M&M likely to share car platform with Ssangyong
Mahindra & Mahindra has said it will consider sharing car platforms with South Korean firm SsangYong Motor, which it plans to acquire by December.
Laxmi Vilas Bank to venture into home loan segment
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.
Maruti increases prices by up to Rs 7,500
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 to start 7 new banking centers
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.
Renault constructing a car for India
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.
Prices of Hyundai cars to increase by 1.2%
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.
New Direct Tax Code Bill – lost its original fizz?
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 had earlier been withdrawn in a revision.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 »
Suzuki’s motorcycle sales increase 48% in July
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 to alter central Mumbai landscape
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.
M&M set to enter motorcycle business by the end of this year
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.