IMF projects India's growth rate at 7.3 percent in 2018, at 7.4 percent next year

Oct 09, 2018, at 09:36 am

New York, Oct 9 (IBNS): The International Monetary Fund (IMF) on Tuesday predicted that India might be witnessing a 7.4 percent growth rate in 2019.

Nissan India rolls out festive offers with cashback worth Rs 4 crore

Oct 06, 2018, at 03:58 pm

Kolkata / New Delhi, Oct 6 (IBNS): With the onset of the festive season, automobile major Nissan Motor India Pvt. Ltd. on Saturday announced a host of lucrative offers with cashback worth Rs 4 crore on both Nissan and Datsun cars, valid till Oct 9.

Tata Motors signs Hrithik Roshan as brand ambassador for new Tigor

Oct 05, 2018, at 08:25 pm

Mumbai, Oct 5 (IBNS): Gearing up for its 3rd festive launch, Tata Motors is all set to launch the new Tata Tigor. 

Emirates thrills film buffs with over 1,000 movies on board

Oct 05, 2018, at 06:27 pm

Kolkata, Oct 5 (IBNS): Film fans travelling on Emirates can now look forward to even more choice as ice, Emirates’ award-winning inflight entertainment system, reaches a new milestone by offering over 1,000 movies - more than any other airline.

Reserve Bank of India keeps repo rate unchaged at 6.5

Oct 05, 2018, at 05:07 pm

New Delhi, Oct 5 (IBNS): The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting on Friday, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent.

India and ADB Signs $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh

Oct 05, 2018, at 03:45 pm

New Delhi, Oct 5 (IBNS) : Government of India and Asian Development Bank (ADB) on Friday signed a 110 million-dollar  loan to finance the upgrade of 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh under the Prime Minister's Rural Roads Program (PMGSY).

RBI keeps repo rate unchaged at 6.5, Rupee goes lowest to breach 74

Oct 05, 2018, at 03:34 pm

Mumbai, Oct 5 (IBNS) :The Reserve Bank of India (RBI) on Friday kept the repo rate (key lending rate) unchanged at 6.5 per cent while, maintaining its steady plummeting rate,  rupee breached the 74-mark against US dollar for the first time.

Spain now keen to increase business relations with India says Ambassador Baranano

Oct 05, 2018, at 12:26 pm

Kolkata, Oct 5 (IBNS): The Indian Chamber of Commerce organised an interaction session with the Spanish Ambassador to India, Jose Ramon Baranano, recently in Kolkata, as part of its endeavor to strengthen the relation between the two countries.

Tata Motors Pune plant wins 'Renewable Energy Excellence End User' award

Oct 04, 2018, at 10:11 pm

Pune, Oct 4 (IBNS): Tata Motors on Thursday announced that its Pune plant has been awarded the ‘Renewable Energy Excellence End User’ Award 2018 at Renewable Energy India Awards 2018, Asia's largest Renewable Energy Expo organized by UBM India.

Power Publishers offering complete range of film related services

Oct 04, 2018, at 04:53 pm

Kolkata, Oct 4 (IBNS): A leading book publishing company for new authors, Power Publishers, recently announced a complete range of film related services, which includes screenplay writer hire, book to screenplay adaptation, film story writing, film to book, songwriting, advertisement commercial making and short film making.

Centre reduces fuel prices by Rs 2.50; Gujarat, Maharashtra follow

Oct 04, 2018, at 04:41 pm

New Delhi, Oct 4 (IBNS): Facing severe criticisms from the Opposition over the fuel price hike, the central government on Thursday reduced the prices of petrol and diesel by Rs 2.50 per litre.

Chanda Kochhar quits ICICI bank, Sandeep Bakshi succeeds

Oct 04, 2018, at 04:05 pm

Mumbai, Oct 4 (IBNS) : ICICI Bank MD and CEO Chanda Kochhar has quit the bank with immediate effect giving way to Sandeep Bakshi, Sandeep Bakhshi, who was appointed  COO in June, media reports said.

Sensex plunges by 800 points; NIFTY close to 10,600

Oct 04, 2018, at 12:14 pm

Mumbai, Oct 4 (IBNS): The Bombay Stock Exchange (BSE) Sensex on Thursday plunged by 800 points with NIFTY falling over 200 points.

Rupee hits all-time low of Rs 73.77

Oct 04, 2018, at 10:33 am

Mumbai, Oct 4 (IBNS): The Indian currency has hit an all-time low of Rs. 73.77 corresponding to one US dollar.

Trade wars and protectionism threaten global shipping, warns UN agency

Oct 04, 2018, at 07:41 am

New York, Oct 4 (IBNS): Maritime trade is stronger than it’s been for five years, but “tit-for-tat” tariff battles and restructuring by shipping companies threaten to disrupt its role as a key player in global commerce, the UN said on Wednesday.

