IDBI Mutual fund launches gold fund for investment
IDBI Mutual fund, the popular asset management company on July 24, launched a gold fund targeted mainly at the retail investors. The new gold fund has also been announced for the people without demat accounts. The scheme will be opened…
Oil companies hike petrol prices by 70 paise
The oil companies after two rounds of rate cuts on petrol prices last month. The prices of petrol have been hiked by 70 paise per litre on July 24, 2012 on firming international oil rates. After the hike, the petrol…
Income tax department adds new column for Indians declaring foreign assets
The income tax department of India has tightened its norms and has introduced a new column seeking details of the foreign assets in the Income Tax Return forms for the 2012-13. Those tax payers who hold foreign bank accounts or…
Yamaha signs Deepika Padukone as brand ambassador for upcoming scooter
Two wheeler manufacturing giant Yamaha has on July 23, 2012 roped in Deepika Padukone as the brand ambassador for its yet to be launched scooter in India. The company is doing its best to compete against the rival Honda in…
Reserve Bank of India to tighten debt restructuring norms
The loan account monitoring will have to be more vigilant in monitoring a loan account while corporate will have to think twice before restructuring the loan with the Reserve Bank of India. The Reserve Bank of India is now planning…
De Beers to expand in Indian market
Popular Diamond manufacturing brand De Beers is looking towards the market of India to contribute about ten percent of its global sales in five years . The company is also aiming to expand in the country by increasing the number…
Pet market in India gaining popularity despite slow economy
Despite a slowing economy in India, the business of pet care, packaged food and grooming is growing at a healthy rate. The growth is noticed at a time when most of the other industries are facing challenges of a slowing…
Petrol and diesel pricing widening in Indian market
People who are looking for buying diesel cars must be ready to shell out 20% more price than that they had bargained for a year back. While the petrol car buyers can bargain their cars for a striker price which…
Delhi people to buy LED bulbs by half the market price
People of New Delhi can now buy the popular energy saving LED bulbs at almost half the price with a market rate. The power distribution company BRPL on July 20, 2012 launched a scheme to promote the environmental friendly lighting….
Maruti Suzuki to face major losses with Manesar plant shut down
Indian auto giant Maruti Suzuki is facing a costly shut down of one of its plants in Manesar, after its manager died and 90 employees are behind the bars due to a major riot. The shut down of the plant…