Skoda Cars in India to be cheaper now
Maruti and other automakers in the country have already announced a price hike on their cars. Things are looking good for companies like Skoda.
Luxury carmaker Skoda has announced that they are now slashing the prices across all models by up to Rs 24,000.
The company has taken this [...]
Air Travel in India could become expensive
Airline operators in India have said that air travel in the country could become expensive in the coming months. The government has proposed in the budget that withdraws the exemption on withholding tax of 12-15 per cent on lease rentals.
The exemptions given on this tax would now come [...]
Best Buy to open 130 new-stores worldwide
Retailing company Best Buy Co. has announced their plans to open up as many as 130 new stores in the U.S., Canada and China.
The company aims to expand their square footage by 10% through these new stores. With this expansion, the company would have a total of 46 million [...]
Viacom not interested in bidding for Facebook
Viacom Inc. chairman Sumner Redstone has categorically said in a statement that they will not be going after Facebook for a possible acquisition deal. This is despite the fact that they lost out to News Corp. in the bidding for social marketing network MySpace.com.
He added that since that acquisition [...]
Kia Motors starts test production at new plant in Slovakia
Kia Motors has confirmed that they have started a test run production at their new plant located in Slovakia. This news comes when the company is stuck in a cash-for-favors scandal, which might affect its global expansion plans.
They are the second largest automaker in the South [...]
No service tax for users of Debit and Credit Cards
The Indian Union budget for 2006-07 had some new provisions related to service tax being levied on automated teller machines (ATMs). This caused some confusion amongst the users of debit and credit card in the country.
The finance ministry of India has now announced that the new [...]
Tata Indica is cheaper now as well
India’s Union Budget for the year 2006-07 continues to bring in great news for the prospective buyers of automobiles in the country. Maruti Suzuki and Hyundai have both revealed the new dropped prices of their popular car models in the Indian market.
And now Tata Motors have done the same. [...]
Hyundai India cuts prices on cars
The Indian budget for the year 2006-07 has brought a lot of good news for the prospective customers of the compact car segment as the government reduced duties on imported component parts.
Market leaders Maruti has already announced price cuts on many of their small cars and also their sedan Baleno. [...]
Maruti Baleno cheaper by Rs. 8000
India’s largest automobile manufacturer Maruti has passed on the tax benefits announced in the budget to their consumers. The company has announced that they are slashing the prices of their Maruti Baleno model by around Rs. 8000.
This news comes just a day after the company announced price cuts in their [...]
Indian Government raises Service tax to 12%
There is huge disappointment in store for the people coming under the Service Taxation structure. The Indian government has decided to raise this tax to 12% from the upcoming financial year.
The finance ministry apparently decided to take this step after noticing that the taxes from this sector added up [...]
