Indian FMCG firms outpace MNCs in growth, revenue: ASSOCHAM-TechSci study

Nov 01, 2016, at 09:52 pm

New Delhi, Nov 1 (IBNS): During the FY 2016, domestic Fast-moving consumer goods (FMCG) companies have performed significantly well vis-à-vis the multinational companies in India, according to the just concluded study by ASSOCHAM-TechSci Research.

Hyundai Motor India registers record cumulative sales with 64,372 units

Nov 01, 2016, at 09:49 pm

New Delhi, Nov 1 (IBNS): Hyundai Motor India Ltd, the country’s leading car manufacturer and the largest passenger car exporter, on Tuesday said it has registered highest-ever domestic sales of 50,016 units and exports of 14,356 units with record cumulative sales of 64,372 units for the month of October 2016.

Tata Motors records a growth of 21% in October 2016

Nov 01, 2016, at 09:43 pm

New Delhi, Nov 1 (IBNS): Tata Motors passenger and commercial vehicle total sales (including exports) in October 2016 were at 52,813 vehicles, a growth of 21%, over 43,486 vehicles sold in October 2015.

September core sector output up 5%

Nov 01, 2016, at 12:17 am

New Delhi, Oct 31 (IBNS): The combined Index of Eight Core Industries stands at 176.1 in September, 2016, which was 5 % higher compared to the index of September, 2015, read a government data released on Monday.

Delta, Virgin Atlantic,Jet Airways expand cooperation with India-US code share via London Heathrow

Oct 31, 2016, at 11:31 pm

Mumbai, Oct 31 (IBNS): Delta Air Lines and Virgin Atlantic on Monday announced expanded cooperation with Jet Airways to provide convenient codeshare connections for customers between key destinations across North America and India via London Heathrow.

Indian benchmark indices end lower on first day of new Samvat; market closed on Monday

Oct 31, 2016, at 10:09 pm

Mumbai, Oct 31 (IBNS): The Indian stock markets remained closed on Monday but conducted business on Sunday as it was the first day of Samvat 2073, the Hindu calendar year, according to media sources.

Fab Group launches “Fab Motors Cycles” in Hyderabad

Oct 31, 2016, at 05:00 pm

Hyderabad, Oct 31 (IBNS): The Fabulous & Beyond Group (Fab) has launched “Fab Motors cycles” on Monday.

Etihad Airways celebrates Diwali in sky

Oct 31, 2016, at 12:32 am

Abu Dhabi, Oct 30 (IBNS): Guests travelling from New York to Abu Dhabi with Etihad Airways, the national airline of the UAE, were treated to a surprise celebration of Diwali ahead of this weekend’s Hindu festival of lights.

GMR Airports submits bid for new international airport in Greece

Oct 29, 2016, at 02:48 am

New Delhi, Oct 28 (IBNS): GMR Infrastructure Limited, India’s leading Infrastructure Company, on Friday announced that its subsidiary, GMR Airports Limited (GAL), has submitted the bid along with its partner GEK Terna Group of Greece for the Development, Operations and Management of New International Airport of Heraklion at Crete Island, Greece.

Gartner says IT spending in the banking and securities Industry in India to reach $7.8 billion in 2017

Oct 28, 2016, at 11:39 pm

New Delhi, Oct 28 (IBNS): IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc.

Gartner says full autonomy may not be possible or desirable in smart machines

Oct 28, 2016, at 11:29 pm

New Delhi, Oct 28 (IBNS): By 2020, smart machines will be a top five investment priority for more than 30 percent of CIOs, according to Gartner, Inc.

Tata Motors stands at no. 3 position in the J.D. Power 2016 India Customer Service Index Study

Oct 28, 2016, at 11:10 pm

Mumbai, Oct 28 (IBNS): Tata Motors on Friday announced that it has achieved No 3 position in the J.D. Power 2016 India Customer Service Index Study.

Indian benchmark indices see marginal gain on last trading session of Samvat year 2072

Oct 28, 2016, at 09:54 pm

Mumbai, Oct 28 (IBNS): The Indian market was able to pick up marginally on Friday with Sensex up 25.61 points at 27941.51 and Nifty up 22.75 points at 8638.

Shipping cargo commitments for Multimodal Terminal at Haldia

Oct 28, 2016, at 09:22 pm

New Delhi/Kolkata, Oct 28 (IBNS): The Inland Waterways Authority of India (IWAI) has received a commitment for transport of 5.92 million tons (MTs) of cargo volume per annum through the Multimodal Terminal at Haldia in West Bengal by the year 2018, the Union Ministry of Shipping said in a release on Friday.

Mahindra drives in its new ‘e2oPlus’

Oct 28, 2016, at 09:15 pm

Kolkata, Oct 28 (IBNS): Mahindra Electric, part of the diversified USD 17.8 billion Mahindra Group and a pioneer in the development and production of electric vehicles in India, on Friday announced the launch of its new electric CitySmart car, the ‘e2oPlus’.

