TMILL, a subsidiary of Tata Steel sells its tug business to Adani Ports
Dec 08, 2016, at 01:04 am
Mumbai, Dec 7 (IBNS): Tata Steel Limited on Wednesday announced that its subsidiary, TM International Logistics Limited (TMILL) has divested entire stake in its wholly owned step down subsidiary TM Harbour Services Pvt. Ltd. (TMHSPL) to Adani Ports and Special Economic Zone Limited (APSEZ) for a total consideration of Rs. 106 crore in an all cash deal.
RBI keeps repo rate unchanged, receives mixed reviews
Dec 08, 2016, at 12:37 am
Mumbai, Dec 7 (IBNS): The Reserve Bank of India's (RBI's) decision to stick to its old repo rate garnered mixed reviews from the markets.
Market reacts negatively to RBI's decision to keep repo rates intact
Dec 08, 2016, at 12:30 am
Mumbai, Dec 7 (IBNS): Indian equity benchmarks responded negatively to the Reserve Bank of India's (RBI's) decision to keep the repo rate unchanged in the first policy meeting post demonetisation, reports said.
Southwinds: Second phase of Kolkata’s first micro-township launched by Primarc Projects
Dec 07, 2016, at 11:31 pm
Kolkata, Dec 7 (IBNS): Primarc Projects, one of the leading realty firms from eastern India, in association with Srijan and Riya Group, unveiled the second phase of Kolkata’s first micro-township recently.
RBI keeps repo rate unaffected at 6.25 per cent
Dec 07, 2016, at 08:59 pm
Mumbai, Dec 7 (IBNS) : Contrary to the expectations of many, Reserve Bank of India Governor Urjit Patel left the repo rate unchanged in the first policy meeting post demonetisation, reports said.
ED launches enquiry of records at 50 banks
Dec 07, 2016, at 08:58 pm
New Delhi, Dec 7 (IBNS) : The Enforcement Directorate on Wednesday started an 'enquiry of records' operation at over 50 bank branches across the country to detect money laundering and hawala dealing instances post demonetisation, reports said.
Union government registers ICSI as insolvency professional agency
Dec 07, 2016, at 05:34 pm
Kolkata, Dec 7 (IBNS) : The Institute of Company Secretaries of India (ICSI), at a recent press conference in Kolkata, highlighted their achievements and spoke about their vision and mission for the upcoming days.
HDFC Life forays intomicro insurance, targets micro finance institutions
Dec 07, 2016, at 01:27 am
Mumbai, Dec 6 (IBNS): HDFC Life, a private Life insurer, has announced its foray into the micro insurance category, with the launch of two distinct group insurance offerings - HDFC Life Group JeevanSurakshaand HDFC life Group Credit Suraksha.
RBI to issue new Rs. 100 notes
Dec 07, 2016, at 12:46 am
New Delhi, Dec 6 (IBNS): The Reserve Bank of India on Tuesday announced it will issue new Rs 100 denomination in the Mahatma Gandhi Series-2005 bearing the signature of RBI Governor Urjit Patel shortly.
Dec 06, 2016, at 09:58 pm
Mumbai, Dec 6 (IBNS): The Indian market ended slightly up on Tuesday with BSE Sensex up 43.66 points at 26392.76 and NSE Nifty up 14.40 points at 8,143.15, banking on firm Asian cues and investor buying ahead of the Reserve Bank of India policy review scheduled for Wednesday.
Nissan announces ‘Happy With Nissan’ campaign for customers at service outlets across India
Dec 06, 2016, at 09:55 pm
New Delhi, Dec 6 (IBNS): Nissan India has announced the ‘Happy With Nissan’ customer service campaign’s sixth phase will be held across India from Dec 9-17, 2016.
Tata Power honoured with SAP ACE Award 2016
Dec 06, 2016, at 09:29 pm
Mumbai/ Kolkata, Dec 6 (IBNS): Tata Power, India’s largest integrated power company, has been a frontrunner in technology adoption and innovation while also setting benchmarks excellence in business. In recognition of these efforts, Tata Power has been winner of SAP ACE Award from last 3 years.
Cyrus Mistry converted Group into his 'personal fiefdom': Tata Sons
Dec 06, 2016, at 04:28 am
Mumbai, Dec 5 (IBNS): Tata Sons "strongly and categorically" refuted the contents of its ousted chairman Cyrus Mistry's letter, which according to the company, are a rehashed version from his earlier statements, press reports and leakages.
Godrej Group employees focus on improving teaching in schools on Global Volunteering Day
Dec 06, 2016, at 01:09 am
Mumbai, Dec 5 (IBNS): More than 2200 enthusiastic Godrej Group employees in 11 nations participated in over 90 schools and institutions as part of the Group's second International Global Volunteering Day event, on Monday, to teach children and thereby ensure their overall development.
