Business India News


IT detects excess reporting of old currency by certain Cooperative Banks
New Delhi , Jan. 18 : The Income Tax Department, on Wednesday, detected excess reporting of the now defunct Rs. 500 and Rs. 1000 notes to the Reserve Bank of India (RBI), by certain Cooperative Banks. Read Full Story

Click and add some joy to your kitchen!
New Delhi , Jan. 18 : Shopping for your kitchen will now be even easier, as all the products are just a click away! Read Full Story

Tata Motors announces launch of 'Lifestyle Vehicle' Hexa
New Delhi , Jan. 18 : Tata Motors on Wednesday announced the commercial launch of its 'lifestyle vehicle' - Hexa, a power-packed and feature loaded vehicle for those who have an active and dynamic lifestyle. Read Full Story

Infosys Chandigarh was recognized as 'Cashless Campus' by Chandigarh administration
Chandigarh, Jan 18 : In an attempt to encourage cashless transaction in Chandigarh, the UT administration recently organized a 'Digi Dhan Mela' here. Read Full Story

India sees large rise in cybercrime: ASSOCHAM-PwC study
New delhi, Jan 18 : Cyber security incidents are seeing a rise in India, with a total of 39,730 incidents reported in the first 10 months of 2016, as against 44,679 and 49,455 observed during the years 2014 and 2015 respectively, a recent ASSOCHAM-PwC joint study said on Wednesday. Read Full Story

Cabinet approves the exclusion of States from the investments of National Small Savings Fund from Apr 1, 2016
New Delhi, Jan 18 : The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to exclude State Governments States or UTs (with Legislature) except Arunachal Pradesh, Delhi, Kerala and Madhya Pradesh from National Small Savings Fund (NSSF) investments from Apr 1,.2016. Read Full Story

GIGABYTE demonstrates its latest unique gaming products and systems
New Delhi , Jan. 18 : GIGABYTE India recently organised a special event to give professionals a chance to see its latest unique gaming products and systems. These systems are designed to pack a punch, delivering full gaming MB,CPU,RGB Fusion, Smart Fan 5, in one equally powerful machine in the category. Read Full Story

Encouraging response to regional connectivity scheme UDAN, AAI received 45 proposals
New Delhi , Jan.18 : The Airports Authority of India (AAI) has received an encouraging response to for the civil aviation ministry's regional connectivity scheme UDAN (Ude Desh Ka Aam Nagrik). Read Full Story

Investors positive on India in long-term despite some short-term disruption, say global experts at India Investment Conference
New Delhi , Jan 18 : CFA Society India hosted the 7th India Investment Conference on 13 January, 2017 at the Taj Lands End, Mumbai. The theme for this year's conference was 'Searching for Alpha in a Divergent World'. Nearly 500 investment management professionals attended the conference, which focused on the challenges faced by the Indian investment management industry. Read Full Story

Indian benchmark indices end Wednesday with positive bias
Mumbai, Jan 18 : The Indian market ended positive on Wednesday with BSE Sensex up 21.98 points at 27257.64 and NSE Nifty up 19.00 points at 8417. Read Full Story

Note scrapping can do little to stop future generation of black money: ASSOCHAM study
New Delhi, Jan 18 : Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation. Read Full Story

Flipkart unveils safety feature for Field Delivery Staff Project Nanjunda
Bengaluru , Jan. 18 : To ensure greater safety for their Field Executives (FEs), known as Wishmasters, Flipkart unveiled Project Nanjunda, an SOS button in the Field Executive's mobile app. Read Full Story

Aasaanjobs launches unique referral program for job seekers on its platform
New Delhi , Jan 18 : India's leading online recruitment marketplace Aasaanjobs has announced the launch of its referral program for job seekers on its platform. Read Full Story

Want to make India an electronic-manufacturing hub: IT Minister Ravi Shankar Prasad
New Delhi , Jan. 18 : We want to make India an electronic-manufacturing hub, Union Electronics and IT Minister Ravi Shankar Prasad said on Wednesday, while detailing to the media the key decisions he took in a meeting with Union Finace Minister Arun Jaitley. Read Full Story

Rise in cyber crime in India: ASSOCHAM-PwC study
New Delhi , Jan. 18 : Cyber security incidents are seeing a rise in India, with a total of 39,730 incidents reported in the first 10 months of 2016, as against 44,679 and 49,455 observed during the years 2014 and 2015 respectively, a recent ASSOCHAM-PwC joint study said on Wednesday. Read Full Story

