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Fareportal Wins 2023 Technology of the Year Award for Chatbot AI

Fareportal Wins 2023 Technology of the Year Award for Chatbot AI

Travel technology innovator Fareportal, the company behind leading online travel agencies CheapOair, CheapOair.CA and OneTravel, today announced it’s received the “2023 Technology of the Year Award” in the annual Excellence in Customer Service awards program conducted by the Business Intelligence Group (BIG). The award was received in recognition of the AI enhanced customer experience provided by Fareportal’s Chatbot product.

IBNS•Jun 05, 2023
Paytm boosts merchant payments leadership with 75 lakh devices deployed in Apr-May

Paytm boosts merchant payments leadership with 75 lakh devices deployed in Apr-May

India’s leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023.

IBNS•Jun 05, 2023
Walmart's stake in fintech subsidiary PhonePe drops to 85%

Walmart's stake in fintech subsidiary PhonePe drops to 85%

Retail behemoth Walmart’s shareholding in fintech company PhonePe has dropped from 85 percent to 89 percent amid the latter’s fundraise of $1 billion, media reports said.

IBNS•Jun 05, 2023
RBI's MPC panel likely to maintain status quo on key policy rate in June meeting

RBI's MPC panel likely to maintain status quo on key policy rate in June meeting

Mumbai: The Reserve Bank of India is likely to maintain a status quo over the policy stance in the June policy review as well, opine experts.

IBNS•Jun 05, 2023
Odisha train mishap: Gautam Adani takes responsibility to educate children orphaned in the accident

Odisha train mishap: Gautam Adani takes responsibility to educate children orphaned in the accident

New Delhi: Gautam Adani on Sunday announced that the Adani Group would assume the responsibility of providing education for children who tragically lost their parents in the Odisha triple train accident.

IBNS•Jun 04, 2023
Tripura farmers selling Miyazaki mangoes for Rs. 1500

Tripura farmers selling Miyazaki mangoes for Rs. 1500

A cluster of farmers hailing from Tripura’s Pancharatan, Narikel Kunja and Tai Chakma ADC villages under Gandacherra sub-division of Dhalai district is trying to cultivate one of the costliest mangoes in the world known as ‘Miyazaki’.

IBNS•Jun 04, 2023
Empowerment echoes: The transformative journey of Sikh women’s aid

Empowerment echoes: The transformative journey of Sikh women’s aid

In the bustling heart of the West Midlands, UK, a unique beacon of hope and empowerment, ‘Sikh Women’s Aid’ (SWA), stands tall. Born out of the collective strength of Sikh women across the region, this community-based organization represents a transformative movement within the Sikh and Punjabi communities.

IBNS•Jun 03, 2023
Harvesting Pain: Sikh slaves fuelling Italy’s farmlands

Harvesting Pain: Sikh slaves fuelling Italy’s farmlands

In the heartland of Italy, under the shadow of the Tyrrhenian Sea, is the Agro-Pontino, a 100-mile stretch of fertile plains.

IBNS•Jun 03, 2023
US Consulate, Contact Base host two-day symposium in Kolkata for women entrepreneurs and leaders

US Consulate, Contact Base host two-day symposium in Kolkata for women entrepreneurs and leaders

Kolkata:  The U.S. Consulate General Kolkata, in partnership with social enterprise Contact Base, recently hosted a two-day symposium that focused on building regional coalitions and networks to strengthen women’s leadership in the global economy.

IBNS•Jun 03, 2023
Over 90% of financial institutions acknowledge impact of sustainable investments, says FIS's Global Innovations report

Over 90% of financial institutions acknowledge impact of sustainable investments, says FIS's Global Innovations report

Financial services firms worldwide recognize ESG as a powerful tool to enhance competitiveness, attract increased investment, and foster sustainable development, according to Global Innovations Report (GIR) by FIS Global.

IBNS•Jun 03, 2023
Future Generali India launches D.I.Y HEALTH product

Future Generali India launches D.I.Y HEALTH product

Kolkata: Private general insurance player Future Generali India Insurance Company Ltd Thursday announced the launch of its new health insurance product – D.I.Y HEALTH – to offer flexibility and freedom to choose the coverage as per the customer's needs. 

IBNS•Jun 03, 2023
Volvo Car India's dealership in West Bengal completes 5 years

Volvo Car India's dealership in West Bengal completes 5 years

Kolkata: SPL Volvo, one of the dealerships of Volvo Car India in West Bengal, completed its fifth anniversary.

IBNS•Jun 03, 2023
Govt imposes stock limits on pulses to contain spiralling prices

Govt imposes stock limits on pulses to contain spiralling prices

New Delhi: In a bid to crack down on hoarders and keep prices of pulses in check, the government on Friday imposed stock limits on tur and urad dals applicable to wholesalers, retailers, big chain retailers, millers and importers.

IBNS•Jun 03, 2023
Tata Group inks deal to set up Rs 130 billion lithium-ion cell factory in Gujarat's Sanand

Tata Group inks deal to set up Rs 130 billion lithium-ion cell factory in Gujarat's Sanand

Sanand (Gujarat): Tata Group on Friday entered into a preliminary agreement for the construction of a lithium-ion cell factory at an estimated investment of around Rs 130 billion, reported Reuters.

IBNS•Jun 02, 2023
Canada's Suncor Energy to slash 1,500 positions amid cost-cutting plan

Canada's Suncor Energy to slash 1,500 positions amid cost-cutting plan

Calgary/IBNS: Rich Kruger, new chief executive of Suncor Energy, has announced his immediate plan of the company's elimination of 1,500 positions  to cut costs by $400 million by the end of this year.

