Business India News

40 percent of India's GDP outside GST: Chidambaram
Pune (Maharashtra) , July 23 : Criticising the Centre's formulation of the Goods and Services Tax (GST), former finance minister and Congress leader P. Chidambaram pointed out that many products have been kept out of the new tax regime. Read Full Story

Digital India, Bharat Net initiatives key to expansion of social media: Study
New Delhi , July 23 : With initiatives like Bharat Net aiding the expansion of broadband network in India, initiatives like Digital India are said to gain momentum, leading to the expansion of social media, an ASSOCHAM paper noted. Read Full Story

TRAC, Canada and MedGenome announce Cancer Immunotherapy solution to bring novel immuno-oncology drugs to India
New Delhi , July 22 : Toronto Recombinant Antibody Centre (TRAC) from the University of Toronto, Canada agreed to license MedGenome's patented cancer immunotherapy solution OncoPept to develop biomarkers for their drug candidates against immune modulators to treat cancer. Read Full Story

UAE Exchange India Nizamabad Branch Extended for Customer Ease
Kochi, July 22: It is the moment of honour for the Nizamabad branch to be called as "convenience branch" by the eminent lawyer and President of Rotary club-Nizamabad, Mr Jagadishwar Rao. Read Full Story

To maintain 100 new 'smart' cities, India must rethink on infrastructure
New Delhi, July 22 : India's plans to create 100 new 'smart cities' to support its rapidly growing urban population could hurt the environment unless greater emphasis is placed on providing new supporting infrastructure and utilities, according to a major new study. Read Full Story

Kyocera products recognised by Buyers Lab, awarded 'Summer 2017 Pick'
Osaka [Japan], July 22 : Kyocera Document Solutions Inc. has announced that seven of its products were awarded the "Summer 2017 Pick" commendations from Buyers Lab (BLI), a global printing product testing provider. Read Full Story

Kyocera roped into Virtual Power Plant test project
Tokyo [Japan], July 22 : Kyocera Corporation announced that it has been registered with the Sustainable open Innovation Initiative (SII) as a resource aggregator for a new program to help control energy resources among Japanese consumers. Read Full Story

GAC Motor's First All-electric SUV GE3 Now On Sale, Sets New Benchmark in New Energy Sector
SHANGHAI, July 22, 2017 : Chinese leading automaker GAC Motor has officially released its first self-developed smart all-electric SUV GE3 into the Chinese market. Read Full Story

Subaru WRX STI Type RA NBR Special Sets Sub-Seven Minute Nurburgring Lap
NURBURG, Germany, July 21, 2017 : Subaru of America, Inc. announced today that the Subaru WRX STI Type RA NBR Special set a new lap record for a four-door sedan at the famous 12.8-mile Nurburgring Nordschleife race track, achieving a time of 6:57.5. Read Full Story

TransDisciplinary University Brings Together the Best Minds to Deliberate over the Promise and Problems of Synthetic Biology
Bengaluru, July 21: Scientists across the globe are discovering novel ways to alter DNA so as to genetically engineer new forms of life. Read Full Story

Steps for Reviving Export of Cotton Commodities
New Delhi, July 21: The Government has taken the following steps to boost the export of textiles, including cotton commodities: Read Full Story

India to Host Global Conference on Cyber Space 2017 - World's Largest Conference on Cyber Space
New Delhi, July 21: "India will be hosting the 5th Global Conference on Cyber Space (GCCS) in 2017, one of the world's largest conference on Cyber Space and related issues" announced Shri Ravi Shankar Prasad, Hon'ble Union Minister for Electronics and Information Technology and Law and Justice, in the presence of Shri P.P. Chaudhary, Hon'ble Union Minister of State for Electronics and Information Technology and Law and Justice after chairing a High-Level Organizing Committee meeting here today. Read Full Story

BharatMatrimony reveals a girl's key expectations when choosing a partner
New Delhi , July 21 : A BharatMatrimony matchmaking survey to find out "What people expect from a life partner" saw a whopping 11,682 participants share their opinions. Read Full Story

IT raid at ABIL founder's offices, residence
New Delhi , July 21 : The Income Tax Department (ITD) on Friday raided the residence and offices of Avinash Bhosale, Founder of ABIL Group. Read Full Story

Return on PMVVY scheme exempted from GST: Arun Jaitley
New Delhi , July 21 : Union Finance Minister Arun Jaitley on Friday said that rate of return being provided to senior citizens under the Life Insurance Corporation of India's (LIC) new scheme will be exempted under the new Goods and Services Tax (GST) regime, and will be free from fluctuation, thus ensuring more stability to the aged. Read Full Story

