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DOHA BANK WON THE “BEST BANK GOVERNANCE – QATAR 2017 ” Doha Bank won the “Best Bank Governance – Qatar 2017” at Capital Finance International (CFI) co Awards 2017 in Second week of May 2017 at London.In recognition of the award, Dr. R. Seetharaman Doha Bank CEO said “The Best Bank Governance award is a recognition for Doha Bank Board for its active involvement in promoting excellence in Corporat..
 
BEC Opens Doors to Sixth Branch in Mahboula Kuwait City, 14 May 2017:Bahrain Exchange Company W.L.L. (BEC), one of Kuwait’s leading worldwide money transfer and foreign exchange companies, has announced today the opening of its 41st retail outlet in Mahboula. Situated behind Alia Hospital, the new branch is BEC’s sixth in the most populated residential area in Kuwait. Open from Saturday to Friday, 9am – 9pm the..
 
DOHA BANK WINS “BEST REGIONAL COMMERCIAL BANK” AT BANKER AWARDS 2017 Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017.The awards were presented in Dubai on 11th May 2017 at Emirates Tower Hotel, Dubai. Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank and said“To be recognised as the..
 
UAE Exchange Kuwait and Instant Cash conducts Corporate Meet Kuwait’s Leading Remittance House, UAE Exchange Kuwait, and World’s Fastest and dependable Money Transferor, Instant Cash has conducted their First Corporate Meet at INN & GO Kuwait Plaza Hotel. Instant Cash CEO Mr. Philp C Daniel, Marketing Manager Mrs. Anjali Menon and Assistant Business Development Manager Mr. Binoy S Skariah were present at th..
 
DOHA BANK HONOURED AT GLOBAL GOOD GOVERNANCE (3G) AWARDS Doha Bank received the “Global Good Governance (3G)Awards 2017”under the category "3G Environmental Responsibility Award 2017" on 24th April 2017at Fair month The Palm, Dubai, UAE. This award ceremony was hosted by Cambridge IFAnalytica. Leaders from Corporate Sector, Social Sector & Philanthropy sectors participated in the Award Ceremony. ..
 
Doha Bank Re-ignites Qatar’s Property Market with New Loan Offer at 3.99% with 12 Months Payment Holiday Doha, April 2nd, November 2017 – Doha Bank announced the launch of its new retail home loan offer which now features an interest rate of 3.99% for the first year. What makes this offer so irresistible is also the 12 months payment holiday offered to customers with a an option to get up to QAR 20,000 to offset the earl..
 
DOHA BANK HONOURED WITH “COMPANY OF THE YEAR AWARD” BY QATAR UNIVERSITY Doha Bank honoured with the “company of the year award” by Qatar University on 20th March 2017. On receiving the Award from Dr. Hassan Rashid Al-Derham, President of Qatar University, Dr. R. Seetharaman, Doha Bank CEO said the award was given for Doha Bank’s contribution to sustainable development in Qatar. He said” Doha Bank..
 
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Doha Bank named ‘Best Trade Finance Bank’ in Qatar at Global Finance Awards 2017 Doha, Qatar – XX February 2017: Doha Bank, one of Qatar’s largest private commercial banks, was named the Best Trade Finance Bank in Qatar at the Global Finance Awards 2017. Awarded by the Global Finance magazine, the annual award is considered one of the most prestigious in the banking and finance world, and recognizes lead..
 
TVS TVS Travels & Tours special offer on Eid Al-Adha holiday packages to Dubai. Price range starting from KWD 77 per person and package includes – Airport Pickup and drop, Desert Safari with Dinner, Dubai City Tour, Accommodation and Tourist Visa. Free Medical Camp held in Farwaniya TVS-STAR Restaurant opens at Fahaheel ..
 
Press Release Doha Bank Recommends the Distribution of 30% of the Paid-up Capital as a Cash Dividend to the Shareholders for the Year 2016 His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced that the Board of Directors (BOD) in its meeting held on 22nd of January, 2017 has approved the draft of the Bank’s audited financial statements f..
 
