Despite the government advisory, IDBI Bank has switched over to a variable pay structure for its officers. They are now eligible for a fixed portion of 70% in their salary. With this, it has become the first public sector bank to opt for this structure as other banks have given up on this plan due… Read More »
Very soon, investors will have more outlets for investing in the new pension system (NPS). These include post offices as well. Being dissatisfied with the current distributors, the pension fund regulator has tied up with 8 more service providers to increase the reach of the schemes. The scheme was first made open to public in… Read More »
The Orissa government has planned to generate exclusive land banks for industrialization. This is being done in order to encounter the issues of getting land for many projects undertaken by the state.
According to Mark Mobius, global investor and emerging markets fund manager, some parts of India and China could become ‘next Dubai’. In his interview to Bloomberg, he indicated that considering the liquidity in the two Asian nations, there could be isolated pockets of disaster on account of over-spending and over-leveraging. While he mentioned that though… Read More »
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.