With moderate vegetable prices in March, MPC projects Q4 inflation to be 4.5 per cent
Apr 05, 2018, at 09:34 pm
Mumbai, Apr 5 (IBNS): The Reserve Bank of India (RBI), on Thursday, said that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
RBI retains its six per cent repo rate for the fourth time in a row
Apr 05, 2018, at 09:26 pm
Mumbai, Apr 5 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), in its first Bi-monthly Monetary Policy Statement, 2018-19, issed on Thursday, said it has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.
Apr 05, 2018, at 12:40 am
New Delhi, Apr 4 (IBNS): Cyber criminals are rapidly adding cryptojacking to their arsenal and creating a highly profitable new revenue stream, as the ransomware market becomes overpriced and overcrowded, according to Symantec's Internet Security Threat Report (ISTR), Volume 23, releasedon Wednesday.
Jet Airways signs up additional 75 Boeing 737 Max Aircraft taking total order to 150 Aircraft
Apr 05, 2018, at 12:19 am
Mumbai, Apr 4 (IBNS): Aircraft major Jet Airways announces that it has signed a new order for 75 additional Boeing 737 MAX aircraft taking the total order to 150 aircraft.
BSNL-Calcutta Telephones launches new broadband combo plan for Rs 1199 per month only
Apr 05, 2018, at 12:08 am
Kolkata, Apr 4 (IBNS): BSNL-Calcutta Telephones has launched a new family broadband combo plan where three pre-paid mobile connections with unlimited calls to any network in India and data facility for a monthly charge of Rs 1199 only, will be offered to the family members on the recommendation of a subscriber.
Arvind Limited launches Arvind branded ready to wear collection for men
Apr 04, 2018, at 11:21 pm
New Delhi, Apr 4 (IBNS): Arvind Limited, the 1.7-billion-dollar textile to retail conglomerate, on Wednesday announced the launch of its private label ‘Arvind – Ready to Wear’.
Essilor launches Varilux X series lenses in India
Apr 04, 2018, at 09:54 pm
New Delhi, Apr 4 (IBNS): Lens maker Essilor has launched Varilux X series in several cities across India.
Key Indian benchmarks decline on Wednesday
Apr 04, 2018, at 09:28 pm
Mumbai, Apr 4 (IBNS): Key Indian benchmark indices dipped on Wednesday largely affected by the intensifying trade war between China and the United States. according to media reports.
Apr 04, 2018, at 09:24 pm
Kolkata, Apr 4 (IBNS): India‘s largest luxury car manufacturer Mercedes-Benz, on Wednesday launched the Grand Edition of its flagship SUV GLS in both the petrol and diesel version, for its discerning Indian customers.
Indian building summit GRIHA by TERI to have an Australian partner in UNSW
Apr 04, 2018, at 07:59 pm
Kolkata, Apr 4 (IBNS): The 10th edition of GRIHA Council’s annual flagship event, 'The GRIHA Summit' will be co-hosted by University of New South Wales (UNSW), Australia and GRIHA Council in December, 2018.
Panasonic introduces its first 2 in 1 semi rugged Toughpad FZ - Q2
Apr 04, 2018, at 02:00 am
Kolkata, Apr 3 (IBNS): Panasonic, one of the leading manufacturers of mobile computing solutions,, on Tuesday said it has added another model to its growing rugged portfolio, The Toughpad FZ Q2.
Ola to digitise public transportation with the acquisition of Ridlr
Apr 04, 2018, at 01:51 am
Kolkata, Apr 3 (IBNS): Ola, a ride-hailing companies today announced the acquisition of Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app.
Trial run of first container train service between India and Bangladesh flagged off
Apr 03, 2018, at 09:52 pm
Kolkata, Apr 3 (IBNS): The trial run of the first container train service between India and Bangladesh from Kolkata to Dhaka was flagged off by V.Kalyana Rama, CMD, Container Corporation of India (CCI) and Harindra Rao, General Manager, Eastern Railways at Concor terminus near Majherhat station in Kolkata on Tuesday.
Key Indian benchmark indices close higher on Tuesday
Apr 03, 2018, at 09:44 pm
Mumbai, Apr 3 (IBNS): The Indian market closed higher on Tuesday, with BSE Sensex up 115.27 points at 33370.63 and NSE Nifty up 33.20 points at 10245.00, largely due to some strong buying towards the end of business day.
Core industries' output grows 5.3 pct in January
Apr 03, 2018, at 01:31 am
New Delhi, Apr 2 (IBNS): The pace of India's eight major industries' output in February was 5.3 percent, official data released on Monday said.