JET AIRWAYS INTRODUCES WIDE BODY SERVICE ON KEY KUWAIT – MUMBAI ROUTE ~ A330 to allow airline to offer superior guest experience on the sector ~ Kuwait, December 26, 2016:Jet Airways, India's premier full service international airline, will introduce its wide-body Airbus A330 aircraft on the Kuwait–Mumbai route, boosting capacity on the key sector and extending guests, a superior onboard experience. ..
 
UAE Exchange Kuwait ,one of the leading Remittance and Foreign Exchange brands in Kuwait, inaugurated its new branch in Ardiya Cooperative and 23rd branch in Kuwait. The outlet at Ardiya Cooperative was launched in the presence of Mr. Mohammed H Al Muhareb (Managing Partner, UAE Exchange Centre Co WLL, Kuwait) along with, Mr. Jasem Muhammad Jasem Al Obwah (Chairman, Ardiya Cooperative), Mr. Supin James (General Manager..
 
Dawat Seafood Festival Our Executive Chef and his culinary team have recently put together a special SEAFOOD menu just for you to enjoy for the month of October. Dawat Introduces its First SEAFOOD FESTIVAL with exciting dishes that "stimulate the taste buds" and further enhances your dining experience.Don't miss out. Bring your friends along to Dawat Restaurant's "Seafood Festival" A wa..
 
CM Inaugurates Doha Bank Kochi Branch at Lulu Mall Investors conference on “Kerala-Qatar Investment Opportunities“ held as part of the inauguration was attended by major investors from India and GCC Kerala and GCC can synergise their bilateral relationships for long term benefits, says Dr. R. Seetharaman,..
 
Microsoft will acquire LinkedIn for $196 per share in an all-cash deal valued at $26.2 billion, inclusive of LinkedIn’s net cash. Technology giant Microsoft today said it will acquire professional networking platform LinkedIn in an all-cash transaction valued at $26.2 billion. Microsoft will acquire LinkedIn for $196 per share in an all-cash deal valued at $26.2 billion, inclusive of LinkedIn’s net cash, Microso..
 
The Indian Business & Professional Council (IBPC), Kuwait Honors Mr. Hamad Abdulla S. Al-Ateeqi, Chairman of Kuwait India International Exchange At the 13th anniversary function of the Indian Business & Professional Council (IBPC), Kuwait, held at The Regency Hotel, Rumaithiya, Kuwait on Thursday, May 19, 2016, Mr. Hamad Abdulla S. Al-Ateeqi, Chairman of Kuwait India International Exchange Company, wa..
 
JET AIRWAYS CELEBRATES ITS 23RDANNIVERSARY WITH A SALE FOR TRAVEL FROM THE GULF TO SELECT INTERNATIONAL DESTINATIONS DUBAI,May 5, 2016: Jet Airways, India's premier international airline, today, announced atwo day attractive ‘Anniversary Sale’ offer on Premiere and Economy fares, for its guests travelling onGulf routes to select international destinations to commemorate the ..
 
The IMF had said the world economy was in a “fragile conjuncture.” Economists are good at measuring the past but inconsistent at forecasting future events, particularly recessions. That’s because recessions aren’t caused merely by concrete changes in the markets. Beliefs and stories passed on by thousands of individuals are important factors, may be even the main ones, in determining big shifts in the..
 
ONCOST to open 3rd branch in Fahaheel ONCOST Cash & Carry, the first and only Cash and Carry concept in Kuwait will be opening its 3rd store in Fahaheel on 4 May at 5pm. ONCOST Cash and Carry offers customers a carefully selected assortment of products popular with almost everyone in Kuwait as well as the experience of wholesale shopping in a modern environment. Sharing the story behind concept, the CEO of ONCOST, Saleh Al-Tunai..
 
Bentley on Friday introduced its first SUV — Bentayga, in the Indian market with prices starting from Rs 3.85 crore (ex-showroom Delhi). The luxury SUV is powered by a 6 litre turbo charged petrol engine delivering 600 bhp. It can accelerate from 0-60 miles per hour in 4 seconds, while the top speed is 301 kmph. Exclusive Motors, which is the company's dealer in India, said it has already received some bookings for the “..
 
