Start-Up India will end licnece raj, restrict state's role in entrepreneurship : Arun Jaitley
Jan 16, 2016, at 05:35 pm
New Delhi, Jan 16 (IBNS) Finance Minister Arun Jaitley on Saturday inaugurated the launch of the government’s 'Start-up India' initiative, saying it will change the conventions of licence raj and restrict the role of the state in entrepreneurship.
Jan 16, 2016, at 04:52 am
New Delhi, Jan 15 (IBNS): Giving relief to consumers, Petrol and diesel prices were reduced on Friday, officials said.
West Bengal microfinance sector has huge potential to grow: Experts
Jan 16, 2016, at 01:34 am
Kolkata, Jan 15 (IBNS): There is an enormous scope for investment in the microfinance sector in West Bengal if banks provide uniform support to the MFIs (microfinance institutions), said experts in the field here at a summit of microfinance sector this week.
Indian stock market drops to 19-month low on Friday
Jan 16, 2016, at 01:30 am
Mumbai, Jan 15 (IBNS): The Indian stock market suffered the sharp correction in oil prices on Friday and dropped to its 19-month low, with the BSE Sensex declining by 1.28% to 24455.04 and Nifty declining by 1.31% to 7437.80.
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Indian retail market has potential to grow to 1.1-1.2 trillion USD by 2020: Report
Jan 15, 2016, at 10:36 pm
Mumbai, Jan 15 (IBNS) India’s retail sector has the potential to grow to 1.1-1.2 trillion USD by 2020 from 630 billion USD in 2015, reaping the benefits of a large, young population joining the workforce, 70% increase in income levels, increase in the number of nuclear families and increasing urbanization, says the report titled 'Retail transformation: Changing your performance trajectory'.
Suzlon receives additional credit of Rs 2,300 crore over and above existing limits
Jan 15, 2016, at 09:50 pm
Mumbai, Jan 15 (IBNS): Renewable energy solutions firm Suzlon Group on Friday announced that it has been sanctioned an additional credit facility (substantially non-fund based) of Rs 2,300 crore (USD 344 million) over and above its existing limit to meet its requirements for execution of sizable order backlog and pipeline, which will help in to capitalize on the growth opportunities in the Indian and global renewable energy sector.
RCom received go-head from Indian bourses to acquire Sistema Shyam Teleservices
Jan 15, 2016, at 08:52 pm
Mumbai, Jan 15 (IBNS): Reliance Communications (RCom) said it has received the go-ahead from both the stock exchanges, BSE and NSE, to acquire the Russian conglomerate Sistema’s Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL).
Manpasand Beverages ties up with German wholesale major METRO Cash & Carry
Jan 15, 2016, at 08:38 pm
New Delih, Jan 15 (IBNS): India’s leading fruit juice player, Manpasand Beverages Ltd, has entered into a tie up with German wholesale retail and trading major, METRO Cash & Carry.
Second tranche of the Sovereign Gold Bonds to be kept open from Jan 18-22, 2016
Jan 15, 2016, at 06:07 pm
New Delhi, Jan 15 (IBNS): Union Finance Minister Arun Jaitley asked all banks to make their best efforts to reach-out to potential investors to invest in the Second Tranche of the Sovereign Gold Bonds, which will be kept open from Jan 18 to 22, 2016.
Global crude oil price of Indian Basket was US$ 26.43 per bbl on Jan 14
Jan 15, 2016, at 05:50 pm
Mumbai, Jan 15 (IBNS) International crude oil price of Indian Basket as computed/publishedon Jan 15 by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 26.43 per barrel (bbl) on Jan 14.
ICICI Bank mortgage portfolio crosses Rs 1 lakh crore
Jan 15, 2016, at 04:48 am
Mumbai, Jan 14 (IBNS): ICICI Bank on Thursday announced that it crossed the milestone of disbursing mortgage loans of over Rs 1 lakh crore.
Maruti Alto adds driver side airbag option for its variants
Jan 15, 2016, at 12:01 am
New Delhi, Jan 14 (IBNS): Driver airbag is now offered as an option in all variants of Alto 800 and Alto K10, Maruti Suzuki India Limited said on Thursday.
Infosys springs a surprise by beating expectations and raising revenue guidance
Jan 14, 2016, at 11:32 pm
Mumbai, Jan 14 (IBNS): Infosys beat analysts' expectations with its third quarter earnings and has revised its dollar revenue growth guidance indicating an improvement in business compared to its peer Tata Consultancy Serives (TCS).
Benchmark Sensex, Nifty end in the red
Jan 14, 2016, at 10:53 pm
Mumbai, Jan 14 (IBNS): The benchmark indices BSE Sensex and NSE Nifty ended Thursday on a muted note, down by over 80 points (at 24,77 points) and by 26 points (at 7,537 points) respectively, largely owing to global cues, including the blast in Indonesia, but managed to offset the gloom following the brilliant results posted by Infosys.
