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Idea launches ‘Internet for All’ initiative

Idea launches ‘Internet for All’ initiative

To connect millions of non-internet users, telecom operator Idea Cellular on Wednesday announced an “Internet For All” initiative that empowers Idea prepaid customers and retailers to gift free 100MB data for a month to non-internet users.

Customers can avail the service by dialling *756# or sending SMS IFA to 56756.

BSE warns against unauthorised offers for its unlisted shares

BSE warns against unauthorised offers for its unlisted shares

Ahead of its proposed initial public offering, Asia's oldest bourse BSE warned investors against unauthorised offers to purchase or deal in the shares of the exchange that are unlisted currently.

BSE is expected to file IPO papers with market regulator Sebi next month to mop-up Rs 800 crore.

PM Modi leads Yoga Day celebration at Rajpath, India sets two world records

PM Modi leads Yoga Day celebration at Rajpath, India sets two world records

NEW DELHI: On a humid summer morning, Prime Minister Narendra Modi stretched his arms, bent his legs, rolled his neck and twisted every sinew in his body as India celebrated the first International Day of Yoga with gusto, muscling into the Guinness World Records.

Late Sunday evening, it was announced that the Union ministry of Ayush had set two records — for the largest yoga session ever with 35,985 participants and for most nationalities, 84, taking part at a single venue.

Siemens bags Rs 83 crore order from Indian Railways

Siemens bags Rs 83 crore order from Indian Railways

Siemens Ltd has won an order worth approximately Rs 83 crore from Indian Railways’ Diesel Locomotive Works (DLW), Varanasi, for designing, supply and installation of 40 alternating current (AC) traction systems for dual cab high horsepower diesel engine locomotives.

The AC traction systems will be produced at Siemens’ Nashik factory in Maharashtra. The systems have been developed based on the insulated gate bipolar transistors (IGBTs) technology.

Air India made Rs 1-cr profit a day under Y C Deveshwar

Air India made Rs 1-cr profit a day under Y C Deveshwar

Air India made Rs 1 crore profit a day under Y C Deveshwar's chairpersonship in fiscal 1993. Deveshwar, who is stepping down as executive chairperson of ITC from next February, held the post of Air India chairperson during 1991-94. He was appointed by then civil aviation minister Madhavrao Scindia and succeeded Subhash Gupte who held officiating charge at that time.

Deveshwar's tenure in Air India was marked by improved profits and good management practices. He framed policies on succession planning and tried to bring focus on increasing corporate sales, say retired airline executives.

LIC to shortly announce credit enhancement fund: Shaktikanta Das

LIC to shortly announce credit enhancement fund: Shaktikanta Das

State-run LIC will "shortly" announce setting up of a credit enhancement fund to provide guarantees for infrastructure sector companies to help them access funds from domestic and overseas markets at lower cost.

"We expect LIC to announce it shortly," Secretary in the Department of Economic Affairs Shaktikanta Das told Press Trust of India in an interview.

TCS partners 4 colleges for creating Big Data talent

TCS partners 4 colleges for creating Big Data talent

Country's largest software services firm Tata Consultancy Services (TCS) has partnered with four colleges to offer courses in Big Data as it looks to strengthen the pool of workforce in the digital technology space in India.

The four colleges -- Swami Vivekananda University (West Bengal), St Xaviers College of Arts and Science (Ahmedabad), Central University of Rajasthan (Rajasthan) and St Joseph's College (Bengaluru) -- will offer MSc programme specialising in Big Data starting July 2016.

Brookfield, SBI said to mull India stressed asset venture

Brookfield, SBI said to mull India stressed asset venture

Singapore/Mumbai/Toronto: Brookfield Asset Management Inc. is in talks with State Bank of India, the country’s largest lender, about forming a joint venture to invest in stressed Indian assets, people with knowledge of the matter said.

Brookfield, Canada’s largest alternative asset manager, has discussed investing about Rs.70 billion in the venture while SBI and its associate banks are willing to invest as much as Rs.20 billion, according to the people.

Apollo Hospitals to set up hospital in China

Apollo Hospitals to set up hospital in China

Apollo Hospitals Group has signed an MoU with Hainan Ecological Smart City Group (HESCG), a Chinese industrial park developer and operator, to jointly develop a highly integrated modern health care service facility and systems in the Hainan province, where a smart city is being developed in China's largest special economic zone.

The smart city on the island of Hainan will have residential infrastructure for high quality, pollution free community living and the proposed hospital with medical, nursing and paramedical colleges would cater to not only the people of the Hainan province but also attract medical tourists from mainland China and other nations.

YES Bank plans to raise $1 bn from international markets

YES Bank plans to raise $1 bn from international markets

With plans to raise $1 billion from international markets, private sector lender YES Bank is eying to setup an international branch here as a springboard to tap the Asian markets, its founder has said.

YES Bank has become the first Indian bank to receive government approval for a fully fungible composite foreign investment limit of 74%. Its Board of Directors has approved to raise an additional $1 billion of Equity Capital following the $500 million raised in May 2014.

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