India's November industrial production growth slumps to 0.5 percent in November
Jan 11, 2019, at 06:15 pm
New Delhi, Jan 11 (IBNS): India's factory production decelerated in November and marked a rise of only 0.5 percent, official data released on Friday said.
Airlines major Etihad announces global sale
Jan 11, 2019, at 05:29 pm
Mumbai, Jan 11 (IBNS): Etihad Airways, the national airline of the United Arab Emirates, on Friday announced its global sale. Guests flying from India to Abu Dhabi, United States, Europe, Canada, Australia and Africa can plan their travels for the new year with these special fares, exclusively available on Etihad.com for the first two days, following which the discounted fares will be available on all platforms.
Arun Jaitley announces doubling of tax exemption limit for small businesses
Jan 10, 2019, at 04:44 pm
New Delhi, Jan 10 (IBNS): In a bid to woo a certain section of the people ahead of the 2019 General Elections, the central government on Thursday announced a doubling of tax exemption limit for all small businesses, media reports said.
Airbus delivers 800 commercial aircraft to 93 customers in 2018
Jan 10, 2019, at 02:18 pm
Leiden (Netherlands), Jan 10 (IBNS): Airbus SE (stock exchange symbol: AIR) delivered 800 commercial aircraft to 93 customers in 2018, meeting its full year delivery guidance and setting a new company record. Deliveries were 11 percent higher than the previous record of 718 units, set in 2017. For the 16th year in a row now, Airbus has increased the number of commercial aircraft deliveries on an annual basis.
Jan 09, 2019, at 06:24 pm
Kolkata, Jan 9 (IBNS): Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) recently inked a Corporate Agency agreement with Repco Home Finance Limited (Repco) to deliver General Insurance products to Repco customers.
India will accelerate to 7.3 percent in FY 2018/19: World Bank
Jan 09, 2019, at 09:40 am
Washington, Jan 9 (IBNS): The World Bank on Tuesday projected that India will accelerate to 7.3 percent in FY 2018/19.
Global economy to slow to 2.9 percent in 2019 as trade, investment weaken: World Bank
Jan 09, 2019, at 09:32 am
Washington, Jan 9 (IBNS): Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday. International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures.
Bengal Chamber, CENERS-K jointly organise seminar on cyber terrorism in Kolkata
Jan 09, 2019, at 12:16 am
Kolkata, Jan 8 (IBNS): To address the threat of Cyber terrorism and the Economy, a daylong Seminar on “Cyber Terrorism and the Economy- A Gathering Storm” will be held in Kolkata on Jan 16.
Jaguar Land Rover India announces 16 percent increase in sales in CY 2018
Jan 08, 2019, at 07:21 pm
Mumbai, Jan 8 (IBNS): Jaguar Land Rover India on Tuesday said it has announced a growth of 16 percent for the period January to December 2018.
RBI appoints Aadhar architect Nandan Nilekani as chairman of digital payments panel
Jan 08, 2019, at 05:20 pm
Mumbai, Jan 8 (IBNS): The Reserve Bank of India on Tuesday said Infosys co-founder Nandan Nilekani, the architect of Aadhaar card, has been appointed as the chairman of the committee formed by it to assess the digitisation of payments in the country.
Infosys co-founder Nandan Nilekani to head Reserve Bank of India's committee on digital payments
Jan 08, 2019, at 04:24 pm
Mumbai, Jan 8 (IBNS): In a major move, the Reserve Bank of India on Tuesday appointed Infosys co-founder Nandan Nilekani as the chairman of a committee that will assess the digitisation of payments in India.
Improving India’s electricity sector through day-ahead market pricing needed: IEEFA
Jan 08, 2019, at 02:49 pm
New York, Jan 8 (IBNS): With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing day-ahead market pricing for both producers and consumers.
India takes over operations of part of Chabahar Port in Iran
Jan 08, 2019, at 09:30 am
New Delhi, Jan 8 (IBNS): The Government of India took over the operations of a part of Shahid Beheshti Port, Chabahar in Iran during the Chabahar Trilateral Agreement meeting held there on the Dec 24.
SAIL expected to supply 10 lakh tonnes of steel for railways track in 2018-19
Jan 07, 2019, at 07:27 pm
New Delhi, Jan 7 (IBNS): Steel Authority of India Limited (SAIL) expects to supply 10 lakh tonnes of steel in 2018-19 and 12 lakh in 2019-20 to the Indian Railways for doubling of rail lines, gauge conversion, new lines and track renewal works.
Shell launches second cohort of start-ups under its E4 Programme
Jan 07, 2019, at 07:24 pm
Kolkata / Bengaluru, Jan 7 (IBNS): Riding on the success of the first cohort of the E4 (Energizing and Enabling Energy Entrepreneurs) programme in 2018, Shell has announced its second cohort of start-ups under the E4 aegis, to further strengthen its position as a partner of choice for energy-sector entrepreneurs in the country.
