India's GDP to grow by 8.8 pc in FY 22: SBI report
Feb 18, 2022, at 10:19 pm
Kolkata/UNI: The country's gross domestic product (GDP) for the full year (FY22) would grow by 8.8 percent, 0.5 percentage point down than the earlier estimate, a State Bank of India research report said on Friday.
Delhi HC sets up arbitration tribunal to settle Hero trademark dispute
Feb 18, 2022, at 09:29 pm
New Delhi: The Delhi High Court has set up arbitration tribunal of three retired judge to settle a trademark dispute between Hero Electric and Hero Moto Corp Hero.
OSM signs MoU with Israel's EVR Motors to manufacture electric motor in India
Feb 18, 2022, at 07:22 am
New Delhi: Omega Seiki Mobility (OSM) and EVR Motors, an Israeli start-up designing a new and patented motor topology, Thursday announced a strategic partnership to manufacture electric motors in India.
Nestle India Q4 net profit down by 20 pc YoY to Rs Rs 387 cr
Feb 18, 2022, at 05:26 am
Nestlé India Ltd on Thursday reported a net profit of Rs 386.6 crore for the quarter ended December 2021, down 20 percent from Rs 483 crore recorded in the same quarter the year before.
Honda H’ness CB350 & CB350RS now available at CSD Stores
Feb 18, 2022, at 01:38 am
New Delhi/IBNS: Honda H’ness CB350 & CB350RS will be available at Canteen Store Departments (CSD) across the country, Honda Motorcycle & Scooter India said today.
Uniform manufacturers witness high demand as schools reopen after drop in Covid cases: Report
Feb 17, 2022, at 10:08 pm
Mumbai/IBNS: As schools across the country get back to life with students coming back for physical classes, uniform manufacturers are witnessing a significant uptick in demand for school uniforms, reports the latest JD Mart Consumer Insights.
ED files money laundering case against ABG Shipyard Ltd
Feb 17, 2022, at 07:06 am
The Enforcement Directorate (ED) has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for cheating a consortium of banks of over Rs 22,842 crore, media reports said.
Jio Platforms to invest $200 million in Google-backed consumer internet company Glance
Feb 17, 2022, at 05:34 am
Jio Platforms (JPL), the digital unit of Reliance Industries (RIL), has agreed to invest $200 million (about Rs 1,500 crore) for a roughly 17 percent stake in Glance, a Google-backed consumer internet company, which allows users to consume personalized content even with a locked smartphone screen.
Ratan Tata honoured with Assam's highest civilian award 'Assam Baibhav'
Feb 17, 2022, at 05:12 am
Guwahati/IBNS: Assam Chief Minister Dr Himanta Biswa Sarma on Wednesday conferred the "Assam Baibhav", the state's highest civilian award, on legendary businessman and philanthropist Ratan Naval Tata at a function held in Taj Wellington Mews in Mumbai.
Singapore Airlines firms up order for seven Airbus A350F freight aircraft
Feb 17, 2022, at 03:04 am
Singapore Airlines (SIA) has firmed up an order for seven Airbus A350F freighters, with options for five more aircraft, the company said in a statement.
JSL and ISM Dhanbad ink MoU for joint R&D projects
Feb 17, 2022, at 02:28 am
Jajpur: Jindal Stainless Limited (JSL) and Indian Institute of Technology (ISM) Dhanbad today signed an MoU to jointly carry out research and development on various projects.
PNB MetLife launches Guaranteed Goal Plan
Feb 17, 2022, at 02:05 am
New Delhi: With an aim to assist customers using need-based products & solutions, PNB MetLife has launched their PNB MetLife Guaranteed Goal Plan, a savings-oriented life insurance plan that offers guaranteed returns and allows for customization to customers’ savings schedules.
Fisdom partners with Bank of Maharashtra to offer Wealth Management services
Feb 17, 2022, at 02:01 am
New Delhi: Fisdom, India’s leading wealth-tech company has joined hands with Bank of Maharashtra (BoM), to offer a comprehensive suite of wealth management products and services to over 29 million customers of the bank.
Jaguar Land Rover announces partnership with NVidia
Feb 17, 2022, at 01:56 am
Gaydon, UK/Santa Clara, CA: Jaguar Land Rover has formed a multi-year strategic partnership with NVidia, the leader in artificial intelligence (AI) and computing, to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers.
TCS iON partners with NTTF to launch industry-led skilling programs
Feb 17, 2022, at 01:18 am
Mumbai: TCS iON, a strategic unit of Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) and vocational education and training institute Nettur Technical Training Foundation (NTTF) have launched high-demand skill development programs across sectors, in the areas of robotics, automation, manufacturing, and electronics, in a unique phygital model, developed by the former.
