Siemens Ltd. wins order worth Rs. 113 crore from Power Grid Company of Bangladesh Limited

Jun 08, 2016, at 11:36 pm

Mumbai, June 8 (IBNS) Siemens Ltd. announced that, together with Siemens Bangladesh Ltd., it has won an order worth approximately Rs. 113 crore from Power Grid Company of Bangladesh Limited (PGCB) to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.

IATA reappoints Jet Airways Chairman Naresh Goyal to its Board of Governors

Jun 08, 2016, at 11:01 pm

Mumbai, June 8 (IBNS): Jet Airways Chairman Naresh Goyal has been re-elected to International Air Transport Association’s (IATA) Board of Governors for a fifth successive tenure.

Benchmark indices end flat on a lacklustre day

Jun 08, 2016, at 10:36 pm

Mumbai, Jun 8 (IBNS): Indian benchmark indices ended flat on Wednesday following mixed global cues, with Sensex up 10.99 points to 27020.66 and Nifty up 6.60 points to 8273.05.

ICICI Bank launches next generation features on iMobile

Jun 08, 2016, at 09:43 pm

Mumbai, June 8 (IBNS) : ICICI Bank, India’s largest private sector bank, has added five new industry-first features on its mobile banking app, ‘iMobile’, taking the total number of services that the users can avail of to over 150.

Royal Society expands prestigious University Research Fellowships programme thanks to generous funding of £5.6M from Tata companies

Jun 08, 2016, at 09:07 pm

London/Mumbai /Kolkata, June 8 (IBNS) : The Royal Society’s prestigious University Research Fellowships (URF) scheme, which supports exceptional young scientists, is to receive a £5.6 million boost thanks to generous funding from a group of Tata companies, including Tata Sons, Jaguar Land Rover and Tata Consultancy Services (TCS). The funding will establish nine new Tata University Research Fellows in the Physical Sciences and Engineering over the next ten years, with the first Royal Society Tata University Research Fellows due to be appointed in October 2016.

Siemens wins big-ticket order from Power Grid Company of Bangladesh Limited

Jun 08, 2016, at 08:24 pm

Kolkata, Jun 8 (IBNS): Siemens Ltd announced on Tuesday that together with Siemens Bangladesh Ltd., it has won an order worth approximately Rs. 113 crore from Power Grid Company of Bangladesh Limited (PGCB) to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.

World Bank cuts 2016 global growth forecast to 2.4 percent

Jun 08, 2016, at 03:27 pm

Washington, June 8 (IBNS):The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.

Qatar’s Al Sawari Holding signs MoU during PM Modi’s Doha visit

Jun 08, 2016, at 12:37 am

Doha, June 7 (IBNS) Al Sawari Holding, one of Qatar’s leading private companies with interests across hospitality, real estate and education sectors today signed a Memorandum of Understanding (MoU) and management agreements to mark its entry into India.

Axis Bank lists Asia’s first certified Green Bond on London Stock Exchange

Jun 08, 2016, at 12:08 am

Mumbai, June 7 (IBNS): Axis Bank, India’s leading private sector bank, opened trade at London on Monday to celebrate the bank’s landmark issuance of Asia’s first internationally listed certified green bond on London Stock Exchange. The bond, certified by the Climate Bonds Standards Board, raised USD 500 million.

Microsoft launches Cyber Security Engagement Center in India

Jun 07, 2016, at 11:22 pm

New Delhi/ Kolkata, June 7 (IBNS): Deepening its commitment to enhancing cybersecurity, Microsoft has announced the opening of its Cyber Security Engagement Center (CSEC) in Gurgaon, India.

Sensex ends above 27000 first time since October 2015

Jun 07, 2016, at 10:39 pm

Mumbai, Jun 7 (IBNS): The market on Tuesday posted strong gains owing to positive global cues and after the Reserve Bank of India as expected maintained its interest rate at 6.5 per cent during the second monetary policy review on the same day.

Apex bank to watch developments in the months ahead says RBI governor

Jun 07, 2016, at 07:40 pm

Mumbai, Jun 7 (IBNS): Reserve Bank of India Governor Raghuram Rajan said the central bank would watch macroeconomic and financial developments in the months ahead with a view to responding as space opens up, while he was addressing the media on Tuesday.

RBI indicates risks to inflation on the upside

Jun 07, 2016, at 07:38 pm

Mumbai, Jun 7 (IBNS): During the second bi-monthly monetary policy review on Tuesday, the Reserve Bank of India (RBI) indicated that the risks to inflation were on the upside, according to media reports.

RBI keeps benchmark repo rate unchanged

Jun 07, 2016, at 05:05 pm

Mumbai, June 7 (IBNS) : Reserve Bank Governor Raghuram Rajan on Tuesday kept the benchmark repo rate unchanged at a five-year low of 6.5 per cent, reports said.

BSNL offers special combo voucher for Ramzan

Jun 07, 2016, at 02:18 am

Kolkata, June 6 (IBNS) Telecom service provider BSNL offers promotional combo voucher 786 during the holy month Ramzan festival.

