Arun Jaitley inaugurates Sydney branch of Union Bank of India

Mar 29, 2016, at 09:20 pm

Sydney, Mar 29 (IBNS) Union Finance Minister Arun Jaitley, who arrived in Sydney on Tuesday on a four-day official tour of Australia, inaugurated the Sydney Branch of the Union Bank of India in Sydney on the same day.

HCL wins recognition for strategy and customer satisfaction

Mar 29, 2016, at 08:48 pm

Noida/Mumbai, Mar 29 (IBNS) HCL Technologies (HCL), a leading global IT services company, announced on Tuesday that it has been recognized as a Leader for Worldwide Application Modernization Services for Oracle Upgrades by IDC in its recently published report, “IDC MarketScape: Worldwide Application Modernization Services for Oracle Upgrades 2016 Vendor Assessment”.

Aurobindo Pharma receives USFDA approval for drug related to moderate dementia

Mar 29, 2016, at 08:16 pm

Hyderabad/Mumbai, Mar 29 (IBNS) Aurobindo Pharma Limited, which manufactures generic pharmaceuticals and active pharmaceutical ingredients, announced on Tuesday that the company has received the final approval from the US Food & Drug Administration (USFDA) to manufacture and market Rivastigmine Tartrate Capsules USP, 1.5 mg, 3 mg, 4.5 mg and 6 mg.

Reliance-Rafael joint venture to develop advanced weapon systems in India

Mar 29, 2016, at 07:46 pm

Mumbai, Mar 29 (IBNS) Reliance Infrastructure Limited, announced on Tuesday that Rafael Advanced Defence Systems Limited of Israel has decided to set up a joint venture company in India with its fully owned subsidiary, Reliance Defence Limited.

Sweden’s leader in digital banking selects TCS BaNCS for growth and transformation

Mar 29, 2016, at 07:02 pm

Stockholm/Mumbai, Mar 29 (IBNS) Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced on Tuesday that Sweden’s Länsförsäkringar Bank has selected its TCS BaNCS platform as the engine to power its future growth and transformation.

Reserve Bank asks banks conducting govt business to remain open at financial year end

Mar 29, 2016, at 06:54 pm

Mumbai, Mar 29 (IBNS) With a view to providing greater convenience to tax payers, the Reserve Bank of India has said that all designated branches of agency banks and RBI Offices conducting government business will keep their counters open for full day on March 30, 2016 and till 8pm on March 31, 2016.

Global crude oil price of Indian Basket was US$ 37.10 per bbl on Monday

Mar 29, 2016, at 05:52 pm

New Delhi, Mar 29 (IBNS) The international crude oil price of Indian Basket as published on Tuesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.10 per barrel (bbl) on Monday.

Xiaomi to launch Mi 5 in India on Mar 31

Mar 29, 2016, at 02:20 am

Beijing, Mar 28 (IBNS): Smartphone maker Xiaomi on Monday said it will release Mi 5 in India on Thursday.

Tata Sons increases stake in Air Asia India

Mar 29, 2016, at 01:32 am

Mumbai, Mar 28 (IBNS) : Tata Sons on Monday said it has entered into an agreement with Air Asia India (the company), Telestra Tradeplace (Telestra) and two of the directors of the company, being S Ramadorai (chairman) and R Venkataramanan, under which Tata Sons proposes to increase its stake in the company to 49 percent from its existing stake of 41.06 percent, by acquiring 7.94 percent equity stake from Telestra.

Indian markets end Monday on a losing note

Mar 29, 2016, at 12:45 am

Mumbai, Mar 28 (IBNS) The Indian benchmark indices ended low on Monday with the Sensex down 371.16 points at 24966.40 and Nifty down 101.40 points at 7615.10.

GVK divests 33% stake in Bangalore International Airport Limited to Fairfax Group

Mar 29, 2016, at 12:42 am

Hyderabad, Mar 28 (IBNS): GVK Power & Infrastructure Limited on Monday announced that it will divest 33% stake in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited , through their wholly-owned subsidiaries in Mauritius, for an aggregate investment of INR 21.49 billion (INR 2149 Crore) which is approximately $321 million at current exchange rates.

BHEL commissions 40 MW Hydro Power Plant in West Bengal

Mar 28, 2016, at 11:50 pm

Kolkata, Mar 28 (IBNS) Just a month after the commissioning of the first 40 MW hydro electric generating unit at the Teesta Low Dam Hydro Electric Project (HEP) Stage-IV in West Bengal, Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the second unit of the same rating at the project.

Ola partners with Bajaj Allianz General Insurance to offer easy motor insurance cover to its driver partners

Mar 28, 2016, at 10:28 pm

Bangalore, Mar 28 (IBNS): Ola, India’s leading mobile app for transportation, has partnered with Bajaj Allianz General Insurance to provide motor insurance solutions to its driver partners.

Project ‘Home for one thousand widows’ to be launched at Vrindavan

Mar 28, 2016, at 09:42 pm

Mathura/New Delhi, Mar 28 (IBNS) Women & Child Development Minister, Maneka Sanjay Gandhi will launch a project involving construction of a special 'Home for one thousand widows' at Vrindavan, Mathura (Uttar Pradesh) on Tuesday.

