Naukri.com, one of India’s leading job sites, said that hiring increased by 10.2% in August as compared to last year, contributed by over 40% hiring growth in Banking and Insurance industry. Banking and financial industry experienced a growth of 42% whereas the insurance industry witnessed 49% growth during the same period, said the company. Real Estate as […]
SpiceJet, India´s low-cost carrier, said it is offering a flat 12% discount on flights between India & Dubai. Customers can avail this offer by using a promo code –´TRAVEL12´– while booking. Booking can be done on the company´s website from 19th to 22nd September. The travel period for this offer is set between 20th and […]
Larsen & Toubro (LET), one of India’s leading engineering and construction company said it has signed a$99.7 million project with Vietnam Border Guard to design and construct high speed patrol vessels in India. The contract also envisages transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard. […]
Yes bank, India’s 5th largest private sector bank, said its recently launched ´Yes tag´ ‘chat banking’ application has crossed 10,000 Transactions. Yes tag was launched recently by Yes bank and offers a ‘conversational smart banking’ experience and can be used to bank via five messaging platforms namely Facebook Messenger, Twitter, Skype, Telegram and WeChat. Users […]
Ola Cabs, the desi competitor to the Uber, has cut its starting share cab price to Rs 3 per km in Mumbai for morning and evening commute. The fare makes it competitive against share cabs operated by black and yellow taxi operators in the city, who charge Rs 5-10 per ride. The rides are usually […]
Syngene International Ltd., Asia’s largest contract research organization, said it has purchased assets of Strand Life Sciences related to systems biology, Heptox and Pharma Bioinformatics services. Financial details of the deal were not disclosed. The acquisition includes target dossier business and rights to NGS data analytics and Sarchitect platforms, supported by a strong scientific team. […]
Asserting there are no quick fixes for grave problems facing the public sector banks, mainly centered around close to Rs 5 lakh crore non-performing assets, ASSOCHAM President Mr Sunil Kanoria today said a paper brought out by the chamber clearly suggests mergers or consolidation of the PSBs is certainly no answer to the present crisis, […]
Palred Online Technology said its wholesale ecommerce platform under the LatestOne.com platform has got off to a successful start. The platform — which aims to supply equipment sourced from China and other countries directly to shops, distributors and retailers — is processing 4,000 orders per day, the company said. The wholesale operation was started about a […]
Godrej Properties Limited, one of India’s real estate developers, said it has acquired a land of approximately 12 acres off Sarjapur Road in South Bangalore to develop a residential housing project of approximately 92,900 sq. mtrs. The project is located close to the commercial and industrial catchment areas of Electronic City Phase I & II, […]
The government has approved the setting up of National Mission for Clean Ganga in the place of the existing National Ganga River Basin Authority to fast track rejuvenation projects. The authority will have powers to issue directions and also to exercise the powers under the Environment (Protection) Act, 1986 to enable it to carry out […]
The Union Cabinet has given approval for provision of a direct communication link through a dedicated submarine optical fibre cable between mainland India and Port Blair & five other islands in Andaman & Nicobar Islands. The estimated cost of the fiber, which will originate in Chennai, is Rs. 1102.38 crore including operational expenses for 5 […]
MobiKwik, a mobile payments network, said it has made account registration easier by partnering with the smart calling mobile app Truecaller thereby increasing its daily account registrations by 30%. Now any user with a Truecaller account can instantaneously register on MobiKwik, said the company. Truecaller is a mobile app that pools data from all the […]
Standard Chartered, the UK-based bank, has urged its banking customers in India to change their ATM PIN numbers in light of increasing cases of ATM fraud. “For the security of your account, we would recommend that you visit our ATMs or call our helpline number and change your Debit Card PIN,” the bank said in […]
Vodafone India, one of India’s largest telecommunications service providers, said it got a contract from the Govt. of Uttarakhand to keep ASHA workers in the state connected. Through this partnership, Vodafone’s network will keep Uttarakhand’s ASHA workers connected to the hilly regions and rural hinterlands, helping them being accessible to address any query and timely […]
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal to extend subsidy support of Rs. 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from Universal Service Obligation Fund (USOF), but also said no further payments on this account will be provided. The amount is provided as compensation for deficit […]
The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, said it has approved capital funding of Rs 5,176 crore to GAIL for development of 2539 km long Jagdishpur-Haidia and Bokaro-Dhamra gas pipeline project. The approved fund will be 40% of the total capital cost of Rs 12,940 crore for the […]
Setting up a Cauvery Water Management Board is the most ideal solution to settle the on-going Cauvery water conflict as per the directions of the Supreme Court, chairman of the Central Water Commission (CWC), Mr G.S. Jha said at an ASSOCHAM event held in New Delhi today. “The Cauvery Water Management Board is to be […]
Heritage foods Ltd, one of the largest private sector dairy enterprises in Southern India, said it has finished the commissioning of the 2nd wind power plant at Vajrakarur of Ananthapur District in Andhra Pradesh. The wind power plant has a 2.1 MW capacity and is expected to generate 5 million units per year. At Rs […]
The Ministry of Commerce & Industry said it has received approval from the Cabinet Committee on Economic Affairs for initiating the process of winding up of Hindustan Diamond Company Private Limited (HDCPL) a 50:50 joint venture of the Government of India and De Beers Centenary Mauritius Limited. The winding up of HDCPL is not likely […]
V- Guard Industries Ltd, which focuses largely on motors and electric parts, amended its company documents to enter the home and kitchen appliances market along with the existing product categories. The company was founded in 1977 by Kochouseph Chittilappilly as a small voltage stabilizer manufacturing unit. It later expanded to other rotating instruments such pumps, fans […]
