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United Bank of India is on its way to clean up its loan book. A top bank official has informed that UBI is negotiating with some of the asset reconstruction companies to sell off a part of its bad loans.

The bank is looking forward to restructure its advance portfolio and to reduce its non performing assets burden. Huge NPA has become the major issue for the bank's operating profit.

Executive Director of United Bank of India, T M Bhasin has said that the bank has already disposed off around Rs 200-crore worth bad assets so far in this current fiscal year.

As the country's largest discount carrier, Indigo Airlines completes 5 years next August, the company has already applied for Aviation ministry's nod for international operations. While it is still good 18 months short of completing the mandatory 5 years for international routes, the company has applied for the international license as it will give ample time for the carrier to initiate talks with global airports and other parties.

It may have taken many years for the world's largest automaker Renault-Nissan to enter the Indian geographies but now it is hands-on to the Indian market. In fact, after recently inaugurating its plant at Chennai, the company is expecting the Micra to be the answer to the competition in the Indian market.

The new plant of the company is spread across 650 acres of land and can produce up to 4 lakh units per annum.

While many counterparts are still working on scaling their speed to make their products BSIII compliant, Bajaj Auto is already sitting comfortably with its vehicles BSIII compliant. The rest of the country will upgrade to BSIII effective April 1 as the 13 major cities will upgrade to BSIV on the same date.

The company officials attribute most of the credit to the efficiency of the R&D team to make the products BSIII compliant way before the deadline.

Even after dethroning Mercedes-Benz as the leader of luxury car market in 2009, BMW India is in no mood to be complacent. In fact, with a view to strengthen its position in the Indian market, the company now plans to open its used car business by April this year. The used car business will be known as 'BMW Premium Selection'.

The company is planning to garner around 30% of its total sales from the used car business. However, the company will only accept those vehicles which are sold after BMW entered India in 2006.

According to a report published in the Journal of the American Medical Association, it is believed that surgery, which involves chemotherapy helps victims survive a longer duration, said Dr. Robert Fletcher of Harvard Medical School.

The survey involved 675 people suffering from stage III colon cancer across five regions in the United States, who underwent surgery. The researchers concluded that the elderly patients, who underwent chemotherapy absorbed minimal doses and were healthier than the average aged cancer patients.