Infosys has become the most "premium valued stock" in the information technology space overtaking its arch rival, TCS. The brokerages have rerated Infosys stock after the company gave strong revenue guidance of 11.8%-13.8% for this fiscal year post its March ending quarterly results, which has reinforced company's aspiration of clocking above market growth. Infosys stock is currently trading at 18.59 times (P/E) to it..
 
Prepaid customers can subscribe to this data pack and share it with other four prepaid subscribers. State-run BSNL today said it will soon implement its data sharing facility for pre-paid customers across the country, which will allow four users to share data among themselves. Currently, the company has introduced a special tariff voucher (STV) for this service in south zone. The STV allows sharing of data among a group o..
 
Star India plans to launch its online streaming platform Hotstar in other countries over the next few months, a senior company executive said today. “This infant service is already becoming a product of habit in the country and now this year, we have set our sights on creating the first global media and entertainment product born out of India, when we take Hotstar to the rest of the world in a few months,” Star India Ch..
 
The government on Tuesday permitted 100 per cent Foreign Direct Investment (FDI) in the market place format of e-commerce retailing in order to attract more foreign investments. As per the guidelines issued by the Department of Industrial Policy and Promotion (DIPP) on FDI in e-commerce, FDI has not been allowed in inventory-based model of e-commerce. At present, global e-tailer giants like Amazon and Ebay are operating online..
 
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Taxi-hailing app Ola expects its newly-launched affordable service ‘Micro’ alone to overtake rival Uber in terms of number of rides in a month’s time. Engaging in a war of words, the Softbank-backed company claimed that Micro, which is available in seven Indian cities, is on track to match the number of total rides of Uber in India within a month. “In three weeks, we have put up a category (Ola Micro) ..
 
NEW FLAT FOR SALE AT CHENNAI READY TO OCCUPY New 2 BHK flat for sale 985 Sq. feet At tower 3,14th Floor, Temple Green, Oragadam, Chennai Semi Furnished with Modular Kitchen Builder – ARUN EXCELLO Only serious buyer Contact Mr. Durairaj at 97918304/ 67035222 ==================================..
 
Country’s largest private sector lender ICICI Bank today said it has tied up with marquee sports car maker Ferrari to launch co-branded credit card. “The ‘Ferrari Credit Card’ comes in two variants on the Visa platform and offers customers a host of offers including an all-expenses-paid trip for top spenders to Italy and also includes a Scuderia Ferrari watch as a joining gift,” the bank said in a s..
 
Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per cent service charge on purchase of luxury cars over Rs..
 
The spread of Zika virus in many countries has forced Tata Motors to change the name of its newly developed but yet-to-be-introduced hatchback Zica. Anticipating adverse publicity and negative effect on this car, which has been developed to help in the turnaround for the company, Tata Motors said it would rename Zica, which is derived from “Zippy Car”. “Empathising with the hardships being caused b..
 
When it becomes a prototype for commercial use it can break into the billion-dollar sector An invention by Bengaluru-based scientists at IISc is all set to make inroads into the billion-dollar nanoelectronics industry. This is disruptive because the technology can drastically reduce the cost of the existing state-of-the-art e-beam lithography and optical lithography. This invention is a new way to etch thin lines on a substrate u..
 
Like consumers around the globe, Indians are flocking to the online marketplace in droves these days. But there’s one unusual item flying off the virtual shelves: Online retailers say cow dung patties are selling like hot cakes. The patties – cow poop mixed with hay and dried in the sun, made mainly by women in rural areas and used to fuel fires – have long been available in India’s villages. But online retailers inclu..
 
The CBDT has developed a new easy to use software after taxpayers complained of problems in filing I-T returns with digital signatures. Taxpayers had recently reported that they faced issues in using the Digital Signature Certificate at the time of uploading their Income Tax Returns. “This is because the latest browser versions have started disabling the standard way in which they support plug-in functions to add..
 
The global supply and demand tables are still showing a heavy picture for the first half of 2016 Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014. U.S. crude was trading above global benchmark Brent, having earlier in December risen to a premium for the first time in about a year following the..
 
