IT/ITes

  • Bengal to get 15 IT parks: Mamata IANS - Fri 3 Jul, 2015 8:20 PM IST

    Kolkata, July 3 (IANS) West Bengal Chief Minister Mamata Banerjee on Friday said 15 IT software parks generating at least 20,000 jobs were coming up in the state with eight of them ready for launch. "Fifteen IT Software Parks are coming up across the state, eight of which are ready for 'plug and play'," Banerjee announced …

  • Sensex gains over 145 points; bank stocks rise IANS - Fri 3 Jul, 2015 5:16 PM IST

    Mumbai, July 3 (IANS) A slew of reforms announced by the government and relief from Greece crisis led a barometer index of the Indian equity markets to close with healthy gains on Friday. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed the day's trade with gains of over 145 points or 0.53 percent. …

  • Hyderabad to host India Gadget Expo IANS - Thu 2 Jul, 2015 8:44 PM IST

    Hyderabad, July 2 (IANS) The second edition of the Indian Gadget Expo (IGE) will be held here in September this year. To be organised by Skits Events with the support of the Telangana government from September 18 to 21, it will serve as a platform to showcase innovative gadgets and technologies. Making the announcement …

  • Sensex marginally down; oil and gas stocks up IANS - Thu 2 Jul, 2015 2:58 PM IST

    Mumbai, July 2 (IANS) A day after it gained 240 points on the back of positive macro economic data, a barometer index of the Indian equity markets was trading marginally down during the late afternoon ...

  • Sensex marginally in the red; auto stocks gain IANS - Thu 2 Jul, 2015 1:32 PM IST

    Mumbai, July 2 (IANS) A day after it gained 240 points on the back of positive macro economic data, a barometer index of the Indian equity markets was trading marginally in the red during the mid-afternoon ...

  • Indian businesses turn sceptical on Modi's landmark … Reuters - Thu 2 Jul, 2015 8:03 AM IST

    For years Indian businesses have lobbied for a nationwide sales tax, hoping to replace a chaotic structure that inflates costs and halts their trucks at state borders for duty payments, and to unify the country into one of the world's largest single markets. India's top business groups are now calling for a slowdown in …

  • Mumbai, July 1 (IANS) A slew of positive macro economic data coupled with factoring-in of the Greek loan default led Indian equity markets to make healthy gains during the trading session on Wednesday. ...

  • New Delhi, July 1 (IANS) Prime Minister Narendra Modi on Wednesday launched the "Digital India Week" as part of the larger initiative to empower the people and extend services better with the use of information technology and its tools. The prime minister also unveiled a logo for Digital India, an umbrella programme that …

  • Sensex up 249 points; capital goods stocks gain IANS - Wed 1 Jul, 2015 2:56 PM IST

    Mumbai, July 1 (IANS) A slew of positive macro economic data coupled with factoring-in of the Greek loan default led Indian equity markets to make healthy gains during the late-afternoon trading session on Wednesday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains. The 30-scrip S&P …

  • The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains. The 30-scrip S&P BSE Sensex, which opened at 27,823.65 points, was trading at 28,021.19 points (at 1.30 p.m.), up 240.36 points or 0.87 percent from its previous day's close at 27,780.83 points. The Sensex touched a high of 28,032.73 …

  • Mumbai, June 30 (IANS) A barometer index of the Indian equity markets, which was subdued throughout the intra-day trade as a result of Greece loan default, bounced back to make healthy gains on Tuesday. ...

  • Mumbai, June 30 (IANS) Investor sentments were subdued in the Indian equity markets, which were trading flat as Greece headed towards a debt payment default on Tuesday. The barometer of the Indian equity markets - the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) - was marginally up during the late-afternoon …

  • Amazon Web Services to open infra region in India IANS - Tue 30 Jun, 2015 1:30 PM IST

    New Delhi, June 30 (IANS) Amazon Web Services, Inc. (AWS), an Amazon.com company on Tuesday said it will open an AWS infrastructure region in India for its cloud computing platform in 2016. "Thousands of customers in India are using AWS from one of AWS's eleven global infrastructure regions outside India. Several customers …

  • Mumbai, June 29 (IANS) A barometer index of the Indian equity markets suffered a massive fall during the day's trade, partially recovered, and yet ended in the red as anxiety grew over the outcome of the Greece debt crisis on Monday. Just a day ahead of the crucial deadline for Greece to repay part of its debt to the International …

  • Infosys codes banking software for SMEs IANS - Mon 29 Jun, 2015 5:54 PM IST

    Bengaluru, June 29 (IANS) IT major Infosys Ltd on Monday unveiled a financial software solution it coded for helping banks to support and serve their small and medium enterprise (SME) customers. "Our mobile-based financial and business management solution is designed to help SMEs experience banking services on the move …

