India, France ink pact on railway modernisation

Jun 10, 2019, at 09:06 pm

New Delhi, June 10 (UNI): India and France on Monday signed an agreement to support India’s modernisation of railways stations.

L&T Construction bags contracts for its various businesses

Jun 10, 2019, at 05:45 pm

Mumbai, Jun 10 (UNI) Larsen and Toubro L&T said that its Construction arm has secured orders from prestigious clients across various Indian states for its varied businesses.

Reserve Bank of India penalises Kotak Mahindra Bank for Rs 2 crore

Jun 10, 2019, at 05:38 pm

Mumbai, June 10 (UNI )The Reserve Bank of India (RBI) imposed a monetary penalty of Rs two crore on Kotak Mahindra Bank Limited for non-compliance, with the directions issued to the bank by RBI in exercise of its powers under Sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act), to furnish information specified therein. 

Indian market: Sensex up by 168.62 pts

Jun 10, 2019, at 05:22 pm

Mumbai, Jun 10 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday went up by 168.62 points at 39,784.52 on renewed buying in Materials, IT, Technology, Auto and Capital Goods stocks, amid positive global cues. 

Indian market: Sensex declines by 98.30 pts during week

Jun 08, 2019, at 04:08 pm

Mumbai, Jun 8 (UNI) The benchmark index of Bombay Stock Exchange (BSE) fell by 98.30 points to settle at 39,615.90 in the week ended on Friday after the forecast of a delay in the onset of the southwest monsoon and concerns over global trade tensions in Amercial and China.

Kamdhenu Ltd. to enhance production capacity of ‘Kamdhenu Colour Max’ in West Bengal

Jun 07, 2019, at 06:13 pm

Kolkata, June 7 (IBNS): Kamdhenu Ltd., a full-scale one stop building materials solutions company is planning to augment its manufacturing capacity in West Bengal for the production of its high qality range of colour coated sheets ‘Kamdhenu Colour Max’.

Indian market: Sensex recovers by 86.18 pts

Jun 07, 2019, at 04:26 pm

Mumbai, Jun 7 (UNI) The BSE Sensex on Friday recovered by 86.18 points to end positive at 39,615.90, snapping a losing streak of last two session on fresh gains in IT, Telecom, Bankex and Consumer Durable stocks.

World Bank downgrades global growth forecasts, poorest countries hardest hit

Jun 07, 2019, at 09:42 am

New York, June 7 (IBNS): The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.

UN ‘financial crisis,’ years in the making, Guterres tells budget body, proposes solutions

Jun 07, 2019, at 09:38 am

New York, June 7 (IBNS): The UN’s financial crisis has been years in the making and is undermining the organization’s mandates and reform efforts, Secretary-General António Guterres told the Fifth Committee,  the body responsible for the United Nations budget,  on Tuesday.

Azim Premji to retire as Wipro chairman, son Rishad to take over

Jun 06, 2019, at 10:31 pm

Mumbai, Jun 6 (IBNS): IT veteran Azim Premji will retire as the executive chairman of the Wipro Limited with effect from July 30.

Market welcomes RBI's decision to cut repo rate by 25 bps

Jun 06, 2019, at 04:34 pm

Mumbai, Jun 6 (IBNS): The Reserve Bank of India (RBI)'s decision to cut the repo rate by 25 basis points (bps) has received a good response from the market.

Loans could get cheaper as RBI cuts repo rate by 25 bps to 5.75 pc

Jun 06, 2019, at 01:00 pm

Mumbai, Jun 6 (UNI): Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points (bps) to 5.75 per cent with immediate effect in its second bi-monthly monetary policy, RBI Governor Shaktikanta Das said.

RBI cuts repo rate by 25 bps

Jun 06, 2019, at 12:10 pm

Mumbai, Jun 6 (IBNS): For the third time in a row, the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points on Thursday, media reports said.

Goa CM Pramod Sawant assures industry of 'single window' clearance system in three months

Jun 06, 2019, at 11:09 am

Panaji, Jun 6 (UNI): Goa Chief Minister Pramod Sawant has assured the Goan industry of a single window clearance system through the Goa Investment Promotions and Facilitation Board in three months time.

Work on Economic Census- 2019 gathers momentum

Jun 05, 2019, at 08:40 pm

New Delhi, Jun 5 (UNI): Confronted with problems of joblessness and slump-down in Gross Domestic Product, the National Democratic Alliance Government has begun preparations to hold the seventh economic census in the country.

