Bengal Chamber holds its Annual Manufacturing and MSME Conclave
Feb 03, 2018, at 08:20 pm
Kolkata, Feb 3 (IBNS): The second edition of the Annual Manufacturing and MSME Conclave organised by the Bengal Chamber of Commerce and Industry (BCC&I) was inaugurated on Friday at the Chamber's premises in Kolkata.
Cereal prices remain stable, dairy and sugar values dip – UN
Feb 03, 2018, at 03:04 pm
New York, Feb 3 (JEN): Global food prices have remained largely unchanged since December 2017, with January prices stable for cereals and vegetable oils; weaker for dairy and sugar values; and steady for meat, the United Nations agricultural agency said Thursday.
Hero MotoCorp Ltd registers 31 percent growth in January
Feb 03, 2018, at 01:51 am
New Delhi, Feb 2 (IBNS): Fortifying its dominant market leadership at the onset of the New Year, Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer, today reported yet another month of six-lakh plus sales.
Hyundai registers cumulative growth of 8.5%
Feb 03, 2018, at 01:22 am
New Delhi, Feb 2 (IBNS): Hyundai Motor India Ltd (HMIL), the country’s second largest passenger car manufacturer and the largest exporter since inception , on Friday said it has registered the domestic sales of 45,508 units and exports of 10,708 units with cumulative sales of 56,216 units in January 2018.
Delegation of DoPT employees calls on MoS (PP) Dr Jitendra Singh
Feb 03, 2018, at 01:15 am
New Delhi, Feb 2 (IBNS): A delegation of officials of Department of Personnel and Training (DoPT), called on the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh here on Friday.
Cochin Shipyard Limited signs MoU with Russian firm for development of vessels
Feb 03, 2018, at 01:12 am
New Delhi, Feb 2 (IBNS): Cochin Shipyard Limited (CSL) and Joint Stock Company United Shipbuilding Corporation (USC), Russia have signed a Memorandum of Understanding (MoU) to collaborate and engage in Design, Development and Execution of contemporary, State-of-Art vessels for Inland and Coastal Waterways.
Feb 03, 2018, at 01:10 am
Guwahati, Feb 2 (IBNS): In a major development ahead of the Global Investors’ Summit, which begins on Saturday, Assam government on Friday had signed an MoU with National Building Construction Corporation (India) Limited for setting up a Twin Tower Trade Centre in Guwahati with a project cost of Rs 1950 crore in self-financing mode.
CPI-W for December decreases by 2 points
Feb 03, 2018, at 01:08 am
New Delhi, Feb 2 (IBNS): The All-India CPI-IW for December, 2017 dropped by 2 points to touch 286, official government records released on Friday said.
Sify announces the appointment of Regional CEO-West Arindam Mukherjee
Feb 02, 2018, at 10:57 pm
Chennai, India, Feb 2 (IBNS): Sify Technologies Limited, India’s leading Data Center, Cloud, Telecom and Managed Services provider with global delivery capabilities, on Friday announced the appointment of Arindam Mukherjee as Regional CEO for the West region, India.
Voltas launches India’s first Window AC with Inverter Technology
Feb 02, 2018, at 10:35 pm
Mumbai, Feb 2 (IBNS): Voltas Limited, an Indian Air Conditioning brand, has launched India’s first Window Air Conditioner with DC Inverter technology.
Mahindra to Unleash the ‘Future of Mobility’ at the Auto Expo 2018
Feb 02, 2018, at 10:31 pm
Mumbai, Feb 2 (IBNS): Mahindra & Mahindra Ltd., a part of the US $ 19 billion Mahindra Group, on Friday said it is all set to unleash the theme of ‘Future of Mobility’ at the upcoming Auto Expo 2018, in Greater Noida.
Mahindra First Choice Wheels raises $15 million valuing the company at $265 million
Feb 02, 2018, at 10:29 pm
Mumbai, Feb 2 (IBNS): Mahindra First Choice Wheels Ltd. (MFCWL), India’s largest and most diversified used vehicle automotive services provider has raised a new round of $15 Million (Rs. 100 Crores).
TVS Motor Company rolls out TVS Apache RTR 200 4V with ABS
Feb 02, 2018, at 10:20 pm
Hosur/Kolkata, Feb 2 (IBNS): TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers in the world, has introduced the TVS Apache RTR 200 4V with ABS. The carburetor variant of the premium motorcycle will now boast of a first-in-segment Dual-Channel Anti-Lock Braking System (ABS).
The Indian market spirals down to fifth most steep fall in a decade
Feb 02, 2018, at 09:50 pm
Mumbai, Feb 2 (IBNS): A day after the Union Budget, the Indian benchmark indices plunged to fresh lows, posting its fifth-most steep fall in the past ten years, according to media reports.
L&T Construction wins orders valued Rs. 2275 crore
Feb 02, 2018, at 09:24 pm
Mumbai, Feb 2 (IBNS): The construction arm of Larsen & Toubro on Friday said it has won orders worth ₹ 2275 crore across various business segments. Water & Effluent Treatment Business: The business has won orders worth Rs. 1255 Crore.
