With the dawn of new year, leading car makers like Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra, General Motors and also Fiat have recorded their highest monthly sales since their commencement. Sale of different types of cars went up by 33% to 175,526 units in January as compared to 131,636 units sold in January… Read More »
Banks are worried about the competition commission’s interference on homeloan prepayment penalty subject as they are worried that it would force their costs, hike risk and also increase the lending rates.
The government is expected to carry on with its current policies to assure economic stability in the approaching Union Budget, said a leading banker.
State Bank of India’s chairman, O P Bhatt told the reporters that The Reserve Bank of India has taken the correct step by increasing the cash reserve ratio by 0.75% to 5.75%. He said that the excess liquidity in the system, was disturbing the interest rate curve and it was possible for big companies to… Read More »
Maruti Suzuki, India’s leading carmaker, won’t be passing on the lower taxes, to the customers of its petrol variant Swift. The company stands to save about Rs 40,000 for each car due to reduced excise duty for the Swift’s smaller engine, but puts the blame on the cost hike for this decision. This is different… Read More »
ICICI Bank, which lowered retail lending at the time of credit crisis, has reduced car loan rates and increased its dealer commissions, in order to recover its old glory as a leading retail lender, according to those in know of the subject.
As per the 16th Index of Economic Freedom that was jointly published by The Heritage Foundation and The Wall Street Journal has reported that there is more economic freedom in Pakistan than India. The score for India’s economic freedom is 53.8, thereby making Indian economy the 124th most liberal economy in the world. On the… Read More »
It is possible that government might take the initial step towards fiscal consolidation in Budget of 2010-11 by partly withdrawing the tax cuts introduced to the industry last year to help the industry. The service tax rate might go back to 12% while excise duty may be hiked slightly. The finance ministry is thinking about… Read More »
Today you can buy a holiday home in a scenic setting and earn rentals and high returns. This is because most of the holiday homes are situated in areas that have high aspirational value and thus appropriate resale value and owning such a home in hills or on the beach is considered as the matter… Read More »
The initial small car manufacturers of the country who introduced the first low cost car Maruti 800 are in action again in order to vie with Tata Nano. They plan to achieve it by launching Maruti Cervo.The aim of Cervo is to enable the car makers to recover their lost ground in the small car… Read More »