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.
There would be a sharp increase in acceptance of debit cards if RBI permits banks to subtract fees for payments made by using debit cards just like it is done when clients withdraw money from 3rd party ATMs.
Chennai based Vortex Engineering has introduced a special ATM built solely for the rural regions.
Personal Loan lender, Axis Bank has sent an application for approval of acceptance from Bank of England to allow it to start a branch in London, according to S K Chakrabarti, the bank’s executive director.
The biggest home loan lender in the country, State Bank of India has opened the 1st distinct branch meant exclusively for the ultra rich individuals (HNIs) in the country. The branch is the 1st of its type in India.
In the present tax code, if you have invested in long term savings products like PF, gratuity fund, pension fund etc, then you can claim a deduction of Rs 1lakh from being taxed. Now with the introduction of new tax code, you can claim a deduction of an additional Rs 50,000 for tuition fees of… Read More »
While deciding between the companies operating in the same sector, examine the rate at which the EPS of these companies has changed during the final two quarters and compare this difference with the rate of change of EPS during the last 3-5 years. If the EPS has shown an increase, it would mean the company… Read More »
State Bank of Patiala has opened another 7 new branches in the Bathinda and Jalandhar districts of the bank. The bank, a subsidiary bank of State Bank of India has taken this measure to boost its access in rural Punjab.