Consortium again fails to find buyers for Kingfisher assets
Apr 30, 2016, at 08:29 pm
Mumbai, Apr 30 (IBNS) The 17-bank consortium led by the State Bank of India did not find buyers to bid for the brands and trademarks of Kingfisher Airlines, earlier owned by liquor baron Vijay Mallya, at an auction held on Saturday, according to media reports.
90 million ZooZoo emoji impressions in just 2 days
Apr 30, 2016, at 04:15 am
Mumbai, Apr 29 (IBNS): Vodafone India’s much loved ZooZoo in its unique emoji avatar generated an estimate of 90 million impressions in just 2 days of its launch on Twitter. Zoozoo fans across the world shared their emotions, using specially designed emojis linked to two hashtags - #BeSuper and #HakkeBakke.
General Motors India strengthens its network in Maharashtra
Apr 30, 2016, at 03:58 am
Solapur, Mar 29 (IBNS) : As part of its commitment to reach out to more customers, General Motors India today inaugurated a new dealership in Solapur, Aarya Chevrolet, increasing its reach to 22 sales outlets and 26 service facilities in the state.
Infosys deepens relationship with Microsoft
Apr 30, 2016, at 02:40 am
Bangalore, Apr 29 (IBNS): Infosys, a global leader in consulting, technology and next-generation services, on Friday announced an expanded relationship with Microsoft Corp., a global leader in platform and productivity solutions, in driving industry-led solutions, to simplify and automate migration to Microsoft products and to accelerate Microsoft Azure-based and other digital transformations for clients.
Cathay Pacific Cargo conducts workshop for trade in Mumbai
Apr 30, 2016, at 02:33 am
Mumbai, Apr 19 (IBNS): Cathay Pacific Cargo conducted its first ever workshop for the freight forwarders in Mumbai recently. This workshop was held to update the trade on the recent developments within the airline, especially those pertaining to the freighter forwarders in Mumbai.
Etihad Airways unveils global fashion week sponsorship
Apr 30, 2016, at 02:27 am
New York/Abu Dhabi, Apr 29 (IBNS): Etihad Airways, the national airline of the UAE, on Friday announced a comprehensive new global agreement with WME | IMG to become a major long-term partner to the fashion industry by supporting 17 fashion week events around the world annually.
EPF interest rate increased to 8.8%
Apr 29, 2016, at 11:22 pm
New Delhi, Apr 29 (IBNS) In a major move, the government on Friday decided to increase interest rate on provident fund deposits to from 8.7 per cent to 8.8 per cent as was thought earlier.
Ministry says sufficient sugar available for the current sugar season
Apr 29, 2016, at 08:38 pm
New Delhi, Apr 29 (IBNS) Ministry of Consumer Affairs, Food & Public Distribution said on Friday that India would have about 30 - 31 million MT sugar stock available for the next sugar season 2016-17, which would be sufficient to meet the domestic consumption.
Global Crude oil price of Indian Basket was US$ 43.86 per bbl on Thursday
Apr 29, 2016, at 07:42 pm
New Delhi, Apr 29 (IBNS) The international crude oil price of Indian Basket as published on Friday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 43.86 per barrel (bbl) on Thursday. This was higher than the price of US$ 43.03 per bbl published on Wednesday.
Land Rover to kick-off Land Rover Experience in Kochi
Apr 29, 2016, at 04:31 am
Mumbai/Kolkata, Apr 28 (IBNS): Land Rover on Thursday announced the kick-off of Land Rover Experience in Kochi.
Infosys Foundation USA partners with National Science Foundation and DonorsChoose.org
Apr 29, 2016, at 02:33 am
Palo Alto, Apr 28 (IBNS): Infosys Foundation USA on Thursday announced its CS for All community giving model, a new private-public-community collaboration that builds on partnerships with the National Science Foundation (NSF) and DonorsChoose.org to provide as many as 2,000 teachers with computer science professional development.
Mytrah Energy raises USD 175 Million
Apr 29, 2016, at 01:12 am
Hyderabad/ Kolkata, Apr 28 (IBNS): Mytrah Energy, an independent Power Producers in renewable energy, on Thursday announced that the Asian Development Bank (ADB) has approved a loan facility of up to US $175 million to help fund the development of a portfolio of new wind and solar projects from Mytrah's pipeline.
Tata Power strengthens its Renewable portfolio; commissions Lahori wind farm in MP
Apr 28, 2016, at 10:58 pm
Mumbai/ Kolkata, Apr 28 (IBNS): Tata Power, India's largest integrated power company, Thursday announced the successful commissioning of its 44 MW Lahori wind farm project, located in Shajapur district of Madhya Pradesh.
Indian benchmark indices slump on Thursday
Apr 28, 2016, at 10:51 pm
Mumbai, Apr 28 (IBNS) The Indian market too felt the heat of negative global sentiment and slumped at close of business on Thursday, with the Sensex falling 461.02 points to 25603.10 and Nifty sliding132.65 points to 7847.25.
Smartphones dent point-and-shoot camera market in a big way says ASSOCHAM report
Apr 28, 2016, at 09:11 pm
New Delhi, Apr 28 (IBNS) The Associated Chambers of Commerce & Industry of India (ASSOCHAM) in a report published on Thursday said that sale of digital cameras with heavy discounts have drastically dropped to mere 35% in the last one year whereas the demand of smartphones has increased by over 120%.