Directorate of Income Tax (Intelligence and Criminal Investigation) holds seminar to discuss tax amendments to curb black money

Oct 28, 2016, at 08:30 pm

Kolkata, Oct 28 (IBNS): The Directorate of Income Tax (Intelligence and Criminal Investigation), recently held a seminar with Chartered Accountants in Kolkata regarding Furnishing of Statement of Financial Transaction under the Income Tax Act & Rules made this year.

Tata Sons slams Cyrus Mistry for e-mail leak to press

Oct 28, 2016, at 05:11 am

Mumbai, Oct 27 (IBNS): In a strong worded statement, Tata Sons has refuted the allegations levelled by Cyrus Mistry, who was removed as the chairman of the group on Monday and also slammed him for leaking to press the "confidential" e-mail sent to the Board.

Nifty ended flat on Thursday but above the psychological 8600-mark

Oct 28, 2016, at 01:25 am

Mumbai, Oct 27 (IBNS): Indian markets closed Thursday with marginal gains owing to weak global cues and asset quality concerns capping the upside, according to media reports.

JSW Steel Limited reported its earnings on Thursday

Oct 28, 2016, at 12:48 am

Mumbai, Oct 27 (IBNS): JSW Steel Limited, part of the JSW group, part of the O P Jindal Group, reported its results on Thursday for the second quarter and the half year ended Sep 30 2016, where it reported consolidated income from operations of Rs 14,421 crores for the quarter.

Union government extends order regarding de-hoarding of sugar

Oct 27, 2016, at 09:31 pm

New Delhi, Oct 27 (IBNS): The Union government has decided to extend the validity of the existing Central Order with respect to sugar by another six months.

Vodafone launches SuperNet 4G in Ahmedabad and Vadodara

Oct 27, 2016, at 09:10 pm

Ahmedabad/Vadodara, Oct 27 (IBNS): Vodafone India, a telecommunication service provider in India, announced the launch of its Vodafone SuperNet 4G service in Ahmedabad & Vadodara, the economic & cultural capital of Gujarat respectively.

Tata Steel says it is compliant with all SEBI regulations

Oct 27, 2016, at 07:24 pm

Mumbai, Oct 27 (IBNS): Tata Steel Limited has submitted its reply to The Exchange on Thursday rafter The Excahnge had sought clarification from the company with respect to a recent news item captioned ''Ousted Tata Chief Says Group Faces $18 Billion in Writedowns''.

Jet Airways expands India-UAE services

Oct 27, 2016, at 07:03 pm

Mumbai, Oct 27 (IBNS): Jet Airways, India’s premier international airlineon Thursday announced plans to further boost connectivity between India and the United Arab Emirates.

Nikon brings incredible array of COOLPIX Series 2016 to celebrate festive season

Oct 27, 2016, at 06:58 pm

Kolkata, Oct 27 (IBNS): Nikon India, the subsidiary of Nikon Corporation Tokyo, leaders in imaging technology is pleased to announce the launch of the Nikon COOLPIX Series 2016 to brighten season’s celebrations for our customers.

ICICI Bank UK PLC launches ‘Money2India Europe’ in Sweden, Norway and Denmark

Oct 27, 2016, at 05:58 pm

Mumbai, Oct 27 (IBNS): ICICI Bank UK PLC, a wholly owned subsidiary of ICICI Bank Ltd, announced the launch of its online money transfer service, ‘Money2India Europe’ in Sweden, Norway and Denmark.

Indian Gold Coin now available through seven banks for Dhanteras along with MMTC’s transparent buy back option through its showrooms

Oct 27, 2016, at 05:57 pm

Mumbai, Oct 27 (IBNS): In the run-up to Diwali, HDFC Bank, ICICI Bank and Andhra Bank has partnered with MMTC and joined the existing league of banks retailing the Indian Gold Coin across the country.

Microsoft introduces Surface Studio and the Windows 10 Creators Update

Oct 27, 2016, at 03:57 pm

New York, Oct 27 (IBNS): Microsoft Corp. on Wednesday unveiled a broad vision to empower a new wave of creativity with a major update coming to more than 400 million Windows 10 devices and the introduction of Surface Studio, Surface Dial and a more powerful Surface Book.

ASSOCHAM organises interactive session with Chinese business delegation

Oct 27, 2016, at 03:57 am

Kolkata, Oct 26 (IBNS): The Associated Chambers of Commerce and Industry of India (ASSOCHAM) organised an interactive session with Chinese business delegation led by Dr. H P Kanoria, Chairman, SREI Foundation, Mahesh Saharia, Chairman Saharia Groupt and Perminder Jeet Kaur, Director, ASSOCHAM at Kolkata

What is Property Insurance and How to Buy It ?

Oct 27, 2016, at 02:35 am

Hero MotoCorp Ltd registers highest-ever sales of 18,23,498 units in a quarter

Oct 27, 2016, at 01:36 am

New Delhi, Oct 26 (IBNS): Two wheeler manufacturer Hero MotoCorp Ltd. (HMCL) on Wednesday reported its best-ever sales as well as financial performance for the second quarter (July–September 2016) and half year (April-September 2016) of FY’17.