Despite anticipations of an increase in interest rates, Public sector bank, Bank of India (BoI) has reduced rates by up to 75 basis points on fixed deposits of Rs 1 crore and more. A statement released by the bank says, “The revised interest rates on Domestic Rupee Term Deposits of Rs 1 crore and above… Read More »
A life insurance mutual fund with good (at least 20 times the premium) life cover is advisable for the long term requirements of child’s education. This needs to be started immediately after birth to get the benefit of long term investing. A monthly mode may be preferred for salaried people. Today’s engineering education costs about… Read More »
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 %.
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.
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.
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.
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- 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.
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 »
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 »