Launch of electric cars in India a major challenge
In an era when the fuel prices in India are touching the sky, it has now become essential to take drastic steps to take measures to launch e-cars in the Indian market. But the German car manufacturer, Volkswagen said that…
Tyre manufacturers fear drop in sales due to poor monsoon
As the condition of drought is likely to hit in many parts of India, the tyre manufacturers fear that the condition will aggravate the slow trends in the market. This will also prevent the companies from taking full advantage of…
P Chidambaram suggests new measures to lift Indian economy
The new Finance Minister of India P.Chidambaram, on August 6, 2012, has suggested new measures so as to boost the investment and lift the sagging economy. Chidambaram on Monday promised to fine tune the policies to put in place a…
Birla Sun Life Mutual Fund hopes to get good response from savings scheme
Finance company Birla Sun Life Mutual Fund has hopes that it would receive good response to its recurring savings plan from the retail investors. The company hopes to get a good response on the back of the volatility in the…
Reckitt and Benckiser to move briskly in markets of India
British multinational consumer based goods company’s India based CEO Rakesh Kapoor said that last week that the company is looking forward to move quicker in to key BRIC emerging markets of India, Brazil, Russia and China. Kapoor added that the…
Videocon restrained from manufacturing washing machines resembling Whirlpool’s
The Bombay High Court has held that the leading consumer electronics maker Videocon Industries, has deceptively imitated a washing machine design registered by Whirlpool. The court has also restrained Videocon from manufacturing the washing machines. Another leading manufacturer, Whirlpool had…
Nestle offering huge trade discounts on Maggi
Nestle India has said that it is offering aggressive discounts on its popular brand Maggi instant noodles. The analysts have said that the discount offered is perhaps the first in a decade which might be a measure to protect its…
Card usage and penetration of ATMs low in India
The Reserve Bank of India (RBI) on August 3, 2012 said that the penetration of ATMs (automated teller machines) is still very low compared to the other emerging markets. The RBI added that the penetration is low despite the fact…
Rs 20 crore raised by Wealth India Financial for expansion
The promoters of online investment services platform FundsIndia.com, Wealth India Financial Services have raised Rs. 20 crores from the existing as well as new investors. The company said that the proposal for the fund raising was led by venture firm…
House prices to rise despite economic slowdown
The house prices in India have gone up by more than double in the past five years and it is expected that it would rise further. The prices of the houses is expected to rise despite the fact that the…