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…
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…
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…
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…
RBI says 9% of banks in India don’t want to lend to poor
There are many banks in India which show reluctance to lend money to the poor. This is in turn is effecting the implementation of Prime Minister Manmohan Singh government’s financial inclusion scheme. The Reserve Bank Of India (RBI) has found…