Cyrus vs Tatas: NCLT tells Mistry to file rejoinder
Dec 22, 2016, at 09:24 pm
Mumbai, Dec 22 (IBNS): The National Company Law Tribunal on Thursday did not grant any interim reliefs in the Company Petition by ousted chairman Cyrus Mistry, said Tata Sons after Mistry filed a petition against the salt-to-software conglomerate before the quasi-judicial body to either replace the company's current board, or appoint a retired Supreme Court judge as non-executive chairman.
Nusli Wadia ousted from Tata Steel as shareholders go for voting at EGM
Dec 22, 2016, at 06:50 pm
Mumbai, Dec 22 (IBNS) : Close on the heels of Cyrus Mistry's resignation from Tata Steel board, shareholders have removed Nusli Wadia as an Independent Director of the company, reports said.
Parasmal Lodha arrested by ED at Mumbai airport
Dec 22, 2016, at 04:56 pm
Mumbai/Kolkata, Dec 22 (IBNS): Kolkata businessman Parasmal Lodha was arrested by the Enforcement Directorate (ED) at the Mumbai Airport on Thursday morning, reports said.
IDBI Bank celebrates 25 years of Jawaharlal Nehru Institute of Banking and Finance
Dec 22, 2016, at 02:52 am
Hyderabad, Dec 20 (IBNS): IDBI Bank celebrated the Silver Jubilee of its premier training institute, Jawaharlal Nehru Institute of Banking and Finance (JNIBF), Hyderabad recently.
Forex Rule violation: RBI slaps fine on five banks
Dec 22, 2016, at 02:18 am
New Delhi, Dec 21 (IBNS): The Reserve Bank of India on Wednesday said it has imposed monetary penalty on the following five banks for violation of Reserve Bank of India’s instructions on reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA).
Rajesh Nagori elected as President of Indian Chemical Merchant & Manufacturers Association
Dec 22, 2016, at 01:36 am
Kolkata, Dec 21 (IBNS): The Annual General meeting of Indian Chemical Merchant & Manufacturers Association, an affiliated body of Indian Chamber of Commerce was held at Indian Chamber of Commerce on Tuesday.
IDBI Bank receives ASSOCHAM SMEs Excellence Award 2016 in micro lending
Dec 22, 2016, at 01:14 am
Mumbai, Dec 21 (IBNS): ASSOCHAM has instituted Awards for Excellence in MSE Lending to Banks & NBFCs in recognition of the performance in financing to Micro, Small & Medium Enterprises.
Tata Housing unveils final phase of Avenida in Kolkata
Dec 22, 2016, at 12:53 am
Kolkata, Dec 21 (IBNS): After the successful launch of Avenida at Rajarhat in Kolkata, Tata Housing, a real estate company, announced the launch of its final phase on the 13 acre land parcel.
Videocon extends hassle-free shopping for buyers
Dec 21, 2016, at 11:48 pm
New Delhi, Dec 21 (IBNS): Videocon, the leading Indian consumer electronic and home appliances company, on Wednesday announced its special consumer offer.
The Indian market fails to gain on Wednesday, reports sixth successive day of loss
Dec 21, 2016, at 10:14 pm
Mumbai, Dec 21 (IBNS): The Indian market declined for the sixth successive session on Wednesday, with BSE Sensex down 65.60 points at 26242.38 and NSE Nifty down 21.10 points at 8061.30, largely dragged by heavyweights such as ITC, HDFC Bank and Infosys.
Harley-Davidson India continues to lead the market for the sixth consecutive year
Dec 21, 2016, at 09:53 pm
New Delhi/Kolkata, Dec 21 (IBNS): As the year draws to a close, Harley-Davidson India completes six successful years in the country since it commenced retail operations in 2010 and continues to lead in the market by holding 60 percent market share of the 601plus cc motorcycle segment in the country.
Reverse Bank of India changes norms 126 times, Congress on RBI backtracking
Dec 21, 2016, at 08:04 pm
New Delhi, Dec 21 (IBNS) : As the Reserve Bank of India withdrew its earlier notification on Rs 5000 cash deposit limit for KYC complaint accounts, the Congress on Wednesday criticised the central bank for “changing the norms 126 timesâ€, giving it the mocking sobriquet of "Reverse Bank of India."
RBI backtracks on 5000 rupees directive, says those with KYC not to face questions
Dec 21, 2016, at 07:02 pm
Mumbai, Dec 21 (IBNS) : Backtracking on its earlier directive, the Reserve Bank of India on Wednesday said bank customers with KYC need not to face any question while depositing up to Rs. 5,000 in old 500-rupee notes.
Agriculture support ‘critical’ for Horn of Africa as region braces for another hunger season
Dec 21, 2016, at 02:46 pm
New York, Dec 21 (Just Earth News): In the wake of the multiple droughts that hit the Horn of Africa over the past year, countries in the region will face rise in hunger and further decline of local livelihoods in the coming months, while also dealing with the growing number of refugees, the United Nations Food and Agricultural Organization (FAO) reported on Tuesday.