Cabinet approves listing of shares of public sector GICs
New Delhi , Jan 18 : Union Finance Minister Arun Jaitley on Wednesday announced the Cabinet's decision to approve the listing of shares of public sector General Insurance Companies on the stock exchanges through either issue of fresh equity or offer of sale with a combination there off. Read Full Story

Amdocs, Linux Foundation tie-up to accelerate OpenECOMP adoption in open source
New Delhi , Jan 18 : Leading provider of digital customer experience solutions Amdocs on Wednesday announced that it will partner with the Linux Foundation to accelerate the global adoption of the open source enhanced control, orchestration, management and policy (ECOMP) platform. Read Full Story

Nifty opens above 8400, Sensex gains; HDFC up one pct
New Delhi , Jan 18 : The market on Wednesday opened higher amid the global uncertainty. The Sensex traded up 71.48 points or 0.3 percent at 27307.14 and the Nifty traded up 22.40 points or 0.3 percent at 8420.40. Read Full Story

Finvasia with Symphony launches Blitz; next generation algorithmic trading platform
New Delhi , Jan 18 (ANI-BusinessWireIndia): Finvasia is delighted to announce the launch of Blitz Trader, a groundbreaking algorithmic trading and execution platform designed by Symphony Technologies. Read Full Story

Panacea Biotec up 13 pct on US FDA nod for migraine drug
New Delhi , Jan 18 : Shares of Panacea Biotec zoomed over 13 percent intraday on Wednesday as the company received the US drug regulator's nod for a drug. Read Full Story

StoreHippo's multi-store feature enables enterprises to operate multiple sub-stores within a single portal
New Delhi , Jan 18 : StoreHippo begins the New Year 2017 by unveiling an exciting feature on the platform. The newly incorporated Multi Store feature allows the enterprise level E-commerce players to multiply their reach without extra cost and efforts. Read Full Story

CBDT issues clarification on indirect transfer provision under the IT Act, 1961
New Delhi , Jan 18 : The Central Board of Direct Taxation (CBDT) on Wednesday issued clarification on Indirect Transfer provisions in respect to circular no. 41/2016, which was issued on December 21, 2016. Read Full Story

58th India International Garment Fair to begin today in New Delhi
New Delhi , Jan. 18 : The 58th edition of India International Garment Fair (IIGF) is beginning today in New Delhi. Read Full Story

AI adoption driving revenue growth for businesses, leadership on workforce implications vital: Infosys study
Davos, Switzerland, Jan 17 : Infosys, a global leader in consulting, technology, and next-generation services, on Tuesday released multinational research findings on artificial intelligence (AI) business impact, market maturity and expectations. The research report, Amplifying Human Potential: Towards Purposeful Artificial Intelligence, polled 1,600 senior business decision makers at large organizations across the world. Read Full Story

Textiles Minister to inaugurate 58th IIGF 2017
New Delhi, Jan 17 : The 58th edition of India International Garment Fair (IIGF) will be held in New Delhi from Jan 18 - 20. Read Full Story

Tata Steel announces scholarship programme for female students from selected engineering institutes in India
Jamshedpur, Jan 17 : Tata Steel on Tuesday announced a scholarship programme titled 'Women-Of-Mettle', an initiative to encourage gender diversity in the manufacturing industry. Read Full Story

Zillonlife Global announces launch of its direct sales business in India
New Delhi, Jan 17: Zillonlife Global Pvt. Ltd. on Tuesday announced the direct sales channel launch of its product portfolio 'Lifecorder', 'Soul Sanctuary' and 'Sierra Brew' to cater to security, surveillance and lifestyle buyers. Read Full Story

Malabar Gold and Diamonds announces Rs. 620 crore expansion plan
New Delhi , Jan. 17 : Malabar Gold and Diamonds has announced a major investment amounting to Rs. 620 crore in expansion plans of its retail network. The plan will see an addition of 24 stores in three months, from January 2017 to March 2017 period, taking the number of total outlets to 185 by the end of March 2017, up from 161 as of today. Read Full Story

Zillonlife Global Pvt Ltd announces launch of its Direct Sales Business in India
New Delhi , Jan. 17 : Zillonlife Global Pvt. Ltd. on Tuesday announced the direct sales channel launch of its revolutionary product portfolio to cater to security, surveillance and lifestyle buyers. The company product portfolio 'Lifecorder', 'Soul Sanctuary' and 'Sierra Brew' was launched by Ram Vilas Paswan, Minister for Consumer Affairs, Food and Public Distribution in New Delhi. Read Full Story

