Category: Business

Govt. reveals list of services to be kept out of tax

On Friday, The Pranabh Mukherjee, Finance Minister of India, took out a list from his bag of public services. Such a list is showing a hope to be tax free.

Non-air conditioned second class train travel, health facilities, metro and monorail, public transport buses, metered taxis and three-wheelers, preschool and recognized education providers are among services, which are proposed to be kept out of the service tax net. Read more

Vijay Mallya demands Rs 400 crore loan from SBI

On Friday, The chairman of Kingfisher’s airline, Vijay Mallya, had troubled to fight the battle on multiple fronts. In international market, Mallya is the business man, who compared with flamboyant British entrepreneur Richard Branson.

Though, his company is now going through tough time and facing some financial disaster. By putting all things in the right way, he has planned to raise a loan and met Pratip Chaudhuri, chairman of India’s largest bank SBI for a short-term loan of Rs 400 crore to meet working capital requirements like Pratip Chaudhuri, chairman of State Bank of India and to repossess 16 aircraft for delay in payment of rentals.

The bank enforced him for letters of credit and guarantees, which would raise the amount of capital by Rs 445 crore. Read more

Jet Airways grabs the Best Domestic Airline award

Travel Award is given in the honour of best in organization, service provider and best in infrastructural services.

Such travel award has been put in hand of Jet Airways as declaring the ‘Best Domestic Airline’ at the fifth edition of the CNBC Awaaz Travel Awards 2011.
On Friday in New Delhi, Subodh Kant Sahay who is the Union Minister for Tourism, presented this award to Gaurang Shetty, the Senior Vice President- Commercial of Jet Airways’ Read more

Airtel hikes tariff on International calls by up to 10%

airtel new logo Airtel hikes tariff on International calls by up to 10%Some fresh reports have said that due to financial pressure, one of the biggest private sector telecom leader Airtel has recently announced to hike the tariff of its international call rates by up to 10 percent for some destinations for all customers and slashed some benefits on add-on services for its prepaid customers.

While talking to media, an official from the company said, “Tariff rationalisation is a continuous process and a function of market dynamics. With the correction of tariffs for a few international destinations, we continue to remain competitive and deliver value to our customers.” Read more

Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors