Excerpts from Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of RBI MPC
Aug 02, 2017, at 10:08 pm
Mumbai, Aug 2 (IBNS): The Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India was published after the MPC held its third review meeting on Wednesday in Mumbai.
Central govt welcomes repo rate cut by MPC says DEA Secretary Subhash Chandra Garg
Aug 02, 2017, at 09:52 pm
New Delhi, Aug 2 (IBNS): The Central government has welcomed the 25 basis points cut in the repo rate announced on Wednesday by the Monetary Policy Committee (MPC), said Secretary, Department of Economic Affairs (DEA), Subhash Chandra Garg.
Hyundai super performer brands cross 1.3 million milestone mark
Aug 02, 2017, at 09:51 pm
New Delhi, Aug 2 (IBNS): Hyundai Motor India Limited (HMIL), the country’s second-largest car manufacturer and leading exporter, on Wednesday said it has achieved yet another milestone for its most awarded and admired brands crossing 1.3 Million Sales Volume.
Devendra Chawla to join Walmart India as EVP & Chief Operating Officer
Aug 02, 2017, at 09:47 pm
Kolkata, Aug 2 (IBNS): Walmart India, wholly owned subsidiary of Walmart Stores Inc., on Wednesday said it has appointed Devendra Chawla as EVP & Chief Operating Officer.
Panasonic plans Rs. 225 crore business during Onam in FY17
Aug 02, 2017, at 09:16 pm
Kolkata, Aug 2 (IBNS): Focusing on the varied demand in Kerala during festive season of Onam, Panasonic India Pvt. Ltd on Wednesday announced its business plans in the market.
L&T to build Light Rail System in Mauritius
Aug 02, 2017, at 09:10 pm
Mumbai, Aug 2 (IBNS): Larsen & Toubro on Wednesday announced the bagging of a Rs. 3,375-crore major breakthrough order from Metro Express Limited which is owned by the Government of Mauritius to design and build an Integrated Light Rail-based Urban Transit System in the African island nation.
RBI Monetary Policy Committee cuts repo rate by 25 basis points to six per cent
Aug 02, 2017, at 08:50 pm
Mumbai, Aug 2 (IBNS): The Reserve Bank of India (RBI) Monetary Policy Committee cut the repo rate by 25 basis points to six per cent on Wednesday at its third bimonthly policy review, according to media reports.
Tata Steel completes sale of its Hartlepool SAW pipe mills
Aug 02, 2017, at 03:02 am
Mumbai/ Kolkata, Aug 1 (IBNS): Tata Steel UK on Tuesday announced it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.
Samsung Pay now becomes available for SBI Debit Cards
Aug 02, 2017, at 02:49 am
Mumbai, Aug 1 (IBNS): State Bank of India and Samsung India on Tuesday announced the availability of Samsung Pay for higher variants of SBI Debit Card.
Tata Power awarded for excellence in cost management
Aug 02, 2017, at 01:12 am
Mumbai/ Kolkata, Aug 1 (IBNS): Tata Power, an integrated power company, on Tuesday announced that the company has been awarded for excellence in cost management in the ‘power distribution and transmission’ category at the 14th National Awards for Excellence in Cost Management 2016.
A. J. Kurian takes charge of CVO, SAIL
Aug 02, 2017, at 12:39 am
New Delhi, Aug 1 (IBNS): A.J. Kurian, joined as Chief Vigilance Officer of Steel Authority of India Ltd. (SAIL) on Tuesday, officials said.
Tata Steel completes the sale of its Hartlepool SAW pipe mills
Aug 01, 2017, at 11:20 pm
Mumbai/ Kolkata, Aug 1 (IBNS): Tata Steel UK on Tuesday announced it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.
Hero MotoCorp Ltd sells 623,269 units in July
Aug 01, 2017, at 11:09 pm
New Delhi, Aug 1 (IBNS): Carrying forward the momentum of its highest-ever quarterly sales in the first three months (April-June) of FY ‘18, Hero MotoCorp Ltd on Tuesday said it commenced the second quarter of the fiscal with a robust six-lakh plus sales for the month of July, despite sluggish sales for the first few days of the month due to the transition to GST.
Indian market closes strong on Tuesday, RBI Monetary Policy Committee to meet on Wednesday
Aug 01, 2017, at 10:45 pm
Mumbai, Aug 1 (IBNS): The Indian market closed strong on Tuesday with the BSE Sensex up 60.23 points at 32,575.17 and the NSE Nifty up 37.55 points to end at a record 10,114.65.
Volvo Cars forays into Uttar Pradesh with a new dealership – Speed Volvo
Aug 01, 2017, at 10:40 pm
Lucknow, Aug 1 (IBNS): Staying true to its commitment towards the India market, Volvo Cars, the Swedish luxury car company, has opened a new dealership, Speed Volvo, in Lucknow on Tuesday.
