Editor's Desk - FreePress India

Abhishek Industries joins hands with Southern Living

September 14, 2009 by Editor's Desk

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.

Fly Jet Airways 50% discount for 3 days

September 14, 2009September 14, 2009 by Editor's Desk

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

India GSM mobile subscriber base touches 335 mn

September 11, 2009September 11, 2009 by Editor's Desk

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.

Read moreIndia GSM mobile subscriber base touches 335 mn

RBI directs banks to overlook KYC norms

September 11, 2009 by Editor's Desk

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

Jet Airways Strike – Fly SpiceJet at 20% Discount

September 10, 2009 by Editor's Desk

Jet Airways pilots maybe on strike. Who cares, we have other alternative Airlines who are offering a deal to its consumers. SpiceJet has tied up with HDFC Bank Credit Cards and is offering 20% discount on all SpiceJet tickets. All you have to do is mention the code GET2HDFC while booking your ticketand swipe your … Read more Jet Airways Strike – Fly SpiceJet at 20% Discount

Copper settles lower on fall in US consumer data

September 10, 2009 by Editor's Desk

Copper futures market capped its four-day rise and ended lower on Wednesday on news that US consumer borrowing had declined more-than-expected and a surge in inventories of the industrial metal.

Copper futures for December delivery declined 3.2 cents, or 1.1%, to $2.924 a pound on the New York Mercantile Exchange’s Comex division. On the LME, copper for three-month delivery slid 0.9 percent to $6,415 a metric ton ($2.91 a pound).