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The rise of 11% in the new car registration in the month of June has marked the consecutive monthly increase in car sales for the 12th month despite of the end of the car scrappage scheme from the government. But the market experts have said that the sales would be decrease at the end of this year.

Registration of new cars has risen by 10.8% in the month of June. It has pushed the number of orders for the car making companies. This rise has increased the new car registration by 19.9% or 180,000 vehicles in the first half of this year as well.

PJSC, a Dubai-based investment house has sold off 2.21 crore shares, representing 6.89% stake to SpiceJet at Rs 53.55 per share, amounting to a total of Rs 118.54 crore on Tuesday. This information has been found out according to the data available on the Bombay Stock Exchange.

In February, nearly 14% of the stake had been offloaded by Istithmar to the airline for Rs 164 crore. The company has informed on Monday that it had got hold of almost 22.14 million shares through foreign convertible currency bonds valuing nearly Rs 55.34 crore.

In a meeting by the standing committee for three days since President Pratibha Patil instated the Seven Hills Hospital in Andheri East, and the corporators lift lying under the subject of discontented terms of agreement between Brihanmumbai Municipal Corporation (BMC) and the hospital.

As the hospital is being advertized as Asia's largest private hospital but in fact it is a public private partnership (PPP) project and also the land of the hospital belongs to BMC.

Laser Soft, a Polaris Group company, has got itself a project with Andhra Pradesh State Co-operative Bank Limited (APCOB) which involves imposing main banking solutions in the district central co-operative banks in the State.

This imposition will be carried out through a special multi-entity CBS, which has a centralized deployment at Hyderabad. This model is not only cost-effective but will also facilitate easier transactions between customers of the banks.

MTNL broadband subscribers in Delhi and Mumbai will enjoy MTNL Nova Navigator Services launched by Novatium Solutions Private Limited.

The services can be used for both Internet access and wide-ranging computing applications. Main highlights of this service are Internet, gaming, digital entertainment, online education, telephony and business productivity.

The device is trouble free and can be easily plugged and played with zero maintenance. The main features loaded in this device are 3G support, plug and play printer support, faster browsing and multimedia.

Tata Motors is planning to invest around Rs 10,000 crore approximately in the coming two-three years on the further development.  This has been revealed by the company officials. The company has also informed that it will invest on its products, modernization of its facilities and other capex purposes.

It has invited the opinion and approval of shareholders on such decisions and has decided to expand its range of products.

It also plans to enhance its presence and popularity in markets on both domestic and global fronts.