11th Edition of Mahindra Excellence in Theatre Awards in Delhi announced
Jan 14, 2016, at 10:30 pm
Kolkata, Jan 14 (IBNS): The Mahindra Excellence in Theatre Awards (META), a week-long national theatre festival and award, which stages the best of theatre from the year gone by.
Idea launches 4G LTE services in three more Telecom service areas
Jan 14, 2016, at 10:11 pm
New Delhi, Jan 14 (IBNS): Idea Cellular, one of the largest Indian telecom operators, on Thursday announced the launch of its high speed 4G LTE services across four more states in India (three Telecom Circles) – Chhattisgarh, Haryana, Madhya Pradesh and Punjab.
Accenture invests more than US$840 million in Employee Learning and Professional Development
Jan 14, 2016, at 08:45 pm
New Delhi, Jan 14 (IBNS) Accenture has invested US$841 million on the training and professional development of its people in fiscal 2015—delivering 15 million hours of training, at an average of more than 40 hours per employee.
VEKA India to expand in Gujarat
Jan 14, 2016, at 08:35 pm
Mumbai, Jan 14 (IBNS): VEKA India, a subsidiary of VEKA AG , a manufacturers of windows and doors systems received an over-whelming response for their systems based uPVC windows and doors profiles at the recently concluded Interior and Architectural Exhibition – Home Décor of Saurashtra.
Hyundai launches ‘Save Our Heritage’ CSR initiative
Jan 14, 2016, at 08:07 pm
New Delhi, Jan 14 (IBNS): Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter has recently launched global CSR campaign- Happy Move in India.
Rupee falls to 67-mark on Thursday morning
Jan 14, 2016, at 07:18 pm
Mumbai, Jan 14 (IBNS): The Indian Rupee breached the 67-level during Thursday morning trade, reflecting the trend seen in other Asian currencies, especially the South Korean Won.
December: WPI inflation contracts to - 0.73%
Jan 14, 2016, at 07:14 pm
New Delhi, Jan 14 (IBNS) Wholesale Price Index (WPI)-based inflation for December 2015 has stood (-) 0.73 percent, revealed a government data released on Thursday.
Sensex, Nifty beat upheavals to post gains
Jan 14, 2016, at 01:41 am
Mumbai, Jan 13 (IBNS): The Indian share market was able to end Wednesday on a positive note with Sensex gaining 172 points and Nifty crossing its 7,550 mark.
SBI opens its first branch in South Korea
Jan 14, 2016, at 01:39 am
Seoul / Mumbai, Jan 13 (IBNS): State Bank of India, (SBI), India’s largest bank announced the opening of its first branch in Seoul, South Korea.
Extramarks launches Premium Personal Tutor Service
Jan 14, 2016, at 01:31 am
New Delhi, Jan 13 (IBNS):Extramarks Education, the leading K-12 digital learning solutions provider, formally announced the launch of Premium Personal Tutor Service on Wednesday.
Jan 14, 2016, at 01:30 am
Mumbai, Jan 13 (IBNS): IDBI Bank has been extending finance to Micro Enterprises, Minority Communities and Weaker Sections of the society in its endeavor to promote the spirit of entrepreneurship and support financial inclusion.
Godrej Appliances conferred with the prestigious National Energy Conservation Award 2015
Jan 14, 2016, at 01:08 am
New Delhi, Jan 13 (IBNS) In line with its commitment toward the environment, Godrej Appliances, one of the leading Home Appliances brands in India, has been relentlessly focusing its Research and Development initiatives towards designing products which encompass high energy efficiency as one of its core design features. Recently Godrej Appliances received 4 awards in the 1st and 2nd position at the National Energy Conservation Awards (NECA) 2015 by Bureau of Energy Efficiency (BEE).
Vodafone to launch 3G services in Shillong in Meghalaya
Jan 14, 2016, at 12:59 am
Shillong, Jan 13 (IBNS): Vodafone India, one of India’s leading telecommunications service providers, on Wednesday announced the launch of Superfast 3G services on its own network in Shillong in Meghalaya.
Ola ties up with EduKart to facilitate quality higher education for families of its driver partners
Jan 13, 2016, at 11:22 pm
New Delhi, Jan 13 (IBNS): Ola, India’s leading mobile app for transportation, on Wednesday announced its partnership with EduKart, India’s leading education marketplace.
Saint-Gobain to increase its flat glass production capacity in India
Jan 13, 2016, at 11:15 pm
New Delhi, Jan 13 (IBNS) Saint-Gobain, a leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials, is to invest around Rs.1,000 crore over the next two years to develop production capacity at its glass facility near Chennai, India’s largest such facility.
Jan 13, 2016, at 10:20 pm
New Delhi, Jan 13 (IBNS) The Union Cabinet, which was chaired by Prime Minister Narendra Modi, has given its approval for setting up an Empowered Committee of Secretaries under the Chairmanship of Cabinet Secretary, in order to process the recommendations of 7th Central Pay Commission (CPC) in an overall perspective.