Real estate market is seeing action once again in certain pockets. The damage done by the economic slump on princes has almost been undone in several pockets of Mumbai, Bangalore and NCR. The real estate industry is picking up, but slowly and unevenly. While NCR has seen the highest number of project bookings in the… Read More »
Now remember guarantees and stock markets don’t mix. The returns from the equity markets are not guaranteed. So in order to give you guaranteed returns these plans tend to shift their portfolio between debt and equity in such a way that that the plan’s highest NAV is locked by shifting a part of equity assets… Read More »
With quality Indian education becoming beyond the reach of the average Indian students, finance is the first thing many of them think about an educational loan. This is where banks have stepped in with novel education loans. After personal loans, banks are now targeting educational loans as the next big market. To capitalize on this… Read More »
ICICI Bank and HDFC Bank, two of India’s biggest banks in which foreing investors hold over 51% equity, will now be treated as ‘foreign’ banks. The government’s decision will affect the prospective investment plans of these banks in associates or in segments which have a ceiling on foreign investment.
Leading consumer electronics company Panasonic has announced its intentions of establishing an internal division, Panasonic Automotive Systems India, to concentrate on the Indian automobile sector.
DLF, India’s biggest real estate company, has selected Goldman Sachs as an advisor as it tries to find buyers for Aman Resorts, a luxury hotel chain it had purchased in November 2007 for $400 million.
Private sector bank Lakshmi Vilas Bank has said it has recorded a total business increase of 22.79% at Rs 15,561 crore for the financial year ending 31st March, 2010. Last year, the bank’s total business was worth Rs 12,673 crore. In a statement, the bank says, “The total deposits of the bank rose from Rs… Read More »
It is important that you read and understand the reward offers completely. Say Mr. Gupta had earned 10,000 reward points on his credit card. When he went to redeem these points he was in for a surprise – his reward points had expired in the previous month. Since he had failed to read the fine… Read More »
As a bid to restrict the misuse of legal methods for spreading rebellion in the country, the Govt. has frozen 18 bank accounts held by terror suspects under the Unlawful Activities (Prevention) Act. The bank accounts were maintained in high alert areas such as Pune, Guwahati and West Bengal and have been frozen as per… Read More »
State Bank of India has hiked its interest rates on foreign currency non-resident bank deposits and non-resident external rupee term deposits with immediate effect. FCNR(B) deposits in US Dollar with maturity period of one year to below 2 years will now carry a rate of 1.92% (1.84%) while deposits for 2 years to below 3… Read More »