PM Modi to inaugurate Global Investors’ Summit in Guwahati on Saturday
Feb 02, 2018, at 09:04 pm
Guwahati, Feb 2 (IBNS): Prime Minister Narendra Modi will inaugurate the Advantage Assam – Global Investors’ Summit in Guwahati on February 3.
Corporate sector reacts to Arun Jaitley's pro-poor Budget
Feb 02, 2018, at 03:26 am
New Delhi, Feb 1 (IBNS): The corporate sector has reacted to the last full budget which was present by Union Finance Minister Arun Jaitley on Thursday.
Volatile throughout on Thursday, the Indian market closes lower on Union Budget day
Feb 02, 2018, at 01:26 am
Mumbai, Feb 1 (IBNS): While Union Finance Minister presented the Central government's Budget 2018-19 on Thursday, the Indian market was marked by volatility, ultimately ending the day on negative note, according to media reports.
Jaitley reiterates elimination of cryptocurrencies but says govt will explore blockchain technology
Feb 01, 2018, at 11:45 pm
New Delhi, Feb 1 (IBNS): While presenting the Union Budget 2018-19 on Thursday, Finance Minister Arun Jaitley said that the government will take all steps to eliminate use of cryptocurrencies, which are being used to fund illegitimate transactions.
Fiscal deficit to be 3.3 per cent of the GDP for the coming fiscal year, says FM Jaitley
Feb 01, 2018, at 09:37 pm
New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley, while presenting the General Budget for 2018-19 in Parliament on Thursday, said that this Budget reflects the government’s commitment to substantially boost investment in agriculture, social sector, digital payments, infrastructure and employment generation while simultaneously sticking to the path of fiscal rectitude.
Tata Motors begins 2018 with 43% growth in January
Feb 01, 2018, at 09:29 pm
Kolkata / Mumbai, Feb 1 (IBNS) Tata Motors registered a strong sales performance with its Commercial and Passenger Vehicles domestic sales in January 2018 at 59,441 units as against 41,428 units in January 2017, a growth of 43%.
Incentive for Real Estate sector proposed in Union Budget
Feb 01, 2018, at 09:07 pm
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs, Arun Jaitley, in his latest Budget, has proposed some adjustment in the real estate sector in respect of transactions in immovable property,.
Budget farmer-friendly, development-friencly : Narendra Modi
Feb 01, 2018, at 08:47 pm
New Delhi, Feb 1 (IBNS) : Lauding the Union budget, 2017-18, presented a year ahead of the Lok Sabha polls, Prime Minister Narendra Modi described it as "farmer friendly, common man-friendly, business environment-friendly and development-friendly”.
Country-wide E-assessment to be rolled-out to replace age-old assessment procedure
Feb 01, 2018, at 08:36 pm
New Delhi, Feb 1 (IBNS): In the General Budget 2018-19 presented in Parliament on Thursday, FM Arun Jaitley proposed to amend the Income-tax Act to notify a new scheme for assessment.
FM Jaitley proposes rationalisation of long term capital gains in latest Budget
Feb 01, 2018, at 08:27 pm
New Delhi, Feb 1 (IBNS): Union Finance and Corporate Affairs Minister, Arun Jaitley, in his Union Budget, proposed to tax long term capital gains exceeding rupees one lakh at the rate of 10 per cent without allowing the benefit of any indexation.
Uzbekistan acceded to the Cape Town Convention and Protocol on aviation equipment
Feb 01, 2018, at 08:16 pm
Tashkent, Feb 1 (IBNS): Uzbekistan has acceded to the Cape Town Convention, which is considered to be a leap forward in the field of international aviation law.
Exemption of Interest Income on deposits increased for senior citizens increased to Rs 50,000
Feb 01, 2018, at 08:09 pm
New Delhi, Feb 1 (IBNS): In the Union Budget 2018, FM Arun Jaitley announced several incentives for senior citizens, including raising exemption limit for interest income on deposits.
Union Budget 20818: Standard deduction of Rs 40,000 allowed in lieu of present exemptions
Feb 01, 2018, at 07:57 pm
New Delhi, Feb 1 (IBNS): In the Union Budget 2018, FM Arun Jaitley has proposed to allow a standard deduction of Rs. 40,000 in lieu of the present exemption in respect of transport allowance and reimbursement of miscellaneous medical expenses for salaried taxpayers.
Feb 01, 2018, at 07:56 pm
New Delhi, Feb 1 (IBNS) : Union Finance and Corporate Affairs Minister Arun Jaitely, while presenting the General Budget 2018-19 in Parliament on Thursday, said that the Government has initiated the process of strategic disinvestment in 24 CPSEs including strategic privatization of Air India.
Union budget : MSMEs provided Rs. 3794 Crore for Credit Support and Innovation
Feb 01, 2018, at 07:53 pm
New Delhi, Feb 1 (IBNS) : Announcing that a provision of Rs. 3794 crore has been provided in the General Budget 2018-19 for the Medium, Small and Micro Enterprises (MSMEs), Union Minister for Finance and Corporate Affairs Arun Jaitley said on Thursday that this has been done to provide credit support, capital and interest subsidy and innovations to this Sector.