Indian market close on a negative note on Friday

Jul 16, 2016, at 03:36 am

Mumbai, Jul 15 (IBNS): The Indian market ended lower on Friday largely due to weak European cues and Infosys lowering its full year constant currency dollar revenue guidance to 10.5-12 per cent from 11.5-13.5 per cent, according to media reports.

Infosys reports its June 2016 earnings results

Jul 16, 2016, at 03:07 am

Bengaluru, Jul 15 (IBNS): India's second largest IT exporter, Infosys reported its results for the first quarter (ending June 30, 2016) on Friday, which showed that the company's quarterly revenue was up 1.4 per cent from the preceding quarter (q-o-q) and 16.9 per cent from the same quarter a year ago (y-o-y) to Rs 16,782 crore but its net profit declined 4.5 per cent q-o-q but was up 13.4 per cent y-o-y to Rs 3,436 crore.

Petrol,diesel prices slashed

Jul 16, 2016, at 02:36 am

New Delhi, July 15 (IBNS) Giving relief to consumers, petrol and diesel prices were reduced on Friday, officials said.

UK welcomes issuance of HDFC's Masala bond at London Stock Exchange

Jul 16, 2016, at 01:26 am

London, July 15 (IBNS): UK Trade and Investment has welcomed the world's first Masala bond issued by an Indian corporate HDFC at the London Stock Exchange.

Axis Bank inaugurates its “All Women Branch” in West Bengal

Jul 16, 2016, at 01:06 am

Kolkata, July 15 (IBNS): Axis Bank, India’s third largest private sector bank, today announced the opening of its “All Women Branch’’ in Kolkata, the first of its kind branch in the state of West Bengal.

Aditya V Agarwal takes charge as president of Indian Chamber Of Commerce

Jul 16, 2016, at 12:56 am

Kolkata, July 15 (IBNS): Aditya Vardhan Agarwal, Director, Emami Group of Companies has been elected as the President of the Indian Chamber of Commerce for the year 2016-17.

Idea slashes Internet rates; now offers upto 45% more on 4G, 3G and 2G Data packs

Jul 15, 2016, at 10:30 pm

Mumbai, July 15 (IBNS): To drive mobile internet penetration and adoption across the country, Idea Cellular, India’s fastest growing telecom operator, on Friday slashed mobile internet rates to offer more value to customers on their 4G, 3G and 2G data packs. Now Idea users can get up to 45% more data benefits on sachet packs below 1 GB.

Kolkata start-up aspirants get a leg up from mentors

Jul 15, 2016, at 09:47 pm

Kolkata, July 15 (IBNS): The newly formed Kolkata Ventures and the US Department of Commerce organised a programme called Be UR Own Boss: Starting With ZERO Money, recently in Kolkata, where entrepreneurs from diverse fields -- software to journalism -- shared their journeys of braving all odds to be on their own.

Boston Scientific announces launch of integrated facility in India

Jul 15, 2016, at 09:04 pm

Gurugram, July 15 (IBNS) Boston Scientific on Friday officially opened a 100,000 sq. ft. research and development, training and commercial center that will enable it to develop and sell minimally invasive technologies fit for India and the greater Asian market, and train physicians in using them effectively.

Integral PR appoints Sujay Mehdudia as CEO

Jul 15, 2016, at 09:00 pm

New Delhi, July 15 (IBNS): Integral PR Services Pvt Ltd on Friday said it has appointed Sujay Mehdudia, a career journalist, to the post of Chief Executive Officer (CEO). Based out of New Delhi, the head-office, Sujay has spent over 25 years as a journalist covering a variety of Central and State government ministries other than politics and the corporate sector.

Jet Airways to operate Boeing 777 aircraft between Mumbai and Dubai

Jul 15, 2016, at 07:45 pm

Mumbai, July 15 (IBNS): Jet Airways will operate the Boeing 777-300ER aircraft on one of its daily flights between Mumbai and Dubai to meet growing demand on this sector, an official release stated.

WB: Essar's Raniganj (E) block becomes India's highest CBM producer

Jul 15, 2016, at 04:56 am

Durgapur, Jul 14 (IBNS): As the first company in India, Essar Energy has marked the highest production of Coalbed Methane (CBM) gas with its Raniganj (East) block at the rate of 1 million standard cubic metres per day (scmd).

Indian markets close on a positive note on Thursday

Jul 15, 2016, at 04:02 am

Mumbai, Jul 14 (IBNS): The Indian benchmarks ended Thursday on a fresh 10-month closing high, with Sensex up 126.93 points to 27942.11 and Niftyup 45.50 points to 8565.

TCS reports its financial results for June 2016 quarter

Jul 15, 2016, at 03:55 am

Mumbai, Jul 14 (IBNS): Tata Consultancy Services, the leading IT services, consulting and business solutions firm, on Thursday, reported its consolidated financial results according to IFRS in dollar terms for the quarter ended June 30, 2016.

Airtel launches Happy Hours for pre-paid customers

Jul 15, 2016, at 02:30 am

New Delhi, July 14 (IBNS): Bharti Airtel on Thursday announced the launch of 'Happy Hours' for its prepaid customers.