Markets end lower owing to profit booking

Jun 07, 2016, at 01:33 am

Mumbai, Jun 6 (IBNS): Indian markets ended lower on Monday, albeit marginally, following profit booking by investors late in the day, with the Sensex down 65.58 points to 26777.45 and Nifty down 19.75 points to 8201.05.

NHS Chairman brings British Smart Healthcare providers to India

Jun 06, 2016, at 11:52 pm

New Delhi, June 6 (IBNS) A high powered trade mission will bring the best of British expertise in innovative healthcare solutions to India from June 6 - 8.

Lux Industries Ltd announces 5-for-1 stock split

Jun 06, 2016, at 11:47 pm

Kolkata/Mumbai, June 6 (IBNS): Lux Industries Ltd with a current market capitalization at Rs. 1,721.75 crores, manufacturing more than 100 products across 12 major brands comprising a complete range of innerwear for men, women, and children, today announced a stock split to be effective, of the face value of Rs. 10 each into Rs. 2 each per equity share in a 5-for-1 stock split, in compliance with applicable provisions of the Companies Act, and other applicable provisions.

Heads of Indian missions in seven countries visit Mahindra World City

Jun 06, 2016, at 11:35 pm

Jaipur, June 6 (IBNS): Mahindra World City Jaipur Ltd (MWC Jaipur), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), recently hosted a delegation of Indian diplomats deputed in seven different nations.

Vodafone engages India to #BeSUPER across IPL

Jun 06, 2016, at 11:20 pm

Mumbai June 6 (IBNS): The recently concluded Vivo IPL 2016 offered another reason to believe that Vodafone and the Indian Premier League have created a special bond with sports lovers and consumers alike.

Tata Steel inaugurates ‘High Wall Mining’ at West Bokaro Division

Jun 06, 2016, at 11:19 pm

Jharkhand/ Kolkata, June 6 (IBNS) : West Bokaro Divison, Tata Steel on Monday inaugurated ‘High Wall Mining’, a unique initiative in India.

Sun Pharma announces divestment of US manufacturing units

Jun 05, 2016, at 05:25 am

Mumbai, June 4 (IBNS): Sun Pharma on Saturday announced that as a part of its manufacturing consolidation in the US, one of its wholly owned subsidiaries has entered into an agreement with Frontida BioPharm, Inc. for divestment of its two oral solid dosage manufacturing facilities located at Philadelphia, PA, and Aurora, IL both in the US, along with 15 related pharmaceutical products.

Markets end on a flat note

Jun 03, 2016, at 11:36 pm

Mumbai, Jun 3 (IBNS) Despite rising to its seven-month high intraday, the markets closed on a flat note on Friday owing to profit booking late in the day.

Idea launches its 100th company retail store in India

Jun 03, 2016, at 11:33 pm

New Delhi June 3 (IBNS) : Marking a milestone in setting up the company owned stores, Idea Cellular; a leading and the fastest growing telecom operator, today inaugurated its 100th Company Retail Store (CRS) in Mylapore, Chennai. With this, Idea is well on its way to double the count of CRS across the country by the end of FY17.

Ola introduces new mobile app to empower entrepreneurs on its platform

Jun 03, 2016, at 10:14 pm

Mumbai, June 3 (IBNS): Ola, India’s most popular mobile app for transportation, today announced the launch of a first of its kind mobile technology solution with its new ‘Ola Operator’ app – built for entrepreneurs who have grown from one car to many on the Ola platform over the years, as well as operators who own cars, but employ drivers, to work on the platform.

Frost, Sullivan India ICT Awards recognises Vodafone’s leadership in the enterprise segment

Jun 03, 2016, at 09:44 pm

Mumbai, June 3 (IBNS) : Vodafone Business Services (VBS), the enterprise arm of Vodafone India, claims top honors at the Frost & Sullivan India ICT Awards 2016.

NMDC likely to buy back shares

Jun 03, 2016, at 07:46 pm

Mumbai, Jun 3 (IBNS) Shares of mining company NMDC surged in the early hours of trade on Friday after the news that the company has scheduled a board meeting next week to consider a proposal to buy back the company's shares, according to media reports.

RBI asks banks to boost their cyber security framework

Jun 03, 2016, at 07:31 pm

Mumbai, Jun 3 (IBNS) The Reserve Bank of India (RBI) notified all scheduled commercial banks (excluding regional rural banks) that they should immediately put in place a cyber-security policy elucidating the strategy containing an appropriate approach to combat cyber threats given the level of complexity of business and acceptable levels of risk, duly approved by their Board.

India's largest first-time share sale in recent years likely soon

Jun 03, 2016, at 06:56 pm

Mumbai, Jun 3 (IBNS) ICICI Prudential Life Insurance Company, India's largest private-sector life insurer, is likely to announce an initial public offering (IPO) of rupees 60 billion, reported Bloomberg on Thursday based on information from people familiar with the matter.

Facebook CEO Mark Zuckerberg chats with astronauts at ISS live

Jun 03, 2016, at 06:53 pm

California, Jun 3 (IBNS) Facebook co-founder and CEO, Mark Zuckerberg on Wednesday chatted live with astronauts stationed at the International Space Station through Facebook live.