Tag Archives: in

1 Crore ‘Mistakenly’ Deposited In Labourer’s Account

Bhopal: A whopping Rs. 1,00,10,000 (one crore ten thousand) were deposited in a dormant account of a labourer at Khidiya branch of Bank of India in Hoshangabad district of Madhya Pradesh after demonetisation. Bank officials said it was a “clerical mistake”. Asaram Vishwakarma, the labourer, learnt about the fortune sitting in his account with the Bank of India branch when ... Read More »

Samsung Galaxy S7 and Galaxy S7 Edge Users in India Receiving December Security Update

 Samsung’s Galaxy S7 and Galaxy S7 Edge are receiving December security updates. The update is being rolled out in India as well. The size of the update varies depending upon your current version and it brings the Android December security update as well as other stability improvements and bug fixes. The Samsung Galaxy S7 is receiving software version G930XXU1BPL2 while the ... Read More »

‘Indian Banks Take More Risk During Upturn In Credit Growth’

New Delhi: Indian banks tend to take more risks during times of higher credit growth while the non performing loans of private sector lenders are more reactive to changes in interest rates, says a working paper released by Switzerland-based BIS. Titled ‘Bank lending and loan quality: the case of India’, the working paper said the non-performing loans (NPLs) of private ... Read More »

Foreign Reinsurers To Be Operational In 6-9 Months, Says Regulator

Currently, state-owned GIC Re is the only reinsurer operational in the country. (Representational image) Kolkata: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said it expects foreign reinsurers, which will get final clearance from the insurance regulator, to be operational in the country over the next six to nine months. “We are hopeful that global reinsurance companies which will get final ... Read More »

Apple Can Sell iPhone 7 in Indonesia Only After R&D Investment Commitment

Apple Inc has committed to invest around $44 million (roughly Rs. 298 crores) in a research and development center in Indonesia over the next three years, a senior government official said, enabling it to start selling its latest iPhone 7 in the Southeast Asian nation. Indonesia, a promising smartphone market where Apple has trailed some rivals, has stipulated that starting ... Read More »

Mercedes-Benz To Hike Car Prices In India By Up To 2% Across Model Range

Joining the list of carmaker’s who have announced price revisions this month Mercedes-Benz India has announced its plan to increase car prices in the country by up to 2 per cent, varying across the model range. The price hike will be for the carmaker’s entire model range and will be effective from 1st of January 2017. In a statement released ... Read More »

SBI Cards Sees Business Opportunity In Low Income Category

New Delhi: To tap opportunities arising out of limited cash supply following demonetisation, SBI Cards will soon launch credit cards aimed at the lower income group who have the capacity to pay but don’t have cards, besides quickening card delivery period to 2-3 days. “From the issuer side, what we can do is acquire more people and acquire faster. Another ... Read More »

Triumph Motorcycles Inaugurates 14th Dealership in India

Triumph Motorcycles inaugurated a new dealership in Delhi, the second in the Capital, and described as the largest dealership in north India. With this dealership, Triumph has expanded its dealership network to 14 across India. The entire Triumph range of motorcycles, of 16 different models spread across 5 broad categories will be available at One Triumph, East of Kailash, New ... Read More »

New MINI Clubman Launched In India At ₹ 37.9 Lakh

The new generation MINI Clubman has been launched in India at Rs 37.9 lakh (ex-showroom, Delhi). It is the second product to be launched by the carmaker in India this year, with first one being the MINI Cooper S Convertible. The Clubman is currently the longest model in the British carmaker’s line-up and in its second generation. It was early ... Read More »

Bajaj Dominar 400 Launched In India Priced At ₹ 1.36 Lakh; Targets 20% Share

Lifting curtains off the highly awaited model of the year, the Bajaj Dominar 400 has been officially launched in the country with an introductory price starting at ₹ 1.36 lakh (ex-showroom, Delhi) for the non-ABS version. Bajaj Auto’s biggest motorcycle ever begins a new journey for the bike maker in the premium space and the company states that it will ... Read More »