Encourage venture funding in SME sector
May 14, 2016, at 05:17 pm
Kolkata, May 11 (IBNS) SME sector in India is managed by the promoter families and is considered to be the backbone of growth of Indian Economy today. Any large establishment has ancillary operation which are also run by these SME sector. The main cost component is the cost of fund which are borrowed mainly from nationalized banks in excess of promoters own contribution.
NRL and Chempolis Oy sing term sheet for bio-refinery joint venture
May 14, 2016, at 04:23 am
Guwahati, May 13 (IBNS) : Impletation of Numaligarh Refinery Ltd (NRL)’s ambitious Bio Refinery project, the first in the country, a Bio Refinery Term Sheet was signed between NRL and Chempolis Oy, Finland on Thursday in New Delhi, officials said.
Intel India expands education solutions ecosystem to boost use of technology
May 14, 2016, at 04:21 am
New Delhi, May 13 (IBNS): Intel India on Friday announced its latest initiative to strengthen the use of technology in the education ecosystem. In its continued effort to contribute to the Government’s Digital India vision, the company is aiming to accelerate the penetration of technology in the country’s education sector.
Mytrah Energy surpasses capacity target for 2016 season
May 14, 2016, at 02:05 am
Hyderabad/ Kolkata, May 13 (IBNS): Mytrah Energy, one of India’s largest independent Power Producers in renewable energy is pleased to announce that an additional 210 MW has been commissioned at its Vajrakarur 2, Nidhi and Nazeerabad projects, increasing the Company's operating wind portfolio to 826.4 MW at the start of the 2016 wind season, 83 MW ahead of the Company’s initial target.
HCIL launches Honda BR-V in West Bengal
May 14, 2016, at 01:42 am
Kolkata, May 13 (IBNS): Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, on Friday introduced its new model Honda BR-V.
Kolkata: HDFC Bank launches SmartUp
May 14, 2016, at 01:17 am
Kolkata, May 13 (IBNS): HDFC Bank Ltd., on Friday launched SmartUp, a first-of-its-kind dedicated solution for start-ups in Kolkata.
Indian markets end lower on Friday
May 13, 2016, at 10:49 pm
Mumbai, May 13 (IBNS) Indian markets faltered on Friday with its benchmark indices ending lower largely due to a drop in industrial production in March and a jump in retail inflation.
May 13, 2016, at 09:50 pm
New Delhi, May 13 (IBNS): A leading sports technology delegation from the State of Victoria, Australia visited India from May 9 to 13 to embark on their first sportstech trade mission with the aim of forging partnerships with their Indian counterparts.
JM Financial's consolidated profit up by 21 per cent in FY 2016
May 13, 2016, at 09:45 pm
Mumbai, May 13 (IBNS) JM Financial Ltd, which reported its fourth quarter (Q4) and full year 2016 results on Friday, said that its FY 16 consolidated revenue was up by 20 per cent to Rs.1,685 crore and consolidated profit up by 21 per cent to Rs. 400 crore.
Khaugalideals.com aims to reach 50 crore revenue in 2016
May 13, 2016, at 09:18 pm
New Delhi: May 13 (IBNS) India’s biggest Restaurant discovery and discount deals company khaugalideals is aiming to reach Rs 50 crore revenue in 2016 financial year.
Home textiles and paper products company Trident Ltd reports Q4 results
May 13, 2016, at 09:03 pm
Ludhiana, May 13 (IBNS) Trident Limited, flagship company of USD 1 billion TridentGroup and a leading manufacturer and exporter of Home Textiles & Paper products, announced its financial results for the fourth quarter (Q4) and full-year ended March 31, 2016.
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.