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Tata plans hybrid cars on Nano platform
Tata motors has plans to use its Nano platform to build electric and hybrid cars and to produce more high-end models. “The Nano is just not a car for Tata Motors, it is also a platform to create more high-end...
Retail investors take MF route to join mid-cap rally
MUMBAI: Having burnt their fingers in small- and mid-cap shares ast year, retail investors have taken a more cautious approach this time: they are playing the mid-cap rally through the mutual fund (MF) route. Market watchers say this could further...
Make long-term moves for maximum returns
MUMBAI: “Every investor is a long-term investor until the stock market tanks,’’ says Amar Pandit, certified financial planner (CFP) with my Financial Advisor, a wealth management firm. “You get to know his mental make up only by how he reacts...
Bharti relaunches MTN merger bid
NEW DELHI: Recessionary times hold little fear for visionaries. Especially if they happen to be leaders in the one industry where India is the world’s fastest growing market. At a time when global giants are complaining about a cash crunch and...
RBI survey reduces GDP to 7.5% for 10 yrs
NEW DELHI: A Reserve Bank-conducted survey on Thursday lowered India’s growth rate projection to 7.5% per annum for the next 10 years, down from 8.8% estimated earlier. “For the next 10 years, GDP is expected to grow at 7.5%, revised...
India Inc votes for non-Left govt
NEW DELHI: India Inc is heaving a sigh of relief. Its main worry that the Third Front, with Left parties playing an important role, will form a government receded to an extent as exit poll results showed that the new...
DLF looking to raise Rs 10,000 cr via asset sale
NEW DELHI: DLF, India’s largest real estate company, is looking to raise Rs 10,000 crore in the next 2-3 years through sale of its treasury investments, land parcels and real estate projects, said its vice-chairman Rajiv Singh. Mr Singh’s family, promoters...
SBI cuts FD rates by up to 50 basis points
NEW DELHI: The State Bank of India has cut its fixed deposit (FD) rates across maturities by up to 50 basis points (100 basis points = 1%), effective from May 18. This is the second time in this month, and...
Tata to raise £1bn to keep Jaguar Land Rover afloat
LONDON: Tata group-owned Jaguar Land Rover (JLR) is planning to raise up to £1 billion by September to keep the cash-starved company afloat without the British government’s help, according to British publication The Guardian. As per the report the Tatas have...
Satyam paid tax on fake interest
NEW DELHI: Satyam Computer Services paid Rs 186.91 crore as tax over seven years on fictitious interest income on non-existent fixed deposits, said the Serious Fraud Investigation Office (SFIO) in its report on the accounting scam in the IT firm. Satyam...