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First it was the Commonwealth Games (CWG) and now it’s the Cricket World Cup (CWC) – two events that should have enhanced India’s image as the host of global sporting events but has instead hit the headlines for all the wrong reasons. While the chaotic preparations and organisational blunders surrounding the CWG are well documented, […]

Car companies are likely to raise prices by up to 2-3% next month, translating into an effective increase of around 10,000 for cars such as Maruti Swift, Hyundai i20 and Honda Jazz . The premium models like Toyota Camry or Skoda Superb will be costlier by over Rs 25,000. “There is immense pressure to increase […]

ICICI Bank and HDFC Bank increased their lending rates by up to 50 basis points, making home, auto and commercial loans dearer. ICICI Bank also increased deposit rates by up to 50 basis points across various maturities. In a release, ICICI Bank said it has hiked base rate, the minimum lending rate, by 50 basis […]

The bond issue of India’s lagest bank State Bank of India has been subscribed 17 times on the back of overwhelming response from investors. CNBC-TV18’s Managing Editor Udayan Mukherjee is not at all surprised by the overwhelming response. “I think the flavour of the market right now is fixed maturity plans,” he adds. Here is […]

The leading rate for a personal loan has dropped below the 7% barrier for the first time since June 2008. M&S Money is reducing the interest it charges on its unsecured loans to 6.9% from 7.5% for people borrowing between £7,500 and £15,000. Competition in the personal loan market has been intense since the beginning […]