RBI Monetary Policy Committee cuts repo rate by 25 basis points to six per cent

Aug 02, 2017, at 08:50 pm

Mumbai, Aug 2 (IBNS): The Reserve Bank of India (RBI) Monetary Policy Committee cut the repo rate by 25 basis points to six per cent on Wednesday at its third bimonthly policy review, according to media reports.

Tata Steel completes sale of its Hartlepool SAW pipe mills

Aug 02, 2017, at 03:02 am

Mumbai/ Kolkata, Aug 1 (IBNS): Tata Steel UK on Tuesday announced it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.

Samsung Pay now becomes available for SBI Debit Cards

Aug 02, 2017, at 02:49 am

Mumbai, Aug 1 (IBNS): State Bank of India and Samsung India on Tuesday announced the availability of Samsung Pay for higher variants of SBI Debit Card.

Tata Power awarded for excellence in cost management

Aug 02, 2017, at 01:12 am

Mumbai/ Kolkata, Aug 1 (IBNS): Tata Power, an integrated power company, on Tuesday announced that the company has been awarded for excellence in cost management in the ‘power distribution and transmission’ category at the 14th National Awards for Excellence in Cost Management 2016.

A. J. Kurian takes charge of CVO, SAIL

Aug 02, 2017, at 12:39 am

New Delhi, Aug 1 (IBNS): A.J. Kurian, joined as Chief Vigilance Officer of Steel Authority of India Ltd. (SAIL) on Tuesday, officials said.

Tata Steel completes the sale of its Hartlepool SAW pipe mills

Aug 01, 2017, at 11:20 pm

Mumbai/ Kolkata, Aug 1 (IBNS): Tata Steel UK on Tuesday announced it has completed the sale of its 42- and 84-inch pipe mills in Hartlepool to Liberty House Group.

Hero MotoCorp Ltd sells 623,269 units in July

Aug 01, 2017, at 11:09 pm

New Delhi, Aug 1 (IBNS): Carrying forward the momentum of its highest-ever quarterly sales in the first three months (April-June) of FY ‘18, Hero MotoCorp Ltd on Tuesday said it commenced the second quarter of the fiscal with a robust six-lakh plus sales for the month of July, despite sluggish sales for the first few days of the month due to the transition to GST.

Indian market closes strong on Tuesday, RBI Monetary Policy Committee to meet on Wednesday

Aug 01, 2017, at 10:45 pm

Mumbai, Aug 1 (IBNS): The Indian market closed strong on Tuesday with the BSE Sensex up 60.23 points at 32,575.17 and the NSE Nifty up 37.55 points to end at a record 10,114.65.

Volvo Cars forays into Uttar Pradesh with a new dealership – Speed Volvo

Aug 01, 2017, at 10:40 pm

Lucknow, Aug 1 (IBNS): Staying true to its commitment towards the India market, Volvo Cars, the Swedish luxury car company, has opened a new dealership, Speed Volvo, in Lucknow on Tuesday.

TVS Motor Company posts 9% sales growth in July 2017

Aug 01, 2017, at 10:29 pm

Hosur, Aug 1 (IBNS): TVS Motor Company on Tuesday said it has registered a sales growth of 9% increasing from 248,002 units in July 2016 to 271,171 units registered in the month of July 2017.

Firms must step up focus, spending on strengthening IT systems to thwart cyber attacks: Study

Aug 01, 2017, at 09:55 pm

New Delhi, Aug 1 (IBNS): The focus and spending on information technology (IT) systems by business organisations in India needs to be complemented with similar efforts in operational technology (OT) and consumer technology (CT) systems to combat myriad cyber attacks, suggested a recent ASSOCHAM-PwC study.

BlackBerry launches KEYone smartphone in India

Aug 01, 2017, at 09:54 pm

New Delhi, Aug 1 (IBNS): Canadian mobile phone maker BlackBerry on Tuesday launched its 'KEYone' Limited Edition Black smartphone handsets in India.

Niti Ayog Vice Chairman Arvind Panagariya resigns

Aug 01, 2017, at 09:34 pm

New Delhi, Aug 1 (IBNS) : Arvind Panagariya, the first vice-chairman of Niti Aayog announced his resignation from office on Tuesday, media reports said.

Mahindra’s Auto Sector sells 41,747 vehicles during July 2017

Aug 01, 2017, at 09:01 pm

Mumbai, Aug 1 (IBNS): Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, on Tuesday announced its auto sales performance for July 2017 which stood at 41,747 vehicles, compared to 39,458 vehicles during July 2016, representing a growth of 6%.

Tata Motors domestic sales grows by 13% in July 2017

Aug 01, 2017, at 08:59 pm

Mumbai, Aug 1 (IBNS): Tata Motors on Tuesday said its passenger and commercial vehicle total sales (including exports) in July 2017 were at 46,216 vehicles, higher by 7% over 43,160 vehicles sold in July 2016.

