Indian benchmark indices fall on global cues and RBI maintaining its key monetary policy rates
Feb 02, 2016, at 11:18 pm
Mumbai, Feb 2 (IBNS) India's benchmark indices BSE Sensex and NSE Nifty fell over 1 per cent on Tuesday, tumbling to 24539 and 7,455.55 as the market closed, largely owing to selling in metal, oil and gas, healthcare and power stocks.
70,000 Le1S phones sold in 2 seconds: LeEco
Feb 02, 2016, at 09:41 pm
New Delhi, Feb 2 (IBNS): Chinese smartphone maker LeEco said 70,000 Le 1s units were sold out in 2 seconds on Tuesday.
India Investment Summit to be inaugurated by union finance minister Arun Jaitley
Feb 02, 2016, at 09:22 pm
New Delhi, Feb 2 (IBNS) Union Finance Minister, Arun Jaitley will inaugurate the two-day India Investment Summit 2016 to be held in New Delhi on Feb 4 and 5 while Union Minister of Urban Development M. Venkaiah Naidu will deliver the opening address during the first session.
Arvind Mediratta named METRO Cash & Carry India's new MD
Feb 02, 2016, at 07:52 pm
Kolkata, Feb 2 (IBNS) Arvind Mediratta has joined METRO Cash & Carry India as their new Managing Director taking over from Rajeev Bakshi, who had joined the company in 2010.
RBI keeps key rates on hold at 6.75 pc
Feb 02, 2016, at 07:05 pm
Mumbai, Feb 2 (IBNS): With the annual general budget awaited end of the month, on expected lines the Reserve Bank of India (RBI) kept its policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent, announced RBI Governor Raghuram G. Rajan on Tuesday.
RBI keeps key rates unchanged at 6.75 pc
Feb 02, 2016, at 04:57 pm
Mumbai, Feb 2 (IBNS) On expected lines, the Reserve Bank of India (RBI) kept its policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.75 per cent, announced RBI Governor Raghuram G. Rajan on Tuesday.
One billion people uses WhatsApp: Mark Zuckerberg
Feb 02, 2016, at 03:34 pm
New York, Feb 2 (IBNS): Facebook CEO Mark Zuckerberg on Tuesday announced smartphone messaging service WhatsApp has hit the billion-user mark.
Maruti Suzuki India's sales decline 2.6 pct in January
Feb 02, 2016, at 02:49 am
New Delhi, Feb 1 (IBNS): Maruti Suzuki India on Monday reported a 2.6 percent dip in the company's total sales in January.
Tata Motors sales for January 2016 at 47,034 units
Feb 02, 2016, at 02:05 am
New Delhi, Feb 1 (IBNS) Tata Motors on Monday said it continued to witness year-on-year growth in the M&HCV segment in January 2016, with a growth of 30%.
Vietnam lifts ban on import of Indian groundnut
Feb 02, 2016, at 01:42 am
New Delhi, Feb 1 (IBNS) Vietnam has formally lifted the ban on import of Indian Groundnut, thereby providing market access after nine months, officials said on Monday.
Mahindra's Auto Sector sells 43,789 units during January 2016, registers a 10% growth
Feb 02, 2016, at 01:23 am
Mumbai, Feb 1 (IBNS): Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, on Monday announced its auto sales numbers which stood at 43,789 units during January 2016 as against 39,930 units during January 2015, representing a growth of 10%.
Cathay Pacific announces rebranding of Dragonair as Cathay Dragon
Feb 02, 2016, at 01:19 am
New Delhi, Feb 1 (IBNS): The Cathay Pacific Group on Monday announced that its wholly owned sister airline Dragonair is to be rebranded as Cathay Dragon.
Index of eight core industries increase 0.9% in Dec 2015
Feb 02, 2016, at 12:25 am
New Delhi, Feb 1 (IBNS): According to a release by the central Ministry of Commerce and Industry, the combined output of eight core industries that comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP), increased by 0.9% in Dec 2015 compared to that of Dec 2014.
CBDT signs 2 bilateral APAs with United Kingdom
Feb 01, 2016, at 11:25 pm
New Delhi, Feb 1 (IBNS) The Central Board of Direct Taxes (CBDT) has entered into two bilateral Advance Pricing Agreements (APAs) with United Kingdom on Jan 29.
Feb 01, 2016, at 10:37 pm
New Delhi, Feb 1 (IBNS) India’s leading motorcycle manufacturer Bajaj Auto has unveiled its highly anticipated all new commuter motorcycle, the "V".
Mahindra & Mahindra sold 9% more vehicles in January compared to the same month a year ago
Feb 01, 2016, at 10:31 pm
Mumbai, Feb 1 (IBNS): Mahindra & Mahindra, one of India's leading utility vehicle (UV) and farm equipment maker, said its total sale of vehicles increased over 9% in January 2016 compared to January 2015.
Jet Airways to introduce in-flight wireless streaming service
Feb 01, 2016, at 10:31 pm
Mumbai, Feb 1 (IBNS): Jet Airways, India’s premier international airline, on Monday announced the introduction of an in-flight entertainment (IFE) streaming service that will redefine the way the airline’s guests view onboard content.
