Parle to sue FDA over false allegations
Indian biscuit and confectionery manufacturer ‘Parle Products’ said on October 16, 2012, that it will take legal action against the Maharashtra Food and Drug Administration. Parle reacted to FDA’s claims that its product branded ‘Kaccha Mango Bite’ contains lactic acid beyond permissible limits….
Aircel to cut 600 jobs due to surging costs?
Telecom operator Aircel is expected to cut some 600 jobs, or 12% of its workforce in the near future. The company took the decision to reduce its workforce in six of its un-profitable regions, due to surging costs as well…
Domino’s Pizza in India to hike prices
All Domino’s Pizza outlets in India which are run by the Jubilant FoodWorks company are set to hike their prices by 2 to 3 percent as of October 12, 2012. The company said that the new prices will be effective next…
Max Bupa launches new Health Assurance health policy
Health insurance company Max Bupa Life Insurance as launched its new health insurance policy. The new policy which is known as the Health Assurance, offers defined benefits to its policy holders. The new policy is available as an individual policy…
General Motors India hikes prices up to Rs. 20,000
Auto manufacturer General Motors on October 5, 2012 said that it will be hiking the prices of its entire range of vehicles by Rs. 20,000. The hike in prices will come into effect from October 8, 2012 due to fluctuating…
Real estate developers look for new ways to reduce construction costs
With the increase in input costs across markets, real estate builders across the country are looking for new technologies to control construction costs. Real estate sales are seeing reduced sales as costs rise across the country. It has been noticed that…
PepsiCo slashes prices of 600 ml PET bottle
Popular soft drink manufacturer, PepsiCo has announced that it has cut the prices of Pepsi 600 ml PET bottles. The price of the PET bottles will now be Rs. 25, down from Rs. 28, so as to push sales up…
Van Heusen launches new range of formals in India
Madura Fashion & Lifestyle, on October 4, 2012 said that its premium brand Van Heusen has launched ‘X-Lifestyle’, which is a new range of fashionable formals. The new range has been launched and designed specifically for modern professionals. The new…
Oil companies already making profits on petrol
Oil companies in Pakistan will cut the prices of petrol by Rs. 6 per litre effective October 8, 2012. The consumers in India may not be able to experience such luxuries, despite the fall in global crude prices and the rupee’s rise…
Indian government launches project to build house for displaced people in Sri Lanka
The Indian government on October 2, 2012 launched an ambitious housing project with a value of Rs. 1,300 crores in northern Sri Lanka. The project will be building brand new houses for 43,000 ethnic Tamil families who have been displaced…