Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Banking on the net makes sense
On December 20, 2009, the Andhra Pradesh cybercrime police arrested a 23-year-old internet hacker for allegedly swindling Rs 30,600 from an HDFC Bank customer. This is simply a case in point. While banks prefer not to go public about cybercrime for obvious reasons, Minister of State for Home Shakeel Ahmad informed the Lok Sabha in February 2009 that banks across the country lost Rs 6.57 crore to internet frauds in 233 incidents of cybercrime, with Tamil Nadu topping the list, in 2008. http://smallpersonalloans.org.uk

Credit downgrades hit record high
Sectors with export focus account for a majority of downgrades.

News of the day

Hiring activity in Kolkata down 3 per cent in July
Hiring activity in Kolkata declined by 3 per cent in July compared to June this year, according to a Naukri JobSpeak, the monthly job index released by Naukri.com. The index moved from 775 in June to 750 in July. However, market sentiment remains positive with recruitment index expected to move up post September.
Corporate

Jet, Kingfisher, SpiceJet raise fuel levy by up to Rs 200

Jet Airways, Kingfisher Airlines and SpiceJet today announced a hike in fuel surcharge by up to Rs 200 on their domestic flights. It translates into a maximum hike of up to 7.5 per cent on existing average fares. - Jet, Kingfisher hike fuel surcharge, SpiceJet mulls same - Cost gap between full-service, budget airlines narrows - Jet not to renew service contract of 25 expat pilots - Jet pilots challenge 6-month notice period at HC - Jet pilots challenge mandatory 6-months notice period at HC - Jet Airways: Lean season, bleak quarter">Jet Airways: Lean season, bleak quarter This hike is to offset the rise in fuel prices, up by 12.5 per cent from June. However, Air India is yet to take any decision on this, said an airline spokesperson. Kingfisher said the surcharge on flights below 1,000 km had been hiked by Rs 100 and for those above 1,000 km by Rs 200. Jet Airways also said they had increased the fuel surcharge by up to Rs 200 on all domestic flights across Jet Airways, JetLite and Jet Konnect. Budget carrier SpiceJet said it had nominally increased the fuel charge by up to Rs 200 to partially offset the recent 9 per cent increase in fuel prices. Jet fuel or Aviation Turbine Fuel (ATF) accounts for around 40 per cent of a domestic airline’s operational cost. ATF attracts a sales tax of 4 to 30 per cent in different states across India, making it more expensive than in other countries. The airlines had suffered huge losses after crude touched a high of over $145, taking ATF prices to as high as Rs 71,028 a kl in August last year. With passenger numbers improving in the past two to three months, airlines have successfully increased fare rates by around 25 per cent during the same period without seeing any fall in traffic. With the holiday season coming, airlines hope the small increase will not have any adverse impact on their passenger load factor. Airlines have been demanding that ATF be classified as a capital good, which would attract a tax of only 4 per cent across India.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009