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Electrosteel acquisition by Vedanta is credit neutral, says Ind-Ra |
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New Delhi | Friday, 2018 10:45:05 PM IST |
| Anil Agarwal-led Vedanta Ltd's acquision of 90 per cent stake in the stressed asset Electrosteel Steels Ltd (ESL) through insolvency proceedings was "credit neutral", according to a India Ratings and Research (Ind-Ra) report released on Friday. ... read.. |
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Krishnapatnam Port's cargo handling up by 25 percent |
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Hyderabad | Friday, 2018 8:45:05 PM IST |
| Krishnapatnam Port Company Ltd (KPCL), which runs India's largest all-weather and deep water port on the east coast, handled 45 million metric tonne (MMT) of cargo in 2017-18, achieving a 25 per cent growth over the previous fiscal's 36.10 MMT, an officia ... read.. |
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Modi should pay more attention to women's issues: IMF chief |
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United Nations | Friday, 2018 8:45:05 PM IST |
| International Monetary Fund Managing Director Christine Lagarde has said that Prime Minister Narendra Modi and the Indian authorities should pay more attention to women's issues in the aftermath of the rape of an eight-year-old girl in Kathua district of ... read.. |
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Maharashtra's Matheran toy train stations turn 'green' |
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Mumbai | Friday, 2018 8:45:05 PM IST |
| All four stations en route the famed Toy Train servicing the eco-sensitive hillstation of Matheran in Maharashtra's Raigad district have turned "green" with installation of solar power and wind energy plants, an official said here on Friday. ... read.. |
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Zimbabwe Parliament summons Mugabe over diamond remarks |
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Harare | Friday, 2018 8:45:05 PM IST |
| The Zimbabwean Parliamentary Portfolio Committee on Mines and Energy has summoned former President Robert Mugabe to appear before it to explain his claim that more than $15 billion worth of diamonds had been siphoned out of the country. ... read.. |
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Upcoming elections may slow Indian economic reforms pace: IMF chief |
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United Nations | Friday, 2018 8:45:04 PM IST |
| India's pace of economic reforms may slow down in the coming months because of the impending elections, although it has carried out major reforms that could help the nation reap the benefits of the upswing, said the Managing Director of the International ... read.. |
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SJVN signs MoU to target 9,200 mn units generation this fiscal |
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New Delhi | Friday, 2018 8:15:04 PM IST |
| Public sector power generator Satluj Jal Vidyut Nigam (SJVN) Ltd has signed an MoU with the Union Power Ministry setting a target of generating 9,200 million units of electricity, according to an official announcement on Friday. ... read.. |
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Global cues depress equity indices, banking stocks fall (Roundup) |
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Mumbai | Friday, 2018 7:45:04 PM IST |
| Negative global cues such as high crude oil prices, along with a weak rupee and heavy selling pressure in banking stocks triggered by a likely hawkish stand of the Reserve Bank of India (RBI) in its next monetary policy review subdued the key Indian equit ... read.. |
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India pushes for BRICS rating agency |
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New Delhi | Friday, 2018 6:45:04 PM IST |
| India has urged the BRICS (Brazil, Russia, India, China, South Africa) countries to set up an independent rating agency of the group, according to an Indian official. ... read.. |
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New strategies for building BoP ecosystem |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| New Delhi [India], Apr. 20 (BusinessWire India): The Enterprise for a Sustainable World (ESW) and Ecociate, in collaboration with the BoP Global Network Labs, have organised the 3rd BoP Global Network Summit. ... read.. |
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NEUMEX to transform tyre-buying experience |
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Hyderabad (Telangana) [India] | April 20, 2018 12:01:13 AM IST |
| Hyderabad (Telangana) [India], Apr. 20 (NewsVoir): NEUMEX Tyres Limited launched their new brand NEUMEX and their first range of tyres for five different categories of vehicles that comprise motorcycles, scooters, three-wheelers, SCV and LCV. ... read.. |
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GIFAS Mission strengthens French-Indian aerospace ties |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| New Delhi [India], Apr. 20 (BusinessWire India): GIFAS, the French Aerospace Industries Association, a driving force behind French-Indian cooperation, has head a major industrial mission to India from April 16 to 19. ... read.. |
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Audi India sees flat sales in 2018 following duty hike (Lead) |
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Kolkata | Friday, 2018 6:15:04 PM IST |
