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Showing posts with the label Business News

Corporate Events - Business News This Week

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There are many events are being organised around us, but we hardly do give any importance considering those belong to companies. In fact, those also help building society.  So we decided to feature corporate events of companies on our portals. CSR Policies of a company can change society. We have listed photos of the following events with captions. Paras Hospitals organises Mini Marathon on World Heart Day Mrs. Salma Ansari Launches Arushi Group in Saharanpur ATDC inks MoU with Andhra Pradesh State Skill Development Corporation Minister Thaawarchand Gehlot inaugurates ISSICON 2015 JD Institute celebrates World Elder’s Day Metropolis Healthcare wins ‘Diagnostic Services Company of the Year’ Award THE NORTHCAP UNIVERSITY celebrates freshers party Mrs. Salma Ansari Launches Arushi Group

SpiceJet spices up Air Travel with “Red Hot Offers”

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SpiceJet, the country’s favourite low-cost carrier, has teamed up with popular retailers such as Kingdom of Dreams, O2, Archies, Thyrocare, Babyoye, Mom & Me, and Ferns N Petals to offer special discounts ranging from 15% upto 70% to SpiceJet passengers for purchase of products such as kids apparel, gifts and collectibles, health care, footwear, entertainment, and hospitality sectors.  Customers can obtain their discounts simply by producing their SpiceJet boarding pass at these retail outlets, or by using a promo code for online shopping. The promo code will be sent to the registered email ID upon the completion of travel.  The offer is applicable on bookings made on www.spicejet.com, through SpiceJet’s mobile app, airport ticketing counter and SpiceJet call centre. Offers are valid within six months of the issuance of boarding card for all offline redemption. For all online redemptions offers are valid with six months of the booking made. Discounts can be o...

Tata Power ramps up CSR Programs

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Tata Power, India's largest integrated power company, has always undertaken various initiatives with an aim to improve the quality of life, and ensure holistic development of its surrounding communities. The strategic approach ensured focus on sustainable long term programs across all locations while also looking into location specific needs as well. The company brought in further robustness to systems and processes to align to the intended outcomes, thus benefitting more than 250 villages across 7 states in FY15 through community development initiatives. The Tata Power Community Development Trust acts as development vehicle for driving these initiatives. At present, the CSR outreach covers half a million people through various initiatives in education, health, livelihood, social capital, and nurturing sustainability. The total CSR spend of the Company in FY15 stood at Rs. 31.1 crore as against the required 2 per cent (Rs. 29.8 crore) as per the Companies Act. In addition to ...

Adani to invest Rs.25000 Cr in Two Projects in Chhattisgarh

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Adani Group, a global integrated player, today signed a MOU with the Government of Chhattisgarh to develop two critical projects in the state. The project cost for both the projects is estimated to be around INR 25, 200 crore. The MOU was signed in the presence of Mr. Raman Singh, Hon’able Chief Minister, Chhattisgarh, Mr. Amar Agrawal, Hon’able Minister of Industry, Mr.Vivek Dhandh, Chief Secretary of State and Mr. Rajesh Adani, Managing Director, Adani Enterprises Ltd. The two projects comprise of a Coal to Poly‐generation (CTP) Project and a Rice Bran Solvent Extraction Plant &; Refinery. The MOU was signed by Mr. Subodh Kumar Singh, Secretary-Industries of the State and Mr. Rajesh Jha and Mr. KS Varshney from the Adani Group. Speaking on the development Mr. Gautam Adani, Chairman, Adani Group, said, “The Adani Group remains committed to helping India on its path to attaining energy sufficiency. These projects will help the state of Chhattisgarh strengthen its overall socio...

Honeywell Showcases Technology Innovations for Process Industries

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Honeywell (NYSE:HON) Process Solutions (HPS) will showcase the latest developments in automation and process control at the Honeywell India Users Summit, Aug. 24 and 25 in Mumbai. More than 170 representatives from across process automation industries will attend the annual event.  The summit will focus on issues facing manufacturers in India, including the changing economic environment, increasing connectivity and the need for real-time insights that can improve operations. Attendees to the event represent critical industries such as refining, petrochemicals, oil and gas, chemicals, power, and minerals and metals.  HPS will showcase next-generation technologies for digital transformation, the Industrial Internet of Things (IIoT), and best-practices in process control and automation that can help manufacturers improve business performance . “According to recent research by Accenture, the IIoT could contribute US$14.2 trillion to world output by 2030. India has immense ...

