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Accor to employ 1,100 employees in India
France based hospitality group Accor said that it intends to hire 1,100 people in India this year. The firm said that the recruitment will be made so as to meet the needs of its growing network.
Accor intends to operate about 90 hotels in India...
Tata Motors and Fiat end distribution alliance
Indian auto giant Tata Motors and Fiat on May 2 announced that they have ended the distribution alliance formed in the year 2007. The two companies came together to distribute and service the vehicles of Italian firm.
The agreement between...
Kingfisher Airlines employees to approach Labour Court
A section of the ailing Kingfisher Airlines staff has claimed that their salaries have not yet been paid. The section includes, engineers and pilots, who are now planning to move to the Labour Court.
A few of the employees of the airlines on...
Airtel launches e-commerce shop offering products of up to 33% discount
Telecom giant Airtel has launched its new e-commerce portal, which is known as the Airtel Shop. The new Airtel Shop offers deals with handsets, digital TV and broadband connections at http://shop.airtel.com.
The online shop of Airtel offers...
Aviation Ministry criticises and opposes hike in service tax
After the announcement of the four fold hike in the service tax on air travel, the Civil Aviation Ministry (CAM) have strongly opposed the budget proposal. The CAM termed it as a retrograde step that would hit the fliers as well as the airlines...
Hike in charges at Delhi airport upsets airlines and passengers
The introduction of the new user development fee (UDF) at the Delhi Airport has upset many of the travellers. The airlines and the passengers need to pay 346% extra , on what they have been paying to the airport operator.
Ajit Singh the Civil...
Chinese online shopping mall to be shut down by Rakuten
The top online retailer of Japan Rakuten, on April 20, 2012 said that it was concluding a hopping venture with Baidu, a Chinese Internet giant. While talking about the reason the retailer said that the intensified competition in the growing...
SBI not likely to cut lending rates soon
Indian money lending giant State Bank Of India (SBI) earlier announced that it would cut its lending rates. But on April 23, Pratip Chaudhari, the chairman said that it may not cut the lending rates as costs of terms deposits continue to be...
Vodafone to acquire UK’s Cable and Wireless Worldwide
After India’s Tata Communications failed to acquire the British based Cable and Wireless Worldwide (CWW), telecom giant Vodafone on April 23 said that it has reached an agreement for the acquisition. The British based company will be acquiring...
Pranab Mukherjee says India lucrative for foreign investors
The Finance Minister of India, Pranab Mukherjee, said that India is an attractive place for the investors. The statement has been made despite the controversial plans to make foreign companies retroactively liable for taxes.
Mukherjee added...