Jet Airways SpiceJet and Indigo to fly on abroad routes on Air India’s rights
The domestic private sector carriers are all set to increase their flights to the Gulf and Southeast Asia. The careers are making the most of the civil aviation ministry’s move to do away with national carrier Air India’s right of…
Inverter sales rises due to monsoon delay
As the country faced a delayed monsoon this year, the sales of inverters and batteries went up about 30% for the first quarter to June. The monsoon delay had resulted in the rise of the power consumption. The manufacturers of…
5 steps for income tax e-filing for income above 10 lakh
E-filing of income tax was introduced a few years back. But only a few tax payers were using it successfully. But this year filing of income tax has become mandatory for the individuals who earn more than Rs. 10 lakh…
Bosch suspends manufacturing to avoid excess inventory
Manufacturers of auto components, Bosch Ltd said that it will be suspending operations from its manufacturing plants in Bangalore and Nasik. The company said that it will be suspending its operations so as to avoid unnecessary built up of inventory….
Essar Oil’s bank accounts de-frozen
India based oil company Essar Oil on July 27, 2012 said that Gujarat government has de-frozen its bank accounts. The bank accounts of the company were de-frozen after it paid Rs. 1,000 crore in sales tax dues. The company in…
Online income tax filing website crashes due to overload
As the last date for the filing of income tax returns fast approaches on July 30, 2012, the IT department as well as the assesses are facing problems with online data entry. All those who earn more than ten lakh…
Mahindra and Mahindra join hands with Federal Bank
A preferred financial agreement has been signed by Mahindra and Mahindra with Federal Bank. The tie up will enable M&M as well as Federal Bank to leverage on the inherent strengths of each other’s vast network of more than 250…
Kingfisher Airlines was almost grounded by former DGCA chief Bharat Bhushan
An extensive review of government documents has shown that the struggling carrier Kingfisher Airlines was almost close to having its permit suspended by the country’s former aviation regulator. Bharat BHushan , the head of Directorate General of Civil Aviation DGCA,…
Godrej Appliances aims Rs. 2,600 crore sales this Onam Festival
Popular Indian kitchen appliances manufacturer, Godrej on July 26, 2012 said that it is aiming towards a sales turnover of Rs. 2,600 crore this year across the country and Rs. 120 crore from the state of Kerala during the Onam…
Reliance to promote and sell bakery products made by Tihar prisoners
Mumbai based Reliance Retail has on July 27, 2012 said that it has joined hands with Tihar Jail to promote and sell bakery products which will be manufactured by prisoners. The company released a statement which said that it would…