IBNS•Jun 02, 2023
IRDAI orders SBI Life Insurance to take over Sahara India Life Insurance business

IRDAI orders SBI Life Insurance to take over Sahara India Life Insurance business

New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has named SBI Life Insurance Company Limited (SBI Life) as the acquirer insurer of the life insurance business of Sahara India Life Insurance Co. Ltd (SILIC), media reports said.

IBNS•Jun 02, 2023
RBI issues draft directions on cyber resilience, digital payment security controls for Payment System Operators

RBI issues draft directions on cyber resilience, digital payment security controls for Payment System Operators

Mumbai: The Reserve Bank of India (RBI) on Friday released draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs).

IBNS•Jun 02, 2023
Govt expected to get Rs 4,000 cr after investors over-subscribe Coal India share sale

Govt expected to get Rs 4,000 cr after investors over-subscribe Coal India share sale

New Delhi: The government is expected to receive Rs 4,000 crore from Coal India’s share sale, as both retail and institutional investors showed strong demand, resulting in oversubscription, media reports said.

IBNS•Jun 02, 2023
RBL Bank introduces ACE Fixed Deposit, offering up to 8.50% interest rate

RBL Bank introduces ACE Fixed Deposit, offering up to 8.50% interest rate

Mumbai: Private sector lender RBL Bank on Friday announced the launch of its new Fixed Deposit – ACE.

IBNS•Jun 02, 2023
ICE MAKE Consolidated net profit jumps 184 pct to Rs 20.80 cr in FY2023

ICE MAKE Consolidated net profit jumps 184 pct to Rs 20.80 cr in FY2023

Kolkata: Ice Make Refrigeration Limited, a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments in India, has closed the fiscal year 2023 with robust financial performance.

IBNS•Jun 02, 2023
Tata Motors launches upgraded Nexon EV MAX XZ+ LUX

Tata Motors launches upgraded Nexon EV MAX XZ+ LUX

Mumbai: Automobile major Tata Motors on Friday launched the upgraded Nexon EV MAX XZ+ LUX at a starting price of INR 18.79 Lakh (ex-showroom, All India for the 3.3 kW AC charger).

IBNS•Jun 02, 2023
Toyota Kirloskar Motor partners Bajaj Finance Limited to enhance retail financing options

Toyota Kirloskar Motor partners Bajaj Finance Limited to enhance retail financing options

Bangalore: Aimed at further elevating customer experience, Toyota Kirloskar Motor (TKM) on Friday announced the signing of a Memorandum of Understanding (MOU) with Bajaj Finance Limited (BFL), Ltd., part of financial service Bajaj Finserv Ltd. to provide enhanced retail finance options that are specially designed to make the process of purchasing a Toyota vehicle more convenient and accessible to customers.

IBNS•Jun 02, 2023
Twitter and Tesla chief Elon Musk reclaims world's richest person title

Twitter and Tesla chief Elon Musk reclaims world's richest person title

Twitter and Tesla chief Elon Musk has once again reclaimed his position as the world's richest person.

IBNS•Jun 02, 2023
NTPC Green Energy signs MoU with UP Rajya Vidyut Utpadan Nigam to bolster state's renewable energy capacity

NTPC Green Energy signs MoU with UP Rajya Vidyut Utpadan Nigam to bolster state's renewable energy capacity

Lucknow: NTPC’s green energy arm and the Uttar Pradesh government signed an MoU to collaborate in the development of renewable energy parks and projects and to facilitate the Government of India’s efforts towards energy transition.

IBNS•Jun 01, 2023
Coal production goes up to 76.26 MT in May 2023; coal stock grows 35.48% to 112.41 MT

Coal production goes up to 76.26 MT in May 2023; coal stock grows 35.48% to 112.41 MT

New Delhi: India’s overall coal production in May grew by 7.10% year-on-year, reaching 76.26 Million Tons (MT).

IBNS•Jun 01, 2023
May GST collection grows 12% YoY to Rs 1,57,090 cr

May GST collection grows 12% YoY to Rs 1,57,090 cr

New Delhi: The gross Goods & Services Tax (GST) revenue collected in the month of May stood at Rs 1,57,090 crore, the finance ministry said on Thursday.

IBNS•Jun 01, 2023
Morgan Stanley hails India for its growth in last 10 yrs

Morgan Stanley hails India for its growth in last 10 yrs

Highlighting the reforms that took place in India since 2014, US-based financial services company Morgan Stanley in its latest report said “this India is different from what it was in 2013”.

IBNS•Jun 01, 2023
HDFC RuPay Credit Cards can now be Linked to UPI

HDFC RuPay Credit Cards can now be Linked to UPI

UPI payments are a widely popular and reliable payment option due to hassle-free, quick, and convenient transactions. Until now, these payments were linked to your savings or current account, thus you could spend conveniently as much as the availability of funds in your bank account. Now, however, you can link your credit card with UPI and make convenient payments via credit cards. HDFC Bank is one of the first leading credit card issuers to allow the linking of RuPay credit cards to UPI apps of your choice, like GooglePay, PhonePe, Paytm, and BHIM UPI. Using this feature, you can avail of credit card rewards, discounts, and offers on your regular UPI payments.

IBNS•Jun 01, 2023
RHI Magnesita India reports 37% rise in revenue for FY 2023

RHI Magnesita India reports 37% rise in revenue for FY 2023

Gurugram: RHI Magnesita India, a manufacturer and supplier of high-grade refractory products, systems and solutions, has reported an income of Rs 2,741 crores in FY23, as compared to Rs 2,005 crores for FY 22.

IBNS•Jun 01, 2023
Ashwani Kumar elevated as MD of UCO Bank

Ashwani Kumar elevated as MD of UCO Bank

New Delhi: The government on Wednesday elevated Ashwani Kumar as Managing Director of UCO Bank.

IBNS•Jun 01, 2023
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