Month: January 2009

Krishna Pearls Opens Store at Rajiv Gandhi International Airport

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Krishna Pearls & Jewelers has launched its first Jewellery store at the Rajiv Gandhi international Airport, Shamshabad on Jan-3rd. The store is located in the domestic departure area. The store wilt be a one stop shopping destination for Pearls & Gold Jewellery with Pearls and Semi precious stones. Expressing happiness over the launch of the … Read more Krishna Pearls Opens Store at Rajiv Gandhi International Airport

Pepsi gets exemption from divestment compulsion

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Following change in foreign direct investment (FDI) rules for the food processing sector, Pepsico India Holding need not divest 49% equity in bottling firms to Indian companies, with the government exempting it from the obligation. The exemption also prepares the ground for infusion of Rs 250 crore ($50 million) FDI by the beverages major in … Read more Pepsi gets exemption from divestment compulsion

Star Union Dai-ichi Life to Commence Operations

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The joint venture insurance company between Bank of India, Union Bank of India and Japanese Dai-ichi Mutual Life Insurance Company was registered with the Insurance Regulatory and Development Authority (IRDA) on December 26, 2008. They are all set to commence operations this month. The latest entrant into life insurance sector – Star Union Dai-ichi Life … Read more Star Union Dai-ichi Life to Commence Operations

Bank of Baroda + Allahabad Bank slash rates

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Public sector banking major, Bank of Baroda (BoB), has slashed its interest rates on non-resident external (NRE) term deposits to 3.75% from 4.52% earlier for the period between one-year to two years, 3.19% from 3.87% previously between two years to three years, 3.47% from 4.14% ago between three years to four years and same thereafter with … Read more Bank of Baroda + Allahabad Bank slash rates