ICICI Bank launches India’s first contactless mobile payment solution

Mar 15, 2016, at 08:56 pm

Mumbai, Mar 15 (IBNS): ICICI Bank on Tuesday unveiled the country’s first contactless mobile payment solution to enable its credit and debit customers make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal.

RBI announces OMO purchase of Government of India Dated Securities

Mar 15, 2016, at 06:44 pm

Mumbai, Mar 15 (IBNS) The Reserve Bank of India (RBI), based on its current assessment of prevailing and evolving liquidity conditions, has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of Rs150 billion on Thursday (March 17, 2016) through multi-security auction using the multiple price method:

L&T Construction wins orders valued Rs 1,672 crores

Mar 15, 2016, at 06:24 pm

Mumbai, Mar 15 (IBNS) The Construction arm of Larsen & Toubro Limited (L&T Construction) has won orders worth Rs 1,672 crores across its various businesses.

Global crude oil price of Indian Basket was US$ 36.47 per bbl on Monday

Mar 15, 2016, at 05:53 pm

New Delhi, Mar 15 (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$ 36.47 per barrel (bbl) on Monday. This was lower than the price of US$ 37.33 per bbl published on Friday.

Gulf Oil inks partnership pact with MU

Mar 15, 2016, at 04:46 am

London/Mumbai, Mar 14 (IBNS): Gulf Oil Lubricants India Ltd (GOLIL) on Monday announced that its parent company Gulf Oil International, a part of the Hinduja Group, had entered into its largest ever single long term partnership with the world’s leading football club, Manchester United to become its global sponsor and official lubricant cum fuel retail partner till end of 2019 football season.

Bosch collaborates with Bharath University to launch Training Center in Chennai

Mar 15, 2016, at 12:58 am

Kolkata/Bengaluru, Mar 14 (IBNS) Bosch Limited, in collaboration with Bharath University has launched a training center in Chennai, Tamil Nadu.

Tata Motors announces ‘Geared For Great’ challenge

Mar 15, 2016, at 12:50 am

Mumbai/Kolkata, Mar 14 (IBNS): Tata Motors on Monday announced the ‘Geared For Great’ Challenge – the ultimate Endurance Run which will put its new generation vehicles to test. Beginning today, the new generation of Tata Motors passenger cars – ZEST, BOLT and the soon to be launched, TIAGO, will undergo a rigorous challenge at the Vehicle Research & Development Establishment (VRDE), in Ahmednagar.

Vodafone’s iconic pug comes back to announce ‘Vodafone SuperNet’

Mar 15, 2016, at 12:40 am

Mumbai, Mar 14 (IBNS): Vodafone India, one of India’s largest telecom service providers, today unveiled Vodafone SuperNet a seamless network experience that empowers customers to remain confidently connected at all times, for their voice and data needs.

Etihad Airways takes part in Indian aviation show

Mar 15, 2016, at 12:33 am

Hyderabad, mar 14 (IBNS) Etihad Airways is supporting India Aviation 2016 this week by proudly showcasing two of its newest aircraft – a Boeing 787 passenger jet and Boeing 777 freighter – at the country’s premier civil aviation exhibition and air show being held in Hyderabad.

Infosys organizes its second Global Hackathon

Mar 15, 2016, at 12:14 am

Mumbai, Mar 14 (IBNS) Infosys on Monday said it recently commenced the second edition of the Infosys Global Hackathon, an initiative to inculcate the culture of rapid problem-solving using technology among its employees.

ICICI Bank launches Ferrari range of credit cards

Mar 15, 2016, at 12:05 am

Mumbai, Mar 14 (IBNS): ICICI Bank on Monday announced the launch of its new range of co-branded credit cards in association with the Italian luxury sports car manufacturer, Ferrari. The Ferrari Credit Cards by ICICI Bank have been specially designed for the elite customers, who are enthusiasts of the iconic luxury brand.

WPI drops by -0.91% in February

Mar 14, 2016, at 10:53 pm

New Delhi, Mar 14 (IBNS) India’s wholesale price index (WPI) dropped by percent for the month of February, 2016, the government data revealed on Monday.

Indian benchmark indices end Monday on a positive note

Mar 14, 2016, at 10:29 pm

Mumbai, Mar 14 (IBNS) Positive global cues helped the Indian benchmark indices to begin the week on a positive note with the BSE Sensex up 86.29 points to 24804.28 and the NSE Nifty up 28.55 points to 7538.75 on Monday.

Danish NRGi selects Wipro as a strategic IT partner

Mar 14, 2016, at 09:45 pm

Bengaluru/Denmark, Mar 14 (IBNS) Wipro Limited, a global information technology, consulting and business process services company, announced on Monday that it has won a multi-year engagement with NRGi, one of the top five utility providers in Denmark.

Tata Power launches book on company's 100 years in business

Mar 14, 2016, at 09:39 pm

Mumbai, Mar 14 (IBNS) Tata Power Company Limited (Tata Power), to mark its centenary year, has launched a book titled Invisible Goodness: the story of Tata Power, authored by Anil Dharker, which chronicles the journey of one of India's oldest power companies.

