New India Assurance, the country's largest insurer, on Friday launched a new scheme, called New India Asha Kiran, which offers a discount of 50 per cent on policy rate for girl children.
Launched on the eve of International Women's Day, the New India Asha Kiran is floater policy that covers the proposer, spouse and dependent girl child. In case of accident of parents, the sum insured will be placed as fixed deposit (FD) in the name of the girl child.
Tata Motors Ltd on Thursday launched a new range of low-priced truck models, as the Indian auto giant is looking to tap the country's high volume multi-axle segment.
The new low-priced truck models, launched under the Prima brand, are nearly 20 per cent cheaper than the company's existing Prima range of trucks, and merely 5 per cent costlier than its conventional trucks.
The price tags for the Prima LX trucks range between Rs 18.5 lakh and Rs 32.5 lakh, while the company Prima trucks cost in the range of Rs 23 lakh to Rs 65 lakh.
Daimler India Commercial Vehicles (DICV), a wholly owned subsidiary of German auto giant Daimler AG, on Thursday laid the foundation stone for a new bus manufacturing & assembling facility in Chennai.
The upcoming manufacturing facility, which will be set up at the company's existing site of Oragadam plant near Chennai, will produce both intra-city and inter-city (luxury and premium) buses.
The Indian arm of Daimler AG has plans to produce two different sets of buses under two different brands, viz. Bharat Benz and Mercedes Benz, to compete with existing competitors.
As part of its efforts to prevent bribery and corruption charges in the future, aerospace and defence firm Rolls-Royce has slashed the number of middlemen or intermediaries it uses to hit deals.
Apart from slashing down the number of intermediaries, the British manufacturer announced the re-launch of around-the-clock ethics telephone line for staff. In addition, the company has created a new role of head of risk training.
The company also announced that its senior leadership team would not get any pay increment in 2014.
Public sector banks' non-performing assets (NPAs) or bad loans could rise further in 2014, Union Finance Minister P. Chidambaram said following a performance review meeting with PSU banks and financial institutions on Wednesday.
Mr. Chidambaram said PSU banks' NPAs, which at the end of March 2013 were at 3.84 per cent, would likely be a little higher in 2014. However, he added that NPA levels should be looked only at the end of a year as figures collected at the starting of the year could depict a very misleading picture.
While many political parties as well as consumer advocates have been criticizing the government for increasing the price of domestic gas, state-run Oil & Natural Gas Corporation (ONGC) has expressed concerns that even the increased price would not be able to make all gas discoveries viable.
The government has decided to increased domestic natural gas price to almost double, from current $4.2 per million British thermal units (mBtu) to $8 per mBtu from the April 1, 2014.
As per some estimates, ONGC will receive additional revenue of Rs 16,000 crore from gas price rising.
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