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.

Vijay Mallya in UK home? Creditors now mull his whereabouts

Mar 10, 2016, at 07:16 pm

Mumbai, Mar 10 (IBNS) Although there seems to be little doubt that Vijay Mallya has left India, the liquor baron's whereabouts is still a mystery though several media reported from Hertfordshire near London as his possible place of stay now, according to media reports.

Global crude oil price of Indian Basket was US$ 36.80 per bbl on Wednesday

Mar 10, 2016, at 05:33 pm

New Delhi, Mar 10 (IBNS) The international crude oil price of Indian Basket as published on Thursday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 36.80 per barrel (bbl) on Wednesday. This was lower than the price of US$ 37.07 per bbl as published on Tuesday.

A Quick Guide at India’s Best Real estate Destinations

Mar 10, 2016, at 04:55 am

India’s Silicon Valley offers an endless stream of opportunities to anyone looking towards a comfortable life. The city is an information technology powerhouse; is well connected; has some of the best roads in the country and is overall nicely linked to the rest of the country via a vast network of roads, rail and airways. All in all, the city is one of the best places to live in India, and you won’t find a dearth of both amenities and opportunities should you decide to relocate to Bangalore.

How to make the right property investment?

Mar 10, 2016, at 04:40 am

Investing in property if done correctly can be one of your best decisions taken financially, but if done without studying the market can be one of the easiest ways to lose tons of money. Hence if you are thinking of finally buying a property there are some important things you may want to consider.

Union Budget 2016 brings cheer to the realty sector

Mar 10, 2016, at 02:31 am

Kolkata, Mar 9 (IBNS) The Union Budget presented by finance minister Arun Jaitley on Feb 29 offered some good news for home buyers and the real estate sector—viz. incentives for first-time home buyers, making affordable housing more viable and removing dividend distribution tax (DDT) on real estate investment trusts (REITs).

Bookings open for the exciting new compact hatchback Tata TIAGO

Mar 10, 2016, at 02:07 am

Kolkata/Mumbai, Mar 9 (IBNS): Tata Motors will commence bookings for its much-awaited stylish compact hatchback, Tata TIAGO from Mar 10 onwards.

Dettol launches a new range for better protection

Mar 10, 2016, at 12:08 am

Kolkata, Mar 9 (IBNS): Considered as the gold standard in germ protection, Dettol has further strengthened its legacy of product innovation and commitment towards improving the health and hygiene of consumers by launching Dettol Gold, an innovative range which offers better protection ever against germs and new age illnesses.

HUL , former employees of Kodaikanal factory sign settlement

Mar 09, 2016, at 11:20 pm

Mumbai, Mar 9 (IBNS) Hindustan Unilever Limited (HUL) and Pond’s HLL ex-Mercury Employees Welfare Association, representing the ex-employees of the former thermometer factory in Kodaikanal, have on Wednesday announced the signing of a settlement.

Tata Power arm signs SPA for acquisition of 30 MW wind farm in Maharashtra

Mar 09, 2016, at 11:03 pm

Kolkata/ Mumbai, Mar 9 (IBNS): Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, India’s largest integrated power company, has signed a SPA with Indo Rama Renewables Limited (IRRL) to acquire its subsidiary Indo Rama Renewables Jath Limited (IRRJL) which owns a 30 MW wind farm in Sangli District of Maharashtra. The transaction shall be consummated within the next few weeks.

Indian benchmark indices recoup early losses and end in gains on Wednesday

Mar 09, 2016, at 10:10 pm

Mumbai, Feb 9 (IBNS) The Indian benchmark indices rallied in the second half of the day's trading with the BSE Sensex up 134.73 points to close at 24793.96 and the NSE Nifty up 46.50 points to end at 7531.80.

Bureau of Standards Bill, 2016 passed by Parliament

Mar 09, 2016, at 09:23 pm

New Delhi, Mar 9 (IBNS) The Bureau of Standards Bill, 2016 was passed by the Parliament on Tuesday, is aimed at promoting a culture of quality of products and services through mandatory certification and also through voluntary compliance of Indian standards.

Auto-rickshaws now available on Ola App in 3 new cities

Mar 09, 2016, at 09:22 pm

Mumbai, Mar 9 (IBNS): Ola, India’s most popular mobile app for transportation, recently announced the launch of auto-rickshaws on its app, in three cities - Mysore, Gurgaon and Noida.