Global crude oil price of Indian Basket was US$ 43.03 per bbl on Wednesday
Apr 28, 2016, at 07:49 pm
New Delhi, Apr 28 (IBNS) The international crude oil price of Indian Basket as published on Thursday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 43.03 per barrel (bbl) on Wednesday. This was higher than the price of US$ 41.68 per bbl publsihed on Tuesday.
Rising trend in uptake of D&O Insurance
Apr 28, 2016, at 04:01 pm
EdgeVerve launches Blockchain Framework for financial services
Apr 28, 2016, at 04:40 am
Bangalore, Apr 27 (IBNS): EdgeVerve Systems, a product subsidiary of Infosys, which offers the Infosys Finacle universal banking solution suite, on Wednesday introduced its EdgeVerve Blockchain Framework designed to further the adoption of blockchain technology by the global financial services sector.
Apr 28, 2016, at 02:19 am
Bangalore, Apr 27 (IBNS) Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment in Trifacta, a leading provider of data wrangling software that enables non-technical users to easily transform data for analysis.
Markets remain cautions ahead of US policy decision and April F&O expiry
Apr 27, 2016, at 09:58 pm
Mumbai, Apr 27 (IBNS) At close of business on Wednesday, Sensex ended up 56.82 points at 26064.12 and Nifty up 17.25 points at 7979.90, ahead of the April Futures and Options expiry on Thursday.
Pratyush Kumar of Boeing India elected Chairman of AmCham India
Apr 27, 2016, at 09:30 pm
New Delhi, Apr 26 (IBNS): At the 24th Annual General Meeting of the American Chamber of Commerce in India (AmCham India) held in New Delhi on Apr 22, Pratyush Kumar, President, Boeing India, was elected as the Chairman of AmCham India.
Government taking measures to deal with bank NPAs: Arun Jaitley
Apr 27, 2016, at 07:48 pm
New Delhi, Apr 27 (IBNS) Speaking at the Second Meeting of the Consultative Committee attached to the Ministry of Finance on the subject: “NPAs in Banking Sector†on Wednesday, Union Finance Minister, Arun Jaitley said that the Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector especially in case of Public Sector Banks (PSBs).
Asia Index Private Limited launches S&P BSE Gold Hedged Indices
Apr 27, 2016, at 06:00 pm
Mumbai, Apr 26 (IBNS) Asia Index Private Limited, a joint venture between S&P Dow Jones Indices and BSE, announced the launch of the S&P BSE SENSEX Gold Hedged Index and S&P BSE SENSEX Dynamic Gold Hedged Index, on Tuesday, to offset currency fluctuation risks.
Global Crude oil price of Indian Basket was US$ 41.68 per bbl on Tuesday
Apr 27, 2016, at 05:32 pm
New Delhi, Apr 27 (IBNS) The international crude oil price of Indian Basket as published on Wednesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 41.68 per barrel (bbl) on Tuesday. This was higher than the price of US$ 41.56 per bbl on previous publishing day of Monday.
Mitsubishi Motors to set up investigation team to check improper conduct in fuel consumption
Apr 27, 2016, at 05:31 pm
Minato, Apr 27 (IBNS) Mitsubishi Motors Corporation (MMC), which had earlier admitted to have used wrong tests to break Japanese rules for 25 years, is setting up a panel of three experts, all from external sources to check on the flaws.
Hyundai Motor India introduces first in segment automatic transmission in Creta Petrol
Apr 26, 2016, at 10:44 pm
New Delhi, Apr 26 (IBNS): Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and largest passenger car exporter on Tuesday announced that it has introduced first in segment Creta Petrol automatic variant (SX+) augmenting the overwhelming response to the most loved Indian Car of the Year.
Nifty closes one point short of its 2016 closing high
Apr 26, 2016, at 10:22 pm
Mumbai, Apr 26 (IBNS) At the close of business on Tuesday, Sensex was up 328.37 points at 26007.30 and Nifty was up 107.60 points at 7962.65 (just one point short of its 2016 closing high so far).
Miles & Smiles Rally 2016’ organized under ‘Experience Hyundai’ programme in Chandigarh
Apr 26, 2016, at 09:52 pm
Chandigarh, Apr 26 (IBNS) Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and largest passenger car exporter organized a Miles and Smiles Rally 2016 for Grand i10 customers in Chandigarh on Sunday under ‘Experience Hyundai’ programme.
No license required for setting up of Machine Tools manufacturing unit
Apr 26, 2016, at 08:50 pm
New Delhi, Apr 26 (IBNS) Minister of State in the Ministry Heavy Industries and Public Enterprises, G.M. Siddeshwara in a written reply in Lok Sabha on Tuesday said that no license is required for setting up of Machine Tools manufacturing unit in India.
Tata Power introduces spot electricity meter billing facility in Mumbai
Apr 26, 2016, at 08:31 pm
Mumbai, Apr 26 (IBNS) Tata Power, India’s leading integrated power company, announced on Tuesday the launch of its Spot Billing facility in Mumbai, where the electricity bill will be instantly generated through a device, which will capture the meter reading along with other necessary details, and printed on the spot .