In a bid to boost Industrial Internet of Things (IoT) in the country, Larsen and Toubro subsidiary L&T Technology Services Limited (LTTS) and US-based computer software company PTC on Wednesday unveiled a Centre of Excellence (CoE) in Bengaluru.
The centre, popularly termed as 'Industry 4.0', will demonstrate digital transformations for companies globally.
The shareholders of South Indian Bank approved raising Rs 500 crore debt on private placement basis, reported PTI. At the 89th Annual General Meeting of shareholders, the bank placed resolution "to approve the borrowing/raising funds in Indian/foreign currency by issue of debt securities up to Rs 500 crore on private placement basis." In a regulatory filing, the bank said, "All t
The shareholders of South Indian Bank approved raising Rs 500 crore debt on private placement basis, reported PTI. At the 89th Annual General Meeting of shareholders, the bank placed resolution "to approve the borrowing/raising funds in Indian/foreign currency by issue of debt securities up to Rs 500 crore on private placement basis."
In a regulatory filing, the bank said, &
Union Bank of India said Kewal Handa, former Managing Director of pharma major Pfizer India, has been appointed as its Chairman for three years. Handa has been appointed non-executive chairman and part-time non-official director as per a notification of the finance ministry, the lender said in a BSE filing.
He was MD of Pfizer India from 2005-2012 and prior to that had served as Execu
Jet Airways is in discussions with a few foreign airlines and private equity players for raising funds by selling stake, investment banking sources said as per the PTI report. The leading full service airline, where Abu Dhabi-based Etihad Airways already has 24 per cent strategic stake, has been looking to raise funds for expanding operations. The airline has already appointed an investment ban
India's benchmark indexes edged higher on Wednesday as shares of energy companies advanced on the back of higher crude prices, though gains were capped as investors turned cautious ahead of consumer inflation data.
Oil prices rose more than 1.5 percent on Wednesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as f
Automobile major Toyota Kirloskar Motor on Tuesday launched a smart phone application -- Toyota Connect India -- to provide its customers with Toyotas global standards of connected services.
According to the company, the app is a fully integrated cloud based connected service platform supported by a dedicated and specialised call centre, Toyota's dealer networks and ser
Automobile major Tata Motors on Tuesday extended its Ace vehicles with the introduction of the new XL range of small commercial cargo vehicles.
"Being the market leader in this segment, we understand our customer requirements very well and the new XL range emerges out of this in-depth knowledge and consumer insight," said R.T. Wasan, Head for Sales and Marketing, Commer
Adani Power on Tuesday said that it has approached lenders for no-objection certificate (NOC) for a slump sale of its "Mundra Power Project" to its subsidiary company Adani Power (Mundra).
Last month, Adani Power's Board of Directors had approved a proposal for a slump sale of its Mundra Power Project to one of its subsidiary companies.
Infosys subsidiary EdgeVerge Systems would offer banks the world over its flagship financial software product Finacle on Amazon Web Services (AWS), said the IT major on Tuesday.
"Banks the world over can securely leverage Finacle's solution suite with other enterprise applications hosted on the AWS cloud," said the software firm in a statement here.
A major fire broke out at Nalco's captive power plant in Odisha's Angul on Tuesday, causing extensive damage but no one was injured, the state-run PSU said.
The fire broke out in the old generator transformer of the plant's Unit-8 due to internal short circuit.
However, there has been no injury to any person and there was no production loss on acc
By Rahul Bhatia
MUMBAI - Police in Rajasthan on Tuesday detained a man suspected of involvement in what may be a major leak of user data from India's newest telecoms company Jio, a police official said.
Jio, run by India's richest man Mukesh Ambani and his conglomerate Reliance Industries Ltd, said on Monday it was investigating whether personal data