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Oil & Gas

  • Videocon plans $2.5 billion Brazil oil and gas inv … Reuters - Sat 4 Jul, 2015 3:10 AM IST

    Videocon Industries Ltd (VEDI.NS) plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business. "Brazil oil finding is four times higher than the largest oil field in India ... It's just …

  • Mumbai, June 29 (IANS) The Reliance Industries (RIL)-led consortium partner in the eastern offshore KG-D6 block, Niko Resources of Canada, on Monday said it may defer development of the R-Cluster and other satellite gas fields if the gas price outlook remains uncertain. The consortium, that includes British major BP, has …

  • China to invest $80 billion in 193 aviation projects … Reuters - Wed 24 Jun, 2015 1:06 PM IST

    BEIJING/SHANGHAI (Reuters) - China will invest 500 billion yuan ($80 billion) in 193 major domestic aviation projects this year, the country's aviation regulator said, to meet growing demand from travelers and to bolster growth as the world's second-largest economy slows. The plan was outlined in prepared remarks to be …

  • Carlyle backs former Cairn Energy execs' Indian ve … Reuters - Mon 22 Jun, 2015 4:38 PM IST

    Carlyle Group will invest up to $500 million in Magna Energy Ltd, a new India-focused upstream oil and gas company co-founded by two former Cairn Energy executives, including the man credited with the explorer's Indian drilling successes. Carlyle said on Monday the investment through Carlyle International Energy Partners …

  • SHANGHAI/BEIJING (Reuters) - E-commerce giant Alibaba Group Holding Ltd (BABA.N) is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing centre and provide online …

  • Chinese government deals help nurse Alibaba's bottom … Reuters - Fri 19 Jun, 2015 2:46 AM IST

    SHANGHAI/BEIJING (Reuters) - E-commerce giant Alibaba Group Holding Ltd (BABA.N) is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing centre and provide online …

  • Rosneft talks to buy Essar Oil stake hit bump over … Reuters - Thu 18 Jun, 2015 10:10 PM IST

    MOSCOW/NEW DELHI (Reuters) - Russian oil giant Rosneft's (ROSN.MM) talks with India's Essar Group to buy a key stake in the unit that owns the Vadinar refinery have slowed, sources said on Thursday, after the two sides clashed over the western Indian plant's valuation. Two sources with knowledge of the deal said discussions …

  • Tanzania seeks more Indian investment IANS - Thu 18 Jun, 2015 8:20 PM IST

    New Delhi, June 18 (IANS) Citing a galore of benefits and ease of doing business, Tanzanian President Jakaya Mrisho Kikwete on Thursday invited Indian investors to invest his country. Attending an interactive session with businessmen here organised by the Confederation of Indian Industries (CII), he said although the present …

  • A year after the crash, oil markets risk more trouble … Reuters - Wed 17 Jun, 2015 4:36 PM IST

    SINGAPORE/LONDON/NEW YORK/TOKYO (Reuters) - A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude. While output continues to grow, the economic outlook has darkened in top energy consumer China, where oil demand has …

  • Anil Agarwal updates Jaitley on Vedanta-Cairn merg … IANS - Mon 15 Jun, 2015 11:40 PM IST

    New Delhi, June 15 (IANS) A day after announcing the merger of two of his group companies - oil and gas exploration major Cairn India with natural resources arm Vedanta, Anil Agarwal met Finance Minister Arun Jaitley here on Monday to update him of the development. The merger would fail if state-run Life Insurance Corp, …

  • Exclusive - China to extend economic diplomacy to EU … Reuters - Mon 15 Jun, 2015 5:00 PM IST

    China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters - Beijing's latest round of chequebook diplomacy to win greater influence. While the exact amount is still to be decided, the pledge will mark the latest …

  • Cairn India to merge with Vedanta IANS - Sun 14 Jun, 2015 4:18 PM IST

    New Delhi, June 14 (IANS) Industrialist Anil Agarwal on Sunday announced the merger of two of his group companies -- the oil and gas exploration major Cairn India with the natural resources arm Vedanta Ltd. Cairn shareholders will get one equity and one redeemable preference share of Vedanta. "The merger of Cairn India …

  • Cairn India and Vedanta boards meeting on merger IANS - Sun 14 Jun, 2015 12:44 PM IST

    New Delhi June 14 (IANS) The board of directors hydrocarbons explorer Cairn India is currently in meeting to discuss the proposed merger of the company with mining resources major Vedanta Ltd. "A meeting of Board of Directors of the company will be held on June 14, 2015, inter alia, to consider and evaluate amalgamation …

