Apart from this the finance minister has also given an additional deduction of Rs 20000 for any investments in Infrastructure bonds. This will be over and above the Rs 1 Lakh we already have. Thus meaning we could even save up to ten percent of our income in case we are in the lower end… Read More »
Banks will required to lend at least Rs 1,68,000 crore in less than 50 days to reach the 16% increase in credit set by RBI for the present fiscal. As year on year credit expansion up to February 12 is just 9.9% compared to the targeted 16%, it is quite doubtful that banks will achieve… Read More »
BMW 325i petrol did not have the same impact as the BMW 320D in the Indian luxury car market. Taking note of this fact, BMW India has ultimately decided to stop the BMW 325i and introduce BMW 330i as a new model in the BMW 3 series. The BMW 330i has 6 cylinder petrol engine… Read More »
Indicating toughening of interest rates in the industry, India’s biggest private sector lender ICICI Bank on Thursday increased deposit rates in certain tenures by up to 0.50% with immediate effect. After this, the rate on deposits for 390 days goes up to 6.75% as against 6.5% previously, ICICI Bank spokesperson said. Interest rates on deposits… Read More »
The industry & services sector were both expected to show a strong recovery and is performing along the expected lines. The mining sector is presenting a strong output expansion similar to its performance in June and July 2009 but the growth in the output of crude oil and coal has shown a marked decrease. Hence,… Read More »
Pushed by robust volumes of the Pulsar and Discover, Bajaj Auto, India’2nd biggest two-wheeler maker, has reported a 112% increase in motorcycle sales in January to 2.33 lakh units, as against 1.09 units a year back. Total sales of 2 and 3 wheelers doubled to 2.7 lakh units, while exports went up by 33% to… Read More »
Mahindra & Mahindra (M&M) is believed to be in talks with Italian and British two-wheeler manufacturers to build premium bikes for the Indian market. Top officials aware of the development said Triumph and Moto Guzzi are few of the companies that M&M has conducted discussions with.
Gujarat has now become an auto center. After Tata Nano, now it is the turn of Hero Honda. The world’s biggest two-wheeler manufacturer Hero Honda is looking for a place to establish a production plant in the state. Sanand, which is also the home for Tata Nano, may be the location for Hero Honda’s 4th… Read More »
State Bank of India (SBI) is considering buying an important stake in Tata Motors Finance, according to a top bank official. OP Bhatt, who is the chairman of SBI said that they are thinking about the deal of investing in Tata Motors Finance. Tata Motors Finance is the car-financing division of the Ratan Tata-led venture,… Read More »
Mahindra & Mahindra is targeting a double-digit growth in two wheelers during the next 5 years and would also look for some purchases to attain this, said Anoop Mathur, President two-wheeler sector. As per him, as a portion of the $6.3 billion M&M Group, they are always searching for chances to expand.