Indian market closes lower on Tuesday

Mar 21, 2017, at 10:33 pm

Mumbai, Mar 21 (IBNS): The Indian market closed lower on Tuesday with BSE Sensex down 33.29 points at 29,485.45 and NSE Nifty down 5.35 points at 9,121.50.

ESAF Microfinance launches small finance bank

Mar 21, 2017, at 05:21 am

Mumbai, Mar 20 (IBNS): ESAF Small Finance Bank, Kerala's first private sector commercial scheduled bank, was launched in Thrissur, the cultural capital of Kerala.

ICICI Bank opens new branch at Jatia in Guwahati

Mar 21, 2017, at 02:33 am

Guwahati, Mar 20 (IBNS): ICICI Bank, a private sector bank by consolidated assets, inaugurated a new branch at Jatia in the Guwahati city.

GST: Cabinet's approval gives boost to our reform agenda, says Modi

Mar 21, 2017, at 01:39 am

New Delhi, Mar 20 (IBNS): Prime Minister Narendra Modi on Monday said the approval of the four Goods and Services Tax-related bills by the Union Cabinet is a boost to his government's reform agenda.

Bharatiya Mahila Bank to merge with State Bank of India

Mar 21, 2017, at 01:02 am

New Delhi, Mar 20 |(IBNS): The Government of India has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to a larger number of women, at a faster pace,officials said.

NBCC to execute social housing project in Mauritius

Mar 20, 2017, at 11:59 pm

New Delhi, Mar 20 (IBNS): NBCC, a Navratna construction major under the Ministry of Urban Development will execute a US $ 20 million (Rs.130 cr) social housing project in Mauritius.

Pre-Bookings open for Tata TIGOR- India’s first ‘StyleBack’

Mar 20, 2017, at 11:19 pm

Kolkata / Mumbai, Mar 20 (IBNS): Tata Motors on Monday commenced pre-bookings for the Tata TIGOR, India's first ‘StyleBack,' across all authorized dealership with a booking amount of Rs 5000.

Cognizant to cut at least 6000 jobs?

Mar 20, 2017, at 11:02 pm

New Delhi, Mar 20 (IBNS): IT major Cognizant is likely to cut at least 6000 jobs, media reports said.

William Penn launches the Legends by Pennline

Mar 20, 2017, at 10:13 pm

New Delhi, Mar 20 (IBNS): William Penn has come up with Pennline launches which host the diversified collection of pens.

Xiaomi to launch Redmi 4A on Mar 23

Mar 20, 2017, at 10:11 pm

New Delhi, Mar 20 (IBNS): Smartphone manufacturer Xiaomi has announced the launch of Redmi 4A phones.

Indian market ends lower on Monday

Mar 20, 2017, at 09:32 pm

Mumbai, Mar 20 (IBNS): The Indian market ended lower on Monday with BSE Sensex down 130.25 points at 29,518.74 and NSE Nifty down 33.20 point at 9,126.85.

Bridging the employabiity gap was the focus of Next-Gen Employability Conclave in Kolkata

Mar 20, 2017, at 08:30 pm

Kolkata, Mar 20 (IBNS): The Next-Gen Employability Conclave, held recently in Kolkata, focused on bridging the employability gap by bringing together employers and employee to discuss the criteria for being employable.

Kumar Mangalam Birla to be chairman of merged Idea-Vodafone company

Mar 20, 2017, at 07:43 pm

New Delhi, Mar 20 (IBNS): Kumar Mangalam Birla will be the chairman of the telecom company formed with the merger of Idea Cellular and Vodafone, according to media reports.

ICICI Bank announces launch of ‘Mera iMobile’

Mar 20, 2017, at 07:15 pm

Mumbai, Mar 20 (IBSN): ICICI Bank Ltd. has announced the launch of a unique mobile banking app for rural customers that allow them to access banking services as well as information on agri services, an official release stated.

Snapdeal appoints Jason Kothari as CEO of FreeCharge

Mar 20, 2017, at 06:46 pm

Mumbai, Mar 20 (IBNS): Snapdeal on Monday announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge and a commitment to invest an additional $20 million in the company, an official release stated.

Vodafone hosts Vodafone Golf Swing in Panchkula

Mar 20, 2017, at 06:02 pm

Haryana, Mar 20 (IBNS): To celebrate its successful partnership with the enterprise customers, Vodafone Haryana hosted its first ever ‘Golf Swing’, a popular Golf tournament at the Panchkula Golf Course, an official release stated.

Idea and Vodafone merge to create India's largest telecom operator

Mar 20, 2017, at 05:55 pm

New Delhi, Mar 20 (IBNS) : Idea Cellular, the third largest mobile operator in India and the Indian unit of British telecom company Vodafone on Monday announced a merger, creating the country's largest telecom operator in the face of the growing might of Reliance Communications' Jio, reports said.

