Tata Sons says it is in preliminary talks with Jet Airways

Nov 16, 2018, at 06:06 pm

New Delhi, Nov 16 (IBNS):  Tata Sons, the holding company of Tata Group, on Friday clarified that it is in preliminary talks with Jet Airways and no proposal to acquire a stake in the carrier has been made so far.

Infosys announces Jayesh Sanghrajka as interim CFO

Nov 15, 2018, at 07:19 pm

Bengaluru/Kolkata, Nov 15 (IBNS):  Infosys announced that the Board of Directors at its meeting on Thursday appointed Jayesh Sanghrajka as the interim Chief Financial Officer (“CFO”) and Key Managerial Personnel of the Company with effect from Nov 17. 

ICICI Bank raises retail term-deposit interest rates by upto 25bps

Nov 14, 2018, at 06:35 pm

Mumbai, Nov 14 (IBNS): ICICI Bank on Wednesday announced an increase in interest rates of term-deposits of less than Rs 1 crore by upto 25 basis points.

Binny Bansal quits as Flipkart CEO over "personal misconduct" charge

Nov 13, 2018, at 05:56 pm

New Delhi, Nov 13 (IBNS):  Binny Bansal announced his resignation as CEO of Flipkart Groupon Tuesday, officials said.

Drug regulator issues notice to Amazon, Flipkart for alleged sale of spurious cosmetics

Nov 13, 2018, at 01:31 pm

New Delhi, Nov 13 (IBNS) :  India’s premier drug and cosmetics agency, Drug Controller General of India (DCGI) has issued notices to e-commerce giants  Flipkart and  Amazon warning against the alleged sell of "spurious and adulterated" cosmetics including imported brands, and sought a reply within ten days, media reports said.

Total mobile spending by Indian shoppers estimated to grow by 93% by 2020, says PayPal IPSOS Report

Nov 12, 2018, at 07:34 pm

Mumbai/Kolkata, Nov 12 (IBNS): PayPal, the world’s leading digital payments provider and Ipsos, on Monday released the 4th Annual PayPal IPSOS Cross-Border Consumer Research 2018.

Kotak introduces limited edition Ranveer Singh debit card

Nov 12, 2018, at 07:28 pm

Kolkata, Nov 12 (IBNS):  Kotak Mahindra Bank (Kotak) on Monday announced the launch of a limited edition debit card featuring its brand ambassador - Ranveer Singh.

Tata Motors Group global wholesales at 1,09,597 in October 2018

Nov 12, 2018, at 07:13 pm

Mumbai, Nov 11 (IBNS): Automobile major The Tata Motors Group on Monday said its global wholesales in October 2018, including Jaguar Land Rover, were at 1,09,597 nos., higher by 6%, as compared to October 2017.

IIP grows marginally to 4.5% in September, says government data

Nov 12, 2018, at 06:37 pm

New Delhi, Nov 12 (IBNS): India's Industrial production move up by 4.5 percent in September, official data released on Monday said.

October CPI inflation stands at 3.31 pct

Nov 12, 2018, at 06:28 pm

New Delhi, Nov 12 (IBNS): India's October retail inflation stood at  3.31 per cent from a rise of 3.70 per cent in September, as per government data released on Monday.

Maruti Suzuki recalls Ciaz for replacement of speedometer assembly

Nov 12, 2018, at 01:48 pm

New Delhi, Nov 12 (IBNS) : Maruti Suzuki has announced a service campaign to replace the speedometer and the owner’s manual for the Ciaz diesel in Zeta and Alpha trim.

India’s food retail market may attract investment USD 827 bln by 2023: study

Nov 11, 2018, at 06:50 pm

New Delhi, Nov 11 (IBNS):  India’s food retail market is expected to touch USD 827 billion by 2023, up from USD 487 billion in 2017, growing at a compound annual growth rate (CAGR) of 9.23%, with recent reforms making the sector more competitive and market oriented, according to an ASSOCHAM-TechSci Research consulting joint study.  

GAIL fast tracks North East feeder gas pipeline project

Nov 08, 2018, at 03:08 pm

New Delhi, Nov 8 (IBNS): GAIL (India) Limited Monday announced award of contract for the purchase of 616 km of line pipe worth Rs. 1,100 crore for the Barauni -Guwahati pipeline, putting on fast track project execution of the crucial 729 km feeder line linking North East India with the Pradhan Mantri Urja Ganga pipeline network.

Demonetisation has ensured more revenue and better quality of life : Arun Jaitley

Nov 08, 2018, at 12:40 pm

New Delhi, Nov 8 (IBNS) : On the second anniversary of demonetisation, which drew sharp criticism from the opposition as well as a section of economists, Union Finance Minister Arun Jaitley on Thursday said it has led to "more revenue, better infrastructure and better quality of life" for the people.

JSW Group commences reconstruction of Adi Shankaracharya Samadhi at Kedarpuri

Nov 07, 2018, at 04:32 pm

Kedarnath, Nov 7 (IBNS): JSW Group Chairman Sajjan Jindal on Wednesday performed the ground-breaking ceremony to commence reconstruction of Adi Shankaracharya Samadhi at Kedarpuri in Uttrakhand.

