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No penalty for below minimum balance: RBI

The Reserve Bank of India (RBI) on Tuesday asked banks not to levy penalty on customers who don’t maintain minimum balance in basic savings bank accounts. As part of a consumer protection initiative, RBI Governor Raghuram Rajan said: “Banks should ...

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Nissan rolls out Datsun GO at Rs. 3.12 lakh

The car is likely to intensify competition in the popular small car category and will compete with cars such as Maruti Suzuki’s Alto 800 and Hyundai’s Eon. Japanese auto maker Nissan, on Wednesday, launched the Datsun brand in India with ...

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India is Dubai’s top trade partner

DUBAI: India has emerged as the top trading partner of Dubai in 2013 with a trade volume of $37 billion, representing a 10 per cent share of the total foreign trade of the emirate. China comes second with a value ...

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Jet Airways connects Bangalore to Abu Dhabi

MANGALORE: Jet Airways has launched Bangalore’s maiden international flight to the Gulf, connecting India’s IT Hub with Abu Dhabi. The launch of Jet Airways’ inaugural service at Kempegowda International Airport (KIA), Bangalore was marked by a multi faith prayer followed ...

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Car sales continue to slide; Honda, Ford defy trend

Automobile manufacturers reported sluggish sales in February due to a slowing economy that is plagued by high fuel and interest costs. Sales of India’s passenger car manufacturer Maruti Suzuki declined marginally by 0.40 per cent in February to 109,104 units ...

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PF holders to get permanent numbers soon

Retirement fund body Employees Provident Fund Organisation (EPFO) has asked its field staff to clean up records as it plans to issue universal (permanent) account numbers soon to its over 5 crore subscribers. The account number will help those workers ...

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Gulf carriers to rule Indian skies

NEW DELHI: India’s huge aviation market is now officially the battleground for Gulf carriers, with Indian airlines forced to watch them walk away with a lion’s share of the country’s globetrotters. Bucking the code of conduct that will kick in the moment election dates ...

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20 Tips to Help Improve Your Business!

1. Be a more efficient time manager by using the rule of two. Focus on the two most important tasks in your day, and you’ll become more productive. 2. Start a filing system and toss everything you don’t need. Eliminating ...

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