Business India News

Linking bank accounts to Aadhaar mandatory, confirms RBI
New Delhi (India), Oct 21 : The Reserve Bank of India (RBI) on Saturday confirmed that it is mandatory to link bank accounts to Aadhaar. Read Full Story

Govt incentivises online purchase, payment of Gold Bonds
New Delhi , Oct. 21 : In a bid to fuel the ongoing digitisation drive, the Government of India in consultation with the Reserve Bank of India (RBI) announced a discount on the purchase of Sovereign Gold Bonds, if made online and paid digitally. Read Full Story

New Volvo 7900 Electric Offers Greater Range and Flexibility
GÖTEBORG, Sweden: Volvo Buses is now launching a new version of its all-electric bus, the Volvo 7900 Electric. With significantly extended range and more charging options, the new Volvo 7900 Electric offers bus operators even greater flexibility. Read Full Story

These six platforms empower SMEs in India
New Delhi , Oct. 21 : The small and medium-sized enterprises (SME) sector is considered to be the backbone of the Indian economy. It is said to be the desired growth engine which helps India achieve an ambitious two-digit gross domestic product (GDP) growth rate. Read Full Story

35-40pct plunge witnessed in Diwali gifts this year: Survey
New Delhi , Oct. 21 : In sync with the low-key festivities due to economic slowdown and pressure on their balance-sheets, corporate India saw lukewarm response in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, a telephonic survey conducted by ASSOCHAM in the run-up to Diwali noted. Read Full Story

PayPal users in US can now transfer funds via Facebook Messenger!
New York [USA], Oct. 21 : Conventionally, social media is known to be a platform to help one walk down memory lane and look for their friends, family and acquaintances. But with the recent trend of fast money transfers, there is much to rejoice. Read Full Story

Indians are turning into impulsive pilgrims: OYO survey
New Delhi , Oct. 20 : A survey conducted by OYO, India's largest hospitality company has revealed that travel aspirations and technology adoption have turned Indians into impulsive pilgrims. Read Full Story

Mundos Alternos Performances at UCR ARTSblock
RIVERSIDE, Calif: Mundos Alternos: Art and Science Fiction in the Americas, UCR ARTSblock's exhibition of over 30 contemporary artists working within the science fiction genre to imagine new realities and alternate worlds, is proud to present live performances as a part of the larger exhibition. Read Full Story

Bajaj Finserv slashes personal loan interest rate to 11.99 percent
Pune (Maharashtra) , Oct. 20 : To make this festive season brighter, Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., is offering personal loan at a special interest rate of 11.99 percent for a loan value of Rs. 12 lakh and above. Read Full Story

Four Ruchi Soya plants honoured with national safety awards
Mumbai (Maharashtra) , Oct.20 : Ruchi Soya has been recognized for its initiatives and implementation of safety measures with four of its plants receiving coveted national safety awards. Read Full Story

D-Street Diwali: Muhurat Trading kick-starts with market in red
Mumbai (Maharashtra) , Oct. 19 : Ringing in the auspicious occasion of Diwali, the special trading session of Mahurat Trading flagged off at the Bombay Stock Exchange (BSE), with the market indices opening lower. Read Full Story

UAE Exchange India won Indcom Award 2017 for Best Digital Media Campaign
Kochi (Kerala) , Oct. 20 : UAE Exchange India showcased its penchant quality and exemplary services trends in all its service verticals especially in the field of Digital media which is reigning large in the contemporary industry. Read Full Story

ONGC hopeful of 10pct import reduction by 2022
New Delhi , Oct. 19 : Chairman and Managing Director (CMD) of ONGC, Shashi Shanker on Thursday said that the initiatives in the oil and gas sector in India need to implemented, keeping in mind Prime Minister Narendra Modi's vision of reducing import quantity by 10 percent by 2022. Read Full Story

Cyber spy groups moving towards using supply chain attacks
New Delhi , Oct.19 : A senior researcher at the Moscow-based Kaspersky Lab Global Research and Analysis Team (GReAT), has warned that cyber espionage groups are not just after personal data anymore, but also attacking financial institutions in the Asia-Pacific (APAC) region. Read Full Story

Paytm reports Mega-Dhanteras sale
New Delhi , Oct 19 : Mobile wallet company Paytm on Wednesday said it witnessed a significant increase in business during Dhanteras. Read Full Story

GSMA and AIC Encourage Greater Engagement among RCEP Countries to Enable a Truly Pan-Asian Digital Economy
Hong Kong : The GSMA and the Asia Internet Coalition (AIC) today urged the participating countries of the Regional Comprehensive Economic Partnership (RCEP) for greater commitment and engagement. Read Full Story

