As per data recorded during the January to March 2016 period, the Indian automobile market has witnessed robust growth despite restrictions on sale of high engine capacity diesel vehicles. During the study period, utility vehicle sales witnessed an increased by 12.7% to reach the 213,000 units mark as per data published by SIAM (Society of […]
Royal Bank of Scotland (RBS) has decided to close its corporate banking operations in India as a part of Chief Executive Ross McEwan's plan to limit RBS operations to 13 out of the present 38 countries. The decision to wind down its Indian units comes after its failure to find a buyer due to the stringent […]
With the continued decline in the value of the rupee vs. the US dollar and a substantial increase in tuition fees at overseas institutions, the education loan requirements of Indian students have witnessed a noticeable increase in recent times. According to data provided by education loan providers in India, the loan requirement of students interested […]
DCB Bank has become the first domestic bank in India to provide biometric-based ATM services that won’t require people to enter their debit card PINs. The bank has installed an Aadhaar-based ATM at its corporate office in Lower Parel Area of Mumbai. It will test the new technology at its pilot ATM for more than […]
Demand for automatic cars has witnessed a steep rise in India with 1 in every 10 cars sold in the country being an automatic. According to a report published by Nielsen and Frost & Sullivan, with automatic cars already accounting for 10% of all cars sold in India and even more automatic car launches planned […]
The Reserve Bank of India along with the 10 largest banks in India, have introduced a UPI (unified payment interface), a smartphone application that substantially reduces the time and cost of sending or receiving money using your cell phone. The app can be used to transfer amounts ranging from Rs. 50 to Rs. 1 lakhs […]
Maruti-Suzuki Vitara Brezza, the recently introduced compact sports utility vehicle (SUV) from Maruti, has garnered an unprecedented level of interest. The vehicle’s booking numbers since launch have already exceeded 40,000 units with new booking wait times of 3 to 5 months. First showcased by Maruti in the 2016 Auto Expo, this compact SUV was launched […]
Tata Motors, India’s leading automobile manufacturer on the basis of revenues, has launched its highly anticipated affordable hatchback —Tata Tiago. The automaker’s latest offering boasts of an introductory price tag of Rs. 3.2 lakhs for the base model, while the premium variant is priced at Rs. 5.54 lakhs (ex. showroom New Delhi). Tiago hatchback is […]
Federal Bank, a leading private sector lender based out of Kerala, and Philip Capital (India), a subsidiary of the Singapore-based Philips Capital group, have entered into an agreement for managing PIS (Portfolio Investment Scheme) on behalf of non-resident Indian (NRI) clients of Federal Bank. PIS is a type of investment favoured by NRIs as the […]
Take a look at this scenario: Vaibhav graduates from a premium B-school, with a substantial education loan against his name, and gets recruited by a well-known MNC. However, the financial burden on his shoulders — even though he bags a well-paying job — is immense. Usually for the middle class, a degree from a premier […]
