India's industrial output drops 0.8 percent in April
Jun 10, 2016, at 11:30 pm
New Delhi, June 10 (IBNS): India's industrial output dropped by 0.8 percent in April as compared to the level in the same month last year, government data released on Friday said.
Jun 10, 2016, at 10:09 pm
Mumbai, Jun 10 (IBNS): Indian benchmark indices fell further on Friday with the Sensex down 127.71 points to 26635.75, and the Nifty down 33.55 points to 8170.05.
Benchmark indices touch negative territory on Thursday
Jun 10, 2016, at 03:20 pm
Mumbai, Jun 9 (IBNS): Global cues, profit booking by investors and a significant decline in share price of Infosys pushed back the market benchmarks on Thursday, with Sensex down 257.20 points to 26763.46 and Nifty down 69.45 points to 8203.60.
Tata Motors announces 'Trust of India' initiative for government employee
Jun 10, 2016, at 12:43 am
Kolkata / Mumbai, Jun 9 (IBNS): Tata Motors on Thursday announced the offer for India's Central and State government employees-'Trust of India,' an initiative which focuses on building relationships and a strong customer base among the government employees.
Bajaj Allianz Life maintains profitability, posts 105% growth in financial inclusion segment in FY16
Jun 10, 2016, at 12:06 am
Pune, June 9 (IBNS): Private life insurers, Bajaj Allianz Life Insurance has reported nearly 7% growth in new business to Rs 2,885 crore in financial year 2015-16, as against Rs 2,702 crore in FY15.
Infosys Pune celebrates its 20th year anniversary
Jun 10, 2016, at 12:04 am
Pune, June 9 (IBNS): Infosys Pune Development Center (DC), the company’s largest DC by strength, on Thursday celebrated its 20th anniversary. The story of Infosys started in this city when Narayana Murthy and six engineers started the company as Infosys Consultants Pvt Ltd. in Pune in 1981.
ICICI Bank inaugurates new branch at Gamma 1, Greater Noida
Jun 10, 2016, at 12:00 am
Noida, June 9 (IBNS) : Private sector bank ICICI Bank Ltd on Thursday inaugurated a new branch at Gamma Shopping Complex at Gautam Budh Nagar, Greater Noida. The branch also houses a 24x7 ATM at its premises.
Village Financial Services accelerates growth with expansion
Jun 09, 2016, at 01:25 am
Kolkata, June 8 (IBNS): Village Financial Services, a leading MFI of West Bengal starts its operation in Uttrakhand, Tripura, Odisha and Sikkim.
Google, Tata Trusts launch ‘Internet Saathi’ initiative in West Bengal
Jun 09, 2016, at 01:05 am
Kolkata, June 8 (IBNS): Expanding it’s program to train women in rural India on the benefits of Internet - Google India and Tata Trusts today announced the launch of ‘Internet Saathi’ program in the state of West Bengal.
OYO enters into partnership with ItzCash to build strong omni-channel presence
Jun 08, 2016, at 11:49 pm
Mumbai, June 8 (IBNS): OYO, India’s largest branded network of hotels announced a strategic partnership with ItzCash, India’s pioneer and the largest player in the digital payments space, to tap the next 500 million underserved Indian consumer segment.
Siemens Ltd. wins order worth Rs. 113 crore from Power Grid Company of Bangladesh Limited
Jun 08, 2016, at 11:36 pm
Mumbai, June 8 (IBNS) Siemens Ltd. announced that, together with Siemens Bangladesh Ltd., it has won an order worth approximately Rs. 113 crore from Power Grid Company of Bangladesh Limited (PGCB) to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.
IATA reappoints Jet Airways Chairman Naresh Goyal to its Board of Governors
Jun 08, 2016, at 11:01 pm
Mumbai, June 8 (IBNS): Jet Airways Chairman Naresh Goyal has been re-elected to International Air Transport Association’s (IATA) Board of Governors for a fifth successive tenure.
Benchmark indices end flat on a lacklustre day
Jun 08, 2016, at 10:36 pm
Mumbai, Jun 8 (IBNS): Indian benchmark indices ended flat on Wednesday following mixed global cues, with Sensex up 10.99 points to 27020.66 and Nifty up 6.60 points to 8273.05.
ICICI Bank launches next generation features on iMobile
Jun 08, 2016, at 09:43 pm
Mumbai, June 8 (IBNS) : ICICI Bank, India’s largest private sector bank, has added five new industry-first features on its mobile banking app, ‘iMobile’, taking the total number of services that the users can avail of to over 150.
Jun 08, 2016, at 09:07 pm
London/Mumbai /Kolkata, June 8 (IBNS) : The Royal Society’s prestigious University Research Fellowships (URF) scheme, which supports exceptional young scientists, is to receive a £5.6 million boost thanks to generous funding from a group of Tata companies, including Tata Sons, Jaguar Land Rover and Tata Consultancy Services (TCS). The funding will establish nine new Tata University Research Fellows in the Physical Sciences and Engineering over the next ten years, with the first Royal Society Tata University Research Fellows due to be appointed in October 2016.
