With increasing usage of technology in the banking sector, the use of branches is falling. Banks can now lower the cost incurred towards rentals and use it elsewhere.

Japanese two-wheeler giant Yamaha said it plans to increase India’s share in its worldwide sales to 10% over the next 3-4 years, after falling demand worldwide made the company report a net loss of 216.15 billion yen (approx. Rs 11,678 crore) in 2009.

Mahindra and Mahindra said it would utilize its buy-out of South Korea’s Ssangyong Motor to become a worldwide player in the SUV market.

Ratan Tata-headed Tata Motors said that it intends to increase its commercial vehicles business in India and would introduce some more models by the end of this year.

Premium car manufacturer Mitsubishi said it will hike the price of its just introduced sports utility vehicle Outlander by around 2% from next month, and withdrawing the preliminary offer on the car.

Mahindra & Mahindra said it has been selected as the favored bidder by the struggling South Korean car maker SsangYong Motor for take over and the deal is expected to be completed by November this year.

The 2nd quarter monetary policy review due in September is expected to see another rise in major policy rate by apex bank, RBI.

Maruti Suzuki India introduced its 5 models in CNG flavors, including the top-selling Alto. Other 4 models that have been launched with this new alternative include compact cars Estilo and WagonR, multi-purpose vehicle Eeco and mid-sized sedan SX4.

Pictures of the 2011 Ford Fiesta hatchback testing near Chennai have hit the Internet.