SAIL expected to supply 10 lakh tonnes of steel for railways track in 2018-19
Jan 07, 2019, at 07:16 pm
New Delhi, Jan 7 (IBNS): Steel Authority of India Limited (SAIL) expects to supply 10 lakh tonnes of steel in 2018-19 and 12 lakh in 2019-20 to the Indian Railways for doubling of rail lines, gauge conversion, new lines and track renewal works.
-1546866988.jpg "Direct Tax collections for F.Y. 2018-19 up by 14.1%: Officials")
Direct Tax collections for F.Y. 2018-19 up by 14.1%: Officials
Jan 07, 2019, at 06:46 pm
New Delhi, Jan 7 (IBNS): The provisional figures of Direct Tax collections up to December, 2018 show that gross collections are at Rs. 8.74 lakh crore which is 14.1% higher than the gross collections for the corresponding period of last year, official data released on Monday said.
India's GDP estimated to grow at 7.2 per cent in 2018-19: Officials
Jan 07, 2019, at 06:43 pm
New Delhi, Jan 7 (IBNS): India's Gross Dometic Product will grow at a rate of 7.2 per cent in 2018-2019 session, official data released on Monday said.
-1546865877.jpg "Volkswagen makes its ownership experience more affordable by reducing the total cost of ownership across its carlines")
Jan 07, 2019, at 06:28 pm
Kolkata, Jan 7 (IBNS): Automobile giant Volkswagen on Monday reinstated its commitment to the Indian market by offering affordable ownership experience across its carlines.
Uber strengthens India leadership, appoints Pavan Vaish as the new Head of Central Operations
Jan 07, 2019, at 06:18 pm
Kolkata, Jan 7 (IBNS): Uber,an on-demand ride-sharing company, on Monday announced the appointment of Pavan Vaish as the new Head of Central Operations. Pavan joins Uber with over 25 years of experience in building and leading global technology businesses.
We believe liquidity needs are largely met: RBI Governor Shaktikanta Das
Jan 07, 2019, at 04:20 pm
Mumbai, Jan 7 (IBNS): RBI governor Shaktikanta Das on Monday said steps will be taken if there is a liquidity shortage in the economy.
Companies likely to seek extension of FDI rules deadline for e-commerce
Jan 05, 2019, at 12:32 pm
Mumbai, Jan 5 (IBNS): Several online companies, including Flipkart, are likely to seek an extension of the deadline to follow the recent changes in the Foreign Direct Investment (FDI) rules for e-commerce, media reports said.
Fifteenth Finance Commission to visit Odisha
Jan 04, 2019, at 06:29 pm
New Delhi, Jan 4 (IBNS): The Fifteenth Finance Commission led by its Chairman, N.K. Singh will visit the State of Odisha from Jan 8 to 11, officials said.
LIC shows profit of Rs.26,147.52 crore in FY 2017-18: Shukla
Jan 04, 2019, at 06:17 pm
New Delhi, Jan 4 (IBNS): Life Insurance Corporation of India (LIC)t has realised a profit of Rs.20,269.47 crore and Rs.26,147.52 crore in the financial years 2016-17 and 2017-18 respectively, minister said on Friday.
Different Income Heads Taxable Under the Income Tax Act
Jan 04, 2019, at 11:42 am
There are five different heads on income described under the Income Tax Act 1961, which cover every taxable source of income in India and help consolidate them. At the end of each year, you have to classify your annual earnings under these heads and calculate the amount of tax payable by you.
Now is the Perfect Time to Buy Gold – Here’s Why
Jan 04, 2019, at 11:27 am
Gold is historically viewed as an investment hedge that stays strong even as inflation ravages the economy. Most investors think of it as an insurance policy when bad times roll, as fiat currency and other assets waver in difficult times. The current geopolitical climate has only consolidated the status of gold as a robust safe haven asset.
India merger and acquisitions reached all time high in 2018: Thomson Reuters Data
Jan 04, 2019, at 11:14 am
Mumbai, Jan 4 (IBNS) The value of announced mergers & acquisitions (M&A) deals involving Indian companies reached US$129.4 billion in 2018, a 104.5% increase in value from last year, surpassing the annual record set in 2007 (US$67.4 billion), according to Thomson Reuters India M&A data for 2018.
Hero Motocorp crosses 8 million sales mark in calendar year
Jan 02, 2019, at 06:44 pm
New Delhi, Jan 2 (IBNS): Automobile giant Hero MotoCorp, the world’s largest two-wheeler manufacturer, capped-off the Calendar Year (CY) 2018 with yet another significant benchmark, by selling a record 8,039,472 units of motorcycles and scooters in the January-December period.
Expert Speak: Choosing the First Job
Jan 02, 2019, at 11:24 am
Debasish Dutta, Managing Partner & CEO, Orange Corp, Global with business interests in venture capital, Artificial Intelligence, Film production among others across Europe, USA and Asia in a conversation with Subhojit Roy, Co-founder of Connections PR, outlines the requirements and goals that a new entrant in the job market should consider.
Urjit Patel had been wanting to resign for 6-7 months: PM Modi
Jan 01, 2019, at 09:19 pm
New Delhi, Jan 1 (IBNS): Prime Minister Narendra Modi on Tuesday said former RBI governor Urjit Patel had been wanting to resign for six or seven months before he actually did.