| Luxury carmaker Audi India, which had looked at a double-digit growth this year, is now expecting that sales will be flat in 2018, following an increase in cess and hike of customs duty on some imported auto components announced in the Union Budget, an of ... read.. |
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Goa onshore casino operators demand licence fee reduction |
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Panaji | Friday, 2018 6:15:04 PM IST |
| Onshore casino operators in Goa have demanded a reduction in the recently proposed hike of annual licence fees, adding that they should also be allowed live gaming permits on par with the offshore casino operators in the coastal state. ... read.. |
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Centre urges private equity, VC funds to bid for strategic divestments |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| Private equity (PE) and venture capital (VC) funds with adequate enterprise, managerial or technical investors in the whole consortium sort of model can come forward to participate in strategic divestments like Air India, the Centre said on Thursday. ... read.. |
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VNL launches ISR solutions for armed forces |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| New Delhi [India], Apr. 20 (NewsVoir): Vihaan Networks Limited (VNL), India's leading telecom equipment and solution provider, launched a range of cost-effective, indigenously designed, developed and manufactured (IDDM), end-to-end communications and ISR ... read.. |
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True Balance raises $23mn towards expanding operations |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| True Balance, a digital wallet and financial services platform, raised USD 23 Million in a Series B2 funding, which it intended to use towards talent acquisition and expanding benefits of need-based financial services. ... read.. |
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Trump seeks to expand US arms sale abroad |
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Washington | Friday, 2018 5:15:04 PM IST |
| The Trump administration has unveiled a new policy that could vastly expand sales of armed drones, making it easier to put American-made weapons into the hands of US allies and partners. ... read.. |
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Audi India sees flat sales in 2018 following duty hike |
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Kolkata | Friday, 2018 4:15:04 PM IST |
| Luxury carmaker Audi India, which had looked at a double-digit growth this year, is now expecting that sales will be flat in 2018, following an increase in cess and hike of customs duty on some imported auto components announced in the Union Budget, an of ... read.. |
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Phonup offers one-year warranty on pre-owned phones |
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Bengaluru (Karnataka) [India] | April 20, 2018 12:01:13 AM IST |
| Bengaluru (Karnataka) [India], Apr 20 (Businesswire-India): Phonup (www.phonup.in), a joint venture between Franchise India and Phonup Italy (www.phonup.com), launched its first store in Karnataka, Bengaluru today. The store will be a 'one-stop-destinatio ... read.. |
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Economic Affairs Secy discusses NDB's project pipelines in Washington |
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Washington D.C. [USA] | April 20, 2018 12:01:13 AM IST |
| Department of Economic Affairs Secretary Subhash Chandra Garg discussed the enhancement of project pipelines of New Development Bank (NDB) evenly across member countries, expansion of NDB's membership, the proposal of the South African Presidency for sett ... read.. |
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Flexi personal loans from Bajaj Finserv |
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Pune (Maharashtra) [India] | April 20, 2018 12:01:13 AM IST |
| Pune (Maharashtra) [India], April 20 (NewsVoir): Bajaj Finserv, India's leading private sector financial solutions provider, is running a special campaign, offering personal loans with flexi loan feature at attractive rates of interest for its customers t ... read.. |
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Turkey not in India's e-visa list of 160 countries: Ambassador |
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New Delhi | Friday, 2018 2:15:05 PM IST |
| Turkey remains excluded from India's liberalised visa regime designed to boost people-to-people contact whereby the latter has already granted e-visa facilities to 160 countries, Turkish Ambassador Sakit Ozlan Torunlar said on Friday. ... read.. |
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Chidambaram attacks government on fuel prices |
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New Delhi | Friday, 2018 1:45:04 PM IST |
| As fuel prices touched a five-year high, former Finance Minister P Chidambaram on Friday asked the government why prices of petrol and diesel were higher than in May, 2014 when the international oil prices were higher than they are now. ... read.. |
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Intel kills 'Vaunt' smart glass project |
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San Francisco | Friday, 2018 1:15:04 PM IST |
| Global chip-maker Intel has shut down its "New Devices Group" (NDG) and ceased the development of "Vaunt" smart glasses who were like the eye-mounted wearables like Google Glass, the media reported. ... read.. |