This was a year in which smartphones started becoming cheaper, more powerful and were finally able to add the battery power that users wanted. While the focus was all on smartphones, the gadget everyone is interested in, in the first IndianExpress.com tech awards we will also look back at the other gadgets that impressed us. For now, here’s our list of top smartphones for 2015. Best smartphone: Apple iPhone 6s Plus Why: ..
 
To speed up customer acquisition, state-owned telecom firm BSNL has slashed mobile rates by up to 80 per cent for the first two months under a scheme for new customers. “BSNL has revamped its infrastructure now. We have decided to cut mobile call rates by up to 80 per cent for new customer so that they get experience of our revamped services,” BSNL Chairman and Managing Director Anupam Shrivastava told PTI. The cal..
 
Milan-listed Pininfarina has designed cars for Ferrari, Maserati, Rolls-Royce and Cadillac. Mahindra & Mahindra is close to signing a deal to buy Italian car designer Pininfarina, two sources with direct knowledge of the matter said on Friday, the latest purchase of an iconic Italian brand by an Asian company. The terms of the deal have been agreed by both parties after months of talks and an announcement could come as soo..
 
The government is planning to ban imports of 24-carat gold jewellery in an attempt to curb the misuse of free trade agreements (FTAs) with Asian countries, the DNA newspaper reported. The world's second biggest gold consumer raised the import duty on the metal to 10 per cent in 2013 to curb demand but that has boosted smuggling and prompted some importers to use India's FTAs with the Association of Southeast Asian..
 
Vodafone India on Tuesday entered the 4G services arena, starting with Kochi, as it looks to take on market leader Bharti Airtel and the upcoming launch by Reliance Jio Infocomm. The country’s second largest mobile operator will shortly launch the services in Trivandrum and Calicut. While, it plans to launch 4G in Mumbai, Delhi, Bengaluru and Kolkata by March next year. Testing of 4G services in these locat..
 
India's economic growth picked up in the July-September quarter, outpacing China on improving domestic demand and manufacturing activity, which could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting. The Reserve Bank of India is expected to keep interest rates steady after a sharper-than-expected 50 basis point cut at its last meeting, as it looks to control price rises ahead of..
 
At present, the basket of currencies that make up the IMF’s Special Drawing Right include the dollar, euro, yen, and pound sterling. The Executive Board of the International Monetary Fund on Monday decided to include the Chinese currency, the renminbi (yuan), into its basket of currencies that make up the IMF’s Special Drawing Right (SDR). The decision was taken during the IMF’s five-yearly review of the basket of c..
 
Technology giant Microsoft on Monday launched two new flagship devices — Lumia 950 and Lumia 950 XL — priced Rs. 43,699 onwards that will be based on its latest Windows 10 operating system (OS). In July, Microsoft had unveiled Windows 10 for computers and tablets. Packed with new features like Cortana and Microsoft Edge, the new OS is an attempt from Microsoft to lure back consumers who gave up on Windows for mobil..
 
Since investment is subject to individual needs and requirements, there can’t be a single approach; rather, there should be many roads leading to a single goal. Ever wondered if there is a way to guarantee success through investments? Which is the best asset class or asset mix to have? Investing is a systematic approach towards creating wealth, if practised on a regular basis. The approach doesn’t stop here; the money inve..
 
Finance Ministry should consider reduction of duty on gold imports as it would help boosting exports of gems and jewellery sector, Commerce and Industry Minister Nirmala Sitharaman has said. “That I am saying since day one because gems and jewellery sector has been very badly affected. So we have been telling the Finance Minister if it is possible to free that.” Sitharaman said when asked whether the ministry has propos..
 
Mark Zuckerberg today through a Facebook post announced that all Reliance subscribers across India can now access free Internet, for limited basic services, via Facebook’s Free Basics. In October last year, Facebook had launched Internet.org to provide basic Internet services for free of cost to Reliance customers in six Indian states- Tamil Nadu, Mahararashtra, Andhra Pradesh, Gujarat, Kerala, and Telangana. With this announcement..
 
