Cash withdrawal limits to end from Mar 13, says RBI

Feb 08, 2017, at 10:23 pm

Mumbai, Feb 8 (IBNS): The Reserve Bank of India on Wednesday announced people can withdraw Rs. 50,000 per week from their savings accounts from Feb 20.

Indian market ends flat after RBI keeps rates intact, cash withdrawal limits to be removed in p

Feb 08, 2017, at 10:20 pm

Mumbai, Feb 8 (IBNS): The Indian market closed flat on Wednesday largely disappointed with the Reserve Bank of India's Monetary Policy Committee keeping interest rates unchanged, according to media reports.

RBI cites inflation and global uncertainty for keeping rates unchanged

Feb 08, 2017, at 10:06 pm

Mumbai, Feb 8 (IBNS): The Reserve Bank of India (RBI) kept its repo rate, the rate at which RBI lends money to commercial banks, unchanged at 6.25 per cent, at its monetary policy meeting on Wednesday.

Mahindra Lifespaces and State Bank of India sign MoU

Feb 08, 2017, at 10:04 pm

Mumbai,Feb 8 (IBNS) Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, on Wednesday announced a partnership with State Bank of India (SBI) for the establishment of a market-focused platform that will provide information and bespoke home buying solutions for customers across India.

Govt launches special portal, mobile application to speed up statutory clearances for mining

Feb 08, 2017, at 08:58 pm

New Delhi, Feb 8 (IBNS): The central government is launching a special portal and mobile application to enhance transparency and accountability in statutory clearances for mining operations, the Ministry of Mines announced on Wednesday.

Toyota Kirloskar Motor launches new Dual-Tone Etios Liva

Feb 08, 2017, at 03:24 am

Bangalore, Feb 7 (IBNS): Toyota Kirloskar Motor (TKM) on Tuesday announced the launch of the new Dual-Tone Etios Liva with eye-catching dual tone design, unmatched safety standards and a host of exciting features.

Banks accelerate Blockchain Investment, reveals Infosys Finacle and LTP study

Feb 08, 2017, at 02:40 am

Bangalore, Feb 7 (IBNS): Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, along with its partner Let's Talk Payments (LTP), on Tuesday released a global survey report - 'Blockchain Technology: From Hype to Reality'.

ASSOCHAM seeks fine prints of electoral bond scheme

Feb 08, 2017, at 01:59 am

New Delhi, Feb 7 (IBNS): ASSOCHAM on Tuesday said the fine prints of the electoral bond scheme for donations to the political parties by businesses and wealthy individuals should aim at maximising clean-up of the system and transparency in political funding.

Technology has to support financial infrastructure say experts

Feb 08, 2017, at 01:07 am

Kolkata, Feb 7 (IBNS): Speakers at the Financial Summit 2017, recently organised by Kolkata-based Bengal Chamber of Commerce and Industries (BCC&I), emphasised on the need to integrate financial infrastructure and technology to boost capital markets.

Nissan India inaugurates new dealership in Varanasi

Feb 07, 2017, at 10:30 pm

Varanasi ,Feb 7 (IBNS): The Nissan Group of India on Tuesday inaugurated a new dealership in Varanasi, Uttar Pradesh, amid ongoing initiatives to increase its customer touchpoints across India.

Indian benchmark indices end lower on Tuesday

Feb 07, 2017, at 10:13 pm

Mumbai, Feb 7 (IBNS): The Indian market on Tuesday succumbed to worries about the upcoming Reserve Bank of India policy meet and closed lower, according to media reports.

Neeraj Akhoury takes charge as Managing Director & CEO of ACC

Feb 07, 2017, at 09:50 pm

New Delhi, Feb 7 (IBNS): Neeraj Akhoury has been appointed as the Managing Director & CEO of ACC.

HEALTH INSURANCE AND ITS MAJOR BENEFITS

Feb 07, 2017, at 04:32 am

Health insurance is an investment to protect yourself and your family. Contrary to the common belief, a medical insurance policy is not an expense. Your policy covers your hospital cost if you suffer from a health disorder. There are various plans to cover your health risk that are flexible and can be customized. It is important to understand why you need a medical insurance policy from a fundamental perspective first.

Tata Motors hosts new ‘Small Commercial Vehicle Application Expo’

Feb 07, 2017, at 12:11 am

Kolkata, Feb 6 (IBNS): Furthering initiatives for an enhanced customer purchase experience around its popular range of ACE Small Commercial Vehicles (SCV), Tata Motors will host its ‘Small Commercial Vehicle Application Expo’ – ‘Har Business ka Ace’ in Kolkata on Feb 7 and 8.

Indian benchmark indices end Monday on four-month high

Feb 06, 2017, at 11:13 pm

Mumbai, Feb 6 (IBNS): The Indian market ended Monday on a somewhat high note, closing at a four-month high, largely banking on hopes of a rate cut in the forthcoming Reserve Bank of India policy meet, according to media sources.

