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Monthly Archives: March 2012

honda

Honda Motors to Recall 24,000 CR-V Sport Vehicles in China

Asia Bizz: Japanese- based car making giant Honda Motor Co Ltd will recall more than 24,000 CR-V sport utility vehicles in China. The company will start recalling the vehicles from April 12, 2012 to fix a wiring problem that is likely to cause...
vijay

Vijay Mallya to Sell United Breweries Stake to Save Kingfisher Airlines?

Asia Bizz: Indian liquor and air baron Vijay Mallya – who has been struggling to save his ailing Kingfisher Airlines – is reportedly  in talks to sell part of his stake in his flagship liquor business to Dutch brewery giant Heineken. Sources...
air india

Air India’s FRP Plan Approved by Banks

Asia Bizz: In some relief for the India’s national carrier, Air India’s Financial Restructuring Plan (FRP) has been approved by the Consortium banks. This approval can help the Airlines to save several hundred crores in the first...
dlg ipl 5

IPL Season 5 to Begin on April 4, 2012

Asia Bizz: The dates of the much awaited 5th season of the Indian Premiere League (IPL) have been revealed. The T20 cricket tournament is all set to commence on April 4, 2012. The opening ceremony of the 5th IPL season will be held on April...
cyber attack

Indian and Japanese Government Sites Attacked by Chinese Cyber Criminal

Asia Bizz: A report released by the IT security firm Trend Micro on March 30, 2012 stated that websites of the Indian government and the Tibetan activists in the country are under attack in a cyber attack campaign. The report added that the...
qantas

Qantas Hikes Fuel Surcharge Again

Asia Bizz: Australian carrier Qantas Airlines recently said that its fuel costs would increase by Aus $300 million in the second half of the financial year. The airline increased the surcharges for the second time in two months. Qantas...
Matri

Matrix Cellular Slashes International Roaming Prices

Asia Bizz: In some good news for the UK travellers from India, Matrix Cellular has slashed international roaming rates up to 50 percent. The telecom operator is known for providing international telecommunications services to Indian residents...
muthoot

RBI Bans Muthoot Fincorp From Taking Deposits

Asia Bizz: India’s gold finance company Muthoot Fincorp has recently received a ban by the Reserve Bank of India (RBI) from taking deposits from public. This is another blow to the industry where the regulatory attention is intensifying...
VK singh

General VK Singh Opens Up on Controversial Letter Sent to Indian PM

Asia Bizz: Indian Army Chief General VK Singh spoke about the military controversy on March 30, 2012 and said that there were some individuals who were trying to create division between the government and the Army. A statement has been issued...
petrol

Oil Marketing Companies to Raise Petrol Prices by Rs 5 per Litre

Asia Bizz: The oil marketing companies run by the state plan to raise the prices of the petrol by Rs. 5 per litre from April onward in India. The prices will be raised after the companies get an informal nod from the oil ministries. The...