Government will continue to pursue its Rs 640-crore class action suit filed in NCDRC against Nestle India, although the company's instant noodles Maggi has returned to the market after the Bombay High Court lifted the ban imposed by food safety regulator FSSAI. The Department of Consumer Affairs had filed a suit against Nestle India in August seeking damages for alleged unfair trade practices, fals..
 
The number of Internet users in India is expected to touch 402 million by December, a 49 per cent jump over last year, making India home to the second largest online user base after China, according to a report released by Internet and Mobile Association of India (IAMAI) and IMRB International. India, which currently has the third largest Internet user base in the world after China and the U.S., had about 375 million Internet user..
 
In fresh trouble for Nestle India Ltd, food regulator FSSAI today moved the Supreme Court against the Bombay High Court order lifting the ban on Maggi noodles in the country. Food Safety and Standards Authority of India (FSSAI) approached the apex court, terming the High Court's August 13 order as "erroneous" and questioned the sanctity of the samples provided for re-test to governm..
 
Facebook, the 11-year-old social media company founded by Mark Zuckerberg in his Harvard dorm room, surpassed the $300-billion mark in market capitalisation, overtaking General Electric (GE) along the way. Facebook became the seventh most valuable firm in the U.S. on Friday, with market capitalisation touching $303 billion and joined Alphabet, Apple, Microsoft and Amazon among the top 10 ranks. $896-million profit The surge..
 
Air India Express is expecting to earn Rs 50 crores each year by increasing just three seats in each carrier. Currently, the firm offers 186 seats each in 17 Boeing 737-800 planes. It is planning to increase this to 189 each. The carrier is to do away with the coat closet in the front of the plane and accommodate three more passengers there. The closet is rarely used in the economy-class carrier. The carrier ..
 
Social media networking platform Facebook on Friday launched a new feature called Slideshow for doing business using its platform. The new feature is a lightweight video advertisement made from a series of still images, which is easy for advertisers to use and is engaging for people, the company said in a blog post. "As people continue to connect to Facebook using differ..
 
A wallet is a purse in which we can keep our cards, money and other important documents. While the wallet is a convenient place to keep all things in one place, it also allows one to lose all important documents at one go. However, the digital wallet is one such service that offers much more than a digital wallet and is secure too. An encryption software app, digital wallets help you keep documents safe and also transact with money. The ..
 
India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tonnes, a survey said. China is trailing by just 63 tonnes at total consumption of 579 tonnes in the first nine months, according to GFMS Gold Survey Q3 2015 Review and Outlook. In India, jewellery consumption increased by 5 per cent year-on-year to an estimated 193 tonnes in Q..
 
TAAL Restaurant's new branch at Avenues Mall Inagurated &n..
 
HCL Technologies will buy Swedish commercial vehicles major Volvo Group’s external IT business for USD 138 million (around Rs 895 crore) in an all cash deal. Volvo Group will also outsource its IT infrastructure operations to HCL Technologies for an undisclosed contract value for five years. The Volvo Group and HCL have signed a Letter of Intent, awaiting the signing of the final contract, Volvo Group said in a state..
 
While metros like Bengaluru, Delhi and Mumbai led in terms of the sales, the e-commerce firm said it saw a huge surge of interest from tier II cities. E-commerce major Flipkart on Wednesday said it has sold half a million mobile handsets within 10 hours as part of its The Big Billion Days sale. “This sets a record for the highest number of mobile phones sold in India in a short period of ten hours in any platform, either on..
 
It is this time of the year when iPhone mania grips urban and semi-urban India. And this year, it’s even more intense as the fan following of iPhones has only grown. Like millions of fans of Apple Inc. products across the globe, a small but growing number of Indians are eagerly waiting for the midnight of October 15 and early morning of October 16, 2015, when iPhone 6s and iPhone 6s Plus models will debut in India. ..
 
For the first time in 8 years, India’s fiscal balance turned from deficit to surplus in the month of August, the latest data from the Controller-General of Accounts (CGA) show. The fiscal deficit, the excess of the Centre’s expenditure over its revenues, was (-) Rs. 15,808 crore in August. The negative figure indicates surplus of revenues over expenditure. In contrast, the Centre ran up a fiscal deficit of Rs. ..
 
