Tata Power launches book on company's 100 years in business

Mar 14, 2016, at 09:39 pm

Mumbai, Mar 14 (IBNS) Tata Power Company Limited (Tata Power), to mark its centenary year, has launched a book titled Invisible Goodness: the story of Tata Power, authored by Anil Dharker, which chronicles the journey of one of India's oldest power companies.

Delhi-based Khaugalideals ties up with Viber for unorganized restaurant sector

Mar 12, 2016, at 09:06 pm

New Delhi, Mar 12 (IBNS) Viber Media S.a.r.l. and Khaugalideals Pvt Ltd have announced a strategic alliance that will create synergies and fund flows in the food tech and unorganized restaurant sector of India.

IMF, India to set-up SARTTAC in Delhi

Mar 12, 2016, at 08:30 pm

New Delhi, Mar 12 (IBNS) Union Finance Minister Arun Jaitley and Christine Lagarde, Managing Director, International Monetary Fund (IMF) signed a Memorandum of Understanding here on Saturday to establish a capacity development center in the national capital.

IMF quotas should reflect global economic realities: Modi

Mar 12, 2016, at 08:10 pm

New Delhi, Mar 12 (IBNS) Prime Minister Narendra Modi on Saturday said even now, IMF quotas do not reflect the global economic realities.

Penalties for wilful defaulters strengthened: RBI Governor

Mar 12, 2016, at 08:06 pm

New Delhi, Mar 12 (IBNS) Reserve Bank of India Governor Raghuram Rajan on Saturday said penalties for wilful defaulters of banks have been strengthened.

'Luminare' by Mahindra Lifespaces conferred CIDC Vishwakarma award

Mar 12, 2016, at 05:20 am

New Delhi, Mar 11 (IBNS): Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, was presented the 'Achievement Award for Construction Health, Safety & Environment' for its project Luminare at the 8th CIDC (Construction Industry Development Council) Vishwakarma Awards 2016.

Essentra extends pharmaceutical packaging footprint into India

Mar 12, 2016, at 05:12 am

Bangalore, Mar 11 (IBNS): Essentra, a leading global provider of specialist packaging and authentication solutions, has expanded its footprint and capabilities with the recent acquisition of the pharmaceutical assets of Kamsri Printing & Packaging Pvt. Ltd. in India.

NPCI awarded card protection certificate

Mar 12, 2016, at 03:19 am

Mumbai, Mar 11 (IBNS): National Payments Corporation of India (NPCI), the umbrella organization for all retail payments system in the country, has emerged as the first company in the BFSI sector to receive certificate of compliance for the Payment Card Industry-Data Security Standard's (PCI DSS) latest version 3.1.

CIBIL data reveals 25% CAGR in retail credit

Mar 12, 2016, at 02:20 am

Mumbai, Mar 11 (IBNS): Credit Information Bureau (India) Limited (CIBIL), the country’s leading credit information company, has indicated a sustained growth in the retail credit sector.

Indian benchmark indices end Friday on a positive note

Mar 12, 2016, at 12:16 am

Mumbai, Mar 11 (IBNS) Rally in crude oil prices, a recovery in Asian markets and positive data from Europe helped the Indian market to rebound with the Sensex turning around on Friday to gain 95 points and close at to 24717.99 and Nifty closing above its 7500-mark at 7510.20 (up 24 points).

HMCL inaugurates ‘Global Centre of Innovation and Technology’ (CIT) in Jaipur

Mar 11, 2016, at 09:42 pm

New Delhi, Mar 10 (IBNS) Achieving a historic landmark in its illustrious journey, Hero MotoCorp Ltd. (HMCL), the world’s largest two-wheeler manufacturer, on Friday formally inaugurated its world-class ‘Global Centre of Innovation and Technology’ (CIT) at Jaipur in Rajasthan.

TI Cycles introduces new and exciting bicycles from Ridley Bikes to India

Mar 11, 2016, at 09:41 pm

Chennai, Mar 11 (IBNS): TI Cycles of India, one of the leading bicycle manufacturers in India and a part of the Murugappa Group, on Friday launched the Belgium-based bicycle brand “Ridley” in the Indian market.

BDL pays Rs 67.62 crore interim dividend to government

Mar 11, 2016, at 09:16 pm

New Delhi, Mar 11 (IBNS) Bharat Dynamics Limited (BDL), a public sector undertaking under the Ministry of Defence, has paid an interim dividend of Rs. 67.62 crore to the Union government.

Tata Motors Group global wholesales at 99,842 nos. in February 2016

Mar 11, 2016, at 08:57 pm

Kolkata / Mumbai, Mar 11 (IBNS): The Tata Motors Group global wholesales in February 2016, including Jaguar Land Rover, were at 99,842 nos., higher by 17%, over February 2015. Cumulative wholesales for this fiscal were at 947,504 nos., higher by 8% over the last fiscal.

Enforcement Directorate summons Vijay Mallya

Mar 11, 2016, at 08:37 pm

New Delhi, Mar 11 (IBNS): On a day disgraced liquor baron and bank defaulter Vijay Mallya said he is not an 'absconder' and being an 'international businessman' he travels to and from India frequently, the Enforcement Directorate summoned him to appear before it on Mar 18.