This Diwali, Pay through MobiKwik QR Code and Win Gold
New Delhi : This Diwali, users of Indian mobile wallet major, MobiKwik can win gold worth Rs 1lakh on QR Code transactions. MobiKwik powers digital transactions for over 20 lakh merchants pan-India, and the offer is also valid on the purchase of petrol, milk and groceries. Read Full Story

Tata Housing Launches Exclusive Easy Payment Plan for Serein in Thane
Mumbai : Tata Housing - one of the leading real estate developers in India, today announced an exclusive easy payment plan for India's first wellness homes - Serein in Thane. This scheme will enable consumers to book their apartments by paying just 6 per cent and the balance payment after 36 months. Read Full Story

On World Food Day, SonyLIV Introduces the Genre of Food
Mumbai : This World Food Day, SonyLIV introduces the food genre to its existing line-up of diversified content, thereby being the first mover in the OTT space to introduce food as a genre. Read Full Story

Casagrand PropCare Eyes Rs.150 Crore by 2019
Chennai : Casagrand PropCare Private limited, Premier facility management arm of Casagrand Builder Private limited is looking forward to be a 150 crore company by 2019. Read Full Story

NIIT Strengthens Global Retail Business (GRB) Arm to Drive Digital Transformation
New Delhi: NIIT Limited, a global leader in skills and talent development, is strengthening its Global Retail Business (GRB) operations to drive its digital transformation initiatives across the country. Read Full Story

Kotak Mahindra, Samsung announce expansion of Samsung Pay
New Delhi , Oct. 18 : Kotak Mahindra Bank (Kotak) and Samsung India (Samsung) on Wednesday announced the expansion of Samsung Pay platform for Kotak's Visa Credit and Debit Cardholders. With this, Kotak customers can now tap and pay using their Samsung smartphones at merchant outlets having card acceptance machines. Read Full Story

Large banking conglomerates eyeing investment in open banking
New Delhi , Oct. 18 : All but one of 100 payments executives at large banks said their bank plans to make major investments in open banking initiatives by 2020, according to the results of a global study by Accenture. Read Full Story

Canada chosen as partner country for 2017 Technology Summit, New Delhi
New Delhi , Oct. 18 : Canada will be the partner country at the 23rd iteration of the Tech Summit, India's largest knowledge and technology conference and exhibition to be held from November 14 to 15, 2017 in New Delhi. The Summit is organised by the Confederation of Indian Industry (CII) and the Indian Department of Science and Technology (DST). Read Full Story

Mr. Ashwin Vaidya Appointed as Resident Services Manager, Lakeside Chalet Mumbai - Marriott Executive Apartments
Mumbai : Lakeside Chalet - Marriott Executive Apartments Complex has appointed Mr. Ashwin Vaidya as their resident services manager. Under this designation, Mr. Vaidya will ensure that the service standards are at their best by overlooking the processes related to guest satisfaction for the long staying guests. Read Full Story

Deka Lash, the Experts in Eyelashes announces the opening of a retail studio in Las Vegas
PITTSBURGH, Oct. 11, 2017 : Deka Lash, known as the "Experts in Eyelashes" specializing in eyelash extensions and eyelash-related products, announces the opening of a retail studio in Las Vegas, Nevada. PWS Enterprises owns and operates the studio location northwest of the strip in Centennial Hills. Read Full Story

Fresh funding to enable LenDenClub meet capital requirement set by RBI
New Delhi , Oct. 18 : After a successful growth stint in the past six months, LenDenClub, a P2P lending platform is looking to meet the capital requirement set by the Reserve Bank of India (RBI) regulations, banking on the newly secured capital which is being used to enhance the product platform and improve tech automation. Read Full Story

Indians ready to capitalise on Dubai's lucrative real-estate industry
Mumbai (Maharashtra), Oct. 18 : When it comes to buying property in Dubai, Indian investors are quite willing to shell out big sums, as per a recent survey. The study conducted by Dubai Property Show, reveals the purchase pattern of Indians looking to invest in Dubai real-estate, along with the preferred property type. Read Full Story

Airbnb launches Diwali-centric campaign under 'Live There' banner
New Delhi , Oct. 18 : With the festive season round the corner, Airbnb launched its Diwali campaign, inviting the world to celebrate the vibrant festival with India, the way locals do. In line with Airbnb's vision of a world where anyone can Belong Anywhere', the campaign captures how there are no strangers on Airbnb. Read Full Story

Pebble launches 'Dazzle' Bluetooth speaker at Rs2399
New Delhi , Oct. 18 : Pebble, a dealer of power banks and branded mobile accessories in India on Wednesday announced the launch of Dazzle, a Bluetooth speaker with RGB dancing lights, at a price of Rs 2399. Read Full Story

