2. The national carrier is reducing fares on 48 domestic routes by 3-23% effective September 1. It is an attempt to shore up the market share. NACIL is having the market share of 17.3% of passenger traffic. Other airlines have criticized this move. Air India is already under debt of about Rs 40,000 cr. A-I to slash fares on domestic routesup to 25%
3. Now, phone calls via Gmail Google entered a new business with a service within Gmail to make phone calls over the Web to landlines or cell phones. After Gmail users install a voice and video chat plug-in to their browsers, they can make a call using their computer’s microphone and speakers or a headset. Skype was first to provide these services.
4. Elder Health Care has earmarked Rs 40-crore for to promote its three top brands -- Tiger Balm, Fuel deodorent and FairOneCream. It also aims to launch some dermo-cosmetic products and an economy soap—Rhyme. It is targeting a turnover of Rs 125-crore and has earmarked Rs 40-crore for an advertising . It is also planning to augment its distribution network by adding another 5-lakh outlets by next year. Elder Health Care bets big on Tiger Balm
5. Tech Mahindra CEO Sanjay Kalra has resigned from the firm after spending around six years in its management. VineetNayyar, who is the vice-chairman, will be CEO now. Tech Mahindra’s revenues are also under pressure with its largest client, British Telecom (BT), ramping down business and contracts from other telecom clients, also under pressure. Tech Mahindra CEO Sanjay Kalra quits firm after 6 yrs
6. Nestle, the world's biggest food group would invest $487 million in coffee projects by 2020 to help the company optimize its supply chain. The investment comprises $341 million for Nescafe products and $146 million for its high-end Nespresso. All of the directly purchased green coffee will meet "4C" sustainability standards by 2015. Nestle to invest $487 million in coffee projects by 2020
