N. Chandrasekaran appointed Chairman of Tata Sons
Jan 13, 2017, at 01:46 am
Mumbai, Jan 12 (IBNS): The Board of Directors of Tata Sons, at its meeting on Thursday, appointed N. Chandrasekaran as Executive Chairman.
Mahindra Lifespaces to foray into Gujarat with new industrial park near Ahmedabad
Jan 13, 2017, at 12:47 am
Mumbai/Ahmedabad, Jan 12 (IBNS): Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the USD 17.8 billion Mahindra Group, on Thursday announced that it has signed an MoU with the Government of Gujarat, through a 100% subsidiary, to establish a 350-acre (approx.), multi-product industrial park near Ahmedabad.
Indian market gains on Thursday, TCS reports net profit of $1 billion for Q3
Jan 12, 2017, at 10:00 pm
Mumbai, Jan 12 (IBNS): The Indian market ended higher on Thursday with BSE Sensex up 106.75 points at 27247.16 and NSE Nifty up 26.55 points at 8407.20.
Jet Airways introduces direct daily flight between Mangaluru and Delhi
Jan 12, 2017, at 09:57 pm
Mangaluru, Jan 12 (IBNS): Jet Airways will introduce a new daily service between Mangaluru and New Delhi, offering business travellers from the South Indian port city and commercial hub connectivity with the national capital.
Jan 12, 2017, at 01:37 am
Mumbai, Jan 11 (IBNS): Consumer loan demand for two-wheeler and consumer durable loans have seen significant drops since the Nov 8, 2016 demonetization announcement, according to a new analysis by TransUnion CIBIL.
Currency Ban: Arun Jaitley says that difficult decisions initially pass through difficult phases
Jan 12, 2017, at 01:00 am
Gandhinagar, Jan 11 (IBNS): Union Finance Minister Arun Jaitley on Wednesday reiterated the advantage of taking bold and courageous decisions to transform Indian economy.
Peps Industries launches 125th Great Sleep Store in Tamil Nadu
Jan 12, 2017, at 12:58 am
Kumbakonam, Jan 11 (IBNS): Peps Industries, a spring mattress manufacturing company, marked the launch of its 125th exclusive showroom- Great Sleep Store at Kumbakonam.
Real estate, infrastructure investment trusts could raise Rs 50K crore: ASSOCHAM-Crisil
Jan 11, 2017, at 09:59 pm
New Delhi, Jan 11 (IBNS): The real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near term given the interest shown by certain players in the infra and real estate space, noted a recent ASSOCHAM-Crisil joint study.
Indian market gain on Wednesday, World Bank estimates 2017 global growth to rise 2.7 per cent
Jan 11, 2017, at 09:44 pm
Mumbai, Jan 11 (IBNS): The Indian market closed on positive note on Wednesday with BSE Sensex up 240.85 points at 27140.41 and NSE Nifty up 92.05 points at 8380.65.
Magicbricks launches PropWorth 3.0
Jan 11, 2017, at 09:33 pm
Kolkata, Jan 11 (IBNS): The real estate sector in India is going through an evolution and is moving towards growth and transparency.
ICICI Bank executes India’s 1st digitised invoice discounting on RXIL
Jan 11, 2017, at 09:30 pm
Mumbai, Jan 11 (IBNS): ICICI Bank Ltd, India’s largest private sector bank by consolidated assets, announced that it has successfully executed the country’s first digitised invoice discounting transaction on the “Receivables Exchange of India Limited†(RXIL), India’s first TReDS (Trade Receivables Discounting System) exchange.
ABB wins INR 4350 crore deal for long distance power transmission link in India
Jan 11, 2017, at 01:00 am
Bengaluru, Jan 10 (IBNS): ABB has teamed up with India's national electricity grid operator Power Grid Corporation of India Limited (POWERGRID) in a mega project worth over INR 4350 crore for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people.
Jan 10, 2017, at 10:56 pm
New Delhi, Jan 10 (IBNS): Airline major Vistara, which carries the legacy of two iconic brands – Tata Sons and Singapore Airlines -has marked two years of successful operations on Monday.
Indian benchmark indices gain on Tuesday
Jan 10, 2017, at 09:20 pm
Mumbai, Jan 10 (IBNS): The Indian market perked up on Tuesday following investor interest in auto, infra and oil stocks and closed on positive note, media reported.
Hyderabad based Fintech Company InstaEMI.com expands services to all metro cities
Jan 10, 2017, at 04:02 am
Hyderabad, Jan 9 (IBNS): Hyderabad based Fintech firm- InstaEMI.com on Monday announced to expand its operations to all Metro cities –New Delhi, Mumbai, Pune and Kolkata in the country this month.
