Cabinet approves creation of 7 posts of Principal Director, 36 posts of Director in Armed Forces Headquarters Civil Service

Aug 16, 2017, at 11:12 pm

New Delhi, Aug 16 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday has given its approval for 7 posts of Principal Director and 36 posts of Director on regular basis in the Armed Forces Headquarters (AFHQ) Civil Service, Ministry of Defence as part of restructuring .

Startups must develop stronger & sustainable biz plans to continue receiving PE/VC funding: Study

Aug 16, 2017, at 10:52 pm

New Delhi, Aug 16 (IBNS): Developing stronger and sustainable business plans will help startups in receiving PE/VC (private equity/venture capital) funding, suggested a recent ASSOCHAM-Hammurabi & Solomon joint study.

Indian benchmark indices close higher on Wednesday

Aug 16, 2017, at 10:37 pm

Mumbai, Aug 16 (IBNS): The Indian market ended higher on Wednesday, with BSE Sensex up 321.86 points at 31770.89 and NSENifty up 103.15 points at 9897.30.

States participating in UDAY take over targeted debt of Rs. 2.09 lakh crores of their DISCOMs

Aug 16, 2017, at 06:48 pm

New Delhi, Aug 16 (IBNS): The Union Ministry of Power informed on Wednesday that participating states of under Ujwal DISCOM Assurance Yojana (UDAY) have taken over the targeted debt of Rs. 2.09 lakh crores of their DISCOMs under borrowing exemption from the FRBM Act given in UDAY for 2015-16 and 2016-17.

Mercedes-Benz launches a special GLC ‘Celebration Edition’ luxury SUV

Aug 15, 2017, at 05:36 pm

Kolkata, Aug 15 (IBNS): Luxury car maker Mercedes-Benz on Monday launched a special GLC ‘Celebration Edition’ to mark the 70th anniversary of India’s Independence and to mark the successful run of the GLC in the Indian market, since its debut in June 2016, according to the company.

Mars Food to acquire majority stake in Tasty Bite

Aug 15, 2017, at 02:25 am

Brussels, Belgium, Aug 14 (IBNS): Mars Food has signed a definitive agreement on Monday to acquire Preferred Brands International, a Stamford, Connecticut-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite brand.

Tata Motors announces appointment of new Chief Financial Officer

Aug 15, 2017, at 01:05 am

Mumbai/ Kolkata, Aug 14 (IBNS): Tata Motors on Monday announced the appointment of P B Balaji as the new Chief Financial Officer, Tata Motors Group from November 2017, to drive financial performance and bring greater rigor to operations and investment decisions across the different entities.

CPI moves up to 2.36 percent in July

Aug 15, 2017, at 12:23 am

New Delhi, Aug 14 (IBNS): India's annual consumer price inflation moved up to 2.36 percent in July, official data released on Monday revealed.

Tech solutions in place; mind set of staff manning customer services need massive change: ASSOCHAM

Aug 15, 2017, at 12:07 am

New Delhi, Aug 14 (IBNS): Be it a post office, not in some remote area but in big cities of Mumbai and Delhi, or a public sector bank, state-owned MTNL, BSNL or several other government owned and run organisations, the ease of doing business, especially for a small entrepreneur is missing despite a well-meaning digital drive of the government, an ASSOCHAM paper has noted with concern.

WPI rises by 1.88 per cent in July

Aug 14, 2017, at 11:57 pm

New Delhi, Aug 14 (IBNS): Country's Wholesale inflation moved up by 1.88 per cent in July, said government data released on Monday.

Indian market closes higher on Monday after declining for five consecutive sessions

Aug 14, 2017, at 11:03 pm

Mumbai, Aug 14 (IBNS): The Indian market ended higher on Monday, with BSE Sensex up 235.44 points at 31,449.03 and NSE Nifty up 83.35 points at 9,794.15.

Pool all skill development schemes under single minister with Rs 25K crore budget, suggests study

Aug 13, 2017, at 10:24 pm

New Delhi, Aug 13 (IBNS): The Union Government should take core elements of skill development from various ministries and pool them under single minister with a budget of about Rs 25,000 crore, suggested an ASSOCHAM-Tata Institute of Social Sciences (TISS) joint study.

SAIL charts turnaround strategy

Aug 13, 2017, at 08:23 pm

Bhilai/New Delhi, Aug 13 (IBNS): SAIL Chairman P K Singh held a series of Communication interaction with a cross section of more than 750 employees at Bhilai Steel Plant of the company on Saturday.

56000 new enrolments in GST from West Bengal, the highest among the states, says MoS Finance

Aug 12, 2017, at 10:16 pm

Kolkata, Aug 12 (IBNS): 56000 dealers have registered for GST in West Bengal and so far this is the highest enrolment from a state, said Arjun Ram Meghwal, MoS for Finance & Corporate Affairs at a seminar in Kolkata on Saturday.

How to Ensure That Your Kid Builds on that Unexpected Success?

Aug 12, 2017, at 04:42 pm

Remember, Farhan Qureshi of the film, 3 Idiots? His father decided his career the day he was born, “Mera beta engineer banega.” But the senior Qureshi got a big shock of his life when his son unveiled his plan of becoming a wildlife photographer. The father asked the son to sell the laptop, which he lovingly bought for him, and buy a camera for himself.

