collection Project across country

Dec 30, 2016, at 12:44 am

Bhopal, Dec 29 (IBNS): The State Bank of India (SBI) has partnered with Bhopal-based organization AISECT for the roll-out of its Electronic Toll Collection (ETC) Project across the country.

Indian benchmark indices gain on Thursday

Dec 30, 2016, at 12:03 am

Mumbai, Dec 29 (IBNS): The Indian market reported gains on Thursday with BSE Sensex up 155.47 points at 26366.15 and NSE Nifty up 68.75 points at 8103.60.

Bank of Baroda enters into MoU with Heritage Foods Ltd. (HFL)

Dec 29, 2016, at 11:21 pm

Mumbai, Dec 29 (IBNS) Bank of Baroda, India’s leading public sector bank, has signed an MoU with Heritage Foods Ltd. (HFL) with an objective to provide dairy loans to the farmers through the network of Bank of Baroda branches across the country.