RBI proposes gradual opening of Sharia-compliant banking finds out an RTI query
Nov 22, 2016, at 02:32 am
New Delhi, Nov 21 (IBNS): The Reserve Bank of India (RBI) in a letter to the Union Finance Ministry proposed the opening of 'Islamic window' in conventional banks for gradual introduction of Sharia-compliant banking instruments, according to media reports.
Cash crunch: RBI eases bad loan rules for small borrowers
Nov 22, 2016, at 02:11 am
New Delhi, Nov 21 (IBNS): The Reserve Bank of India on Monday provided additional 60 days time to small borrowers to repay housing, car, farm and other loans worth up to Rs 1 crore.
Tata Power's Skill Development Institute sees 83% placement within 6 months
Nov 22, 2016, at 01:57 am
Mumbai/ Kolkata, Nov 21 (IBNS): Tata Power, an integrated power company through its Corporate Social Responsibility endeavor, TPSDI (Tata Power Skill Development Institute) have placed 83% of its trainees within 6 months of Institutes inception.
Siby Sebastian appointed as CEO of SBM Bank (Mauritius) Ltd, India
Nov 22, 2016, at 01:49 am
Mumbai, Nov 21 (IBNS): The State Bank of Mauritius (SBM) Group has announced the appointment of Siby Sebastian as Chief Executive- SBM India Operations.
Sobha Group introduces opportunity to build apartments within Mohammed Bin Rashid City
Nov 22, 2016, at 01:26 am
Dubai, Nov 21 (IBNS): Sobha Group, one of the Middle East's real estate developers, has unveiled new land plots for investors within Sobha Hartland-the only fully integrated freehold community on the Dubai Water Canal and in Mohammed Bin Rashid Al Maktoum City.
Tata Motors targets 12,000 customers
Nov 22, 2016, at 12:59 am
Mumbai/Kolkata, Nov 21 (IBNS): In continuation with Tata Motors customer-centric thrust towards best customer experience of its commercial vehicle range, the company today announced its three-day Global Service Camp from Nov 21 to 23.
Nov 22, 2016, at 12:42 am
New Delhi, Nov 21 (IBNS): In order to further support farmers for the current Rabi crop, the Government on Monday said it has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres, Units or outlets belonging to the Central or State Governments, Public Sector Undertakings, National or State Seeds Corporations, Central or State Agricultural Universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity.
Nov 22, 2016, at 12:22 am
New Delhi, Nov 21 (IBNS): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.
Indian equity benchmarks erase 2016 gains on Monday
Nov 21, 2016, at 11:13 pm
Mumbai, Nov 21 (IBNS): Indian markets closed on a gloomy mood on Monday as the equity benchmarks erased all 2016 gains, according to media reports.
FarEye ranks among one of India's 50 fastest growing tech companies
Nov 21, 2016, at 10:23 pm
New Delhi Nov 21 (IBNS): Technology company FarEye which helps enterprises run their business operations more efficiently has entered the prestigious list of Deloitte Technology Fast 50 winners for 2016.​
Bosch India launches start-up accelerator program
Nov 21, 2016, at 09:57 pm
Bengaluru, Nov 21 (IBNS): Bosch India launched its first accelerator program for start-ups called ‘discover, nurture and align- DNA.’
4 insurance policies you must buy
Nov 21, 2016, at 09:43 pm
Availing an insurance policy seems to be a complicated process and a wastage of finances to many people. It is generally assumed that insurance policies include clauses that are deceiving and inappropriate.
EEPC seeks resolution of operational issues related to demonetisation
Nov 21, 2016, at 09:23 pm
Kolkata/New Delhi, Nov 21 (IBNS): The Engineering Export Promotion Council (EEPC) of India, on Monday said that certain operational issues arising from the demonetisation of high value Indian currency needs to be resolved to help exporters.
Vodafone India begins free sim upgrade in Punjab circle
Nov 21, 2016, at 09:08 pm
Chandigarh, Nov 21 (IBNS): As Vodafone India enters the final stages of bringing the world’s largest 4G network to Punjab, it announced on Monday, the availability of 4G SIMs with an attractive data offer- 2GB of free 3G data on 4G enabled smartphones.
Cash crunch fall-out: Non-bank payment players to witness huge growth, says ASSOCHAM Paper
Nov 20, 2016, at 11:54 pm
New Delhi, Nov 20 (IBNS): One of the immediate fall outs of the demonitisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business, as more and more retailers in the goods and service value chain would be compelled to shift to non-cash modes for customer transactions, an ASSOCHAM Paper has said.
Reliance Industries Limited, GE announce signing of global partnership agreement in IIOT
Nov 20, 2016, at 02:05 am
Mumbai, Nov 19 (IBNS): Reliance Industries Limited and GE has announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space whereby RIL and GE will work together to build out joint applications on GE’s Predix platform.
