On April 1st 2009, The Reserve Bank Of India (RBI) had taken an extra concern and had given the freedom of using Third party ATM’s (Automatic Teller machine) all over India. This had benefited millions and millions of account holders who were provided with the freedom of using ATM’s (for the purpose of withdrawal, balance enquiry) of Banks were [...]
McDonald, a leading global food service retailer which proudly holds around 31,000 restuarants all over the world in almost 118 countries had lost it’s eight year battle to McCurry. McDonald which has almost 185 outlets in Malaysia, looses itself to McCurry McCurry, started by Mr. P. Suppiah is a small family fast food restuarant in Malaysia, [...]
The Sixth price hike on Flat steel Products in this financial year of 2009 -2010. However, the long steel product’s price remains low. On September 1, 2009, The major players in the Indian Steel industry – “SAIL (Steel Authority of India)” and “Tata Steel” announced their hike in the steel prices on some of their [...]
Ratan Tata, the chairman of Tata groups announced this friday that Tata Tea is expected to be renamed in a couple of months. After the annual general meeting which was held at Kolkata, it was decided that Tata Tea has to be renamed. The process is on and the rebranding will be done by a [...]
The Reader’s Digest Association Inc. , was founded way back in 1922 by the young couple Lila Bell Wallace and Dewitt Wallace. According to Media Mark Research(MRI), this best-selling consumer magazine most popular in the USA based at Pleasent ville, New york was circulating to almost 5.5 million copies to it’s readers filled with general interest topics and [...]
All About Deflation The opposite of Inflation, “Deflation” is decline or fall in the price levels of commodities and services for a certain period of time due to the contraction or reduction of money and credit supply . Whenever Inflation rate goes below zero percent or in the worst cases goes negative, it is said [...]
The Global Recesion had been a great Shock for the entire world resulting in a huge loss to all the individual countries in all respects. All About RECESSION Recession is a slowdown or decline in the economic activity or the fall of GDP of a country for 2 or more consecutive quaters. When such a [...]
"BANKS" - GOING BANKRUPT!!!Banks going Bankrupt??? Sounds Shocking??? Yes, indeed it was a great shock for the banking industry as such when “Lehman Brothers Holdings Inc.” filed for bankruptcy protection under Chapter 11 of U.S.A Brankruptcy code on Sep 15, 2008 and also had given away its assets which was close to $600 Billion while filing. “Lehman Brothers [...]
The Common public had been patient and eagerly waited for the “Union Budget Highlights for 2009 – 10″ which has turned out to be a successful one. Let’s take a quick glance on the Union Budget 2009 – 10 presented in the Lok Sabha by our Finance Minister Mr. Pranab Mukherjee. Tax Updates At A [...]
DLF TO DIVEST IT’S NON-CORE BUSINESS Kushal Pal Singh and Rajiv Singh along with their family members , the promoters of DLF Ltd., which is the Largest Indian player in th Real Estate Business has planned to divest it’s non-core businesses as they are facing a net debt of Rs. 13k crores. So it is [...]