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Top battery manufacturers face Rs 213 cr-fine for cartelization |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| The Competition Commission of India (CCI) on Thursday passed its final order imposing penalty on three leading Indian zinc-carbon dry cell battery manufacturers - Eveready Industries India Ltd. (Eveready), Indo National Ltd. (Nippo), and Panasonic Energy ... read.. |
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Cash crunch could be superficial, says SBI |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| The State Bank of India (SBI) on Thursday said that the current and sudden surge in Currency in Circulation (CIC) could be superficial. ... read.. |
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Andhra to get 50 new 'Moto Hubs' |
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Vijayawada (Andhra Pradesh) [India] | April 20, 2018 12:01:13 AM IST |
| Vijayawada (Andhra Pradesh) [India] April 20 (ANI) Motorola India on Thursday announced to open 50 new 'Moto Hubs' across top 12 cities of Andhra Pradesh. ... read.. |
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IMF projects India's growth at 7.4 pct in 2018 |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| The International Monetary Fund (IMF) on Thursday said that it expects India to re-emerge as one of the fastest growing major economies in the 2018 - 2019 period, projecting the country's growth rate at 7.4 percent in 2018. ... read.. |
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Go to Bajaj Finance for fixed deposit management |
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Pune (Maharashtra) [India] | April 20, 2018 12:01:13 AM IST |
| Pune (Maharashtra) [India], Apr. 20 (NewsVoir): Bajaj Finance Ltd., the lending arm of Bajaj Finserv, has simplified the online application process for opening FDs offering the customers a hassle-free experience. ... read.. |
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INFIN8: A new revolution in finance sector |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| New Delhi [India], Apr. 20 (NewsVoir): Vikram Raichura, CEO of VivaConnect along with Radhika Raichura, announced their new venture 'INFIN8'. INFIN8 offers a quick and easy process of connecting potential borrowers with multiple lenders through both onlin ... read.. |
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UC Browser launches UC Miss Cricket Contest |
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New Delhi [India] | April 20, 2018 12:01:13 AM IST |
| New Delhi [India], Apr. 20 (NewsVoir): India's No.1 mobile browser, UC Browser has launched a new campaign to select UC Miss Cricket, giving its 130 million monthly active users another reason to get on the platform this cricket season. ... read.. |
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Tourist arrivals in Nepal surge |
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Bhaktapur [Nepal] | April 20, 2018 12:01:13 AM IST |
| Ramesh Pandey is a vendor operating in and around the World Heritage city of Bhaktapur, making attempts to sell his flutes. ... read.. |
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Japan-based Komori Corporation opens India subsidiary |
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New Delhi | Friday, 2018 12:15:04 PM IST |
| Tokyo-based Komori Corporation Ltd -- the third largest manufacturer of printing presses in the world -- on Friday announced the establishment of its India subsidiary that will introduce customised printing presses suitable for the domestic market. ... read.. |
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Apple to donate to mark Earth Day |
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San Francisco | Friday, 2018 12:15:04 PM IST |
| In its mission to create a healthier planet through innovation, Apple on Friday announced a donation programme and debuted a disassembly robot "Daisy" as a part of its ongoing recycling effort. ... read.. |
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Less data requests from cops: Microsoft |
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San Francisco | Friday, 2018 11:45:04 AM IST |
| Microsoft received 22,939 legal requests for customer information from law enforcement agencies during the second half of 2017, which is a slight decrease from the previous six-month period, the company has said. ... read.. |
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IMF urges US to reduce debt as economic recovery continues |
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Washington | Friday, 2018 6:15:04 AM IST |
| The Managing Director of the International Monetary Fund, Christine Lagarde, urged the administration of US President Donald Trump here on Thursday to reduce the government's debt and deficit in the context of a continued economic recovery. ... read.. |
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IndusInd Bank's Q4 net profit up 27% |
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Mumbai | Thursday, 2018 11:45:04 PM IST |
| Lending major IndusInd Bank on Thursday reported a 27 per cent increase in net profit for the fourth quarter (Q4) of 2017-18. ... read.. |
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TCS gifts 1:1 bonus shares to investors |
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Mumbai | Thursday, 2018 11:15:04 PM IST |
| Tata Consultancy Services (TCS) on Thursday announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18. ... read.. |
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Panneerselvam meets 15th Finance Commission Chairman (Lead) |
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Chennai | Thursday, 2018 11:15:04 PM IST |