Kalyan Jewellers - Shop and Win BENTLEY ***************************************************** ..
 
Emergence of buying by jewellers and retailers to meet rising seasonal demand amid a firming trend overseas. After falling for two days, gold recovered Rs. 100 to Rs. 26,700 per 10 grams at the bullion market on Saturday on emergence of buying by jewellers and retailers to meet rising seasonal demand amid a firming trend overseas. However, silver eased by Rs. 75 to Rs. 36,725 per kg due to reduced offtake by industrial units and ..
 
The gold bond and gold monetisation schemes of the central government will be launched next month. Though tax revenue will fall by at least Rs 50,000 crore this year, economic growth will be more than 7.5 per cent, said Union Finance Secretary Ratan Watal. Two schemes were announced in the last budget. In one scheme, gold can be deposited in banks for a maximum period of 15 years and interest can be earned. Redemption at the end o..
 
TVS TRAVELS KUWAIT FARWANIYA BRANCH ==================================..
 
Wooing international flyers ahead of the festive season, private carrier Jet Airways on Monday slashed its business and economy class fares by up to 30 per cent across its global destinations including those in the US and Europe for a limited period. Bookings under the six-day festive sale offer commence today for the travel from October 5 and onwards, Jet Airways said in a release. These special fares are on offer for travel on boa..
 
The watchdog also wants fund houses to improve their disclosure regime and make it simpler for investors by doing away with the current practice of having too many schemes. To safeguard investors’ interest and help them maximise returns, markets regulator the Securities and Exchange Board of India (SEBI) is set to tighten norms for mutual funds (MFs) by asking them to lower the cost of investments and be more vigilant abou..
 
India is experimenting, said the submission, with a careful mix of market mechanisms together with fiscal instruments and regulatory interventions to mobilise finances for climate change. India would need to spend at least $2.5 trillion between 2015 and 2030 on mitigation activities to meet targets as part of its Intended Nationally Determined Contribution (INDC) submission to the United Nations Framework Convention on Climate Change ..
 
India ranked 34th among 60 leading economies in terms of ‘business growth environment’ but the country ranked among the bottom ten when it comes to ‘business operating environment’, says a report. In the Grant Thornton Global Dynamism Index (GDI), which ranks business growth environment of 60 leading economies, India was ranked at the 34th place, registering a gain of 14 places, since the last version of ..
 
Technology giant Apple has launched two new iPhones which its CEO Tim Cook claimed "are the most advanced smartphones in the world". Alongside the new device launches, the company launched its 3D Touch technology on Wednesday, which operates on the pressure and duration of the touch of the consumer changing the user experience on smartphones making it more convenient. Earlier reports citied that the company would lau..
 
Negative cues eminating out of China coupled with bearish equity markets resulted in the rupee falling to its lowest levels against the US dollar in over two years during the intra-day trade on Monday. The Indian currency was trading at 66.83 to a dollar at 4.00 p.m., down 37 paise from its previous close of 66.46 on Friday (September 4, 2015). The rupee had touched an intra-day high of 66.85. The rupee had last breached the ..
 
As businesses head to the city, the lack of large format office spaces is pushing them towards peripheral locations. Considered one of the country’s biggest industrial hubs, Chennai is home to a burgeoning office market. Infrastructure development has encouraged investments in the city, and over the last decade, a large number of national and international players have set up offices here. The rising demand has, over time, l..
 
Under this service, one million reading titles will be available on Kindle devices, Apps Global e-commerce giant Amazon today launched its Kindle Unlimited service in India that will offer readers access to one million reading titles on its tablet for Rs 199 a month. India is the tenth country after nations like the US, the UK, Canada, Spain and Italy to get the subscription service. “India is a very important ..
 
The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs every year in August starting from August 2015. The Reserve Bank of India (RBI) on Monday declared State Bank of India and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). The RBI had issued the framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014. The D-SIB framework require..
 
