India's GDP estimated to grow at 7.2 per cent in 2018-19: Officials

Jan 07, 2019, at 06:43 pm

New Delhi, Jan 7 (IBNS): India's Gross Dometic Product will grow at a rate of 7.2 per cent in 2018-2019 session, official data released on Monday said.

Volkswagen makes its ownership experience more affordable by reducing the total cost of ownership across its carlines

Jan 07, 2019, at 06:28 pm

Kolkata, Jan 7 (IBNS): Automobile giant Volkswagen on Monday reinstated its commitment to the Indian market by offering affordable ownership experience across its carlines.

Uber strengthens India leadership, appoints Pavan Vaish as the new Head of Central Operations

Jan 07, 2019, at 06:18 pm

Kolkata, Jan 7 (IBNS): Uber,an on-demand ride-sharing company, on Monday announced the appointment of Pavan Vaish as the new Head of Central Operations. Pavan joins Uber with over 25 years of experience in building and leading global technology businesses.

We believe liquidity needs are largely met: RBI Governor Shaktikanta Das

Jan 07, 2019, at 04:20 pm

Mumbai, Jan 7 (IBNS): RBI governor Shaktikanta Das on Monday said steps will be taken if there is a liquidity shortage in the economy.

Companies likely to seek extension of FDI rules deadline for e-commerce

Jan 05, 2019, at 12:32 pm

Mumbai, Jan 5 (IBNS): Several online companies, including Flipkart, are likely to seek an extension of the deadline to follow the recent changes in the Foreign Direct Investment (FDI) rules for e-commerce, media reports said.

Fifteenth Finance Commission to visit Odisha

Jan 04, 2019, at 06:29 pm

New Delhi, Jan 4 (IBNS): The Fifteenth Finance Commission led by its Chairman, N.K. Singh will visit the State of Odisha from Jan 8 to 11, officials said.

LIC shows profit of Rs.26,147.52 crore in FY 2017-18: Shukla

Jan 04, 2019, at 06:17 pm

New Delhi, Jan 4 (IBNS): Life Insurance Corporation of India (LIC)t has realised a profit of Rs.20,269.47 crore and Rs.26,147.52 crore in the financial years 2016-17 and 2017-18 respectively, minister said on Friday.

Different Income Heads Taxable Under the Income Tax Act

Jan 04, 2019, at 11:42 am

There are five different heads on income described under the Income Tax Act 1961, which cover every taxable source of income in India and help consolidate them. At the end of each year, you have to classify your annual earnings under these heads and calculate the amount of tax payable by you.

Now is the Perfect Time to Buy Gold – Here’s Why

Jan 04, 2019, at 11:27 am

Gold is historically viewed as an investment hedge that stays strong even as inflation ravages the economy. Most investors think of it as an insurance policy when bad times roll, as fiat currency and other assets waver in difficult times. The current geopolitical climate has only consolidated the status of gold as a robust safe haven asset.

India merger and acquisitions reached all time high in 2018: Thomson Reuters Data

Jan 04, 2019, at 11:14 am

Mumbai, Jan 4 (IBNS) The value of announced mergers & acquisitions (M&A) deals involving Indian companies reached US$129.4 billion in 2018, a 104.5% increase in value from last year, surpassing the annual record set in 2007 (US$67.4 billion), according to Thomson Reuters India M&A data for 2018.  

Hero Motocorp crosses 8 million sales mark in calendar year

Jan 02, 2019, at 06:44 pm

New  Delhi, Jan 2 (IBNS): Automobile giant Hero MotoCorp, the world’s largest two-wheeler manufacturer, capped-off the Calendar Year (CY) 2018 with yet another significant benchmark, by selling a record 8,039,472 units of motorcycles and scooters in the January-December period.

Expert Speak: Choosing the First Job

Jan 02, 2019, at 11:24 am

Debasish Dutta, Managing Partner & CEO, Orange Corp, Global with business interests in venture capital, Artificial Intelligence, Film production among others across Europe, USA and Asia in a conversation with Subhojit Roy, Co-founder of Connections PR, outlines the requirements and goals that a new entrant in the job market should consider.

Urjit Patel had been wanting to resign for 6-7 months: PM Modi

Jan 01, 2019, at 09:19 pm

New Delhi, Jan 1 (IBNS): Prime Minister Narendra Modi on Tuesday said former RBI governor Urjit Patel had been wanting to resign for six or seven months before he actually did.

GST collection touches Rs. 94,726 crore in December

Jan 01, 2019, at 05:01 pm

New Delhi, Jan 1 (IBNS):  GST collection dropped to touch Rs. 94,726 crore in December than its previous month, official government data released on Tuesday said.

Banks recover Rs. 40,400 cr of bad loans: RBI

Jan 01, 2019, at 01:21 pm

New Delhi, Jan 1 (IBNS): The Reserve Bank of India (RBI) has revealed that banks have witnessed a significant improvement in recovery of stressed assets aided by the Insolvency and Bankruptcy Code (IBC) during FY18.

Toyota Kirloskar Motor records 10% growth in year-end sales December 2018

Dec 31, 2018, at 06:38 pm

Bangalore, Dec 31 (IBNS): Automobile major Toyota Kirloskar Motor has posted a growth of 10% in December 2018 as compared to domestic sales in December 2017.

