Central Bank of India slashes interest rates on loans
Government owned Central Bank of India has announced that a reduction of up to 2 % in the interest rates across the retail loan categories. This also includes home loans, vehicle loans and other retail advances like the personal loans…
Indigo, Jet Airways charge highest fares, Kingfisher charges lowest in July
Low cost Indian airline Indigo charged the highest fares on several sectors, while the Kingfisher Airline which was once considered as the ‘first class’, charged the cheapest. The latest figures from the month of July had shown some of the…
SBI launches online application service for youth
Country’s largest financer State Bank Of India Card has on August 28, 2012 launched an online application service which aims to acquire about 3,000 customers through its initiative in the next four months. With the new service the bank aims…
RBI to introduce rupee symbol in Rs. 1,000 rupee note
The Reserve Bank of India on August 28, 2012 said that it will soon be launching Rs. 1,000 denomination bank notes with the rupee symbol. Till now the Rs. 1,000 rupee note did not have the rupee symbol which was…
Jet Airways launches co-branded credit card along with ICICI Bank
Indian carrier Jet Airways which is the second largest private airline announced the launch of its co-branded credit card with ICICI Bank. Jet had earlier announced the tie up earlier with HDFC Bank for its flying miles programme. Now the…
Public sector banks resume operations after strike
The operations of the public sector banks resumed on August 24, 2012 after a two day strike which was called by the unions. The normal banking operations resumed which included the millions of piled up cheques. The unions of the…
Mutual funds to be purchased from mobile phones
After the introduction of mobile banking, now there are also other tasks which can be done through the mobile phone like trading stocks, commodities, currencies and so on. Now the mobile phone users can also invest in the mutual funds…
Katrina Kaif signed as brand ambassador for Relaxo Flite
Bollywood actress Katrina Kaif has been roped in as the brand ambassador of the Indian footwear maker Relaxo for its Flite brand. Kaif has signed a two year contract with the company during which she will be endorsing the Flite…
Alstom India bags Rs. 700 crore deal for nuclear power appliance
Power generation company Alstom India on August 22, 2012 said that it has been awarded with a Rs. 700 crore contract. The contract will be implemented with the state owned company BHEL for supplying power equipment for Nuclear power corporation’s…
Milk prices not to be increased despite dry weather
This year, India has been hit by below-average monsoon in many parts of the region. Despite the drought like conditions in the major milk production regions, milk is available in abundance with fears that the prices might rise. However, there…