Essar Oil public shareholders to receive an additional Rs 880 crore over delisting price

Aug 22, 2017, at 10:09 pm

Mauritius, Aug 22 (IBNS): : Essar Energy Holdings Limited (EEHL) and Oil Bidco (Mauritius) Limited (OBML), the Promoters of Essar Oil Ltd (EOL), on Tuesday announced that they will pay to former minority shareholders, who tendered EOL shares in the Delisting Offer, an additional amount of Rs 75.48 per share, based on the current closing numbers, following the closure of the sale transaction with Rosneft and the Trafigura-UCP consortium.

Indian benchmark indices close marginally higher on Tuesday

Aug 22, 2017, at 10:08 pm

Mumbai, Aug 22 (IBNS): The Indian market closed on positive note on Tuesday but brought little cheer as the benchmark indices were only marginally higher, according to media reports.

TataCLiQ.com unveils ‘Shutterbug Lounge’ for photography buffs

Aug 22, 2017, at 10:06 pm

Mumbai, Aug 22 (IBNS): There’s good news for all photography enthusiasts. TataCLiQ.com, Tata group’s multi-brand phygital e-commerce platform has launched a first of its kind photography store called ‘Shutterbug Lounge’, which will feature the best camera brands for sale.

Flipkart launches ‘Flipkart Global’ to enable sellers to export globally

Aug 22, 2017, at 10:05 pm

New Delhi, Aug 22 (IBNS):Flipkart, an e-commerce marketplace, on Tuesday announced the roll-out of ‘Flipkart Global’, a program that will provide its 100,000 plus sellers with an opportunity to export their products to buyers across more than 190 countries.

Mcdonald's India cuts off ties with one of its local partners, outlets in northern and eastern India likely to shut down soon

Aug 22, 2017, at 07:01 pm

New Delhi, Aug 22 (IBNS):The fate of McDonald's chain of restaurants in northern and eastern India are in limbo with McDonald’s India Pvt. Ltd (MIPL), the Indian unit of the American company, severing ties with its local joint venture partner Connaught Plaza Restaurants Pvt Limited (CRPL), according to media reports on Tuesday.

SBI announces festive bonanza for retail customer

Aug 21, 2017, at 10:44 pm

Mumbai, Aug 21 (IBNS): State Bank of India (SBI), country’s largest commercial bank announces waiver of upto 100 percent processing fee on car loans, personal gold loans and personal loans. This is in addition to the existing waiver on processing fee on takeover of home loans.

Yamaha launches touring-friendly Fazer 25 in India

Aug 21, 2017, at 10:37 pm

Mumbai, Aug 21 (IBNS): Yamaha Motor Pvt. Ltd. on Monday launched the much awaited Fazer 25 to its successful and popular FZ Series.

Telecom sector bat for lower financial charges: ASSOCHAM-KPMG study

Aug 21, 2017, at 10:30 pm

New Delhi, Aug 21 (IBNS): The financial stress on the telecom sector can be reduced to a great extent by considering a reduction in spectrum usage charges as well as license fees, according to an ASSOCHAM-KPMG joint study.

Mercedes-Benz launches the AMG GT R and AMG GT Roadster

Aug 21, 2017, at 10:13 pm

Kolkata, Aug 21 (IBNS): The country’s leading luxury car maker Mercedes-Benz India on Monday strengthened its position in the performance car segment by launching two of the most fascinating sports cars available globally.

Indian benchmark indices end lower on Monday

Aug 21, 2017, at 10:08 pm

Mumbai, Aug 21 (IBNS): The Indian market did little to boost investor sentiment on Monday with the BSE Sensex down 265.83 points at 31258.85 and NSE Nifty down 83.05 points at 9754.35.

TTK Prestige launches leading British kitchen appliances brand in India

Aug 21, 2017, at 10:01 pm

Bangalore, Aug 21 (IBNS): TTK Prestige, a kitchen appliances brand, on Monday announced the launch of leading UK brand “JUDGE” Kitchen Appliances into India.

Titan launches Design Awards with Tata Trusts to celebrate innovations that create social change

Aug 21, 2017, at 09:46 pm

Kolkata / Bangalore, Aug 20 (IBNS): Titan Company Limited, India’s largest lifestyle company driven by innovation and design, launched the ‘Design:Impact Awards for Social Change’ in collaboration with Tata Trusts.

Videocon Mobiles launches Metal Pro 2

Aug 21, 2017, at 09:33 pm

New Delhi, Aug 21 (IBNS): A stunning combination of enviable design and commendable functionality, the newly launched Metal Pro 2 smartphone from Videocon sports a premium look with sleek & metal back body.

Tata Motors speedily responds to growing demand of AMT, launches TIAGO XTA (AMT)

Aug 21, 2017, at 12:43 am

Kolkata / Mumbai, Aug 20 (IBNS): TIAGO has been the ultimate game changer for Tata Motors as it continues to set new benchmarks in the fiercely competitive hatchback segment.

