Snapdeal appoints Jason Kothari as CEO of FreeCharge

Mar 20, 2017, at 06:46 pm

Mumbai, Mar 20 (IBNS): Snapdeal on Monday announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge and a commitment to invest an additional $20 million in the company, an official release stated.

Vodafone hosts Vodafone Golf Swing in Panchkula

Mar 20, 2017, at 06:02 pm

Haryana, Mar 20 (IBNS): To celebrate its successful partnership with the enterprise customers, Vodafone Haryana hosted its first ever ‘Golf Swing’, a popular Golf tournament at the Panchkula Golf Course, an official release stated.

Idea and Vodafone merge to create India's largest telecom operator

Mar 20, 2017, at 05:55 pm

New Delhi, Mar 20 (IBNS) : Idea Cellular, the third largest mobile operator in India and the Indian unit of British telecom company Vodafone on Monday announced a merger, creating the country's largest telecom operator in the face of the growing might of Reliance Communications' Jio, reports said.

NEXA collaborates with Amazon India Fashion Week 2017

Mar 20, 2017, at 04:35 pm

New Delhi, Mar 19 (IBNS): Maruti Suzuki India Limited’s premium retail channel NEXA in association with India’s apex industry body for fashion, Fashion Design Council of India (FDCI) on Sunday, presented the NEXA Lifestyle collection at Amazon Fashion Week 2017, an official release stated.

Uber president Jeff Jones quits company

Mar 20, 2017, at 04:09 pm

San Francisco, Mar 20 (IBNS): Jeff Jones, the president of taxi aggregator Uber, has reportedly stepped down from his post, reports said.

Welspun India expands its offering in Advanced Textiles

Mar 19, 2017, at 04:36 am

Anjar, Mar 18 (IBNS): Welspun India Ltd., a leading home textiles manufacturer, has forayed into new technologies in its Technical Textile Business with its Needle Entangled Advance Textile Plant in Anjar. The plant was inaugurated by Minister of Textiles Smriti Irani on Saturday.

MSR Group inaugurates new R&D and support centre in Kolkata

Mar 18, 2017, at 11:35 pm

Kolkata, Mar 18 (IBNS): The new R&D and support centre of IT major, MSR Group, was launched on Saturday by Rajya Sabha MP Pradip Bhattacharya, MMIC, Parks & Gardens, Kolkata Municipal Corporation Corporation, Debashish Kumar and Principal Commercial Officer of US Consulate, Kolkata, Jonathan Ward, an official release stated.

Flipkart clocks record sales for the Moto G5 Plus

Mar 18, 2017, at 09:58 pm

Bengaluru, Mar 18 (IBNS): The much awaited The Moto G5 Plus smartphone, which was launched exclusively on Flipkart, witnessed record sales on the first day of launch, an official release stated.

Intex launches Aqua Trend Lite with mega sound speaker for music lovers

Mar 18, 2017, at 04:28 pm

Mumbai, Mar 18 (IBNS): Intex Technologies, one of the leading mobile handset player, has announced the launch of its new budget smartphone - Aqua Trend Lite with a strong focus on sound quality.

Cathay Pacific reports first loss since 2008

Mar 17, 2017, at 11:08 pm

Mumbai, Mar 17 (IBNS): The Hong Kong-based Cathay Pacific Group reported an attributable loss of HK$575 million for 2016, which compares to a profit of HK$6,000 million in 2015.

Indian market remains subdued on Friday

Mar 17, 2017, at 10:16 pm

Mumbai, Mar 17 (IBNS): The Indian market remained subdued on Friday as investors booked profits following the rally in share prices this week, according to media reports.

Bihar govt signs MoU with Megasoft to enhance IT services with Cloud Technologies

Mar 17, 2017, at 05:22 am

Hyderabad, Mar 16 (IBNS): Megasoft Limited on Thursday announced the award of cloud-enabled solution & services contract by the Bihar State Electronics Development Corporation Ltd. (BELTRON).

Nifty crosses 9100 mark on Thursday

Mar 16, 2017, at 10:19 pm

Mumbai, Mar 16 (IBNS): Despite initial caution about the US Fed Policy meeting, the Indian market ended Thursday on high note with Nifty closing above a record 9100, according to reports.

DSM Sinochem Pharmaceuticals initiates patent litigation against Sinopharm Weiqida Pharmaceutical

Mar 16, 2017, at 05:06 am

Mumbai, Mar 15 (IBNS): DSM Sinochem Pharmaceuticals (DSP), the company producing and commercializing sustainable, enzymatic antibiotics, next generation statins and anti-fungals, announced that it has filed lawsuits against Sinopharm Weiqida Pharmaceutical for patent infringement.

Need comprehensive and sustainable pension system in India: FICCI-KPMG

Mar 16, 2017, at 04:50 am

Kolkata / New Delhi, Mar 15 (IBNS): In order to embark upon the ambitious journey towards a pensioned society, India would require a systemic approach for designing a coherent pension system. As a measure of the enormity of the challenge that India faces, the 2011 Census showed that only 12 per cent of the Indian working population (i.e. approximately 58 million) were covered under any pension plan. The pension savings of the covered population are also not adequate, FICCI – KPMG Knowledge paper on employee pensions in India has stated.

