Michelin Man to make India debut

Jul 21, 2016, at 10:04 pm

New Delhi, July 21 (IBNS) Michelin, the world’s leading tyre technology leader, on Thursday announced the launch of its first television commercial in the country.

Jet Airways to offer tailor-made fare options under 'Fare Choices'

Jul 21, 2016, at 09:28 pm

Mumbai, July 21 (IBNS): Jet Airways, India’s premiere international airline, on Thursday said it will introduce a new flexible fare structure allowing guests more choice and freedom when booking flights.

Nifty 50 ETFs cross Rs 10,000 cr in AUM

Jul 21, 2016, at 09:21 pm

Mumbai, Jul 21 (IBNS): Total Asset under Management (AUM) of the Nifty 50 Exchange Traded Funds (ETFs) has surpassed the Rs 10,000 crore mark, which helped India’s benchmark index Nifty 50 to reach a new milestone, the leading stock exchange announced on Thursday.

L&T Hydrocarbon led consortium wins contract valued over USD 1.6 billion from Saudi Aramco

Jul 21, 2016, at 08:59 pm

Mumbai, July 21, 2016: L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, announced on Thursday, that the company -- in consortium with EMAS CHIYODA Subsea (ECS), a 50:50 joint venture company owned by Ezra Holdings Limited and Chiyoda Corporation -- has concluded a large EPCI contract from Saudi Arabian oil giant and the biggest oil company in the world, Saudi Aramco.

First Annual Meeting of the Board of Governors of BRICS New Development Bank held in Shanghai

Jul 21, 2016, at 07:06 pm

New Delhi/Shanghai, Jul 21 (IBNS): The First Annual Meeting of the Board of Governors of the BRICS New Development Bank was held on Wednesday at Shanghai, China, where it was decided that Indian will host the second annual meeting in 2017, informed the Union Ministry of Finance.

Hyundai Motor India Surpasses 1 Million Unit Sales of i20 Models

Jul 21, 2016, at 05:33 pm

New Delhi, July 21 (IBNS): Hyundai Motor India Ltd (HMIL) announced that its premium compact hatchback i20 has achieved 1 million units in global sales.

Cabinet approves a MoU signed between India and the Swiss Confederation for cooperation in skill development

Jul 21, 2016, at 03:31 am

New Delhi, July 20 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post-facto approval for a Memorandum of Understanding (MoU) signed between India and the State Secretariat for Education, Research and Innovation of the Swiss Confederation for cooperation in skill development.

Cabinet approves amendment in the Benami Transactions (Prohibition) amendment Bill, 2015

Jul 21, 2016, at 03:22 am

New Delhi, July 20 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for introducing amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament.

Bank of Baroda observes 109th Foundation Day

Jul 21, 2016, at 12:16 am

Kolkata, July 20 (IBNS): Bank of Baroda, Eastern Zonal Office celebrated its 109th Foundation Day on July 20.

GE to repower BPDB’s Ghorashal Station in Bangladesh

Jul 20, 2016, at 10:37 pm

Dhaka, July 20 (IBNS): GE, in a consortium with China National Machinery and Equipment Import and Export Corporation, has been awarded a US$117 million order from Bangladesh Power Development Board (BPDB) for repowering Unit 3 of the Ghorashal Power Plant, the largest power station in Bangladesh, located in the Narsingdi district.

Investor interest and monsoon hold up Indian markets on Wednesday

Jul 20, 2016, at 09:54 pm

Mumbai, Jul 20 (IBNS): The Indian benchmark indices reported gains on Wednesday, with Sensex up 128.27 points to 27915.89, and Nifty up 37.30 to 8565.85, largely due to investor interest in blue chips stocks and the progress of the monsoon, according to media reports.

Dalmia Biz to launch venture in the Indian healthcare industry

Jul 20, 2016, at 09:17 pm

New Delhi, July 20 (IBNS) With the vision to revolutionize the Indian healthcare industry through an innovative and "disruptive" model, Dalmia Biz intends to launch its project aimed at becoming the largest organized player in the sector.

Government to boost Housing Finance sector to meet ‘Housing for All by 2022’

Jul 20, 2016, at 08:14 pm

New Delhi, Jul 20 (IBNS): The government is making all efforts to boost the Housing Finance Sector to ensure that the goal of Affordable Housing for all by 2022 said Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu on Wednesday.

Shiv Khera appointed as brand ambassador of Round Table India & Ladies Circle India

Jul 20, 2016, at 03:34 am

Kolkata, July 19 (IBNS): Round Table India, the non-political and non-sectarian organization recently announced and signed author Shiv Khera, renowned Indian author, motivational speaker and activist, as their Brand Ambassador of global movement Round Table India at Monotel, Kolkata.

SpiceJet, Jet Airways top India's most reputed domestic private airlines list: BlueBytes

Jul 20, 2016, at 02:56 am

New Delhi, July 19 (IBNS): When it comes to flying high in reputation in Indian aviation, national carrier Air India ranks first. SpiceJet leads in domestic private airlines followed by Jet Airways with a 34% lower Brand Rep Score.

