Azim Premji to retire as Wipro chairman, son Rishad to take over

Jun 06, 2019, at 10:31 pm

Mumbai, Jun 6 (IBNS): IT veteran Azim Premji will retire as the executive chairman of the Wipro Limited with effect from July 30.

Market welcomes RBI's decision to cut repo rate by 25 bps

Jun 06, 2019, at 04:34 pm

Mumbai, Jun 6 (IBNS): The Reserve Bank of India (RBI)'s decision to cut the repo rate by 25 basis points (bps) has received a good response from the market.

Loans could get cheaper as RBI cuts repo rate by 25 bps to 5.75 pc

Jun 06, 2019, at 01:00 pm

Mumbai, Jun 6 (UNI): Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points (bps) to 5.75 per cent with immediate effect in its second bi-monthly monetary policy, RBI Governor Shaktikanta Das said.

RBI cuts repo rate by 25 bps

Jun 06, 2019, at 12:10 pm

Mumbai, Jun 6 (IBNS): For the third time in a row, the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points on Thursday, media reports said.

Goa CM Pramod Sawant assures industry of 'single window' clearance system in three months

Jun 06, 2019, at 11:09 am

Panaji, Jun 6 (UNI): Goa Chief Minister Pramod Sawant has assured the Goan industry of a single window clearance system through the Goa Investment Promotions and Facilitation Board in three months time.

Work on Economic Census- 2019 gathers momentum

Jun 05, 2019, at 08:40 pm

New Delhi, Jun 5 (UNI): Confronted with problems of joblessness and slump-down in Gross Domestic Product, the National Democratic Alliance Government has begun preparations to hold the seventh economic census in the country.

TRA launches most trusted brand report

Jun 05, 2019, at 07:50 pm

Hyderabad, Jun 5 (UNI): Trust Research Advisory's (TRA) most trusted brands report, India study, 2019, in its ninth edition, has listed the country’s 1,000 most trusted brands based on a primary study with consumer-influencers and on TRA’s proprietary model of brand trust.

World Bank lowers 2019 global growth forecast, maintains projection for China

Jun 05, 2019, at 05:25 pm

Washington, June 5 (Xinhua) The World Bank on Tuesday lowered its global growth forecast for 2019 to 2.6 percent, while maintaining its growth projection for China at 6.2 per cent, according to the newly released semi-annual Global Economic Prospects report.

Alliance Air starts flight service from Jharsuguda to Bhubaneswar and Raipur

Jun 05, 2019, at 04:58 pm

Bhubaneswar, Jun 5 (UNI) Alliance Air, a subsidiary of state-run Air India today started direct flights from Veer Surendra Sai (VSS) Airport at Jharsuguda to Bhubaneswar and Raipur.

World Bank puts India's growth forecast at 7.5 percent for fiscal 2020

Jun 05, 2019, at 09:06 am

Washington, June 5 (IBNS): In its current forecast, World Bank has put India's growth rate at 7.5 percent in the present financial year.

Airtel Payments Bank enables BHIM UPI based payments at over 500,000 merchants

Jun 04, 2019, at 05:24 pm

Kolkata, June 4 (IBNS): Airtel Payments Bank on Tuesday said that it has enabled open loop BHIM UPI based payments at over 500,000 merchant points across India, allowing consumers to make digital payments for good and services by using any BHIM UPI enabled bank or payments app over their mobile phones.

TVS Motor Co. registers growth in May 2019

Jun 04, 2019, at 05:11 pm

Kolkata, Jun 04 (UNI) TVS Motor Company registered sales of 307,106 units in May 2019 as against 309,865 units in May 2018.

No alteration in deadline of filing annual GST return

Jun 04, 2019, at 05:03 pm

New Delhi, Jun 4 (UNI) The Government on Tuesday cleared the air that there would be no change in the last date for filing of annual return of the GST for FY 2017-18.

Indian market: Sensex down by 184.08 points

Jun 04, 2019, at 05:01 pm

Mumbai, Jun 4 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Tuesday slipped by 184.08 points to settle at 40,083.54 on profit booking by local operators at higher level.

Sahara enters Automobile Sector; rolls out the largest range of Electric

Jun 04, 2019, at 03:15 pm

Lucknow, Jun 4 (IBNS): Sahara India Pariwar has announced its foray into the automobile sector, under the brand name, ‘Sahara Evols’. The business venture will cater India’s largest range of Electric Vehicles (EVs) along with advanced allied services.