TRA launches most trusted brand report

Jun 05, 2019, at 07:50 pm

Hyderabad, Jun 5 (UNI): Trust Research Advisory's (TRA) most trusted brands report, India study, 2019, in its ninth edition, has listed the country’s 1,000 most trusted brands based on a primary study with consumer-influencers and on TRA’s proprietary model of brand trust.

World Bank lowers 2019 global growth forecast, maintains projection for China

Jun 05, 2019, at 05:25 pm

Washington, June 5 (Xinhua) The World Bank on Tuesday lowered its global growth forecast for 2019 to 2.6 percent, while maintaining its growth projection for China at 6.2 per cent, according to the newly released semi-annual Global Economic Prospects report.

Alliance Air starts flight service from Jharsuguda to Bhubaneswar and Raipur

Jun 05, 2019, at 04:58 pm

Bhubaneswar, Jun 5 (UNI) Alliance Air, a subsidiary of state-run Air India today started direct flights from Veer Surendra Sai (VSS) Airport at Jharsuguda to Bhubaneswar and Raipur.

World Bank puts India's growth forecast at 7.5 percent for fiscal 2020

Jun 05, 2019, at 09:06 am

Washington, June 5 (IBNS): In its current forecast, World Bank has put India's growth rate at 7.5 percent in the present financial year.

Airtel Payments Bank enables BHIM UPI based payments at over 500,000 merchants

Jun 04, 2019, at 05:24 pm

Kolkata, June 4 (IBNS): Airtel Payments Bank on Tuesday said that it has enabled open loop BHIM UPI based payments at over 500,000 merchant points across India, allowing consumers to make digital payments for good and services by using any BHIM UPI enabled bank or payments app over their mobile phones.

TVS Motor Co. registers growth in May 2019

Jun 04, 2019, at 05:11 pm

Kolkata, Jun 04 (UNI) TVS Motor Company registered sales of 307,106 units in May 2019 as against 309,865 units in May 2018.

No alteration in deadline of filing annual GST return

Jun 04, 2019, at 05:03 pm

New Delhi, Jun 4 (UNI) The Government on Tuesday cleared the air that there would be no change in the last date for filing of annual return of the GST for FY 2017-18.

Indian market: Sensex down by 184.08 points

Jun 04, 2019, at 05:01 pm

Mumbai, Jun 4 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Tuesday slipped by 184.08 points to settle at 40,083.54 on profit booking by local operators at higher level.

Sahara enters Automobile Sector; rolls out the largest range of Electric

Jun 04, 2019, at 03:15 pm

Lucknow, Jun 4 (IBNS): Sahara India Pariwar has announced its foray into the automobile sector, under the brand name, ‘Sahara Evols’. The business venture will cater India’s largest range of Electric Vehicles (EVs) along with advanced allied services.

Bajaj Auto marks sale rise by 3 pct in May

Jun 03, 2019, at 05:11 pm

Mumbai, Jun 3 (UNI) Bajaj Auto has reported a rise of three percent in its total sale for the month of May 2019 at 4,19,235 units as compared to 4,07,044 units in May 2018.

May 2019 sale of Suzuki Motorcycle India moves up by 17.70 pc

Jun 03, 2019, at 05:07 pm

Mumbai, Jun 3 (UNI) Suzuki Motorcycle India (SMIPL), a subsidiary of two-wheeler manufacturer, Suzuki Motor Corporation reported 17.70 per cent increase in sales for the month of May 2019.

TVS Motor Company records sales of 307,106 units in May 2019

Jun 03, 2019, at 05:05 pm

Bengaluru, June 3 (UNI) Auto major TVS Motor Company has registered a total sales of 307,106 units in May 2019 as against 309,865 units in the month of May 2018.

Ashok Leyland May 2019 figures down by 4 pc

Jun 03, 2019, at 04:56 pm

Mumbai, Jun 3 (UNI) Commercial Vehicle Major, Ashok Leyland Ltd has reported a drop of 4 per cent in its May 2019 total sales at 13172 units as against 13659 units in May 2018.

Indian Market: Sensex new closing high at 40,267.62 pts; up 553.42 pts

Jun 03, 2019, at 04:52 pm

Mumbai, Jun 3 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday hit all-time high at 40,267.62 zoomed up by 553.42 points following gains HDFC and Reliance Industries even fall in crude oil prices and hope of rate cut by the RBI's Monetary Policy Committee (MPC) too lifted investor sentiment.

HeroMoto Corp moves up by 6.01 pc to Rs 2842.50

Jun 03, 2019, at 04:41 pm

Mumbai, Jun 3 (UNI) HeroMoto Corp on Monday rallied by 6.01 per cent to Rs 2842.50 to be the top gainers in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).