Manufacturers focusing primarily on selling diesel cars such as Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen foresee a big fall in sales should the government accept the suggestion by Parikh committee to levy a flat tax of Rs 80,000 on diesel cars, due to increasing price differential with petrol models.
India’s banking regulator, RBI does not possess any details regarding the stiff fines and steep interest rates charged by banks on credit card defaults. When asked if RBI is aware of the fact that the banks are levying stiff fines along with heavy interest rate on credit card defaults and the statements are not sent… Read More »
Economic growth figures for the present financial year that will be released around May will give the actual scenario to the government to take the decision whether they can roll back the package. This was stated by Pronab Sen, the chief statistician.
Honda Motor, Japan’s 2nd main car maker reported nearly 7 fold increase in profit in the final quarter from the previous year. This was due to higher sales in India and China.
On Thursday, ICICI Bank said that it foresees the interest rates to go up from the 2ndquarter of the forthcoming financial year, since investment activities will go up from then on.
On Thursday, the government said that it might take a decision on the Parikh Panel suggestions of liberalizing the oil rates and hiking the prices of kerosene and cooking fuel prior to budget.
The branches of banks and their front offices are set to recover their lost glory. A year back, problems in worldwide financial markets and subsequent economic slowdown affected the sector.
Figure the objective of the investment. Understand the scope or mandate of investment. It outlines the debt-equity mix and the type of instruments that the fund would invest. It indicates where your money will be invested by the fund manager i.e. whether large, mid- or small-cap specific, the level of diversification, the option to the… Read More »
The easiest loan that any businessman can get is the daily/weekly payment loans from local financiers. But the interest rate here can be very high – in the order of 3% and above per month. Also there is the element of getting lesser amount that the loan amount due to advance payment of EMI. A local… Read More »
Union Bank of India foresees an increase in non-performing assets (NPA) in the forthcoming quarters. In fact, the bank has already seen slippages due to its restructured loans. The bank’s chairman and managing director MV Nair said that till December, the bank has seen a 5% reduction in the restructured loan portfolio worth Rs 4,700-crore.… Read More »