Now ATM machines to also accept deposits
The Indian government on August 18, 2012 said that the banks have been asked to upgrade their ATMs to double up as cash collecting machines. This will help to mobilise the Rs. 11 lakh crores lying as cash with people….
McDonald opens first outlet in Jammu and Kashmir
Popular America based fast food giant McDonalds has on August 17, 2012 opened its first outlet in the Indian state of Jammu and Kashmir. A senior state official described the event as a sign of restoration of peace and normalcy….
Subway to open its first vegetarian outlet in Punjab
American restaurant franchise which primarily sells submarine sandwiches and salads, is all set to open its first all-vegetarian restaurant in India. A private University in Jalandhar has managed to convince the restaurant giant about the benefits of vegetarianism. Jalandhar’s Lovely…
Maruti Suzuki operations to begin from Aug 21, sacks 400 regular workers
Indian auto giant Maruti Suzuki India on August 16, 2012 announced the termination of services of 500 regular workers from its Manesar plant. The company also said that the operations at the plant will resume from August 21, 2012. R…
Ratan Tata refuses retirement package
It was suggested by a Tata Steel share holder that a good retirement package would be a welcome gift to most. But Tata Group Chairman Ratan Tata turned down such a suggestion and said that the company has taken good…
McDonalds to cross 250 outlets in West and South India
Popular fast food chain Mc Donalds India has planned to open up to 50 outlets per year. The fast food chain aims to cross the 250 outlet market in the West and South India in the next three years. Amit…
Tata Motors aims to sell two lakh Nanos this financial year
The chairman of the Indian auto giant Tata Motors, Ratan Tata on August 10, 2012 said that the company is targeting to sell two lakh units of its ultra small Nano car this year. Tata was talking at the 67th…
Maruti Suzuki to restart production at Manesar plant
After the major violence hit at the Manesar plant of Maruti Suzuki, the company is now preparing to lift the lockout from the plant and begin production in phases. The chairman of the company RC Bhargava while talking to the…
Launch of electric cars in India a major challenge
In an era when the fuel prices in India are touching the sky, it has now become essential to take drastic steps to take measures to launch e-cars in the Indian market. But the German car manufacturer, Volkswagen said that…
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…