‘Business News’ Archives
Kingfisher Airlines to stop international flights, KFA may lose licence?
Kingfisher Airlines 0 onwards5 to 16 aircraft as against 28 planes submitted last month Kingfisher Airlines may lose licence Union Aviation Minister Ajit Singh on Tuesday said cash-strapped airlines Kingfisher Airlines may lose its licence if it doesn't adhere to safety norms The minister said that Directorate General of Civil Aviation DGCA [...]
BHEL to set up a 300 MW Thermal Power Plant in Visakhapatnam
BHEL signs Rsx300 MW Thermal Power Plant in Visakhapatnam, Andhra Pradesh% of their power plant equipment orders from IPPs,560 MW for Power Plant Equipment received by BHEL during 2009-10 and 2010-11, the orders received from IPPs alone accounted for 22,369 MW,000 MW rating50 MW, 270 MW, 300 MW, 525 MW and 600 MW, in addition to 250 MW and 500 MW [...]
Jetprivilege inks partnership with Barista Lavazza
MUMBAI: In an endeavor to offer its members an enhanced lifestyle experience, Jet Airways' JetPrivilege, India's largest frequent flyer programme, has entered into a partnership with Barista Lavazza9, 2012, JetPrivilege members will be able to earn 5 JPMiles on every INR 100 spent 60 cafes in India01 aircraft, which includes 10 Boeing 777-300 ER [...]
Jet Airways consolidates and re-brands its low-fare products
Jet Airways Konnect and JetLite to be rebranded as JetKonnect, effective March 25 MUMBAI: As part of a strategic rebranding exercise, Jet Airways, India’s premier international airline, will consolidate its low fare service products under the JetKonnect brand to simplify the group’s service proposition and enhance brand recall2 guests to [...]
Mercedes-Benz launches city bus in India: “Travel with the Star”
Mercedes-Benz is one of the largest bus manufacturer of the world, introduces its low entry City Bus first time for the Indian market City Bus creates new benchmark in the segment: Striking exteriors, spacious & comfortable interiors with low entry design, fuel efficient Euro IV compliant engine with BlueTec® diesel technology, stringent [...]
Coca-Cola India celebrates Sachin Tendulkar’s 100th century
"Sachin has spread happiness and joy ever since he held the cricket bat in his hand00th Hundred Sachin is a part of the Coca-Cola family, and our entire system joins the country in the revelry and celebrations, by releasing the special edition Coca-Cola 'happiness' cans - our tribute to the master" - Atul Singh, President & CEO, Coca-Cola [...]
IATA Signed MOU with GMR Aviation Academy
Hyderabad: During the inaugural function of ‘India Aviation -2012’ today at Begumpet, Hyderabad, INTERNATIONAL AIR TRANSPORT ASSOCIATION ICAO‘s AMPAP Gateway program –Airport Management Professional Accreditation Program – Air Transport Systems towards an International Airport Professional IAP designation GMR Airports with four Airports [...]
Tata Steel among World’s Most Ethical Companies
Tata Steel recognised as one of the most ethical companies in a worldwide survey conducted by Ethisphere Institute Tata Steel has been named among the world’s most ethical companies by an American think tank, Ethisphere Institute2 list of ‘World’s Most Ethical Companies’ -- the other being Wipro -- prepared by US-based [...]
Wipro mamed by Ethisphere Institute as one of the World’s most ethical companies
ecognized for demonstrating leadership in ethical business practices Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited 2 World's Most Ethical 2 World's Most Ethical Companies list2 demonstrates its industry-leading commitment to ethics and dedication to integrity2 list features companies [...]
Tata Motors hikes car prices by up to Rs 35,000
Tata Motors on Monday said it has increased prices of its passenger vehicles, including the Nano, by up to Rs 35,000 with immediate effect due to hike in excise duty in the Budget for 2012-13 "We have raised the prices as per the excise duty hike in the Budget In passenger cars, the increase will vary between Rs 2,000 and Rs 8,000 depending [...]
Fuel price hike after Budget session, hints FM
Union Finance Minister Pranab Mukherjee on Monday hinted at a hike in diesel and cooking gas 0, diesel and domestic LPG are sold at highly subsidized prices
Budget 2012: Income tax exemption limit raised to Rs 2 lakh
Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 12-13 in the Lok Sabha, he also increased the limit to Rs 10 lakh under the 20 per cent tax slab0,000 of interest income from tax0 per cent tax on income between Rs 2 lakh and Rs 5 lakh; 20 per cent between Rs [...]
Budget 2012: Gold, platinum, Day-to-day items and luxury cars to cost more
Gold and platinum along with luxury cars and Day-to-day items will be costlier0 per cent," Finance Mukherjee said in his Budget speech2-132-132 per cent from the existing 10 per cent except in a few items, common man will have to pay more while travelling by air or hiring a law firm2 per cent from the existing 10 per cent0 per cent from 5 per cent [...]
Prices to go up, down after Budget 2012-13
While presenting the Union Budget 2012-2013 Pranab Mukherjee proposed to increase duty on large cars and refined gold and remove any duty on import of silver2-13 Prices to go up ACs Gold jewellery Refrigerator Luxury cars Air travel Telephone bills Sport Utility Vehicles Cigarettes Handrolled beedis Platinum [...]
Defence Budget hiked by more than 17 pc
With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was on Friday substantially hiked by more than 17 per cent to Rs 1,93,407 crore from last year's Rs 1,64,415 crore26 Medium Multi Role Combat Aircraft 45 Ultra Light Howitzers 97 Light Utility Helicopters [...]
Budget 2012 to be inflationary, says industry
As Finance Minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc today said his Budget is a "missed opportunity" and would have cascading impact on inflation and consumer demand2-13 at a time when the industry is facing slowdown in demand "deficit is still high which is disappointing Things are going to become [...]
Union Budget 2012-13 Summary
BUDGET IDENTIFIES FIVE OBJECTIVES RELATING TO GROWTH, INVESTMENT, SUPPLY BOTTLENECKS, GOVERNANCE, AND REMOVING MALNUTRITION AMENDMENT TO FRBM ACT INTRODUCED AS PART OF FINANCE BILL CENTRAL SUBSIDIES TO BE KEPT UNDER 2 PER CENT OF GDP; TO BE FURTHER BROUGHT DOWN TO 12TH PLAN IN INFRASTRUCTURE TO GO UPTO RS,80,000 TO RS0 LAKH GENERAL ANTI [...]
Service tax rate raised from 10 percent to 12 percent
The Service tax rate has been marginally raised from 10 per cent to 12 per cent2-13 in LokSabha today, the Union Finance Minister Shri Pranab Mukherjee said that to maintain a healthy fiscal situation, the Government has raised the service tax with consequential changes in rates from services that have individual tax rates8,600 croreMeanwhile, the [...]
Excise duty on cigarettes, gutka and zarda hiked
The Union Budget 2012-13 proposes to increase excise duty on ‘demerit’ goods such as certain cigarettes, hand rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda scented tobacco- per metric tonne from Rs- per metric tonne under the COIL Industries Development Act Multi-Utility Vehicles/ Sports Utility Vehicles [...]
Duty-free baggage allowance increased in the Budget
Presenting the Union Budget 2012-13 in the LokSabha today, the Union Finance Minister Shri Pranab Mukherjee has proposed to increase the duty-free baggage allowance for eligible passengers of Indian origin from Rs0 years from Rs5,000 The baggage allowance was last revised in 2004 The Finance Minister Shri Mukherjee said in his Budget Speech [...]
