Budget 2017: No cash transaction above Rs three lakhs proposed
Feb 01, 2017, at 08:15 pm
New Delhi, Feb 1 (IBNS): Union Minister Arun Jaitley in his Budget 2017 speech on Wednesday said that the Government has decided that no transaction above rupees three lakh will be permitted in cash.
Budget 2017: Demonetisation will lead to bigger, cleaner and real GDP, says Finance Minister Jaitley
Feb 01, 2017, at 07:59 pm
New Delhi, Feb 1 (IBNS): Union Minister of Finance and Corporate Affairs Arun Jaitley, during his Budget 2017 speech, said that the Goods and Services Tax (GST) will spur growth, competitiveness, and greater transparency in economy.
Budget 2017: Five new special tourism zones proposed
Feb 01, 2017, at 07:16 pm
New Delhi, Feb 1 (IBNS): Finance Minister Arun Jaitley while presenting the Budget 2017 on Wednesday said that five special tourism zones will be created over the next financial year, according to media reports.
Introduction of a new CLSS for middle income group
Feb 01, 2017, at 06:26 pm
New Delhi, Feb 1 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday, gave ex-post facto approval to the proposals for extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) of PradhanMantriAwasYojana (PMAY) from 15 to 20 years.
Budget 2017: New law to freeze assets of offenders who flee, bad news for Mallya
Feb 01, 2017, at 06:12 pm
New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley, while presenting the Budget 2017 on Wednesday, said that the government proposes to freeze the assets of offenders who flee the country, according to media reports.
Jaitley begins Budget 2017 Speech, says demonetisation will improve GDP
Feb 01, 2017, at 05:04 pm
New Delhi, Feb 1 (IBNS): Indian Finance Minister Arun Jaitley began presenting the Union Budget 2017 at 11 am on Wednesday batting for the demonetisation policy of PM Modi after initial confusion on whether the budget would be postponed owing to the death of a lawmaker.
Jaitley to present union budget, no postponement owing to MP demise
Feb 01, 2017, at 04:56 pm
New Delhi, Feb 1 (IBNS): Indian Finance Minister Arun Jaitley would present the Union Budget 2017 at 11 am on Wednesday after initial confusion on whether it would be postponed owing to the death of a lawmaker.
Tata Motors hosts ‘Small Commercial Vehicle Application Expo’
Feb 01, 2017, at 12:30 am
Mumbai, Jan 31 (IBNS): Furthering initiatives for an enhanced customer purchase experience around its popular range of ACE Small Commercial Vehicles (SCV), Tata Motors recently hosted its ‘Small Commercial Vehicle Application Expo’ – ‘Har Business ka Ace’ in Mumbai, Jaipur, Udaipur, Bhubaneshwar, and Bikaner among the 44 cities where the Expo will take place.
Jan 31, 2017, at 11:35 pm
New estimates of labour migration in India have revealed that inter-state labor mobility is significantly higher than previous estimates. This was stated in the Economic Survey 2016-17 presented by the Finance Minister Shri Arun Jaitley in the Parliament today. The study based on the analyses of new data sources and new methodologies also shows that the migration is accelerating and was particularly pronounced for females. The data sources used for the study are the 2011 Census and railway passenger traffic flows of the Ministry of Railways and new methodologies including the Cohort-based Migration Metric (CMM) .
Eight core industries grow by 5.6 pctin December
Jan 31, 2017, at 11:24 pm
New Delhi, Jan 31 (IBNS): India's eight core industries regitered a growth of 5.6 per cent in December, official data released on Tuesday said.
Indian IT stocks pull down market on Tuesday
Jan 31, 2017, at 10:41 pm
Mumbai, Jan 31 (IBNS): The Indian market plummeted on Tuesday largely due to the decline in share prices of leading Indian IT companies, according to media reports.
Low margins curtails production of Glucose, Marie & Milk Biscuits-Industry demands GST exemption
Jan 31, 2017, at 10:11 pm
Kolkata, Jan 31 (IBNS): The Rs.36,000 Crore Indian Biscuit Industry has demanded complete waiver on Good & Services Tax on Low Price High Nutrition (LPHN) Biscuits priced under MRP Rs.100 per Kg.
Intex expands its e-payment services for Android users on Google Play Store
Jan 31, 2017, at 09:58 pm
New Delhi, Jan 31 (IBNS): Mobile handset manufacturer Intex Technologies on Tuesday announced their in-house digital e-payment App – Intex MyWallet going live on Google Play Store for all android users outside Intex as well .
Tata Motors kicks-off India’s first Indian Truck Driver Race training & selection program
Jan 31, 2017, at 09:29 pm
Kolkata/Mumbai, Jan 31 (IBNS): In keeping with its commitment of making trucking aspirational for Indian drivers and bringing them to truck racing, Season III of T1 Prima Truck Racing Championship will also feature an Indian truck driver’s race for the first time.
Whirlpool launches Air Purifiers
Jan 31, 2017, at 09:09 pm
Kolkata, Jan 31 (IBNS): Whirlpool of India Limited, a subsidiary of Whirlpool Corporation, the world’s leading home appliance company, today announced the launch of its Purafresh Air Purifiers with 6th Sense AnionShield Technology and an Intuitive Touch Panel in the Indian market.