Tata Global Beverages reports consolidated net profit at Rs 142 crores

Aug 12, 2017, at 05:10 am

Mumbai, Aug 11 (IBNS): Tata Global Beverages Ltd. on Friday announced its results for the quarter ended June 2017.

Mauritius-based Royale Partners offers $1.67 billion fund for Sahara's Aamby Valley

Aug 12, 2017, at 05:03 am

New Delhi, Aug 11 (IBNS): A Mauritius-based investor, Royale Partners Investment Fund, on Friday said it has offered to invest $1.67 billion (over Rs10,700 crore) in embattled Sahara group’s Aamby Valley project, a press release from Sahara Corporate Communications said.

Deepak Fertilisers and Petrochemicals announces Q1 results, consolidated operating income grows by 20%

Aug 12, 2017, at 04:47 am

Mumbai, Aug 11 (IBNS): Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Friday announced its financial results for the quarter ended June 30, 2017 (Q1 FY18).

Tata Steel UK Limited signs documentation for RAA in relation to British Steel Pension Scheme

Aug 12, 2017, at 01:14 am

Mumbai, Aug 11 (IBNS): Tata Steel UK on Friday announced it had signed the documentation for a Regulated Apportionment Arrangement (RAA) with the Trustee of the British Steel Pension Scheme, offering more sustainable outcomes for pensioners, employees and the business.

SAIL Q1FY18 results achieve 26% growth in turnover, 9% growth in sales volume

Aug 12, 2017, at 12:48 am

New Delhi, Aug 11 (IBNS): Steel Authority of India Ltd. (SAIL), achieved a turnover of Rs 12,860 Crore in the first quarter of FY18 (Q1FY18) registering a growth of 26% over the turnover of Rs. 10,180 Crore achieved in corresponding period last year (CPLY).

Indian market closes lower on Friday

Aug 11, 2017, at 11:01 pm

Mumbai, Aug 11 (IBNS): The Indian market ended lower on Friday with BSE Sensex down 317.74 points at 31,213.59 and NSE Nifty down 109.45 points at 9,710.80.

Major investor Benchmark sues former Uber CEO Travis Kalanick

Aug 11, 2017, at 09:17 pm

San Francisco, Aug 11 (IBNS): Former Uber CEO Travis Kalanick has been sued by one of the company's early investor Benchmark, media reports said.

Economic Survey 2016-17 Volume-2 : State of the Economy - Analytical Overview and Outlook

Aug 11, 2017, at 07:07 pm

New Delhi, Aug 11 (IBNS): Union Finance Minister Arun Jaitley presented the second volume of the Economic Survey for 2016-17 in the Lok Sabha on Friday.

Taapsee Pannu joins Panasonic’s brand ambassador bandwagon

Aug 11, 2017, at 05:13 am

Kolkata, Aug 10 (IBNS): Consumer electronics brand Panasonic India on Thursday announced the appointment of Bollywood celebrity Taapsee Pannu, as the brand ambassador, in addition to Varun Dhawan, the existing brand ambassador for its Smartphone Business.

Jet Airways announces freedom sales

Aug 11, 2017, at 05:06 am

Mumbai, Aug 10 (IBNS): Jet Airways, India’s premier full service international airline, on Thursday announced a special six-day celebratory fare sale to mark India’s 70th Independence Day.

Nissan India launches NissanConnect

Aug 11, 2017, at 04:53 am

Chennai/Kolkata, Aug 10 (IBNS): Nissan India on Thursday launched NissanConnect, an integrated information and communication platform that connects with the customer’s smartphone to provide enhanced driving experience.

Symphony records PAT at Rs.24 Cr. in Q1 FY 2017-18

Aug 11, 2017, at 04:47 am

Mumbai, Aug 10 (IBNS): Air cooler company, Symphony Limited, reported net profit at Rs. 24.04 crore for the quarter ended June 2017 as against Rs. 31.56 crore in the corresponding quarter ended June 2016.

Dwarikesh Sugar's Q1 profit rises by 88% YoY

Aug 11, 2017, at 04:44 am

Mumbai, Aug 10 (IBNS): Dwarikesh Sugar Industries Ltd, reported net profit of Rs 59.3 crore for the quarter ended June 2017, as compared to profit of Rs 31.5 crore, during the corresponding quarter last year, a growth of 88% YoY.

Manpasand Beverages net profit up 25.04% at Rs. 35.82 crore in Q1 FY 2017-18

Aug 11, 2017, at 04:34 am

Mumbai, Aug 10 (IBNS): Indian fruit drink player manufacturer Manpasand Beverages Ltd. has reported a 25.04% rise in net profit at Rs. 35.82 crore for the first quarter ended June 30, 2017 as against net profit of Rs. 28.65 crore in the corresponding quarter of previous fiscal.

SpiceJet registers 10th consecutive profitable quarter

Aug 11, 2017, at 04:27 am

Gurgaon, Aug 10 (IBNS): SpiceJet reported a profit of INR 175 crore for the three months ended June 30th, 2017 as against 149 crore in the same quarter last year, making it the 10th successive profitable quarter for the airline. The profits grew by 18% during this period.