Emirates touches down in Edinburgh

Oct 03, 2018, at 06:49 pm

Kolkata Oct 3 (IBNS): Emirates, the world’s largest international airline, on Oct 1 celebrated the inaugural flight of its new service between Dubai and Edinburgh. Emirates flight EK023, with a group of VIP guests and media on board, was welcomed by Edinburgh Airport with a water cannon salute.

Jet Airways receives 5th Boeing 737Max

Oct 03, 2018, at 06:23 pm

Mumbai, Oct 3 (IBNS): Jet Airways, India's premier full-service international airline, has received its fifth Boeing 737 MAX, as part of its fleet modernisation plan in line with its commitment to offer its guests a considerably superior and differentiated flying experience.

Life insurance preferred investment choice for 70% millennials: Survey

Oct 03, 2018, at 04:38 pm

New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.

Tata Communications acquires mobility and Internet of Things specialist Teleena

Oct 03, 2018, at 04:34 pm

Mumbai, Oct 3 (IBNS): Tata Communications, a leading global digital infrastructure provider, is acquiring Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE).

Infosys Foundation to build center for handling cybercrime investigation

Oct 03, 2018, at 04:30 pm

Kolkata / Bengaluru, Oct 3 (IBNS) IT major Infosys Foundation, the philanthropic arm of Infosys,on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with the Criminal Investigation Department (CID) of Karnataka Police and Data Security Council of India (DSCI) towards setting up the Centre for Cybercrime Investigation Training & Research (CCITR) in Bengaluru, Karnataka.

Maruti Suzuki recalls 640 Super Carry vehicles

Oct 03, 2018, at 03:55 pm

New Delhi, Oct 3 (IBNS): Automobile giant Maruti Suzuki India Limited on Wednesday said it will proactively and voluntarily undertake a recall for Super Carry vehicles to inspect for a possible defect in fuel pump assembly.

Value of rupee tumbles, reaches new low

Oct 03, 2018, at 10:18 am

Mumbai, Oct 3 (IBNS): The value of Indian currency further tumbled as it reached Rs. 73.26 corresponding to one US dollar, media reports said.

IMF appoints Gita Gopinath as Chief Economist

Oct 02, 2018, at 09:48 am

New York, Oct 2 (IBNS): International Monetary Fund (IMF) Managing Director Christine Lagarde appointed Gita Gopinath on Monday as Economic Counsellor and Director of the IMF’s Research Department.

India born Gita Gopinath appointed as Chief Economist of IMF

Oct 01, 2018, at 10:26 pm

New Delhi, Oct 1 (IBNS): In a proud moment for India, Gita Gopinath has been appointed as Chief Economist of International Monetary Fund (IMF).

TVS Motor Company posts 18 pct sales growth in September 2018

Oct 01, 2018, at 07:07 pm

New Delhi, Oct 1 (IBNS):Automobile giant TVS Motor Company on Monday said it has registered a sales growth of 18 percent with sales increasing from 359,850 units in September 2017 to 423,978 units in the month of September 2018.

Government takes action to preserve value and assets of IL & FS

Oct 01, 2018, at 06:55 pm

New Delhi, Oct 1 (IBNS): The has taken action to ensure much needed liquidity arranged for the IL& FS from the financial system so that no more defaults take place and the infrastructure projects  implemented smoothly.

Mahindra’s farm equipment sector sells 35,953 units in India during September 2018

Oct 01, 2018, at 05:53 pm

Mumbai, Oct 1 (IBNS):  Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, on Monday announced its tractor sales numbers for September 2018.

Mahindra Posts 14% Growth in Automotive Sales During First Half of FY2019

Oct 01, 2018, at 05:01 pm

Mumbai, Oct 1 (IBNS): Automobile giant Mahindra & Mahindra Ltd., a part of the USD 20.7 billion Mahindra Group, on Monday announced its auto sales performance for September 2018 which stood at 55,022 vehicles, compared to 53,752 vehicles during September 2017, a growth of 2%.

Toyota Kirloskar Motor sales growth momentum continues, sells 13078 units in September

Oct 01, 2018, at 04:57 pm

Kolkata, Oct 1 (IBNS): Automobile giant Toyota Kirloskar Motor on Monday said it has sold a total of 12512 units in the domestic market this month of September 2018.

Robust US growth to help Indian exporters; big macro picture: ASSOCHAM

Oct 01, 2018, at 04:13 pm

New Delhi, Oct 1 (IBNS): With the US, India's largest destination for merchandise exports, showing a robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the country's macro picture, an ASSOCHAM Paper has noted.