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It seems like the Takata airbag saga never ends. That saga so far affects over 41.6 million vehicles with defective airbags made by Takata. Previously the defective airbags have been found in Fords, Lexus, Mercedes, Teslas, and more. Now cars from additional manufacturers are being added to the list including Audi, BMW, Honda, Mitsubishi, and Toyota, reports Consumer Reports. The National Highway Traffic Safety Administration (NHTSA) believes another 1.4 million cars from the above manufacturers may have faulty airbags made by Takata. That includes 116,000 BMW vehicles with model years 1999 to 2001. BMW says right now certain 1999-2001 323i, 325i, 328i, and 330i models are known to be affected as well as certain 2000-2001 323Ci, 325Ci, 328Ci, 330Ci, 323iT, and 325iT models. Audi, Honda, Mitsubishi, and Toyota have yet to announce which additional models of their vehicles are affected. As for what the defect is in the faulty Takata airbags, Consumer Reports says it relates to their … [Read more...] about Deadly Takata airbag recall: What to do if you drive a BMW, Honda, Mitsubishi, or Toyota

Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document

Manisha GuptaOnion prices in major Asian markets like Nepal, Bangladesh and Sri Lanka have climbed to $2-$6 per kg over the past few weeks, up $0.5-$1 per kg, with experts attributing the sudden demand from India as one of the reasons.Across the world, onion prices are up around 12 percent on an average, over November.Close India, the world’s largest exporter of onions, banned exports in September, and this is likely to continue for a while till prices come under control. related news Centre deliberately creating scarcity of onion in Delhi: Sisodia Nexus between BJP, hoarders responsible for rocketing onion prices: AAP Despite rising prices and shortage at home, India continues to export onion to Maldives A similar trend in onion prices has also been seen in countries like China, Iran, Indonesia and South Korea, where prices have risen between 9 percent and 22 percent over the last one month.The National Horticulture Development Board (NHDB) has estimated India’s … [Read more...] about Onion prices in Asia surge 9-22% as India scouts for imports

The Reserve Bank of India (RBI) is likely to give it’s nod to the merger between the private sector lender — Lakshmi Vilas Bank (LVB) and the non-banking finance company (NBFC) Indiabulls Housing Finance (IBH), despite its earlier aversion to entities with linkages with the real estate sector.While there are concerns on IBH’s previous experience with the regulator, there are chances that the regulator may hold a different opinion this time around.“At that time, the RBI was very conservative in terms of allowing new entrants into the banking system. So, only two entities were found suitable as compared to other applicants for the licence,” said R Gandhi, former Deputy Governor, RBI. He added that as per the previous policy, exposure to sensitive sectors would have led to hesitation in granting licences. However, that is not a condition anymore.The RBI laid out new guidelines for banking licences in April 2016, which are 'on tap', implying that … [Read more...] about RBI may bless the Lakshmi Vilas Bank-Indiabulls Housing Finance merger

Leading beverage maker Coca-Cola on December 4 announced that it would be partially divesting its bottling operations in India, a move that will begin with the north.The company said there would be a "realignment of its bottling operations in North India" as its bottler, the Hindustan Coca-Cola Beverages (HCCB), will transfer its business operations in north India to existing bottlers."The change involves four non-contiguous territories in which HCCB currently operates and is designed to build regional scale, stimulate investments and growth in the northern part of the country. HCCB will continue to operate in east, west and south India," the company said in a statement.Close Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video … [Read more...] about Coca-Cola to start sale of bottling operations in north India