Bank of Baroda to extend services to Government e-Marketplace initiative
New Delhi , July 21 : Bank of Baroda on Friday announced entering into a Memorandum of Understanding (MoU) with the Directorate General of Supplies and Disposal (DGS and D) for extending various banking services to the Government e-Marketplace (GeM) initiative. Read Full Story

Kaspersky Lab at frontline against cybercrime; 20 years after Cascade
New Delhi , July 21 : Global cyber-security company Kaspersky Lab has seen one man's mission grow into a global crusade against cybercrime. With innovation and vision at its heart, this year will see Kaspersky Lab take its fight to new heights - launching key initiatives such as the adaptive Kaspersky Security Cloud and the Kaspersky OS - to empower businesses and consumers to protect themselves from ever-evolving threats. Read Full Story

Intel forays into deep-learning arena; launches Movidius Neural Compute Stick
New Delhi , July 21 : Intel on Friday launched the Movidius Neural Compute Stick, a USB-based deep learning inference kit and self-contained artificial intelligence (AI) accelerator that delivers dedicated deep neural network processing capabilities to a wide range of host devices at the edge. Read Full Story

Uber launches UPI-linked payment services on Android
New Delhi , July 21 : Taxi aggregator Uber on Thursday announced third payment option for their Android app users, apart from cash, e-wallet and credit/debit card with the integration of the Unified Payment Interface (UPI) payments platform. Read Full Story

Mercedes-Benz India launches new AMG GLC 43 4MATIC Coupe
New Delhi , July 21 : Commemorating the completion of 50 years of its performance brand-AMG, luxury car maker Mercedes-Benz India on Friday launched the all new Mercedes-AMG GLC 43 4MATIC Coupe, an SUV Coupe which embodies superlative driving performance and agility. Read Full Story

Schneider Electric expands its IoT-enabled offerings to tap the USD 30 billion market for green buildings
New Delhi , July 21 : Global specialist in energy management and automation Schneider Electric on Friday announced its commitment towards making buildings in India 'energy efficient' through its suite of new IoT-enabled technologies and solutions. Read Full Story

Mukesh Ambani announces bonus issue of 1:1 at AGM; stock rallies intraday
New Delhi , July 21 : While addressing shareholders at 40th annual general meeting (AGM) of Reliance Industries Chairman Mukesh Ambani announced a bonus issue of 1:1, which means that shareholders will get one bonus share for every one share held by an investor. Read Full Story

EO Gurgaon organises conversation with Vikram Oberoi - Mister Hospitality
New Delhi , July 21 : EO Gurgaon organised conversation with Vikram Oberoi, the third generation scion of India's best-known luxury hospitality chain. He is the most successful purveyor of luxury hospitality in the country. Over the 10 years, when he stepped into a mainstream management role as General Manager of the Oberoi Rajvilas in Jaipur, he has relentlessly focused on quality and succeeded. Read Full Story

NITI Aayog approves Rs. 18k crore investment for rail projects for two major routes
New Delhi , July 21 : Government think-tank NITI Aayog on Friday approved investments worth Rs. 18,000 crore for high-speed rail projects for major routes of Delhi-Mumbai and Delhi-Kolkata, Union Minister for Railways Suresh Prabhu said at an ASSOCHAM event here today. Read Full Story

ShopClues appoints Deepak Sharma as new CFO
New Delhi , July 21 : India's first and largest managed online marketplace ShopClues on Friday announced appointment of Deepak Sharma as CFO. Read Full Story

Reliance AGM: Mukesh Ambani launches VoLTE feature JioPhone at price of Rs. 0
Mumbai (Maharashtra) , July 21 : Reliance Industries Chairman and Managing Director (CMD) Mukesh Ambani on Friday launched its VoLTE feature phone, JioPhone, in India at an 'effective price' of Rs 0. Read Full Story

Subramanian Swamy trains guns at Karti Chidambaram, calls him 'liar'
New Delhi , July 21 : Bharatiya Janata Party (BJP) leader Subramanian Swamy on Friday dubbed former finance minister P. Chidambaram's son, Karti Chidambaram, as a "liar" after he moved the Madras High Court seeking quashing of a Central Bureau of Investigation (CBI) case against him. Read Full Story

Gemalto's remote subscription management solution helps Lenovo customers be always connected
New Delhi , July 21 : World leader in digital security Gemalto has announced delivering of flexible connectivity for Lenovo smart devices across 160 countries. Read Full Story

