After negotiations, it has been decided that hospitals will be categorized in 3 categories based on the infrastructure capabilities and the rates will be standardized for 42 standard medical procedures covering almost all ailments requiring hospitalization for the 3 categories of hospitals. The rationale is that high-end or specialty hospitals cannot be asked to accept… Read More »
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.
With the leading players in the banking sector viz State Bank of India and ICICI Bank increasing the Benchmark Prime Lending Rates (BPLR), both the home and car loans have become costlier.
Low income and economical home loans is on the agenda of Chennai based Aptus Value Housing Finance India. The company, whose promoter is M Anandan, previous MD of Cholamandalam Investment and Cholamandalam MS General Insurance plans to concentrate on the suburbs adjacent to metros near the urban and semi urban parts of Southern India.
Personal loanlender and the biggest subsidiary bank of State Bank of India, State Bank of Bikaner and Jaipur has increased its deposit and lending rates by 25-50 basis points and 50 basis points respectively.