business

Automobile major, Bajaj Auto, has clocked fall in two-wheeler sales by 34%, to 110,363 units in January 2009 as against 167,592 units in the previous year month. While, the three-wheeler sales plunged to 21,985 units as compared to 24,601 units in the last year period. However, exports rose by 24%, to 54,027 units during the … Read more Bajaj posts fall in two and three wheeler sales in Jan, exports up

The Board of Directors of Satyam-linked construction company – Maytas Infra has accepted the resignations of three directors at a meeting held on Friday. C.S. Bansal, R.C. Sinha and P.K. Madhav have resigned from the board but Bansal continues to hold the position of President- Transportation and Oil and Gas Sector. B Narasimha Rao was … Read more Maytas Infra board accepts resignation of three directors

A Hong Kong-based journal Asia Asset Management has named Reliance Capital Asset Management Company, which manages Reliance MF schemes, as the best fund in the country for 2008 as it has maintained its growth trajectory even in the midst of the ongoing global economic crisis. Largest in terms of asset, Reliance Mutual Fund manages a … Read more Reliance MF named India’s best fund house

State Bank of India’s move to offer home loans at as low as 8% is set to start a new price war in the home loan market. The fact that bank will allow borrowers to switch to itself after foreclosing existing loans may have strong impact on other banks’ business. As a result, many other … Read more SBI cuts Home Loan + Allow Switch

The Securities and Exchange Board of India (SEBI), at its board meeting today, is expected to take up the proposal of waiving the open-offer pricing rule for potential buyers of scam-hit Satyam Computer Services. Prospective bidders for Satyam including Larsen & Toubro (L&T), iGate and HCL have sought an exemption from the current open offer … Read more SEBI meet to discuss Satyam offer price