Ideally banks offer loan amounts up to a limit of around 50% of your income. This does not mean you should utilize the entire limit available. Keeping EMI repayments within 30-40% of your budget will help you save nearly 30-50% of your income. Money management experts recommend that you should try and save up to… Read More »
Recent reports seem to indicate that a very small percentage of senior citizens only seem to have taken advantage of the facility since its inception. This could be perhaps a better awareness had not been created about the product. The product is still evolving and may take on new dimensions depending on how the banks… Read More »
The government owned bank, Union Bank of India intends to raise $300-500 million by the way of a bond issue dated to appear next month. This is done to promote its business expansion plans, said a leading official of the bank on Wednesday.
Honda Siel Cars India, the Indian subsidiary of Honda Motors of Japan today announced that it plans to recall over 8,500 City sedans produced in India in 2007 in order to alter a faulty switch. Since the company sold 26,800 cars in that year, nearly every 3rd of these cars need to have their faulty… Read More »
Yes Bank, a private sector bank announced on Thursday that it has managed to raise $225 million (approx. Rs 1,034 crore) via selling its shares privately to institutional investors. A statement released by the bank said, “The issue of $225 million, was significantly oversubscribed on strong demand from foreign institutional investors and domestic mutual funds”.
Volkswagen India is all geared to Motor sport in a totally new direction this year with the introduction the Polo Cup races in India. The Polo Cup India season is set to begin from the 19th June 2010, with total 6 races. This is the first Polo Cup in India.
Ultimately Nissan has introduced the stupendous 370Z sports car in India. It is available in 8 body colors and offers the alternatives of a 7-speed auto and a 6-speed manual gearbox. This car is one of the most respected names in sports car family.
India’s biggest private sector bank ICICI Bank has ruled out the foreign buys. However it said it is looking to purchase local banks in order to maximize its presence and business in the country.
RBI announced the hike in CRR by 75 basis points in order to combat rising inflation. This will make banks exercise restrain while lending. However they are not expected to increase the rates straightaway due to extra liquidity in the system. The industry does not predict the interest rates to increase in the immediate future… Read More »
Although at a cursory glance some of the ideas discussed above might sound to be the stuff that our Auditor/Financial Planner should be concerned with and not us, it is imperative that we understand the philosophy behind them so that we are more in control of our income tax assessments. With the increasing benefits of… Read More »