Debjani Ghosh takes office as NASSCOM President
Apr 02, 2018, at 11:49 pm
New Delhi, Apr 2 (IBNS): Debjani Ghosh, former MD, Intel South Asia, takes office as NASSCOM President, succeeding R Chandrashekhar, President, NASSCOM upon the completion of his term.
Mahindra’s Auto Sector sells 62,077 vehicles during March 2018, a growth of 10%
Apr 02, 2018, at 09:35 pm
SIDBI launches Samridhi virtual assistant and Bankability Kit on Foundation Day
Apr 02, 2018, at 08:40 pm
Lucknow, Apr 2 (IBNS): SIDBI celebrated its foundation day on Monday as day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate).
China slaps tariffs on 128 US products
Apr 02, 2018, at 03:22 pm
Beijing, Apr 2 (IBNS): In a major development that can further escalate trade war between the two nations, China on Monday suspended tariff concessions on 128 items of U.S. products including pork and fruits starting Monday, media reports said.
Move of laying off 220 employees to save $34 million annually, says Snap Inc
Apr 02, 2018, at 02:15 am
New York, Apr 1 (IBNS): Snap Inc., the parent company of Snapchat, has said that its recent move of laying off about 220 employees is going to save it $34 million per year in salaries and taxes, media reports said on Sunday.
MSP hike, likely populist measures key risks to inflation, ASSOCHAM tells RBI
Apr 02, 2018, at 01:45 am
New Delhi, Apr 1 (IBNS): Key risks to the retail inflation include higher Minimum Support Prices (MSP) for agricultural items, populist spending in the run-up to the 2019 general elections and strengthening of global crude oil prices, the ASSOCHAM has said in its pre-credit policy review letter to the Reserve Bank of India (RBI).
Tata Motors closes FY18 with 35% sales increase in March
Apr 02, 2018, at 01:40 am
New Delhi, Apr 1 (IBNS): In March 2018, Tata Motors on Sunday said it has registered a growth of 35% at 69,440 units as against 51,309 units over last year due to the continued strong sales performance of its Commercial and Passenger Vehicles Business in the domestic market.
Set up BPO sector specific CERTs: ASSOCHAM
Apr 01, 2018, at 02:26 am
New Delhi, Mar 31 (IBNS): While the government and BPO industry are taking variety of initiatives in the cyber security domain, apex industry body ASSOCHAM has suggested the government to establish BPO (business process outsourcing) sector specific computer emergency response team (CERT) to minimise cyber attacks in the BPO landscape.
Mar 30, 2018, at 08:44 pm
New Delhi, Mar 30 (IBNS): Most cyber frauds in India’s booming business process outsourcing (BPO) sector occur due to lack of strict implementation of existing information security protocols together with poor employee awareness, noted a recent survey jointly conducted by apex industry body ASSOCHAM and global software giant Microsoft.
Mar 30, 2018, at 06:20 pm
Chennai, Mar 30 (IBNS): Cognizant has assured its employees that the tax dispute between its Indian subsidiary and the Indian Income Tax department will not affect them, according to media reports.
Karbi Anglong: V&AC arrests police officer in graft case
Mar 30, 2018, at 04:19 am
Guwahati, Mar 29 (IBNS): The Vigilance and Anti-Corruption (V&AC) of Assam police on Wednesday night arrested a Sub Inspector of Bokuliaghat police station in Karbi Anglong district for allegedly taking bribe from a person.
Union Minister Harsimrat Kaur Badal inaugurates Rajasthan’s first mega food park at Ajmer
Mar 29, 2018, at 09:55 pm
Ajmer, Mar 29 (IBNS): Union Minister for Food Processing Industries Harsimrat Kaur Badal inaugurated the Greentech Mega Food Park Private Ltd - the first mega food park in Rajasthan - at Roopangarh Village in Ajmer.
MG Motor further reinforces strong India commitment
Mar 29, 2018, at 12:44 am
Mumbai, Mar 28 (IBNS): MG Motor India on Wednesday further reiterated its commitment to the Indian market through the first-ever dealership experience event in the country.
Emirates celebrates Easter with special offering in flight and on the ground
Mar 29, 2018, at 12:36 am
Kolkata, Mar 28 (IBNS): Airlines major Emirates said is celebrating the Easter holiday with a range of treats available to customers across all classes on board and in the airport lounges from Mar 30 to Apr 2.
Audi announces price increase across all models
Mar 28, 2018, at 08:46 pm
Mumbai, Mar 28 (IBNS): Audi, the German luxury car manufacturer, recently announced that the company will be increasing the price across the entire model range up to 4 per cent owing to the increase in the Customs duty announced in the Union Budget.