Bajaj Auto marks sale rise by 3 pct in May

Jun 03, 2019, at 05:11 pm

Mumbai, Jun 3 (UNI) Bajaj Auto has reported a rise of three percent in its total sale for the month of May 2019 at 4,19,235 units as compared to 4,07,044 units in May 2018.

May 2019 sale of Suzuki Motorcycle India moves up by 17.70 pc

Jun 03, 2019, at 05:07 pm

Mumbai, Jun 3 (UNI) Suzuki Motorcycle India (SMIPL), a subsidiary of two-wheeler manufacturer, Suzuki Motor Corporation reported 17.70 per cent increase in sales for the month of May 2019.

TVS Motor Company records sales of 307,106 units in May 2019

Jun 03, 2019, at 05:05 pm

Bengaluru, June 3 (UNI) Auto major TVS Motor Company has registered a total sales of 307,106 units in May 2019 as against 309,865 units in the month of May 2018.

Ashok Leyland May 2019 figures down by 4 pc

Jun 03, 2019, at 04:56 pm

Mumbai, Jun 3 (UNI) Commercial Vehicle Major, Ashok Leyland Ltd has reported a drop of 4 per cent in its May 2019 total sales at 13172 units as against 13659 units in May 2018.

Indian Market: Sensex new closing high at 40,267.62 pts; up 553.42 pts

Jun 03, 2019, at 04:52 pm

Mumbai, Jun 3 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday hit all-time high at 40,267.62 zoomed up by 553.42 points following gains HDFC and Reliance Industries even fall in crude oil prices and hope of rate cut by the RBI's Monetary Policy Committee (MPC) too lifted investor sentiment.

HeroMoto Corp moves up by 6.01 pc to Rs 2842.50

Jun 03, 2019, at 04:41 pm

Mumbai, Jun 3 (UNI) HeroMoto Corp on Monday rallied by 6.01 per cent to Rs 2842.50 to be the top gainers in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).

Bharti AXA Life new business income grows 25 pc to Rs 911 crore in FY19

Jun 03, 2019, at 01:02 pm

New Delhi, Jun 3 (IBNS): Leading private insurer Bharti AXA Life Insurance today said its new business premium increased 25 per cent growth at Rs 911 crore in the financial year 2018-19 against Rs 731 crore in the corresponding previous fiscal period.

SpiceJet chairman Ajay Singh elected to IATA Board

Jun 02, 2019, at 07:27 pm

Gurugram, Jun 2 (UNI) Private airline SpiceJet Chairman and Managing Director Ajay Singh was on Sunday appointed on the Board of Governors (BoG) of the International Air Transport Association (IATA).

ITDC profits increase threefold to Rs 43.93 crore in FY 2018-19

May 31, 2019, at 08:13 pm

New Delhi, May 31 (IBNS): India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the tourism ministry, posted a significant performance for the financial year 2018-19. 

GDP growth drops to 5.8 percent in March quarter

May 31, 2019, at 05:56 pm

New Delhi, May 31 (IBNS): The rate of India's  gross domestic product (GDP) growth in the January-March quarter of 2018-19 moved down to touch 5.8 percent, official data released on Friday revealed.

TPCI greets new Minister Piyush Gyoal

May 31, 2019, at 05:34 pm

New Delhi, May 31 (UNI) Trade Promotion Council of India (TPCI) congratulated Piyush Goyal on being allocated the Commerce and Industry Ministry on Friday.

Senco unveils new collection for Eid festival

May 31, 2019, at 05:33 pm

Kolkata, May 31 (UNI) Senco Gold and Diamonds, a jewellery retail chain headquartered in Kolkata, today launched ‘Noor-e-Jashn” jewellery collection to celebrate Eid this year.

US crude oil production increases slightly: EIA

May 31, 2019, at 05:23 pm

Houston, May 30 (Xinhua/UNI) US crude oil production increased slightly during the week ending May 24, US Energy Information Administration (EIA) said.

Nirmala Sitharaman takes charge as the Union Minister of Finance & Corporate Affairs

May 31, 2019, at 05:15 pm

New delhi, May 31 (IBNS): Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs here on Friday. 

Petrol gets cheaper by 13 p; diesel down by 7 p/l

May 31, 2019, at 04:51 pm

New Delhi, May 31 (UNI) Petrol and diesel prices slashed for second consecutive day on Friday by 12-13 paise per litre and seven paise per litre respectively.