Tripura village gets Aadhar enabled micro ATM facility
The Unique ID Authority of India, along with United Bank of India and Tripura Gramin Bank undertook field trial of the Aadhar-enabled payment system on October 18, 2012. The trials were carried out with bio-metric online authentication of beneficiaries in…
Parle to sue FDA over false allegations
Indian biscuit and confectionery manufacturer ‘Parle Products’ said on October 16, 2012, that it will take legal action against the Maharashtra Food and Drug Administration. Parle reacted to FDA’s claims that its product branded ‘Kaccha Mango Bite’ contains lactic acid beyond permissible limits….
Jet Airways to offer business class seats in Konnect to fill in gap by Kingfisher
Indian airline carrier Jet Airways, on October 15, 2012, said that it has configured all of its 75 JetKonnect Boeing 737’s with a twin class configuration. The airline will now offer eight business class seats on every aircraft so as…
Aircel to cut 600 jobs due to surging costs?
Telecom operator Aircel is expected to cut some 600 jobs, or 12% of its workforce in the near future. The company took the decision to reduce its workforce in six of its un-profitable regions, due to surging costs as well…
NHB says housing to be more affordable
In some good news for people who are planning on buying a new house, NHB, the housing finance firm regulator said that there might be a price correction in the housing segment. The correction might be due to the inventory…
Domino’s Pizza in India to hike prices
All Domino’s Pizza outlets in India which are run by the Jubilant FoodWorks company are set to hike their prices by 2 to 3 percent as of October 12, 2012. The company said that the new prices will be effective next…
Max Bupa launches new Health Assurance health policy
Health insurance company Max Bupa Life Insurance as launched its new health insurance policy. The new policy which is known as the Health Assurance, offers defined benefits to its policy holders. The new policy is available as an individual policy…
KFC outlet in Kerala shut down due to worm complaints
Despite attempts of crisis management, an outlet of the popular US based restaurant chain Kentucky Fried Chicken in Thiruvananthapuram has been shut by the Kerala food safety authority. The outlet was shut after worms were found in one of the…
General Motors India hikes prices up to Rs. 20,000
Auto manufacturer General Motors on October 5, 2012 said that it will be hiking the prices of its entire range of vehicles by Rs. 20,000. The hike in prices will come into effect from October 8, 2012 due to fluctuating…
Real estate developers look for new ways to reduce construction costs
With the increase in input costs across markets, real estate builders across the country are looking for new technologies to control construction costs. Real estate sales are seeing reduced sales as costs rise across the country. It has been noticed that…