State Bank of India has launched an enterprise-wide loyalty programme – State Bank Rewardz through which it will reward its customers for various types of banking transactions with the Bank. Customers will be enrolled automatically into this programme as soon as they start using at least one of services that offer points. Customers will be […]
Toyota Kirloskar Motor (TKM) said its sales fell 8% in June this year compared to last year due to maintenance downtime at its factory. “We sold 10,464 units in the domestic market last month, due to limited production on account of the planned shutdown. We deeply regret the inconvenience caused to our customers due to […]
Sales of Royal Enfield motorcycles, built by Eicher Motors, has jumped 48% in June, the company said. A total of 37,341 Royal Enfield bikes, including Bullets, were sold in June compared to just 25,303 sold in the June of last year. The number indicates an acceleration in the sales of Enfield motorcycles. They were rising […]
Lonely Planet India, the local arm of the prestigious travel guide company, has selected The Leela Kovalam situated in Kerala as the “Best Hotel for Relaxation” at its annual travel awards. The Raviz hotel has, in the past, won other awards from Lonely Planet India – Best Resort Hotel in 2012 followed by Best Hotel […]
Maruti Suzuki’s entry-level sedan, Ciaz, has seen a deceleration in sales in June after starting off very strong in October last year. The model, priced in the Rs 8-9 lakh category, had seen monthly sales of around 6,500 initially. In April and May of this year, sales was around the 5,000/month level. However, in June, […]
Keeping up its aggressive new products initiative, Hero MotoCorp Ltd. (HMCL), the world’s largest two-wheeler manufacturer, today introduced ‘Xtreme Sports’ – the new sportier and more powerful version of its popular 150-cc motorcycle Xtreme. This is the second product launch from Hero MotoCorp in in the month of June, having earlier rolled out the new […]
Axis Bank, India’s third largest private sector bank has launched a Fixed Deposit scheme titled “Fixed Deposit Plus”, which gives customers a higher rate of return on their fixed deposit investment compared to regular Fixed Deposit rates. The differential rates on Fixed Deposit Plus with a lock in are currently available for a minimum period […]
The BJP has in-effect defeated the Left front in the Aruvikkara by-election and helped the Congress win by cutting into the Hindu votes in the constituency. While the Congress candidate KS Shabarinathan got 56,448 votes, the runner-up, M Vijayakumar of the Left, got just 46,320 votes. BJP’s O Rajagopal got 34,145 votes. The Congress was […]
It’s a move that would be greeted with much glee by harried Bangaloreans, but commercial considerations are understood to have forced the civil aviation ministry to oppose the reopening of the city’s old airport at HAL. The airport in Hindustan Aeronautics Ltd was shut down in 2008 when the GVK-group’s Bangalore International Airport Ltd became […]
Housing.com, one of the most aggressive real estate classifieds firm in India, said it had sold 300 homes of builder Mantra Properties, worth over Rs 60 crores, within a month through a special campaign on its website. The achievement makes it one of the most successful online realty campaigns in India. The announcement comes close […]
India has extended additional Line of Credit (LOC) to the Government of the United Republic of Tanzania, of USD 268.35 million for financing the extension of Lake Victoria pipeline to Tabora, Igunga and Nzega in Tanzania. The loan has been routed through Export-Import Bank of India (Exim Bank). The line of credit agreement was signed […]
The Reserve Bank of India has flagged two key areas of concerns as far as monetary policy is concerned – the threat of poor monsoon, and the return of high inflation due to possible increase in oil prices. “While headline inflation has moderated, price pressures arising from a possible sub-normal monsoon and uncertainties about crude […]
Tata AIG General Insurance Co, one of India’s top insurers, has been pulled up by the country’s top consumer court after the company claimed that it did not insure a buffalo as claimed by a farmer, and that someone had cheated the farmer by forging documents. “It is a sad story that the gullible persons […]
The National Consumer Rights Redressal Commission, India’s top consumer court, has reversed orders by lower foras that had awarded damages in lieu of a registered post that was lost in transit by India Post. Presiding member Justice JM Malik set aside the orders of district and Chhatisgarh state consumer commission after holding that India Post […]
Jet Airways, one of India’s top three airlines, denied rumors of its foreign partner Etihad Airways, approaching the government for permission to increase its stake in the Indian airline. “With reference to news item appearing in leading newspaper dated June 24, 2015 titled, “We would like to state that certain media reports about Etihad Airways […]
Volkswagen will launch the 2015 version of its C sedan Vento today at 12 noon. Dealers have already started taking orders for the new Vento. The Vento competes with Honda City, Maruti Suzuki Ciaz and Hyundai Verna 4S in India. The 2015 model is unlikely to witness any big change on the internals, with the […]
Finance minister Arun Jaitley said India’s economic growth prospects for the current year is improving with the improvement in monsoon rains. Speaking an interaction with representatives of Silicon Valley companies such as Microsoft, Amazon, Oracle, Google, Cisco, First Solar, Aemetis, Ebay and so on, Jaitley said monsoon predictions are improving and with it the prospects […]
Swaraj Abhiyan, the new outfit floated by Aam Aadmi Party leaders Prashant Bhushan and Yogendra Yadav, said it is planning to establish ‘Aman’ or peace committees across India to counter religious polarization. The move is a response to attempts by fundamentalist religious and political forces to increase divisions within the Indian society, Prashant Bhushan said. […]
Close on the heels of another discount offer by SpiceJet, AirAsia has also announced what looks like a much bigger promotional offer. AirAsia India is offering all-inclusive one way fare from as low as Rs 799 for flights from Bengaluru to Kochi, Rs 999 from Bengaluru to Goa/ Pune/Vishakapatnam , Rs 1599 from Bengaluru to […]
Bajaj Auto said its latest premium motorcycle Bajaj Pulsar RS 200 has seen over 7,000 bookings in the first three months since launch and that the waiting period for the model is now two months. Pulsar is Bajaj Auto’s key profit driver and arguably the most successful motorcycle sub-brand along with Hero’s Splendor. ““The all […]