TVS Motor Company posts 9% sales growth in July 2017
Aug 01, 2017, at 10:29 pm
Hosur, Aug 1 (IBNS): TVS Motor Company on Tuesday said it has registered a sales growth of 9% increasing from 248,002 units in July 2016 to 271,171 units registered in the month of July 2017.
Firms must step up focus, spending on strengthening IT systems to thwart cyber attacks: Study
Aug 01, 2017, at 09:55 pm
New Delhi, Aug 1 (IBNS): The focus and spending on information technology (IT) systems by business organisations in India needs to be complemented with similar efforts in operational technology (OT) and consumer technology (CT) systems to combat myriad cyber attacks, suggested a recent ASSOCHAM-PwC study.
BlackBerry launches KEYone smartphone in India
Aug 01, 2017, at 09:54 pm
New Delhi, Aug 1 (IBNS): Canadian mobile phone maker BlackBerry on Tuesday launched its 'KEYone' Limited Edition Black smartphone handsets in India.
Niti Ayog Vice Chairman Arvind Panagariya resigns
Aug 01, 2017, at 09:34 pm
New Delhi, Aug 1 (IBNS) : Arvind Panagariya, the first vice-chairman of Niti Aayog announced his resignation from office on Tuesday, media reports said.
Mahindra’s Auto Sector sells 41,747 vehicles during July 2017
Aug 01, 2017, at 09:01 pm
Mumbai, Aug 1 (IBNS): Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, on Tuesday announced its auto sales performance for July 2017 which stood at 41,747 vehicles, compared to 39,458 vehicles during July 2016, representing a growth of 6%.
Tata Motors domestic sales grows by 13% in July 2017
Aug 01, 2017, at 08:59 pm
Mumbai, Aug 1 (IBNS): Tata Motors on Tuesday said its passenger and commercial vehicle total sales (including exports) in July 2017 were at 46,216 vehicles, higher by 7% over 43,160 vehicles sold in July 2016.
Hyundai domestic sales up by 4.4%
Aug 01, 2017, at 08:55 pm
New Delhi, Aug 1 (IBNS): Hyundai Motor India Ltd, the country’s second largest car manufacturer and leading passenger car exporter registered the Domestic sales of 43,007 units for the month of July 2017.
Central govt has target to ensure sale of 60-70 lakh hybrid and electric vehicles by 2020
Aug 01, 2017, at 08:45 pm
New Delhi, Aug 1 (IBNS): Under the National Electric Mobility Mission Plan 2020, the Union government has an ambitious target to achieve 60-70 lakh sales of hybrid and electric vehicles by 2020, said Minister of State in the Ministry of Heavy Industries and Public Enterprises, Babul Supriyo in written reply in the Lok Sabha on Tuesday.
CONCOR to build cold storage in Nashik to assist onion growers
Aug 01, 2017, at 08:20 pm
Mumbai, Aug 1 (IBNS): The Ministry of Railways said on Tuesday that Suresh Prabhakar Prabhu, Minister of Railways and Devendra Fadnavis, Chief Minister of Maharashtra laid the foundation stone for the cold storage at Lasalgaon near Nashik in Maharashtra.
Mukesh Ambani now second richest Asian
Aug 01, 2017, at 06:33 pm
New Delhi, Aug 1 (IBNS) : Mukesh Ambani has overtaken Hong Kong business magnate Li Ka-shing to become Asia's second-richest man.
Snapdeal decides not to merge with rival Flipkart
Aug 01, 2017, at 01:34 am
Mumbai, July 31 (IBNS): Online shopping company Snapdeal on Monday announced their decision to call off the talks of a merger with their rival Flipkart, media reports said.
TCS honoured at Manufacturing Leadership 100 Awards
Jul 31, 2017, at 11:52 pm
New York, Kolkata, July 31 (IBNS): Tata Consultancy Services , a leading global IT services, consulting and business solutions organization, has been recognized as a prominent ‘Technology Partner’ at the prestigious 2017 Manufacturing Leadership 100 Awards for the fourth time in the past five years.
June eight core industries' output slows down
Jul 31, 2017, at 11:44 pm
New Delhi, July 31 (IBNS) Output of eight core industries slowed down in June as the total output moved up by just 0.4 per cent as against a rise of 4.1 per cent in May 2017, as per government data released on Monday.
India’s solar capacity fell short of target of 17 GW by FY2017: study
Jul 31, 2017, at 10:17 pm
New Delhi, July 31 (IBNS): India’s installed solar capacity fell short of target of 17 gigawatts (GW) by the end of FY2017, the country will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and 15+ GW per year to meet the 2022 target, noted a recent ASSOCHAM-NEC joint study.
ICICI Bank organises coin exchange mela at Agra
Jul 31, 2017, at 09:57 pm
Agra, July 31 (IBNS): ICICI Bank, a private sector bank, on Monday said it organised a coin exchange mela in its branch at Hing ki Mandi in Agra, last week.