Reliance Jio and SES JV to offer satellite-based broadband service
Feb 16, 2022, at 10:40 pm
Mumbai: Reliance Industries-owned Jio Platforms Ltd and SES have announced a joint venture – Jio Space Technology Limited – to deliver satellite-based broadband services. SES is a satellite-based content connectivity solutions provider.
MG Motor India launches an Industry-First futuristic car exploration platform: MG eXpert
Feb 16, 2022, at 09:17 pm
Gurugram: MG Motor India on Wednesday announced the launch of MG eXpert, an industry-first product exploration experience.
New Zealand bicycle brand Avanti is now in India
Feb 16, 2022, at 08:35 pm
Mumbai: Scott Sports India, a legendary bicycle brand, introduces 'Avanti', which is set to be a household name in India.
Feb 16, 2022, at 08:06 pm
Fashion retail major Aditya Birla Fashion and Retail (ABFRL) is looking to acquire 10 digitally native or direct-to-consumer (D2C) brands over the course of the next 12-14 months and simultaneously launch five-six such brands in-house as it tries to grab a share of the rapidly-growing D2C segment, Moneycontrol reported.
Assam Golden Pearl tea sold at Rs 99,999 per kg at GTAC
Feb 16, 2022, at 03:44 pm
Guwahati: After the ‘Manohari Gold Tea’, another line of golden pearl, a speciality tea of Assam, was sold at a record price of Rs 99,999 per kilogram at Guwahati Tea Auction Centre (GTAC).
SEBI changes requirement for separation of chairperson and MD, CEO roles voluntary
Feb 16, 2022, at 08:03 am
Mumbai/IBNS: It will be no longer mandatory for listed companies to separate posts of chairperson and managing director (MD) or chief executive officer (CEO), market regulator Securities and Exchange Board of India (SEBI) on Tuesday decided in a meeting.
Tata Group appoints former chairman of Turkish Airlines Ilker Ayci as CEO of Air India
Feb 16, 2022, at 07:22 am
Mumbai/IBNS: The Tata Group has appointed former chairman of Turkish Airlines Ilker Ayci as Air India's new CEO and MD, the conglomerate announced Tuesday.
RBI extends time for implementation of guidelines for upgrading NPA accounts
Feb 16, 2022, at 06:44 am
The Reserve Bank of India (RBI) extended the time to implement the stricter prudential norms applicable on all lenders to September 2022 in connection with the guidelines regarding upgrading an NPA account as standard but upon clearing all dues.
ABG Shipyard Case: CBI issues lookout notice for directors
Feb 16, 2022, at 04:23 am
The Central Bureau of Investigation (CBI) issued lookout notices against Rishi Agarwal and other directors of ABG Shipyard in connection with the Rs 23,000-crore bank fraud case so that they are not able to leave the country while the case is investigated, media reports said.
India’s exports increase by 36.76 pc YoY in Jan
Feb 16, 2022, at 02:17 am
New Delhi/IBNS: India’s overall exports (Merchandise and Services combined) in January 2022 are estimated to be $ 61.41 billion, exhibiting a positive growth of 36.76 percent over the same period last year and a positive growth of 38.90 percent over January 2020.
Unacademy signs MoU with Himachal Pradesh govt to empower aspirants for competitive exams
Feb 16, 2022, at 01:21 am
Kolkata/IBNS: Unacademy today entered into a Memorandum of Understanding (MoU) with the Govt of Himachal Pradesh to identify and empower meritorious students from the state to prepare for competitive exams. The pilot under the MoU will be conducted in Hamirpur district.
Feb 16, 2022, at 12:20 am
New Delhi: Life Insurance Corporation of India (LIC), the market leading insurer and financial conglomerate, has mentioned that every policyholder shall have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before Feb 28 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue.
Kotak introduces new mother benefit policy for its ‘Wonder Women’
Feb 15, 2022, at 11:34 pm
Kolkata: In an initiative to support the commitment of working women, Kotak Mahindra Bank Limited (“KMBL” /”Bank”) on Tuesday announced a New Mother Benefit policy, that will offer financial support to new mothers for a period of one year after return to work, to help them set up a reliable support system for newborn and mother herself.
Feb 15, 2022, at 11:23 pm
Kolkata: Manufacturer of small commercial vehicles Piaggio Vehicles Pvt Ltd (PVPL) entered West Bengal market with its first three-wheeler EV experience centre, Essem Tekno Services Pvt. Ltd. in Kolkata.
SpiceJet's Q3FY22 profit at Rs 42.45 crore after reporting loss for seven consecutive qtrs
Feb 15, 2022, at 11:01 pm
Mumbai/IBNS: Budget carrier SpiceJet Ltd on Tuesday reported a profit for the Q3FY22 after suffering losses for seven continuous quarters, riding on increase in fliers and higher yields. The airline recorded a consolidated net profit of Rs 42.45 crore in the December quarter compared to a loss of Rs 66.78 crore in the same quarter previous year.