KFC launches the all-new 5-in-1 meal box

Mar 28, 2016, at 09:06 pm

Kolkata, Mar 28 (IBNS): KFC has launched the 5-in-1 Meal Box.

Tata Power SED , Cranfield University sign Memorandum of Understanding

Mar 28, 2016, at 09:03 pm

Mumbai/ Kolkata, Mar 28 (IBNS): Tata Power’s Strategic Engineering Division (Tata Power SED) and Cranfield University on Monday announce the signing of a Memorandum of Understanding (MoU) developing the relationship between the two organisations.

TVS Motor Company launches TVS XL 100 moped in Maharashtra

Mar 28, 2016, at 08:47 pm

Mumbai/Chennai, Mar 28 (IBNS) TVS Motor Company announced the launch of its new four stroke moped TVS XL 100 in Maharashtra on Monday.

ONGC Board approves KG basin block field development

Mar 28, 2016, at 08:29 pm

New Delhi/Mumbai, Mar 28 (IBNS) The Oil and Natural Gas Corporation Limited (ONGC) has informed that its Board, on Monday, has approved Field Development Plan (FDP) for development of Cluster 2 fields of Deep-water NELP Block KG-DWN-98/2.

Global crude oil price of Indian Basket was US$ 37.10 per bbl on Friday

Mar 28, 2016, at 06:05 pm

New Delhi, Mar 28 (IBNS) The international crude oil price of Indian Basket as published on Monday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.10 per barrel (bbl) on Friday. This was lower than the price of US$ 38.15 per bbl on Wednesday.

BHEL commissions 600 MW Thermal Unit in Telangana

Mar 25, 2016, at 09:01 pm

New Delhi, Mar 25 (IBNS) Bharat Heavy Electricals Limited (BHEL) on Friday said it has successfully commissioned a 600 MW coal-based thermal power plant in the state of Telangana.

Cabinet approves release of additional instalment of DA to central government employee

Mar 24, 2016, at 05:39 am

New Delhi, Mar 23 (IBNS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved release of an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners from Jan1, 2016.

RCOM, Aircel merger talks on track

Mar 24, 2016, at 03:30 am

Mumbai, March 23, 2016: Reliance Communications (RCOM)on Wednesday announced that based on the good progress made so far it has extended the exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private.

Mahindra reveals name of its new SUV as NuvoSport

Mar 23, 2016, at 04:56 am

Mumbai, Mar 22 (IBNS): SUV manufacturer Mahindra & Mahindra Ltd. (M&M) on Tuesday revealed the name of its new SUV as 'NuvoSport'.

Bharti Airtel launches Wi-Fi service in Victoria Memorial Hall in Kolkata

Mar 23, 2016, at 02:47 am

Kolkata, Mar 22 (IBNS): Bharti Airtel Limited on Tuesday announced the pilot launch of Wi-Fi service in Victoria Memorial Hall in Kolkata.

Tata Power bags two prestigious awards at the 55th Association of Business Communicators Awards Nite 2016

Mar 23, 2016, at 02:23 am

Mumbai/ Kolkata, Mar 22 (IBNS): Tata Power, India's largest integrated Power Company has won two prestigious communication awards at the 55th 'Association of Business Communicators of India' (ABCI) Awards Nite 2016.

Ashok Leyland Defense Systems selects Lockheed Martin for LSV,LAM vehicle programs

Mar 23, 2016, at 02:22 am

Chennai, Mar 22 (IBNS): Ashok Leyland Defense Systems (ALDS) on Tuesday said it has selected U.S. global security and aerospace company Lockheed Martin, for pursuit of its Indian Armed Forces Light Specialist Vehicle (LSV) and Light Armored Multipurpose (LAM) vehicle programs.

Mumbai Metro , RSRTC users can now pay with Ola Money

Mar 23, 2016, at 02:20 am

Bangalore, Mar 22 (IBNS): Ola Money, the popular digital payment solution from Ola, India’s leading mobile app for transportation, today announced that it has partnered with Mumbai Metro, which will enable commuters to recharge their prepaid metrocards by using the Ola Money app.

Indian benchmark indices close positive despite a day of struggle

Mar 22, 2016, at 10:26 pm

Mumbai, Mar 22 (IBNS) The Indian market managed to end Tuesday on a positive note despite a volatile day, with the Sensex up 45.12 points at 25330.49, and the Nifty up 10.65 points at 7714.90.

Petroleum ministry seek to reduce import dependence in Oil & Gas by 10%

Mar 22, 2016, at 10:19 pm

New Delhi, Mar 22 (IBNS) Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum & Natural Gas, while speaking at a function on Natural Gas Conclave in New Delhi on Tuesday, said that he is confident that the target of 10% reduction in import dependence in Oil & Gas will be achieved by 2022.

Quarterly report on Public Debt Management for October-December 2015

Mar 22, 2016, at 09:51 pm

New Delhi, Mar 22 (IBNS) According to the Quarterly Report on Public Debt Management for the Third (Q3) Quarter of FY 2015-16 (October-December 2015) released on Tuesday by the Ministry of Finance, the central Government issued Dated Securities worth Rs. 1,50,000 crore in ten tranches taking the gross borrowings from April-December of FY16 to Rs. 5,01,000 crore or 83.5 per cent of BE FY16, vis-à-vis 83.9 percent of BE FY15.