Coca-Cola to acquire coffee brand Costa Limited

Aug 31, 2018, at 06:50 pm

Atlanta, Aug 31 (IBNS): Soft drink manufacturing giant The Coca-Cola Company on Friday announced that it has reached a definitive agreement to acquire Costa Limited, which was founded in London in 1971 and has grown to become a major coffee brand across the world.

India's GDP grows at 8.2 percent in 2019-2019 first quarter

Aug 31, 2018, at 05:54 pm

New Delhi, Aug 31 (IBNS): India's economy marked an impressive growth of 8.2 percent in the first quarter of the 2018-19 financial year, as per government data released on Friday.

ICICI Bank opens a new branch in Amaravati

Aug 31, 2018, at 12:01 pm

Vijayawada, Aug 31 (IBNS): ICICI Bank recently opened a new branch at the Secretariat complex in Amaravati, Andhra Pradesh, an official release stated.

Rupee hits all-time low at 71

Aug 31, 2018, at 11:59 am

Mumbai, Aug 31 (IBNS): The value of Indian currency reached a new low at Rs 71 corresponding to the value of one US dollar, media reports said.

mjunction sells RITES ECR plants through e-auction mechanism

Aug 30, 2018, at 05:05 pm

Kolkata, Aug 30 (IBNS): mjunction services limited, India’s largest B2B e-commerce company, has helped RITES sell assets belonging to East Central Railway (ECR), through a transparent e-auction mechanism.

Ola announces launch of Ola Mobility Institute

Aug 30, 2018, at 04:51 pm

Kolkata, Aug 30 (IBNS): Ola, one of the world’s largest ride-hailing platforms, on Thursday announced the launch of a first-of-its-kind policy research and social innovation unit, Ola Mobility Institute.

Arun Jaitley inaugurates new office building of CCI, says economy becoming larger

Aug 30, 2018, at 04:31 pm

New Delhi, Aug 30 (IBNS) :  Union Minister of Finance and Corporate Affairs Arun Jaitley on Thursday said that the function of the Competition Commission of India (CCI) is going to expand further as the size of our economy is becoming large.

Rupee hits all-time low at 70.82

Aug 30, 2018, at 01:20 pm

Mumbai, Aug 30 (IBNS) : The rupee continued to plunge new lows for the fourth consecutive session as it on Thursday plunged to 70.82 a dollar-an all-time record.

Argentina seeks quick release of $50bn loan from IMF as inflation soars

Aug 30, 2018, at 01:15 pm

Buenos Aires, Aug 30 (IBNS): Argentina has asked for a quick release of $50 billion loan from the International Monetary Fund (IMF) in order to battle its soaring inflation.

HDFC Bank to adopt 30 flood-hit villages in Kerala

Aug 29, 2018, at 11:02 pm

Thiruvananthapuram, Aug 29 (IBNS): HDFC Bank on Wednesday announced that it will adopt 30 villages in Kerala. 

Jet Airways to introduce 28 new flights in September

Aug 29, 2018, at 06:59 pm

Mumbai, Aug 29 (IBNS): Jet Airways, India's premier full-service international airline, is set to introduce 28 new flights in the coming month.

Over 99 percent of demonetised currency returned: RBI

Aug 29, 2018, at 04:50 pm

New Delhi, Aug 29 (IBNS): The Reserve Bank of India on Wednesday said that more than 99 percent of the old Rs. 500 and Rs. 1000 notes, which were banned by the Centre in 2016, have returned.

India, World Bank sign $300 million agreement to scale up India’s energy efficiency program

Aug 28, 2018, at 11:03 pm

Kolkata / New Delhi, Aug 28 (IBNS): The Government of India, the Energy Efficiency Services Limited (EESL),  and the World Bank on Monday signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program. 

Bengal is firmly on course to meet its fish production target of 18.5 lakh tonnes this year, says Fisheries Minister Chandra Nath Sinha at first-ever CII Fisheries Conclave

Aug 28, 2018, at 07:38 pm

Kolkata, Aug 28 (IBNS): West Bengal is firmly on course to meet its fish production target of 18.5 lakh tonnes this year, according to Chandra Nath Sinha, the West Bengal Minister for Fisheries.

Indian economy is facing challenges: Aurn Jaitley

Aug 27, 2018, at 10:29 pm

New Delhi, Aug 27 (IBNS): Union Finance Minister Arun Jaitley on Monday said Indian economy is facing challenges and the attempt to recover funds from defaulters would continue.

Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM

Aug 27, 2018, at 03:17 pm

New Delhi, Aug 27 (IBNS): It is not only crude oil which is exerting pressure on India's import bill and consequently on the current account deficit and the rupee, but a host of other non-oil items like coal, electronics, chemicals and leather and leather products, fruits and vegetables are  witnessing rising imports and becoming a drag on the country's overall  balance of trade situation , an ASSOCHAM analysis has noted.

