Kenstar appoints Rajiv Kenue as the new COO
Nov 25, 2016, at 07:43 pm
Mumbai, Nov 25 (IBNS): Kenstar on Friday announced the appointment of Rajiv Kenue as its Chief Operating Officer with immediate effect, an official release said.
Demonetisation: It seems our team did not do its homework properly, says Shatrughan Sinha
Nov 25, 2016, at 05:04 pm
New Delhi, Nov 25 (IBNS): Expressing concern over the present economic scenario in the wake of notes ban, senior BJP leader Shatrughan Sinha has said that his 'team' has not done its homework properly.
Demonetisation: Over the counter exchange of old notes stopped from Thursday midnight
Nov 25, 2016, at 02:37 am
New Delhi, Nov 24 (IBNS): The over the counter exchange of old 500 and 1000 INR notes, which have been banned by the government in order to curb black money from the market, will be stopped from Thursday midnight, reports said.
Withdraw cash from over 120,000 outlets across the country with Vodafone M-Pesa
Nov 24, 2016, at 09:46 pm
New Delhi, Nov 24 (IBNS): Vodafone India, committed to supporting the Government’s bold step to accelerate India’s progress into a less cash economy, today announced a unique cash out facility for its 8.4 million plus Vodafone M-Pesa customers who can withdraw cash using their digital wallet from any of the over 120,000 Vodafone M-Pesa outlets across the country, subject to availability.
Tata Steel awarded for sustainable development in mining sector
Nov 24, 2016, at 09:45 pm
New Delhi/ Kolkata, Nov 24 (IBNS): The OMQ (Ore, Mines & Quarries) Division of Tata Steel has been conferred with the Aqua Foundation’s Excellence Award 2016 under the category of Sustainable Development in Mining Sector.
Redmi 3S, Redmi 3S Prime enter the 1 million club on Flipkart
Nov 24, 2016, at 05:00 am
Bangalore, Nov 23, (IBNS): Flipkart on Wednesday announced of having sold more than 1 million units of Redmi 3S and Redmi 3S Prime-a premium metal body smartphone with a large 4100mAh battery, on its portal.
MDR waived for debit card transactions at ICICI Bank merchants
Nov 24, 2016, at 04:48 am
Mumbai, Nov 23 (IBNS): ICICI Bank on Wednesday announced that its merchant acquiring arm, ICICI Merchant Services Ltd (IMSL) has waived the Merchant Discount Rate (MDR) on debit card transactions at all merchants serviced by IMSL.
Etihad Cargo transports 72 horses on single flight
Nov 24, 2016, at 04:47 am
Kuwait City, Nov 23 (IBNS): Etihad Cargo has shipped a very special consignment. The freight division of Etihad Airways was tasked with transporting more than 70 elite racehorses from England to Kuwait after the European racing season.
Paytm founder bats for demonetisation
Nov 24, 2016, at 12:35 am
New Delhi, Nov 23 (IBNS): At a time when the government is facing huge backlash from its political opponents for the move to demonetise INR 500 and 1000 notes, it found support in e-wallet company Paytm's founder Vijay Sekhar Sharma.
Axis Bank announces waiver on Merchant Discount Rate
Nov 24, 2016, at 12:32 am
Mumbai, Nov 23 (IBNS): In support of Government's demonetisation scheme and to offer ease and convenience to its merchants and customers, Axis Bank on Wednesday waived Merchant Discount Rate (MDR) transaction fees on debit card usage.
Indian markets close positive on Wednesday
Nov 23, 2016, at 11:24 pm
Mumbai, Nov 23 (IBNS): NSE Nifty managed to hold the 8000 level for the second consecutive session on Wednesday and gained 31 points to close at 8033.30.
Union ministry says valuation of rupee is contingent on many factors
Nov 23, 2016, at 10:13 pm
New Delhi, Nov 23 (IBNS): Union Commerce and Industry Minister Nirmala Sitharaman in a written reply on Wednesday informed the Rajya Sabha about the impact of Free Trade Agreement (FTA) on the valuation of rupee.
Demonetisation: Rahul Gandhi demands a joint Parliament committee to probe move
Nov 23, 2016, at 06:53 pm
New Delhi, Nov 23 (IBNS): Congress Vice President Rahul Gandhi on Wednesday said that the move by Prime Minister Narendra Modi to demonetise INR 500 and 1000 notes is a scam and demanded a joint Parliament committee to probe it.
CTS, Cisco, HP slump further after Trump's Visa investigation call
Nov 23, 2016, at 06:51 pm
Washington, Nov 23 (IBNS): As the American market is still recovering from the shock win of US President-elect Donald Trump, his stance on visa has allowed tech companies Cognizant, Cisco and HP to slump further, reports said.