Centre hikes DA by 2%, effective from Jan 1

Mar 16, 2017, at 02:31 am

New Delhi, Mar 15 (IBNS): The Central Government on Wednesday announced a hike in DA (Dearness Allowance) by 2% for all employees and pensioners which would be effective from January 1.

Gartner positions Infosys as 'Leader' in Magic Quadrant for Oracle Application Services

Mar 16, 2017, at 12:37 am

Bangalore, Mar 15 (IBNS): Infosys, a global leader in consulting, technology, outsourcing and next-generation services, on Wednesday announced that Gartner, Inc. has positioned Infosys as a 'Leader' in its Magic Quadrant for Oracle Application Services in Europe, the Middle East and Africa (EMEA) and North America.

Future Generali India Insurance ties up with UCO Bank

Mar 16, 2017, at 12:18 am

Mumbai, Mar 15 (IBNS): Future Generali India Insurance Company Limited (FGII), a joint venture between Future Group and Generali has entered into a corporate agency tie-up for its products with UCO Bank, one of the Government owned commercial banks in India.

Indian market closes flat on Wednesday after rallying on Tuesday

Mar 15, 2017, at 09:58 pm

Mumbai, Mar 15 (IBNS): After a superb run on Tuesday, Indian benchmark indices closed on a flat note on Wednesday with BSE Sensex down 44.52 points at 29,398.11 and NSE Nifty downl 2.20 points at 9,084.80.

Trade Infrastructure for Export Scheme (TIES) launched

Mar 15, 2017, at 09:57 pm

New Delhi, Mar 15 (IBNS): Union Commerce and Industry Minister Nirmala Sitharaman launched the Trade Infrastructure for Export Scheme (TIES) on Wednesday, in New Delhi. The Scheme is focused on addressing the needs of the exporters.

Tata Steel bags 'Most Ethical Company Award' for fifth time

Mar 15, 2017, at 04:24 am

Jamshedpur, Mar 14 (IBNS): Tata Steel has been recognised by Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as the World's Most Ethical Company for the year 2017.

Infosys Chennai celebrates its 20th year anniversary

Mar 15, 2017, at 12:35 am

Chennai Mar 14 (IBNS): Infosys Chennai Development Center (DC) that started its operations in 1996 is celebrating two decades of learning, excellence and progress with great gusto.

FDI in trading of Food Products

Mar 14, 2017, at 11:11 pm

New Delhi, Mar 14 (IBNS): Union Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti in a written reply on Tuesday informed the Lok Sabha the steps her department has taken recently regarding Foreign Direct Investment (FDI).

Indian market rallies on BJP win, NSE closes above 9000 first time ever

Mar 14, 2017, at 10:04 pm

Mumbai, Mar 14 (IBNS): The market reacted positively to the Bharatiya Janata Party's overall success in the recently concluded state Assembly elections, especially the significant win in Uttar Pradesh, and rallied to a record high on Tuesday.

India's Wholesale Price inflation sees a sharp rise in February

Mar 14, 2017, at 07:23 pm

New Delhi, Mar 14 (IBNS): February wholesale price inflation rose sharply to 6.55 per cent, from 5.25 per cent in the previous month, reported the Ministry of Commerce & Industry on Tuesday.

Nifty rises to record high on BJP's UP victory, Rupee gains

Mar 14, 2017, at 05:44 pm

Mumbai, Mar 14 (IBNS) : Riding the sentiment following BJP's landslide victory in Uttar Pradesh, stock markets went roaring with Nifty soaring to a new all-time high on Tuesday, reports said.

IIT Hyderabad emerge global champions of TCS CodeVita Season Five

Mar 14, 2017, at 03:03 am

Hyderabad: Mar 13 (IBNS): Tata Consultancy Services, (TCS), a leading IT services, consulting and business solutions organization, on Monday announced that over 46,000 college teams from across the globe competed in the fifth global coding challenge for students, TCS CodeVita.

Asia Index Private Limited launches S&P BSE SENSEX Next 50 Index

Mar 13, 2017, at 09:42 pm

Mumbai, Mar 13 (IBNS): Asia Index Private Limited, a joint venture between S&P Dow Jones Indices and BSE Ltd (earlier Bombay Stock Exchange), recently announced the launch of the S&P BSE SENSEX Next 50 Index.

Central govt plans Blue Revolution to boost Indian fisheries sector

Mar 11, 2017, at 09:39 pm

New Delhi, Mum 11 (IBNS): The Central government has envisaged a program named ‘Blue Revolution’ to unlock the country’s latent potential and possibilities in the fisheries sector through an integrated approach, the Union Ministry of Agriculture said on Saturday.

RBI website goes the app way

Mar 11, 2017, at 07:48 pm

Mumbai, Mar 11 (IBNS): The Reserve Bank of India (RBI) has launched a mobile application (app) version of its website for Android as well as iOS platforms.