State Bank of India lowers MCLR; interest rate on home loans

Apr 09, 2019, at 06:41 pm

Mumbai, Apr 9 (UNI) Country’s largest lender State Bank of India (SBI) on Tuesday announced that it has reduced its MCLR by 5 basis points across all tenors with one year MCLR coming down from 8.55 per cent per annum to 8.50 per cent per annum.

Croma opening its store in Kolkata

Apr 09, 2019, at 05:48 pm

Kolkata, Apr 9 (IBNS): Croma, India’s first and only Omni-channel electronics retailer from the Tata Group with 130 stores pan India, is now at Sarat Bose Road, opposite Kolkata RTO. 

Indian Market: Sensex regains, ends higher at 38,939.22 pts on fresh buying amid

Apr 09, 2019, at 05:27 pm

Mumbai, Apr 9 (UNI) The BSE Sensex bounced back on Tuesday by 238.69 points to end volatile session on a positive note at 38,939.22 on fresh buying in Auto, Bankex, Realty, Health Care and Finance counters amidst stronger cues from global peers. The Nifty of National Stock Exchange (NSE) too edged up by 67.45 points to 11,671.95.

Indian Overseas Bank reduces interest rate on loans

Apr 09, 2019, at 05:21 pm

New Delhi, Apr 9 (UNI) Taking a cue from the latest policy measures announced by the Reserve Bank of India and to support growth of economy, the Indian Overseas Bank has reduced its interest rate on loans by 5 basis points in one year and above tenors effective April 10, 2019.

BMW recalls cars in China over electrical fault

Apr 09, 2019, at 05:15 pm

Beijing, Apr 9 (Xinhua/UNI) German auto brand BMW has begun recalling 121,381 vehicles in China due to an electrical problem that may lead to the malfunction of the cars' electronic module.

Petrol prices move down by 5 p/l; diesel remains stable

Apr 09, 2019, at 04:51 pm

New Delhi, Apr 9 (UNI) Petrol prices witnessed a decline by 4 to 5 paise per litre while diesel remains unchanged on Tuesday.

Wizard, OYO’s hospitality loyalty program, reaches 1 million subscribers within nine months of launch

Apr 09, 2019, at 04:28 pm

New Delhi, Apr 9 (IBNS) : OYO Hotels and Homes, one of China’s top four, and the world’s fastest-growing chain of leased and franchised hotels, homes & living spaces, on Tuesday announced that OYO Wizard, India’s largest hospitality loyalty program, has reached the milestone of 1 million Wizard memberships within nine months of its launch.

Orient Electric launches India’s first 5-blade portable fans with CTX technology

Apr 09, 2019, at 03:36 pm

Kolkata, Apr 9 (IBNS): Orient Electric Limited, part of the diversified USD 1.8 billion CK Birla Group, has rolled out its 5-blade Wind-Pro series of portable fans featuring the revolutionary CTX (concentric winding) technology which ensures silent operation, high air thrust and low power consumption along with higher reliability.

Land Rover opens bookings for locally manufactured range Rover Velar at Rs. 72.47 lakh

Apr 09, 2019, at 02:15 pm

Mumbai, Mar 9 (IBNS): Automobile giant Jaguar Land Rover India on Tuesday announced the start of local manufacturing of Range Rover Velar.

Jaguar Land Rover gives aluminium a second life

Apr 08, 2019, at 05:34 pm

Whitley, Apr 8 (IBNS): Car manufacturing major Jaguar Land Rover is developing the next phase of its aluminium closed loop strategy with an innovative recycling initiative to transform the vehicles of today into the cars of tomorrow.

Yes Bank drops by 2.66 pc to Rs 260

Apr 08, 2019, at 04:47 pm

Mumbai, Apr 8 (UNI) Yes Bank on Monday slipped by 2.66 per cent to Rs 260 to be the top losers in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).

Indian Market: Sensex falls 161.70 pts

Apr 08, 2019, at 04:43 pm

Mumbai, Apr 8 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday declined by 161.70 points to settle at 38,700.53 on profit booking at higher level by local operators.

TVS launches 4 new products in Bangladesh

Apr 08, 2019, at 04:27 pm

Dhaka, Apr 8 (UNI) In order to target growing customer demand, auto manufacturer TVS Motor Company on Monday unveiled four new products here in Bangladesh.

BSE inks pact with HDFC Bank to give a boost to the Startups platform

Apr 08, 2019, at 04:17 pm

Mumbai, Apr 08 (UNI) With an aim to further strengthen the BSE Startups platform, BSE, has signed a memorandum of understanding (MoU) with HDFC Bank.

AIBA urges Reserve Bank of India to take holistic view to merge LVB into PSBs

Apr 08, 2019, at 09:43 am

Hyderabad, Apr 8 (UNI) All India Bank Employees' Association (AIBEA) has urged Reserve Bank of India (RBI) to consider of merging Lakshmi Vilas Bank Limited (LVB) into one of the Public Sector banks instead of merging with Indiabulls Housing Finance Limited (IBH).

