ING Vysya ties up with BankBazaar.com

Private sector lender ING Vysya Bank has announced that it has linked up with BankBazaar.com, which would allow users of the Web site to get instant interest rate quotes on home loans and personal loans from it.

According to the sources, the Web site will facilitate the loan seekers to get competing personalised loan quotes from multiple banks, inclusive of rates provided by ING Vysya Bank within a couple of minutes.

The website claims that, on BankBazaar.com, a loan seeker, can easily find and apply for a loan just within 12 minutes.

According to the officials of the bank, in the coming months, more ING Vysya Bank products will be launched on BankBazaar.com.

The reports revealed that ING Vysya Bank, by entering into a tie up with BankBazaar.com is creating an easy channel for candidates to actively look at competitive interest offerings on its products, while considering a host of options available in the market.

Scrip of ING Vysya Bank plunged 11.65 percent, to settle at Rs 155 on National Stock Exchange (NSE). The total volume of shares traded was 14,419 at NSE.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.