Cathay Pacific posts profit increase of 90.5% to HK$6 billion in 2015

Mar 09, 2016, at 09:21 pm

New Delhi, Mar 9 (IBNS) The Cathay Pacific Group reported an attributable profit of HK$6,000 million for 2015. This compares to a profit of HK$3,150 million in 2014. Earnings per share were HK152.5 cents compared to HK80.1 cents in the previous year.

Suzuki launched Made-in-India Baleno in Japan

Mar 09, 2016, at 09:19 pm

Hamamatsu/New Delhi, Mar 9 (IBNS) Suzuki Motor Corporation, parent company of Maruti Suzuki India Limited, launched THE 'Made in India' Baleno in Japan on Wednesday.

SC asks Mallya why his passport should not be impounded

Mar 09, 2016, at 08:48 pm

Mumbai, Mar 9 (IBNS) The Supreme Court, which was hearing a plea made by a consortium of banks that Vijay Mallya should not be allowed to leave India, has issued notice to the former UB Group chairman why his passport should not be impounded, according to media reports.

Indiabulls Housing Finance declares interim dividend

Mar 09, 2016, at 08:03 pm

Mumbai, Mar 9 (IBNS) Indiabulls Housing Finance Limited has informed the Bombay Stock Exchange and the National Stock Exchange that its Board of Directors has declared a fifth interim dividend for 2015-16 on Wednesday.

NIIT Technolgies wins Best Service Provider award in Germany

Mar 09, 2016, at 07:11 pm

Frankfurt/New Delhi, Mar 9 (IBNS) NIIT Technologies Limited has informed the Bombay Stock Exchange and the National Stock Exchange on Wednesday that it has secured the Best Service Provider Award from DB Systel, the ICT Subsidiary of Deutsche Bahn (German Railways).

Pharma major Lupin completes its acquisition of US-based GAVIS

Mar 09, 2016, at 06:48 pm

Mumbai, Mar 9 (IBNS): Pharma major Lupin Limited (Lupin) announced on Wednesday that it has completed its acquisition of privately held US-based GAVIS Pharmaceuticals LLC and Novel Laboratories Inc. (GAVIS).

Mallya may have left India, banks urge SC to keep him in the country

Mar 09, 2016, at 06:26 pm

Mumbai, Feb 9 (IBNS) Disgraced liquor baron Vijay Mallya, the former United Breweries (UB) group chairman, is believed to have left India even while the consortium of banks to which his grounded Kingfisher Airlines owe a massive debt were asking the Supreme Court (SC) on Tuesday to stop him from leaving, according to media reports.

Global crude oil price of Indian Basket was US$ 37.07 per bbl on Tuesday

Mar 09, 2016, at 06:20 pm

New Delhi, Mar 9 (IBNS) The international crude oil price of Indian Basket as computed on Wednesday by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 37.07 per barrel (bbl) on Tuesday. This was higher than the price of US$ 36.17 per bbl published on Monday.

7 New Bikes Unveiled at Auto Expo, Delhi

Mar 09, 2016, at 04:36 am

Even though several motorcycle giants such as Bajaj, Royal-Enfield, Harley-Davidson, and MV Agusta, stayed away from this year Auto Expo, this segment successfully created a huge frenzy and grabbed many eyeballs.

Manipal ProLearn launches certification courses in Information Mapping

Mar 09, 2016, at 03:30 am

Bangalore, Mar 8 (IBNS): Manipal ProLearn in collaboration with Information Mapping International, Belgium, has launched two courses which prepare professionals for an International certification in Information Mapping.

Sonata announces a first-of-its-kind watch with a safety alert function

Mar 09, 2016, at 01:59 am

Kolkata, Mar 8 (IBNS): Sonata, India’s largest selling watch brand from the TATA group, has been working on a unique and innovative watch, designed exclusively for women.

Cross-Tab Group secures deal from Kantar Group

Mar 09, 2016, at 01:55 am

Mumbai, Mar 8 (IBNS): Cross-Tab Group, a research and analytics provider, recently announced the signing of a multi-year mandate worth up to USD 25mn with consultancy group the Kantar Group.