Traders Forum to announce poll strategy on April 12

Apr 06, 2019, at 04:30 pm

Chennai, Apr 6 (UNI) The Tamil Nadu Vanigar Sangankalin Peravai (Traders Forum) on Saturday announced that it would vote for those parties which gives an assurance that foreign trade would not be allowed in India and retrieve the country from the clutches of World Trade Agreement and a final announcement on the Peravai's stand in the Lok Sabha polls would be made on April 12.

Indian Market: Diesel gets dearer by 6 p/l; petrol remains stable

Apr 06, 2019, at 03:45 pm

New Delhi, Apr 6 (UNI) Diesel gets dearer by 5 to 6 paise per litre while petrol remains unchanged on Saturday.

David Malpass becomes 13th President of World Bank Group

Apr 06, 2019, at 06:01 am

Washington, Apr 6 (IBNS): The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the World Bank Group for a five-year term beginning on Tuesday.

Petrol gets dearer by 5 p/l; diesel price remains stable

Apr 05, 2019, at 04:20 pm

New Delhi, Apr 5 (UNI) Petrol prices gets dearer by 5 paise per litre while diesel remains unchanged on Friday.

Jet crisis: Lenders to pursue Bank-Led Resolution Plan for sale of stake

Apr 04, 2019, at 11:50 pm

Mumbai, Apr 4 (IBNS): The Lenders of Jet Airways (India) Limited met on Thursday to take stock of the current situation of the company.

RBI cuts Repo rates by 25 bps to 6 per cent, loans expected to get cheaper

Apr 04, 2019, at 01:11 pm

Mumbai, Apr 4 (UNI): The Reserve Bank of India on Thursday cut the repo rate by 25 basis points to 6 per cent.

Agreed to sacrifice control of airline for lasting welfare: Jet Airways ex-chairman Naresh Goyal

Apr 03, 2019, at 09:48 pm

Mumbai, Apr 3 (IBNS): Amid the growing crisis, promoter and former chairman of Jet Airways Naresh Goyal on Wednesday said he has agreed to sacrifice the control and interest in the Airline for the sake of its lasting welfare.

Panasonic’s online brand Sanyo forays into air conditioners, launches duo cool inverter ACs in India

Apr 03, 2019, at 05:52 pm

Kolkata, Apr 3 (IBNS): Sanyo, Panasonic’s online brand, on Wednesday announced its foray into the Air Conditioner segment and launched a lineup of Inverter Air Conditioners in the country.

Mahindra first Indian brand to roll out 3 million tractors

Apr 03, 2019, at 05:43 pm

Mumbai, Apr 3 (IBNS): Automobile major Mahindra & Mahindra Ltd., part of the USD 20.7 billion Mahindra Group, on Wednesday announced that it had become the first Indian tractor brand to rollout 3 million tractors.

India's GDP to grow at 7.2pc in 2019, says ADB

Apr 03, 2019, at 05:36 pm

New Delhi, Apr 3 (UNI) The Asian Development Bank (ADB) on Wednesday projected India’s GDP to grow at 7.2 per cent in 2019 and 7.3 per cent in 2020 due to stronger consumption, lower policy interest rates and income support to farmers.

TVS Radeon crosses 1 lakh sales milestone

Apr 03, 2019, at 05:34 pm

Hosur, Apr 3 (UNI) Two and three-wheeler manufacturer TVS Motor Company on Wednesday announced that their 110cc commuter motorcycle TVS Radeon has crossed the 1 lakh sales milestone.

Indian Market: Sensex down by 179.53 pts

Apr 03, 2019, at 05:22 pm

Mumbai, Apr 3 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Wednesday went down by 179.53 points to 38,877.12 on protit booking by local operators at higher level.

Indian market: Reference rate fixed at 68.4896 against USD

Apr 03, 2019, at 03:04 pm

Mumbai, Apr 3 (UNI) The Financial Benchmarks India Private Limited (FBIL) on Wednesday fixed the reference rate at 68.4896 against the US Dollar down by 63.02 paise over the previous rate of 69.11.98.

Jet fuel prices up by 1 per cent from April

Apr 02, 2019, at 06:33 pm

New Delhi, Apr 2 (UNI) Prices of aviation turbine fuel (ATF) have been increased by 1 per cent effective from April 1, this year.

Nissan India appoints Sriram Padmanabhan as Vice President- Marketing

Apr 02, 2019, at 05:56 pm

New Delhi/Kolkata, Apr 2: Automobile major Nissan India on Tuesday said it has appointed Sriram Padmanabhan as Vice President – Marketing, Nissan Motor India Private Limited (NMIPL).