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the Reserve Bank of India on Monday announced its decision that limits placed on cash withdrawals from ATMs stand withdrawn from Wednesday.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.
Volvo S90 and V90 achieve top AEB Pedestrian safety ratings from Euro NCAP
Jan 28, 2017, at 01:15 am
Kolkata, Jan 27 (IBNS): Volvo Cars, the premium car maker, has cemented its position amongst the leaders of automotive safety innovation with its new S90 sedan and V90 wagon by being the first car maker to score a full six points in the Autonomous Emergency Braking for Pedestrians (AEB Pedestrian) test procedure and an overall 5 Star rating for both cars.
GAIL Board approves issuance of bonus shares
Jan 28, 2017, at 01:11 am
New Delhi, Jan 27 (IBNS): GAIL (India) Limited on Friday said it has recommended issuance of one bonus share for every three equity shares held of Rs 10 each fully paid up, subject to shareholders approval.
L&T construction wins orders valued Rs. 1286 Crore
Jan 28, 2017, at 12:43 am
Mumbai, Jan 27 (IBNS): The construction arm of L&T has won orders worth ₹ 1286 crores across its various business segments.
ICICI Bank organised coin exchange mela in Goa
Jan 27, 2017, at 11:39 pm
Panjim, Jan 27 (IBNS): ICICI Bank, India's largest private sector bank by consolidated assets, on Friday organised a coin exchange mela in Goa, last week.
Maruti Suzuki expands best-selling WagonR family with a VXi+ variant
Jan 27, 2017, at 11:33 pm
New Delhi, Jan 27 (IBNS): Maruti Suzuki India Limited, India’s leading passenger vehicle manufacturer, today announced the launch of an all-new VXi+ variant for India’s most loved car, WagonR.
Adobe named leader in web content management systems vendors
Jan 27, 2017, at 10:33 pm
Califiornia, Jan 27 (IBNS): Adobe on Friday announced that the company has been recognized as a Leader in “The Forrester Wave Web Content Management Systems, Q1 2017†report.
ITC Ltd says net profit up over five per cent in an operationally challenging quarter
Jan 27, 2017, at 08:35 pm
Kolkata, Jan 27 (IBNS): ITC Ltd announced the results for the quarter and nine-months ending Dec 2016, on Friday, which showed that the company's net profit has gone up 5.7 per cent for the quarter.
Indian start-up award winners take off on Rocketship-fuelled biz trip to UK
Jan 27, 2017, at 07:51 pm
New Delhi, Jan 27 (IBNS): A group of select young entrepreneurs from India, some of whom have already received angel funding from home, are set to visit the United Kingdom to raise their profile with global investors, incubators and business hubs.
Jan 27, 2017, at 05:15 am
Kolkata, Jan 25 (IBNS): The Bengal Chamber of Commerce & Industry (BCC&I), India’s oldest institution of its kind tracing its origins to 1833, organised a one-day “Workshop on Safe Uses of Pesticidesâ€, in association with Hindustan Insecticides Limited (HIL).
India's first online MF platform offering Direct Plans through Robo Advisory
Jan 27, 2017, at 04:29 am
Kolkata, Jan 24 (IBNS): Moneyfront.in went live with its robo advisory mutual fund investment platform.
Jan 26, 2017, at 07:09 pm
Bangalore, Jan 26 (IBNS): Infosys, a global leader in consulting, technology, outsourcing and next-generation services, on Thursday announced that it has been awarded in the 'Best in Show' category by TM Forum Live! Asia.
Bank of Baroda offers 'Debit Card EMI' to savings bank account holders
Jan 26, 2017, at 05:04 am
New Delhi, Jan 25 (IBNS): Bank of Baroda has launched EMI-purchase finance product for its savings account customers and the product is positioned as Debit Card EMI.
Jet Airways celebrates R-Day by offering special fares across domestic, global network
Jan 25, 2017, at 11:46 pm
Mumbai, Jan 25 (IBNS): Jet Airways, India’s full-service, premiere international airline, on Wednesday announced special fares in connection with the celebrations surrounding India’s 68th Republic Day.
Tata Motors launches Hybrid & Electric buses
Jan 25, 2017, at 11:41 pm
Pune/ Kolkata, Jan 25 (IBNS): Tata Motors, one of the global top 10 truck and bus manufacturers, on Wednesday unleashed the future of mass public transportation at its Pune facility thus reiterating the company’s commitment towards smart and green technology and mobility solutions.
Jan 25, 2017, at 11:40 pm
Kolkata/Pune, Jan 25 (IBNS): TAL Manufacturing Solutions Ltd, a Tata Enterprise a wholly owned subsidiary of Tata Motors, on Wednesday said it is set to take the industrial manufacturing in India by storm by showcasing the compact BRABO 2kg payload range of indigenous Industrial Articulated Robot at the IMTEX 2017.
Link BPO promotion scheme with direct tax benefit: ASSOCHAM plea to Govt.
Jan 25, 2017, at 10:14 pm
New Delhi, Jan 25 (IBNS): Apex industry body ASSOCHAM has suggested the Union Government to link the India business process outsourcing promotion scheme (IBPS) with direct tax benefit.
GST on healthcare will make medicare unaffordable: ASSOCHAM-TechSci study
Jan 25, 2017, at 10:08 pm
Mumbai, Jan 25 (IBNS): The healthcare sector catering to the unmet health needs of the society should be kept out of the purview of the Goods and Services Tax (GST) or else medical care would become expensive and unaffordable for the common persons, said an ASSOCHAM-TechSci Research paper.
Indian market ends higher on Wednesday, Modi-Trump friendly exchange makes market hopeful
Jan 25, 2017, at 09:47 pm
Mumbai, Jan 25 (IBNS): The Indian market has closed higher on Wednesday with the NSE Nifty ending January Futures & Options (F&O) up 126.95 points at 8602.75 and the BSE Sensex up 332.56 points at 27708.14.
Digital Payments: CM committee submits interim report to PM Modi, govt to examine report
Jan 25, 2017, at 07:58 pm
New Delhi, Jan 25 (IBNS): The Union government is yet to take a final decision taken on the recommendations of the Committee of Chief Ministers on Digital Payments, the central Ministry of Finance said on Wednesday.
ICICI Prudential Life plans to focus on expansion through protection business in India
Jan 25, 2017, at 04:17 am
Mumbai, Jan 24 (IBNS): India's only listed life insurer, ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life), a joint venture between ICICI Bank Ltd and Prudential Corporation Holdings Limited, reported its performance for the period ended December 31, 2016 on Tuesday.
Jan 25, 2017, at 03:57 am
Mumbai, Jan 24 (IBNS): The Indian market posted gains for the consecutive second day on Tuesday with BSE Sensex up 258.24 points at 27375.58, the highest level since Nov 10, 2016 and the NSE Nifty up 84.30 points at 8475.80.