Oxigen Services starts mobile Micro ATM drive
Nov 19, 2016, at 10:32 pm
New Delhi, Nov 19 (IBNS): Payment solution provider, Oxigen Services on Saturday announced Mobile Micro ATM drive to help customers deposit the discontinued Rs. 500 and Rs 1,000 notes in their respective bank accounts.
Shipping Committee of BCC&I organises seminar on Maritime Infrastructure Developments
Nov 19, 2016, at 07:02 pm
Kolkata, Nov 19 (IBNS): The Shipping Committee of Bengal Chamber of Commerce & Industry organized a full day seminar on “Maritime Infrastructure Developments in east and north-east Indiaâ€, recently, at the Bengal Chamber premises.
Vivo launches V5 with unique selfie feature
Nov 19, 2016, at 06:38 pm
Kolkata, Nov 19 (IBNS): China based global smart phone company, Vivo on Friday launched its new mobile V5 featuring 20MP front camera, which is the highest ever in any phone.
Deploy more mobile ATMs in areas with large no. of workforce: Bandaru Dattatreya to FinMin
Nov 19, 2016, at 01:49 am
New Delhi, Nov 18 (IBNS): The Union Labour Ministry has requested the Finance Ministry for deploying more mobile automated teller machines (ATMs) in areas like construction sites and others where there is workforce in large numbers, Minister of State (I/C) for Labour and Employment, Bandaru Dattatreya said at an ASSOCHAM event held in New Delhi on Friday
686 petrol pumps starts dispensing cash against swiping of debit cards
Nov 19, 2016, at 12:43 am
New Delhi, Nov 18 (IBNS): Cash dispensing facility had become operational at 686 retail outlets by 4 p.m on Friday, of which 350 belonged to IOCL, 266 to BPCL and 70 to HPCL, officials said.
Standing against black money; ASSOCHAM urges Govt for relief to SMEs, trade
Nov 18, 2016, at 10:10 pm
New Delhi, Nov 18 (IBNS): Assuring the Prime Minister Narendra Modi of India Inc’s full support in the fight against black money and corruption, the ASSOCHAM has said though the short – term hardship would lead to long-term cleaning up of the economy, some immediate relief should be considered for the industry, SMEs and the trade.
Reduce corporate tax to 25%, ASSOCHAM to Govt
Nov 18, 2016, at 10:03 pm
New Delhi, Nov 18 (IBNS): In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25% to attract more investment in the country while for driving the consumption led demand, income tax for individuals should also be reduced along with upward revision in the exemption limit upto Rs 5 Lakhs.
Indian benchmark indices close on a gloomy note on Friday
Nov 18, 2016, at 09:54 pm
Mumbai, Nov 18 (IBNS): The Indian market ended Friday on a gloomy note, with BSE Sensex down 77.38 points at 26150.24 and Nifty down 5.85 points at 8074.10.
Nissan provides cashless options for customers’ aftersales needs in India
Nov 18, 2016, at 09:48 pm
New Delhi, Nov 18 (IBNS): Nissan India is taking its commitment to excel in customer service and enhance customer convenience by informing customers about cashless payment options through its dealer network.
Volkswagen to cut 30,000 jobs?
Nov 18, 2016, at 09:17 pm
Berlin, Nov 18 (IBNS): German motor giant Volkswagen is likely to cut 30,000 jobs in the next three years, media reports said on Friday.
DIT led British delegation to attend Agro-Tech Show in Chandigarh
Nov 18, 2016, at 08:02 pm
Chandigarh, Nov 18 (IBNS): The United Kingdom (UK) is the guest country at the Agro-Tech Trade Show that will begin in Chandigarh on Saturday.
Amul to set up milk processing plant in West Bengal by 2018
Nov 18, 2016, at 05:55 pm
Joyrambati, Bankura, West Bengal, Nov 18 (IBNS): Dairy cooperative giant Amul will be setting up a 17 acre milk production plant in Sankrail food park in Howrah, West Bengal said the companies MD, Dr. K Rathnam while inaugurating a cattle feed manufacturing plant on Thursday by India Dairy Feeds Ltd here.
Infosys Bangalore DC hosts Rajyotsava Sambhrama
Nov 18, 2016, at 04:48 pm
Bangalore, Nov 18 (IBNS): Infosys Bangalore Development Center (DC) hosted ‘Rajyotsava Sambhrama’, a weeklong celebration of Karnataka Rajyotsava, at its campus recently.
Demonetisation: Modi govt has lost connection with people, says Kejriwal
Nov 18, 2016, at 04:05 pm
New Delhi, Nov 18 (IBNS): Delhi Chief Minister Arvind Kejriwal said that by rejecting a rollback of the ban on 500 and 1000 Indian Rupee notes, the incumbent central government has lost connection with people.