No major relief for airlines from the Budget.
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Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.
Interim pension regulator PFRDA will launch from December this year its savings scheme, which aims to give greater returns on the deposits, and can be withdrawn fully.
A Northern California-based aerospace company has unveiled the smallest drone yet that can carry weapons behind enemy lines.
Concerned over rising incidence of mis-selling, the finance ministry has directed heads of public sector banks to put in place strong mechanisms to avoid unethical practices for selling insurance policies to customers. The Department of Financial Services has received complaints that fraudulent and unethical practices are adopted by banks and life insurance companies for procuring policies from the bank customers, a letter addressed to chairpersons and managing directors of public sector banks said. There have been instances where life insurance policies were sold to customers aged above 75 years in Tier II-III cities.
United States-based quick service restaurant chain Domino's Pizza on Thursday said share of India in its global revenue would increase substantially in the near future and that the country would become one of its top five revenue garners within three years.
US car maker Ford on Tuesday said it will phase out its hatchback 'Fusion' from the Indian market, as it gets ready to launch the small car 'Figo' next month.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
Following a successful year in the country, global luxury car maker BMW plans to expand its dealer network in India. While the German giant is considering metros and mini metros in the first round of expansion, it would also target tier-II cities with high consumer spending, Peter Kronschnabl, president, BMW India, said on Wednesday.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
The cities for which the CTTP is being framed are Mysore, Mangalore, Belgaum, Hubli- Dharwad, Bellary and Gulbarga, which are administered by municipal corporations. The plans are being drafted on the directions of the Directorate for Urban Land Transport. According to a recent study, urbanisation is going on at a fast pace. The urban population has risen 30 per cent.
Apart from physical stores, the company operates 2,700 digital touch points in the form of web pages, which is gaining good traction from tier-II and III centres.
Solar-powered phones, triple SIMs - tech-savvy citizens in rural India want it all, and are receiving it, too, from domestic brands.
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
The bank, however, plans to raise around Rs 500-600 crore (Rs 5 to 6 billion) to augment its tier-II capital in the domestic market. Union Bank of India, which had planned a rights issue to bolster its capital base, had deferred its plans even before the US financial meltdown started.
Vijay Mallya-promoted Kingfisher Airlines plans to launch more flights on new routes in its summer schedule, beginning March besides introducing services connecting Tier-II cities in the western and southern regions.
The former world No 1's second round victory set up a quarter-final meeting with Russia's Anastasia Rodionova at the Bangalore Open.
The Bangalore Open has received another boost with Serbian world number four Jelena Jankovic confirming her participation in the tennis tournament to be held in Bangalore from March 3-9.
The performance of the Mumbai-based public sector bank may continue to lag behind its peers longer than expected due to the deterioration in its credit cycle, the agency said. Even though IDBI's non-performing asset ratios improved significantly after bad loans worth Rs 9,000 crore (Rs 90 billion) were transferred to a trust in FY04, the current economic slowdown could impact the bank's corporate loan portfolio.
Unlike IT services companies, which require a large workforce, an average semiconductor design firm needs 150 engineers
India's mid-cap software companies may shed as much as 10 per cent of their workforce as revenues and margins have shrunk owing to a global slowdown, analysts say.
With growth in mobility and mobile penetration levels in tier II and III towns and cities, Microsoft India is looking at a larger chunk of its mobility business from these regions.
A new kind of pension-cum-savings scheme is on the anvil, which would provide a safety net as well as liquidity to the holder.
The rising rupee has become a major cause for concern among software exports firms. The IT industry, especially tier-II firms, which are not adequately hedged, will take a hit.
Kolkata excels in business performance with employee headcount and number of engineering students doubling in the last five years.
There are jobs for MBA graduates, particularly in sales, FMCG, telecom and consulting areas. The jobs, according to industry experts, are unfolding in new areas and domains in Tier-II and-III cities and in rural areas. Treating the first job as an extension of the college would be the best approach with the job situation in today's market. Good academics, soft skills, computer skills and learning on the job would be the primary requirements for candidates to find a job.
Pantaloon Retail (India) is planning to more than double the Big Bazaar stores to reach the 100-mark from the present 41 stores, while substantially increasing its presence in the South besides tier-II cities.
Under its IT/ITeS SEZ development plan, Electronic Corporation of Tamil Nadu (Elcot) is setting up nine IT SEZs in Tamil Nadu, developing 1 million sq ft space at an estimated cost of Rs 28,000-30,000 crore (Rs 280-300 billion) - one each at Perumbakkam village and Sholinganallur near Chennai, two in Madurai, and one each at Tiruchirapalli (Trichy), Krishnagiri, Salem, Coimbatore and Tirunelveli.
Venus and Serena Williams kept up their semi-final date with commanding victories over Vera Zvonareva and Anastasia Rodionova respectively at the WTA Tier II Bangalore Open on Friday. Venus won 6-4, 6-3, while Serena was through at 6-1, 6-4.
Disclosing her non-participation in the week-long tournament, beginning March 3, Tournament Director R Sunder Raju said no reason had been ascribed by the Indian ace for not participating.
The 26-year-old American, winner of eight Grand Slam titles, had pulled out of the event last year due to illness.
The Reserve Bank of India on Friday allowed commercial banks to raise capital funds through issue of foreign currency debt instruments. Foreign institutional investors can invest in these instruments.
Sania Mirza's campaign at the LA Classic ended after her American partner Bethanie Mattek had to pull out of the doubles semis with a back injury.