As the stock market saw a bloodbath, the investor wealth on Monday crashed by over Rs 7 lakh crore in the biggest ever single-day loss, as a global rout caused jitters across the board. Crashing below Rs 100 lakh crore mark, the total investor wealth measured in terms of cumulative valuation of all listed stocks, stood at Rs 95,28,536 crore at the end of the day. Though notional in nature, just top-20 companies accounted for more than 5 lakh cro..
 
After granting approval to 11 entities for payments banks, RBI today said it will announce small finance bank licences next month and allayed concerns that these new entities can pose any threat to existing banks. RBI Governor Raghuram Rajan said that new payments banks would not pose any competitive threat to the existing banks and these new entities would rather serve as 'feeder' for the universal banks. ..
 
Payment banks allow mobile firms, supermarket chains, and others to cater to individuals and small businesses. The Reserve Bank on Wednesday granted ‘in-principle’ approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences ‘on tap’ in future. The other entities which have been given ‘in-principle’ approval ..
 
It has posted a strong performance in the first four months of this fiscal, aided by new launches Maruti Suzuki India Ltd. has proposed to treble the production capacity of AMT (automatic manual transmission) units in view of the growing demand for such cars in the country. “As the response for the AMT variants of Celerio and Alto K10 continue to be strong, the company is substantially increasing the AMT capacity from 4..
 
Low-cost carrier IndiGo has firmed up its provisional commitment of buying 250 ‘A-320neo’ aircraft Airbus, the largest order in numbers for the European manufacturer that could cost up to $25.7 billion. The airline had entered into a Memorandum of Understanding (MoU) on October 15 last year on the deal with Airbus, and now on August 15, both the companies have signed a purchase agreement. The mega order came at a time when the Indi..
 
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Hyundai Motor India Ltd on Saturday announced the price increase in all its models except the newly launched Global SUV Hyundai Creta. Commenting on the price increase, Rakesh Srivastava, Senior Vice President of sales and marketing, said, “The price increase has been necessitated by increase of input costs. We have been absorbing most of the costs but now we are constrained to consider the price increase in these challenging market environmen..
 
UAE Ex. Kuwait partners with Beef ‘O’ Brady’s American  Restaurant Chain UAE Exchange, the leading money transfer, foreign exchange and payment solutions brand, today announced its partnership with Beef “O” Brady’s. As part of its customer loyalty campaign, the strategic tie up will facilitate UAE Exchange customers from Kuwait to win vouchers and discounts from Beef ‘O’ Brady’s (Am..
 
The government is keen on making benami property laws even more stringent. So, all those asset owners who fail to produce legal proof of source of earning that allows him or her to own the asset, risk it being termed benami. Here, the term property will mean not just real estate but any kind of movable or immovable, tangible or intangible assets, including jewellery, cash and investments. The new law is likely to state that property acquired i..
 
‘Scratch & Win’ with Xpress Money and Kuwait National Exchange Kuwait, June 19, 2015:  Xpress Money, one of the world’s most dependable money transfer brands, has launched ‘Scratch & Win’, an exciting promotion for its customers in Kuwait, who send money from any Kuwait National Exchange location in the country. During the promotion from June 17th to July 18th, 2015, all customers who send money t..
 
The nation-wide unlimited night calls from Bharat Sanchar Nigam Ltd landlines since May 1 has spurred interest for its tradional wired telephones. 'In the last two months we have seeen growth of 30 per cent in registration for new connection compared to April 2015,' BSNL GM (Calcutta Telephones) responsible for fixed lines, K C Ghosh said. He said demand for reconnection had also jumped by 20-25 per cent during th..
 
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Remittances are estimated to grow on a par with South Asian Region. The depreciation in the Indian rupee always has a positive impact on the remittances. The country has witnessed 50 to 80 per cent increase in remittance activity from various countries especially the Gulf regions, during the last three months. A similar trend was seen in 2012, 2013 and 2014 when rupee witnessed a sustained depreciation. Now the rupee is h..
 
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UAE Exchange Kuwait partners with Behbehani Group for Customer Loyalty Month UAE Exchange,the leading money transfer, foreign exchange and payment solutions brand, today announced its partnership with Behbehani Group. As part of its one month customer loyalty campaign, the strategic tie up will facilitate UAE Exchange customers from Kuwait to win vouchers and discounts from Tik Tok,  Behbehani Group’s Swiss watch brand s..
 
