Discretionary spending not increased despite low gas prices
Recent survey report has revealed that the gas prices in the US have slightly gone down in 2013, but this is not leading to a large consumer spending. It was noticed that about 80% of the 1000 people who were…
LPG companies to stop supplying households with multiple-connections
The PSU Oil Marketing Companies have been directed not to supply households with multiple-connections with LPG, for which no Know Your Customer (KYC) details have been submitted. This will come into effect on June 1, 2013. Transactions, including the delivery…
China to help Indian companies with marketing
On May 16, 2013, industry body Assocham said that China is interested in helping the Indian exporters market their products in that country. The widening trade deficit with China has been a major issue of concern for India. This issue…
India to ban phones which do not display radiation levels
From September 2013, India is most likely to ban import of all mobile phones which do not display their radiation emission levels. The Directorate General of Foreign Trade will be issuing a notification asking for mandatory disclosure of specific absorption…
Airlines in US collect record baggage fees
Recent reports state that airlines in the US have collected more than $6 billion in baggage, as well as reservation change fees from passengers in 2012. This has resulted in the highest amount of fees since they become common five…
Stamp prices most likely to rise again
Once again the U.S. Postal Service board will look into hiking the prices of postage stamps on all types of mail. Prices will be hiked as the losses continue to strike the agency. Mickey Barnett, the chief of the board…
Jet Airways to buy more than 100 planes
Indian carrier Jet Airways might soon order more than 100 planes from Boeing and Airbus at the Paris Airshow. The news was revealed by a leading aviation consultancy. A report from the Centre for Asia Pacific Aviation states that Jet…
BlackBerry services interrupted again
BlackBerry customers across India, as well as in some other countries, were not able to send and receive emails on May 3, 2013. The subscribers were not able to get messages through the BlackBerry messenger, as the Canadian company services…
Petrol rates to be reduced by Rs 3 per litre
The rates of petrol have been reduced by Rs. 3 per litre from March 1, 2013 in India. The new rates will be the first substantial price cut in about a year. This is also the fourth reduction in the…
BlackBerry Q10 sells out in two hours
The new BlackBerry Q10 smartphone has become the fastest selling consumer electronics product for Selfridges. Selfridges is a high-end British departmental store chain and the smartphone had gone on sale exclusively at the Oxford St. London Store over the weekend….