Arun Jaitley meets heads of PSB to review bad loans and other overall functioning

Jun 12, 2017, at 06:51 pm

New Delhi, Jun 12 (IBNS): Union Finance Minister Arun Jaitley met the heads of Public Sector Banks in India for a review meeting on Monday, according to media reports.

GST Council reduces rates for 66 items in latest meeting

Jun 12, 2017, at 06:18 pm

New Delhi, Jun 12 (IBNS): Items like insulin, cashew nuts, pickles, school bags and several other items are set to get cheaper with the Goods and Services tax (GST) Council reducing the tax of 66 items, according to media reports on Monday.

Aadhar now must for filing tax returns, new PAN from next month

Jun 11, 2017, at 01:54 am

New Delhi, June 10 (IBNS): In a significant move, the government on Friday said that Aadhaar will be needed for filing Income Tax Returns or for obtaining a new PAN from July 1.

Aadhar made must for filing tax returns, new PAN from July 1

Jun 11, 2017, at 12:11 am

New Delhi, June 10 (IBNS): In a major development, the Central Board of Direct Taxes (CBDT) has said Aadhaar will be needed for filing Income Tax Returns or for obtaining a new PAN from next month, reports said.

RIL becomes second largest producer of Para-xylene (PX) globally

Jun 10, 2017, at 05:00 am

Mumbai, June 9 (IBNS): Reliance on Friday announced the successful commissioning of the last crystallization train (Train 3) of the Para-xylene (PX) complex at Jamnagar.

EDII ties up with Yes Bank to lend to start-ups

Jun 10, 2017, at 03:49 am

Mumbai, June 9 (IBNS): Entrepreneurship Development Institute of India (EDII), an acknowledged national resource Institute for Entrepreneurship Education, Research, Training & Incubator, has tied up with Yes Bank, a private sector bank, to lend to start-ups supported by EDII.

Canara Bank, The New India Assurance enter into Corporate Agency Arrangement

Jun 10, 2017, at 01:02 am

Bangalore, June 8 (IBNS): Canara Bank, a public sector bank and The New India Assurance Co. Ltd, a general insurance company, on Friday signed corporate agency agreement for the distribution of The New India Assurance Co.’s general insurance products through Canara Bank’s extensive network of 6000+ branches across the country.

Tata Motors Group global wholesales stands at 86,385 in May 2017

Jun 10, 2017, at 12:57 am

Mumbai/Kolkata, June 9 (IBNS): The Tata Motors Group on Friday said its global wholesales in May 2017, including Jaguar Land Rover, were at 86,385 nos., lower by 1%, over May 2016.

True Balance rolls out new balance check option for Jio users

Jun 09, 2017, at 11:26 pm

Kolkata, June 9 (IBNS): True Balance, India’s leading mobile balance management service app has just launched a new feature of balance checking on its platform for Jio users.

Indian automobile industry: Overall growth in April-May 2017, commercial vehicles sale slows down

Jun 09, 2017, at 11:18 pm

New Delhi, Jun 9 (IBNS): India's automobile industry saw overall growth in the April-May 2017 period compared to the same time last year, announced the Society of Indian Automobile Manufacturers (SIAM), on Friday.

Indian benchmark indices close higher on Friday

Jun 09, 2017, at 10:57 pm

Mumbai, Jun 9 (IBNS): The Indian market closed higher on Friday, with BSE Sensex up 48.70 points at 31,262.06 and NSE Nifty up 21 points at 9,668.25.

Telstra Business Woman in Asia Award opens for nominations

Jun 09, 2017, at 10:46 pm

New Delhi, June 9 (IBNS): Telstra is calling for nominations for the second annual Telstra Business Woman in Asia Award with an expanded criteria to include female entrepreneurs and women from not-for-profit and social enterprises operating in Asia.

Aditya Group (India) forms joint venture company with Huntsman IndiaThai Company Limited

Jun 09, 2017, at 10:15 pm

Kolkata, June 6 (IBNS): Kolkata based Aditya Group (India) has announced the formation of a joint venture company Homelicious Hospitality Company Limited (Thailand) with Huntsman IndiaThai Company Limited (Thailand).

Canon imagePRESS C10000VP installed in Allahabad

Jun 09, 2017, at 09:40 pm

Allahabad, June 9 (IBNS): Designed to elevate quality, productivity and consistency, Canon’s first 100ppm colour digital press, imagePRESS C10000VP was installed at Allahabad on Friday.

Tata Motors resolves Long-Term Wage Settlement issue in Sanand

Jun 09, 2017, at 09:13 pm

Sanand/Kolkata, June 9, 2017: The long-term wage settlement (LTS) between the Tata Motors Sanand Union and Tata Motors was agreed upon and has been signed on Friday for a period of 5 years- October 2015 to September 2020.

Designer Ramgopal Rajpuria introduces his latest range of handcrafted cotton shirts

Jun 09, 2017, at 09:02 pm

Kolkata, June 7 (IBNS): Fashion designer Ramgopal Rajpuria launched his latest range of handcrafted cotton shirts Brunito Belissimo for the younger generation (meaning beautiful in Italian).