10 Lucky winners will drive away in a Chery Tiggo SUV Kuwait City, 14th June 2015: Bahrain Exchange Company W.L.L. (BEC), one of Kuwait’s leading worldwide money transfer and foreign exchange companies, has announced the launch of its latest campaign Win 10 SUVs in 10 weeks. Starting from the 14th June and running until the 22nd August 2015, every customer that makes a transaction at any BEC branch will be automatically entered..
 
Dell on Wednesday launched what it calls the “world’s thinnest” tablet and expanded its India range of products. The company aims to push higher personal computer (PC) adoption in the country. The PC-maker expanded its XPS, ALienware, Inspiron and tablet series with the launch of the XPS 13, Alienware 15 and 17, Dell Inspiron 5000 laptops and the Venue 8. While the Inspiron 5000 Series will be availabl..
 
BEC opens its 5th branch in Mahboula Increasing its retail network in Kuwait to 36 locations Kuwait City, 1st June 2015:Bahrain Exchange Company W.L.L. (BEC), one of Kuwait’s leading worldwide money transfer and foreign exchange companies, announced today the launch of its latest branch in Mahboula, its 5th retail outlet in the area. Located near the Al Baraka complex and in an area with many labour camps,..
 
A look at some of the key services that will attract higher tax and hence become costlier. Be prepared to shell out more from Monday while using mobiles, eating out and travelling as the service tax rate goes up to 14 per cent. Finance Minister Arun Jaitley had proposed to raise service tax from 12.36 per cent (including education cess) to 14 per cent. The proposal takes effect from June 1. The tax is levied on all se..
 
The hike is being done as per the General Budget proposals. Fares for first class and AC class in passenger trains besides freight charges will be increased by 0.5 per cent from June 1 as new service tax will come into effect. “Currently, 3.708 per cent service tax is levied on train fares for AC Class, First Class and freight. This will go up to 4.2 per cent from June which means the rise is only 0.5 per cent,”..
 
Unfortunately, for the offline retailers, the enormous flow of capital is the fuel that powers huge e-commerce discounts and threatens their time-tested business model. With India being a unique market, it has a place for both online and offline players. Last week, a lobby for India’s brick-and-mortar retailers pulled the Government to court. The Retailers Association of India (RAI), which describes itself ‘the unifie..
 
To revive the fortunes of what Ratan Tata called ‘People’s Car’, Tata Motors is all set to unveil its new avatar, GenX Nano, positioning it as an aspiration vehicle. In a bid to lure first time buyers and bury the ‘cheapest car’ tag that has been associated with the Nano, which drew the world’s attention when launched in 2009, the company is making a “critical intervention” offering, ..
 
Doha Bank Inaugurates its India Operations Doha Bank, one of the largest commercial bank in the State of Qatar, held the inauguration ceremony of its Indian operations on Wednesday, 29 April 2015 in Mumbai. Doha Bank is the first Qatari Bank to establish its full scale banking operations in India. The inauguration ceremony was well attended by several high-profile dignitaries including H.E. Ali Sharif Al Emadi, the Hon’bl..
 
The meeting also decided to waive 12.6 per cent excise duty on ethanol blending for the next sugar season. The Union Cabinet on Wednesday decided to hike the import duty on sugar to 40 per cent from the current 25 per cent to check the slide in domestic prices of the sweetener and enable the industry to clear cane arrears to the tune of Rs. 20,099 crore. This is in line with the demand raised by the industry, cane growers and state go..
 
Paris-headquartered consulting, technology, and outsourcing services company Capgemini, with annual revenues of €10.573 billion, on Monday announced the acquisition of New Jersey-based IGATE in a transaction worth $4.04 billion. Participating in a teleconference from San Francisco, Capgemini Chairman and CEO Paul Hermelin told Deccan Herald that the move is fully in line with the Capgemini Group’s strategy. “Capgemini is overweight..
 
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Mugal Mahal
Doha Bank