Government to increase diesel, kerosene and cooking gas prices
There are chances that the government might increase the diesel, cooking gas and kerosene prices after the presidential polls. But rest assured as the petrol prices will remain stable this month. An official in the condition of anonymity said, “Diesel…
P Chidambaram likely to take over as Finance Minister
There are chances that Home Minister P Chidambaram, might once again take charge of the finance ministry before the Parliament’s monsoon session ends early next month. Chidambaram on July 10, 2012 also indicated that the government has lined up a…
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…
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…
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…
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…
Eurozone Crisis : Greece government to agree on renegotiation
There are possibilities that the government of Greece might agree on June 19, 2012 to form a government to seek relief from the austerity measures which is imposed as measures as a condition for emergency loans. Fotis Kouvelis the Democratic…
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