Petrol Prices may be increased by Rs8 per liter this month

In wake to recover past revenue losses that is up to 5,000 crore, oil firms in national capital New Delhi are likely to plan to hike petrol prices just on the day when on this month the Parliamentary budgetary session end.

State oil firms does not revise the fuel price without permission of Oil Ministry, and as per a Cabinet decision, the ministry not allowed them to freely raise petrol prices because of political customs.

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Bank of Baroda overtake Punjab National Bank as 2nd most profitable public sector bank

Bank of Baroda 150x150 Bank of Baroda overtake Punjab National Bank as 2nd most profitable public sector bankGood news for investors, the govt. has stepped forward to make India’s second largest public sector bank on basis of yearly profits as State-owned Bank of Baroda (BoB) has planned to overtake PNB.

However from last few months, investment market situation worsen a lot, reducing sharply slope of economy due to inflation and rupee weaken, but with all these issues, performance of banks is not downed.

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Air India pilots strike enters 5th day, asks PM to look into the matter

As the agitation by protesting AI pilots entered the fifth day today, senior pilots send a letter to Prime Minister Manmohan Singh, asking to be involved in sought to end the worsen crisis.

In their letter to the chairman and managing director of AI and PM, the agitator pilots said their demands for training on Dreamliner were genuine. They requested PM to look into matter.

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Reliance Digital celebrates 5 years of successful growth

Reliance Digital, the consumer electronics and durable concept of the Reliance Retail had its first outlet launched in the year of 2007.

With 75 stores in all the four corners of all the country i.e. North, South, East and West, it offers the latest and superior quality products at the most affordable prices.

Uplifting the standards of shopping in the country, it enabled consumers to choose from an array of brands in a spacious store where shopping is unfussy and convenient.

The store count increased three times in the last financial year. Besides, the number of stores has doubled every year since the time of its first launch on an average.

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Pilots Strike: 12 Air India, 7 Kingfisher flights cancelled

Impact of worse Aviation crisis downing the flights schedule as AI pilots strike entered the fourth day on Friday and due to less number of pilots 12 international flights were cancelled.

AI official told reporters, due to absence of pilots via mass sick leave since agitation begins “All our long haul flights to U.S., Europe, Riyadh and Jeddah from Delhi and Mumbai have been cancelled.”

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Jet Airways to set-up more flight service to Dubai

One side where Air India and KFA airlines are badly affected from agitations by their pilots that cancellation so many flights, Jet Airways announced today to open the route for Mumbai- Dubai flight passengers.

There are three flights already operated on huge demand of passengers on Mumbai –Dubai sector, and a new one is now going to be added, seeking more aviation benefits.

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RBI tightens rules for using of foreign currency FDs

Tighten the rules for using of foreign currency fixed deposit funds, RBI announced in a statement that funds can only be used for fulfill needs in form of working capital or routine expenditure of those entities who have with a risk management policy for managing the exchange rate risk.

“Accordingly, it has been decided that the FCNR(B) funds representing deposit liabilities may be utilised for making loans to resident constituents for meeting their foreign exchange requirements,” RBI said.

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AI may move to Court as pilot’s strike

AI pilots strike has carried on its second day that resulted cancellation of four international flights two each from Delhi and Mumbai.

Seeing a worse hit over the flight operations, Air India management now decided to approach the court against agitators, a section of pilots on strike.

“The management is also mulling the option of approaching the court against the pilots’ agitation,” sources said.

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Suzuki recalls over one lakh Swifts worldwide, Indian market unaffected

Maruti Suzuki India [MSI], the biggest car manufacturer of India, has recently announced that its working is not affected by the so-called global recall of over one lakh Swift compact cars by its Japanese parent Suzuki.

While talking to media in national capital, an official from MSI said, “The Swift cars made and sold in India by Maruti Suzuki are not impacted by this recall.”

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