Maruti Suzuki registers net profit of Rs 24,843 million in Q2

Oct 27, 2017, at 11:56 pm

New Delhi, Oct 27 (IBNS): Automobile major Maruti Suzuki on Friday said it has registered Rs 24,843 million in the second quarter that ended on Sept 30.

16th International FoodTech India begins in Kolkata

Oct 27, 2017, at 05:05 am

Kolkata, Oct 26 (IBNS): Eastern India annual business-to-business (B2B) exhibition on food and hospitality industry – the 16th International Food Tech India Bakery Tech & Hotel Tech Exhibition was inaugurated on Thursday in Kolkata.

The Indian market sees record close on Thursday

Oct 27, 2017, at 02:48 am

Mumbai, Oct 26 (IBNS): The Indian market achieved another day of record closing on Thursday, with NSE Nifty rallying six per cent in October series -- the highest ever gains in a series in 2017, according to media reports.

Whirlpool of India records strong revenue and profit growth in Q2

Oct 27, 2017, at 01:18 am

Kolkata, Oct 26 (IBNS): Whirlpool of India, a subsidiary of Whirlpool Corporation, on Thursday announced strong operating results for the second quarter of 2017-18.

Cognizant to acquire Zone, a leading full-service digital agency

Oct 27, 2017, at 12:54 am

London, Oct. 26 (IBNS): Cognizant on Thursday announced it has agreed to acquire Zone, one of the United Kingdom’s independent full-service digital agencies specializing in customer experience, digital strategy, technology and content creation.

Kotak Bank's consolidated PAT for Q2FY18 increased by 20 per cent from the same period a year ago

Oct 26, 2017, at 11:18 pm

Kolkata, Oct 26, (IBNS): Kotak Mahindra Bank (Kotak Bank) reported that its consolidated profit after tax (PAT) for Q2FY18 increased by 20% to Rs 1,441 cr from Rs 1,202 cr in Q2FY17.

Havells posts net revenue of Rs.1,508 crore in Q2FY18

Oct 26, 2017, at 11:15 pm

Kolkata, Oct 26 (IBNS): Havells India Limited, an India-based fast moving electrical goods (FMEG) company, announced its results for the quarter ended September 30, 2017 (Q2FY18).

GPF), other similar funds shall carry interest at the rate of 7.8 pct: Govt

Oct 26, 2017, at 02:02 am

New Delhi, Oct 25 (IBNS): The Government of India on Wednesday announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from Oct 1 to Dec 31.

Govt. expects to raise Rs. 750 crore through OFS of 5% shares of NLC India Limited

Oct 26, 2017, at 12:28 am

New Delhi, Oct 25 (IBNS): The Government of India on Wednesday said it is likely to raise Rs. 750 crores through disinvestment of 5% of paid-up equity shares of NLC India Limited (NLCIL) through Offer for Sale (OFS) mechanism.

Tata Starbucks reaffirms growth in India with entry into Kolkata in 2018

Oct 25, 2017, at 11:55 pm

Kolkata; Oct 25 (IBNS) : Tata Starbucks Private Limited, the 50/50 joint venture between Starbucks Coffee Company (Nasdaq: SBUX) and Tata Global Beverages Limited, today celebrated the opening of its 100th store located in Mumbai and its five-year anniversary in India with a series of strategic initiatives that reaffirm its long-term commitment to the market.

BSE Sensex closes above psychological 33,000-mark for the first time

Oct 25, 2017, at 10:04 pm

Mumbai, Oct 25 (IBNS): Share prices of road sector companies took a leap during early hours of trade on Wednesday following the news that the Union government has approved road building projects worth Rs. 7 lakh crore, including the ambitious Bharatmala programme launched by Narendra Modi's Government, according to media reports.

GPF and other similar funds to carry interest at the rate of 7.8 per cent

Oct 25, 2017, at 06:10 pm

New Delhi, Oct 25 (IBNS): The Union Ministry of Finance announced on Wednesday the interest rate for the General Provident Fund and other similar funds for the October-December period of the current financial year.

Fundamentals of the Indian economy is strong: Jaitley

Oct 24, 2017, at 10:39 pm

Mumbai, Oct 24 (IBNS): Union Finance Minister Arun Jaitley on Tuesday said the fundamentals of the Indian economy is strong.

Infosys records Q2 net at Rs 3,726 crore

Oct 24, 2017, at 10:31 pm

Mumbai, Oct 24 (IBNS): Technological giant Infosys on Tuesday announced that it has recorded a net profit of Rs. 3,726 crore for the July-September quarter.

Indian benchmark indices end higher on Tuesday

Oct 24, 2017, at 09:41 pm

Mumbai, Oct 24 (IBNS): The Indian market ended higher on Tuesday, with BSE Sensex up 100.62 points at 32,607.34 and NSE Nifty up 22.80 points at 10,207.70.

