P Chidambaram suggests new measures to lift Indian economy
The new Finance Minister of India P.Chidambaram, on August 6, 2012, has suggested new measures so as to boost the investment and lift the sagging economy. Chidambaram on Monday promised to fine tune the policies to put in place a…
Rs 20 crore raised by Wealth India Financial for expansion
The promoters of online investment services platform FundsIndia.com, Wealth India Financial Services have raised Rs. 20 crores from the existing as well as new investors. The company said that the proposal for the fund raising was led by venture firm…
House prices to rise despite economic slowdown
The house prices in India have gone up by more than double in the past five years and it is expected that it would rise further. The prices of the houses is expected to rise despite the fact that the…
Essar Oil’s bank accounts de-frozen
India based oil company Essar Oil on July 27, 2012 said that Gujarat government has de-frozen its bank accounts. The bank accounts of the company were de-frozen after it paid Rs. 1,000 crore in sales tax dues. The company in…
Govt to keep a check on ever rising air fares
In India it has been noticed that the air fares keep going up. In the last few months the increase in the fares has been exponential due to the ongoing trouble in Air India and Kingfisher Airlines. In the month…
Government decides on Boeing Dreamliner compensation amount
On July 25, 2012 a Group of Ministers (GoM) decided on the compensation amount that Air India would claim from Aircraft manufacturer Boeing Co. The compensation will be demanded for delaying more than three years in delivering the Dreamliners B787….
Diesel hike to be recommended by oil ministry
It is likely that the Petroleum Ministry might push for a diesel price hike before the monsoon session of the Parliament begins on August 8, 2012. The prices of diesel has been left untouched for about a year now while…
Oil companies hike petrol prices by 70 paise
The oil companies after two rounds of rate cuts on petrol prices last month. The prices of petrol have been hiked by 70 paise per litre on July 24, 2012 on firming international oil rates. After the hike, the petrol…
Petrol and diesel pricing widening in Indian market
People who are looking for buying diesel cars must be ready to shell out 20% more price than that they had bargained for a year back. While the petrol car buyers can bargain their cars for a striker price which…
Planning Commission orders states to raise power tariffs
The states have been asked by the Planning Commission to increase the charges of electricity. The Planning Commission has also been asked to use the power subsidy to improve the essential services like drinking water, health and education. The Commission…