No diesel fuel shortage this year in China
For the past few years, China has been facing a diesel fuel shortage very winter. This year however, Shanghai based energy consultant ICIS C1...
Asian markets fall in light of U.S. elections
The US presidential elections have caused Asian stock markets to fall on Monday, November 5, 2012, as investors shied off risks due to the...
Personal bank accounts to directly charge Edy accounts
Japan based Rakuten bank, Sumitomo Mitsui Banking Corp and Rakuten Edy will be launching a new e-money application service. With the new service, Edy...
Bank of America manages a minor comeback
After a 95 percent drop in profits, most banks would seriously think of shutting shop, however Bank of America Corp. managed a slim profit...
Air travel from Delhi and Mumbai to get cheaper
The Indian Aviation Ministry has decided to abolish the airport development fee at the Delhi and Mumbai Airports from January 1, 2013 onward. The...
Diesel prices responsible for 7.81pc inflation in September
It had been noticed that for India inflation had risen to its maximum level during this financial year, peaking at 7.81 percent in the...
DOCOMO and MasterCard to launch NFC payments in 41 countries
Technology based company 'NTT DOCOMO Inc'. and global payments industry leader'MasterCard Worldwide' have together announced a global business alliance for contact-less payments, through compatible DOCOMO smartphones....
Chinese banks to dabble with international acquisitions
Wang Hongzhang, the chairman of China Construction bank in the month of September said that he is prepared to spend up to US $15...
Fixed deposit rates cut by Axis Bank by 25 bps
India's Axis Bank has once again cut interest rates on fixed deposits by 25 basis points to 8.50 percent on fixed deposits. The changes...
IMF predicts bleak future for economic growth in India
The International Monetary Fund (IMF), on October 9, 2012, caused concerns for some by predicting a bleak future for the Indian economy, which is...