Council constitutes 18 sectoral groups for smooth roll-out of GST

Jun 09, 2017, at 07:33 pm

New Delhi, Jun 9 (IBNS): The Union Finance Ministry announced on Friday that the Goods and Services Tax (GST) Council has formed 18 sectoral grous for the smooth roll-out of the new tax regime.

Infosys denies promoter stake sale plans, stock takes a hit

Jun 09, 2017, at 06:46 pm

Bengaluru, Jun 9 (IBNS): Infosys, one of India's leading IT services company, has denied media reports of a stake sale by the founders and issued a statement to that effect on Friday.

Aditya Group (India) forms joint venture company with Huntsman IndiaThai Company Limited

Jun 09, 2017, at 06:34 pm

Kolkata, June 6 (IBNS): Kolkata based Aditya Group (India) has announced the formation of a joint venture company Homelicious Hospitality Company Limited (Thailand) with Huntsman IndiaThai Company Limited (Thailand).

Nykaa reports GMV of INR 275 crores for '16-17

Jun 09, 2017, at 05:12 am

Mumbai, June 8 (IBNS): Beauty portal Nykaa.com reported gross merchandise value (GMV) of INR 275 crores for the financial year 2016-17, with a net revenue of INR 214 crores.

Travel portal Via.com, jewellery marketplace Jewelsouk.com enter into partnership

Jun 09, 2017, at 01:04 am

Bangalore, June 8 (IBNS): Leading omni channel travel, retail & fintech company, Via.com has now tied up with Jewelsouk.com, an online jewellery marketplace with multi-brand, multi-category offerings, to sell exclusive branded collections of gold and diamond jewellery through VIA outlets.

Indian market closes lower on Thursday

Jun 08, 2017, at 11:57 pm

Mumbai, Jun 8 (IBNS): The Indian market closed lower on Thursday, with BSE Sensex down 57.92 points at 31,213.36 and NSE Nifty down 16.65 points to 9,647.25.

NPCI launches dedicated website for BHIM

Jun 08, 2017, at 02:42 am

Mumbai, June 7 (IBNS): National Payments Corporation of India (NPCI) has launched a dedicated website for Bharat Interface for Money (BHIM) www.bhimupi.org.in to facilitate customers with information about BHIM app.

Indian Hotels Company Limited recognized for excellence in Investor Relations

Jun 08, 2017, at 02:15 am

Mumbai/Kolkata,June 7 (IBNS): The Indian Hotels Company Limited (Taj Hotels Palaces Resorts Safaris) won the ‘Best All India Investor Relations Award 2017’ in the category of large-cap companies at the recently held Investor Relations Awards ceremony in Mumbai.

Tata group conferred with the ASEAN-India Achievement and Excellence Award

Jun 08, 2017, at 01:49 am

Mumbai/Kolkata, June 7 (IBNS): The Tata group was felicitated with the prestigious ASEAN-India Achievement and Excellence Award by the ASEAN India Business Council (AIBC). The honour was given in recognition of the contribution made by the Tata group in strengthening bilateral economic relations between ASEAN (Association of Southeast Asian Nations) and India.

Walmart India launches exclusive GST toll-free helpline for `kirana’ members

Jun 08, 2017, at 01:46 am

Kolkata, June 7 (IBNS): In order to enable our kiranas and other reseller members’ transition smoothly into the new tax regime as well as ensure minimum disruptions in their businesses with the roll-out of the Goods and Services Tax (GST) from July 1, Walmart India has launched an exclusive GST toll-free helpline for them.

Infosys positioned in the Winner’s Circle by HfS Research Blueprint Report for Utility Operations

Jun 08, 2017, at 12:49 am

Bangalore, June 7 (IBNS): Infosys has been positioned in the Winner’s Circle by HfS Research Blueprint Report for Utility Operations – 2017.

Cabinet approves IISWC land transfer to NHAI

Jun 07, 2017, at 11:53 pm

New Delhi, June 7 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the proposal for transfer of 4.64 hectares (46384 Sq. meters) of land belonging to the Indian Institute of Soil & Water Conservation (IISWC) Research Centre at Vasad, District Anand, Gujarat under the Indian Council of Agricultural Research to the National Highways Authority of India (NHAI) on payment of compensation amounting to Rs. 12.67 crore for extension and six laning of Ahmedabad - Vadodara Highway on NH-8.

Whirlpool of India introduces India’s first built-in induction Oven

Jun 07, 2017, at 10:27 pm

Kolkata, June 7 (IBNS):Whirlpool of India, a subsidiary of Whirlpool Corporation and world’s leading home appliance company, on Wednesday said it has unveiled India’s first Built-in induction ovens.

Cabinet approves bilateral MoU between India and Iran

Jun 07, 2017, at 10:21 pm

New Delhi, June 7 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Bilateral Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Securities and Exchange Organization (SEO), Iran in relation to mutual cooperation on matters pertaining to securities markets.