Eicher Motors' promoters sell 4.2 per cent stake in company
May 13, 2016, at 08:51 pm
Mumbai, May 13 (IBNS) Eicher Motors Limited (EML) -- the flagship company of the Eicher Group in India and a leading players in the Indian automobile industry -- announced in a regulatory filing on Friday that two of its promoters and The Eicher Goodearth Trust have sold their 4.2 per cent stake in the company.
Hero Motocorp and Speedbrain join forces in motorcycle rally sports
May 13, 2016, at 08:01 pm
New Delhi/Munich, May 12 (IBNS) Hero MotoCorp Ltd (HMCL), a leading two-wheeler manufacturer, forayed into the world of motorcycle rally racing by forming a strategic partnership with Speedbrain GmbH, the German off-road racing specialist.
Aditya Birla Fashion signs exclusive deal with UK-based designer brand Simon Carter
May 13, 2016, at 07:21 pm
Mumbai, May 13 (IBNS) India’s leading apparel and retail company Aditya Birla Fashion and Retail Limited (formerly known as Pantaloons Fashion & Retail Limited) (ABFRL) announced on Friday that it has signed an exclusive deal to bring the Simon Carter designer wear brand into the country.
Arvind Q4 revenue up by 14% at Rs.2320 cr
May 13, 2016, at 02:00 am
Ahmedabad, May 12 (IBNS): Arvind Limited has recorded growth in the consolidate revenue by 14% at Rs. 2320 crores for the quarter ended 31st March 2016, as against Rs.2041 crores in the corresponding quarter of the previous year.
Yes Bank Payment Solution for Snapdeal wins awards
May 13, 2016, at 01:44 am
Mumbai, May 12 (IBNS): Yes Bank has won multiple awards at The Asian Banker Banker's Choice and Asian Banker Transaction Banking Awards 2016 programme held in Vietnam.
Itron expands Software Center of Excellence in Bangalore
May 12, 2016, at 10:32 pm
Bangalore, May 12 (IBNS) Itron, Inc. (NASDAQ: ITRI), a world-leading technology and services company, announced Thursday it plans to expand its software Center of Excellence by doubling its workforce over the next two years.
HDFC Bank appoints K. Balasubramanian as Head of Corporate Banking
May 12, 2016, at 10:20 pm
Mumbai, May 12 (IBNS): HDFC Bank Ltd., has appointed K. Balasubramanian as the Head of Corporate Banking. Designated Group Head – Corporate Banking.
ITC Sankhya, Bengaluru world's first USGBC LEED Platinum certified Data Centre
May 12, 2016, at 10:07 pm
Kolkata, May 12 (IBNS): The ITC Sankhya Data Centre in Bengaluru has been awarded the highest LEED Platinum certification in the 'Data Centre Category' from the US Green Building Council (USGBC).
ICICI Bank launches contact-less credit card with Jet Airways for SME's
May 12, 2016, at 07:36 pm
Mumbai, May 12 (IBNS) ICICI Bank recently announced the launch of the country’s first contactless business credit card in association with Jet Airways, for small and mid-sized enterprises (SMEs) and their employees.
Gulf Oil Lubricants India Limited records 38.1 percent PAT growth in Q 4
May 12, 2016, at 05:18 pm
Mumbai, May 11, 2016: Gulf Oil Lubricants India Limited, a Hinduja Group Company, on Wednesday reported its financial results for the 4th quarter and year ended March 31, 2016.
Axis Bank enables electronically signed, paperless nomination requests for its customers
May 12, 2016, at 02:48 am
New Delhi, May 11 (IBNS): Axis Bank, taking its Digital Banking initiatives a step forward, has launched 'eSign' for its customers. eSign is an online electronic signature service which facilitates an Aadhaar holder to digitally sign a document within seconds.
MV Agusta Enters India with the Kinetic Group
May 12, 2016, at 12:38 am
Pune, May 11 (IBNS) MV Agusta, the legendary Italian company known for the world’s most premium high-performance superbikes, today announced its official entry into India via an exclusive partnership with Pune’s automobile major, the Kinetic Group.
Havells India Q4 Net Profit up by 35%; Revenues grew by 9%
May 12, 2016, at 12:34 am
New Delhi, May 11 (IBNS): Havells India Limited, a leading Fast Moving Electrical Goods (FMEG) Company, today announced its financial results for the fourth quarter and the financial year ended Mar 31.
Vodafone SuperNet 4G to be available across 1,000 towns
May 12, 2016, at 12:27 am
Mumbai, May 11 (IBNS): Following the successful launch of 4G services across the five circles of Mumbai, Delhi & NCR, Kolkata, Karnataka and Kerala, Vodafone India today announced the next phase of its 4G rollout, which will cover the key circles Gujarat, Haryana, UP (E) and West Bengal. With this roll out, Vodafone SuperNetâ„¢ 4G, will be available across 1,000 towns this year.
Concerns over Mauritius tax treaty pulls down markets on Wednesday
May 11, 2016, at 11:45 pm
Mumbai, May 11 (IBNS) Indian markets ended lower at close of business on Wednesday following the central government's decision to amend its tax treaty with Mauritius allowing for the taxation of capital gains tax on investments channelled through it and weak global cues, media reported.