Toyota Kirloskar Motor sells one lakh fortuners in India
Dec 21, 2016, at 02:43 am
Bangalore, Dec 20 (IBNS): Toyota Kirloskar Motor Pvt. Ltd. has announced that the company has sold over one lakh units of its premium SUV- Toyota Fortuner, in India.
Syska Accessories unveils its latest KTS Bluetooth Speakers
Dec 21, 2016, at 01:55 am
Hyderabad, Dec 20 (IBNS): Syska Accessories, a brand popularly known for its diverse range of innovative solutions to Mobile phone and computing accessories, has expanded its range of audio products, announcing its newest arrival 'Syska KTS 38& KTS 42'.
Dec 21, 2016, at 01:49 am
Kolkata, Dec 20 (IBNS): Volvo Cars, the premium car maker, has raised SEK5bn from the sale of newly-issued preference shares to a group of Swedish institutional investors.
Dec 21, 2016, at 01:30 am
New Delhi, Dec 20 (IBNS): Union Finance Minister Arun Jaitley said that the current Financial Year 2016-17 is not a conventional year as many major reformative decisions have been taken during the year.
Bank of Baroda becomes first national supporter for FIFA U-17 World Cup India 2017
Dec 21, 2016, at 12:54 am
Mumbai, Dec 20 (IBNS): Bank of Baroda became the first Indian company to sign up as a national supporter for the FIFA U-17 World Cup India 2017, the first FIFA Event to be hosted in the Subcontinent.
Power2SME, TiE announce winners of 'Spirit of Manufacturing Awards' season 3
Dec 21, 2016, at 12:37 am
Kolkata, Dec 20 (IBNS): Power2SME in collaboration with TiE Delhi NCR concluded season 3 of the Spirit of Manufacturing Awards at Taj Palace in New Delhi on Tuesday.
Volkswagen invests in skill development program, organises contest
Dec 21, 2016, at 12:31 am
Mumbai, Dec 20 (IBNS): Volkswagen, an European carmaker, recently conducted the Sarvottam Skill contest for dealership employees across India awarding 15 finalists from different categories.
Indian market fails to gain on Tuesday, post fifth consecutive session of loss
Dec 20, 2016, at 10:07 pm
Mumbai, Dec 20 (IBNS): Indian equity benchmarks fell for the fifth consecutive session on Tuesday with BSE Sensex down 66.72 points at 26307.98 and NSE Nifty down 21.95 points at 8082.40.
Small traders doing cashless transactions to be offered tax benefits : Arun Jatiley
Dec 20, 2016, at 07:53 pm
New Delhi, Dec 20 (IBNS) : Union Finance Minister Arun Jaitley on Tuesday said tax benefits will be offered to small businessmen engaged in cashless transactions.
Time for Make in India to Move in India: Sirshendu Chaudhuri
Dec 20, 2016, at 06:00 pm
The CEO of Virtual Global Education Limited (VGEL) Sirshendu Chaudhuri, breaks down the unemployment problem in India. In his latest article, Chaudhuri discusses MSME's and the need for Make in India to Move In India.
Cyrus Mistry resigns from all Tata Group companies
Dec 20, 2016, at 04:04 am
Mumbai, Dec 19 (IBNS): Tata Sons' ousted chairman Cyrus Mistry has resigned from all Tata Group companies.
75% fall in supply of animal hide threatens closure of tanneries in major leather clusters: ASSOCHAM
Dec 20, 2016, at 03:11 am
New Delhi, Dec 19 (IBNS): Trade in major clusters of leather and leather products in India has been hit hard by the union government's move of demonetisation, observed a quick survey-cum-analysis by apex industry body ASSOCHAM.
EDII creates 5,500 entrepreneurs in food processing sector across 23 states
Dec 20, 2016, at 02:47 am
Mumbai, Dec 19 (IBNS): Entrepreneurship Development Institute of India (EDII), an acknowledged national resource Institute for Entrepreneurship Education, Research, Training and Institution Building, has created 5,500 entrepreneurs in the food processing sector across 23 states, a company statement claimed.
Tata Steel to receive 'Greenco Platinum' rating by CII Green Building Council
Dec 20, 2016, at 02:05 am
Jamshedpur/Mumbai, Dec 19 (IBNS): In line with its vision and commitment to improve and protect environment performance as an integral way of doing business, Tata Steel will receive Greenco platinum rating by CII Green Building Council (GBC).
Toronto-based technology business earns several recognitions
Dec 20, 2016, at 01:29 am
Toronto, Dec 19 (IBNS): mobileLIVE, a Richmond Hill based technology company in Canada, has earned several industry recognitions this year from being one of the ‘Fastest Growing Technology Companies’ to winning over the ‘Supplier of the Year’, the ‘Momentum company of the Year’ and more.
Essilor International wins 'Transforming Society' award at BAFTA, London
Dec 20, 2016, at 01:06 am
Delhi/Kolkata, Dec 19 (IBNS): Vision care leader Essilor International has won the 'Transforming Society' award (tve) at the 5th Global Sustainability Film Awards held at BAFTA’s Princess Anne Theatre in London's Piccadilly.