Mr. Soumitro Chakraborty - CEO, Fiinovation Awarded 'Most Admired Leader for CSR and Sustainability 2017'
New Delhi, July 21: In a world where great ideas shape lives, thought leaders play a crucial role. Their knowledge and views influence people's approach as their ideas are easily accessible and easy to comprehend. Read Full Story

Experience Solace with the Saga of Soups at JW Marriott Mumbai Juhu
Mumbai, Maharashtra, July 21: Monsoons have arrived in Mumbai, comes along with it is the perfect weather to enjoy a hot bowl of soup. Read Full Story

JW Marriott Mumbai Sahar Played Host to Mumbai's Finest Dessert Showcase
Mumbai, July 21: JW Marriott Mumbai Sahar brought together over 25 par excellence pastry chefs from across various sister properties in India, under one roof, at a three-day pastry workshop that began on 17th of July. Read Full Story

Simplilearn Named One of the Top Online Learning Library Companies by Training Industry
BANGALORE, July 21, 2017 : Digital-economy training company, Simplilearn announced today that it has been named one of the top learning providers by Training Industry's 2017 Online Learning Library Company List. Read Full Story

nexogy launches Managed Firewall as a Service Solution
CORAL GABLES, Fla., July 20, 2017 : nexogy, recognized as one of South Florida's fastest growing technology companies, best known for providing small and medium-sized businesses Cloud-Based communications services, has selected Sophos as its technology partner to offer a Managed Firewall as a Service solution to its customers and channel partners. Read Full Story Becomes India's First Fashion Portal to Accept Payments Through Bitcoin
FARIDABAD, India, July 21, 2017 : Cyankart India Pvt. Ltd., the company that owns and operates, on Monday, 17th July 2017, announced the addition of Bitcoin payments on their web portal; becoming India's first fashion and lifestyle store to start accepting payments on their website through Bitcoin. Read Full Story

ResearchFox - Striving to Bring the Best to its Customers
BENGALURU, July 21, 2017 : ResearchFox Consulting, an emerging market research firm headquartered in Bangalore, has revisited its report repository and has come-up with the upcoming trends related to the emerging technologies across the globe. Read Full Story

Rakshabandhan Consumer Survey by Online Flower and Gifting Portal - FlowerAura
GURGAON, India, July 21, 2017 : Rakshabandha, a festival that cherishes the bond of siblinghood between a brother and sister, is celebrated with immense fervour and enthusiasm in India. Read Full Story

Honor the Smile: Fashion for a Cause With Honor 8 Pro
NEW DELHI, July 21, 2017 : Honor, Huawei's Smartphone e-brand for digital natives, today announced its partnership with the Smile Foundation, one of the premier NGOs in the country dedicated to directly benefitting over 400,000 children and their families every year and ace designer Rina Dhaka, as a part of the 'Honor the Smile' initiative. Read Full Story

2017 Kia Forte Earns Top Safety Pick Plus Rating From Insurance Institute For Highway Safety
IRVINE, Calif., July 20, 2017 :The Insurance Institute for Highway Safety (IIHS) has awarded its best rating possible, Top Safety Pick Plus (TSP+), to the 2017 Kia Forte built after March 2017 when equipped with optional front crash prevention and high intensity discharge (HID) headlights with Dynamic Bending Light. Read Full Story

Jet Airways entails 10-day off per month to employees as cost-cutting measure
New Delhi , July 21 : Indian airline Jet Airways has asked several of its pilots to take 10-day off a month effective from August 1, a move that will effectively mean at least 30 percent salary cut for them. Read Full Story

Welfare Schemes for Textile Workers
New Delhi, July 20: The following welfare schemes for textile workers are being implemented by the Ministry of Textiles: Read Full Story

Geographical Indications tagging of Handicraft and Handloom products
New Delhi, July 20: Government has started Geographical Indications (GI) tagging of handicraft and handlooms for the benefit of weavers and artisans. Read Full Story

Government measures to boost textile and handicraft industries
New Delhi, July 20: In order to boost textile and handicraft industries, the government has setup power loom, handloom and handicraft clusters at various places in the country. Read Full Story

Availability of Cotton for Textile Industry
New Delhi, July 20: Government reviews the cotton availability position from time to time. Adequate availability of cotton is ensured through domestic production and textile mills are able to source their requirement of cotton from the domestic market. Read Full Story

James Dyson award takes place for first time in India
New Delhi , July 20 : Dyson, a British technology company, launched its globally renowned James Dyson Award in India for the first time this year. Read Full Story

