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India is set to emerge as the world’s second largest consumer or rubber, overtaking China and next only to the US. India has moved up the ladder and is now ranked third in consumption.
China’s rubber consumption is projected to decline by 5.5% this y ear to 9.53 million tonnes, according to data released by the Rubber Board.
Read moreIndia set to emerge as the second largest rubber consumer: Rubber Board
ADAG flagship RNRL has again lashed out at RIL for charging an illegal and unauthorised marketing margin of 13.5 cents (Rs 6.6) per mBtu on the sale of gas from the disputed KG basin D-6 fields.
However, RIL had no comments on the matter, seeking government’s intervention in the matter. ADAG has said that charge of unauthorized marketing margin accounts for over 3% of the price even without the approval of the Empowered Group of Ministers (EGoM) at which the KG gas is being sold and the marketing margin levied till date should either be refunded immediately or adjusted against future sale of gas.
Read moreReliance Industries – Mukesh Ambani charging unauthorized marketing margin
Abhishek Industries, the flagship company of Trident Group, has inked an agreement with Southern Living Inc., USA to use the latter’s trademark for marketing its various products.
The agreement provides that the company can use the trademark ‘Southern Living’ and logo of the American company for manufacturing, marketing, distribution and sale of its solid colored, yarn dyed terrycloth towels including bath towels, wash towels, terry bath mats, beach towels, terry bathrobes, etc in general retail as well as wholesale market.
Read moreAbhishek Industries joins hands with Southern Living
The management of Jet Airways and the striking pilots reached an agreement late Saturday night after which the pilots decided to call off their five-day strike. The private sector airline operated 172 out of 365 domestic flights and 72 of the 74 international flights on Sunday with normalcy expected on Monday.
Jet Airways has announced a 50% discount on economy class fares on all domestic flights for
According to a data by GSM industry lobby Cellular Operators’ Association of India (COAI), the telecom operators have added 9.3 million subscribers in August in the GSM segment taking the total number of GSM users in the country to 335.4 million.
Last month, the operators had added 9.9 million new users, showing a slump of 6% in August. The decline in August additions is attributed to the state-owned telcos like BSNL and MTNL, posting a dip in their monthly additions. Even with these growth figures, India remains as the world’s fastest growing mobile market.
The Reserve Bank of India has directed the banks not to use know-your-customer (KYC) norms as an excuse to turn down customers’ request seeking to open no-frills accounts with them. No-frills accounts do not require maintaining minimum balance in customers’ account. Due to instances of many economically-disadvantaged customers being hurdled while taking loans, the central bank … Read more RBI directs banks to overlook KYC norms