Business News

Hyderabad, 19 Feb 2017/--/Prime Minister Narendra Modi's skill development vision has led to a discussion in the country that imparting skills is more important than education, Union Minister for Skill Development Rajiv Pratap Rudy said here today. Speaking after inaugurating various Skill...

Aizawl, 19 Feb 2017/--/Mizoram Finance minister Lalsawta today said he was making preparations to present the state budget for 2017-18 during the budget session of the state legislature commencing from March 14. Lalsawta told PTI he would present the budget as real autonomy had been given to the...

Srinagar, 19 Feb 2017/--/Low-cost airline AirAsia started its operations in Jammu and Kashmir today, with Chief Minister Mehbooba Mufti expressing hope that it would augur well for the coming tourist season in the state. "Low cost airline carrier AirAsia started its operations here from today with...

Washington, 19 Feb 2017/--/India became the 12th largest holder of US government securities at the end of 2016, with exposure worth USD 118.2 billion. With holdings worth USD 1.09 trillion, Japan remained the largest holder of these securities followed by neighbouring China with exposure to the...

Bhopal, 19 Feb 2017/--/The Madhya Pradesh Government is planning to link all the 5.34-crore beneficiaries under the public distribution system (PDS) in the state to their Aadhaar card by the end of February. "A target has been set to make cent percent online entries of Aadhaar numbers of the...

Mumbai, 19 Feb 2017/--/Fourth largest carmaker Honda India, which has not so successfully played the volume game in recent years, hopes to get back to the premium tag with the new Honda City, that has been its only warhorse since the first launch in January 1998. The company has a reason to be...

Mumbai, 19 Feb 2017/--/Fund houses are betting big on investments through systemic investment plan (SIP) to achieve the magical figure of Rs 20 trillion assets under management (AUM) for the industry by end of the current calendar year. While some of the fund houses see the growth in SIP coming...

London, 19 Feb 2017/--/One of the UK's leading umbrella group for Hindus has said the Bank of England has assured them that concerns over the use of animal fat in the new five-pound notes were being treated with "utmost seriousness" and the new 20 pound notes would be launched only after...

Panaji, 19 Feb 2017/--/It will be business as usual for the offshore casino vessels in Goa as they are situated beyond the 500 meters criteria decided by the Supreme Court while banning sale of liquor along the national and state highways. The Goa Excise Department, which is currently mapping the...

AJMER, 19 Feb 2017/--/The three-day 'Amazing Ajmer' event aimed at promoting tourism in the city, concluded here today. Education Minister Vasudev Devnani said Rs 2600 has been earmarked for the development of the city. Woman and Child development Minister Anita Bhadel said the tourist spots here...

Mumbai, 19 Feb 2017/--/Majority of consumers in the country are ready to move away from cash and adopt mobile payments for their purchases, says a report. Consumers also believe that relying on mobile payments could be a time-saver, according to the 'Visa Mobile Payments Readiness Survey'. "When...

NEW DELHI, 19 Feb 2017/--/As a strategy to grow its business, Bandhan Bank will continue to disburse a large chunk of loans as microcredit for some more time, founder and chief executive Chandra Shekhar Ghosh has said. Turning from a microcredit institution to a universal bank within one-and-half-...

Mumbai, 19 Feb 2017/--/The number of units under Internet of Things (IoT) is expected to grow exponentially to 1.9 billion units in India by 2020 or about USD 9 billion, says a report. A rapidly growing hub for IoT solutions, the country's IoT market size in this area is expected to increase about...

Mumbai, 19 Feb 2017/--/The country's steel production and consumption is likely to remain higher in 2017-18 from 89.79 MT of crude steel during 2015-16 backed by an increase in infrastructure allocation in the Budget, a report said. In 2017-18, steel production is expected to remain higher. This...

Mumbai, 19 Feb 2017/--/Markets regulator Sebi has decided to empanel 'resource persons' to help spread financial literacy in select districts. The Securities and Exchange Board of India (Sebi) will empanel financial education resource persons (RPs) on part-time basis for various districts in Uttar...

NEW DELHI, 19 Feb 2017/--/Retirement fund body EPFO is expected to launch online facility for settlement of claims, including EPF withdrawal and pension fixation, by May this year to put an end to tedious paper work by its members. At present, the Employees' Provident Fund Organisation (EPFO)...

Mumbai, 19 Feb 2017/--/Tech Mahindra sees the proposed merger of Vodafone and Idea as a "seismic" event that will impact the IT sector, but asserted that it will benefit from such a deal. The software firm derives over half of its revenue from servicing communication companies. "It is a big...

NEW DELHI, 19 Feb 2017/--/India's gold imports fell by about 32.7 per cent to USD 19.74 billion during the April-January period of this fiscal, which is expected to keep a lid on the current account deficit. Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29...

KOLKATA/MUMBAI, 16 Feb 2017/--/Tata Motors and Microsoft India today announced a strategic agreement to redefine connected and personalized driving experiences for Indian customers. Tata Motors will leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence (AI...

KOLKATA/MUMBAI, 16 Feb 2017/--/HDFC life, private life insurance company, launched HDFC Life Pragati, with the potential to take life insurance within the reach of every single household and financially secure every single individual in the country. HDFC Life Pragati is a traditional life insurance...

KOLKATA/DELHI, 16 Feb 2017/--/Bandhan Bank Ltd, India's fastest growing bank, is proud to announce that its customer base has crossed 10 million within just 18 months of starting its operations. The bank today opened a new branch in Vasant Kunj, New Delhi. With 805 branches the branch network of...

Kolkata, 16 Feb 2017/--/Mahindra & Mahindra Ltd, a part of the US USD 17.8 billion Mahindra Group, today introduced seven new products simultaneously under its Supro platform. The company launched four new variants of its stylish and spacious Passenger carrier, namely Supro Minivan, Supro...

KOLKATA/MUMBAI, 16 Feb 2017/--/Multi Commodity Exchange of India Limited (MCX) and Singapore Diamond Investment Exchange (SDiX) have signed a Memorandum of Understanding (MoU) for establishing areas of cooperation between the two exchanges. The MoU was signed at a ceremony in Mumbai today by...

Kolkata, 16 Feb 2017/--/To improve passenger comfort and safety, Eastern Railway introduced modern type of LHB rakes to 12315/16 Kolkata-Udaipur Ananya Express and 12317/18 Kolkata-Amritsar Akal Takht Express replacing conventional type of rakes. Introduction of modern type of LHB rake will also...

NEW DELHI, 16 Feb 2017/--/The works relating to promotion of digital transactions will be looked after by Ministry of Electronics and Information Technology (Meity), as per the new rules. President Pranab Mukherjee has given nod to change government of India, Allocation of Business Rules, 1961, to...