DLF, India’s biggest real estate company, is in advanced discussions with Hilton Hotels and Resorts to subcontract management of its super luxury vacation homes including villas and apartments in an imminent project in Kasauli. It is one of the few deals in which a hotel chain will handle the entire project as normally vacation homes… Read More »
The biggest lender in the country, State Bank of India may carry on offering its teaser loan scheme even after September is over.
Bank of Baroda has space to generate up to Rs30-40 bn in FY11, its senior official has said. The funds would be generated as tier-I and tier-II capital, Chairman and MD M.D. Mallya said. The PSU lender, which increased the benchmark prime lending rate by 50 basis points to 12.50% in August, anticipates deposits increasing… Read More »
A unique identification number (Aadhaar), may shortly be sufficient for a person to obtain a new mobile connection or open a bank account.
Leading car loan lender in the country, HDFC Bank has raised its Benchmark Prime Lending Rate (BPLR) by 50 basis points. The new BPLR of the bank is 16.25% with immediate effect.
Textile giant Raymond’s plans to develop its 125-acre land housing its factory in Thane, is expected to be delayed as the Maharashtra Government has declined to give it an NOC for the aim unless the company settles the compensation problem with its workers.
PVR is ready to sel its multiplex at Phoenix Mill mall in central Mumbai at a price of 80-100 crore, according to a senior official.
United Kingdom is eager to allow more Indian banks to operate in the country. It would “make it as easy as it can” for Indian banks to commence operations there, according to UK’s commercial secretary to treasury Sir James Sassoon. The country’s chief aim is to increase bilateral cooperation on the financial services front.
In one the costliest land deals in Mumbai, a building in Borivali (West) was sold for a stunning 1.5-lakh per square feet for business purpose but an expert said that this price would not be a standard for the area. The building, Mangal Kunj having an area of more than 1 lakh square feet has… Read More »
While cars such as Honda City and Honda Civic have been favourites and threw up good figures, there has been a sea change in the way Honda operates. It will introduce diesel cars by 2012 by 2012 and expects good sales due to cheap car loans.