Mercedes-Benz kick starts LuxeDrive programme in Kolkata

Mar 19, 2016, at 04:57 am

Kolkata, Mar 18 (IBNS): Leading Luxury car manufacturer Mercedes-Benz recently kick started its customer engagement programme LuxeDrive.

PPF, Kisan Vikas Patra interest rates slashed

Mar 19, 2016, at 04:56 am

New Delhi, Mar 18 (IBNS) Adding more trouble for common man, the government on Friday reduced interest rates on various savings schemes which include PPF, Kisan Vikas Patra (KVP) and senior citizen deposits.

TCS , Million Women Mentors celebrate 650,000 mentor pledge milestone

Mar 19, 2016, at 12:47 am

New York, Mar 18 (IBNS) Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, today announced that Million Women Mentors (MWM)crossed a major milestone by reaching two thirds of the program’s goal of 1,000,000 pledges from STEM mentors for girls, young women and minorities – in only two years since its inception. At a March 15 luncheon in Washington, DC, corporate and nonprofit partners were joined by more than 20 U.S. Senators and Congressional leaders, who spoke regarding the importance of MWM and inspiring more women and girls in under-represented communities to pursue science, technology, engineering, and mathematics education and careers.

Nominal and easily compliable excise duty for the jewellery sector declared in Budget

Mar 19, 2016, at 12:20 am

Kolkata, Mar 18 (IBNS) A nominal 1 percent (without input tax credit) and 12.5 percent (with input tax credit) excise duty has been imposed on articles of jewellery in this year’s budget.

Indian benchmark indices end Friday and the week on positive note

Mar 18, 2016, at 11:27 pm

Mumbai, Mar 18 (IBNS) At close of business on Friday, the Sensex closed at its two-month high level (even though it failed to reclaim its 25000 level) and the Nifty managed to close above its psychological level of 7600 (the first time since Jan 8).

India International Leather Fair begins in Kolkata

Mar 18, 2016, at 11:26 pm

Kolkata, Mar 18 (IBNS) The three-day India International Leather Fair (IILF), organised by India Trade Promotion Organisation (ITPO) was inaugurated at Kolkata's Milan Mela Grounds on Friday.

CG wins usd 35 million business from Indonesian electricity company

Mar 18, 2016, at 09:23 pm

Mumbai, Mar 18 (IBNS) Crompton Greaves Limited (CG) belonging to the Avantha Group informed on Thursday that it has won an order worth USD 35 million (Rs 236 crore approximately) from Indonesia's state-owned electricity company, PT PLN (Persero) to manufacture and install 28 power transformers.

Dahej plant of Torrent Pharma receives USFDA approval

Mar 18, 2016, at 09:20 pm

Ahmedabad/Mumbai, Mar 18 (IBNS) Torrent Pharma, a leading Indian pharma company, informed on Friday that it has obtained the Establishment Inspection Report from the U.S. Food and Drug Administration (USFDA) for its plant located at Dahej SEZ, Gujarat.

Global crude oil price of Indian Basket was US$ 38.05 per bbl Thursday

Mar 18, 2016, at 08:06 pm

New Delhi, Mar 18 (IBNS) The international crude oil price of Indian Basket as published on Fridayby Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 38.05 per barrel (bbl) on Thursday. This was higher than the price of US$ 36.10 per bbl published on Wednesday.

Masterstrokes Advertising acquires Union Advertizing

Mar 18, 2016, at 07:10 pm

New Delhi, Mar 18 (IBNS) Masterstrokes Advertising (P) Ltd, the independent leader in digital & visual advertising, has announced that it has completed its acquisition of Union Advertizing.

CII confers Tata Power with Sustainable Plus Platinum status

Mar 18, 2016, at 01:38 am

Mumbai/ Kolkata, Mar 17 (IBNS): Tata Power, an integrated power Company, on Thursday announced that it has been recognized as one of India's most sustainable companies with the Sustainable Plus Platinum Label for FY2015.

Indian benchmark indices erase early gains and end flat on Thursday

Mar 17, 2016, at 10:08 pm

Mumbai, Mar 17 (IBNS) Despite a strong start on Thursday, the Indian benchmark indices closed on a flat note, with the Sensex down 5.11 points at 24677.37 and the Nifty up 13.80 points at 7512.55.

Spectrum deal boosts Videocon Telecommunications' share price

Mar 17, 2016, at 09:58 pm

Mumbai, Mar 17 (IBNS) Share price of Videocon Industries Limited surged on Thursday following the news that Bharti Airtel Limited will acquire Videocon Telecommunications's spectrum in six circles in the 1800 MHz Band for Rs 4,428 crore.

Ola to add more than 5000 CNG Cabs on its platform in the next one week

Mar 17, 2016, at 09:50 pm

New Delhi, Mar 17 (IBNS) Ola, India’s leading mobile app for transportation is planning to expand its fleet of CNG cabs in Delhi by adding more than 5000 CNG cabs in the next one week.

