Mauritius-based Royale Partners offers $1.67 billion fund for Sahara's Aamby Valley

Aug 12, 2017, at 05:03 am

New Delhi, Aug 11 (IBNS): A Mauritius-based investor, Royale Partners Investment Fund, on Friday said it has offered to invest $1.67 billion (over Rs10,700 crore) in embattled Sahara group’s Aamby Valley project, a press release from Sahara Corporate Communications said.

Deepak Fertilisers and Petrochemicals announces Q1 results, consolidated operating income grows by 20%

Aug 12, 2017, at 04:47 am

Mumbai, Aug 11 (IBNS): Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Friday announced its financial results for the quarter ended June 30, 2017 (Q1 FY18).

Tata Steel UK Limited signs documentation for RAA in relation to British Steel Pension Scheme

Aug 12, 2017, at 01:14 am

Mumbai, Aug 11 (IBNS): Tata Steel UK on Friday announced it had signed the documentation for a Regulated Apportionment Arrangement (RAA) with the Trustee of the British Steel Pension Scheme, offering more sustainable outcomes for pensioners, employees and the business.

SAIL Q1FY18 results achieve 26% growth in turnover, 9% growth in sales volume

Aug 12, 2017, at 12:48 am

New Delhi, Aug 11 (IBNS): Steel Authority of India Ltd. (SAIL), achieved a turnover of Rs 12,860 Crore in the first quarter of FY18 (Q1FY18) registering a growth of 26% over the turnover of Rs. 10,180 Crore achieved in corresponding period last year (CPLY).

Indian market closes lower on Friday

Aug 11, 2017, at 11:01 pm

Mumbai, Aug 11 (IBNS): The Indian market ended lower on Friday with BSE Sensex down 317.74 points at 31,213.59 and NSE Nifty down 109.45 points at 9,710.80.

Major investor Benchmark sues former Uber CEO Travis Kalanick

Aug 11, 2017, at 09:17 pm

San Francisco, Aug 11 (IBNS): Former Uber CEO Travis Kalanick has been sued by one of the company's early investor Benchmark, media reports said.

Economic Survey 2016-17 Volume-2 : State of the Economy - Analytical Overview and Outlook

Aug 11, 2017, at 07:07 pm

New Delhi, Aug 11 (IBNS): Union Finance Minister Arun Jaitley presented the second volume of the Economic Survey for 2016-17 in the Lok Sabha on Friday.

Taapsee Pannu joins Panasonic’s brand ambassador bandwagon

Aug 11, 2017, at 05:13 am

Kolkata, Aug 10 (IBNS): Consumer electronics brand Panasonic India on Thursday announced the appointment of Bollywood celebrity Taapsee Pannu, as the brand ambassador, in addition to Varun Dhawan, the existing brand ambassador for its Smartphone Business.

Jet Airways announces freedom sales

Aug 11, 2017, at 05:06 am

Mumbai, Aug 10 (IBNS): Jet Airways, India’s premier full service international airline, on Thursday announced a special six-day celebratory fare sale to mark India’s 70th Independence Day.

Nissan India launches NissanConnect

Aug 11, 2017, at 04:53 am

Chennai/Kolkata, Aug 10 (IBNS): Nissan India on Thursday launched NissanConnect, an integrated information and communication platform that connects with the customer’s smartphone to provide enhanced driving experience.

Symphony records PAT at Rs.24 Cr. in Q1 FY 2017-18

Aug 11, 2017, at 04:47 am

Mumbai, Aug 10 (IBNS): Air cooler company, Symphony Limited, reported net profit at Rs. 24.04 crore for the quarter ended June 2017 as against Rs. 31.56 crore in the corresponding quarter ended June 2016.

Dwarikesh Sugar's Q1 profit rises by 88% YoY

Aug 11, 2017, at 04:44 am

Mumbai, Aug 10 (IBNS): Dwarikesh Sugar Industries Ltd, reported net profit of Rs 59.3 crore for the quarter ended June 2017, as compared to profit of Rs 31.5 crore, during the corresponding quarter last year, a growth of 88% YoY.

Manpasand Beverages net profit up 25.04% at Rs. 35.82 crore in Q1 FY 2017-18

Aug 11, 2017, at 04:34 am

Mumbai, Aug 10 (IBNS): Indian fruit drink player manufacturer Manpasand Beverages Ltd. has reported a 25.04% rise in net profit at Rs. 35.82 crore for the first quarter ended June 30, 2017 as against net profit of Rs. 28.65 crore in the corresponding quarter of previous fiscal.

SpiceJet registers 10th consecutive profitable quarter

Aug 11, 2017, at 04:27 am

Gurgaon, Aug 10 (IBNS): SpiceJet reported a profit of INR 175 crore for the three months ended June 30th, 2017 as against 149 crore in the same quarter last year, making it the 10th successive profitable quarter for the airline. The profits grew by 18% during this period.

Tata Motors and Skoda cease discussions around potential partnership

Aug 11, 2017, at 03:45 am

Mumbai, Aug 10 (IBNS): Tata Motors and Skoda Auto have performed a joint technical feasibility and commercial evaluation of a potential collaboration. Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed.

