Wheat procurement norms for Haryana relaxed

Apr 14, 2015, at 09:12 pm

New Delhi , Apr 14 (IBNS) Untimely rains and hailstorms in March, 2015 have widely damaged wheat crop in Haryana also.

Kotak Mahindra Bank revises Base Rate

Apr 14, 2015, at 07:34 pm

Mumbai, April 14 (IBNS): Kotak Mahindra Bank has reduced its Base Rate from current level of 10% p.a to 9.85% p.a with effect from Apr 16.

Remittances growth to slow sharply in 2015

Apr 14, 2015, at 07:31 pm

Washington, April 14 (IBNS) Growth in global remittances, including those to developing countries, will slow sharply this year due to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble, said the latest released issue of the World Bank’s Migration and Development Brief.

World Bank forecasts India's growth at 8 percent in FY2017/18

Apr 14, 2015, at 07:09 pm

Washington, Apr 14 (IBNS) The World Bank has forecast the India's growth can touch 8 percent in the FY2017/18.

Net Neutrality: Flipkart pulls out of Airtel deal

Apr 14, 2015, at 06:19 pm

Bangalore, Apr 14 (IBNS) Amid the ongoing debate on the issue of net neutrality in India and a backlash of internet users, country's e-commerce marketplace Flipkart on Tuesday said it will be walking away from the ongoing discussions with telecom giant Airtel for their platform Airtel Zero.

Mahindra Bolero retains top spot as India's no. 1 SUV

Apr 14, 2015, at 04:04 am

April 13, Mumbai (IBNS) SUV manufacturer Mahindra & Mahindra Ltd. (M&M Ltd.) on Tuesday announced that its flagship the Bolero has retained its position as India’s No 1 SUV for the 9th consecutive year.

State Bank ATMs to be serviced on Bengali New Year's Day

Apr 14, 2015, at 02:08 am

Kolkata, Apr 13 (IBNS): The State Bank of India has decided to service its ATMs on the Bengali New Year's Day, April 15, 2015, which is a holiday in West Bengal, to cater to the customers' urgent need of cash.

German Chancellor, PM Modi visit Rajasthan Stall at Hannover Messe

Apr 14, 2015, at 01:59 am

Hannover, Apr 13 (IBNS): On the opening day of the Hannover Messe, the world's leading trade fair for industrial technology, German Chancellor Angela Merkel accompanied by Indian Prime Minister Narendra Modi, inaugurated the India pavilion of the trade fair and paid a visit to the Rajasthan stall.

Hyundai Motor makes an connection by sending 'A Message to Space'

Apr 13, 2015, at 07:26 pm

New Delhi, Apr 13 (IBNS) Hyundai Motor has used the brand’s 'New Thinking' approach to connect the most distant of families, setting a novel world record in the process.

Make in India requires urgent creation of new infrastructure: PM Modi

Apr 13, 2015, at 05:22 pm

Hannover, April 13 (IBNS) Indian Prime Minister Narendra Modi has said the strategy for "Make in India” requires creation of new infrastructure.

Nifty down by 2.55 points

Apr 13, 2015, at 03:38 pm

Mumbai, Apr 13 (IBNS): The Nifty is down by 2.55 points during early trade on Monday.

RBI cautions people on 'All Bank Balance Enquiry' App

Apr 11, 2015, at 11:48 pm

New Delhi, Apr 11 (IBNS):The Reserve Bank of India (RBI) on Saturday cautioned people against 'All Bank Balance Enquiry No' App and saidit has not developed any such application.

Kolkata hosts seminar on role of CA in Generation Y

Apr 11, 2015, at 06:41 pm

Kolkata, Apr 11 (IBNS): Eastern India Regional Council of The Institute of Chartered Accountants of India recently organised a seminar on the Role of Chartered Accountants in Generation Y moving from compliance to Reliance at ICAI Bhawan here.

L&T signs MoU with AREVA for Jaitapur Nuclear Power Project

Apr 11, 2015, at 06:24 pm

Mumbai, April 11 (IBNS): Larsen & Toubro (L&T) and France-based AREVA have signed a Memorandum of Understanding for cooperation to maximize localization for the EPR Nuclear Power Plant to be built at Jaitapur, Maharashtra.

Jindal Steel and Power Limited joins Prime Minister's #GiveItUp Call

Apr 11, 2015, at 03:48 am

New Delhi, Apr 10 (IBNS): Jindal Steel and Power Limited (JSPL) on Friday announced its commitment to the "Give it Up" call made by Prime Minister Narendra Modi.

