Tag: cars

Private banks at high risk of losing customers: IBM study

NEW DELHI: Private sector banks in India are at a greater risk of losing their customers on account of non-satisfactory services as compared to public sector banks, says a study by technology giant IBM. Conducted by research firm IDC, the study titled ‘Understanding the Indian Retail Banking Customer’ says push marketing is fast becoming obsolete… Read More ›

Tata Motors launches campaign against spurious spare part makers

This is part of a systematic campaign against the sale of spurious spare parts under the Tata Genuine Parts brand.  PUNE: Cracking down on counterfeit spare parts makers, Tata MotorsBSE 0.15 % conducted a raid at 33 parts manufacturers and duplicate packing suppliers in Maharashtra. This is part of a systematic campaign against the sale… Read More ›

Target is to raise non-auto share: Steffen Berns

Interview with Managing Director, Bosch Ltd Having fared comparatively better than the Indian automobilemarket in 2013, which declined by 3 per cent on the production volume (without two-wheeler segment), the automotive business of Bosch Limited registered a marginal decline of 0.7 per cent. Steffen Berns, managing director, Bosch, explains, in an interview with Mahesh Kulkarni, how the… Read More ›

Autoline Industries soars on stake sale plan in US unit

The board will meet on March 11 to explore various avenues of raising funds to meet the funding requirements of the company. Autoline Industries has soared 9% to Rs 70.30 after the company said its board will meet on March 11 to consider fund-raising options, including selling stake in U.S. unit. The board of directors of… Read More ›

A Snapshot of PE activity & deals

Sector-wise allocations in 2013 Capital goods attracted the most investments, accounting for 29.43% of the total investments in terms of deal value, followed by software & services (21.86%) and retailing (16.27%). READ MORE… SOURCE: http://www.business-standard.com

Auto part makers unsure about revival in demand

Will benefit only if excise cuts on cars and SUVs are retained by incoming govt The excise duty cuts announced in the interim Budgettriggered a sigh of relief in the Indian automotive industry, which has been in the grip of a demand slump over the past two years that hurt not only OEMs (original equipment manufacturers) but component suppliers as… Read More ›

Betting on a bank licence may backfire in NBFC space

NBFC stocks are in focus as some investors are showing renewed interest in them in the hope that they or their parent company would get a banking licence soon.  NBFC stocks are in focus as some investors are showing renewed interest in them in the hope that they or their parent company would get a banking licence soon…. Read More ›

IRDA prescribes standard format for insurance policy

Insurance regulator IRDA today prescribed a standard format for life and non-life insurance policy to improve transparency and help people take informed decisions. “…all the insurers are advised to make available all the policy servicing forms also in languages recognized under the Constitution of India so as to meet the requirements of policyholders,” IRDA said… Read More ›

Gold price futures surge on global cues

Gold prices rose sharply by Rs 285 to Rs 30,375 per 10 grams in futures trade today as speculators created fresh positions taking cues from overseas markets. At the Multi Commodity Exchange, gold for delivery in April rose by Rs 285, or 0.98 per cent, to Rs 30,375 per 10 grams, with a business turnover… Read More ›

How Raghuram Rajan spends 6 months trying to fix the fault lines

Reserve Bank of India governor Raghuram Rajan put in place rules to curb speculation in the currency markets, made it cheaper for banks to attract FCNR deposits and allowed OMCs to borrow from a special swap window. The result has been a strong rebound in the rupee. There was succour for the money market too… Read More ›