Delhi-based Khaugalideals ties up with Viber for unorganized restaurant sector

Mar 12, 2016, at 09:06 pm

New Delhi, Mar 12 (IBNS) Viber Media S.a.r.l. and Khaugalideals Pvt Ltd have announced a strategic alliance that will create synergies and fund flows in the food tech and unorganized restaurant sector of India.

IMF, India to set-up SARTTAC in Delhi

Mar 12, 2016, at 08:30 pm

New Delhi, Mar 12 (IBNS) Union Finance Minister Arun Jaitley and Christine Lagarde, Managing Director, International Monetary Fund (IMF) signed a Memorandum of Understanding here on Saturday to establish a capacity development center in the national capital.

IMF quotas should reflect global economic realities: Modi

Mar 12, 2016, at 08:10 pm

New Delhi, Mar 12 (IBNS) Prime Minister Narendra Modi on Saturday said even now, IMF quotas do not reflect the global economic realities.

Penalties for wilful defaulters strengthened: RBI Governor

Mar 12, 2016, at 08:06 pm

New Delhi, Mar 12 (IBNS) Reserve Bank of India Governor Raghuram Rajan on Saturday said penalties for wilful defaulters of banks have been strengthened.

'Luminare' by Mahindra Lifespaces conferred CIDC Vishwakarma award

Mar 12, 2016, at 05:20 am

New Delhi, Mar 11 (IBNS): Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, was presented the 'Achievement Award for Construction Health, Safety & Environment' for its project Luminare at the 8th CIDC (Construction Industry Development Council) Vishwakarma Awards 2016.

Essentra extends pharmaceutical packaging footprint into India

Mar 12, 2016, at 05:12 am

Bangalore, Mar 11 (IBNS): Essentra, a leading global provider of specialist packaging and authentication solutions, has expanded its footprint and capabilities with the recent acquisition of the pharmaceutical assets of Kamsri Printing & Packaging Pvt. Ltd. in India.

NPCI awarded card protection certificate

Mar 12, 2016, at 03:19 am

Mumbai, Mar 11 (IBNS): National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in the country, has emerged as the first company in the BFSI sector to receive certificate of compliance for the Payment Card Industry-Data Security Standard's (PCI DSS) latest version 3.1.

CIBIL data reveals 25% CAGR in retail credit

Mar 12, 2016, at 02:20 am

Mumbai, Mar 11 (IBNS): Credit Information Bureau (India) Limited (CIBIL), the country’s leading credit information company, has indicated a sustained growth in the retail credit sector.

Indian benchmark indices end Friday on a positive note

Mar 12, 2016, at 12:16 am

Mumbai, Mar 11 (IBNS) Rally in crude oil prices, a recovery in Asian markets and positive data from Europe helped the Indian market to rebound with the Sensex turning around on Friday to gain 95 points and close at to 24717.99 and Nifty closing above its 7500-mark at 7510.20 (up 24 points).

HMCL inaugurates ‘Global Centre of Innovation and Technology’ (CIT) in Jaipur

Mar 11, 2016, at 09:42 pm

New Delhi, Mar 10 (IBNS) Achieving a historic landmark in its illustrious journey, Hero MotoCorp Ltd. (HMCL), the world’s largest two-wheeler manufacturer, on Friday formally inaugurated its world-class ‘Global Centre of Innovation and Technology’ (CIT) at Jaipur in Rajasthan.

TI Cycles introduces new and exciting bicycles from Ridley Bikes to India

Mar 11, 2016, at 09:41 pm

Chennai, Mar 11 (IBNS): TI Cycles of India, one of the leading bicycle manufacturers in India and a part of the Murugappa Group, on Friday launched the Belgium-based bicycle brand “Ridley” in the Indian market.

BDL pays Rs 67.62 crore interim dividend to government

Mar 11, 2016, at 09:16 pm

New Delhi, Mar 11 (IBNS) Bharat Dynamics Limited (BDL), a public sector undertaking under the Ministry of Defence, has paid an interim dividend of Rs. 67.62 crore to the Union government.

Tata Motors Group global wholesales at 99,842 nos. in February 2016

Mar 11, 2016, at 08:57 pm

Kolkata / Mumbai, Mar 11 (IBNS): The Tata Motors Group global wholesales in February 2016, including Jaguar Land Rover, were at 99,842 nos., higher by 17%, over February 2015. Cumulative wholesales for this fiscal were at 947,504 nos., higher by 8% over the last fiscal.

Enforcement Directorate summons Vijay Mallya

Mar 11, 2016, at 08:37 pm

New Delhi, Mar 11 (IBNS): On a day disgraced liquor baron and bank defaulter Vijay Mallya said he is not an 'absconder' and being an 'international businessman' he travels to and from India frequently, the Enforcement Directorate summoned him to appear before it on Mar 18.

Global Crude oil price of Indian Basket was US$ 37.01 per bbl on Thursday

Mar 11, 2016, at 07:50 pm

New Delhi, Mar 10 (IBNS) The international crude oil price of Indian Basket as computed on Friday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.01 per barrel (bbl) on Thursday. This was higher than the price of US$ 36.80 per bbl published on Wednesday.