Indian benchmark indices recover on Tuesday
Nov 23, 2016, at 12:54 am
Mumbai, Nov 22 (IBNS): The Indian market was somewhat able to recover on Tuesday, with the BSE Sensex up 195.64 points at 25960.78 and the NSE Nifty up 73.20 points at 8002.30.
Nov 23, 2016, at 12:44 am
Mumbai, Nov 22 (IBNS): Yes School of Banking (the Learning & Development unit of Yes Bank) has been awarded dual international certification in ISO 9001:2008 and ISO 29990:2010.
Nov 22, 2016, at 11:52 pm
Bengaluru, Nov 2 (IBNS): Britannia Industries Ltd. (BIL), a food company, on Tuesday announced the launch of a state-of-the-art Research & Development Center in Bidadi, Bengaluru.
M-wallet, digital payment cos. must win customers’ trust for widespread adoption, says study
Nov 22, 2016, at 09:54 pm
New Delhi, Nov 22 (IBNS): With a view to win customers’ trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people, suggested an ASSOCHAM-RNCOS joint study.
Discovery Networks appoints Sameer Rao as VP
Nov 22, 2016, at 09:40 pm
New Delhi, Nov 22 (IBNS): In its endeavor to accelerate growth and embrace opportunities beyond linear, Discovery Networks Asia-Pacific has appointed Sameer Rao as Vice President, Real World Products-South Asia with effect from Nov 25.
Truebil launches online operations in Bangalore
Nov 22, 2016, at 09:31 pm
Mumbai, Nov 22 (IBNS): India's only curated, authentic and verified virtual marketplace for pre-owned cars, Truebil has set afloat its online operations in Bangalore.
DSP BlackRock Mutual Fund launches their new investor education website
Nov 22, 2016, at 05:20 pm
Kolkata Nov 22 (IBNS): DSP BlackRock Investment Managers Pvt. Ltd recently launched their new website ‘dspblackrock.com/learn’ to introduce retail investors to investment planning and management.
Demonetisation: Madras HC urges govt to ban INR 2000 notes
Nov 22, 2016, at 03:26 am
Chennai, Nov 21 (IBNS): The Madras High Court on Monday asked the Finance Ministry to ban the newly released INR 2000 notes, based on a PIL filed in the court, reports said.
RBI proposes gradual opening of Sharia-compliant banking finds out an RTI query
Nov 22, 2016, at 02:32 am
New Delhi, Nov 21 (IBNS): The Reserve Bank of India (RBI) in a letter to the Union Finance Ministry proposed the opening of 'Islamic window' in conventional banks for gradual introduction of Sharia-compliant banking instruments, according to media reports.
Cash crunch: RBI eases bad loan rules for small borrowers
Nov 22, 2016, at 02:11 am
New Delhi, Nov 21 (IBNS): The Reserve Bank of India on Monday provided additional 60 days time to small borrowers to repay housing, car, farm and other loans worth up to Rs 1 crore.
Tata Power's Skill Development Institute sees 83% placement within 6 months
Nov 22, 2016, at 01:57 am
Mumbai/ Kolkata, Nov 21 (IBNS): Tata Power, an integrated power company through its Corporate Social Responsibility endeavor, TPSDI (Tata Power Skill Development Institute) have placed 83% of its trainees within 6 months of Institutes inception.
Siby Sebastian appointed as CEO of SBM Bank (Mauritius) Ltd, India
Nov 22, 2016, at 01:49 am
Mumbai, Nov 21 (IBNS): The State Bank of Mauritius (SBM) Group has announced the appointment of Siby Sebastian as Chief Executive- SBM India Operations.
Sobha Group introduces opportunity to build apartments within Mohammed Bin Rashid City
Nov 22, 2016, at 01:26 am
Dubai, Nov 21 (IBNS): Sobha Group, one of the Middle East's real estate developers, has unveiled new land plots for investors within Sobha Hartland-the only fully integrated freehold community on the Dubai Water Canal and in Mohammed Bin Rashid Al Maktoum City.
Tata Motors targets 12,000 customers
Nov 22, 2016, at 12:59 am
Mumbai/Kolkata, Nov 21 (IBNS): In continuation with Tata Motors customer-centric thrust towards best customer experience of its commercial vehicle range, the company today announced its three-day Global Service Camp from Nov 21 to 23.
Nov 22, 2016, at 12:42 am
New Delhi, Nov 21 (IBNS): In order to further support farmers for the current Rabi crop, the Government on Monday said it has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations, Central or State Agricultural Universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity.
Nov 22, 2016, at 12:22 am
New Delhi, Nov 21 (IBNS): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.