UBM Index Fairs launches India Kitchen & Bath 2015

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UBM Index Fairs, host of the flagship show, Index today launched its pioneer exhibition for the kitchen and bath industry, India Kitchen & Bath 2015 (21-23 August at Pragati Maidan, New Delhi). The show was inaugurated by eminent industry designers and dignitaries like Ar. Karan Grover; Pratap Jadhav, President, Institute of Indian Interior Designers (IIID); Mohan Deshpande, Chairman, Hospitality Purchasing Managers Forum and celebrity Master Chef Ranveer Brar. Supported by the Institute of Indian Interior Designers (IIID), All India Hardware Association and Hospitality Purchasing Managers Forum , the three-day trade fair brought together buyers and traders in kitchen and bath equipment, OEM white goods, accessories, kitchen and bath furniture and fittings, lighting products with architects, interior designers, builders, project managers , consultants, procurement heads across the hospitality, corporate and government sectors. Renowned companies such as Porcelanosa, Queo, A...

YES BANK Art Bengaluru 2015

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The Collection - UB City and Sublime Galleria in association with the Prestige Group is gearing up for 'YES BANK Art Bengaluru 2015'. One of India's most reputed art festivals, the 6th Edition of 'Art Bengaluru' aims to go beyond the canvas, celebrating art in its myriad forms. Uzma Irfan - Conceptualizer and Organizer,'Art Bengaluru' said, "The Indian art market currently has both good quality and discerning buyers. Globally, art is also increasingly becoming an alternate investment option. In this year's edition of 'Art Bengaluru', we have attempted to bring together distinguished artists from across the globe, thus giving people an opportunity to experience, under one roof, the multitude of art forms available. This festival is not just for the art aficionados and collectors. We hope to promote the various art forms and create a greater understanding of art in the city with this initiative. We also encourage schools to bring in their ...

Air China to commence Beijing-Mumbai Nonstop

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Air China will commence Beijing-Mumbai nonstop service on October 25, 2015. As the forthcoming only service from Mainland China to Mumbai, it will spare passengers departing from Beijing for Mumbai the trouble of having to make a detour by transferring in Hong Kong, Singapore and Bangkok and make it much easier to get to the "Gate of India". The one-way flight takes about seven hours. As India's largest seaport and an important hub of transportation, Mumbai has earned its reputation as the "Gateway in the West" of India. As India's center of commerce and entertainment, Mumbai is India's response to Manhattan, is home to Bollywood and boasts myriad World Heritage sites like the grottos on Elephant Island. Along the indented coast of the Mumbai Bay is a mixture of traditional and modern buildings, which, like a string of glimmering pearls, make the "Princess of India" even more charming. As two BRICS countries, China and India have long had ...

SpiceJet adds New Flights

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SpiceJet, the country’s favourite low-cost carrier, has launched more new flights to its schedule effective from 15th October, 2015. Amongst the new flights are the first ever direct flights between Varanasi and both Mumbai and Hyderabad, going onwards from Hyderabad to Bengaluru. SpiceJet has also introduced daily flights between Agartala and Chennai via Kolkata, and has increased frequencies on its daily flights between Hyderabad and Bengaluru, Delhi and Agartala (second flight added), Delhi and Kolkata (third flight added), Agartala and Kolkata (second flight added), Kolkata and Chennai (second flight added), Hyderabad and Mumbai (third flight added), and Hyderabad and Bengaluru (third flight added). SpiceJet will deploy two new aircraft to operate the new flights. Shilpa Bhatia, Sr. VP and Head of Sales and Distribution, SpiceJet, said, “These new flights and frequencies signal the continuing rebound of SpiceJet. We offer the lowest fares and fly the fullest aircraft in India,...