Datsun receives over 10,000 bookings for redi-GO in India

Jul 14, 2016, at 09:22 pm

New Delhi, July 14 (IBNS): Datsun, one of the fastest growing car brands in India, has achieved over 10,000 bookings for its exciting new car, the Datsun redi-GO, since its launch last month.

Good Times Concept Events empanels with Piccadily

Jul 14, 2016, at 09:18 pm

New Delhi, July 14 (IBNS): Good Times Concept Events Management Company recently announced its empanelment with Piccadily, an upscale business-cum leisure property featuring the luxurious five-star hotel at Janakpuri, Delhi.

Power Ministry eases the process of getting electricity connection

Jul 14, 2016, at 08:16 pm

New Delhi, Jul 14 (IBNS): The Union Ministry of Power said on Thursday that it has undertaken several reforms to ease the process of getting electricity, in the past two years.

Kamarajar Port awards work for modification of iron ore terminal for handling coal

Jul 14, 2016, at 07:28 pm

Chennai, Jul 14 (IBNS): Kamarajar Port Limited has signed a Concession Agreement with SICAL Iron Ore Terminal Limited (SIOTL) for modification of its iron ore terminal so that it can handle Common User Coal, the Ministry of Shipping informed on Thursday.

President compliments Darjeeling Tea Association

Jul 14, 2016, at 07:07 pm

Darjeeling, Jul 14 (IBNS): President of India Pranab Mukherjee complimented the Darjeeling Tea Association for having upheld the unique brand name of ‘Darjeeling Tea’ during his address at the Annual General Meeting of the Darjeeling Tea Association on Thursday in Darjeeling, West Bengal.

India's Official Wholesale Price Index for All Commodities for June published

Jul 14, 2016, at 06:19 pm

New Delhi, Jul 14 (IBNS): The Union Ministry of Commerce and Industry, on Thursday, published the official Wholesale Price Index (WPI) for ‘All Commodities’ (Base: 2004-05=100) for the month of June, 2016.

AirAsia continues Skytrax Awards Winning Streak

Jul 14, 2016, at 01:23 am

New Delhi, July 13 (IBNS) AirAsia has been named the World’s Best Low-Cost Airline and Asia’s Best Low-Cost Airline for the eighth year running at the 2016 Skytrax World Airline Awards held at the Farnborough International Airshow.

Tata Power’s Club Enerji saves more than 20, 000 units of energy in Kolkata

Jul 14, 2016, at 01:01 am

Kolkata, July 13 (IBNS) Tata Power's nationwide resource and energy conservation movement Club Enerji, has been constantly spreading awareness about resource conservation across the country, with a strategic focus on national building.

Ola launches E-Rickshaws on its app in Lucknow

Jul 14, 2016, at 12:00 am

Lucknow, July 13 (IBNS) : Ola, India’s most popular mobile app for transportation, on Wednesday announced the launch of electric-rickshaws (popularly known as E-Rickshaws), on its app in Lucknow.

Janani Sewa services introduced at major stations of South Eastern Railway

Jul 13, 2016, at 11:01 pm

Kolkata, July 13 (IBNS) South Eastern Railway (SER) has launched a new initiative “Janani Sewa” services at major stations to benefit the travelling children by providing hot milk, hot water and baby food items.

Jet Airways to operate Boeing 777 Aircraft on Mumbai-Singapore route to meet growing demand

Jul 13, 2016, at 10:55 pm

Mumbai, July 13 (IBNS): Jet Airways, India’s premier international airline, on Wednesday will deploy the Boeing 777-300 ER, the largest aircraft in its fleet, on the Mumbai-Singapore route resulting in a 50% capacity increase on this key sector.

Axis Bank , Vistara unveil cobranded credit card

Jul 13, 2016, at 10:37 pm

Mumbai, July 13 (IBNS): Axis Bank, India’s third largest private sector bank and Vistara, India’s fastest growing full service carrier, on Wedesday launched the contactless Axis Bank Vistara Credit Card on the VISA network platform to cater to the increasingly sophisticated needs of both corporate and leisure travelers.

Cabinet approves revival of defunct fertilizer Units in Gorakhpur, Sindri and Barauni

Jul 13, 2016, at 10:09 pm

New Delhi, July 13 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the revival of defunct Fertilizer Units in Gorakhpur, Sindri and Barauni.

Cabinet approves disinvestment of 15% in NBCC

Jul 13, 2016, at 10:08 pm

New Delhi, July 13 (IBNS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the disinvestment of 15% paid up equity of National Buildings Construction Corporation Limited (NBCC) out of Government of India’s 90% shareholding.

Cabinet approves the Revised Cost Estimate of Punatsangchhu-II Hydroelectric Project in Bhutan

Jul 13, 2016, at 10:06 pm

New Delhi, July 13 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for Revised Cost Estimate (RCE) of Rs. 7290.62 crore for the ongoing 1020 MW Punatsangchhu-II Hydroelectric Project (HEP) in Bhutan.