Suzuki eyes customers who ‘upgrade to other brands’
Suzuki has decided to roll out its new cars, aimed at younger buyers, with only the ‘S’ badge. The rear of the new cars will also sport the model’s name and a logo denoting the vehicle’s engine size, apart from a sticker of the Nexa dealership. Currently, the badge... read more »
Govt to sell stake in Oil India, NTPC, 3 other PSUs
The government will sell a minority stake in the nation’s biggest power producer NTPC, as well as in Oil India Ltd and three other PSUs as part of its disinvestment drive. The Department of Disinvestment today sought bids to appoint legal advisors for sale of stake in five PSUs through an... read more »
India is now a $2-trillion economy
India’s GDP crossed the $2-trillion mark in 2014, according to data released by the World Bank in Washington late on Wednesday. After taking 60 years to reach the $1-trillion mark, India added the next trillion in just seven years. The World Bank data also show that India’s gross national... read more »
DBS India posts Rs 275-cr loss in FY15 on provisioning
Singapore-based DBS Bank has posted a loss of Rs 275 crore in FY15. This is the first time the bank has incurred a loss in its India business since it set up its first branch in India in 1995. This loss on the book was mainly on account of a clean-up of its bad loans portfolio. In FY14, DBS’s... read more »
