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Community Bank, Bangladesh Goes Live on Infosys Finacle Banking Platform in 48 Days
09 Mar

Community Bank, Bangladesh Goes Live on Infosys Finacle Banking Platform in 48 Days

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Community Bank, among the newest scheduled banks in Bangladesh, and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking Solution at the bank, in just 48 days. With the new banking platform, Community Bank is well placed to provide a truly digital banking experience to its retail and corporate customers. Among multiple benefits, the modern platform enables the bank to launch new products within a fraction of time, offer a differentiated customer experience and empower the bank to grow rapidly. Highlights: The bank is now enabled for massive…
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The Mining industry has the potential to contribute 6-7% to National GDP
07 Mar

The Mining industry has the potential to contribute 6-7% to National GDP

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The Mining industry has the potential to contribute 6-7% to National GDP but due to various reasons, the contribution has remained limited to two percent. The recent amendment in the MMDR Act has brought in reforms and transparency in the mining industry in India.  However, for a sustained high growth trajectory, acceleration in the approval processes, creation of conducive fiscal regime, enabling policy framework for promoting exploration and providing proper focus on the mining technology aspects are needed. While there has been private sector participation in mining, the government through its various public-sector companies continues to be the largest participant…
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Tata Motors completes delivery of India’s first LNG bus order
04 Mar

Tata Motors completes delivery of India’s first LNG bus order

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 Committed to providing sustainable transport solutions, Tata Motors, India’s largest commercial vehicle manufacturer,completes delivery ofthe country’s first Liquefied Natural Gas (LNG)-powered bus order. Two units of 36-seater Starbus LNG ACmodels were delivered to LNG Petronet Limited in Dahej, Gujarat and two units in Kochi, Kerala. Tata Motors indigenously developed and delivered the LNG buses in the stipulated timeframe. The conclusion of the order and country’s first LNG bus project was celebrated withan event held recentlyat the Kochi LNG terminal. The occasion was graced by Hon’ble Minister of Transport, Govt. of Kerala, Shri A K Saseendranalong with eminent dignitaries from Tata Motors and Petronet…
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Mukesh Ambani Named World’s Ninth Richest, With 2 Others
29 Feb

Mukesh Ambani Named World’s Ninth Richest, With 2 Others

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Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.Mr Ambani, 62, maintained a place in the top 10 for the second time after a $13 billion or 24 per cent surge in his wealth to $67 billion."The only Asian in the Top 10, Mr Ambani's wealth increased mainly on the back of a good performance in his telecom business," the Hurun Rich List said.
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Australian Resources Delegation explores opportunities in Eastern India
27 Feb

Australian Resources Delegation explores opportunities in Eastern India

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A 16 member Australian Resources delegation is currently in Kolkata as a part of Australia-India Business Exchange 2020 (AIB-X). The delegation is exploring collaboration opportunities with the Indian mining industry in Eastern India. Panel Discussion on India’s Mining Industry Coinciding with the visit of the Australian Resources delegation, a panel discussion titled “India’s mining industry – Targets, Reforms and Roadmaps” was organised in Kolkata today by the Australian Trade and Investment Commission (Austrade), Australian Government. The panel included business leaders from Indian industry associations, steel majors and other infrastructure experts, discussed the current scenario of the mining industry, national production…
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With new line-up of inverter, On-Off split, Wind-Free and a larger line-up of copper condenser ACs, Samsung is targeting 2X growth
26 Feb

With new line-up of inverter, On-Off split, Wind-Free and a larger line-up of copper condenser ACs, Samsung is targeting 2X growth

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Samsung, India’s largest and most trusted consumer electronics and smartphones brand, today launched its new 2020 air conditioners line-up in West Bengal, introducing models across segments and at very competitive price points, thereby becoming a full range player in the AC category. With this new line-up Samsung is aiming to double its AC business in West Bengal. The new line-up of 41 models, aesthetically designed and priced to suit every home, comes with attractive floral patterns and premium strip design. Samsung has also expanded its copper condenser range to 32 models to match customer demand across the country, in each…
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Facebook Invests In Indian Education Startup Unacademy
25 Feb

Facebook Invests In Indian Education Startup Unacademy

editor0 CommentsBusiness, Technology
Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.This is the second investment by the social networking giant in India. Last year, Facebook made its first minority investment in a local startup called Meesho, a social-commerce venture empowering first-time entrepreneurs, especially women in small towns."We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise…
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Increase In Public Float To 35% May See Action Next Fiscal
25 Feb

Increase In Public Float To 35% May See Action Next Fiscal

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With the 2019-20 fiscal coming to an end soon, the Budget proposal to consider raising the public float in listed companies to 35 per cent may see some action in the next financial year, officials said on Tuesday.It needs examination of impacts and trends, and also seek stakeholders' views that takes time, they said, adding that there could be action on this front in the next fiscal.Market regulator SEBI has to submit a report to the Finance Ministry on the current Budget proposal to consider raising the current threshold of 25 per cent to 35 per cent.
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Rupee Settles 13 Paise Higher At 71.85 On Easing Crude Prices, Weak Dollar
25 Feb

Rupee Settles 13 Paise Higher At 71.85 On Easing Crude Prices, Weak Dollar

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The rupee recovered 13 paise to close at 71.85 against the US dollar on Tuesday, provisional market data suggests, amid easing crude oil prices and weakening of the dollar in overseas market.Forex traders said that weak dollar and easing crude oil prices supported the rupee, but losses in domestic stocks and foreign fund outflows weighed on the domestic currency and limited its upmove.At the interbank foreign exchange market, the rupee had opened on a positive note at 71.84, and touched a high of 71.78 and low of 71.90 during the day.The rupee cut short its three-day losing run, with today's…
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