MPC reiterates its commitment to achieve medium-term target for headline inflation of 4 per cent
Jun 06, 2018, at 03:50 pm
Mumbai, Jun 6 (IBNS): The Reserve Bank of India, on Wednesday, announced that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 per cent.
RBI hikes repo rate by 25 bps, first time in four and half years
Jun 06, 2018, at 03:28 pm
Mumbai, Jun 6 (IBNS): The monetary policy committee (MPC) of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, on Wednesday, decided to hike the repo rate by 25 basis points, according to its Second Bi-monthly Monetary Policy Statement.
Centre appointed group to study India's SEZ Policy, Baba Kalyani to head team
Jun 06, 2018, at 03:09 pm
New Delhi, Jun 6 (IBNS): The Union Ministry of Commerce & Industry announced on Wednesday that the Central government has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India.
World Bank approves Atal Bhujal Yojana, to assist the Central sector scheme
Jun 06, 2018, at 02:49 pm
New Delhi, Jun 6 (IBNS): The Union Ministry of Water Resources, River Development and Ganga Rejuvenation, on Wednesday, said that the World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6,000 crore Central Sector Scheme of the Ministry.
Jun 05, 2018, at 05:45 pm
Kolkata, June 5 (IBNS): Hindustan Copper Limited (HCL) has achieved a record sales volume of 36435 tonnes of copper in 2017-18 which was the best in seven years for the PSU.
Etihad Airways Paris flights to go all-Airbus A380
Jun 05, 2018, at 05:42 pm
Abu Dhabi, United Arab Emirates, June 5 (IBNS): Effective from Oct 1, aviation major Etihad Airways will operate the Airbus A380 on its second daily service linking Abu Dhabi and Paris Charles de Gaulle.
Nikon appoints Sajjan Kumar as New Managing Director for India
Jun 05, 2018, at 05:29 pm
New Delhi/Kolkata, June 5 (IBNS): Nikon India, a subsidiary of Nikon Corporation Tokyo, leaders in imaging technology, on Monday announced appointment of Sajjan Kumar as the new Managing Director effective June 1, 2018.
UberPOOL trips in India helped save $4.5 million in fuel import costs, reveals Green Index
Jun 05, 2018, at 05:19 pm
Kolkata, June 5 (IBNS): By saving over 10,340 kilo litres of fuel since launch, Uber’s ridesharing product- UberPOOL has helped the country save $4.5 million in fuel import costs across 12 cities in India, according to the Green Index released by the company on World Environment Day.
TCS customer analytics software taps internet of things data for connected customer experiences
Jun 05, 2018, at 05:16 pm
New York, June 5 (IBNS): Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has introduced Connected Intelligence Platform (CIP) analytics software that helps companies deliver breakthrough customer experiences driven by insights from the physical and digital worlds and interactions with other brands.
Emirates bags ‘International Airline of the Year’ title at BIAL Pinnacle Awards 2018
Jun 05, 2018, at 05:06 pm
Kolkata, June 5 (IBNS): Airlines major Emirates has been recognised with three prestigious awards at the BIAL Pinnacle Awards 2018.
Indian market closes lower on Tuesday after a volatile day
Jun 05, 2018, at 04:57 pm
Mumbai, Jun 5 (IBNS): The Indian market, which saw significant volatility through Tuesday, ended lower at the close of day, according to media reports.
India receives first consignment of LNG from Russia and renegotiated contracts
Jun 05, 2018, at 03:37 pm
New Delhi/Dahej, Jun 5 (IBNS): India, said to be the world's fourth-largest buyer of liquefied natural gas (LNG), received its first consignment of LNG of an estimated $25 billion contract from Russia, according to media reports on Tuesday.
IDBI Bank's MK Jain appointed as RBI deputy governor
Jun 04, 2018, at 11:17 pm
New Delhi, June 4 (IBNS): The Centre on Monday appointed MK Jain as the new deputy governor of Reserve Bank of India (RBI).
Commerce Minister attends informal gathering of WTO in Paris
Jun 04, 2018, at 07:06 pm
New Delhi, June 4 (IBNS): Commerce and Industry Minister, Suresh Prabhu, attended anInformal Gathering of World Trade Organisation (WTO) Ministers in Paris on 31 May 2018.
Sonalika Tractors records sale of 9714 units, amplifying the growth journey in May’18
Jun 04, 2018, at 05:37 pm
New Delhi/Kolkata, June 4 (IBNS): International Tractors Limited (ITL), makers of Sonalika tractors on Monday said it has recorded a robust growth of 16.5% with a total sales of 9714 units in the month of May as against 8335 units same period last year.
