Private sector bank, Laxmi Vilas Bank (LVB) has chosen to foray into the home loan business. This decision was taken by the bank due to its inability to compete in the increasing home loan rates due to high cost of funds.
The country’s biggest car manufacturer Maruti Suzuki India has hiked the costs of all its models, excluding Alto, by up to Rs 7,500, quoting a steep hike in input costs.
Car loan lender, HSBC is ready to open 7 business banking centers in order to concentrate on the small and medium enterprises (SME) sector of the country.
French car manufacturer Renault has said it is constructing a car to fulfill the needs of the Indian market and is anticipated to be launched after 2013.
Car manufacturer, Hyundai Motor India has said that it would be hiking the prices of its products by up to 1.2% for all models, from September 1. This rise is due to the increase in input costs, the press release sent by company said.
The earlier proposal of introducing taxation upon withdrawal (EET) instead of the existing tax free (EEE) status for certain instruments like PPF etc. had earlier been withdrawn in a revision. If that were to be implemented perhaps the tax slabs could have led to a dramatic saving for all the individuals in different tax brackets.… Read More »
Two-wheeler manufacturer Suzuki Motorcycle India has reported a 47.64% increase in sales in July to 18,512 units as against for same month previous year.
Birlas are ready to alter Mumbai’s city landscape in a step to add to the already increasing collection of residential and commercial properties in central Mumbai. The BK Birla Group company Century Textiles has recruited the Shapoorji Pallonji group to construct a 20-acre property where a textile mill is situated in Worli in Central Mumbai.
After a record sales of 1 lakh scooters within mere 10 months, Mahindra & Mahindra is now preparing up plans to venture into the local motor-cycle market by this year end, a senior company official said.
Personal loan lender IDBI Bank has agreed to Federal Bank’s long-standing demand that its name should be included in the 3-way life insurance partnership promoted by both the lenders in association with Belgian insurer Ageas. The JV IDBI Fortis Life is now renamed