MTNL to target 15 percent revenue increase in non voice service
Indian telecom company MTNL is now looking forward to increase the contribution of the non-voice service like the internet and SMSs to a total revenue of 15 percent in this financial year. The contribution of the non voice services in…
RBI asks banks to develop cost effective village banking
The banks have been asked by the Reserve Bank Of India (RBI) to develop cost effective village branch model. The RBI has asked to create a village model so as to promote the financial inclusion. D Subbarao, the RBI governor…
Tea production in India goes down due to bad weather
The unpredictable weather conditions in the northern and the southern India has affected the tea production in the country. The tea output in the month of April has dipped from 16.52% to 60.98 million kg from 73.04 million kg a…
Kingfisher Airlines given 15 days time by lenders
Ailing Kingfisher Airlines, has been given a time of 15 days by the lenders to come up with concrete plans to improve its operations. An executive with the State Bank Of India after a meeting between the airlines and the…
Union Bank of India cuts rates on agriculture loans
The Union Bank of India on July 5, 2012 announced a cut in the interest rates of for the various categories under agriculture. The interest rates have been cut by up to 175 basis points so as to boost the…
RBI cuts transaction fee for online purchases through debit cards
In some good news for the regular online purchasers, the Reserve Bank Of India (RBI) has reduced the transaction charges made online through the debit and credit cards to a maximum of 1%. The reduction was announced while addressing the…
MakeMyTrip aims at 30 % increase in revenues in current fiscal
Popular travel service provider, MakeMyTrip on July 4, 2012 said that it is looking at 32 percent growth in revenues which is nearly at ₹620 crores in the current fiscal. The travel service company said that that it expects the…
Air conditioners and coolers demands double in Delhi
While the monsoon continues to play hide and seek, the heat is continuously rising in the capital Delhi and its neighbouring areas. This has in turn provided a bonus for the makers of air conditioners and coolers. The sales off…
Sugar prices go up on retail demand
With some signs of more inflation, the spot sugar at Vashi market went up to ₹30-₹40 per quintal on July 3, 2012. This marked a rise of about ₹10-₹20 in mill tender rates due to the lower output projections for…
Maruti Suzuki announces rise in sales in June
In some relief for the Indian auto giant Maruti Suzuki, the car maker has reported a 20.30% jump in total sales at 96,597 units in the month of June. Maruti in a statement revealed that the company had sold 80,298…