Trade Smart online launches margin funding product - ‘EquiMax’

Mar 17, 2016, at 09:04 pm

Kolkata, Mar 17 (IBNS) : Trade Smart Online, a leading discount broking house, on Thursday announced the launched of its new product ‘EquiMax’ to provide margin funding for its customers looking to leverage and buy equities in the cash market.

Infosys Foundation to sponsor Robotic Surgery in Kolkata

Mar 17, 2016, at 09:02 pm

Kolkatal, Mar 17 (IBNS): Infosys Foundation, the philanthropic arm of Infosys, has signed a Memorandum of Understanding (MoU) with Asia Heart Foundation, to enable the adoption of robotics in healthcare.

Ola to add more than 5000 CNG Cabs on its platform in the next week, to invest INR 200 crore

Mar 17, 2016, at 07:17 pm

New Delhi, Mar 17 (IBNS) Mobile transportation app, Ola, plans to expand its fleet of CNG cabs in Delhi by adding more than 5000 CNG cabs in the next one week.

Indian markets react positively to unchanged US Fed policy

Mar 17, 2016, at 06:31 pm

Mumbai, Mar 17 (IBNS) The Indian benchmark indices began Thursday on a positive note after the Federal Reserve -- the US central bank -- on Wednesday decided to keep its interest rate policy unchanged.

Global crude oil price of Indian Basket was US$ 36.10 per bbl on Wednesday

Mar 17, 2016, at 05:51 pm

New Delhi, Mar 17 (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$ 36.10 per barrel (bbl) on Wednesday. This was higher than the price of US$ 35.42 published on Tuesday.

HDFC Bank launches SmartUp for start-ups

Mar 17, 2016, at 01:51 am

Mumbai, Mar 16 (IBNS) HDFC Bank Ltd., on Wednesday launched SmartUp, a first-of-its-kind dedicated solution for start-ups, to fulfill all their banking needs.

TCS launches peer-to-peer mobile payment solution with DNB

Mar 17, 2016, at 01:18 am

Mumbai /Kolkata, Mar 16 (IBNS): Tata Consultancy Services, a leading IT services, consulting and business solutions organization, has announced the launch of Norway's first peer-to-peer mobile payment solution with DNB, a financial services group in Norway.

Petrol, Diesel prices hiked

Mar 17, 2016, at 12:46 am

New Delhi, Mar 16 (IBNS): Adding troubles for consumers, petrol and diesel prices have been hiked on Wednesday.

Ruchi Soya launches ‘Nutrela RiceBran Plus’ edible oil in West Bengal

Mar 17, 2016, at 12:07 am

Kolkata, Mar 16 (IBNS): Ruchi Soya Industries Limited (Ruchi Soya), one of India’s leading FMCG companies and manufacturer of healthier edible oils and soya foods in India, in its bid to strengthen product portfolio has launched Nutrela RiceBran Plus cooking oil. Currently, the company is market leader in edible oil category in the country.

Royal Enfield launches Himalayan adventure

Mar 17, 2016, at 12:07 am

Kolkata, Mar 16 (IBNS): Royal Enfield, the fastest growing motorcycle brand in the world, on Wednesday launched the Himalayan—a motorcycle purpose-built for adventure and touring in the Himalayas.

Aviva India appoints Prashant Sharma as Chief Investment Officer

Mar 17, 2016, at 12:06 am

Kolkata, Mar 16 (IBNS): Aviva Life Insurance on Wednesday announced the appointment of Prashant Sharma as the Chief Investment Officer.

Indian benchmark indices recover to post gains on Wednesday

Mar 16, 2016, at 10:38 pm

Mumbai, Mar 16 (IBNS) The Indian benchmark indices, which faced intense selling pressure for the greater part on Wednesday, finally closed in the positive with the Sensex up 131.31 points at 24682.48, and Nifty up 38.15 points at 7498.75.

Rules in respect of Fund Manager Regime under Section 9A of the Income-tax Act, 1961

Mar 16, 2016, at 09:51 pm

New Delhi, Mar 16 (IBNS) The Finance Ministry has informed on Wednesday that Rules for operationalisation of the provisions of section 9A of the Income-tax Act, 1961 have been inserted in the Income-tax Rules, 1961 vide notification dated March 15, 2016.

Ministry allows Reliance Power to enhance coal production at SPL mines

Mar 16, 2016, at 08:52 pm

Mumbai, Mar 16 (IBNS) Reliance Power Limited informed on Wednesday that the Coal Ministry has allowed the company to produce additional coal at its captive mines under Sasan Power Limited (SPL), a wholly owned subsidiary.

Global crude oil price of Indian Basket was US$ 35.42 per bbl on Tuesday

Mar 16, 2016, at 06:03 pm

New Delhi, Mar 16 (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$ 35.42 per barrel (bbl) on Tuesday. This was lower than the price of US$ 36.47 per bbl published on Monday.

ICICI Bank launches contactless mobile payment solution

Mar 16, 2016, at 03:31 am

Mumbai, Mar 15 (IBNS): ICICI Bank on Tuesday unveiled contactless mobile payment solution to enable its credit and debit customers make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal.