Sensex, Nifty touch all-time high figures during early trade

Jan 13, 2020, at 10:07 am

Mumbai/IBNS: The Indian market opened in green during early morning trade with the Sensex moving up by 250 points on Monday.

Mission Purvodaya will drive India's march towards $5 trillion economy

Jan 11, 2020, at 11:57 pm

Kolkata/UNI: Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan today launched Purvodaya: Accelerated development of eastern India through integrated steel hub in the city and said Mission Purvodaya will drive India’s march towards $5 trillion economy.

China's Hongqi to launch 21 new car models in five years

Jan 11, 2020, at 06:49 pm

Changchun/Xinhua/UNI: China's leading automaker FAW Group said that 21 new models will be launched in the next five years under its iconic brand Hongqi, with annual sales expected to exceed 600,000 units by 2025.

Odisha government approves three investment proposals worth Rs. 17,833 cr in core sectors

Jan 10, 2020, at 07:46 pm

Bhubaneswar/IBNS: The Odisha government approved three investment proposals worth Rs 17,833 crore which is expected to create 6539 new jobs.

Cholamandalam Finance raises INR 4 billion Tier-II debt from CDC Group

Jan 10, 2020, at 07:35 pm

Chennai/IBNS: Cholamandalam Investment and Finance Company Limited (CIFCL) has raised INR 4 billion (c.$57 million) from CDC Group Plc (CDC), the United Kingdom’s Development Finance Institution and impact investor through the issuance of unsecured, subordinated, Rupee Denominated Masala Bonds.

Invoicemart onboards LDC India

Jan 10, 2020, at 07:19 pm

New Delhi/IBNS: Invoicemart, an Axis Bank-backed TReDS (Trade Receivable Discounting System) platform and one of India’s leading digital invoice discounting marketplaces, has on-boarded Louis Dreyfus Company India Pvt Ltd (LDC India), a global merchant and processor of agricultural goods.

Packaging Industry in India to reach USD 73.6 bn by 2020 : IIP

Jan 10, 2020, at 06:32 pm

Hyderabad/UNI: Packaging industry in India is anticipated to reach US $ 73.6 billion by 2020 and it is predicted to grow at the rate 18 per cent annually, Indian Institute of Packaging(IIP) – Hyderabad Chapter said on Friday.

PM Modi gets back to 'governance agenda', focuses on 'turnaround' in economy

Jan 09, 2020, at 10:01 pm

New Delhi/UNI: Under attack on multiple fronts and for the first time facing an onslaught of 'revolts' over CAA and violence in varsity campuses, Prime Minister Narendra Modi has turned focus on economy and on Thursday apparently took charge of Budget making and met various stakeholders including economists, venture capitalists and senior colleagues in the government.

Kamdhenu Paints launches new range of emulsions, says products are environment friendly

Jan 09, 2020, at 05:03 pm

Kolkata/IBNS: Kamdhenu Paints, one of India’s leading full-scale decorative paint companyrecently launched its latest range of ‘Weather Classic Max’ exterior emulsion and ultra-luxury premium quality ‘Kamo Hi- Sheen' interior emulsion.

SBM Bank (India) and PayNearby collaborate to offer new age financial solutions

Jan 09, 2020, at 04:18 pm

Kolkata/IBNS: SBM Bank (India), the first bank to receive banking licence in India from the Reserve Bank of India through wholly owned subsidiary route, recently announced a tie up with PayNearby, India’s largest hyperlocal fintech start up.

Dr. R Ananthanarayanan takes over as CEO and MD of Strides Pharma from founder Arun Kumar

Jan 09, 2020, at 03:52 pm

Kolkata/IBNS: Strides Pharma Science Limited (Strides) announced  the appointment of Dr. R Ananthanarayanan as Chief Executive Officer (CEO) and Managing Director (MD) of of the company, effective January 9, 2020.

Union Cabinet gives nod for Ordinance to bring FDI in coal mining

Jan 09, 2020, at 02:28 am

New Delhi/UNI: Aiming to bring investments in coal mining, the Cabinet on Wednesday gave approval for the promulgation of Mineral Laws (Amendment) Ordinance 2020.

Indian market: Sensex falls 51.73 pts

Jan 08, 2020, at 04:20 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Wednesday fell by 51.73 points to settle at 40,817.74 following Iran's missile strike on US-led forces in Iraq and weak economic prospects for the current fiscal year 2019-20.

Indian Rupee slips 20 paise against USD

Jan 08, 2020, at 03:45 pm

Mumbai/UNI: The Rupee on Wednesday slid 20 paise to 72.02 in opening trade, as tension in the middle-east escalated after Iran fired missiles at US military bases in Iraq along with brisk demand for selling of US Dollars by bankers and importers, dealers at the Forex Market said.

Abhibus.com ties up with IRCTC for booking train tickets

Jan 08, 2020, at 03:44 pm

Hyderabad/UNI: AbhiBus.com, India’s fastest growing online marketplace for bus ticketing on Wednesday announced the launch of train ticketing services, a statement said here.

Mantra Capital launches fund for tech startups

Jan 08, 2020, at 03:41 pm

Hyderabad/UNI: Mantra Capital, a cross-border early-stage venture capital fund that is re-envisioning venture capital to solve humankind’s toughest problems, launched globally on Wednesday, a statement said.

GDP growth for FY2019-20 pegged at 5%

Jan 07, 2020, at 09:45 pm

New Delhi/IBNS: The government on Tuesday forecast 5% growth for the current fiscal.

Govt clears hurdles for Air India bids

Jan 07, 2020, at 07:44 pm

New Delhi/IBNS: The end to the woes of trouble-torn Air India could be close as the government approved the draft for inviting bids for a stake sale in the national carrier, reports said, adding that the document inviting the bids will be out before the end of Jan. 

IIT Kharagpur collaborates with Startup in Eastern India to promote Industry 4.0 Manufacturing

Jan 07, 2020, at 06:32 pm

Kolkata/IBNS: The Center of Excellence in Advanced Manufacturing Technology at IIT Kharagpur is roping in MSMEs for collaborative R&D projects and consultancy to develop resources for Industry 4.0.

Bank services to be affected as bank unions to join nationwide strike on Jan 8

Jan 07, 2020, at 05:56 pm

New Delhi/IBNS: Several bank branches and ATMS could be out of service as thousands of bank employees will join the 24-hour bandh on Jan 8 called by ten central trade unions, mediareports said.

IBBI notifies Insolvency and Bankruptcy Board of India Regulations

Jan 07, 2020, at 05:51 pm

New Delhi/UNI: The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on Monday.

Escalation of tension between US and Iran will impact India’s exports to Gulf nation: FIEO

Jan 07, 2020, at 05:48 pm

New Delhi/UNI: Escalation of tension between the US and Iran will have implications on India's exports to the Persian Gulf nation, Federation of Indian Export Organisations said on Tuesday.

Indian Rupee gains 10 paise against USD

Jan 07, 2020, at 05:41 pm

Mumbai/UNI: The Rupee on Tuesday gained by ten paise at 71.83 against the greenback on easing in global crude oil prices, dealers at the Forex Market said.

Supreme Court gives big relief for RComm

Jan 07, 2020, at 05:02 pm

New Delhi/UNI: The Supreme Court on Tuesday ordered the Union of India to refund around Rs 104 crores to Reliance Communications.

Indian market: Sensex recovers 192.84 pts

Jan 07, 2020, at 04:58 pm

Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Tuesday recovered by 192.84 points at 40,869.47 on fresh buying in Materials, Energy, Realty, Power and Metal stocks.

Nissan India introduces Test Drive for Kicks

Jan 07, 2020, at 04:47 pm

Kolkata / New Delhi/IBNS: Nissan India has launched the Anywhere, Anytime test drive for Nissan Kicks - The Intelligent SUV.

Syndicate Bank surpasses 5 lakh crore business mark targeted for FY 19-20

Jan 06, 2020, at 09:33 pm

Bengaluru/IBNS: Syndicate Bank ringed in the new year by crossing a milestone of Five Lakh Crore business (as on December 31, 2019) that the Bank targeted for financial year 2019-20.

Remove jungle of dead cable wires: Mayor Firhad Hakim to operators at Cable TV Show 2020

Jan 06, 2020, at 05:24 pm

Kolkata/IBNS: Kolkata mayor Firhad Hakim on Monday urged the cable TV operators in the city to take immediate steps to remove the jungle of dead cables spread all over the city like eyesores.

Indian Market: Sensex down 787.98 pts

Jan 06, 2020, at 05:15 pm

Mumbai,/UNI: The stock market was hit on Monday following boiling tensions in the Middle East, as the BSE Sensex dropped 787.98 points to settle below 41K mark to 40,676.63 points at close.

Won't pursue executive chairmanship of Tata Group: Cyrus Mistry

Jan 05, 2020, at 08:33 pm

New Delhi/UNI: Cyrus Mistry on Sunday said that he will not be seeking the executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries despite the National Company Law Appellate Tribunal order in his favour.