Bharti Airtel and Uber announce Strategic Partnership

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Mumbai, Aug 20: Bharti Airtel Limited (“Airtel”), the third largest mobile services provider globally with operations in 20 countries across Asia and Africa, and Uber today announced a first-of-its-kind strategic partnership in India. As part of this partnership, Uber riders across India can now pay for their trips using Airtel’s mobile wallet service - Airtel Money. Additionally, Mumbaikars will now be the first in India to enjoy free high-speed internet from Uber, powered by Airtel 4G. This service will soon be rolled out for Uber riders pan India. “Our partnership with Uber is directly in line with our commitment to offer innovative and relevant services for our customers. Now, Uber riders can enjoy the convenience of paying through their Airtel Money wallets, while also experiencing the power of blazing internet speeds with Airtel 4G on the move. We are excited that Uber has chosen Airtel to fulfill its telecom needs, and look forward to supporting the company’s rapid growth ac...

BSE Institute Ltd. signs MOU with Tolani College of Commerce

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Mumbai, India, Aug 20: BSE Institute Ltd. today signed a Memorandum of Understanding (MoU) with Tolani College of Commerce, one of the premier colleges in Mumbai, to set up a Financial Literacy Mission Centre in their campus located at Andheri. This Financial Literacy Mission Centre will offer various courses to students in the field of Finance and Financial Markets. These newly launched courses will include BSE Institute’s inimitable Global Financial Markets Professional (GFMP) program. On successful completion of the 12th grade, students willing to build a career in the field of banking and financial services can apply for this course with BSE Institute. Apart from providing coaching to enrolled students under certified faculties, BSE Institute will also help these students by providing hands-on assistance for internship and final placement. Speaking on the occasion, Vinod Nair, Head Academics and Product Development at BSE Institute said, “Financial managers cannot operate in a...

SpiceJet launches the ‘Freedom to Fly’ Sale

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Gurgaon, India, Aug, 20: SpiceJet, the country’s favourite low-cost carrier, today announced the launch of its ‘ Freedom to Fly’ sale, putting more than 1,00,000 seats on offer with one way fares starting as low as Rs. 799/- (excluding taxes). An additional 10% percent discount will be available for those booking through SpiceJet’s mobile app on Apples iOS and Android. The one-way fare for this sale ranges from Rs. 799/- to Rs. 2,699/- and covers popular destinations such as Delhi, Mumbai, Goa, Bengaluru, Srinagar, and many more. The lowest fare of Rs. 799 is available on routes such as Delhi-Chandigarh, Mumbai-Goa, Bengaluru-Kochi, Madurai-Chennai, Jammu-Srinagar, Kolkata-Agartala and many more. The three day sale starts from 20th August 2015 and will remain open till midnight, 22nd August 2015. The travel period covered in this sale is 25th August 2015 to 26th March 2016 . The sale is valid only for direct flights within SpiceJet’s domestic network. Shilpa Bhatia, Sr. VP and ...

ICICIdirect launches ‘Insta Account'

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Mumbai, India, Aug 20: ICICI Securities, India's largest online investment service provider, today announced the launch of ‘Insta Account’, a completely online and paperless investment account. A Resident Indian who is KYC compliant as stipulated by SEBI can open an Insta Account on www.icicidirect.com to invest in Indian Mutual Funds. The investor has the freedom to use any of their existing internet banking account. With the Insta Account, investors also get the opportunity to explore and experience the range of benefits offered by ICICIdirect to its existing customers. ICICI Securities has made the account opening formalities convenient by streamlining the process with the existing KYC formalities, thus eliminating the inconvenience and lengthy process of filing and submitting paper documents. There are no charges to open an Insta Account on www.icicidirect.com Launching the new account, Mr. Vineet Arora, Executive Vice President ICICI Securities “Today internet and smartp...

IIT Alumni Industry Interaction Centre-news

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New Delhi, India, Aug 20: The IIT Alumni Industry Interaction Center (AIIC), a pan IIT initiative (across all 16 IITs), today held the inaugural puja for its ‘Hub in the Sky’ facility at the IIT Madras Research Park in the presence of Prof. Bhaskar Ramamurthi, Director IIT Madras, Prof. Ashok Jhunjhunwala, Head, IITM Research Park, Dr R Nagarajan, Dean Alumni and International Affairs along with faculty, invitees and other alumni who graced the occasion to support the Industry Interaction Centre initiative Mr. Suresh Kalpathi (Kalpathi Investments), President IIT AIIC thanked the governing council that includes Prof Bhaskar Ramamurthi, Mr. Arjun Malhotra, Mr. M.S.Ananth, Prof Ashok Jhunjhunwala, Mr. Kris Gopalakrishnan and Dr R Nagarajan amongst others for their guidance and support. As a step closer to achieving the PM's 7 point focus Charter for IITs, a part of its vision to project India as a brand worldwide, AIIC, at the function, declared collaboration of the academia with...

