Indian railways increased AC and freight charges by 3.7 percent
The Finance Ministry of India has said that it will levy service tax on the AC class and also the freight service fares . The ministry said that the fare would be increased by 3.7 percent from October 1, 2012….
Rs. 200 crore loan for Kingfisher rejected by lenders
The loan request of Rs. 200 crore from Kingfisher has been rejected by the SBI-led lenders. On September 27, 2012 the lenders consortium had asked the SBI capitals to plan a new revival plan for the financially struggling airline in…
Danone to launch new business unit in India
France based dairy giant Danone on September 26, 2012 said that it will be setting up a new business unit in India. Danone said that the new business unit will be set up in Mumbai and will be dedicated for…
Car companies Maruti and Honda to hike vehicles prices
As the festive season fast approaches the season of discounts also begins. But while many of the car companies are offering attractive discounts, Indian auto giant Maruti Suzuki has announced that it will increase the prices across its range. Maruti…
Roaming charges to be abolished from 2013
Telecom minister Kapil Sibal on September 24, 2012 announced that the mobile phone users will not have to pay roaming charges when travelling within India from the year 2013. But the telecom companies say that the abolition of the charges…
Air India, Jet Airways announce 40 percent discounts on air fares
Seems like the Indian full service carriers are all set for the upcoming festive season. The carriers in order to garner more market share than the budget airlines have announced up to 40 percent discount on the tickets booked a…
Vicco Laboratories to roll out shaving creams and face washes for youngsters
Indian cosmetic brand Vicco is now all set to appeal the young consumers. The 58 year old brand will soon be rolling out shaving creams and face washes to appeal the young consumers. Vicco Laboratories had recently launched its sugar…
Low Cost carriers in India no longer low-cost
These days it has been noticed that the distinction between the low cost airlines and full service airlines has blurred in the country to near invisibility. Due to the extreme financial crisis, the budget carriers have now stopped offering tickets…
Wal-Mart interested in opening stores in India after FDI
The government of India has now allowed the foreign investments in multi-brand segment. The World’s largest retailer Wal-Mart Stores is now keen on opening retail stores in India. At present the company operates50:50 joint venture with the Bharti Group for…
Car makers hopeful of upcoming festive season despite diesel price hike
The recent price hike on the diesel prices has given a blow to the already slowing down of the passenger vehicle space. But the industry players are hopeful that the upcoming festive season will help to soften that knock. Some…