Business

Big Business honchos congregates at IIFT’s Trade Winds 2015

  New Delhi, August 20th, 2015: Determined to guide the youth towards building a strong future of the country, Indian Institute of Fo...

Government proposed schemes to help milk unions tide

  The State government on Wednesday introduced three schemes to help cash-strapped Karnataka Milk Federation (KMF) and milk unions ac...

Geojit BNP Paribas releases Results.

  Geojit BNP Paribas Financial Services announced its first quarter results for fiscal year 2012-13 on July 12, following the meeting of its Board of Directors at Kochi. For Q1 ended June 2012, consolidated revenues of the company decreased marginally by 5% to Rs. 59 crore from Rs. 62 crore for the same quarter of the previous fiscal while Net Profit increased by 97% to Rs. 8.5 crore from Rs 4.3 crore. The increase in profitability is...Read More

Technology trade with India: Iran

  The Trans Asian Chamber of Commerce and Industry (TACCI) hosted a welcome event for the Acting Consul General of Iran in Mumbai, Mr. Mohammed Bagher Beigi , on June 27, 2012 at Anchorage, Royal Mumbai Yacht Club. The occasion was graces by the presence of, Convenor & Secretary of TACCI, Shri. Sanjay Bhide, Special Guest of Honor, Shri. Ali Reza Abdi, Eminenet Social Worker, Prof.Smt.Zeenat Shoukat Ali and various other...Read More

Karur Vysya Bank ties up with TimesofMoney for online remittances

  Karur Vysya Bank, a leading Private Sector Bank with over 95 years of banking tradition in India, announced a tie-up with TimesofMoney, India’s leading digital payments service provider, for a customer friendly online remittance solution for Non Resident Indians (NRIs). This service provided by TimesofMoney will ensure that all NRI customers of Karur Vysya Bank get a robust transaction platform along with better pricing,...Read More

300 MW equipment sale agreement with ReNew Power and Suzlon Group.

  Suzlon Group, the world's fifth* leading and India’s largest wind turbine manufacturer, has signed an equipment sale deal with ReNew Power Ventures Pvt. Ltd. (‘ReNew Power’), for wind energy projects of 300 MW to be developed across India. Suzlon will supply, supervise, operate and maintain the projects, while ReNew Power will act as a developer. ReNew Power is one of India’s leading IPP players and...Read More

DHL Express launches its US$175 million North Asia Hub – a logistics milestone for region.

  DHL, the world’s leading logistics company, opened its biggest express hub in Asia – the US$175 million DHL Express North Asia Hub at the Shanghai Pudong International Airport. The company also announced plans to further invest US$132 million (€100 million) to add eight dedicated aircraft to service high demand routes between Shanghai and North Asia, Europe and the US, by 2014. Dr. Frank Appel, CEO of Deuts...Read More

To protect vision and eye health against damaging UV light Essilor launches two major innovations: Crizal Forte UV and the Eye-Sun Protection Factor.

  Essilor, the world leader in ophthalmic optics, today announces the launch of Crizal Forte UV, a clear eyeglass lens offering the most advanced protection against damaging UV light. This exclusive lens blocks UV rays entering the eye both from the front and the back sides while maintaining unmatched clarity of vision. Essilor also introduces a new “Eye-Sun Protection Factor” for lenses, in order to drive consumer awa...Read More

Kaushik Basu appointed World Bank chief economist

  The World Bank on Wednesday named Kaushik Basu as its chief economist, placing a candidate from an emerging market country in a key position at the global development lender. Basu, who was most recently chief economic adviser to the government of India, is the World Bank's second chief economist from a developing country. He replaces Justin Lin, a citizen of China, whose term expired on June 1. Basu, who holds a Ph.D. fr...Read More

Honda Motorcycle & Scooters India aims 30% sales growth this fiscal.

  Honda Motorcycle & Scooters India today said it expects sales to grow by 30 per cent this fiscal to touch 27.5 lakh units.  The company, which is currently undertaking wage settlement negotiations agreement with its workers at the Manesar plant, also said it expected the process to be completed soon.  "In last financial year, we sold 21 lakh units of two wheeler and our this year target is 27.5 lakh units, whi...Read More

Rupee hits 3-week low on fall in shares, euro

  The rupee dipped to its lowest level in three weeks on Wednesday, weighed down by losses in domestic stocks and the euro, on scepticism about the European Central Bank's ability to unveil a concrete plan to help debt-laden euro zone economies. The euro had been rallying on hopes of some concrete steps from the ECB after its meeting on Thursday, but closer to the date investors grew cautious and preferred to cut back on their...Read More

India GDP- Continued weakness. By Kush Katakia

  At 5.5%, India’s gross domestic product (GDP) beat market forecasts for last quarter’s growth. But the positive surprise failed to lift expectations. Growth quality is poor and unsustainable, presaging continued weakness ahead. Three-quarters of the GDP growth over April-June came from services, which contributed 4.1 percentage points. Construction added one more; and 0.4 points from agriculture completed the su...Read More

Apple even stronger a year after Steve Jobs death

  As Apple paid homage Friday to Steve Jobs a year after his death, the US technology giant appeared to be extending its leadership in the sector even without the visionary leader.            Full Coverage on Apple's new iPhone  Visitors to the Apple website were greeted with a brief video showing snippets of Jobs and the various products he introduced, from...Read More

US jobless rate tumbles to near 4-year low of 7.8%; lowest since 2009

  The US unemployment rate unexpectedly dropped to 7.8 percent in September, reaching its lowest level since President Barack Obama took office and providing a boost to his re-election bid.  The Labor Department said on Friday that employers added 114,000 workers to their payrolls last month, a moderate number, but it said a combined 86,000 more jobs were created in the prior two months than it had prev...Read More