  • India seeks to use its oil thirst to drive bargain … Reuters - Fri 12 Jun, 2015 7:33 PM IST

    India is trying to use its position as one of the world's biggest energy consumers to strike better bargains for its companies with oil exporting nations, in a marked change of approach under Prime Minister Narendra Modi. The oil ministry is moving beyond seeking additional barrels for import in talks with exporters.  …

  • Oil minister says met Cairn India over Vedanta mer … Reuters - Fri 12 Jun, 2015 6:10 PM IST
    Cairn India employees work at a storage facility for crude oil at Mangala oil field at Barmer in the desert Indian state of Rajasthan

    The oil minister met executives from oil company Cairn India this week to discuss its potential merger with parent Vedanta Ltd, the operating unit of London-listed mining and energy group Vedanta Resources Plc. Vedanta earlier this week signalled it was considering merging those two listed subsidiaries, as it tries to …

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Banking & Finance

  • Indian Banks to Modify Interest Rates for Savings  … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks may revise the interest rates on saving deposit account balance exceeding Rs 100,000, reported Business Standard. Private sector lenders such as Kotak Mahindra Bank and IndusInd ...

  • Canara Bank to Set up 47 Micro Enterprises Biz Cen … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian public sector lender Canara Bank has plans to set up 47 Micro Enterprises Business (MEB) centres all over the country. The Bangalore-based PSB explained that the proposed MEB centres ...

  • Indian Banks Achieve Jan Dhan Account Opening Targ … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks have achieved the target of opening 75.16 million accounts for the low-income households under the Pradhan Mantri Jan-Dhan Yojana (Prime Minister's People Funding Scheme), reported ...

  • Axis Bank Garners $500 Mln via Bonds Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian private sector lender Axis Bank has garnered capital worth $500 million in a 5.5-year dollar-money at 3.25% fixed rate coupon. The Mumbai-based lender has raised the capital through its ...

  • Essar Steel Algoma Garners $1.2 Bln for Debt Refin … Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Essar Steel’s Canadian subsidiary, Essar Steel Algoma, has garnered around $1.2 billion to refinance its previous debts, Business Line reported. The refinancing comprises a debt of $750 million, ...

  • DoT to Start 3G Spectrum Auction from Feb 23, 2015 Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- The Department of Telecommunications (DoT) stated that the proposed spectrum auction will start from February 23, 2015 instead of February 3, Business Standard reported. The delay is due to ...

  • SpiceJet Hopes to Make Profit in 12 Months Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian low-cost carrier SpiceJet aims to see profit within a year after receiving fresh amount of capital by sealing a mega deal, Business Standard reported. The company is about to close the ...

  • Citibank India Names Arvind Vashistha as Its Equity … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Citibank India, a subsidiary of US-based global financial service corporation Citigroup, has named Arvind Vashistha as its equity markets head. Vashistha would be reporting to Citibank India’s ...

  • NSE, BSE Keen to Set up Small Banks Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Indian bourses the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are considering to open small banks across the country once the Reserve Bank of India (RBI) start the application ...

  • Govt Nominates Hasmukh Adhia as RBI Director Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- The Indian government has nominated Hasmukh Adhia as a director on the Central Board of Directors of the Reserve Bank of India (RBI). Adhia has assumed the new role with effect from November ...

  • Central Bank of India Rolls out Two New Schemes for … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- India’s public sector lender Central Bank of India has unveiled two latest schemes to facilitate its retail customers to avail housing loan by way of overdraft facility and liquidity on their ...

  • Reliance Jio Garners $1.5 Bln to Repay Loans Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Reliance Jio Infocomm (RJIL), the telecom unit of the diversified group Reliance Industries Ltd (RIL), plans to garner around $1.5 billion from a consortium of 26 banks to refinance the loans. ...

  • India's Domestic Air Traffic Increases 18.31% in Oct … Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Domestic air traffic increased by 18.31% in October this year as airlines carried over 59.25 lakh passengers during the month compared to 50.08 lakh passengers in the same month last year, Directorate ...

  • SBI Likely to Offer $1 Bln Loan to Adani for its Australian … Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 – India’s largest public sector lender State Bank of India has inked an agreement with Adani Enterprises allowing the conglomerate to avail loan up to $1 billion for the development of its infrastructure ...

  • Govt to Meet PSB chiefs on Nov 20 Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 --The finance ministry has scheduled a meeting with the chiefs of government-owned banks on November 20 to review the financial performance of PSBs and progress of Pradhan Mantri Jan Dhan Yojana ...

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