Eco Adventure tourism is the next big thing for Indian tourism industry, says Priya Entertainments' MD Arijit Dutta

Dec 28, 2018, at 11:52 am

Adventure tourism shall be a major career option in the days to come says Arijit Dutta, Managing Director of Kolkata-based Priya Entertainments Pvt Ltd. 

Rs 3000cr income-generation scheme has no takers

Dec 27, 2018, at 03:24 pm

New Delhi, Dec 27 (IBNS): A Rs 3,000 crore scheme started 20 months ago that seeks promote industrialisation and boost employment and income generation in the northeastern states has no takers, Union minister of state for commerce and industry C.R. Chaudhary has revealed.

Nod to 3 National Investment & Manufacturing Zones, more on cards

Dec 27, 2018, at 03:17 pm

New Delhi, Dec 27 (IBNS): The Centre has accorded final approval to three National Investment & Manufacturing Zones (NIMZs) and in-principle approval to 13 more, Union minister of state for commerce and industry C.R. Chaudhary has said.

Zomato enters the experiential events space with Zomaland

Dec 27, 2018, at 12:58 pm

New Delhi, Dec 27 (IBNS): After a decade of helping India make informed food choices with restaurant reviews and rating, food delivery,  restaurant search and online food delivery platform Zomato is launching food and entertainment carnival, Zomaland, marking its entry into the space of large-scale experiential events.

India hosts business forum for new opportunities in Uzbekistan

Dec 27, 2018, at 12:06 pm

Ahmedabad, Dec 27 (IBNS): India has hosted a business forum on “New opportunities for Indian business in Uzbekistan – India Free Pharmaceutical Zone in Andijan region” in Ahmedabad, Gujarat.

Sensex slumps 400 points, Hindustan Unilever share price falls by 2.32 pc

Dec 26, 2018, at 12:31 pm

Mumbai, Dec 27 (IBNS) : A day after the National Anti-Profiteering Auhority, (NAA) slapped a Rs. 383-crore fine on the grounds of not passing benefits of GST rate cuts to consumers, shares  of Hindustan Unilever Ltd fell as much as 2.32 per cent  to Rs 1,742 per share on Wednesday as Indian benchmark indices BSE Sensex and NSE’s Nifty 50 declined over 1 per cent for the fourth consecutive session with global stock market remaining under pressure over global political uncertainties, reports said.

GST may have single standard rate between 12-18 percent: Jaitley

Dec 24, 2018, at 06:00 pm

New Delhi, Dec 24 (IBNS): Union Finance Minister Arun Jaitley on Monday said his government is working towards developing a single national sales tax rate.

In Cong-JD-S ruled Karnataka, 25 farmers committed suicide every month, says report

Dec 20, 2018, at 05:51 pm

Bengaluru, Dec 20 (IBNS): The populist measure like farm loan waivers to address the agrarian crisis has been adopted by the political parties to win big in the elections, but farmers continue to commit suicide in Indian states like Karnataka which is ruled by a combination of the Janata Dal-Secular and Congress.

Volkswagen awards the prestigious Diamond Pin to Lally Motors from Punjab

Dec 19, 2018, at 06:50 pm

Kolkata, Dec 19 (IBNS): Further strengthening its testament of celebrating ten years, thousand cars and countless accolades, Lally Motors Pvt. Ltd from Punjab today received the Diamond Pin award from Volkswagen, Europe’s leading car manufacturer in India.

Mahindra’s much-awaited SUV, the S201 is christened XUV300

Dec 19, 2018, at 06:30 pm

Mumbai, Dec 19 (IBNS): Mahindra & Mahindra Ltd. (M&M), a part of the US $20.7 billion Mahindra Group, today unveiled the brand name of its highly-anticipated new offering, code-named S201, as the XUV300.

Wait for gender equality gets longer as women’s share of workforce, politics drops: WEF

Dec 19, 2018, at 03:15 pm

Geneva, Switzerland, Dec 19 (IBNS): Stagnation in the proportion of women in the workplace and women’s declining representation in politics, coupled with greater inequality in access to health and education, offset improvements in wage equality and the number of women in professional positions, leaving the global gender gap only slightly reduced in 2018. This is according to the Forum’s Global Gender Gap Report 2018, published  on Tuesday.

Ola to invest $100mn in scooter sharing startup Vogo to power supply of 100,000 scooters

Dec 18, 2018, at 06:24 pm

Kolkata, Dec 18 (IBNS): Vogo, India’s fastest growing scooter sharing network, for short haul commute, on Tuesday announced its strategic partnership with Ola, one of the world’s largest ride-hailing platforms.

Parryware forays into PVC pipes and fittings market in India

Dec 18, 2018, at 06:12 pm

Kolkata, Dec 18 (IBNS): Parryware, India’s contemporary bathroom solutions brand, has expanded its business operations in India with foray into the household plumbing pipe segment.

KFC enters 100th city in India

Dec 18, 2018, at 06:07 pm

Kolkata, Dec 18 (IBNS): KFC, maker of the tastiest chicken in the world, announced their entry into the 100th city in India on Tuesday.