ICICI Bank and HDFC Bank downplay their ‘foreign’ status
ICICI Bank and HDFC Bank played down issues of being considered as foreign banks due to their majority foreign shareholding and said they persist in remaining Indian.
Category Archives: News
Maruti increases prices of numerous cars
India’s leading car manufacturer Maruti Suzuki has increased prices of many models as it claimed that the company intends to pass on to clients a portion of the increase in input costs and expenses associated with adhering to new emission norms.
Nano to roll out from Sanand factory on Gujarat Day
Tata Motors may launch its first Nano on May Day to commemorate the golden jubilee of Gujarat which was born on 1st May 1960. This is regarded as a emblematic gesture towards the government that bailed out the project from its problems in West Bengal.
Ford Figo posts record booking since introduction
Within a month since its launch, Ford Figo has reported over 10,000 bookings, a record sales from Ford India. The record has assisted Ford India’s total March sells triple from March last a year.
Yamaha targets 20% market share in deluxe, luxury sectors in 2010
Two-wheeler manufacturer India Yamaha Motor said it is targeting a market share of 20% in the deluxe and premium sectors by the end of 2010. Pankaj Dubey, Business Head India Yamaha Motor National said, “We have been receiving an overwhelming response for our premium and deluxe segment models. We have clocked a robust performance so… Read More »
Ashok Leyland sales go up by 97% in March
Ashok Leyland has reported 97.43% increase in its commercial vehicle sales at 10,067 units in March. The company had sold 5,099 units in March last year, according to a statement released by Ashok Leyland. In FY’10, Ashok Leyland sold 63,926 units as compared to 54,431 units in the earlier fiscal, a hike of 17.44%.
Banks to offer novel education loans
With quality Indian education becoming beyond the reach of the average Indian students, finance is the first thing many of them think about an educational loan. This is where banks have stepped in with novel education loans. After personal loans, banks are now targeting educational loans as the next big market. To capitalize on this… Read More »
ICICI Bank and HDFC Bank to get ‘foreign’ tag
ICICI Bank and HDFC Bank, two of India’s biggest banks in which foreing investors hold over 51% equity, will now be treated as ‘foreign’ banks. The government’s decision will affect the prospective investment plans of these banks in associates or in segments which have a ceiling on foreign investment.
Panasonic set to enter into the Indian car market
Leading consumer electronics company Panasonic has announced its intentions of establishing an internal division, Panasonic Automotive Systems India, to concentrate on the Indian automobile sector.
DLF selects Goldman to sell stake in Aman Resorts
DLF, India’s biggest real estate company, has selected Goldman Sachs as an advisor as it tries to find buyers for Aman Resorts, a luxury hotel chain it had purchased in November 2007 for $400 million.