Ola, Apollo create 'Lifesaver', a comprehensive medical program for driver partners
New Delhi , Jan. 17: Ola, a mobile app for transportation, has partnered with Apollo Hospitals, a healthcare services provider, to create a comprehensive medical program for driver-partners. Read Full Story

Demonetisation an opportunity to grow, says Anmol Biscuits MD
New Delhi , Jan. 17 : With a slump in the economy following the government's demonetisation drive, the Fast Moving Consumer Goods (FMCG) sector has suffered in terms of production and expenditure. The consumption level of the consumers has decreased leading to an overall impact on the sector. Read Full Story

Need to address issue of lack of manpower in technical textiles sector: Smriti Irani ahead of Technotex-2017 expo
New Delhi , Jan. 17: Smriti Zubin Irani, Minister of Textiles, Government of India, on Tuesday underlined the need to address the issue of lack of manpower in the technical textiles for which industry needed to first define the requisite skills. After defining the skills, the task would be to bridge the gap in which the industry would be supported adequately by the Government of India. Read Full Story

Droom achieves blockbuster growth of 600 percent Y/Y in 2016
New Delhi , Jan. 17 : Droom, an online automobile transactional marketplace, released its annual progress report for calendar year 2016. Read Full Story

Indian market slips on Tuesday despite early gains
Mumbai, Jan 17 : The Indian market failed to cling to its initial gains on Tuesday and ended lower, with BSE Sensex down 52.51 points at 27235.66 and NSE Nifty down 14.80 points at 8398. Read Full Story

Tata Power's non-fossil operating capacity climbs to 3060 MW
Mumbai/ Kolkata, Jan 17 : Tata Power, India's largest integrated power company, on Tuesday announced that the company's total generation from non-fossil operating capacity stands at 3060 MW, making it the largest renewable energy Company in India. Read Full Story

Nissan launches New 2017 Sunny in India
New Delhi, Jan 17 : Automaker Nissan on Tuesday announced the launch of the New Sunny 2017 in India. The New Sunny builds on the success of Nissan India's flagship sedan and will be available in dealerships across the country starting today. Read Full Story

Manipur's Karang becomes India's first cashless island
Guwahati, Jan 17k (IBNDS) : Karang, an island of Manipur, has become the first cashless island of the country. Read Full Story

Consumers aware of security risks, but name businesses for data breaches, says Gemalto
New Delhi , Jan 17 : World leader in digital security Gemalto has released the findings of its 2016 Data Breaches and Customer Loyalty report, revealing that consumers put responsibility for protecting their personal data firmly at the hands of the organizations holding their data, and not themselves. Read Full Story

IMF cuts India's growth to 6.6 pct post demonetization
New Delhi , Jan. 17 : The International Monetary Fund (IMF) on Tuesday announced a cut in India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to consumption weakness courtesy demonetisation. Read Full Story

Avenues, Grace by Emaar India receives completion certificate from CMDA
New Delhi , Jan 17 : India's leading real estate developer Emaar India has re-emphasized its delivery track record with the receipt of Completion Certificate (CC) from Chennai Metropolitan Development Authority (CMDA) for the second phase of its Chennai residential projects, The Avenues and Grace at Esplanade. Read Full Story

Note scrapping can do little to stop future generation of black money, says ASSOCHAM study
New Delhi , Jan 17 : Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation. Read Full Story

SEBI gives nod to mutual funds investment in REITs, InvITs
New Delhi , Jan 17 : The Securities and Exchange Board of India (SEBI) board, which has been looking at ways to attract more investors, has allowed mutual funds to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) that have been classified as hybrid instruments. Read Full Story

Muthoot Finance's Public Issue of NCD's to open from today
New Delhi , Jan 17 : Largest gold financing company in India Muthoot Finance Ltd. will open the public issue of its Non-Convertible Debentures - Secured and Unsecured (NCDs) from today. Read Full Story

AWS and Cloud Kinetics - transforming the way enterprise runs SAP
New Delhi , Jan 17: Cloud Kinetics, a premier provider of Cloud Solutions and an AWS Advanced Consulting Partner was on stage at SAP PKOM Singapore on January 12th 2017 to share the experience of how enterprises are leveraging Amazon Web Services to transform and operate SAP. Read Full Story

