Super luxury homes make a comeback
The super luxury homes costing between Rs 4 crore and Rs 30 crore, which had taken a nosevide during the slowdown, is making a comeback. During the last year, demand for super-luxury homes has increased by 30-40 %.
Maruti to reintroduce Alto with new engine
India’s biggest car manufacturer Maruti Suzuki is ready to reintroduce a refurbished and cheaper Alto. Maruti considers that the time is ripe to introduce a basic model of its most popular car. It sells nearly 20,000 Altos a month, thus making it India’s best selling car.
Increasing no. of non-individual home loans by HFCs may increase NPAs : Care
There has been a spurt in the share of loans offered by housing finance companies (HFCs) to non individuals. This trend can lead to higher non performing assets (NPAs) according to CARE.
Foreign banks see a reduction in asset quality despite increase personal loans
As per a research report by HDFC Securities there has been a reduction in the asset quality of foreign banks functioning in India despite an increase in their loan books, including personal loans. The loan books of these banks have posted profits.
Bajaj to produce more Kawasaki models due to rise in demand thanks to economical car loans
With consumers grabbing every available Ninja (performance bike from Kawasaki) from Bajaj Auto showrooms, the company is readying to introduce more premium products from the Japanese company later in the year. Part of the increased demand has also been due to economical car loans.
Nokia to offer mobile banking
Nokia- a leading mobile producer and supplier intends to commence its mobile banking service in India. The service would be called as Nokia Money, as per a Nokia official.
Summer retreats – Water sports in Goa
Parasailing in Goa, is an exciting water sport option. As you soar in the air and let the cool air to gently touch your face, the excitement really kicks in. In Goa you can parasail in two ways – winch-boat parasailing and beach parasailing. Winch-boat parasailing is usually done alone and it takes you high… Read More »
ULIPs in news once again on account of SEBI directive
IRDA- the insurance regulator has not taken this lying down. 24 hours after the announcement by SEBI, IRDA came out with its own order stating that insurance companies shall continue to carry out insurance business as usual including offering, marketing and servicing ULIPs in accordance with the Insurance Act. IRDA believes that directive by SEBI… Read More »
Personal loans are making their re-entry!
During the height of recession, banks had stopped offering personal loans. However they have started offering these loans again, but have become very strict with offering unsecured loans.
Holiday for the adventurous – Trekking!
Flights are available from Delhi which ranges from Rs 6500-13000. Flights from Chennai to Leh costs around Rs 9000-13500, from Mumbai to Leh costs around Rs 8500-12000, and flights from Kolkata to Leh costs around Rs 9500-11000. From Delhi, taxis are also available which cost – Indica (4 people) 12,000 and Qualis (6 people) 15,000.