Sharp domestic demand for Ford India’s small car Figo, and interest in overseas markets such as South Africa, has made the car-manufacture commence a 2nd shift at its Maraimalainagar factory in Chennai since June, according to a company official.
Although base rate for personal loans has become effective from the 1st of this month, there is hardly any difference with the previous BPLR method of lending.
The country’s biggest two-wheeler manufacturer Hero Honda has posted a 16.60% rise in its sales in June at 4,26,454 units exceeding 3,65,734 units it sold in the equivalent month last year.
Faced with competition from the biggest lender of the country, State Bank of India has made HDFC Bank increase its teaser loan scheme on home loans. The product will carry a fixed rate of 8.25% up to March 2011 and 9.25% for the subsequent 12 months. From April 2012, the existing home loan rates will… Read More »
YES Bank has selected Chandigarh as the first city to introduce ‘Mobile money services by YES bank’ in association with Nokia and Obopay India. The service would allow the customer to transfer money in a safe manner using his mobile phone. The service is called ‘Mobile money services by YES Bank, powered by Nokia’. It… Read More »
Ratnakar bank, has taken the initial step to drastically alter its management structure. The private sector lender has approached the Reserve Bank of India (RBI) to recruit Vishwavir Ahuja, earlier MD & CEO of Bank of America’s India operations, as the would-be CEO.
Crisil has enhanced the debt instruments of ICICI Bank to ‘stable’ from ‘negative’ and said that the bank is expected to retain progress in earnings profile. Crisil said, “Crisil has revised its rating outlook on ICICI Bank upper tier II bonds and tier I perpetual bonds to stable from negative,” it said in a release.… Read More »
If securities are sold on the exchange within a period of one year of purchase, it is short-term in nature. Short-term capital gains are taxed at 15%. Short-term capital loss can be set off against short-term capital gain & long-term capital gains.
Income tax authorities allow you to self assess your income and accordingly pay taxes. Many people tend to believe that his/her income tax return is a drop in the ocean for the income tax authorities and hence not declaring income or understating income may well be worth because it saves you a few bucks. Deliberately… Read More »
The process of electronically filing Income tax returns through the internet is known as e-Filing. It is a simple process in which, you need to fill up the tax return form provided online and the other required information about income, expenditure and savings. Then, it is just a matter of logging into the income tax… Read More »