Kaspersky Lab names Shrenik Bhayani as new General Manager for South Asia region
New Delhi , Oct. 18 : Global cyber-security company, Kaspersky Lab, has announced the appointment of Shrenik Bhayani as its new General Manager for the South Asia region covering India, Sri Lanka, Bangladesh, Nepal, Bhutan, and the Maldives. Bhayani will join the company's Asia Pacific leadership team from Oct. 18. Read Full Story

CBDT issues draft notification of amendment of rule 17A and form 10A
New Delhi , Oct 18 : Central Board of Direct Taxes on Wednesday stated that the Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A of the Income-tax Act, 1961 ('the Act') w.e.f April 1st, 2018 to the effect that where a trust or an institution, which has been granted registration under sections 12A or 12AA of the Act has subsequently adopted or undertaken modification of the objects and such modification does not conform to the conditions of such registration. Read Full Story

Stressed upon developing transparent market for LNG: Dharmendra Pradhan
Tokyo [Japan] Oct. 18 : Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Wednesday, while addressing the 6th Liquefied Natural Gas (LNG) Producer-Consumer Conference in Tokyo, stressed upon developing a transparent, flexible, competitive market for LNG. Read Full Story

Pradhan signed MoC on LNG with Japan
Tokyo [Japan] Oct. 18 : Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Wednesday signed a Memorandum of Cooperation (MoC) on Liquefied Natural Gas (LNG) with Ministry of Economy, Trade and Industry of Japan and stressed on working for objective of Secure supply of LNG at Reasonable prices. Read Full Story

Nokia signs MoU with Japan's Sendai city to improve residents' safety
Tokyo [Japan], October 18 : Telecommunication company Nokia and the city of Sendai in Japan have signed a Memorandum of Understanding (MoU) to deliver technology solutions for local businesses as they recover from the 2011 earthquake and tsunami, while contributing to improvements in the quality of life for citizens. Read Full Story

A Grand Diwali Fiesta at Imagica
MUMBAI: Dance with the characters, experience exciting rides and enjoy a vacation like never before Read Full Story

Usha Expands its Mixer Grinders Range With the Launch of 'Imprezza Plus'
NEW DELHI: Usha International, one of India's leading consumer durables company, unveils its latest innovation in the kitchen appliances category - Imprezza Plus mixer grinder. True to its tagline, 'Quieter Faster Tastier', this mixer grinder is a technologically advanced product with advanced fluid dynamic blades. Read Full Story

Wipro Limited Announces Results for the quarter ended September 30, 2017 under IFRS
East Brunswick, New Jersey, United States and Bangalore : Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended September 30, 2017. Read Full Story

BMW Launches the New BMW 330i Gran Turismo M Sport in India
Gurgaon : The new BMW 330i Gran Turismo M Sport was launched today in India. The new BMW 330i Gran Turismo M Sport serves up its blend of luxury-class elegance, sportiness and spaciousness in even more sophisticated form. Read Full Story

CSS Corp Wins NASSCOM Customer Service Excellence Award 2017
Bangalore : CSS Corp, a new-age IT services and technology support company, has been named as the winner of the Customer Service Excellence Award 2017 by NASSCOM, India's premier IT industry body. Read Full Story

New Delta Medical Power Supplies with PMBus Ver 1.3 Supported
New Delhi : Delta Electronics has launched two new AC/DC power supplies designed for use in both medical and industrial applications - the 600W Convection Cooled U-channel MEU-600C24 and the 1200W 1U Enclosed MEB-1K2A24. Both product families come with universal AC input from 85Vac to 264Vac and wide operating temperature of -20°C to +70°C (with full power and no de-rating up to 50°C). Read Full Story

Azure Power Wins 250 MW Solar Power Project with AAA Rated NTPC
New Delhi : Allocated 100pc of the total capacity in a recent auction by NTPC Vidyut Vyapar Nigam (NVVN)Over 580 MWs of high quality solar projects won recently increasing Azure Power's portfolio by over 50pc Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that it has won a 250 megawatt (MW) solar project in an auction conducted by NTPC Vidyut Vyapar Nigam (NVVN). Read Full Story

Haagen-Dazs brings luxurious indulgence to Goa
Panaji (Goa) , Oct. 17 : Franchise owner Rohit Murthy of AKB Group is all set to re-create Haagen-Dazs magic in Goa on the auspicious occasion of National Dessert Day by launching its first Haagen-Dazs premium Ice Cream Lounge with spirits in Calangute, next to Domino's Pizza. Read Full Story

Festive binging becomes happier with these apps
New Delhi , Oct 17 : Golden words by Julia Carolyn Child, author, chef and one of the most celebrated food icons around the world-'People who love to eat are always the best people' Read Full Story

Cyber security top concern in corporate IoT deployments
New Delhi , Oct. 17 : BlackBerry Limited on Tuesday announced via its latest global research whitepaper which surveyed IT decision makers on corporate IoT deployments revealed that huge opportunities are balanced against significant cyber security concerns. Read Full Story