Kotak 811, mobile-first Aadhaar-based OTP savings account, now available on web

Aug 20, 2017, at 07:36 pm

Kolkata, Aug 20 (IBNS): Kotak Mahindra Bank (Kotak) on Sunday announced that Kotak 811 can now be opened across multiple digital platforms, providing convenience to anyone seeking to open a bank account instantly, from anywhere in India.

FM Arun Jaitley inaugurates the National Conference on Insolvency and Bankruptcy :Changing Paragdigm in Mumbai

Aug 19, 2017, at 10:56 pm

Mumbai, Aug 19 (IBNS): Union Minister of Finance, Defence and Corporate Affairs, Arun Jaitley said that since the Insolvency and Bankruptcy code has been implemented a few months back, this has changed the debtor and creditor relationship.

A day after Sikka's exit, Infosys decides to buy back shares up to Rs 13,000 crore

Aug 19, 2017, at 07:37 pm

Mumbai, Aug 19 (IBNS) : A day after the exit of Vishal Sikka as CEO, the Infosys Board on Saturday approved a share buyback programme of up to Rs 13,000 crore, reports said.

Indian benchmark indices decline on Friday, RBI says will issue new Rs 50 note soon

Aug 19, 2017, at 02:02 am

Mumbai, Aug 18 (IBNS): Indian benchmark indices ended lower on Friday with BSE Sensex down 270.78 points at 31524.68, and NSE Nifty down 66.75 points at 9837.40.

RBI to issue new Rs. 50 currency notes

Aug 19, 2017, at 01:45 am

New Delhi, Aug 18 (IBNS): The Reserve Bank of India on Friday said it will shortly issue Rs. 50 denomination banknotes in the Mahatma Gandhi (New) Series.

Telecommunications sector to generate 30 lakh jobs by 2018: ASSOCHAM-KPMG

Aug 18, 2017, at 10:50 pm

New Delhi, Aug 18 (IBNS): Roll out of 4G technology with an increase in data, entry of new players in the market, introduction of digital wallets, popularity of smart phone leading to consistent increase in demand for technology and other developments in the telecom sector likely to increase job opportunities by 30 lakhs by 2018, according to an ASSOCHAM-KPMG joint study.

ICICI Bank signs MoU with Government of Odisha for e-governance services

Aug 18, 2017, at 10:07 pm

Bhubaneswar, Aug 18 (IBNS): ICICI Bank, a private sector bank, on Friday said it has signed a Memorandum of Understanding (MoU) with the Department of Electronics & Information Technology, Government of Odisha to provide e-governance services to the people of the state.

Debasis Jana is Chairman and MD of Andrew Yule & Co Limited

Aug 18, 2017, at 09:46 pm

Kolkata, Aug 18 (IBNS): Debasis Jana has been appointed as the Chairman and Managing Director of Andrew Yule & Company Limited, Kolkata.

Narayan Murthy says he will respond to Infosys Board's mail at the right time and at the right forum

Aug 18, 2017, at 09:37 pm

Bengaluru, Aug 18 (IBNS): The war of words between the Infosys Board and founder Narayan Murthy got murkier on Friday with both sides alleging wrong-doing of the other.

TRAI raises penalty for poor mobile services, including call drop

Aug 18, 2017, at 09:13 pm

New Delhi, Aug 18 (IBNS): Telecom Regulatory Authority of India (TRAI) has raised the penalty on telecom operators to Rs five lakh for poor mobile service quality, including call drops, according to media reports on Friday.

Jaitley asks states to reduce VAT on Petroleum Products used for manufacturing

Aug 18, 2017, at 07:13 pm

New Delhi, Aug 18 (IBNS) : Union Fiance Minister Arun Jaitley has written to State Chief Ministers urging the States to reduce burden of Value Added Tax (VAT) on Petroleum Products used as inputs in making of goods after the introduction of Goods and Services Tax (GST).

Vishal Sikka resigns as Infosys CEO

Aug 18, 2017, at 04:34 pm

Bengaluru, Aug 18 (IBNS): Vishak Sikka has put down his resignation papers as the CEO of Infosys.

Godrej Security Solutions urges women to take charge of their security

Aug 18, 2017, at 03:52 am

Mumbai, Aug 17 (IBNS): Godrej Security Solutions kick started a multi-city consumer awareness programme and campaign #IAmSecure.

42% consumers willing to pay premium for prompt customer services, says survey

Aug 18, 2017, at 02:01 am

Mumbai, Aug 17 (IBNS): About 42% consumers are willing to pay a premium for prompt customer service, KANTAR IMRB survey commissioned by American Express revealed.

TVS Motor Company registers revenue growth of 19.3% for quarter ending in June 2017

Aug 18, 2017, at 01:35 am

Mumbai, Aug 17 (IBNS): Two and three-wheeler manufacturer TVS Motor Company has reported a revenue growth of 19.3% for the quarter ended in June 2017.

Indian benchmark indices close marginally higher on Thursday

Aug 17, 2017, at 10:58 pm

Mumbai, Aug 17 (IBNS): The Indian market ended marginally higher on Thursday. with BSE Sensex up 24.57 points at 31795.46 and NSE Nifty up by 5.60 points at 9902.90.