Hyundai domestic sales up by 4.4%

Aug 01, 2017, at 08:55 pm

New Delhi, Aug 1 (IBNS): Hyundai Motor India Ltd, the country’s second largest car manufacturer and leading passenger car exporter registered the Domestic sales of 43,007 units for the month of July 2017.

Central govt has target to ensure sale of 60-70 lakh hybrid and electric vehicles by 2020

Aug 01, 2017, at 08:45 pm

New Delhi, Aug 1 (IBNS): Under the National Electric Mobility Mission Plan 2020, the Union government has an ambitious target to achieve 60-70 lakh sales of hybrid and electric vehicles by 2020, said Minister of State in the Ministry of Heavy Industries and Public Enterprises, Babul Supriyo in written reply in the Lok Sabha on Tuesday.

CONCOR to build cold storage in Nashik to assist onion growers

Aug 01, 2017, at 08:20 pm

Mumbai, Aug 1 (IBNS): The Ministry of Railways said on Tuesday that Suresh Prabhakar Prabhu, Minister of Railways and Devendra Fadnavis, Chief Minister of Maharashtra laid the foundation stone for the cold storage at Lasalgaon near Nashik in Maharashtra.

Mukesh Ambani now second richest Asian

Aug 01, 2017, at 06:33 pm

New Delhi, Aug 1 (IBNS) : Mukesh Ambani has overtaken Hong Kong business magnate Li Ka-shing to become Asia's second-richest man.

Snapdeal decides not to merge with rival Flipkart

Aug 01, 2017, at 01:34 am

Mumbai, July 31 (IBNS): Online shopping company Snapdeal on Monday announced their decision to call off the talks of a merger with their rival Flipkart, media reports said.

TCS honoured at Manufacturing Leadership 100 Awards

Jul 31, 2017, at 11:52 pm

New York, Kolkata, July 31 (IBNS): Tata Consultancy Services , a leading global IT services, consulting and business solutions organization, has been recognized as a prominent ‘Technology Partner’ at the prestigious 2017 Manufacturing Leadership 100 Awards for the fourth time in the past five years.

June eight core industries' output slows down

Jul 31, 2017, at 11:44 pm

New Delhi, July 31 (IBNS) Output of eight core industries slowed down in June as the total output moved up by just 0.4 per cent as against a rise of 4.1 per cent in May 2017, as per government data released on Monday.

India’s solar capacity fell short of target of 17 GW by FY2017: study

Jul 31, 2017, at 10:17 pm

New Delhi, July 31 (IBNS): India’s installed solar capacity fell short of target of 17 gigawatts (GW) by the end of FY2017, the country will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and 15+ GW per year to meet the 2022 target, noted a recent ASSOCHAM-NEC joint study.

ICICI Bank organises coin exchange mela at Agra

Jul 31, 2017, at 09:57 pm

Agra, July 31 (IBNS): ICICI Bank, a private sector bank, on Monday said it organised a coin exchange mela in its branch at Hing ki Mandi in Agra, last week.

Indian benchmark indices end higher on Monday, SBI slashes savings interest rate

Jul 31, 2017, at 09:38 pm

Mumbai, Jul 31 (IBNS): The Indian market closed higher on Monday with BSE Sensex up 205.06 points at 32,514.94 and NSE Nifty up 62.60 points at 10077.10.

Last date for IT returns extended to Aug five

Jul 31, 2017, at 09:37 pm

New Delhi, Jul 31 (IBNS) : The Income Tax Department has extended by five days the last date for filing of income tax returns (ITRs) for the financial year 2016-17, reports said.

Punj Lloyd-constructed plant in Qatar produces its first polysilicon

Jul 31, 2017, at 06:42 pm

Doha, July 31 (IBNS): Qatar's first polysilicon plant, Qatar Solar Technologies, began production recently. Said to be the largest in the Middle East and North Africa (MENA) region, the plant was built by global EPC conglomerate Punj Lloyd.

Much ado over India’s Monsanto alliance

Jul 30, 2017, at 08:10 pm

A looming $66 billion takeover by the German company Bayer may help soothe US agrichemical giant Monsanto’s battered reputation. But both in USA and India the firm faces fierce charges of ecocide and anti-farmer monopolistic practices. Christopher Beyer and Sudipto Maity report from two sides of the world

ICICI Bank expands its branch network in Ahmedabad, adds 5 new branches

Jul 28, 2017, at 11:33 pm

Ahmedabad, July 28 (IBNS): ICICI Bank, a private sector bank by consolidated assets, inaugurated five new branches in Ahmedabad taking its total number of branches to 52 in the city.

Rise in tomato prices lead to high demand for puree/ketch up: ASSOCHAM

Jul 28, 2017, at 10:33 pm

New Delhi, July 28 (IBNS): Rise in tomato prices to as much as Rs 100 per kg. due to crop damage following rains in the growing areas, has created an additional demand for alternatives like tomato puree/ketchup to the extent of 40-45 per cent in the recent few weeks, as the home makers are resorting to balance budgets in the face of no immediate relief in sight for the key ingredient for the Indian cuisine, an ASSOCHAM Paper has said.