Small traders see decline in sales amid falling gold prices
New Delhi , Oct. 17 : Ringing into the festive week with Dhanteras, gold buyers rejoiced the fervour as the shining metal prices plunged to Rs. 30,710, attributable to a weak overseas trend. Read Full Story

Indian contingents competing with global players at Worldskills competition in Abu Dhabi
New Delhi, Oct.17 : Gold for plumbing! Silver for car dent repair! Yes.. you read it right, it's all happening at Worldskills International competition which is regarded as Olympics of Skills. Read Full Story

Japanese technology brings new life to online singing and virtual games
Tokyo [Japan], Oct. 17: Karaoke Box is a place where an amateur singer sings along with recorded music by using a microphone. Read Full Story

Kali Puja, Diwali promises good business for candle makers in Tripura
Agartala (Tripura), Oct 17 : As the festival of lights, Diwali is approaching women in Tripura's capital Agartala are busy making candles in small candle units. Read Full Story

A mission to unite India and its excellence - Ek Bharat Shrestha Bharat through Paryatan Parv
New Delhi , Oct 17 : The Ek Bharat Shreshtha Bharat programme was launched by the Prime Minister on 31st October, 2016 to promote engagement amongst the people of State / UTs in the country so as to enhance mutual understanding and bonding between people of diverse cultures, thereby securing stronger unity and integrity of India. Read Full Story

Kotak Mahindra Bank, Zeta launch digital wallet for salaried employees
Mumbai (Maharashtra) , Oct. 17 : Kotak Mahindra Bank and Zeta, a fintech pioneer on Tuesday announced the launch of 'Paymint', a comprehensive digital wallet to manage multiple employee benefits. Read Full Story

HCIL inaugurates new satellite communications hub at Manesar
New Delhi , Oct. 17 : Hughes Communications India Ltd., a majority-owned subsidiary of Hughes Network Systems, LLC (HUGHES) inaugurated a new India satellite hub at Manesar. This greenfield facility is the third of its kind after existing and operational facilities at Gurgaon and Hyderabad. Read Full Story

Govt. awareness of cyber terrorism must: Kaspersky Asia-Pacific MD
Phuket [Thailand], Oct.17 : The subject and issue of cyber-terrorism should be on the agenda of every government, says the Managing Director (Asia-Pacific) of global cyber security company Kaspersky Lab. Read Full Story

India's first global conference on adolescent health focuses on "Investing in Youth for a Healthy New India"
New Delhi , Oct 17 : The biggest global event in adolescent health - The World Congress on Adolescent Health - is coming to India. Held only once every four years, the International Association for Adolescent Health's 11th World Congress on Adolescent Health, 'Investing in Adolescent Health - the Future is Now' will be held in New Delhi, India from 27-29 October 2017. Read Full Story

Fingerlix raises USD 7 million in Series B round of funding
Mumbai (Maharashtra) , Oct. 17 : The fresh, ready-to-cook (RTC) food solutions brand Fingerlix has announced raising of USD 7 million from Accel Partners and Zephyr Peacock in Series B round of fundraise. Read Full Story

Hatsun Agro Product invests Rs. 60 cr to support farmers in Tamil Nadu, Telangana
New Delhi , Oct. 17 : Hatsun Agro Product Ltd. (HAP), a leading dairy company with well-known brands such as 'Arun', 'IBACO' and 'Hatsun' has invested Rs. 60 crore to expand its cattle feed production plant in Tamil Nadu. The plant will support the growing requirements of the farming community in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Maharashtra. Read Full Story

World's biggest egg producer keen to set up advanced poultry farm in India: Pradhan
Tokyo [Japan] Oct. 17 : Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Tuesday informed that ISE Foods, one of world's biggest producers of eggs, is willing to set up an advanced poultry farm in India on a pilot basis. Read Full Story

Jaitley unveils MCX's gold options contracts on Dhanteras
New Delhi , Oct. 17 : Multi Commodity Exchange of India Ltd. (MCX) launched India's first gold options contract on the occasion of Dhanteras. The commodity options trading with gold was unveiled by Union Finance Minister Arun Jaitley, here in New Delhi. Read Full Story

Mafe Mobile launches new dual SIM 4G smartphone
New Delhi , Oct. 17 : After receiving a wonderful response for its previously launched shine M820 and M810, Mafe Mobile, has announced the launch of its latest 4G smartphone - Shine M815. Read Full Story

Mercedes to recall 400,000 cars in UK over faulty airbags
London [UK], Oct. 16 : Global automobile manufacturer Mercedes-Benz announced that it will recall over 400,000 cars from across the United Kingdom (UK), after incidents of premature deployment of airbags came to the fore. Read Full Story

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