Rajasthan witnesses 40-70% dip in trade across sectors
The Dollar Business Bureau All the major sectors in Rajasthan have witnessed a slowdown in trade, thus reflecting a decrease of around 40-70%, according to Federation of Rajasthan Trade and Industry (FORTI). The findings have been revealed after carrying out an in-house survey about the impact of demonetisation across all the major sectors in the state. It was noticed that the impact of banning of high-value currency was seen the most in the Gems & Jewellery sector with the business witnessing a downfall of nearly 70%. According to Nirmal, secretary of the Jaipur Jewellers Association, local investments have been hit hard by demonetisation and a corresponding downfall in the businesses concerned. Nirmal highlighted that export hasn’t been affected much but domestic business has ...
IndiGo to start 14 new flights from May 2016
The Dollar Business Bureau IndiGo, a low-cost carrier, is going to add a fleet of new aircrafts to its network from May, to make its presence felt in the fastest growing aviation market in India. The domestic market rose by 25 percent in the year ending March 31, 2016, compared to the records of last year. The airliner, headquartered in Gurugram, will add 14 new flights on the domestic routes. This includes daily non-stop flights connecting Bengaluru to Ahmedabad, Bengaluru to Jaipur, Kolkata to Hyderabad and Chennai to Kochi from May 1. Besides, the carrier starts new non-stop flights from Jaipur to Bengaluru, Kochi to Chennai from May 2, on daily basis. From May 6, the airliner will also maximize the flight frequencies from ...
Hero MotoCorp eyes international market
Around 20 % of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. However, itbeganexporting two years agoand is planning to prioritize Latin America, Africa and theCentral American regions The Dollar Business Bureau After splitting from Honda, Hero is planning to reach out to Latin America, Africa and Central America Hero MotoCorp will start selling its two wheeler in Nigeria from March, said the Chairman and the Managing Director of the company, Pawan Munjal. He was presenting the company's Rs.850 crore coherent Research and Development facility at Kukas, located 25 kms from Jaipur. Around 20% of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. ...
