If you are someone like Rahul who needs a life insurance policy that would take care of his family needs upon his death and returns upon the maturity of the policy even during his lifetime the ULP could be your best option! In short the ULP is a perfect combo of the death benefits an… Read More »
The Central Government has stated that it does not have any objection to public sector banks venturing into non-banking segments. Financial Services Secretary, R. Gopalan said, “There is no issue at all. We have never asked and there is no thinking in the ministry. The banks have to expand in various financial product activities so… Read More »
LIC cards, the card division of Life Insurance Corporation (LIC) of India has established a goal of creating credit card sales worth Rs. 5 lakh in the next fiscal. If this target is achieved the company’s card sales will be half a million. The company has a client base of 50, 000 within a year… Read More »
BMW said it will introduce the newest model of its sedan ‘5 Series’ in India this year to bring in volumes and thwart increasing competition from rivals, Mercedes and Audi. With easily availability of low cost car loans, this car is expected to get a good response.
After the recent increases in deposit rates by leading banks such as ICICI and HDFC Bank, the Indian Overseas Bank has also increased the deposit rates by 50 basis points. IOB executive director YL Maran said, “We have decided to raise the deposit rates considering the current market conditions. We expect the rate to firm… Read More »
With the upward spiraling of inflation, it is anticipated that the RBIwill increase its main policy rates next months, according to chief economists. The central bank is expected to hike the repo and reverse repo rates by 0.25-0.5% at the next yearly monetary policy next month, they maintain.
With inflation running in 2 digits now and at an average of 7% over the past decade, the return of just above 7% from the bond, makes it a good hedge for inflation. This aspect of the bond along with the potential exit route by trading in BSE may be attractive for those who need… Read More »
Japanese car manufacturer Nissan said it intends to sell 100,000 cars in India by 2013. For this, it plans to introduce 9 models during the next 2 years, including the sedan edition of its newest compact car Micra.
State Bank of India heads the list of the biggest advance tax-payers while 3 other public sector companies — LIC , IOC and Bank of Baroda are some of the leading 10 advance tax-payers for this fiscal (FY10), according to an Income Tax source. This increase in the tax payment was due to its popular… Read More »
A report from the banking Ombudsman report has said that the complaints lodged against credit card companies have seen a frequent increase each year. The number of complaints went up by 74% during the year 2008-09, as per the report.