Skipper Limited bags new orders worth INR 400crore from Colombia

Apr 11, 2015, at 03:05 am

Kolkata, Apr 10 (IBNS): Skipper Ltd, a player in the transmission and distribution (T&D) Infrastructure sector of India, having a nameplate capacity of over 175,000 MTPA, on Friday announced that the company has secured new orders worth INR 400crore from Colombia, South America, for 500KV Transmission line towers in Q4 of FY15.

Konica Minolta acquires production printing business of Monotech Systems Limited

Apr 11, 2015, at 02:30 am

New Delhi, Apr 10 (IBNS): Konica Minolta Business Solutions India Pvt Ltd, the sales subsidiary of Konica Minolta Inc., Japan in India, and a dominant player in the production printing market, announces its acquisition of the Production Printing business of Monotech Systems Limited.

Sensex closes flat

Apr 11, 2015, at 12:08 am

Mumbai, Apr 10 (IBNS): The Indian market closed flat with the Sensex falling marginally by 5.83 points on Friday.

IIP surges to 5% in February

Apr 10, 2015, at 11:57 pm

New Delhi, Apr 10 (IBNS): India's Industrial production in the month of February grew grew at 5 percent, government data said on Friday.

Kolkata's Bhajanlal to remain open at night for Samsung S6 and S6 edge launch

Apr 10, 2015, at 04:27 am

Kolkata, Apr 9 (IBNS): Bhajanlal Commercial Pvt. Ltd., a major dealer of latest brands of mobile phones, will keep its store at Shakespeare Sarani area in Kolkata open throughout night anticipating strong demand for the latest models of Samsung mobile phones, S6 & S6 edge.

Hrishikesh Parandekar appointed as CEO for Ambit Finvest and Ambit Private Wealth

Apr 10, 2015, at 04:23 am

Mumbai, Apr 9 (IBNS) Ambit Holdings. today announced the appointment of Hrishikesh Parandekar as CEO for Ambit Finvest and Ambit Private Wealth.

Surya Software helps major banks to manage risk better using Microsoft SQL Server and Data platform

Apr 10, 2015, at 04:12 am

New Delhi / Kolkata, Apr 9 (IBNS): Surya Software, a provider of banking technology, has enabled customers, including major banks, to improve their risk management capability with BALM (Banking Asset Liability Management Solution) based on Microsoft SQL Server.

Microsoft launches new smartphones, upgradable to Windows 10

Apr 09, 2015, at 07:11 am

Kolkata, Apr 8 (IBNS): Microsoft Mobiles on Wednesday launched its two new smartphones, Lumia 640 and Lumia 640 XL, in Kolkata.

NIP NGO hosts panel discussion for blinds

Apr 09, 2015, at 04:54 am

olkata, Apr 8 (IBNS): NIP NGO, an organization that runs computer training centre for the blinds, came up with the unique innovative initiative to aware the people through a panel discussion on “Is The City Disable & Senior Citizen Friendly?”, here.

VFS welcomes RBI move to hike lending Cap for MFI borrowers

Apr 09, 2015, at 04:43 am

Kolkata, Apr 8 (IBNS): Village Financial Services, a leading micro finance institution of eastern region has lauded the recent RBI announcement of raising the borrowing limit of individual borrowers from Rs 50000 to Rs 1 Lakh.

PM Modi, German Chancellor Angela Merkel to open Hannover Messe

Apr 09, 2015, at 12:28 am

New Delhi, Apr 8 (IBNS): As Hannover Messe, the world’s largest industrial fair, is gearing up to receive the Prime Minister of India Narendra Modi for the grand opening ceremony this Sunday, April 12, at the Hannover Congress Centre, the stage is now set for official Partner Country India to showcase its technological expertise and investment opportunities to the world.

Sensex gains more than 190 points

Apr 09, 2015, at 12:04 am

Mumbai, Apr 8 (IBNS): The BSE Sensex ended 191 points higher at the end of the trade session on Wednesday.

Combination of integrity with MUDRA-capital-will be key to success for small entrepreneurs: Modi

Apr 08, 2015, at 09:36 pm

New Delhi, Apr 8 (IBNS): Prime Minister Narendra Modi on Wednesday said that supporting the small entrepreneurs of India is the biggest way to help the Indian economy grow and prosper.

PM Modi launches MUDRA Bank aimed to benefit 5.77 crore MFIs in India

Apr 08, 2015, at 05:02 pm

New Delhi, Apr 8 (IBNS): Prime Minister Narendra Modi on Wednesday launched MUDRA Bank under Pradhan Mantri Jan Dhan Yojana, which is aimed to provide credit of up to Rs 10 lakh to small entrepreneurs.

ICICI Bank cuts base rate by 25 bps to 9.75%

Apr 08, 2015, at 02:43 am

Mumbai, Apr 7 (IBNS): ICICI Bank has announced a reduction of 0.25% in the ICICI Bank Base Rate ('I-Base') with effect from April 10.