Business News

Kolkata, 15 Jul 2017/--/Merchants’ Chamber of Commerce & Industry (MCCI) organized MCCI Diplomats’ Forum on “Bengal as an Investment Destination” with Rajiva Sinha, IAS, Additional Chief Secretary, Department of Industry, Commerce & Enterprises, Government of West Bengal as the Chief Guest...

Kolkata, 15 Jul 2017/--/Datanet India has launched District Factbooks for India which will provide the compiled publications of the latest district level socio-economic data. These data will be available for 560 out of 640 districts in India for over 15 categories. Datanet India is in the business...

KOLKATA/MUMBAI, 15 Jul 2017/--/Essar Ports has handled a record 19.62 million tonnes of cargo in the quarter ending 30 June 2017. This is a growth of 12% when compared to the cargo handling in the corresponding quarter of the previous fiscal. For dry and unit cargo, the performance was even more...

KOLKATA/MUMBAI, 15 Jul 2017/--/Standard Chartered Bank today announced the launch of its Premium banking initiative which offers a suite of digital banking solutions and exclusive rewards designed for Premium Banking customers and their families.  Premium Banking customers using Super Value...

Kolkata, 15 Jul 2017/--/B. N. Mohapatra, Financial Commissioner, Railway Board and Ex-Officio Secretary to the Govt. of India visited S E Railway Headquarters, Garden Reach on Friday and held a high level meeting with the General Manager, S. E. Railway, S. N. Agrawal and other Principal Head of...

NEW DELHI, 15 Jul 2017/--/The Union government on Saturday asked traders to get registered under the Goods and Services Tax (GST) regime by July 30. However, traders with turnover of below Rs 20 lakh or those engaged exclusively in the supply of exempted goods or services need not register under...

NEW DELHI, 15 Jul 2017/--/The Department of Telecom will soon seek details of alleged subscriber data breach of Reliance Jio, a top official said on Saturday. "They (company) have not come to us but we will seek details from them," Telecom Secretary Arun Sundararajan told reporters in response to...

London, 15 Jul 2017/--/Union minister Harsimrat Kaur Badal has urged UK companies to participate in India's food processing value chain, saying a market worth USD 600 billion is waiting for the British firms. The Union Cabinet Minister of Food Processing was addressing a round-table to promote her...

Jamshedpur, 15 Jul 2017/--/India would overtake the world's second largest steel producer Japan in the next couple of years and the country has targeted to produce 300 million ton of steel by 2025-30, a senior Tata Steel official said here on Friday. India is currently producing 90 to 95 million...

NEW DELHI, 15 Jul 2017/--/Foreign currency worth about Rs 93 lakh has been seized from a man by the customs at Indira Gandhi International Airport (IGIA) here, officials said on Saturday. The accused was intercepted yesterday when he was going to board a flight to Dubai. "He was carrying foreign...

Kolkata, 15 Jul 2017/--/Capital market watchdog, Securities and Exchange Board of India Saturday said it would seek public comments after it receives Kotak committee report on improvement of corporate governance standards including function of independent directors in September. "The Kotak...

Mumbai, 15 Jul 2017/--/Urging all to not fall prey to falsehoods on future of weak banks, RBI Deputy Governor S S Mundra on Friday said lenders' inclusion under prompt corrective action (PCA) is for timely improvement of their performance. "PCA is one among such tools which involves monitoring of...

Mumbai, 15 Jul 2017/--/The gross written premium (GWP) collection of the general insurance industry grew to Rs 33,303 crore in the first quarter, up 22 per cent from Rs 27,310 crore in the corresponding period a year ago, as per the data from the regulator Irdai. Having crossed Rs 1.27 trillion in...

Mumbai, 15 Jul 2017/--/Global rating agency, Fitch Ratings on Friday said the proposed merger of the IDFC Group and Shriram Group is unlikely going to have any immediate impact on ratings of Shriram Transport Finance. Last week, the infra lender IDFC and the Piramal Group-backed financial services...

Mumbai, 15 Jul 2017/--/Leading stock exchange BSE will shift securities of 48 companies including IDFC Bank and InterGlobe Aviation to Group `A' category, the most tracked segment on the bourse's platform, from July 17. Aditya Birla Fashion and Retail, Crompton Greaves Consumer, Dr. Lal Pathlabs,...

NEW DELHI, 15 Jul 2017/--/Gold prices shot up by Rs 190 to Rs 29,050 per ten gram at the bullion market Saturday on firm cues from global markets and increased buying by local jewellers. Silver also regained the Rs 38,000-mark on increased offtake by industrial units and coin makers. Marketmen...

Kolkata, 13 Jul 2017/--/JSW Cement launched its first Priority Dealer Store in West Bengal, Kolkata today. The launch took place in their first Priority Dealer Store - Mondal Enterprise situated at Krishnapur, Hanapara. In order to make it happen, JSW cement aggressively build up an extensive...

Kolkata, 13 Jul 2017/--/ICICI Pru Life, has come out with an innovative health insurance product which provides financial assistance for the treatment of heart diseases and cancer. The product helps the policyholder to focus on the treatment without worrying about the financial implications of...

KOLKATA/MUMBAI, 13 Jul 2017/--/Axis Bank announced its collaboration with Inter-American Investment Corporation (IIC) to facilitate trade with Latin America and the Caribbean. Axis Bank is the first Indian Bank to participate in the Trade Finance Facilitation Program (TFFP) as a confirming bank....

NEW DELHI, 13 Jul 2017/--/The National Green Tribunal on Thursday passed a slew of directions to rejuvenate River Ganga, declaring as 'No-Development Zone' an area of 100 metres from the edge of the river between Haridwar and Unnao and prohibiting dumping of waste within 500 metres from the river...

Mumbai, 13 Jul 2017/--/India's largest software services firm Tata Consultancy Services (TCS) Thursday reported a 5.9 per cent decline in its consolidated net profit to Rs 5,945 crore for the April-June quarter, hit by currency volatility. It had posted a net profit of Rs 6,317 crore in the...

Hyderabad, 13 Jul 2017/--/Economic growth has to be inclusive and not at the cost of education, environment and health, Niti Ayog member V K Saraswat said here on Thursday. The definition of development should also change as economic development is different from economic growth, Saraswat said. "...

NEW DELHI, 13 Jul 2017/--/The Supreme Court on Thursday said that challenge to any order passed by the special court during pendency of trial in coal scam cases will be entertained only by it. A three-judge bench headed by Justice M B Lokur said it will not revisit the July 25, 2014 order passed...

NEW DELHI, 13 Jul 2017/--/The group of ministries set up to decide on the modalities for Air India disinvestment is yet to hold its first meeting, panel member and Union Minister Nitin Gadkari said on Wednesday. As part of efforts to revive the loss-making airline, the Cabinet last month gave its...

NEW DELHI, 13 Jul 2017/--/Railway Minister Suresh Prabhu on Thursday reached out to private players for the creation of new design wagons to cater to market demands. Besides conventional goods such as coal, fertiliser and iron ores, the railways is also planning to carry agri products in a big way...