Verizon to acquire Yahoo’s operating business

Jul 26, 2016, at 06:27 am

California, July 26 (IBNS): Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. on Monday announce they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.

Indian markets open the week on a positive note

Jul 26, 2016, at 03:39 am

Mumbai, Jul 25 (IBNS): The Indian benchmark indices began the week on a high note, with Sensex up 292.10 points to 28095.34 and Nifty up 94.45 to 8635.55 at close of business on Monday.

Sanjiv Puri takes over as Chief Operating Officer of ITC Ltd

Jul 26, 2016, at 03:14 am

Kolkata, July 25 (IBNS): ITC Limited on Monday said it has appointed Sanjiv Puri as the Chief Operating Officer of the company.

Corporate governance must earn the trust of the people, says SEBI CGM

Jul 26, 2016, at 03:10 am

Kolkata, July 25 (IBNS): At a conference on corporate governance organized by Indian Chamber of Commerce, V S Sundaresan, CGM of SEBI said that corporate governance must look to earn the trust of the people for the proper running of the business.

Bajaj V sells one lakh bikes in 120 days of launch

Jul 25, 2016, at 10:30 pm

New Delhi, July 25 (IBNS): Bajaj Auto India’s leading two-wheeler company, on Monday announced a stellar milestone of selling one lakh Bajaj V bikes within just 4 months since launch.

Lords Inn, Shirdi appoints Amit Ambre as operations manager

Jul 25, 2016, at 10:26 pm

Mumbai, July 25 (IBNS): Lords Inn, Shirdi – a Lords Hotels and Resorts brand, customized for a pilgrimage tourism experience has appointed Amit Ambre as its Operations Manager recently.

Residents of Punjab can now pay their Electricity bill ‘On the Go’ with Vodafone M-Pesa

Jul 25, 2016, at 09:57 pm

Amritsar, July 25 (IBNS) Vodafone M-Pesa, a unique and innovative Digital Wallet service from Vodafone that offers Money Transfer, Bill & Utility Pay, Merchant Payments and Business Solutions, has partnered with Punjab State Power Corporation Limited (PSPCL), offering millions of people in Punjab a simple, easy-to-use option to pay their electricity bills instantly.

Jet Airways' Jet Privilege achieves 5 million plus members milestone

Jul 25, 2016, at 09:13 pm

Mumbai, July 25 (IBNS): JetPrivilege, the loyalty and rewards management and frequent flyer programme of Jet Airways, India’s premier international airline has crossed a significant milestone of five million programme members.

Infosys Foundation builds houses to rehabilitate communities affected by Cyclone Hudhud

Jul 25, 2016, at 09:03 pm

Vishakhapatnam, July 25 (IBNS): Infosys Foundation, the philanthropic arm of Infosys, today announced that it will be handing over a residential enclave of 200 houses to families that were rendered homeless in the aftermath of cyclone HudHud that struck Andhra Pradesh in October 2014.

Kolkata: Sonalika Tractors unveils DI 750 III Rx

Jul 24, 2016, at 11:22 pm

Kolkata, July 24 (IBNS): Indian tractor manufacturer Sonalika International Tractors on Friday unveiled their new model DI 750 III Rx in Kolkata.

PM urges gems and jewellery industry to work towards establishing a global presence

Jul 24, 2016, at 05:00 am

New Delhi, July 23 (IBNS) Prime Minister Narendra Modi on Saturday urged the gems and jewellery sector in India to look beyond the domestic market and establish a global presence.

ICICI Bank organises Coin Exchange Mela during the 'Ratha Yatra' festival in Puri

Jul 23, 2016, at 12:38 am

Puri, Odisha, July 22 (IBNS): ICICI Bank Ltd has organised a coin exchange mela during the 'Rath Yatra' festival at the RBI financial literacy camp in Bholanath Vidyapith.

Markets reported gains on Friday

Jul 22, 2016, at 09:54 pm

Mumbai, Jul 22 (IBNS): The Indian markets ended as a gainer on Friday, with Sensex up 92.72 points to 27803.24 and Nifty up up 31.10 points to 8541.20

Jet Airways, YouTooCanRun partner to promote running events across India

Jul 22, 2016, at 09:47 pm

Mumbai, July 22 (IBNS): Jet Airways, India’s premier international airline along with YouTooCanRun Sports Management Pvt Ltd, the nation’s premier ‘mass participation endurance events’ service provider, on Friday announced their partnership to promote fitness through running events across India.

ICICI Bank expands semi-urban & rural network in Karnataka; opens five new branches

Jul 22, 2016, at 09:24 pm

Bengaluru, Karnataka, July 22 (IBNS): ICICI Bank Ltd, India’s largest private sector bank, inaugurated five new branches in the villages of Sagar, Channagiri, Harihar, Devadurga and Lingasugur in Karnataka. Each branch houses a 24x7 ATM at its premises.

