HDFC auto loans to come down

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• HDFC auto loans to come down
• 10L kirana shops to be backbone of DCT scheme
• Avoid tax hike on middle class: Obama
• Peak season hotel rates drop 5-20% in top cities
• New bank capital rules to start in April: RBI
• 2012 buzzwords: GAAR to lobbying; Libor to fiscal cliff
• 'Markets may not see secular bull run in 2013'
• Wipro gets shareholders nod for demerger

HDFC auto loans to come down Posted: 29 Dec 2012 04:00 PM PST HDFC bank has decided to cut its base rate by 10 basis points (0.1%) as part of a 'cumulative action'.

10L kirana shops to be backbone of DCT scheme Posted: 29 Dec 2012 01:35 PM PST Around 10 lakh kirana shops are going to become the backbone of UPA government's direct cash transfer for subsidy schemes.

Avoid tax hike on middle class: Obama Posted: 29 Dec 2012 09:07 AM PST US President Barack Obama on Saturday urged Congress to protect the middle class from an income tax increase and lay the groundwork for future economic growth as Senate leaders began work to avoid a "fiscal cliff".

Peak season hotel rates drop 5-20% in top cities Posted: 29 Dec 2012 07:48 AM PST Hotels in top Indian cities are charging less for rooms than last year primarily due to fresh supply of hundreds of hotel rooms while there was no corresponding surge in demand.

New bank capital rules to start in April: RBI Posted: 29 Dec 2012 07:38 AM PST India will start implementing new global capital rules for banks, known as Basel III, from April 1, 2013 rather than the beginning of January, the Reserve Bank of India said on Friday.

2012 buzzwords: GAAR to lobbying; Libor to fiscal cliff Posted: 29 Dec 2012 07:36 AM PST While the US economy awaits its 'fiscal cliff' at the end of 2012, the world of business in India this year confronted with its own maze of buzzwords that included terms like GAAR, Coalgate, OFCDs and lobbying.

'Markets may not see secular bull run in 2013' Posted: 29 Dec 2012 01:36 AM PST Though the economy would improve in 2013 on the back of lower interest rates and a drop in inflation, market observers are cautious and believe that the chances of a secular bull run in equity markets are quite slim.

Wipro gets shareholders nod for demerger Posted: 28 Dec 2012 10:33 PM PST About 393 shareholders were present at the extraordinary general meeting including 18 from promoters and promoter groups.

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