Finance

Finance

Indian PSU bank unions warn of potential strike in December

Employee unions of four Indian banks have threatened that they would go on strike on December 20, 2012. The strike would be in protest...

Kingfisher Airlines chief donates 3 kilograms of gold in Tirupati temple

As Kingfisher Airlines chief Vijay Mallya celebrates his 57th birthday on December 18, 2012, the airline chief kept his promise of making the event...

Indian Railways fares to be increased to stabalize economy

Despite the increase in the number of passengers on various routes of the Indian railways, the service in the trains remain clogged. The maintenance...

RBI announces banking facility for joint account holders in India

The Reserve Bank of India (RBI) has told all banks to allow depositors to use the nomination facility if they intend to avail the...

Kansai Electric applies for hike in electricity rates in Japan

Japanese based electric utility company Kansai Electric Power company (KEPCO) has filed an application  on November 26, 2012, to increase the electricity rates in the...

Malaysian mutual fund launches 6 private retirement schemes

Six private retirement scheme (PRS) funds have been launched by the mutual fund Public Mutual Bhd, in Malaysia. The new schemes consists of three...

Roppongi Hills continues its collaboration with MasterCard to help orphans

Japan’s integrated property development firm Roppongi Hills is continuing its collaboration with MasterCard Worldwide. It will be doing this  with the help of the...

Cadbury India being investigated for tax evasion

The Indian Minister of State for Finance said on November 22, 2012 that the authorities in India are investigating a local unit of the...

China to move on with stricter bank rules

A senior banking regulator said on November 20, 2012, that China will not follow other economies in delaying the implementation of tougher capital requirements...

Petrol prices slashed by 95 paise in India

In some relief for vehicle owners in India, the state owned oil companies have brought down the prices of petrol by 95 paise-per-liter minus...