ICICI Bank expands semi-urban & rural network in Karnataka; opens 5 new branches

Jul 22, 2016, at 06:21 pm

Bengaluru, July 22 (IBNS): ICICI Bank Ltd, India’s largest private sector bank, inaugurated five new branches in the villages of Sagar, Channagiri, Harihar, Devadurga and Lingasugur in Karnataka. Each branch houses a 24x7 ATM at its premises.

Panasonic launches its first microwave range in India

Jul 22, 2016, at 03:44 am

New Delhi, July 21 (IBNS): Panasonic India Pvt. Ltd on Thursday announced its foray into the Solo microwave segment in India.

French Ambassador Ziegler visits Renault-Nissan Alliance plant in Chennai

Jul 22, 2016, at 02:43 am

Chennai, July 21 (IBNS): Ambassador of France to India Alexandre Ziegler visited the Renault-Nissan Alliance plant at Oragadam near Chennai on Thursday.

Axis Bank launches "Happy Holidays Package" for globetrotters

Jul 21, 2016, at 11:37 pm

Mumbai, July 21 (IBNS): Axis Bank, India’s third largest private sector bank, on Thursday announced the launch of ‘Happy Holidays Package’, a one stop Mobile service that offers multiple travel benefits to globetrotters.

Indian markets fail to cheer up on Thursday

Jul 21, 2016, at 10:36 pm

Mumbai, Jul 21 (IBNS): The Indian benchmark indices declined on Thursday largely due to under-performance by some leading stocks, especially from the banking sector, and weak cues from European markets, according to media reports.

Michelin Man to make India debut

Jul 21, 2016, at 10:04 pm

New Delhi, July 21 (IBNS) Michelin, the world’s leading tyre technology leader, on Thursday announced the launch of its first television commercial in the country.

Jet Airways to offer tailor-made fare options under 'Fare Choices'

Jul 21, 2016, at 09:28 pm

Mumbai, July 21 (IBNS): Jet Airways, India’s premiere international airline, on Thursday said it will introduce a new flexible fare structure allowing guests more choice and freedom when booking flights.

Nifty 50 ETFs cross Rs 10,000 cr in AUM

Jul 21, 2016, at 09:21 pm

Mumbai, Jul 21 (IBNS): Total Asset under Management (AUM) of the Nifty 50 Exchange Traded Funds (ETFs) has surpassed the Rs 10,000 crore mark, which helped India’s benchmark index Nifty 50 to reach a new milestone, the leading stock exchange announced on Thursday.

L&T Hydrocarbon led consortium wins contract valued over USD 1.6 billion from Saudi Aramco

Jul 21, 2016, at 08:59 pm

Mumbai, July 21, 2016: L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, announced on Thursday, that the company -- in consortium with EMAS CHIYODA Subsea (ECS), a 50:50 joint venture company owned by Ezra Holdings Limited and Chiyoda Corporation -- has concluded a large EPCI contract from Saudi Arabian oil giant and the biggest oil company in the world, Saudi Aramco.

First Annual Meeting of the Board of Governors of BRICS New Development Bank held in Shanghai

Jul 21, 2016, at 07:06 pm

New Delhi/Shanghai, Jul 21 (IBNS): The First Annual Meeting of the Board of Governors of the BRICS New Development Bank was held on Wednesday at Shanghai, China, where it was decided that Indian will host the second annual meeting in 2017, informed the Union Ministry of Finance.

Hyundai Motor India Surpasses 1 Million Unit Sales of i20 Models

Jul 21, 2016, at 05:33 pm

New Delhi, July 21 (IBNS): Hyundai Motor India Ltd (HMIL) announced that its premium compact hatchback i20 has achieved 1 million units in global sales.

Cabinet approves a MoU signed between India and the Swiss Confederation for cooperation in skill development

Jul 21, 2016, at 03:31 am

New Delhi, July 20 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post-facto approval for a Memorandum of Understanding (MoU) signed between India and the State Secretariat for Education, Research and Innovation of the Swiss Confederation for cooperation in skill development.

Cabinet approves amendment in the Benami Transactions (Prohibition) amendment Bill, 2015

Jul 21, 2016, at 03:22 am

New Delhi, July 20 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for introducing amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament.

Bank of Baroda observes 109th Foundation Day

Jul 21, 2016, at 12:16 am

Kolkata, July 20 (IBNS): Bank of Baroda, Eastern Zonal Office celebrated its 109th Foundation Day on July 20.

GE to repower BPDB’s Ghorashal Station in Bangladesh

Jul 20, 2016, at 10:37 pm

Dhaka, July 20 (IBNS): GE, in a consortium with China National Machinery and Equipment Import and Export Corporation, has been awarded a US$117 million order from Bangladesh Power Development Board (BPDB) for repowering Unit 3 of the Ghorashal Power Plant, the largest power station in Bangladesh, located in the Narsingdi district.