NEXA collaborates with Amazon India Fashion Week 2017

Mar 20, 2017, at 04:35 pm

New Delhi, Mar 19 (IBNS): Maruti Suzuki India Limited’s premium retail channel NEXA in association with India’s apex industry body for fashion, Fashion Design Council of India (FDCI) on Sunday, presented the NEXA Lifestyle collection at Amazon Fashion Week 2017, an official release stated.

Uber president Jeff Jones quits company

Mar 20, 2017, at 04:09 pm

San Francisco, Mar 20 (IBNS): Jeff Jones, the president of taxi aggregator Uber, has reportedly stepped down from his post, reports said.

Welspun India expands its offering in Advanced Textiles

Mar 19, 2017, at 04:36 am

Anjar, Mar 18 (IBNS): Welspun India Ltd., a leading home textiles manufacturer, has forayed into new technologies in its Technical Textile Business with its Needle Entangled Advance Textile Plant in Anjar. The plant was inaugurated by Minister of Textiles Smriti Irani on Saturday.

MSR Group inaugurates new R&D and support centre in Kolkata

Mar 18, 2017, at 11:35 pm

Kolkata, Mar 18 (IBNS): The new R&D and support centre of IT major, MSR Group, was launched on Saturday by Rajya Sabha MP Pradip Bhattacharya, MMIC, Parks & Gardens, Kolkata Municipal Corporation Corporation, Debashish Kumar and Principal Commercial Officer of US Consulate, Kolkata, Jonathan Ward, an official release stated.

Flipkart clocks record sales for the Moto G5 Plus

Mar 18, 2017, at 09:58 pm

Bengaluru, Mar 18 (IBNS): The much awaited The Moto G5 Plus smartphone, which was launched exclusively on Flipkart, witnessed record sales on the first day of launch, an official release stated.

Intex launches Aqua Trend Lite with mega sound speaker for music lovers

Mar 18, 2017, at 04:28 pm

Mumbai, Mar 18 (IBNS): Intex Technologies, one of the leading mobile handset player, has announced the launch of its new budget smartphone - Aqua Trend Lite with a strong focus on sound quality.

Cathay Pacific reports first loss since 2008

Mar 17, 2017, at 11:08 pm

Mumbai, Mar 17 (IBNS): The Hong Kong-based Cathay Pacific Group reported an attributable loss of HK$575 million for 2016, which compares to a profit of HK$6,000 million in 2015.

Indian market remains subdued on Friday

Mar 17, 2017, at 10:16 pm

Mumbai, Mar 17 (IBNS): The Indian market remained subdued on Friday as investors booked profits following the rally in share prices this week, according to media reports.

Bihar govt signs MoU with Megasoft to enhance IT services with Cloud Technologies

Mar 17, 2017, at 05:22 am

Hyderabad, Mar 16 (IBNS): Megasoft Limited on Thursday announced the award of cloud-enabled solution & services contract by the Bihar State Electronics Development Corporation Ltd. (BELTRON).

Nifty crosses 9100 mark on Thursday

Mar 16, 2017, at 10:19 pm

Mumbai, Mar 16 (IBNS): Despite initial caution about the US Fed Policy meeting, the Indian market ended Thursday on high note with Nifty closing above a record 9100, according to reports.

DSM Sinochem Pharmaceuticals initiates patent litigation against Sinopharm Weiqida Pharmaceutical

Mar 16, 2017, at 05:06 am

Mumbai, Mar 15 (IBNS): DSM Sinochem Pharmaceuticals (DSP), the company producing and commercializing sustainable, enzymatic antibiotics, next generation statins and anti-fungals, announced that it has filed lawsuits against Sinopharm Weiqida Pharmaceutical for patent infringement.

Need comprehensive and sustainable pension system in India: FICCI-KPMG

Mar 16, 2017, at 04:50 am

Kolkata / New Delhi, Mar 15 (IBNS): In order to embark upon the ambitious journey towards a pensioned society, India would require a systemic approach for designing a coherent pension system. As a measure of the enormity of the challenge that India faces, the 2011 Census showed that only 12 per cent of the Indian working population (i.e. approximately 58 million) were covered under any pension plan. The pension savings of the covered population are also not adequate, FICCI – KPMG Knowledge paper on employee pensions in India has stated.

Centre hikes DA by 2%, effective from Jan 1

Mar 16, 2017, at 02:31 am

New Delhi, Mar 15 (IBNS): The Central Government on Wednesday announced a hike in DA (Dearness Allowance) by 2% for all employees and pensioners which would be effective from January 1.