Business News

Kolkata, 12 Jul 2018/--/SBI Card, one of the country`s leading credit card issuers, today announced the launch of ‘ELA’ (Electronic Live Assistant), a virtual assistant for customer support and services. Driven by Artificial Intelligence and Machine Learning algorithms, ELA will revolutionise the...

Kolkata, 12 Jul 2018/--/Panasonic India announced a significant expansion of its line-up of 'Intelligent Home appliances' range comprising of refrigerator, washing machine and microwave. The intelligent range is equipped with core technologies and features such as ECONAVI Invertor technology that...

Kolkata, 12 Jul 2018/--/With the advent of high speed internet, smartphone users are consuming more videos than ever before; thus making smartphones a primary medium of entertainment for an Indian consumer. The biggest pain-point for users has been a small screen and a weak battery that prevents...

Kolkata, 12 Jul 2018/--/During the first three months i.e. April-June of current financial year (2018-19), South Eastern Railway has earned Rs. 3121.58 crore from originating freight traffic which is Rs. 235.53 crore more than the corresponding period of last year i.e. 2017-18 thus registering a...

Kolkata, 12 Jul 2018/--/Bank of Baroda signed a Memorandum of Understanding (MoU) with KB Financial Group Inc. (KBFG), Korea, for comprehensive business cooperation between the two organisations to establish In-Ko financing corridor and development of innovative digital payment eco-system. The MoU...

Kolkata, 12 Jul 2018/--/Central, the fashion destination of Future Group, presents Red Haute Saturday this 14th July. This Saturday, one can shop at your nearest Central and let Central pay for it. With Red Haute Saturday’s unique proposition ‘You Shop, We Pay’, fashionistas can now shop to their...

Kolkata, 12 Jul 2018/--/Phonup a joint venture between Francorp  & Phonup Italy announceD its expansion in West Bengal with Salasar Comtrade Private Limited, Area Franchisee for Kolkata, with their first outlet in Kolkata on July 11,2018 at 71 Bentinck Street. The store will be a ‘One–Stop–...

KOLKATA/SILIGURI, 12 Jul 2018/--/Vodafone India introduced the smartest postpaid plans in India with the Lowest Bill Guarantee, Complimentary mobile insurance, unlimited international roaming benefits, un-matched entertainment content offerings and much more. Speaking about the new Vodafone RED...

Kolkata, 12 Jul 2018/--/South Eastern Railway has conducted massive ticket checking drives in the first quarter i.e April-June of the current financial year (2018-19) through its entire network of four Divisions i.e Kharagpur, Adra, Chakradharpur and Ranchi. During the drives, Rs. 11.51 crore was...

Ranchi, 12 Jul 2018/--/The Central Coalfields Limited (CCL) has registered a record 11.4 million tonnes of coal production recording a growth of 13 per cent till July 11 in the first quarter of 2018-19 financial year. "It has registered a growth of 13 per cent till July 11," CCL Chairman-cum-...

NEW DELHI, 12 Jul 2018/--/With about Rs 5 lakh crore stuck in litigations, the Union government has decided to hike the threshold monetary limit for tax department to file appeals in tribunals and courts to bring down litigation by 41 per cent, Finance Minister Piyush Goyal said on Thursday. Goyal...

NEW DELHI, 12 Jul 2018/--/The amount locked up in tax litigation will come down by Rs 5,600 crore as the government has decided to hike the threshold monetary limit to file appeals in tribunals and courts, Goyal said on Thursday. As of March, 2017, tax disputes worth Rs 7.6 lakh crore were stuck...

NEW DELHI, 12 Jul 2018/--/Retail inflation rose to 5 per cent in June, a five-month high, despite easing food prices, the government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. The earlier high was...

Kolkata, 12 Jul 2018/--/After targetting the college and university students, the tea industry is now aiming to promote tea drinking habit among school children in some cities of the country. Indian Tea Association (ITA), the apex body of tea planters of the country, has already roped in two...

Mumbai, 12 Jul 2018/--/Gold tumbled by Rs 235 per 10 grams at the bullion market here Thursday on muted demand from local jewellers even as the precious metal strengthened overseas. Silver also fell by Rs 365 per kg due to reduced offtake by industrial units. Standard gold (99.5 per cent purity)...

Mumbai, 12 Jul 2018/--/Capital markets regulator Sebi Thursday said though the country needs more exchanges, it does not mean that existing bourses cannot merge or consolidate. Replying to a question whether Sebi has received any proposals from the equities bourse NSE and commodity exchange MCX...

NEW DELHI, 12 Jul 2018/--/Markets regulator Sebi has modified the methodology for daily stress testing for commodity derivatives as part of strengthening the risk management system. Clearing corporations carry out stress tests to evaluate risks and possible impact on the settlement guarantee fund...

Mumbai, 30 May 2018/--/The board of India's largest private sector lender ICICI Bank has ordered an independent probe into allegations of 'conflict of interest' and 'quid pro quo' in bank's MD and CEO Chanda Kochhar's dealing with certain borrowers. There are allegations of involvement of Kochhar...

NEW DELHI, 30 May 2018/--/No bids have been received so far for stake in Air India, the Union government said on Wednesday even as it hoped of getting a good response on the last day of the formal bidding process on Thursday. "We expect good response before bid closes tomorrow," Civil Aviation...

Beijing, 30 May 2018/--/China today said the Trump adminstration is hurting its own credibility by every "flip-flop and U-turn" on trade tariffs, and warned that it does not want a trade war but will take forceful measures to defend its legitimate interests. Hitting back at the Trump administration...

Washington, 30 May 2018/--/The Trump administration's move to impose a hefty 25 per cent tariff on the USD 50 billion worth of Chinese goods and tighten its noose against China's alleged theft of US' intellectual property rights will have an adverse impact on American consumers, industry leaders...

NEW DELHI, 30 May 2018/--/The Enforcement Directorate has attached a Rs 52.80 crore wind farm owned by Nirav Modi's family in Rajasthan's Jaisalmer in connection with its money laundering investigation into the over USD 2 billion PNB fraud case, the probe agency said today. The agency said it has...

Jakarta, 30 May 2018/--/India and Indonesia have agreed to double their efforts to boost bilateral trade to USD 50 billion by 2025, Prime Minister Narendra Modi said on Wednesday after holding comprehensive talks with President Joko Widodo. Prime Minister Modi, who arrived here last night on his...

NEW DELHI, 30 May 2018/--/IT company HCL Infosystems on Tuesday reported widening of consolidated net loss to Rs 241 crore in the quarter ended March 2018. The company had posted a net loss of Rs 124.11 crore in the same period a year ago. "Gross margin dropped in the fourth quarter of financial...

Mumbai, 30 May 2018/--/Maharashtra Chief Minister Devendra Fadnavis on Wednesday directed insurance companies to expedite the process of settling farmers' claims and deposit the crop cover amount into their bank accounts by June 7. He gave the direction during a meeting called to review the impact...