Tube Investments of India records standalone Q2 net profit up by 113 pct
Nov 04, 2016, at 04:38 am
Kolkata/Chennai, Nov 3 (IBNS): The Board of Directors of Tube Investments of India Limited (TII) met on Thursday and approved the financial results for the quarter ended 30th September, 2016.
Tata Motors signs MOU with Indonesia's PT Pindad
Nov 04, 2016, at 01:09 am
Jakarta/Kolkata, Nov 3 (IBNS): Automobile manufacturer Tata Motors and PT Pindad on Thursday signed a Memorandum of Understanding (MoU) for cooperation to effectively explore market potential of Tata Armoured Vehicles in Indonesia and other agreed regions of ASEAN.
IDBI Bank receives National Award for excellence in Micro lending
Nov 04, 2016, at 12:59 am
Mumbai, Nov 3 (IBNS): Ministry of MSME has instituted National Awards for Excellence in MSE Lending to Public Sector Banks in recognition of the performance in financing to Micro and Small Enterprises.
Indian markets cautious over US elections, GST rate finalised
Nov 04, 2016, at 12:50 am
Mumbai, Nov 3 (IBNS): The Indian financial market turned jittery on Thursday with concerns over the US Presidential elections scheduled on Nov 8. according to media reports.
Arun Jaitley: GST rate finalised, with lowest at five per cent
Nov 03, 2016, at 11:12 pm
New Delhi, Nov 3 (IBNS): The Goods and Serivces Tax Council (GST Council), led by Union Finance Minister Arun Jaitley, fixed the GST rate structure on Thursday, according to media reports.
YES Bank launches YES Mobile 2.0 banking app
Nov 03, 2016, at 07:02 pm
Mumbai, Nov 3 (IBNS): YES Bank recently announced the launch of “YES Mobile 2.0â€, a mobile banking app with multiple industry first features, and extensive support for banking transactions on Apple and Android based smart watches.
SAIL posts 20% sales growth during Apr-Oct’16 period
Nov 02, 2016, at 11:31 pm
New Delhi, Nov 2 (IBNS): Steel Authority of India Ltd. (SAIL) witnessed a robust growth in total sales during the April-October’16 period of 20% over the corresponding period last year (CPLY).
Indian benchmark indices end in the red on Wednesday
Nov 02, 2016, at 10:37 pm
Mumbai, Nov 2 (IBNS): Tense over the presidential elections in the United States (US), market investors in Asia and Europe turned cautious and Indian markets followed suit on Wednesday.
Festive season drives Honda’s highest monthly retail sales in 2016
Nov 02, 2016, at 10:36 pm
Mumbai, Nov 2 (IBNS): Honda Cars India Ltd. (HCIL) on Wednesday said it has registered its highest monthly retail sales during CY-2016 in October 2016 and delivered more than 20,000 cars in this festive month.
AmCham appoints new Director General CEO
Nov 02, 2016, at 10:34 pm
Kolkata, Nov 2 (IBNS): The American Chamber of Commerce in India (AmCham) has appointed Ranjana Khanna as its new Director General CEO, who takes over on Nov 2.
Kolkata: Mahindra drives its new ‘e2oPlus’ to city
Nov 02, 2016, at 09:50 pm
Kolkata , Nov 2 (IBNS): Indian automobile manufacturer Mahindra and Mahindra, on Friday, announced the launch of its new electric car, the ‘e2oPlus’ in Kolkata.
Cox & Kings Ltd introduces money transfer solutions in partnership with UAE Exchange India
Nov 02, 2016, at 09:39 pm
Mumbai, Nov 2 (IBNS): Making a foray into the money transfer business in India, Cox & Kings Ltd, the leading holidays and education travel group, has partnered with UAE Exchange India, the leading financial institution, to provide inward remittance and domestic money transfer services in India.
Mahindra’s auto sector sells 52,008 vehicles during October
Nov 02, 2016, at 09:04 pm
Mumbai, Nov 2 (IBNS): Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, on Wednesday announced its auto sales performance for October 2016 which stood at 52,008 vehicles compared to 51,383 vehicles during October 2015.
Mahindra tractors sells 43,826 units
Nov 02, 2016, at 09:03 pm
Mumbai, Nov 2 (IBNS): Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 17.8 billion Mahindra Group, on Wednesday announced its tractor sales numbers for October 2016.
ICICI Bank launches home loan overdraft for salaried customers
Nov 02, 2016, at 07:27 pm
Mumbai, Nov 2 (IBNS): ICICI Bank Ltd announced on Wednesday the launch of a credit facility against home loans for salaried customers.