Global Crude oil price of Indian Basket was US$ 37.01 per bbl on Thursday

Mar 11, 2016, at 07:50 pm

New Delhi, Mar 10 (IBNS) The international crude oil price of Indian Basket as computed on Friday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.01 per barrel (bbl) on Thursday. This was higher than the price of US$ 36.80 per bbl published on Wednesday.

Ola appoints Sunil Shirguppi as Vice President - Engineering

Mar 11, 2016, at 07:08 pm

Bangalore, Mar 11 (IBNS) Ola on Friday announced that Sunil Shirguppi, former Vice President at Goldman Sachs, will join Ola as Vice President - Engineering and will primarily be working towards enhancing capabilities in Data Science and Machine Learning.

Congress accuses BJP govt. of complicity in Mallya's departure from India

Mar 11, 2016, at 04:55 pm

New Delhi, Mar 11 (IBNS): Disgraced liquor baron and over Rs 9000 crore bank defaulter Vijay Mallya could leave the country with the complicity of the BJP government, alleged the Congress on Friday.

NETGEAR introduces new Gigabit Ethernet switch range

Mar 11, 2016, at 04:40 am

New Delhi, Mar 10 (IBNS): NETGEAR (www.netgear.com), a global networking company, on Thursday announced the launch of a new line of Gigabit Ethernet switches in 300 series-GS308P, GS316 & GS324 in the Indian Market.

HDFC Bank announces winners of Digital Innovation Summit

Mar 11, 2016, at 03:26 am

Mumbai / Kolkata, Mar 10 (IBNS): HDFC Bank Ltd., on Thursday announced five winners of the Digital Innovation Summit.

Vodfone launches two all-women angel stores in Bangalore

Mar 11, 2016, at 12:10 am

Bengaluru, Mar 10 (IBNS): Vodafone India, one of India’s leading telecommunications service providers, in a unique step toward women empowerment, today launched two ‘Vodafone Angel Stores’, in Bengaluru.

Cabinet signs MoU between India , International Monetary Fund

Mar 10, 2016, at 11:46 pm

New Delhi, Mar 10(IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday given its approval for entering into the Memorandum of Understanding (MoU) between India and International Monetary Fund (IMF) for setting up of South Asia Regional Training and Technical Assistance Center (SARTTAC) in India by the IMF.

Cabinet approves removing the minimum capacity utilization criteria for SSP

Mar 10, 2016, at 11:40 pm

New Delhi, Mar 10 (IBNS) In order to push major policy reforms in the fertilizer sector, the Union Cabinet, chaired by Prime Minister Narendra Modi on Thursday approved the proposal for removing the minimum capacity utilization criteria for the Single Super Phosphate (SSP) units to be eligible for the subsidy under the Nutrient Based Subsidy (NBS) Scheme with immediate effect.

Cabinet approves Pradhan Mantri Ujjwala Yojana

Mar 10, 2016, at 11:17 pm

New Delhi, Mar 10 (IBNS): The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Thursday approved Pradhan Mantri Ujjwala Yojana - Scheme for Providing Free LPG connections to Women from BPL Households.

Indian benchmarks post losses on Thursday

Mar 10, 2016, at 11:02 pm

Mumbai, Mar 10 (IBNS) The Indian benchmark indices reported a loss on Thursday largely due to profit booking, with the BSE Sensex down 170.62 points to 24,623.34, snapping its six-day rally, and the NSE Nifty down 45.65 points to 7,486.15.

ICICI Bank launches credit-linked subsidy scheme under 'Pradhan Mantri Awas Yojana'

Mar 10, 2016, at 11:00 pm

Mumbai, Mar10 (IBNS): ICICI Bank on Thursday announced the launch of a credit-linked subsidy scheme for home loans under the ‘Pradhan Mantri Awas Yojana’. Under this scheme, individuals including women borrowers from the economically weaker section and low income group will be able to acquire and construct the first brick-and-mortar (pucca) house of the family by paying significantly lower Equated Monthly Instalments (EMIs).

Government decides to revert Ratna and R-series Gas Fields to ONGC

Mar 10, 2016, at 10:44 pm

New Delhi, Mar 10 (IBNS) Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, on Thursday, has approved cancellation of the Letter of Award dated March 12,1996, and issued in favour of consortium of Essar Oil Limited and Oil Pacific UK Ltd awarding the medium sized discovered field of Ratna & R-Series and decided to revert the Ratna and R-Series Fields to ONGC.

Singapore Airlines signs first marketing collaboration memorandum with Tourism Malaysia

Mar 10, 2016, at 10:10 pm

Singapore City, Mar 10 (IBNS) Singapore Airlines (SIA) and Tourism Malaysia have agreed to work together to boost tourist arrivals into Malaysia through the signing of their first-ever Marketing Collaboration Memorandum.

Vodafone India expands its 4G services in Mumbai to Thane

Mar 10, 2016, at 10:04 pm

Mumbai, Mar 10 (IBNS) Vodafone India, one of India’s leading telecommunication services provider, today announced the expansion of its next generation, high speed 4G network in Mumbai to the residential and business corridors of Thane and Kalyan district.

Godrej Properties launches residential phase 2 at The Trees

Mar 10, 2016, at 09:49 pm

Mumbai, Mar 10 (IBNS): Godrej Properties Ltd. (GPL) , one of India’s leading real estate developers, on Thursday announced the launch of Phase 2 of its flagship project, The Trees at Vikhroli, Mumbai.