| Tamil Nadu Deputy Chief Minister O. Panneerselvam on Thursday met N.K. Singh, Chairman of the 15th Finance Commission, in New Delhi and put across the state's views on the latter's Terms of Reference (ToR), an official said. ... read.. |
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Modi meets leaders of Commonwealth nations on margins of CHOGM |
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London | Thursday, 2018 11:15:04 PM IST |
| As part of India's diplomatic reach-out across the Commonwealth nations, Indian Prime Minister Narendra Modi on Thursday met a number of leaders of Africa, and the island nations of the Caribbean, Indian Ocean and the Pacific on the sidelines of the Commo ... read.. |
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Panneerselvam meets 15th Finance Commission Chairman |
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Chennai | Thursday, 2018 10:45:05 PM IST |
| Tamil Nadu Deputy Chief Minister O.Panneerselvam on Thursday met N.K.Singh, Chairman of the 15th Finance Commission in Delhi and put across the state's views on the the latter's Terms of Reference (ToR). ... read.. |
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Current currency shortage could be superficial: SBI Report |
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Mumbai | Thursday, 2018 10:45:05 PM IST |
| Cash withdrawals from ATMs actually declined in the January-March quarter of last financial year on the sequential basis, implying the current shortage could be "superficial", a report from State Bank of India said on Thursday. ... read.. |
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TCS net up 4.6% in Q4, slips 1.8% for 2017-18 (Lead) |
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Mumbai | Thursday, 2018 10:45:04 PM IST |
| Tata Consultancy Services (TCS) on Thursday reported that its consolidated net profit for the fourth quarter (Q4) increased 4.6 per cent annually but declined 1.8 per cent yearly for fiscal 2017-18 in rupee terms. ... read.. |
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Monetary panel minutes signal a hawkish RBI in the offing |
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Mumbai | Thursday, 2018 9:15:04 PM IST |
| The RBI has signalled the prospect of a more hawkish stance on interest rates despite lowering its inflation forecast for the current year at its first monetary policy review of the fiscal earlier this month, according to the minutes of the central bank ... read.. |
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SBI not to charge fees on PoS cash withdrawals |
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New Delhi | Thursday, 2018 8:45:04 PM IST |
| Lending major State Bank of India on Thursday said that it will not charge any fees from customers who avail the facility of withdrawing cash through its PoS (Point of Sale) machines installed across various merchant locations. ... read.. |
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TCS net slips 1.8% in 2017-18 |
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Mumbai | Thursday, 2018 8:15:05 PM IST |
| Tata Consultancy Services (TCS) on Thursday reported Rs 25,826 crore consolidated net profit for fiscal 2017-18, registering 1.8 per cent yearly decline from Rs 26,289 crore posted in 2016-17. ... read.. |
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TCS net up 4.6% annually in Q4 |
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Mumbai | Thursday, 2018 7:45:05 PM IST |
| Tata Consultancy Services (TCS) on Thursday reported Rs 6,925 crore consolidated net profit for the fourth quarter of fiscal 2017-18, registering 4.6 per cent annual and 5.8 per cent quarterly growth in rupees. ... read.. |
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Jaishankar seeks waiver of cooling-off period for joining Tatas |
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New Delhi | Thursday, 2018 7:15:04 PM IST |
| Former Foreign Secretary S. Jaishankar is slated to join Tata Sons as its head of global strategy and has written to Prime Minister Narendra Modi for a waiver of the mandatory cooling-off period for bureaucrats seeking commercial employment, well-informed ... read.. |
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BSES, TERI tie-up on energy efficiency, student awareness |
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New Delhi | Thursday, 2018 6:15:05 PM IST |
| Delhi power distribution company (Discom) BSES on Thursday announced that it has signed separate agreements with The Energy and Resources Institute (TERI) to deal with different aspects of energy conservation and conduct research on Demand Side Management ... read.. |
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Music streaming drives 27% growth in Indian music industry |
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New Delhi | Thursday, 2018 6:15:05 PM IST |
| The total music industry revenues in India grew from Rs 570.7 crore in 2016 to Rs 725.6 crore in 2017. This increase in revenue by Rs 154.9 crore is the largest since 2011, according to data from IFPI, a not-for-profit international organisation which rep ... read.. |
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Empty ATMs: RBI Governor should quit, demands AIBEA |
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Chennai | Thursday, 2018 6:15:05 PM IST |
| The All India Bank Employees' Association (AIBEA) on Thursday demanded Reserve Bank of India Governor Urjit Patel quit as the central bank is grossly negligent on several issues, including the cashless ATMs across the country. ... read.. |
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