HDFC Bank, a leading bank in the country that offers various banking services including Personal Loans has been penalized by the District Consumer Complaints Redressal Forum. The bank was held responsible for illegal fund transfer in an internet banking transaction. As per the order dated 25th March, the Forum has asked the bank to refund… Read More »
Hyderabad and Bengaluru are the 3rd most chosen real estate investment spots in 2010, nationally, as per online real estate website, Makaan.com. The real estate portal said that it held a nationwide online survey called Realty Trends 2010 for metros and Tier II cities throughout the country, which was participated by more than 4,800 prospective… Read More »
Czech luxury car manufacturer Skoda has introduced a new model of its sedan Superb which will be more than Rs 1.5 lakh less than the current automatic model. The company launched the Skoda Superb 1.8 TSI (Petrol) with manual transmission (MT) costing Rs 18.28 lakh (ex-showroom, Delhi).
India’s biggest bank SBI said it intends to recruit around 15,000 business correspondents this fiscal, who will assist rural people to open bank accounts. A top SBI official said, “In order to expand our presence in the unbanked areas, the bank intends to hire around 15,000 (business correspondents) in 2010-1”.
Now, with implementation of DTC, PPF will come under the EET (exempt, exempt, tax) regime. Under the EET model proposed by the DTC, contributions to PPF would be taxed at the time of withdrawal. However, balance accumulated or investments made till 31 March 2011 and the interest they earn will not be taxed. Hence only… Read More »
Many big banks have opted not to continue with the special home loan scheme called as teaser home loan. Banks such as Punjab National Bank, Corporation Bank, United Bank of India and Bank of Maharashtra have chosen to terminate this scheme.State Bank of India, the country’s biggest lender has increased the duration of this scheme… Read More »
Realty sales in Mumbai Metropolitan Region (MMR) have decreased. The total area m sq ft sold in MMR in December 2009 as against September 2009 quarter, has fallen. Prices have gone up or remained flat in few instances. This implies that homebuyers are sticking on to their demand and applying control. Demand for expensive houses… Read More »
Volkswagen, Europe’s biggest car manufacturer announced the introduction of the Passat TSI and Jetta common rail diesel engine. The Passat 1.8 L TSI costs Rs 19.20 lakhs, ex showroom New Delhi. The Jetta 2.0 L diesel Comfortline costs Rs. 15.92 lakhs. ex showroom, New Delhi. The Passat will be fitted with TSI petrol engine. The… Read More »
India’s biggest car manufacturer, Maruti Suzuki India, said it might launch factory-fitted CNG cars by next financial year. R C Bhargava, Maruti Suzuki Chairman said, “Our R&D people are working on developing a CNG vehicle which will have factory fitted kits. We are going ahead with the development but lot will depend on availability of… Read More »
With inflation affecting even non-food items, the Reserve Bank is expected to tighten its monetary policy further in its next annual policy, which can increase interest rates, Citigroup said. A Citigroup Global Markets report said, “With inflation getting a bit more generalised, we expect the RBI to raise rates once again in its policy on… Read More »