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Kingfisher Airlines Employees turn against Mallya
After facing a lot irregularity in salary, the employees of Kingfisher Airlines have lost all patience. As a last major they have threatened to disrupt the upcoming IPL matches to protest against their flamboyant Boss Vijay Mallya, who owns…
Sensex in Red after DMK pulls out of Govt
The BSE Sensex took a heavy beating after the DMK withdrew its support to the Congress-led UPA Government at the Centre, signalling that the collapse of the incumbent government could turn out to be disastrous for the Indian economy.
The…
Petrol Prices reduced by Rs 2 Per Litre
In a huge relief to the consumers, the oil companies have slashed the petrol prices by Rs 2 per litre with effective from midnight today. This is the sharpest fall in petrol prices in nine months, which gives a "feel good" impression to…
Ayukawa appointed as New MD of Maruti Suzuki India
Kenichi Ayukawa was appointed as the new Managing Director and Chief Executive Officer of country's largest carmaker Maruti Suzuki India. He will take over the charge from April 1, 2013 succeeding Shinzo Nakanishi.
Ayukawa's appointment…
Cobra Post “exposes” ICICI, HDFC and Axis Bank
Journalist Aniruddha Bahl made sensational claims, citing a sting operation by his online magazine Cobra Post to nail three major private banks in India - ICICI Bank, HDFC Bank and Axis Bank. Cobra Post's investigation has "exposed" how…
Dead Insects found in Dettol Bottle in New Delhi
Dettol, the popular antiseptic liquid by Reckitt Benckiser (India) Ltd may not be trustworthy to use as the producing company was fined compensation of Rs. 10,000 after the consumer found dead insects in the Dettol bottle and then moved to…
Feb 2013 Car Sales fall by 25.7 Per Cent
Car sales in February plunged by 25.7 per cent, the biggest fall in more than 12 years. The fuel price hike and slow economy are believed to have put major impact on the demand of automobile in the market.
According to data from the…
Average Indian Pay Hike stands at 10.3% in 2013
Employees in India are expected to get an average salary hike of just 10.3 per cent this year, the lowest in a decade, as the industries are being affected by country's slow economy. According to the Annual Salary Increase Survey by HR…
Maruti stops production at Gurgaon Plant Today
India’s largest car maker Maruti Suzuki India (MSI) has stopped production today at its Gurgaon Plant. The production unit has a capacity to roll out between 3,500 and 4,000 units of vehicle in a day.
The probable reason of today’s…
Cadbury India lands in Tax Evasion Row
Chocolate giant Cadbury has been accused of evading $46 million in taxes by using a non-existent factory. The Wall Street Journal reported that Cadbury India manipulated invoices and other documents to get a tax exemption for companies that…