India among the top five countries in e-waste generation: ASSOCHAM-NEC study
Jun 04, 2018, at 05:01 pm
New Delhi, June 4 (IBNS): Despite the government’s emphasis on Swachch Bharat Abhiyaan and Smart Cities project, India continues to be generating highest e-waste vis-à-vis China, USA, Japan and Germany an ASSOCHAM-NEC recent study coinciding with the “Environment Day” (June 5) noted.
Indian market closes lower on Monday, MPC begins second bi-monthly meet
Jun 04, 2018, at 04:07 pm
Mumbai, Jun 4 (IBNS): Key Indian benchmark indices closed lower on Monday with BSE Sensex down 215.37 points at 35,011.89 and NSE Nifty down 67.70 points at 10,628.50.
Jun 04, 2018, at 03:19 pm
Mumbai, Jun 4 (IBNS): The Union Ministry of Finance, on Monday, in a release refuted the allegations that records and documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the Scindia House fire in Income Tax Office in Mumbai.
The Bengal Chamber hosts workshop on 'Challenges in the Maritime and Logistics Industry'
Jun 04, 2018, at 02:11 pm
Kolkata, Jun 4 (IBNS): The Bengal Chamber of Commerce and Industry (BCC&I) recently organised a workshop on 'Challenges in the Maritime and Logistics Industry' to highlight the recent developments taking place in the sectors as well as the challenges.
Bengal Chamber organises musical evening with Shama Rahman
Jun 04, 2018, at 12:20 pm
Kolkata, Jun 4 (IBNS): The Bengal Chamber Of Commerce and Industries has hosted a musical evening with Rabindra Sangeet exponent Shama Rahman to commemorate their deep engagement with Bangladesh and partners with an expanding interchange and interaction both in business and culture.
Bengal Chamber, GS Marketing organise inaugural ceremony of IIKTF
Jun 04, 2018, at 12:05 pm
Kolkata, Jun 4 (IBNS): The inaugural ceremony of the India International Kolkata Trade Fair (IIKTF) was held at the Karunamoyee Ground in Central Park, Salt Lake here on Friday.
Income Tax Department issues Revised Income Tax Informants Reward Scheme, 2018
Jun 02, 2018, at 01:30 pm
New Delhi, Jun 2 (IBNS): The Income Tax Department has issued a Revised Income Tax Informants Reward Scheme, 2018, according to Union Finance Ministry on Friday.
Aksh Optifibre reports 68 per cent increase in net profit in FY18
Jun 02, 2018, at 01:17 pm
Kolkata, Jun 2 (IBNS): Aksh Optifibre Limited, an Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider reported its Financial Year 2018 financial results.
Tata Boeing Aerospace delivers first AH-64 Apache combat helicopter fuselage
Jun 01, 2018, at 11:28 pm
Hyderabad, June 1 (IBNS): Tata Boeing Aerospace Limited, on Friday announced the delivery of the first AH-64 Apache combat helicopter fuselage ahead of schedule from its facility in Hyderabad.
Key Indian benchmarks end lower on Friday
Jun 01, 2018, at 05:52 pm
Mumbai, Jun 1 (IBNS): The Indian market closed in negative territory on Friday with BSE Sensex down 95.12 points at 35,227.26 while NSE Nifty down 40 points at 10,696.20.
Income Tax Department launches Benami Transactions Informants Reward Scheme, 2018
Jun 01, 2018, at 05:38 pm
New Delhi, Jun 1 (IBNS): The Union Ministry of Finance announced on Friday that the Income Tax Department has launched a new Benami Transactions Informants Reward Scheme, 2018, to get people’s participation in the Department’s efforts to unearth black money and to reduce tax evasion.
India records GDP at 7.7 percent
Jun 01, 2018, at 02:33 pm
New Delhi, May 31 (IBNS): India has managed to continue its growth story with its GDP or gross domestic product growth accelerating to 7.7 per cent in the March quarter.
Key Indian benchmark indices close higher on Thursday
Jun 01, 2018, at 01:53 pm
Mumbai, May 31 (IBNS): Key Indian benchmark indices closed higher on Thursday, the day of expiry of May futures & options contracts, with BSE Sensex up 416.27 points at 35,322.38 and NSE Nifty up 121.80 points at 10,736.20.
Two-day strike successful claim bank unions, customers left in the lurch
Jun 01, 2018, at 01:44 pm
New Delhi, May 31 (IBNS): The National Organisation of Bank Workers (NOBW), one of the several unions that had given the call for a countrywide two-day bank strike, claimed on Thursday that the strike has been a 'total success', according to a release issued by it.
Indian benchmark indices slump on Wednesday
Jun 01, 2018, at 12:32 pm
Mumbai, May 30 (IBNS): The Indian market slumped on Wednesday owing to weak global cues, according to media reports.