Indian benchmark indices decline on Friday, RBI says will issue new Rs 50 note soon

Aug 19, 2017, at 02:02 am

Mumbai, Aug 18 (IBNS): Indian benchmark indices ended lower on Friday with BSE Sensex down 270.78 points at 31524.68, and NSE Nifty down 66.75 points at 9837.40.

RBI to issue new Rs. 50 currency notes

Aug 19, 2017, at 01:45 am

New Delhi, Aug 18 (IBNS): The Reserve Bank of India on Friday said it will shortly issue Rs. 50 denomination banknotes in the Mahatma Gandhi (New) Series.

Telecommunications sector to generate 30 lakh jobs by 2018: ASSOCHAM-KPMG

Aug 18, 2017, at 10:50 pm

New Delhi, Aug 18 (IBNS): Roll out of 4G technology with an increase in data, entry of new players in the market, introduction of digital wallets, popularity of smart phone leading to consistent increase in demand for technology and other developments in the telecom sector likely to increase job opportunities by 30 lakhs by 2018, according to an ASSOCHAM-KPMG joint study.

ICICI Bank signs MoU with Government of Odisha for e-governance services

Aug 18, 2017, at 10:07 pm

Bhubaneswar, Aug 18 (IBNS): ICICI Bank, a private sector bank, on Friday said it has signed a Memorandum of Understanding (MoU) with the Department of Electronics & Information Technology, Government of Odisha to provide e-governance services to the people of the state.

Debasis Jana is Chairman and MD of Andrew Yule & Co Limited

Aug 18, 2017, at 09:46 pm

Kolkata, Aug 18 (IBNS): Debasis Jana has been appointed as the Chairman and Managing Director of Andrew Yule & Company Limited, Kolkata.

Narayan Murthy says he will respond to Infosys Board's mail at the right time and at the right forum

Aug 18, 2017, at 09:37 pm

Bengaluru, Aug 18 (IBNS): The war of words between the Infosys Board and founder Narayan Murthy got murkier on Friday with both sides alleging wrong-doing of the other.

TRAI raises penalty for poor mobile services, including call drop

Aug 18, 2017, at 09:13 pm

New Delhi, Aug 18 (IBNS): Telecom Regulatory Authority of India (TRAI) has raised the penalty on telecom operators to Rs five lakh for poor mobile service quality, including call drops, according to media reports on Friday.

Jaitley asks states to reduce VAT on Petroleum Products used for manufacturing

Aug 18, 2017, at 07:13 pm

New Delhi, Aug 18 (IBNS) : Union Fiance Minister Arun Jaitley has written to State Chief Ministers urging the States to reduce burden of Value Added Tax (VAT) on Petroleum Products used as inputs in making of goods after the introduction of Goods and Services Tax (GST).

Vishal Sikka resigns as Infosys CEO

Aug 18, 2017, at 04:34 pm

Bengaluru, Aug 18 (IBNS): Vishak Sikka has put down his resignation papers as the CEO of Infosys.

Godrej Security Solutions urges women to take charge of their security

Aug 18, 2017, at 03:52 am

Mumbai, Aug 17 (IBNS): Godrej Security Solutions kick started a multi-city consumer awareness programme and campaign #IAmSecure.

42% consumers willing to pay premium for prompt customer services, says survey

Aug 18, 2017, at 02:01 am

Mumbai, Aug 17 (IBNS): About 42% consumers are willing to pay a premium for prompt customer service, KANTAR IMRB survey commissioned by American Express revealed.

TVS Motor Company registers revenue growth of 19.3% for quarter ending in June 2017

Aug 18, 2017, at 01:35 am

Mumbai, Aug 17 (IBNS): Two and three-wheeler manufacturer TVS Motor Company has reported a revenue growth of 19.3% for the quarter ended in June 2017.

Indian benchmark indices close marginally higher on Thursday

Aug 17, 2017, at 10:58 pm

Mumbai, Aug 17 (IBNS): The Indian market ended marginally higher on Thursday. with BSE Sensex up 24.57 points at 31795.46 and NSE Nifty up by 5.60 points at 9902.90.

Berger Paints launches new TVC featuring Katrina Kaif

Aug 17, 2017, at 04:51 am

Kolkata, Aug 16 (IBNS): Paint company Berger on Wednesday announced a new ad campaign for the launch of their Silk Glamor Luxury Emulsion paint.

David Rasquinha appointed as Managing Director of Exim Bank

Aug 17, 2017, at 02:52 am

Mumbai, Aug 16 (IBNS): David Rasquinha has taken over as the Managing Director of Export-Import Bank of India (Exim Bank).

Uber introduces new 'Uber for Business'

Aug 17, 2017, at 01:56 am

New Delhi, Aug 16 (IBNS): Uber, the ridesharing app, on Wednesday announced a new Uber for Business, enabling new use cases like daily commute, late-night rides home from work, between-office transportation and much more.