Former U.S. envoy Verma joins The Asia Group as Vice Chairman, partner
Washington, D.C. [United States], July 20 : Former U.S. Ambassador to India Richard Verma has joined The Asia Group as its vice chairman and partner. Read Full Story

Paytm Gold is now available as cashback; enables customers to save
New Delhi , July 20 : Paytm now enables customers to get their cashback as Paytm Gold. This will combine the spending and saving experience with an asset that is close to the hearts of Indians. Read Full Story

Reliance Industries announces Q1 profit at Rs. 9108 crore
New Delhi , July 20 : Reliance Industries' on Thursday announced its earnings with a consolidated profit at Rs. 9,108 crore, partly driven by one-time gain of Rs. 1,087 crore. Read Full Story

2017 Genesis G90 Earns Total Quality Award From Strategic Vision
FOUNTAIN VALLEY, Calif., July 20, 2017 : The 2017 Genesis G90 won a Total Quality Award as the highest quality vehicle in the luxury car segment by car buyers in Strategic Vision's annual Total Quality Impact (TQI) report based on results from its New Vehicle Experience Study (NVES). Read Full Story

LetsVeriFy's fight against fake products gains speedy popularity in India
New Delhi , July 20 : Created with an objective to deliver striking blow to counterfeiting, LetsVeriFy, an innovative and cutting-edge application by ThinkCurve is witnessing a high growth in popularity amongst customers and manufacturers in India. Read Full Story

Preethi Kitchen Appliances enters Global Book of World Records
New Delhi , July 20 : Preethi Kitchen Appliances, an inseparable brand of any Indian kitchen, entered Global Book of World Records, Asia Book of Records and India Book of Records recently for the demonstration of its mixer grinder's grinding prowess by organising the Longest Mixer Grinder Grinding Marathon-the first brand across the globe to achieve such a feat. Read Full Story

Savor a Unique Gastronomic Experience at World Food India's Food Street
New Delhi, July 20: India is the world's oldest continuing civilization and has served the world's tastes from Mesopotamia and the Pharaohs of Egypt to ancient China and beyond. Read Full Story

JMD Medico on its Aggressive Pan-India Expansion
Mumbai, July 20: JMD Medico Service Ltd. (a subsidiary of JMD Ventures Ltd, which is listed on BSE) announces aggressive pan India expansion plans by launching a wide range of Ayurvedic products. Read Full Story

Audi ad likening women to used cars backfires in China
New Delhi , July 20 : Oppression is a serious issue in our society, which has recently been portayed in a commercial of Audi in China. Read Full Story

Voonik TV brings Video Commerce to India
New Delhi , July 20 : India's leading personalization-based fashion marketplace Voonik has announced the launch of Voonik TV, where one can watch exciting short-form videos and shop from them, all within the Voonik App. Read Full Story

Ducati launches the all new Scrambler Desert Sled in India
New Delhi , July 20 : Ducati India on Thursday announced the launch of the Scrambler Desert Sled. Drawing its inspiration from the off-road bikes of the '60s and '70s that made US motorcycling history in the mountains and deserts of California, the Scrambler Desert Sled offers a unique incomparable style. Read Full Story

Truecaller introduces 'Spam Tab', 'New App Themes' for android users
New Delhi , July 20 : Truecaller on Thursday rolled out its newest update for Android 8.21 with interface changes for easier access to spam inbox. Read Full Story

ALE and PGi deliver audio conferencing to maximize the UC and C experience
New Delhi , July 20 : ALE, operating under the Alcatel-Lucent Enterprise brand, today announced it is working with PGi, the world's largest dedicated provider of collaboration solutions, to deliver integrated high-definition (HD) audio conferencing for its collaborative communications platform, Rainbow. Read Full Story

Applancer - World's 1st Decentralized Software Development Outsourcing Platform
Bangalore, July 20: Been into the news since its inception, Applancer has become a renowned name in IT industry. After continuous enhancements, Applancer has become world's 1st decentralized software development outsourcing platform. Read Full Story

Indiagift Announces its Premium Rakhi Collection for Rakhi Gifts in India, Buy One Get One for a Limited Period
Gurgaon, July 20: As Rakshabandhan 2017 approaches, a prominent Indian gifting portal announced its online rakhi gift store. Read Full Story

Limelight Networks Expands Its Content Delivery Network Capacity in India with Three New Points-of-Presence
Mumbai, July 20: Limelight Networks, Inc. (Nasdaq: LLNW), a global leader in digital content delivery, today announced the opening of three new Points-of-Presence (PoPs) in India. Read Full Story

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