HCC wins Rs 810 crore JKSPDCL contract

Aug 11, 2017, at 02:11 am

Mumbai, Aug 10 (IBNS): Infrastructure major Hindustan Construction Company (HCC) has been awarded a contract worth Rs 810.37 crore by Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL).

Nifty posts one-month lowest closing, Indian benchmarks close lower on Thursday

Aug 10, 2017, at 10:47 pm

Mumbai, Aug 10 (IBNS): The Indian market closed lower on Thursday with BSE Sensex down 266.51 points at 31,531.33 and NSE Nifty down 87.80 points at 9,820.25.

Vinay Dube joins Jet Airways as CEO

Aug 10, 2017, at 12:51 am

Mumbai, Aug 9 (IBNS):Jet Airways announces the appointment of Vinay Dube as its Chief Executive Officer after receipt of all requisite Government and regulatory approvals.

IDFC Bank partners with Zeta to launch ‘IDFC Bank Benefits’

Aug 10, 2017, at 12:30 am

Bangalore/ Mumbai, Aug 9 (IBNS): IDFC Bank has partnered with Zeta, a leader in the digitised employee benefits space, to launch ‘IDFC Bank Benefits’ - an innovative solution for corporates that digitises employee spends and claims, making the process simple, real-time and paperless.

Indian benchmark indices decline on Wednesday

Aug 09, 2017, at 10:19 pm

Mumbai, Aug 9 (IBNS): The Indian market closed lower on Wednesday with BSE Sensex down 216.35 points at 31,797.84 and NSE Nifty down 70.50 points at 9,908.05.

Flipkart, Sanyo enter exclusive partnership for NXT TV Series

Aug 09, 2017, at 10:18 pm

Bengaluru, Aug 9 (IBNS): Flipkart, an e-commerce marketplace, on Wednesday announced its exclusive partnership with renowned Japanese television maker, Sanyo to launch its brand new NXT TV series on the platform.

Amazon launches Great Indian Sale

Aug 09, 2017, at 10:17 pm

Bangalore, Aug 9 (IBNS): Online marketplace Amazon.in has announced that the Amazon Great Indian Sale has started from 12 am (midnight) on Aug 9 up to 11:59 pm on Aug 12 and will offer a selection of over 100 million products across various categories, including big brands, with irresistible deals at attractive prices.

ICICI Bank introduces instant credit card

Aug 09, 2017, at 09:43 pm

Mumbai, Aug 9 (IBNS): ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of instant credit cards.

Land Rover opens bookings for all-new Discovery in India

Aug 09, 2017, at 09:13 pm

Mumbai/Kolkata, Aug 9 (IBNS): Land Rover has opened bookings for the fifth generation of Discovery.

TAL BRABO Welding Robot to power the future of welding processes in India

Aug 09, 2017, at 09:08 pm

Kolkata / Mumbai, Aug 9 (IBNS): TAL Manufacturing Solutions, a subsidiary of Tata Motors, on Wednesday announced the launch of its indigenously developed, TAL BRABO Welding Robot. Exhibited for the first time at the Automation Expo from 09 – 12 August 2017 in Mumbai, the TAL BRABO Welding Robot has been developed for welding operations with highly reliable features and ensures utmost safety as it is equipped to seamlessly perform all dangerous actions associated with welding.

Sonalika Tractors emerges as India’s no.1 tractor company

Aug 09, 2017, at 08:53 pm

Kolkata / New Delhi, Aug 9 (IBNS): India’s youngest and the third largest tractor brand, International Tractors Limited (ITL), makers of Sonalika tractors, has emerged as the number one tractor manufacturing company in > 51 HP Segment category for the month of June.

Actor Parno Mittra finds Kolkata's newest luxury residential complex, Urbana, complete in itself

Aug 09, 2017, at 07:15 pm

Kolkata, Aug 9 (IBNS): Located on Kolkata's Eastern Metropolitan Bypass, Urbana is Kolkata's latest luxury residential address, which recently held a preview of its show flats.

NSDC, Google come together to introduce Mobile Skill Development program

Aug 09, 2017, at 02:52 am

New Delhi, Aug 8 (IBNS): The National Skill Development Corporation (NSDC), a public-private partnership enterprise under the Ministry of Skill Development & Entrepreneurship (MSDE), took a step towards scaling up the mobile developer ecosystem in India along with Google India by creating an Android Skill Development Program.

Indian handset market crosses 350 million shipments in 2017: ASSOCHAM-KPMG study

Aug 09, 2017, at 01:06 am

New Delhi, Aug 8 (IBNS): Indian handset market recorded over 350 million shipments in the year 2017 as compared to 280 million in 2016, a surge in revenue from INR 111,000 crores in 2015 to INR 135,000 crore in 2016, according to an ASSOCHAM-KPMG joint study.

NSE Nifty falls below 10,000 mark on Tuesday, market closes lower too

Aug 08, 2017, at 10:45 pm

Mumbai, Aug 8 (IBNS): NSE Nifty dropped from its record 10,000 mark on Tuesday, and the overall market ended lower too, according to media reports.