Banks to release funds to Kingfisher Airlines on \'humanitarian grounds\': SBI

   State Bank of India today said Kingfisher  lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid fpr the past seven months.  "The money that has been released by the tax authorities, 80 per cent of that will be made available to the company on humanitarian grounds, specifically to pay salaries of the empl...Read More

Oil falls over 2 percent as US job growth fails to impress

  Oil fell more than 2 percent Friday as traders fret that jobs aren't growing fast enough in the U.S. to significantly boost demand for fuel.  Benchmark oil was down $2.38, or 2.6 percent, to $89.33 per barrel in midday trading in New York. Oil rose immediately after the government's report came out in the morning but the price slipped steadily after that.  The economy created 114,000 jobs in Sept...Read More

LPG price hiked by Rs 11.42; petrol, diesel rates may go up.

   Cooking gas (LPG) price was hiked by Rs 11.42 per cylinder following government decision to raise commission paid to the dealers.  Petrol and diesel prices too may go up marginally as the Oil Ministry considers raising dealers commission by at least 23 paisa and 10 paisa a litre respectively. The Ministry yesterday issued orders raising commission paid to LPG dealers from R...Read More

Further impetus needed for the rally to survive.

By Kush Katakiya   The markets witnessed an eventful September with positive news coming on both global and domestic fronts. Seasonally, September is usually considered a “down month”, but for India, this was one of the best months in recent times. Indian benchmark indices gained about eight per cent during the month, with several mid-caps rising more sharply. On the global front, stimulus measures from the Eu...Read More

Have You Used Your Cashless Card Yet?

  By Rahul Aggarwal   The concept of health insurance in India is seeing a continual improvement in the past few years. One such result is cashless medical insurance which allows the policyholder to be hospitalized without the harassment of immediate payment, especially during emergencies. You just intimate your Third Party Administrator (TPA) of your situation and avail the medical treatment. TPA verifies your poli...Read More

DHL Express announces annual general price increase for 2013

  DHL Express, the world’s leading international express services provider, has announced its annual general price increase in India for 2013. The adjustment will be effective from January 1, 2013. In India, it will amount to 6.5% on average. DHL’s annual rate increase is based on a number of factors. One of its principal considerations is the impact of general price inflation on input costs for the express indust...Read More

From Pessimism to cautious Optimism

  By Kush Katakiya Indian stock markets have been boosted by the recent change of guard at the finance ministry and subsequent policy decisions. From extreme pessimism in June 2012, markets have moved to optimism in October. Indian markets are supported by the global markets, which have also moved up after the decision by the US Federal Reserve to infuse liquidity and the resolve of the European Central Bank to tackle the Eur...Read More

Diamond jewellers expect good biz in H2

  Diamond jewellers are expecting a better performance in the second half of FY13 as there is an improved demand from the domestic market and a surge in orders from the overseas markets.  A depressed export market in the first half of the current financial year had forced the diamond industry to shift its attention to the domestic market, which has started paying off and indications are that the festive season de...Read More

Another Mittal debuts in the Forbes list of Indian Billionaires Mr. Lachhman Das Mittal, Chairman, Sonalika becomes the third Mittal to be listed after Sunil Bharti Mittal and Lakshmi Mittal

  Mr. Lachhman Das Mittal makes his debut this year in the business magazine Forbes' latest annual ranking of 100 wealthiest Indians. He is the one of the Richest Tractor barons in the country with a net worth of $785 Million. He has been ranked 75th on the list of the 100 richest people in India. Son of a grain merchant from Punjab, he worked in Life Insurance Corporation before joining family's agricultural and far...Read More

Kingfisher Airlines\' management meets striking employees

     In a bid to prevent any protests by striking Kingfisher Airlines staffers during the upcoming Formula One motor racing, the management top brass today met the agitators in Delhi to try to break the deadlock over payment of salary dues.  Airline promoter Vijay Mallya, who co-owns the Sahara Force India team that is participating in the Indian Grand Prix, does not want to...Read More

Nissan dealers refuse to take vehicles

   Nissan Motor India is locked in a faceoff with its dealers because of which Nissan dealerships are learnt to have stopped taking supplies of vehicles in the last one week.  The dispute is over the issue of Nissan's master franchisee Hover Automotive India (HAI). The confrontation led to Nissan dealers forming a separate forum — Nissan Dealer Forum — and opening communications with Nis...Read More

This Diwali, take a break on Gold buying, says Dhirendra Kumar CEO, Value Research

  'Sona hee hai, koi fizool kharchee thodey naa hai' (It's gold, not a waste of money), says the doting husband in the TV advertisement for a gold jewellery company, while Diwali crackers can be heard in the background. It's the season for buying gold. Unfortunately, I'll hasten to add that there's nothing unfortunate about the season. I expect it to be as auspicious and happy as any festival...Read More

Finance ministry miffed with RBI not cutting rates?

  The government seems miffed with the Reserve Bank of India (RBI) not cutting rate in its policy review today. The central bank kept interest rates unchanged despite government coming out with a fiscal consolidation plan a day before the policy. The RBI cut the Cash Reserve Ratio by 25 basis points.  "Growth is as much a challenge as inflation. If government has to walk alone to face the chal...Read More

Avoid getting Trashed

By Rahul Aggarwal   The most critical moment in the entire tenure of an insurance policy is when a claim is filed. “Rejection, of any kind hurts.”In an insurance claim, the blow is multitudinal – financial, emotional,  physical - thus making it more stressful.   “One of the most common queries we get from people buying a policy is whether the insurance company will honour the claim,&r...Read More