Tea consumers should be ready to pay more their tea, as high cost of inputs, low supply and hiked wages to tea garden workers leads to a rise in prices. Sources indicate that tea prices will go up by Rs 10 per Kg, as the new season begins this year. The gap between demand and […]
Coca-Cola may have triggered a price war with its competitor Pepsi, after reducing the price for its 200 ml returnable glass bottle. This move comes just in time for the summer season, as the price of Coke glass bottles get a cut Rs 2, in select markets, bringing the price to a standard Rs 8 […]
The scheduled launched for the Association of Mutual Funds of India (AMFI) online mutual fund transaction platform has been delayed once again, due to a delay in vendor selection. The launched was previously scheduled to go through on April, but has now been rescheduled to the second half of this year. According to Mr V. […]
According to certain sources, the initial public offering (IPO) of the Multi Commodity Exchange (MCX) is expected to start on Feb 22 and close on Feb 24. Rated as India’s biggest commodity exchange by turnover, the CMX received approval by the capital market’s regulator to go ahead with the launch of IPO. The MCX is […]
In the race for sales, India’s car manufacturers may need to slow down their pace in order to avert a catastrophe in the enveloping capacity glut. Attracted by the 30% sales growth over the past two fiscal years, car manufacturers have committed $6 billion to produce over 6 million cars annually, nearly doubling India’s annual […]
Extending its reach over the internet, Railways’ Delhi Division has come up with a page on social networking site facebook, which allows users to check out the availability of train berths, timings and other related information. According to a senior Delhi Division official, the new Facebook page is linked to the National Train inquiry Service […]
State Bank of India, country’s leading bank operator is now in a difficult situation. SBI needs to raise funds of about $3 billion (Rs. 15000 Crore) to meet the loan demand. Apart from $1.6 billion (Close to Rs. 8000 crore) assured by the government, the bank needs to raise more funds. Worsening economy is resulting […]
FMCG major Dabur India registered a 11.9% increase in the net profit to Rs 172.82 crore while ICICI Bank declared a 20% rise in its net profit at Rs 1,728 crore and Punjab National Bank (PNB) reported a 5.5% jump in the net profit at Rs 1,150 crore; for the quarter, which ended on December […]