Up to half of milk, fruits & veggies produced in India goes waste due to poor cold chain infra: Study

Oct 24, 2017, at 09:07 pm

New Delhi, Oct 24 (IBNS): Despite India being world’s largest producer for milk and second largest producer of fruits and vegetables, about 40 to 50 per cent of the total production valued of $440 billion (bn) ends up wasting, noted a recent ASSOCHAM-MRSS India study.

GST, demonetisation may impact Indian wedding market growth: ASSOCHAM

Oct 24, 2017, at 09:01 pm

New Delhi, Oct 24 (IBNS): The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM.

Govt waives penalty for late filing of GST returns in Aug and Sep

Oct 24, 2017, at 07:12 pm

New Delhi, Oct 24 (IBNS): The Central government has waived off penalty on delayed filing of initial Goods and Services Tax (GST) returns for months of August and September.

Indian benchmark indices end higher on Monday

Oct 23, 2017, at 09:53 pm

Mumbai, Oct 23 (IBNS): The Indian market rebounded on Monday with BSE Sensex up 116.76 points at 32,506.72 and NSE Nifty up 38.40 points at 10,184.90.

India’s first Pradhan Mantri Kaushal Kendra for Skilling in Smart Cities launched

Oct 23, 2017, at 09:08 pm

New Delhi, Oct 23 (IBNS): India's first Pradhan Mantri Kaushal Kendra (PMKK) for Skilling in Smart Cities though collaborative efforts was inaugurated in New Delhi, the Union Ministry of Skill Development and Entrepreneurship announced on Monday.

Linking Aadhaar number to bank accounts mandatory: RBI

Oct 22, 2017, at 01:32 am

Mumbai, Oct 21 (IBNS): The Reserve Bank of India on Saturday clarified that linking Aadhaar number with bank accounts is mandatory for everyone.

Kushal Pal Singh of DLF tops the list of Grohe Hurun India Real Estate Rich List 2017

Oct 20, 2017, at 10:14 pm

New Delhi, Oct 20 (IBNS): Delhi based real estate industrialist Kushal Pal Singh (86) of DLF topped the Grohe Hurun India Real Estate Rich List 2017 (List), with a wealth of Rs 23,460 crore.

Corporate Affairs Ministry issues notification for commencement of Companies Act, 2013 rule related to Valuation by Registered Valuers

Oct 20, 2017, at 08:00 pm

New Delhi, Oct 20 (IBNS): Union Ministry of Corporate Affairs, in a release on Friday, said that it has issued notification for commencement of Section 247 of the Companies Act, 2013 [Valuation by Registered Valuers] with effect from October 18, 2017.

Digital Money and Digital Financial Services -- the way forward

Oct 19, 2017, at 09:13 pm

The 2016 Global Microscope Survey, showed India at number 3 among 55 countries for having extremely enabling conditions for financial inclusion. Financial inclusion is the key benefit of a digital economy. Digital technology breakthroughs are making digital technology all pervasive. The deep penetration of smart devices and internet mean accessibility for the remote villager. It is this capacity that private and public sector have worked together to exploit since 2009.

35-40% slashing in corporate gifts this Diwali: ASSOCHAM Survey

Oct 19, 2017, at 07:33 pm

New Delhi, Oct 19 (IBNS): In sync with the low-key festivities due to slowdown concerns and pressure on their balance-sheets, corporate India is going rather lukewarm in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, an ASSOCHAM survey has noted.

Kotak Mahindra Bank partners Samsung India for Samsung Pay

Oct 18, 2017, at 10:54 pm

Kolkata, Oct 18 (IBNS): Kotak Mahindra Bank (Kotak) and Samsung India (Samsung) on Wednesday announced the expansion of Samsung Pay platform for Kotak’s Visa Credit and Debit card holders.

Louvre Abu Dhabi signs partnership with Etihad Airways

Oct 18, 2017, at 09:57 pm

Abu Dhabi, United Arab Emirates, Oct 18 (IBNS):- Louvre Abu Dhabi on Wednesday signed the first exclusive platinum partnership with Etihad Airways. The symbolic ceremony took place under the museum’s spectacular dome and its ‘Rain of Light’ effect.

Indian benchmark indices close lower on Wednesday, Muhurat Trading on Thursday

Oct 18, 2017, at 09:53 pm

Mumbai, Oct 18 (IBNS): The Indian market ended lower on Wednesday; however, NSE Nifty managed to hold on to its 10,000 mark.

Emirates celebrates the festive spirit of Diwali in Dubai

Oct 18, 2017, at 09:46 pm

Kolkata, Oct 18 (IBNS): Recognising the vital role of food in celebrations and traditions that bring people together, Emirates’ Cabin Crew surprised and delighted residents of all ages in the heart of Dubai, marking the start of Diwali.

Whatsapp introduces new feature - live location sharing

Oct 18, 2017, at 09:39 pm

Sacramento, Oct 18 (IBNS): Messaging app Whatsapp introduced a new feature, live location sharing, from Wednesday.