Essar Projects bags Rs 300-crore contract from IFFCO

Jul 19, 2016, at 11:35 pm

Mumbai, July 19 (IBNS): Essar Projects, a leading EPC (Engineering Procurement & Construction) company, on Tuesday announced that it has won a Rs 300-crore contract from IFFCO (Indian Farmers Fertilizer Co-operative).

TCS recognized as leader with best in class delivery capability in Testing Services by Everest Group

Jul 19, 2016, at 11:30 pm

Kolkata, July 19 (IBNS): Tata Consultancy Services , a leading global IT services, consulting and business solutions organization, has been recognized as a Leader for the third consecutive year in the Everest Group report, “Independent Testing Services - Market Trends and PEAK Matrix,” June 2016.

Markets close on a positive note on Tuesday

Jul 19, 2016, at 11:19 pm

Mumbai, Jul 19 (IBNS): The Indian benchmark indices ended on a positive note on Tuesday after some choppy trading, with Sensex up 40.96 points to 27787.62 and Nifty up 19.85 points to 8528.55.

New Report: Mining sector can help achieve sustainable development goals

Jul 19, 2016, at 10:11 pm

New York, USA, July 19 (IBNS): Large-scale mining has the potential to play a critical role in helping to achieve the Sustainable Development Goals (SDGs) in resource-rich countries, according to a new report published today on the occasion of the UN High-Level Political Forum in New York.

Government allocates funds for Public Sector Banks' capitalisation needs in 2016-17

Jul 19, 2016, at 09:05 pm

New Delhi, Jul 19 (IBNS): The Union Ministry of Finance announced on Tuesday that in line with the announcements made under 'Indradhanush' and the Union Budget, the central Government has undertaken an exercise to assess the capitalisation needs of Public Sector Banks during the year 2016-17.

Bharat Forge awarded Certificate of Recognition by General Motors

Jul 19, 2016, at 08:42 pm

Pune, Jul 19 (IBNS): Bharat Forge Limited (BFL), the flagship company of the USD 2.5 billion Kalyani Group, has been awarded Certificate of Recognition by General Motors for winning GM’s Global Business by ensuring competitiveness, the company announced on Tuesday.

Emirates introduces world’s first interactive amenity kit in Economy Class

Jul 19, 2016, at 07:45 pm

Kolkata, July 19 (IBNS): Emirates has launched the world’s first interactive amenity kit in Economy Class providing a more comfortable travel experience. The stylish new amenity kits utilise augmented reality (AR) technology to unlock immersive content on mobile devices, an official release read.

Ambrane India ropes in Vijender Singh as its brand ambassador

Jul 19, 2016, at 05:58 pm

New Delhi, July 19 (IBNS): Ambrane India, an IT brand, has roped in Vijender Singh as its new brand ambassador.

Indian benchmark indices decline on Monday

Jul 18, 2016, at 11:24 pm

Mumbai, Jul 18 (IBNS): The Indian benchmark indices wiped out the gains during the last hour of trading on Monday largely due to profit booking by investors, according to media reports.

Piaggio Group’s Aprilia brand to enter the Indian scooter market with SR 150

Jul 18, 2016, at 10:23 pm

Mumbai, July 18 (IBNS): The Piaggio Group continues its growth in India as it expands its offering in the scooter segment with its brand, Aprilia.

Idea slashes 67% rates on 4G, 3G internet packs for both postpaid, prepaid users

Jul 18, 2016, at 10:03 pm

Mumbai, July 18 (IBNS): Continuing with its efforts to drive mobile internet penetration and adoption across the country, Idea Cellular, India’s fastest growing telecom operator, has now slashed the rates of its 4G, 3G BIG Internet packs by upto 67%, providing more value to heavy internet users who consume data packs of 2GB to 10 GB. Earlier last week, Idea had announced the price reduction by 45% in its sachet data packs.

Indian mineral production during May 2016 published

Jul 18, 2016, at 06:15 pm

New Delhi, Jul 18 (IBNS): The central Ministry of Mines has published the index of mineral production of mining and quarrying sector for the month of May (new Series 2004-05=100) 2016 on Monday.

Tata Motors' Xenon customers meet and greet with Team U Mumba players in Kolkata

Jul 18, 2016, at 05:45 pm

Kolkata, July 18 (IBNS): Further to its customer-centric initiatives, Tata Motors on Monday organised a special meet and greet for Xenon customers with the U Mumba team players, in Kolkata.

CCI to sell cotton stock to spinning mills in MSME category only

Jul 16, 2016, at 06:37 pm

Kolkata, Jul 16 (IBNS): With the recent spurt in cotton prices resulting in higher input costs for the spinning sector in India, the Ministry of Textiles on Saturday announced that the Union government has taken a few measure after reviewing the situation.

Essar Energy to invest additional 1000 cr in its West Bengal project

Jul 16, 2016, at 03:38 am

Durgapur/Raniganj, Jul 15 (IBNS): After achieving the milestone of 1 million standard cubic metres per day (scmd) in Coalbed Methane (CBM) gas production from West Bengal's Raniganj (East) Block, Essar Energy will invest additional 1000 crore rupees in the same project to reach a plateau of 3 million scmd by middle of FY2017-18, an official said on Wednesday.