बिजनेस

22 January 2019 – Jaipur: BSE’s India International Exchange IFSC Ltd. (“INDIA INX”) welcomes State Bank of India’s (SBI) USD 1.25 billion bonds issuance for listing on its Global Securities Market (“GSM”), India’s first and leading capital raising platform for international investors in any currency, located at the Gujarat International Finance Tec-City (“GIFT City”) IFSC. The listing ceremony for the …

Jaipur, Jan 22  January 2019: After markets like China and the UK, Indian hospitality chain OYO is looking at further expanding its international footprint with its foray into the Philippines, according to sources. The SoftBank-backed company, which ventured into international markets in 2016, already has a presence in the UK, the UAE, China, Indonesia, Malaysia, and Nepal. OYO has already …

Jaipur 22 January 2019: ICICI Bank today announced the launch of a new range of premium savings account. Christened, ‘The One’, it is available for upwardly-mobile salaried and self-employed men who strive to achieve their goals and lead an aspirational lifestyle with a host of benefits. The savings account also offers a bouquet of benefits for his family’s long-term financial …

  “We are expecting an uptick in discretionary consumable spends due to the expected move of increasing the tax exemption slab to Rs.5 Lakhs. This will augment disposable income and contribute to enhanced spending in items like gold and jewellery and other consumable sectors. If implemented it will infuse much cheer for all consumer facing businesses.”   Mr. T S …

Jaipur, January 22, 2019 – Samsung, the world leader in advanced semiconductor technology, today announced its latest Exynos 7 Series 7904, a mobile processor with enhanced multimedia support that allows high-end features in mid-range smartphones. Customized for India, the cost effective processor is optimized to deliver high-end multimedia capabilities in the mid-range smartphones. Exynos 7904 delivers fast octa-core performance required for …

Jaipur, January 22, 2019: LIC completed acquisition of 51% controlling stake in IDBI Bank today on 21st January 2019, making it the majority shareholder of the bank. The deal, conceptualized in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders, customers & employees of both entities …

Jaipur, January 22, 2019: AdvantEdge Founders, an early stage consumer technology venture capital fund today announced the launch of AdvantEdge Founders Fund II – a Mobility First Transformation Fund based in India. The fund is poised to target the massive mobility opportunities available in the Indian Start-up ecosystem with the aim of creating future “Indicorns” or thousand crore rupee companies. …

Jaipur, January 22, 2019: TVS Motor Company reported a revenue growth of 26.0% for the third quarter of FY 2018-19.  Total revenue grew to Rs. 4664.6 Crores in the current quarter of 2018-19 from Rs. 3703.1 Crores in the quarter ended December 2017. EBITDA for the quarter ended December 2018 is Rs. 375.7 Crores compared to Rs. 300.5 Crores for …

Jaipur,22 January 2019: Owing to the ongoing Kumbh Mela, our bookings in Allahabad have increased manifold. Interestingly, so far, the most amount of bookings we have received are from Lucknow (51%) followed by Kanpur (16%) followed by the others. Following the increasing demand, we have diversified our stay options for the devotees which include 600-800 tents. These tents are located …

Jaipur, January 18, 2019:  Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India (GOI), extended a Line of Credit [LOC] OF USD 200 million for housing and social infrastructure projects to Government of the Republic of Uzbekistan. The LOC Agreement to this effect was signed between Mr. Sukhrob Rustamovich Kholmuradov, Hon’ble Deputy Prime Minister of …