PTC India Financial Services Limited and IIFCL Projects Limited sign MOU

Aug 17, 2017, at 01:15 am

Kolkata, Aug 16 (IBNS): PTC India Financial Services Limited (PFS), a leading Infrastructure Finance Company and IIFCL Projects Limited (IPL), 100% subsidiary of India Infrastructure Finance Company Limited (IIFCL), a premier infrastructure lending firm wholly owned by Government of India for providing advisory services for the promotion and development of Infrastructure in India, have signed a Memorandum of Understanding with the aim to provide financial advisory, management consultancy, debt syndication and project development advisory services for infrastructure projects.

Infosys Bhubaneswar partners with CIPET to provide technical training

Aug 17, 2017, at 01:01 am

Bhubaneswar , Aug 16 (IBNS): Akanksha, the CSR arm of Infosys Bhubaneswar Development Center (DC), in collaboration with the Central Institute of Plastics Engineering and Technology (CIPET), a Government of India Institute, recently conducted a free residential operator training program for 240 students at the CIPET campus II in Bhubaneswar.

Cabinet approves scheme of budgetary support under GST regime to eligible units located in J&K, Uttarakhand, Himachal Pradesh, North Eastern States

Aug 16, 2017, at 11:36 pm

New Delhi, Aug 16 (IBNS): The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi today has given its approval to the Scheme of providing Budgetary Support under Goods and Service Tax Regime for the eligible industrial units located in State of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim.

Cabinet approves completion of balance works of North Koel Reservoir Project

Aug 16, 2017, at 11:13 pm

New Delhi, Aug 16 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi today has given its approval to the proposal to complete the balance works of the North Koel Reservoir Project in Jharkhand and Bihar at an estimated expenditure of Rs.1622.27 crore to be incurred during three financial years from the start of the project.

Cabinet approves creation of 7 posts of Principal Director, 36 posts of Director in Armed Forces Headquarters Civil Service

Aug 16, 2017, at 11:12 pm

New Delhi, Aug 16 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday has given its approval for 7 posts of Principal Director and 36 posts of Director on regular basis in the Armed Forces Headquarters (AFHQ) Civil Service, Ministry of Defence as part of restructuring .

Startups must develop stronger & sustainable biz plans to continue receiving PE/VC funding: Study

Aug 16, 2017, at 10:52 pm

New Delhi, Aug 16 (IBNS): Developing stronger and sustainable business plans will help startups in receiving PE/VC (private equity/venture capital) funding, suggested a recent ASSOCHAM-Hammurabi & Solomon joint study.

Indian benchmark indices close higher on Wednesday

Aug 16, 2017, at 10:37 pm

Mumbai, Aug 16 (IBNS): The Indian market ended higher on Wednesday, with BSE Sensex up 321.86 points at 31770.89 and NSENifty up 103.15 points at 9897.30.

States participating in UDAY take over targeted debt of Rs. 2.09 lakh crores of their DISCOMs

Aug 16, 2017, at 06:48 pm

New Delhi, Aug 16 (IBNS): The Union Ministry of Power informed on Wednesday that participating states of under Ujwal DISCOM Assurance Yojana (UDAY) have taken over the targeted debt of Rs. 2.09 lakh crores of their DISCOMs under borrowing exemption from the FRBM Act given in UDAY for 2015-16 and 2016-17.

Mercedes-Benz launches a special GLC ‘Celebration Edition’ luxury SUV

Aug 15, 2017, at 05:36 pm

Kolkata, Aug 15 (IBNS): Luxury car maker Mercedes-Benz on Monday launched a special GLC ‘Celebration Edition’ to mark the 70th anniversary of India’s Independence and to mark the successful run of the GLC in the Indian market, since its debut in June 2016, according to the company.

Mars Food to acquire majority stake in Tasty Bite

Aug 15, 2017, at 02:25 am

Brussels, Belgium, Aug 14 (IBNS): Mars Food has signed a definitive agreement on Monday to acquire Preferred Brands International, a Stamford, Connecticut-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite brand.

Tata Motors announces appointment of new Chief Financial Officer

Aug 15, 2017, at 01:05 am

Mumbai/ Kolkata, Aug 14 (IBNS): Tata Motors on Monday announced the appointment of P B Balaji as the new Chief Financial Officer, Tata Motors Group from November 2017, to drive financial performance and bring greater rigor to operations and investment decisions across the different entities.

CPI moves up to 2.36 percent in July

Aug 15, 2017, at 12:23 am

New Delhi, Aug 14 (IBNS): India's annual consumer price inflation moved up to 2.36 percent in July, official data released on Monday revealed.

Tech solutions in place; mind set of staff manning customer services need massive change: ASSOCHAM

Aug 15, 2017, at 12:07 am

New Delhi, Aug 14 (IBNS): Be it a post office, not in some remote area but in big cities of Mumbai and Delhi, or a public sector bank, state-owned MTNL, BSNL or several other government owned and run organisations, the ease of doing business, especially for a small entrepreneur is missing despite a well-meaning digital drive of the government, an ASSOCHAM paper has noted with concern.

WPI rises by 1.88 per cent in July

Aug 14, 2017, at 11:57 pm

New Delhi, Aug 14 (IBNS): Country's Wholesale inflation moved up by 1.88 per cent in July, said government data released on Monday.