Bajaj Auto launched its new ‘Discover 125 ST’ bike, on Monday, which promises performance of a sports bike keeping in mind both comfort and economy of a commuter. It is built on a new platform and is powered by ‘DTS-iTwin Spark’ technology. It comes with a five-speed gear box, ‘monoshock nitrox suspension’ to...
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Temporarily, Sensex has ended at 17,127 – down three points. Nifty ended flat at 5,186 Markets are trading in the red in late-noon trades. The Sensex has slipped 56 points at 17,074. Nifty is down 15 points at 5,174. Markets gave off morning gains after bourses in Europe opened weak. In Asia, Japan’s Nikkei share...
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After taking a cue from the large banks, Syndicate Bank reduced its lending rates. From May 1, 2012, the rates will be applicable. . It slashed its base rate by 25 basis points (bps) to 10.5% from 10.75%. In addition, the Benchmark Prime Lending Rate has also been slashed by 25 bps to 14.75% from 15%. The revised interest rates will...
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Cash-strapped national carrier Air India invited merchant bankers to raise working capital loans up to $1 billion from overseas markets; two days after the government Okayed a turnaround plan. The move follows the government allowing Air India to borrow up to $1 billion annually through the external commercial borrowing (ECB)...
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Micromax, the Indian handset maker introduces its first Android tablet, Micromax Funbook. It is an Android 7-inch tablet PC with lots of advanced features. Low price with best features has always been the lookout of all Indian Tablet manufacturers. After Samsung, Asus and all other leading global tech makers Indian company Micromax...
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The financial restructuring plan of Air India has approved by State Bank of India, a consortium of 19 banks. The plan, which includes debt restructuring of Rs 18,000 crore by the banks and a committed equity infusion by the government, will require Cabinet approval. Of the Rs 22,000-crore high-cost working capital debt of the...
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