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After proving its point in the Indian entry-level segment with the launch of Discover, Bajaj Auto has once again decided to focus on off-beat segment like the cruiser in order to ensure a complimentary portfolio under its umbrella.

It has been learned from the sources that the second largest two-wheeler maker in the Indian market is planning to launch its Avenger 220cc cruiser motorcycle in coming times.

There is no denying to the fact that the Indian passenger car industry has been on a roll for the past few years now, all thanks to the rising consumer demand and the level of disposable income.

After the government has showed its intentions of deregulating the prices of diesel in the Indian market several car makers are anxiously watching the government's move as a large chunk of the future strategy of the company will depend on the decision of the government. Experts are of a view that the price differential among the two i.e. petrol and diesel will decide how will the auto majors would like to launch their diesel models in the Indian market.

Part of the State Bank group, State bank of Mysore (SBM) has announced a 35 per cent increase in its net profit for the quarter ending June 30. In money terms, it is at Rs. 111.39 crore said the Bangalore-based bank.

The operating profit of the bank for the quarter was at Rs 269.96 crore that is 55 per cent higher than the same period for the last year. Most of the growth came from the growth in the net interest income that increased by 60.8 per cent.

In money terms that stood at Rs.386.15 crore.

National Stock Exchange (NSE) has launched a new volatility index. This would do the business on a real-time basis and will allow the investors to hedge their portfolios without getting involved with the risks related to this kind of investment.

It is for the first time that India is going to have such an index which will also deal with the details on a real time basis.

On Monday, one of India's leading private sector bank, HDFC bank said that it has seen a 34 per cent rise in its quarterly profit.

This is inline with the street estimates and has happened because of strong sales on the corporate and retail loan segment pushed by a fast growing Indian economy.

HDFC bank, which is also listed on New York has seen a 40 per cent growth in the field of gross advance during the April-June quarter as compared to the same quarter during last year. In money terms , it stood at $31 billion.