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Redbus taps the attractive online bus ticketing market of India

May 18, 2012
Redbus taps the attractive online bus ticketing market of India

According to a Crisil report, the Rs 150 billion Indian bus market is growing at an attractive rate of 25 to 30 percent every year. The online bus ticketing market contributes to ten percent of the 2 to 3 lakh bus tickets sold every year. With the rise in demand of bus travel, the...

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General Motors decides not to advertise on Facebook

May 18, 2012
General Motors decides not to advertise on Facebook

Facebook is all set to list on Nasdaq today, Friday 18 April 2012. On the eve of the issue, it is expected that the IPO of Facebook will get...

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Worries Resurface for the US Economy

May 18, 2012
Worries Resurface for the US Economy

The market is likely going to remain volatile for quite some time, say financial analysts.   With JPMorgan Chase and Co. (JPM) large trading loss, it is leaving investors...

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Indigo replaces Jet Airways to become number one Indian airline

May 18, 2012
Indigo replaces Jet Airways to become number one Indian airline

In a market of six airlines, Indigo Airlines has replaced Jet Airways to become the number one airline of India by market share. According to data released by the...

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University of Michigan Releases Consumer Confidence Report

May 18, 2012
University of Michigan Releases Consumer Confidence Report

According to a report released by the University of Michigan, consumer confidence is the highest that it has been in four years.   The university released the report on...

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Vodafone finds no support in Indian Finance Minister

May 17, 2012
Vodafone finds no support in Indian Finance Minister

Pranab Mukherjee, Finance Minister of India, refused to withdraw the change in the Income Tax Act with respect to the retrospective effect to tax foreign firms doing business in...

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Kingfisher Airlines crisis: Government will not bailout Mallya’s airline

May 16, 2012
Kingfisher Airlines crisis: Government will not bailout Mallya’s airline

The government of India has refused to offer any support to the cash strapped Kingfisher Airlines. Civil Aviation Minister Ajit Singh clarified that the government will not bail out...

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Tesla Model S Coming to Stores Earlier Than Expected

May 16, 2012
Tesla Model S Coming to Stores Earlier Than Expected

California-based electric car company, Tesla Motors (TSLA) announced the release of its new sedan Thursday. The company plans to have the car, called the Model S, in showrooms by...

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Prime Minister Dr. Manmohan Singh says airfares should not rise

May 15, 2012
Prime Minister Dr. Manmohan Singh says airfares should not rise

Dr. Manmohan Singh, Prime Minister of India, met Ajit Singh, civil aviation minister of India, to discuss the issues causing the strike by the pilots of the government owned...

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JPMorgan Losses $2 billion

May 14, 2012
JPMorgan Losses $2 billion

One of the largest banks in the United States has had some significant losses, inadvertently supporting the so-called Volcker rule.   JPMorgan (JPM) reported a $2 billion loss on...

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Kingfisher Airlines crisis: Government slaps legal notice

May 14, 2012
Kingfisher Airlines crisis: Government slaps legal notice

According to Ajit Singh, Civil Aviation Minister of India, Jet Airways, SpiceJet and Kingfisher Airlines have defaulted on payment of airport charges. The government has already instigated legal action...

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Farmers will drive Lamborghini, stock brokers taxis: Jim Rogers

May 14, 2012
Farmers will drive Lamborghini, stock brokers taxis: Jim Rogers

Chairman of Roger Holdings, Jim Rogers, is extremely bullish on agriculture. He is of the opinion that “Anything to do with agriculture – seeds, tractors, fertilizer, water – is...

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Stocks Remain Stable Despite JPMorgan’s Decline

May 13, 2012
Stocks Remain Stable Despite JPMorgan’s Decline

Although JPMorgan’s (JPM) $2 billion trading loss brought down the investment banking sector of the New York Exchange, the rest of the stocks fared better.   After recovering from...

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