SBI, Assam govt launched state level Digital Banking awareness programme in Gauhati University
Dec 06, 2016, at 12:48 am
Guwahati, Dec 5 (IBNS) : To make a cashless society following the demonetisation, SBI NE circle, in collaboration with the Assam government, has launched a State Level Digital Banking Awareness Programme on Monday at Gauhati University Phanidhar Dutta Auditorium.
Yes Bank partners with Ola to set up Mobile ATMs in 10 cities
Dec 06, 2016, at 12:00 am
Mumbai, Dec 5 (IBNS): Yes Bank, a private sector bank, on Monday said it has partnered with Ola, a mobile app for transportation, to set up Mobile ATMs and enable convenient cash withdrawals for citizens by swiping their Debit Cards (from any bank).
Indian benchmark indices end positive on Monday
Dec 05, 2016, at 10:51 pm
Mumbai, Dec 5 (IBNS): The Indian market ended in positive territory on Monday, with BSE Sensex up 118.44 points at 26349.10 and NSE Nifty up 41.95 points at 8128.75.
First Nissan high performance centre opens in India
Dec 05, 2016, at 10:03 pm
Noida, Dec 5 (IBNS): Nissan has taken its commitment to offer exciting new products and excel in customer service to new heights with the inauguration of India’s first Nissan High Performance Centre (NHPC) in Noida, located in the Delhi-National Capital Region(NCR).
Etihad Airways wins award for 8th consecutive year
Dec 05, 2016, at 09:12 pm
Male, Dec 5 (IBNS): Etihad Airways has once again collected the ‘World’s Leading Airline’ award at the 23rd annual World Travel Awards (WTA) Grand Final Gala Ceremony 2016.
Toyota to increase prices by up to 3% in January, 2017
Dec 05, 2016, at 09:06 pm
Bangalore, Dec 5 (IBNS): Toyota Kirloskar Motor on Monday said it has revised prices by increasing it by up to 3% effective from Jan 1, 2017.
Demonetisation: Fake currency smuggling has decreased, says M V Naidu
Dec 05, 2016, at 05:01 pm
New Delhi, Dec 5 (IBNS): Union Urban Development Minister M Venkaiah Naidu said on Monday that the move to demonetise higher currency notes have affected the smuggling of fake currency notes in India.
Verification of high value suspicious declarations made under the IDS 2016 , says govt
Dec 04, 2016, at 10:08 pm
New Delhi, Dec 4 (IBNS): An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or asset could be made by agreeing to pay forty five percent (45%) of the declared amount as tax, surcharge and penalty.
RBI to issue new Rs 50, Rs 20 currency notes
Dec 04, 2016, at 09:38 pm
New Delhi, Dec 4 (IBNS): The Reserve Bank of India on Sunday announced that it will issue new Rs 20 and Rs 50 currency notes.
Mahindra’s auto sector sells 32,499 vehicles during November 2016
Dec 03, 2016, at 11:00 pm
New Delhi, Dec 4 (IBNS): Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, has announced its auto sales performance for November 2016 which stood at 32,499 vehicles compared to 41,590 vehicles during November 2015.
Demonetisation: Cashless economy not good for India, says economist Jean Dreze
Dec 03, 2016, at 08:28 pm
Patna, Dec 3 (TheBiharPost/IBNS): Prominent economist Jean Dreze has said cashless economy is not good for a country like India.
2017 Nissan GT-R launched in India
Dec 03, 2016, at 02:44 am
Mumbai, Dec 2 (IBNS): Nissan Motor India Pvt. Ltd. on Friday launched the 2017 Nissan GT-R in India.
Soft Bank CEO meets Narendra Modi
Dec 03, 2016, at 01:24 am
New Delhi, Dec 2 (IBNS): Masayoshi Son, Chairman and CEO ,Soft Bank,Japan, met Prime Minister Narendra Modi here on Friday.
SBI launches ATM Card Switch ON / OFF feature
Dec 02, 2016, at 11:30 pm
Mumbai, Dec 2 (IBNS): State Bank of India has introduced a new feature ‘ATM Card Switch ON / OFF’ in its Missed Call & SMS Banking application ‘SBI QUICK’-, this features enables the customers to control their ATM card utility from the comfort of their home.
Dena Bank reduces MCLR by 10 basis points for 1 year tenor from Dec 1
Dec 02, 2016, at 11:27 pm
Mumbai, Dec 2 (IBNS): Dena Bank on Friday said it has reduced Marginal Cost Based Lending Rate (MCLR) by 10 basis points from 9.40% to 9.30% for 1 year tenor starting from Dec 1 .
Indian benchmark indices end lower on Friday
Dec 02, 2016, at 11:20 pm
Mumbai, Dec 2 (IBNS): Indian markets remained under pressure on Friday, largely due to investors maintaining a cautions stance ahead of the publication of US non-farms payroll data and the referendum in Italy (over its Constitution) scheduled for Sunday, according to media reports.