Loss in major banking and auto stocks force Indian market to post loss
Feb 01, 2016, at 10:26 pm
Mumbai, Feb 1 (IBNS): The Indian stock market could not hold on to its opening upbeat trading on Monday and closed at a loss, with the Nifty closing at 7555.95 (down 7.60 points) and Sensex touching 24824.83 (down 45.86 points) largely due to the dip in share prices of banking stocks such as ICICI Bank and State Bank of India and auto major Maruti Suzuki.
Nucleus software announces FinnOne Go Live at Bank of Queensland
Feb 01, 2016, at 10:06 pm
New Delhi, Feb 1 (IBNS) Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, further strengthened its global presence by announcing the successful launch and roll-out of its lending software at Bank of Queensland (BOQ), in Australia.
Infosys undertakes sanitation drive: completes construction of 346 toilets in Odisha
Feb 01, 2016, at 09:59 pm
Bhubaneswar, Feb 1 (IBNS): Infosys Foundation in association with Akanksha, the CSR arm of Infosys Bhubaneswar, on Monday announced the successful completion of construction of 346 toilets in 106 schools of Odisha, as part of its endeavor to support the Prime Minister's 'Swachh Bharat Swachh Vidyalaya Abhiyan' mission in two phases.
Hyundai domestic sales grew by 9.3%
Feb 01, 2016, at 08:41 pm
New Delhi, Feb 1 (IBNS): Hyundai Motor India Ltd, the country’s leading car manufacturer and the largest passenger car exporter, on Monday said it has registered the domestic sales of 38,016 units and exports of 6,214 units with cumulative sales of 44,230 units for the month of January 2016.
Vodafone India rolls out 4G-ready SIM in Bangalore
Feb 01, 2016, at 07:29 pm
Bangalore, Feb 1 (IBNS) As Vodafone India enters the final stages of bringing 4G network to Bangalore, it announced Monday the availability of 4G SIMs for its customers at all of its Vodafone branded stores that are located at prominent locations in and around the Karnataka capital.
Oppo to set up unit in Delhi, invest Rs 1 billion
Feb 01, 2016, at 05:17 am
Mumbai, Jan 31 (IBNS): The Shenzhen based Chinese mobile major Oppo, that made its foray into India last year, plans to set up a manufacturing unit around Delhi/NCR and pump in Rs one billion into the domestic market in the current fiscal.
Haryana eases norms to woo investors, Khattar holds Kolkata roadshow
Feb 01, 2016, at 05:00 am
Kolkata, Jan 31(IBNS): To attract investors, the Haryana government has eased various norms in its new enterprise promotion policy, including the land use process, said Chief Minister Manohar Lal Khattar here on Saturday at an investors' roadshow.
Delegates from Bengal Chamber to attend centenary celebration of their Chittagong counterpart
Jan 30, 2016, at 07:08 pm
Kolkata, Jan 30 (IBNS): A delegation from the Bengal Chamber of Commerce and Industry from India will be attending the centenary celebration of the Chittagong Chamber of Commerce and Industry, Bangladesh, where Sutanu Ghose, president designate, will represent India at the panel discussion titled “Bay of Bengal Growth Triangle and the Southern Silk Route – Completing Vision 2021â€.
Wendt (India) Ltd enters into an agreement to acquire Diamond tool business
Jan 30, 2016, at 03:59 am
Mumbai, Jan 29 (IBNS): Wendt (India) Ltd, have entered into an agreement with a leading Diamond Tool manufacturer, Star Diamond Tools Pvt. Ltd for the acquisition of the Diamond Dressing Tools business.
Jet Airways launches new booking feature FareLock
Jan 30, 2016, at 03:30 am
Mumbai, Jan 29 (IBNS): Jet Airways, India's premier international airline, on Friday introduced a new booking feature FareLock, allowing guests the flexibility to retain a selected fare for a limited period before confirming the purchase at a later date.
JSW Steel post net loss due to impairment charges and decline in sales
Jan 30, 2016, at 02:51 am
Mumbai, Jan 29 (IBNS): JSW Steel, a part of the diversified $11 billion JSW Group, reported its results for the third quarter of financial year 2016 (Q3FY16) and the nine month ended Dec 31, 2015, on Friday, where it posted a net loss of Rs 923 crore compared to a profit of Rs 328 crore in the corresponding period in the previous year, mainly due to impairment charges and decline in sales.
Subdued market conditions slow down order booking of Thermax Ltd
Jan 30, 2016, at 02:22 am
Mumbai, Jan 29 (IBNS): Pune-based Thermax Ltd, which offers solutions in the energy and environment sectors, reported its results for the third quarter of financial year 2015-16 on Friday, where it said that a delay in the core sector revival has lowered its profit after tax (PAT) by 11% to Rs 68 crore compared to the same quarter in the financial year 2014-15, when it had reported a PAT of Rs 76 crore.
Mahindra Lifespaces conducts first ever Urbanscaping initiative at Sion Station
Jan 30, 2016, at 02:07 am
Mumbai, Jan 29 (IBNS): Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, in association with Central Railways and NGO Die Hard Indian, on Friday conducted its first Urbanscaping project at Mumbai’s Sion Station.