SBI Jacks Up Personal & Car Loans

State bank of IndiaThe State bank of India announced on Wednesday that there’s going to be a small rise in rates for car loans and personal loans.

The MD of SBI said: “we have announced like in benchmark prime lending rates by 75basis points…Consequently, we will be raising rates by 75 basis points on an average.” Mr. Aggarwal added, “This interest rate cycle has peaked in economy and the rates are likely to stabilize at this level.”

SBI is going to raise interest rates in some schemes. SBI had also announced 0.75 % in its benchmark prime lending rate to 12.25% last month.

Free Music Downloads From EMI, Apple

MusicEMI Group and Apple Inc. takes a significant step by releasing higher-fidelity tunes specifically designed to play on any music player or computer. EMI Group & Apple is making its entire digital collection available without the anti-privacy software. Steve Jobs, CEO Apple Inc, and EMI Group Executives, on Monday, announced that EMI music will become available on Apple’s iTunes store without digital rights management (DRM) from May, 2007. This deal will also pressurize the other record labels to open up and offer DRM-free music.

Central Group To Route Non-Life Claim Shortly

The non-life insurance industry has decided to contract out resolution of accidental reimbursement claims to a central body to lessen losses bobbing out of large awards.
The central agency, which is the General Insurance Corporation’s subdivision, services all reports for payment owing to accidents caused by commercial vehicles. The regulator has been directed the industry to pool all gains or losses getting up motor third-party liability insurance.
Insurance Regulatory and Development Authority stated that the motor insurance pool will get into effect from April 1 and will be applicable to all commercial vehicles that would include all vehicles makes and classes.

ICICI Prudential changed its name

Prudential ICICIPrudential ICICI Mutual Fund has been assigned a new name ‘ICICI Prude

Web Access For Visually Disabled

IBMAll is set for the Technology and Software giant, IBM to launch a multimedia web browser for visually impaired. Using this web browser, they can access web video and audio. This software for visually impaired, codenamed the Accessibility Browser or A-Browser is created by Dr. Chieko Asakawa, who has been blind since age 14 and is a senior researcher at IBM’s research laboratory in Tokyo. Blind and partially-sighted people will get the unbelievable control over multimedia application using a keyboard to control media player software.

Retail Market - Potentials & Opportunities

ICICI Property prepared a report, India Retail Real Estate The Road Ahead, that says the total real estate requirement of the future organized retail chains will be far more than the construction i

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News in Focus

Mitesh Thakkar: BUY ICICI Bank, Bharti Airtel, Bharat Electronics; SELL Canara Bank

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session.

Sudarshan Sukhani: BUY Mindtree, Balkrishna Industries, Bata India; SELL LIC Housing Finance

Market analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session.

Mitesh Thakkar: BUY Jindal Steel; SELL Cipla, REC and Zee Entertainment

Market analyst Mitesh Thakkar has suggested one BUY Call and three SELL Calls for today’s trading session.

Sudarshan Sukhani: BUY CoForge, Pidilite; SELL Amara Raja Batteries and Zee Entertainment

Technical analyst Sudarshan Sukhani has suggested two BUY Calls and two SELL Calls for today’s trading session.

Mitesh Thakkar: BUY Havells, IGL, Coromandel International, IGL; SELL Motherson Sumi

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session.

Sudarshan Sukhani: BUY Marico, ACC, Dr Lal PathLabs; SELL LIC Housing Finance

Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session.