SBI organizes 2nd ‘Banking & Economics Conclave’ 2015

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Mumbai, India, Aug 20: State Bank of India (SBI) today successfully concluded the 2nd SBI Banking & Economics Conclave 2015. This Conclave was organized with an intention to stimulate debate and critical thinking on various topic related to banking industry in India. The Conclave was inaugurated by Hon. Minister of Finance Shri Arun Jaitley and Minister of State, Finance Mr Jayant Sinha. The Conclave was graced by dignitaries from a wide spectrum of business activity like banking, financial institutions, corporate, law and Government. The high and mighty of Indian corporate - Mr. Baba Kalyani, Ms Kiran M Shaw, Ms Chanda Kochhar; Justice (Retd.) A K Ganguly from judiciary, Mr. Amitabh Kant, Secretary, DIPP and others graced the occasion on Second day. Chairman SBI in her opening  session with RBI Governor, Dr Raghuram Rajan discussed various issues like payment banks, state of the economy, etc. The Governor in turn emphasized on project evaluation and structuring by banks, i...

Chief Minister of Haryana addresses Business Leaders in US

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August 20, 2015 – Washington DC- Today a group of U.S. industry executives from the U.S.- India Business Council (USIBC) met with the Chief Minister of Haryana, Mr. Manohar Lal for a discussion about investment opportunities in the state of Haryana. Chief Minister Manohar Lal engaged with senior business executives on important topics that have dominated the bilateral commercial relationship in recent months and addressed areas such as Haryana’s comparative edge as an investment destination and regulatory reform measures that have been undertaken by the government to promote ease of doing business in the state through its New Enterprise Promotion Policy 2015, Happening Haryana. Emphasizing investment opportunities in Haryana, Chief Minister Manohar Lal said, “We strive to attract both international and domestic business in to the state of Haryana. To achieve this end, I am proud of the reform efforts that have gone in to making public services more efficient— land registration is...

Tata Opportunities Fund invests in Uber Technologies Inc.

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Uber and Tata Opportunities Fund (TOF), the flagship private equity fund advised by Tata Capital, today announced that TOF will make a significant investment in Uber, the first such investment made by TOF in a global company with headquarters outside India and underscores the confidence in Uber. The partnership is a milestone for both entities and will help Uber expand its services and solutions in India by leveraging the Tata Opportunities Fund’s network within the wider Tata Group as well as externally. Uber launched in India less than two years ago. Today, the service is available in 18 Indian cities* -- more than in any other country outside the United States. With its current base of over 150,000 driver entrepreneurs and continued robust 40 percent month on month growth, Uber has quickly gained a significant market share in India of over 35 percent. Padmanabh (Paddy) Sinha, Managing Partner of TOF’s advisory team in India, said: “The Tata Opportunities Fund is delighted to s...

Fairfax India Holdings Corporation acquires NCML

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Fairfax India Holdings Corporation , through its wholly-owned subsidiary FIH Mauritius Investments Ltd, today completed its acquisition of majority ownership interest and management control in National Collateral Management Services Limited (NCML) by subscribing newly issued shares of NCML (approximately $31 million) and purchasing the shares of certain selling shareholders (approximately $95 million), for an aggregate investment of approximately INR 8 billion (approximately $126 million). NCML is the country’s leading private-sector agriculture storage company in India that is preparing to expand to take advantage of the significant market potential in India’s under-developed agricultural storage industry. NCML operates in the mid-stream agriculture value chain offering end-to-end solutions in procurement, testing, storage and collateral management in a wide ranging set of agri-commodities. “We look forward to NCML, under the leadership of Sanjay Kaul and his management team, con...