Supreme Court strikes down TRAI's call-drop mandate
May 11, 2016, at 11:16 pm
New Delhi, May 11 (IBNS) The Supreme Court on Wednesday ruled in favour of telecom companies (telcos) and struck down the Telecom Regulatory Authority of India's (TRAI's) regulation which mandated that telcos have to compensate subscribers for 'call drops', according to media reports.
Symphony Ltd launches world’s first air cooler range with multi-stage air purification system
May 11, 2016, at 11:01 pm
New Delhi, May 11 (IBNS): Leader in the air cooler market, Symphony Ltd on Wednesday said it has launched world’s first air cooler range with multi-stage air purification system that comes with a set of filters that work together to keep the air and water pollutants away and deliver cool and pure air.
Sony launches G Master Brand of professional full-frame lenses
May 11, 2016, at 10:46 pm
Mumbai, May 11 (IBNS) Sony India, a leader in digital imaging solutions, on Wednesday introduced the new G Master brand of interchangeable lens.
Bharat Vasani conferred with the Harvard Law School’s Professional Excellence Award
May 11, 2016, at 09:58 pm
Mumbai /Kolkata, May 11 (IBNS): In yet another international accolade for the Tata group, Bharat Vasani, Chief, Legal & Group General Counsel, Tata Sons has been conferred with the Harvard Law School’s Center on the Legal Profession’s (CLP) Award for Professional Excellence.
DCM Shriram Ltd posts net profit of Rs 51 crore in its March quarter
May 11, 2016, at 09:45 pm
New Delhi, May 11 (IBNS) Leading business conglomerate, DCM Shriram Ltd, which announced its fourth quarter (Q4) and fiscal year 2016 (FY16) financial results on Monday, said that Q4 net revenue increased by 1.8% over the same quarter a year ago to Rs 1,333 crores primarily due to higher volumes in bulk fertilizers, and FY 16 revenue was stable at Rs. 5,841 crores.
Kolkata: Titan Eyeplus launches satellite lens manufacturing facility in Madhyamgram
May 11, 2016, at 09:27 pm
Kolkata, May 11 (IBNS): Titan Eyeplus, India’s leading eyewear retail chain, on Wednesday announced the launch of a new state-of-the-art lens manufacturing facility at Madhyamgram near Kolkata.
Jet Airways to increase capacity on Mumbai-Singapore route
May 11, 2016, at 09:05 pm
Mumbai, May 11 (IBNS): Jet Airways, India’s premier international airline, will upgrade its daily flights between Mumbai and Singapore by deploying its state-of-the-art Airbus A330-200 aircraft, effective June 1.
AskmeBazaar announces the launch of Automobile Category, offers online booking of 2- wheelers
May 11, 2016, at 07:05 pm
Noida, May 11 (IBNS) AskmeBazaar.com on Wednesday announced the launch of the automobile category on its portal.
WhatsApp rolls out new desktop app
May 11, 2016, at 06:22 pm
Mountain View, May 11 (IBNS) Internet messaging app, WhatsApp on Tuesday rolled out its new desktop app.
TN tops with 32% decadal growth in investments attracted by irrigation sector across India: Study
May 11, 2016, at 03:18 am
New Delhi, May 10 (IBNS) Tamil Nadu has ranked on top in terms of growth in live investments attracted by the irrigation sector thereby clocking a compounded annual growth rate (CAGR) of over 32 per cent during the decadal period 2004-05 and 2014-15, apex industry body ASSOCHAM said on Tuesday.
Platts China Steel Sentiment Index back in negative territory in May
May 11, 2016, at 03:12 am
Beijing, May 10 (IBNS) A majority of Chinese steel market participants believe prices will likely fall over the next month due to weaker domestic demand, with the outlook for construction steel particularly bleak, according to the latest S&P Global Platts China Steel Sentiment Index (CSSI), which showed a headline reading of 46.98 out of a possible 100 points in May.
Green measures are an integral part of Primarc's building plans
May 11, 2016, at 02:27 am
Kolkata, May 10 (IBNS) Implementation of environment-friendly measures is not only key to reduce the carbon footprint but also important to help buyers of residential properties to enjoy a better quality of life, agrees eastern India’s leading real estate developer Primarc.
Taiwan is bullish about ‘Smart Products for Smart Cities’ in India
May 11, 2016, at 02:20 am
New Delhi, May 10 (IBNS): The Taiwan Industry Enhancement Project (IEP) is happy to take part in the 2nd Smart Cities India 2016 exhibition starting from May 11 - 13 at the Pragati Maidan Exhibition Centre in New Delhi and will set up the Taiwan Excellence Pavilion to showcase 47 leading Taiwanese brands, 124 smart products themed ‘Smart products for smart cities’ in technology and home industry.
Indian markets recoup intraday losses to end as gainers on Tuesday
May 11, 2016, at 02:15 am
Mumbai, May 10 (IBNS) Despite intraday losses, Indian benchmark indices managed to end as gainers on Tuesday riding on firm global cues.
Tata Motors Group global wholesales at 81,333 nos. in April 2016
May 11, 2016, at 02:10 am
Mumbai/Kolkata, May 10 (IBNS) The Tata Motors Group global wholesales in April 2016, including Jaguar Land Rover, were at 81,333 nos., higher by 5%, over April 2015.