Travel agents association protest Air India’s transaction fee decision
Air India’s proposal to levy a transaction fee on the passengers apart from scaling down the commission amount of the travel agents, has been opposed by an association of travel agents. The proposal by the National carrier is to take…
Government to increase diesel, kerosene and cooking gas prices
There are chances that the government might increase the diesel, cooking gas and kerosene prices after the presidential polls. But rest assured as the petrol prices will remain stable this month. An official in the condition of anonymity said, “Diesel…
Jindal Group to set up textile unit worth Rs. 1,500 crores
The Jindal Group is now all set to put up a Rs. 1,500 crore technical textile unit in Nashik district of Maharashtra. Mohammed Arif Naseem Khan the textile minister said that a letter of intent has been issued in this…
State Bank of India says it is not in favor of shutting down Kingfisher Airlines
India’s biggest and lead lender of Kingfisher Airlines on July 12, 2012 said that it does not intend to shut down the airlines. The cash trapped airline said that it needs to take a few measures to recover the loans…
P Chidambaram likely to take over as Finance Minister
There are chances that Home Minister P Chidambaram, might once again take charge of the finance ministry before the Parliament’s monsoon session ends early next month. Chidambaram on July 10, 2012 also indicated that the government has lined up a…
Amway India to set up manufacturing facility in India
Popular direct selling FMCG company Amway India on July 11, 2012 said that it is ready to set up a manufacturing facility in India. The company is set to invest about Rs. 400 crore to produce nutrition and beauty brands….
Maruti Suzuki leads in car sales growth in India
Indian auto giant Maruti Suzuki is considered as one of the biggest auto manufacturers in India. This time the company is leading in terms of the car sales in the country which grew 8.28 percent to 1,55,763 units in the…
Dena Bank not to reduce lending rates after SBI
Indian money lender Dena Bank on July 10, 2012 said that it will not follow the footsteps of the State Bank of India by reducing the lending rates. The bank also said that its rates were the lowest in the…
Fujifilm India to pull off from Ultra low cost camera market
Popular camera manufacturing giant Fujifilm said that it will soon make an exit from India’s ultra low cost ₹4,000 in the next few months. The company said that the new move will be taken so as to improve the revenue…
Rs. 15 lakh fine imposed by IRDA on IndusInd Bank
A penalty of ₹15 lakh has been imposed on the Indusind Bank by the Insurance Regulatory and Development Authority. The penalty was imposed for violating corporate agency norms. The lender of the private sector is a corporate agent of the…