Maruti Suzuki India Limited sells 133,793 units in October
Nov 02, 2016, at 04:29 am
New Delhi, Nov 1 (IBNS): Maruti Suzuki India Limited, leader in passenger vehicles, on Tuesday sold a total of 133,793 units in October 2016.
Economy set to perform better in 2nd half of FY 16: ASSOCHAM Bizcon survey
Nov 02, 2016, at 04:15 am
New Delhi, Nov 1 (IBNS): Indian economy would be performing better in the second half of the current fiscal and the trend appears to have begun from the quarter beginning October, 2016 with 66.7 per cent of the latest ASSOCHAM Bizcon Survey respondents expecting uptick in sales, capacity utilization, though positivity on fresh investment is tentative.
Markets fail to cling to initial gains on Tuesday
Nov 01, 2016, at 11:59 pm
Mumbai, Nov 1 (IBNS): The Indian market failed to retain its early gains on Tuesday, with Sensex, which had reached an intra-day high of 28029.80, finally closing lower at 27876.61, down 53.60 points and Nifty, which had touched 8669.60, closed at 8626.25, up 0.55 points.
Nov 01, 2016, at 11:15 pm
New Delhi, Nov 1 (IBNS): Micro-blogging site Twitter India's head Rishi Jaitly on Tuesday announced his decision to quit the company.
Indian FMCG firms outpace MNCs in growth, revenue: ASSOCHAM-TechSci study
Nov 01, 2016, at 09:52 pm
New Delhi, Nov 1 (IBNS): During the FY 2016, domestic Fast-moving consumer goods (FMCG) companies have performed significantly well vis-Ã -vis the multinational companies in India, according to the just concluded study by ASSOCHAM-TechSci Research.
Hyundai Motor India registers record cumulative sales with 64,372 units
Nov 01, 2016, at 09:49 pm
New Delhi, Nov 1 (IBNS): Hyundai Motor India Ltd, the country’s leading car manufacturer and the largest passenger car exporter, on Tuesday said it has registered highest-ever domestic sales of 50,016 units and exports of 14,356 units with record cumulative sales of 64,372 units for the month of October 2016.
Tata Motors records a growth of 21% in October 2016
Nov 01, 2016, at 09:43 pm
New Delhi, Nov 1 (IBNS): Tata Motors passenger and commercial vehicle total sales (including exports) in October 2016 were at 52,813 vehicles, a growth of 21%, over 43,486 vehicles sold in October 2015.
September core sector output up 5%
Nov 01, 2016, at 12:17 am
New Delhi, Oct 31 (IBNS): The combined Index of Eight Core Industries stands at 176.1 in September, 2016, which was 5 % higher compared to the index of September, 2015, read a government data released on Monday.
Delta, Virgin Atlantic,Jet Airways expand cooperation with India-US code share via London Heathrow
Oct 31, 2016, at 11:31 pm
Mumbai, Oct 31 (IBNS): Delta Air Lines and Virgin Atlantic on Monday announced expanded cooperation with Jet Airways to provide convenient codeshare connections for customers between key destinations across North America and India via London Heathrow.
Indian benchmark indices end lower on first day of new Samvat; market closed on Monday
Oct 31, 2016, at 10:09 pm
Mumbai, Oct 31 (IBNS): The Indian stock markets remained closed on Monday but conducted business on Sunday as it was the first day of Samvat 2073, the Hindu calendar year, according to media sources.
Fab Group launches “Fab Motors Cycles†in Hyderabad
Oct 31, 2016, at 05:00 pm
Hyderabad, Oct 31 (IBNS): The Fabulous & Beyond Group (Fab) has launched “Fab Motors cycles†on Monday.
Etihad Airways celebrates Diwali in sky
Oct 31, 2016, at 12:32 am
Abu Dhabi, Oct 30 (IBNS): Guests travelling from New York to Abu Dhabi with Etihad Airways, the national airline of the UAE, were treated to a surprise celebration of Diwali ahead of this weekend’s Hindu festival of lights.
GMR Airports submits bid for new international airport in Greece
Oct 29, 2016, at 02:48 am
New Delhi, Oct 28 (IBNS): GMR Infrastructure Limited, India’s leading Infrastructure Company, on Friday announced that its subsidiary, GMR Airports Limited (GAL), has submitted the bid along with its partner GEK Terna Group of Greece for the Development, Operations and Management of New International Airport of Heraklion at Crete Island, Greece.
Oct 28, 2016, at 11:39 pm
New Delhi, Oct 28 (IBNS): IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc.
Gartner says full autonomy may not be possible or desirable in smart machines
Oct 28, 2016, at 11:29 pm
New Delhi, Oct 28 (IBNS): By 2020, smart machines will be a top five investment priority for more than 30 percent of CIOs, according to Gartner, Inc.