With inflation affecting even non-food items, the Reserve Bank is expected to tighten its monetary policy further in its next annual policy, which can increase interest rates, Citigroup said. A Citigroup Global Markets report said, “With inflation getting a bit more generalised, we expect the RBI to raise rates once again in its policy on… Read More »
The iconic Royal Enfield has said it has launched its new Bullet model, ‘Electra Twinspark 350’. Read more about it.
SBI’s special home loan scheme or teaser loan scheme has ultimately been extended up to 30th April 2010. But the bank has stopped the teaser loan offer for loans less than Rs. 50 lakh. However, the bank has decided to extend its special home loan offer even after 30th March 2010 but did not make… Read More »
HDFC Bank sees incredible prospect in the educational loan segment and will be concentrating on the segment over the next years. This information was given by Ms Renu Sud Karnad, Managing Director, Housing Development Finance Corporation (HDFC).
Auto major Tata Motors said it has sold 20% stake in Telcon, its construction equipment joint venture with Japan’s Hitachi, to its partner for Rs 1,159 crore (Rs 11.59 billion). After the deal, Tata Motors will hold 40% stake in Telcon, while Hitachi will hold 60%, the company said.
The Indian arm of Citibank, the top global financial services company has been won an award titled ‘Excellence in Internet Banking’ for the year 2009. The bank was given the award at The Asian Banker Excellence in Retail Financial Services Awards Program.
City Union Bank (CUB), has drawn up plans of raising capital valued at Rs. 1000 crore over the next 3 years in order to reach its business target of Rs. 50, 000 crore by the year 2013-14. The bank has stated its aims of using instruments such as rights issue, qualified institutional placements (QIP) or… Read More »
March has always been a hectic month for bankers with the end of financial year. But this year, it has been special as other than the normal activities, some additional actions also took place in the banking sector.
Fiat India Automobile Ltd (Fial) does not intend to hike prices of its cars currently, in view of the Euro IV emission norms which will come into force from April 2010. From April 1, 2010, 13 cities will move over to Euro IV. Previously, industry sources said that for the Euro IV emission norms to… Read More »
Auto major Bajaj anticipates to finish FY 2010 with sales of nearly 2.9 million vehicles, which also comprise of exports of 9 lakh vehicles. The company had given itself a sales target of 4 million vehicles for FY 2011, highlighting an increase of nearly 40%, as per a press release from the company.