IndusInd Bank said it completed the acquisition of Diamond & Jewellery financing business and related deposit portfolio of Royal Bank of Scotland N.V. in India. With this, the Bank said, loan portfolio is approximately Rs.41 billion has been transferred to the bank from Royal Bank of Scotland. IndusInd Bank is a private bank in India […]
Wave Infratech said it would offer properties under its Wave City Center and Wave City on Snapdeal.com “As a first in the online selling space, Wave Infratech would be offering a host of products – Irenia, Vasilia, Livork Studios at Wave City Center and Wave Executive Floors, Wave Floors Premium and Dream Homes at Wave […]
Tech Mahindra Ltd said it will partner with Ontario-based local distribution company, Niagara-on-the-Lake Hydro, San Diego Gas & Electric (SDG&E), SAP Canada and Nissan Canada for developing an Intelligent Electric Vehicle Charging System (IEVCS). This project is sponsored by Canada’s Ministry of Energy and funded in part through the Ontario Smart Grid Fund initiative. Tech […]
Mumbai City FC said it has signed attacking midfielder Andre Moritz for the Indian Super League (ISL) Season 2. Mumbai City FC is Mumbai’s franchise in the Hero Indian Super League. Bollywood actor and football enthusiast Ranbir Kapoor and chartered accountant Bimal Parekh together own the team Moritz was arguably the best foreign recruit of […]
IDFC Ltd said its unit IDFC Bank Ltd has got a license from the Reserve Bank of India for undertaking banking business in India under Section 22(1) of the Banking Regulation Act, 1949. The announcement marks the formalization of an earlier preliminary grant of banking license by the RBI last year. In April last year, […]
Café Coffee Day (CCD), India’s biggest branded eatery by far, said it is offering freebies to customers till July 26th as part of its 19th birthday celebrations. The company, which is trying to conduct is IPO, said it will gift back an offer to each customer who bills at CCD which will be redeemable with […]
BMW, the German car brand is launching the 2015 version of its successful ‘sports activity coupe’ BMW X6 in India today. The price of the model is expected to be between 75 lakhs to 1.1 cr. BMW X6 combines the characteristics of an SUV, such as high ground clearance, all-wheel drive and all-weather ability, large […]
Mahindra & Mahindra Ltd, India ’s leading SUV manufacturer, unveiled the New Thar offroader. “The New Thar CRDe comes with enhanced exteriors, and all new interiors with added comfort & convenience features, all of which take the legendary off-roader to the next level,” Mahindra and Mahindra said. Targeted at the off-roading enthusiasts and people wanting […]
Indicash ATMs, the largest independent operator of cash dispensing machines in India, has introduced a new cash-transfer facility. “Customers simply need to dip their card at an Indicash™ ATM, enter the PIN followed by the 16-digit debit card number of the beneficiary and confirm the amount to be transferred.,” Tata Communications Payment Solutions Limited said. […]
CEAT Limited reported flat first-quarter revenue at Rs 1,456 crore, while the company’s net profit jumped 134% to Rs. 121 crore and the EBITDA increased by 65% to Rs 224 crore due to lower input costs. Anant Goenka, Managing Director, CEAT Limited, said, “In this quarter, our sales growth was flat; however margins have improved […]
SKS Microfinance Limited today announced that its gross loan portfolio excluding the states of Andhra Pradesh and Telangana registered a 15% quarter-on-quarter growth to Rs. 4,797 crore in Q1-FY16. Loan disbursements increased by 105% on a year-on-year basis to Rs. 2,377 crore in Q1-FY16 (Rs. 1,160 crore in Q1-FY15). During the quarter, the Company had […]
TV Today Network Ltd said the government of India has allowed the sale of its FM radio stations in in Amritsar, Jodhpur, Patiala and Shimla, but rejected the sale of stations in Delhi, Mumbai and Kolkata. The three applications were rejected as Entertainment Networks India Ltd (ENIL) already has radio licenses in those cities. In […]
SpiceJet denied media reports that it had been told to appear in an income tax case by a Delhi court. “..the Company has not received any summon or notice as reported in certain sections of the media,” it said in a letter to the BSE. Media has reported in recent days that a court has […]
Following a similar move by BSE, larger peer National Stock Exchange of India has now issued notices to 115 active listed companies to include women directors on board. “The exchange has conducted a study of listed companies recently. About 88% of the companies seem to have complied with the SEBI directive among the NSE listed […]
TV18 Broadcasting Ltd swung to a first-quarter operating loss as expenses increased and revenue fell. Revenue fell to Rs 596.7 cr from Rs 629.7 cr in the preceding quarter. However, operating expenses rose to 595.9 cr from 555.1 cr in the previous quarter. Revenue from media operations fell to Rs 566.3 cr from 628.9 cr […]
Federal Bank has launched ‘Soft PIN’ facility for Debit cards, which lets customers use debit and ATM cards almost as soon as they’ve got their hands on it. Soft PIN, which replaces printed ‘PIN- Mailers’, can be generated by the customers themselves through any of the Bank’s 1500-plus ATMs across the country, thus avoiding the […]
The Centre for Science and Environment (CSE) expressed “deep shock” at Delhi government’s decision to dismantle the bus corridor to take road space back from buses for the cars, calling it a capitulation in front of the ‘car lobby’. The decision by Aam Aadmi Arvind Kejriwal led government has been taken as a priority step […]
Tata Motors will hold a nationwide Free Monsoon Check-Up camp for its passenger vehicle customers from 28th July to 2nd August, 2015, across 585 workshops in 293 cities. All TATA car and utility vehicle owners are eligible to participate. The monsoon camp will offer better benefits planned on tyres and batteries, apart from labour, lubes, […]
NSE has today filed a defamation suit against an organization for publishing what it called unsubstantiated and misleading reports against the exchange. The suit also names the officials of the organization that published such reports, the exchange said. “The exchange has sought withdrawal of those reports etc, as well as, has made a claim of […]
Pantene, one of India’s leading hair care brands, announced Bollywood actress and superstar Anushka Sharma as the face of the new and best ever Pantene. “I love experimenting with my hair! Whether it’s my current wob, or a fringe cut or colouring my hair, but with my busy schedule and hectic lifestyle, my hair is exposed […]