Tata Motors and Gulf Oil inked an agreement to launch a co-branded lubricant range for its passenger vehicles in India

Nov 05, 2018, at 05:01 pm

Mumbai, Nov 5 (IBNS): Tata Motors and Gulf Oil Lubricants India Limited (GOLIL), on Monday officially signed an agreement to launch a range of co-branded lubricants for its passenger vehicle segment in India.

Govt. expenditure presents $3 bn approx. potential for homeland security sector for 2018-19: ASSOCHAM-KPMG study

Nov 05, 2018, at 03:28 pm

New Delhi, Nov  5 (IBNS): Capital expenditure by central and state government agencies on homeland security presents potential of USD 2.73 billion for the year 2018-2019, noted a just-concluded ASSOCHAM-KPMG joint study.

Tata Motors launches the iconic duo, Tata Nexon and Tata Hexa in Tanzania

Nov 03, 2018, at 05:19 pm

Dar Es Salaam, Nov 2 (IBNS): Automobile major Tata Motors, along with its distributor, Tata Africa Holdings (Tanzania) Limited (TAHTL) announced the commercial launch of their iconic vehicle duo, the stylish compact SUV - Tata NEXON and the lifestyle vehicle - Tata HEXA.

Volkswagen celebrates its 10th year of Association with Tanya Cars Private Ltd. in Jaipur

Nov 02, 2018, at 06:46 pm

Jaipur, Nov 2(IBNS): In its fourth celebration of 2018, Volkswagen, Europe’s leading car manufacturer, announced the 10th year anniversary of association with Tanya Cars Pvt. Ltd. 

Nissan India adds festive cheer with attractive offers

Nov 02, 2018, at 06:04 pm

Kolkata / New Delhi, Nov 2 (IBNS): To celebrate the festive season, Nissan Motor India Pvt. Ltd. has announced a host of exciting offers wherein a customer can enjoy benefits like exchange bonus, an assured gold coin and insurance at the rate of Rs 1 on all Nissan models.

India moves up 23 places in global Ease of Doing Business rankings

Oct 31, 2018, at 10:32 pm

New Delhi, Oct 31 (IBNS): Bringing some good news, India has jumped 23 places to 77th rank in the global Ease of Doing Business rankings.

Eight core sectors record 4.3% growth in September

Oct 31, 2018, at 06:07 pm

New Delhi, Oct 31 (IBNS): The  Indian Eight Core Industries marked a 4.3 per cent higher as compared to the index of September, 2017, an official data released by the government on Wednesday. 

Mercedes-Benz redefines open-top motoring, launches the fascinating C-Class Cabriolet

Oct 31, 2018, at 05:55 pm

Kolkata, Oct 31 (IBNS): India’s largest luxury car manufacturer, Mercedes-Benz on Wednesday announced an exciting addition to its Dream Car portfolio – the new C-Class Cabriolet. With this new sporty two-door Cabriolet, Mercedes-Benz India also introduces a completely new BS VI petrol engine.

RBI' autonomy an essential, accepted governance requirement : Finance Ministry

Oct 31, 2018, at 03:48 pm

New Delhi, Oct 31 (IBNS) : The Finance Ministry on Wednesday issued a statement, saying the  Reserve Bank of India's  autonomy is “an essential and accepted governance requirement”.

Autonomy of Reserve Bank is 'essential', says Centre

Oct 31, 2018, at 03:45 pm

New Delhi, Oct 31 (IBNS):  The Indian government on Wednesday said the autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement. 

The 1st Tata Harrier rolls out from its all- new assembly line in Pune

Oct 30, 2018, at 07:07 pm

Mumbai, Oct 30 (IBNS): Tata Motors on Tuesday officially announced the roll out of the 1st Harrier from its all-new manufacturing line.

Jet Airways introduces five new routes, to operate 132 new weekly services this winter

Oct 30, 2018, at 05:58 pm

Mumbai, Oct 30 (IBNS): Jet Airways, India’s premier, full-service international airline, on Tuesday said it will introduce two new international routes this winter, adding to its already extensive global network, besides reinforcing two existing routes with additional frequencies to meet growing travel demand.

Indian construction equipment sector grew 24% in FY18: ASSOCHAM-Feedback study

Oct 29, 2018, at 03:12 pm

New Delhi, Oct 29 (IBNS): The demand for Indian Construction Equipment (ICE) grew by 24% in FY 2017-18, up from 13% in FY 2015-16, and the sector crossed 90,000 units for the first time due to increase in infrastructure expenditure, according to an ASSOCHAM-Feedback consulting joint study.

Italian firm Sideridraulic to collaborate further with Indian metal companies

Oct 27, 2018, at 04:58 pm

Kolkata/Mumbai, Oct 27 (IBNS): With competition hotting up in the Indian steel and aluminium sectors, private companies stand to gain from business associations with Italian engineering major Sideridraulic Spa, which entered the Indian market by opening a branch in Mumbai, the company said recently.

Bengal's frozen desert brand Milkberry ties up with Bizdev of Italy

Oct 27, 2018, at 03:03 pm

Kolkata, Oct 27 (IBNS) Bengal's homegrown frozen desert brand- Milkberry from the stable of Rainbow Dairy Food Product, on Saturday, joined hands with Bizdev, Italy, with the long term goal of setting up an Indo-Italian joint venture in ice cream, frozen desert and other food products segment.