Parenting network Tinystep bags two million funding from Flipkart
New Delhi , Jan 17 : Parenting social network Tinystep has announced receiving of USD two million funding from ecommerce giant, Flipkart to advance their product, better the user experience and expand on their services. Read Full Story

IMF cuts India's growth rate following demonetisation stress
Washington, Jan 17 : In a setback for the Indian government, the International Monetary Fund (IMF) has cut India's growth rate to 6.6 percent for the current fiscal year, a decrease by one percent from its previous estimate. Read Full Story

Publishers from across South Asia participate in World Book Fair
New Delhi , Jan. 17: The World Book Fair 2017 attracted greater a footfall this year as people from all walks of life attended it in New Delhi. Read Full Story

India won't stop at 100 GW for Solar: Piyush Goyal
Abu Dhabi [UAE], Jan. 17: Union Power Minister Piyush Goyal has claimed that India is poised for huge growth in solar energy and it won't stop at the 100GW solar power target to be achieved by 2022. Read Full Story

Get your `tailer-made` food, drinks at newly-opened Darzi Bar and Kitchen in CP
New Delhi , Jan 16 : Masterchef Shipra Khanna launched her 1st restaurant, The Darzi Bar and Kitchen on Saturday, January 14 in the national capital. Read Full Story

Bandhan Bank opens branches in Goa, reaches 770 branch mark
Goa, Jan 16 : : Bandhan Bank opened its first branch in Goa on Monday. Jaikish, General Manager and Officer-in-Charge, Reserve Bank of India, Goa inaugurated the Bank's Panjim branch. Read Full Story

Danone India announces plans to grow its Nutrition business
Hyderabad, Jan 16 : Danone, a global food company, has announced plans to strengthen its Nutrition business in India starting with the launch of its globally popular Infant formula brand Aptamil. Read Full Story

Infosys announces internal carbon price
Zurich, Jan 16 : Infosys, a global leader in consulting, technology, outsourcing and next-generation services, on Monday announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. Read Full Story

GST roll-out deadline deferred to July 1
New Delhi , Jan. 16 : The Goods and Service Tax (GST) council, headed by Union Finance Minister Arun Jaitley, on Monday met to break the deadlock over who gets to administer the GST and managed to achieve consensus on the 'dual control' or 'cross empowerment' issue, deferring the deadline for its roll-out to July 1. Read Full Story

RBI increases daily ATM withdrawal limit to Rs 10,000
New Delhi, Jan 16 :; Giving relief to people across the nation, the Reserve Bank of India on Monday increased the daily withdrawal limit from ATMs to Rs.10,000. Read Full Story

Indian market closes positive
Mumbai, Jan 16 : The Indian market closed positive on Monday, with BSE Sensex up 50.11 points at 27288.17 and NSE Nifty up 12.45 points at 8412.80. Read Full Story

India's wholesale price inflation increases marginally in December
New Delhi, Jan 16 : India's annual inflation based on wholesale prices increased marginally to touch 3.39 percent in December. Read Full Story

RBI increases cash withdrawal limit from ATMs to Rs. 10,000 per day per card
New Delhi , Jan. 16 : The Reserve Bank of India (RBI) on Monday increased the cash withdrawal limit from ATMs to Rs 10,000 per day with immediate effect. This is, however, operative within the existing overall weekly limit that is Rs. 24,000. Read Full Story

Rupa Frontline revamps its brand identity, launches new logo
New Delhi , Jan. 16 (ANI-BusinessWireIndia): Inner wear brand, Rupa Frontline, has recently revamped its new brand identity with the launch of its new logo, which aims to capture the sensibilities of the millennials. The new logo repositions brand Frontline as a young and fashion-forward brand that aspires to make the lives of its consumers very comfortable. Read Full Story

Union Budget should focus on driving consumption, investment and job creation, says FICCI
New Delhi , Jan.16 : The Federation of Indian Chambers of Commerce and Industry (FICCI) has said that this year's union budget should focus on driving consumption, investment and job creation. Read Full Story

YourTravelSecretary receives the India Travel Awards North for 'Best Customised Tour Operator' 2016-17
New Delhi , Jan. 16 : 'YourTravelSecretary' won the most coveted India Travel Awards North for the year 2016-17 for the category 'Best Customised Tour Operator'. Held recently at Hyatt Regency, Gurgaon, the awards were a recognition to the stalwarts and those behind the success of the travel industry, region-wise. Read Full Story

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