Bank of Baroda cuts rate of interest on Home Loans to 8.35%
Jan 09, 2017, at 11:34 pm
New Delhi, Jan 9 (IBNS): Subsequent to reduction of bench mark lending rates i.e, MCLR rates by 55 bps to 75 bps across all tenors w.e.f. 07th January 2017, Bank of Baroda, India’s leading Public Sector Bank has reduced the rate of interest on Home Loans substantially by 70bps w.e.f. 07th January 2017.
Over 69 million consumers shopped online in 2016: ASSOCHAM-Resurgent study
Jan 09, 2017, at 11:07 pm
New Delhi, Jan 9 (IBNS): In 2016, about 69 million consumers purchased online and the number is expected to cross 100 million by 2017 with the rise of digital natives, better infrastructure in terms of logistics, broadband and Internet-ready devices to fuel the demand in e-Commerce, according to an ASSOCHAM-Resurgent India study.
Bengal Chamber organises B2B meeting with Indo-Canada Chamber of Commerce
Jan 09, 2017, at 10:53 pm
Kolkata, Jan 9 (IBNS): The Bengal Chamber on Friday organized a B2B meeting with the delegation of The Indo-Canada Chamber of Commerce here.
Indian equity benchmark indices decline on Monday
Jan 09, 2017, at 10:29 pm
Mumbai, Jan 9 (IBNS): The Indian market ended lower on Monday with BSE Sensex down 32.68 points at 26726.55 and NSE Nifty down 7.75 points to 8236.05.
Indirect, direct tax collection up despite demonetisation says Finance Minister Arun Jaitley
Jan 09, 2017, at 08:24 pm
New Delhi, Jan 9 (IBNS): Union Finance Arun Jaitley said on Monday that indirect and direct tax collection has gone up during the first three quarters of the current fiscal despite demonetisation in November, according to media reports.
Petrol pumps won't accept card payments from Monday
Jan 09, 2017, at 04:34 am
New Delhi, Jan 8 (IBNS): In a major development, two petroleum dealer associations have decided not to accept card transaction at petrol pumps from Monday.
Agent, sales person least trustworthy for those buying insurance: ASSOCHAM study
Jan 08, 2017, at 01:30 am
New Delhi, Jan 7 (IBNS): Insurance agent is taken as the least trustworthy source in the sales process of an insurance policy across different policy segments both among the financially literate and financially non-literate consumers, an ASSOCHAM study has found.
Growth will be lower because of demonetisation: Chidambaram
Jan 07, 2017, at 09:33 pm
New Delhi, Jan 7 (IBNS): Congress leader P Chidambaram on Saturday attacked the Centre over the note ban issue and said the move will lower India's growth.
India's GDP growth estimated at 7.1 per cent in 2016-17 compared to 7.6 per cent in 2015-16
Jan 07, 2017, at 09:31 pm
New Delhi, Jan 7 (IBNS): India's GDP growth during 2016-17 is estimated at 7.1 per cent compared to the growth rate of 7.6 per cent in 2015-16, reported the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, in its First Advance estimates of national income, 2016-17, published on Friday.
Web portal for religious services launched in India
Jan 07, 2017, at 05:48 pm
New Delhi, Jan 7 (IBNS): VedicBrahman.com, a web portal to cater to the religious services, has recently been launched to address the need for genuine practitioners of vedic rituals.
Vodafone SuperNet 4G launched in Guwahati
Jan 07, 2017, at 04:12 am
Guwahati, Jan 6 (IBNS): Vodafone India, one of India’s leading telecommunication services providers, has announced the launch of its Vodafone SuperNetTM 4G service in Assam.
Kotak Mahindra Bank partners Blind Welfare Organisation for 'National Blind Cricket Tournament 2017'
Jan 07, 2017, at 03:48 am
Kolkata, Jan 6, (IBNS): Kotak Mahindra Bank (Kotak) and Blind Welfare Organisation (BWO), on Friday, announced the dates of the National Blind Cricket Tournament being held from Jan 11-13 at Islam Gymkhana and Wilson Gymkhana at Marine Drive in Mumbai.
Amway India completes a hat trick by winning Adam Smith Asia Award in 2016
Jan 07, 2017, at 01:00 am
Mumbai, Jan 6 (IBNS): Amway India, a direct selling company and a wholly owned subsidiary of Amway USA, has been awarded the overall winner of the Judges' Choice Award in the Adam Smith Awards Asia 2016.
GDP growth to fall at 7.1%, estimates govt
Jan 06, 2017, at 11:19 pm
New Delhi, Jan 6 (IBNS): The Indian government on Friday said the country's Gross Domestic Product is estimated to stand at 7.1 per cent as compared to the growth rate of 7.6 per cent in 2015-16.
Indian benchmark indices decline on Friday, SC refuses urgent hearing on Budget postponement plea
Jan 06, 2017, at 09:50 pm
Mumbai, Jan 6 (IBNS): The Indian market, which almost touched its two-month high level in the previous session, declined on Friday largely due to profit booking and low performance by IT stocks, according to media reports.