Indian IT stocks plummet on fear of strict H1-B visa norms
Jan 31, 2017, at 08:14 pm
Mumbai, Jan 31 (IBNS): Indian IT stocks crashed on Tuesday afternoon following the news of the H1-B visa bill being introduced in the US House of Representatives.
Maruti Suzuki NEXA marks another milestone: 200th showroom inaugurated
Jan 31, 2017, at 02:40 am
Hyderabad, Jan 30 (IBNS): Expanding its premium automotive experience, India’s leading passenger vehicle maker, Maruti Suzuki India Limited on Monday inaugurated its 200th NEXA Showroom in Hyderabad.
ASSOCHAM submits suggestions to political parties for inclusion in election manifesto
Jan 31, 2017, at 01:53 am
New Delhi, Jan 30 (IBNS): The Associated Chambers of Commerce and Industry of India (ASSOCHAM) today submitted its suggestions to various political parties in Goa for inclusion in their respective election manifesto.
FM faced with excessive hopes on ‘Solve-All’ Budget: ASSOCHAM
Jan 31, 2017, at 01:51 am
Mumbai, Jan 30 (IBNS): Meeting excessive expectations riding on the forthcoming Union Budget, being seen as a ‘Solve-All’ big mover in the aftermath of demonetization, could be a challenging task for the Finance Minister Arun Jaitley who has to reckon in the fall out of the Goods and Services Tax, stress in the small industry and trade as also the rural landscape, an ASSOCHAM pre-Budget assessment pointed out.
Vodafone, Idea begin merger talks
Jan 31, 2017, at 01:26 am
Mumbai, Jan 30 (IBNS): In a major move in the telecom sector, Britain's Vodafone Group on Monday announced that it is in discussions to merge its Indian unit with Idea Cellular Ltd.
Global report highlights Tata Group's efforts towards eradication of poverty
Jan 31, 2017, at 01:01 am
New Delhi, Jan 30 IBNS): The global assurance company DNV GL, in association with the Tata group, on Monday launched its Future of Spaceship Earth report on The United Nations' 17 Sustainable Development Goals (SDGs).
India Post Payments Bank will be a game changer for financial inclusion: Manoj Sinha
Jan 31, 2017, at 12:23 am
New Delhi, Jan 30 (IBNS): Union Finance Minister Arun Jaitley and Minister of Communications Manoj Sinha launched the operations of the India Post Payments Bank (IPPB) here on Monday as two pilot branches at Raipur and Ranchi through video conferencing from Delhi.
RBI removes ATM cash withdrawal limt from Feb 1
Jan 30, 2017, at 11:33 pm
New Delhi, Jan 30 (IBNS): Giving relief to people across the nation, the Reserve Bank of India on Monday announced its decision that limits placed on cash withdrawals from ATMs stand withdrawn from Wednesday.
Vodafone confirms merger talks with Idea
Jan 30, 2017, at 10:55 pm
New Delhi, Jan 30 (IBNS): Telecom giant Vodafone on Monday confirmed that it is in discussions to merge its Indian unit with Idea Cellular Ltd.
Harley Davidson launches maiden merchandise showroom at Mumbai Airport
Jan 30, 2017, at 09:25 pm
Mumbai, Jan 30 (IBNS): In line with its endeavor to offer an array of renowned global brands to travelers transiting through the city, Mumbai International Airport announced the launch of Harley Davidson’s first merchandise-only showroom, Mach-1, at the iconic T2.
Etihad Airways wins Islamic Deal of the Year Award for Sukuk
Jan 30, 2017, at 09:21 pm
Kuwait, Jan 30 (IBNS): The Abu Dhabi-based national airline of the United Arab Emirates successfully completed a Sukuk issuance raising US$1.5 billion in November 2016 – the largest ever in the aviation industry in the Middle East and North Africa region (MENA).
Canada: General Motor in Ontario plans to lay off 625 workers
Jan 30, 2017, at 08:45 am
Toronto, Jan. 29 (IBNS): General Motors Co. has planned to lay off up to 625 workers at a southwestern Ontario plant as production for its older Chevrolet Equinox sport-utility vehicle is being shut and production of a new SUV model is being moved to Mexico.
Maruti Suzuki announces price increase
Jan 28, 2017, at 11:47 pm
Mumbai, Jan 28 (IBNS): Car manufacturer Maruti Suzuki India Limited on Saturday announced a price increase ranging from Rs 1,500 to Rs 8,014 (Ex-Showroom - Delhi) across models.
L&T registers 1.4 pct rise in Consolidated Gross Revenue
Jan 28, 2017, at 11:43 pm
Mumbai, Jan 28 (IBNS): Larsen & Toubro recorded Consolidated Gross Revenue of Rs. 26287 crore for the quarter ended December 31, 2016, registering an increase of 1.4% on a y-o-y basis.
Jan 28, 2017, at 10:55 pm
New Delhi, Jan 28 (IBNS): Apex industry body ASSOCHAM has urged the Union Government to reduce customs duty on chilled and frozen sea food from present level of 30 per cent to 10 per cent to bring down food inflation and satiate high demand for sea food in India.