General Motors (GM) has announced its exit from India by the end of this year, according to a report by Economic Times. The company had been operating in India for more than two decades under the brand name Chevrolet. However, during this span of 21 years, GM could acquire only 1% of the Indian automobile […]
Indian Automobile House, Tata Motors Ltd. (TML), signed a memorandum of understanding (MoU) with the Automobile industry giant, Volkswagen, to develop product components and futuristic vehicle concepts under joint partnership. Skoda Auto AS, on behalf of VW, will work with TML to make this a reality. This partnership has come as a backdrop of results […]
After the merger of State Bank of India and its associate banks, Indian banking industry is working on the next round of consolidation and public offers so that the banks can raise fresh capital. Next in the line is Punjab National Bank and Bank of Baroda, which might take over small lenders. According to the […]
The NPCI (National Payment Corporation of India) has reported that an estimated 25 lakh shops across India have started accepting card payments through PoS terminals. Of these, an estimated 10 lakh PoS machines across India were installed after the 8th November 2016 announcement. As per the State Bank of India, the addition of these PoS […]
Kotak Mahindra Bank has launched zero balance 811 savings account on Wednesday. This is India’s first paperless, real-time, app-based savings account that can be opened from the bank's app in 5 minutes using Aadhaar and PAN number. This account can be used like any other regular account for such services as transaction, managing investments and […]
German Sports car makers Porsche and Mercedes Benz have added new entry level models to their segments at half prices as compared to their full feature performance cars. These cars would not give performance required from vehicles made for speed but these cars would be ideal for Indian roads and driving conditions. Porsche’s Macan […]
You might have seen quite a few advertisements recently that show that home loans are now available for interest rates as low as 8.5% per annum. These rates are indeed among the lowest in history and it is definitely a good time to invest in a property of your choice. However, before you get inspired […]
On Monday, the cabinet approved the merger of Bhartiya Mahila Bank with the country’s largest lender State Bank of India. The decision was taken to ensure that better banking services reach to more women at a faster pace. This approval has come after last month’s approval for the merger of SBI’s five associate banks with […]
Opening a savings account, for most people, is a no-brainer. And with processes easing, and going digital, people usually only consider the interest rate being offered, for choosing a savings account. However, it’s also important to know about the various charges and fees the banks may charge because in most cases, a little bit of […]
A Savings Account is usually our first association with a bank. And with so many banks offering so many variants of savings account, it might be difficult to choose one. To make the right choice, you must be aware of all the options available. Following are few of the less popular yet incredibly lucrative savings […]
