Tata Motors to storm premium SUV segment with new launches

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Tata Motors, which brought the iconic UK auto brands Jaguar and Land Rover (JLR) under its fold last year, is planning to storm the Indian premium sports utility vehicle (SUV) segment with a series of new launches from November this year.

The Indian automobile giant, which introduced the UK brands in India in June with the opening of its exclusive showroom in south Mumbai, has received a good response for the premium vehicles. The company has sold 20 units of Jaguar and Land Rover models in the last two months with the order book looking healthy in the near future.

Read moreTata Motors to storm premium SUV segment with new launches

Final 3G Spectrum price may be higher than the base set by the government

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The government has fixed a base price of Rs 3,500 crore for a pan-India license in the forthcoming 3G spectrum auction, nearly 75% higher than the price decided earlier at Rs 2,020 crore. The reason behind the higher base price was because the finance ministry wanted to make sure that government gets a reasonable price per unit of spectrum.

However, the actual price is likely to be much higher than what has been asked by the government. All leading operators like Bharti Airtel, Reliance Communications, Vodafone-Essar, Tata Teleservices and Idea Cellular are gearing up to place bids for 3G spectrum and have already started fund raising exercises. New licensees like Datacom Solutions and Unitech Wireless too are likely to try, though they might find it difficult if the bidding becomes really aggressive.

Read moreFinal 3G Spectrum price may be higher than the base set by the government

Insured Vehicles Database in India

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Insurance Regulator, Insurance Regulatory and Development Authority (IRDA) is developing database of all insured vehicles. This is following to the release that IRDA has prepared draft on design and development of Vehicle Insurance Status SMS System (VISSS).

The proposed system will offer instant and easy availability of insurance status of the vehicle. Due to this authorities will be able to track vehicles which are not insured, which will help them to take action against such non-insured vehicles and will also reduce forged policy document. This will lead to more and more vehicles getting into insurance bracket.

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National Stock Exchange Removes Pipavav Shipyard Book Building Link

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The National Stock Exchange of India has removed the link for ongoing IPO of Pipavav Shipyard which indicates the current book building position. NSE is supposed to host a Link to Ongoing IPOs and provide Live Book Building Status to all the Investors of India. Here is evidence about NSE taking off Pipavav Shipyard’s Book … Read more National Stock Exchange Removes Pipavav Shipyard Book Building Link

Max New York Life – Ropes in Sr Citizen Amitabh Bachchan as brand ambassador

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Max New York Life, one of India’s leading life insurance companies has roped in Amitabh Bachchan as the brand ambassador for Max Vijay.  Had it been a Sr. Ciizens Plan it would have made sense 🙂

Max Vijay is specifically targeted at providing financial inclusion to the underprivileged masses. This is a unique product that has been designed keeping in mind the savings and protection needs of the common people.

Read moreMax New York Life – Ropes in Sr Citizen Amitabh Bachchan as brand ambassador

Shoppers Stop Franchises Crossword Stores

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Shoppers Stop, part of Raheja Group, has opened its Crossword franchisee store at Powai in Mumbai and one Crossword store at Hypercity, Hi-Tech City at Madhapur in Hyderabad. Following the development, the retail major now has 53 Crossword stores. Shoppers Stop runs a chain of departmental stores with brands including brands Shoppers Stop, Home Stop, … Read more Shoppers Stop Franchises Crossword Stores