Digital gig economy is bad for your wellbeing, new research suggests

Aug 25, 2018, at 04:08 pm

London, Aug 25 (IBNS): The poor quality working conditions associated with the digital gig economy may have consequences for employees’ wellbeing, according to new Oxford University research.

Axis Bank extends support to Kerala; commits Rs. 5 crore for relief measures

Aug 24, 2018, at 06:58 pm

Bengaluru, Aug 24 (IBNS): Axis Bank, a private bank, has committed Rs. 5 crores towards rehabilitation work in Kerala.

Bengal Chamber hosts annual environment and energy conclave in Kolkata

Aug 23, 2018, at 11:01 pm

Kolkata, Aug 23 (IBNS): Amid recent occurrences of climactic havoc all over the world, the Bengal Chamber organized the Energy Tech-Disruptive Innovations in Energy Transition on the 11th Edition of the Annual Environment and Energy Conclave in Kolkata on Thursday.

ICICI Bank announces partnership with Manchester United

Aug 22, 2018, at 07:18 pm

Mumbai, Aug 22 (IBNS): ICICI Bank, an Indian private sector bank by consolidated assets, has agreed to a multi-year partnership with Manchester United, bringing a range of competitive co-branded credit and debit card to the club’s 35 million Indian followers.

Jet Airways expands codeshare agreement with Bangkok Airways

Aug 21, 2018, at 08:14 pm

Mumbai, Aug 21 (IBNS): Jet Airways, India’s premier full-service international airline and Bangkok Airways, Asia’s Boutique Airline, on Tuesday announced the expansion of their existing codeshare agreement to provide more choice and convenient travel options. 

Ashok Leyland strengthens its presence in West Bengal, inaugurates new dealership in Sodepur

Aug 20, 2018, at 07:56 pm

Kolkata, Aug 20 (IBNS): Ashok Leyland, flagship of the Hinduja Group, inaugurated a new dealership, Rajgarhia Motor, in Sodepur, of North 24 Parganas.

Kerala floods may have caused damage of Rs 20,000 crore: ASSOCHAM

Aug 20, 2018, at 03:55 pm

New Delhi, Aug 20 (IBNS): With floods playing havoc in Kerala, the state, known as ‘God’s Own Country’ would have suffered massive economic losses, the estimates of which could well be Rs 15,000-20,000 crore with a staggered impact of a few months, mostly on tourism, cash crops, trade including international trade from Kochi and other ports, besides shaking the lives of millions of people, an ASSOCHAM quick assessment has indicated.

ASSOCHAM opens representative office in North America

Aug 20, 2018, at 03:45 pm

New Delhi, Aug 20 (IBNS): Apex industry body ASSOCHAM has opened a representative office in North America with a view to strengthen India Inc’s presence in the United States of America (USA).

Ola launches inaugural UK services in South Wales

Aug 20, 2018, at 03:41 pm

Kolkata, Aug 20 (IBNS): Ola, a ride-hailing platform, has on Monday launched its first UK services across South Wales.

Mentorship-driven accelerator Techstars appoints Ray Newal as MD to support emerging markets entrepreneurs

Aug 18, 2018, at 04:55 pm

New Delhi,  Aug 18 (IBNS): Mentorship-driven accelerator Techstars has appointed Ray Newal as MD to support emerging markets entrepreneurs.

ICICI Bank contributes Rs.10 crore towards Kerala flood relief

Aug 17, 2018, at 05:29 pm

Thiruvananthapuram, Aug 17 (IBNS): Private bank ICICI Bank on Friday announced that it will contribute Rs.10 crore to aid the state government and the local authorities in their efforts to provide relief and assistance in the flood affected regions of Kerala.

Orange Corp offers online platform for aspiring models to get projects and contacts

Aug 16, 2018, at 01:10 pm

Orange Corp, a Venture Capital company under the Limited Partner Category, headed by its Indian origin CEO & Managing Partner Debasish Duttah, runs its own integrated Management Consultancy Wing with establishments in nearly 30 countries.

Healthcare BPO Market to touch 188.9 billion USD by 2018: ASSOCHAM-EY

Aug 15, 2018, at 04:26 pm

New Delhi, Aug 15 (IBNS0): The global health care BPO market is expected to grow at a compound annual growth rate (CAGR) of about 10.7% from US$113.2 billion in 2013 to US$188.9 billion by 2018, noted a recent ASSOCHAM-EY joint study.

Wholesale inflation eases to 5.09 percent in July

Aug 14, 2018, at 08:23 pm

New Delhi, Aug 14 (IBNS):  Wholesale inflation has eased to 5.09 percent in July, as per government data released on Tuesday.