Siemens wins big-ticket order from Power Grid Company of Bangladesh Limited
Jun 08, 2016, at 08:24 pm
Kolkata, Jun 8 (IBNS): Siemens Ltd announced on Tuesday that together with Siemens Bangladesh Ltd., it has won an order worth approximately Rs. 113 crore from Power Grid Company of Bangladesh Limited (PGCB) to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.
World Bank cuts 2016 global growth forecast to 2.4 percent
Jun 08, 2016, at 03:27 pm
Washington, June 8 (IBNS):The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.
-1465306620.jpg "Qatar’s Al Sawari Holding signs MoU during PM Modi’s Doha visit")
Qatar’s Al Sawari Holding signs MoU during PM Modi’s Doha visit
Jun 08, 2016, at 12:37 am
Doha, June 7 (IBNS) Al Sawari Holding, one of Qatar’s leading private companies with interests across hospitality, real estate and education sectors today signed a Memorandum of Understanding (MoU) and management agreements to mark its entry into India.
Axis Bank lists Asia’s first certified Green Bond on London Stock Exchange
Jun 08, 2016, at 12:08 am
Mumbai, June 7 (IBNS): Axis Bank, India’s leading private sector bank, opened trade at London on Monday to celebrate the bank’s landmark issuance of Asia’s first internationally listed certified green bond on London Stock Exchange. The bond, certified by the Climate Bonds Standards Board, raised USD 500 million.
Microsoft launches Cyber Security Engagement Center in India
Jun 07, 2016, at 11:22 pm
New Delhi/ Kolkata, June 7 (IBNS): Deepening its commitment to enhancing cybersecurity, Microsoft has announced the opening of its Cyber Security Engagement Center (CSEC) in Gurgaon, India.
Sensex ends above 27000 first time since October 2015
Jun 07, 2016, at 10:39 pm
Mumbai, Jun 7 (IBNS): The market on Tuesday posted strong gains owing to positive global cues and after the Reserve Bank of India as expected maintained its interest rate at 6.5 per cent during the second monetary policy review on the same day.
Apex bank to watch developments in the months ahead says RBI governor
Jun 07, 2016, at 07:40 pm
Mumbai, Jun 7 (IBNS): Reserve Bank of India Governor Raghuram Rajan said the central bank would watch macroeconomic and financial developments in the months ahead with a view to responding as space opens up, while he was addressing the media on Tuesday.
RBI indicates risks to inflation on the upside
Jun 07, 2016, at 07:38 pm
Mumbai, Jun 7 (IBNS): During the second bi-monthly monetary policy review on Tuesday, the Reserve Bank of India (RBI) indicated that the risks to inflation were on the upside, according to media reports.
RBI keeps benchmark repo rate unchanged
Jun 07, 2016, at 05:05 pm
Mumbai, June 7 (IBNS) : Reserve Bank Governor Raghuram Rajan on Tuesday kept the benchmark repo rate unchanged at a five-year low of 6.5 per cent, reports said.
BSNL offers special combo voucher for Ramzan
Jun 07, 2016, at 02:18 am
Kolkata, June 6 (IBNS) Telecom service provider BSNL offers promotional combo voucher 786 during the holy month Ramzan festival.
Markets end lower owing to profit booking
Jun 07, 2016, at 01:33 am
Mumbai, Jun 6 (IBNS): Indian markets ended lower on Monday, albeit marginally, following profit booking by investors late in the day, with the Sensex down 65.58 points to 26777.45 and Nifty down 19.75 points to 8201.05.
NHS Chairman brings British Smart Healthcare providers to India
Jun 06, 2016, at 11:52 pm
New Delhi, June 6 (IBNS) A high powered trade mission will bring the best of British expertise in innovative healthcare solutions to India from June 6 - 8.
Lux Industries Ltd announces 5-for-1 stock split
Jun 06, 2016, at 11:47 pm
Kolkata/Mumbai, June 6 (IBNS): Lux Industries Ltd with a current market capitalization at Rs. 1,721.75 crores, manufacturing more than 100 products across 12 major brands comprising a complete range of innerwear for men, women, and children, today announced a stock split to be effective, of the face value of Rs. 10 each into Rs. 2 each per equity share in a 5-for-1 stock split, in compliance with applicable provisions of the Companies Act, and other applicable provisions.
Heads of Indian missions in seven countries visit Mahindra World City
Jun 06, 2016, at 11:35 pm
Jaipur, June 6 (IBNS): Mahindra World City Jaipur Ltd (MWC Jaipur), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), recently hosted a delegation of Indian diplomats deputed in seven different nations.
Vodafone engages India to #BeSUPER across IPL
Jun 06, 2016, at 11:20 pm
Mumbai June 6 (IBNS): The recently concluded Vivo IPL 2016 offered another reason to believe that Vodafone and the Indian Premier League have created a special bond with sports lovers and consumers alike.