Lava launches the very first 4G-enabled feature phone in India

Feb 06, 2017, at 11:02 pm

New Delhi /Kolkata, Feb 6 (IBNS): Lava International Limited,on Monday launched the very first 4G-enabled smart feature phone in India – Lava 4G Connect M1.

Cyrus Mistry removed as Director of Tata Sons Limited

Feb 06, 2017, at 10:57 pm

Mumbai, Feb 6 (IBNS): Shareholders of Tata Sons on Monday voted to remove Cyrus Mistry as a Director of Tata Sons Limited.

OYO commemorates meritorious service in Indian police force

Feb 06, 2017, at 09:22 pm

New Delhi, Feb 6 (IBNS): OYO, India’s largest hotel chain, partnered with IPS Central Association (ICA) to offer special benefits to the bravery award winners in the Indian police force and their families.

West Bengal: IIT Kharagpur holds Global Entrepreneurship Summit 2017

Feb 06, 2017, at 06:29 pm

Kharagpur/Kolkata, Feb 6 (IBNS): The Global Entrepreneurship Summit 2017, the largest student-level entrepreneurial summit in India, organised by IIT Kharagpur here on Feb 4, served as a networking platform for budding entrepreneurs, industry leaders and investors.

Qatar Duty Free opens Harvest market restaurant in HIA

Feb 06, 2017, at 01:29 am

Doha, Feb 5 (IBNS): Qatar Duty Free, in partnership with HMSHost International, has opened Doha’s very first Harvest Market restaurant, providing travellers with an exciting open-air food market dining experience inside the Middle East’s only five-star terminal, Hamad International Airport (HIA).

Qatar Airways announces establishment of new company to manage and operate Hamad International Airport

Feb 06, 2017, at 12:57 am

Doha, Feb 5 (IBNS): The Executive Board of Directors of Qatar Airways Group in its meeting on Jan 31 announced the establishment of a new company to manage and operate Hamad International Airport (HIA), as an independent entity owned by Qatar Airways Group.

ASSOCHAM seeks RBI nudge to banks for full transmission of interest cuts, post- note ban

Feb 05, 2017, at 11:09 pm

ew Delhi, Feb 5 (IBNS): As the Monetary Policy Committee of the Reserve Bank of India meets on February 7 and 8 for next bi-monthly credit policy, apex industry body ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the interest rates even as the industry would seek at least 50 -75 basis point reduction in the benchmark lending rates, post demonetization.

Arun M. Kumar elected as Chairman & CEO of KPMG in India

Feb 05, 2017, at 07:59 pm

Kolkata, Feb 5 (IBNS): KPMG in India on Sunday announced the election of Arun M. Kumar as Chairman and Chief Executive Officer of the firm for a five-year term.

Gionee targets to increase its product sales to 12% in 2017

Feb 05, 2017, at 02:29 am

Guwahati, Feb 4 (IBNS): Leading global smartphone brand Gionee has targeted to increase the products sales in 2017 to 12% in India.

All efforts on for smooth handling of data for transition to GST: Member, CBEC

Feb 04, 2017, at 02:45 pm

New Delhi, Feb 4 (IBNS): With the goods and services tax (GST) on the anvil, all state governments are working very closely with central government and all efforts are on to put the elaborate information technology (IT) infrastructure in place for smooth handling of massive amount of data, a top CBEC (Central Board of Excise and Customs) official said at an ASSOCHAM event held in New Delhi on Friday.

Jet Airways declares seventh successive "profitable quarter"

Feb 04, 2017, at 03:45 am

Mumbai, Feb 3 (IBNS): Jet Airways Group on Friday announced its seventh successive profitable quarter with a profit of INR 156.3 cr for the period ending December 31, 2016 supported by rising traffic and improved business efficiencies.

Bank of Baroda inaugurates NRI Help Desk in Mumbai

Feb 04, 2017, at 12:45 am

Mumbai, Feb 3 (IBNS): Under Project Navodaya, Bank of Baroda, Mumbai Zone, recently inaugurated the first NRI Help Desk at Nariman Point Branch in Mumbai.

Telecom base in India touches 1.12 billion at end-November 2016

Feb 03, 2017, at 11:02 pm

New Delhi, Feb 3 (IBNS): Touching new high, telecom base in India has touched 1.12 billion at end-November 2016, officials said on Friday.

Indian benchmark indices end flat with positive bias, BSE IPO oversubscribed

Feb 03, 2017, at 09:59 pm

Mumbai, Feb 3 (IBNS): The Indian market failed to impress on Friday despite ending in positive territory, according to media reports.

Apple going for India made iPhones at Bengaluru facility

Feb 03, 2017, at 05:35 pm

Bengaluru, Feb 3 (IBNS) : As Prime Minister Narendra Modi pitches for "Make in India," technology giant Apple is set to manufacture iPhones in Bengaluru, The Times of India reported.