In keeping with the overall decline in lending and deposit rates, Federal Bank has cut the interest rates offered on domestic fixed deposits by 0.50 to 0.25 percentage points. The heaviest cut is in the short-term deposit rate, where interest rate has been cut to 3.5% from 4.00% earlier. On longer-term maturities, interest rate has […]
India’s Jodi No 1 from the 90s and early 2000s is back, this time on the grand finale of DID Super Moms show on Zee TV. One of the most popular jodis of Bollywood- Govinda and Karishma Kapoor had left the entire nation spell-bound in the 90’s with their inimitable dancing style, penchant for comedy […]
BMW launched the Sports edition of its Series 3 Gran Turismo Sport line-up in India today. The new BMW 3 Series Gran Turismo Sport Line is available in a diesel variant (the BMW 320d Gran Turismo Sport Line) at a special launch price (Delhi ex-showroom) of Rs 39.9 lakhs. The price includes VAT @12.5% but […]
Mumbai Metro has tied up with Domino’s to offer customers pizza within 3-5 minutes of ordering, starting with the Chakala station. “This is the first such Domino’s Pizza outlet in India, which will bake Pizza in three minutes and offer the same to the customers,” Mumbai Metro said. Turbo ovens and pizza warmers have been […]
Edelweiss, one of India’s biggest brokers, has downgraded Nestle India to ‘reduce’ from ‘hold’ over the controversy surrounding one of its biggest revenue drivers – Maggi noodles. Some state governments have alleged that the noodles contain lead and high levels of MSG, which the company denies. Sales of Maggi noodles are expected to have halved […]
Tata Motors saw a big jump in the sales of its passenger cars in May, according to numbers released by the company. Nano, its entry-level offering, saw total sales of 1,365 cars during May compared to just 1,001 in the same month a year ago. A similar jump was seen in its core passenger car […]
MMP Mobi Wallet Payment Systems, a subsidiary of Tata Teleservices, announced a tie up today with Manappuram Finance, one of India’s leading gold loan NBFCs, for providing online repayment option to its customers. At present, gold loan customers have to physically go to the NBFC’s branches every month to pay interest and keep the loan […]
Maruti Suzuki India Limited introduced the diesel variant of its popular model Celerio, calling the car India’s most fuel-efficient, with a mileage of 27.6 km per liter. The move will be a boost to Maruti Suzuki’s fortunes in India. India’s largest car maker had been seeing its sales numbers under pressure for the last two […]
It is the underbelly of India’s electronics and e-waste industry, but a new study has shone some light on just how dangerous working with scrap electronics can be for Indians. “All recyclers and dismantlers are suffering from breathing problems such as asthma and bronchitis and have a detrimental effect on the respiratory, urinary and digestive […]
Pointing to a flattening out of the disinflationary trend, Emkay Global Financial Services said the Reserve Bank of India is unlikely to continue much farther with the ongoing rate-easing cycle. The RBI cut key interest rates by 25 basis points today – the third such cut this year – as inflation showed signs of easing […]
Tata Motors announced the launch of its 2015 model of Safari Storme, its India-focused SUV. The pricing of the new, 2015 Safari Storme starts at Rs 9.99 Lacs (ex-showroom, New Delhi). There are four variants – LX (4×2), EX (4×2), VX (4×2 and 4×4), and in five colors – Arctic Silver, Urban Bronze, Pearl White, […]
Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, said its non-voice revenue have now started contributing over half, or 51.1%, of its total revenue in India. With this, SSTL has become the first operator to achieve this milestone. Other operators such as Idea Cellular get only about […]
Rolta India, which has found itself in the midst of allegations of financial impropriety recently, said it has appointed Distributors in China, Russia and Germany to extend its reach in these markets. “These partners will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView™ Enterprise Suite,” it said. […]
Despite the recent decline in profit margins, Tata Motors’ Jaguar Land Rover business will grow at an average rate of 15% in the current financial year and the next, said Reliance Securities. It also said the domestic business has surprised on the upside with recent results. It said it expects JLR business to “remain on […]
In a reversal of sorts, the Kerala government has set up a welfare commission that will only help people who belong to economically forward classes. The setting up of the ‘forward class welfare commission’ has been approved by the state’s governor, and will shortly become law as it is published in the state gazette. This […]
SpiceJet said it had seen a 400% increase in booking volume on the first day of its holiday sale. The three day sale launched on May 19 will be open till midnight May 21. The travel period covered in this sale is July 1, 2015 to October 15, 2015. The offer is available for all […]
State Bank of India, the country’s biggest bank has expressed concern over continuing weak demand in the economy due to “entrenched disinflationary impetus and weak demand,” and suggested that the RBI should cut key interest rates. While economic growth is moderately strong right now, it said, these factors will impact IIP (Index of Industrial Production) […]
Real estate major DLF said it was aware of the appointment of Justice S.N. Dhingra as chairman of a commission to probe its land deal with Robert Vadra, son-in-law of Congress Party president Sonia Gandhi. “…it is well known that this was a very small transaction of approximately Rs 50 crore. When called upon, we […]
BlackBerry is offering special promotions to those who buy its BlackBerry 10 series phones from Infibeam.com. Besides a discount of up to Rs 10,000, buyers of BlackBerry 10 Smartphones can get 1 GB data free for 2 months on purchase of BlackBerry Z3 and 2 GB data free for 2 months on purchase of BlackBerry […]
Tata Consultancy Services Ltd has won shareholder approval for its ongoing merger with unit CMC Ltd. TCS had announced the merger late last year. A court convened meeting of shareholders of TCS was called yesterday, and over 99% of the votes cast on the subject were in favor of the merger. TCS already owned a […]
