Online shopping and huge discounts increase sales in UK
It seems like the people of Great Britain have been going crazy during their shopping sprees, spending more money than ever. It was found that the UK customers were spending more in May 2013 than since records began. The online…
Coca-Cola Enterprises warns of upcoming tough conditions
Soft drinks manufacturing giant Coca-Cola Enterprises has warned of weakness in its second quarter. The European bottler has warned of handful of headwinds which have tempered the results. The company said that it will update its outlook for the rest…
Spirit Airlines to sell wine in cans
American low-cost airline Spirit Airlines has announced that their customers will be charged $7 for wine that is served in a can. The airline is already well-known for charging their fliers for almost everything. The airline is counting on the…
European leaders to fight against tax evaders
On May 22, 2013, European leaders have determined to fight against tax cheaters and have pledged to share bank account data across the European Union and also accelerate the initiatives to tackle abuse by companies. The leaders are facing a…
Rise in demand for petrol cars to benefit Maruti Suzuki
Trend of buying petrol cars is slowly picking up as the price difference between the diesel and petrol is slowly narrowing. The recent development might be good news for Maruti Suzuki and might also put some pressure on the sales…
Air India to resume operation of Boeing 787 Dreamliners
Indian airline carrier Air India has decided to resume domestic operations with the Boeing Dreamliner aircraft as early as next week. The aircraft were grounded for about four months due to a battery problem and the company has replaced the…
Boeing to compensate Air India for grounding of Dreamliners
The Rajya Sabha was informed on May 2, 2013, that the US-based aircraft manufacturer Boeing, said that it has agreed to compensate the Indian carrier Air India, for the grounding of its Dreamliner aircraft due to battery and fire incidents. KC…
Restaurants in Mumbai to protest against service tax
More than 27,000 restaurants in the city of Mumbai, which is considered to be the financial capital of India, are likely to remain closed on April 29, 2013. The protest has been taken up in response to a call by…
European countries adopt Indian way of packaging milk
The popular Mother Dairy brand of milk, which is a part of the Gujarat Co-operative Milk Marketing Federation (GCMMF), has now become the world’s largest producer of milk. Now the Indian way of supplying daily milk to the customers in…
AXA insurance company to cut 450 jobs in UK
Europe’s second largest insurer AXA SA is planning to cut around 450 jobs in the UK. The company has stopped giving financial advice after a change in regulations. AXA says that it will stop giving advice to customers belonging to branches of…