Tyre manufacturers fear drop in sales due to poor monsoon
As the condition of drought is likely to hit in many parts of India, the tyre manufacturers fear that the condition will aggravate the slow trends in the market. This will also prevent the companies from taking full advantage of…
Reckitt and Benckiser to move briskly in markets of India
British multinational consumer based goods company’s India based CEO Rakesh Kapoor said that last week that the company is looking forward to move quicker in to key BRIC emerging markets of India, Brazil, Russia and China. Kapoor added that the…
Bosch suspends manufacturing to avoid excess inventory
Manufacturers of auto components, Bosch Ltd said that it will be suspending operations from its manufacturing plants in Bangalore and Nasik. The company said that it will be suspending its operations so as to avoid unnecessary built up of inventory….
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…