The merger of State Bank of Indore with State Bank of India will be effective from August 27. After this, all branches of State Bank of Indore will work as those of SBI.

Financial inclusion plans of personal loan lender, Andhra Bank is going gradually towards its goal of financially covering 1144 villages in many states by March 2012.

Maruti Suzuki India is considering producing cars for other car makers, both foreign and Indian,  similar to its agreement with Nissan.

Mahindra & Mahindra has said it will consider sharing car platforms with South Korean firm SsangYong Motor, which it plans to acquire by December.

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.