Tata Motors will unveil its much-anticipated premium hatchback today, the Altroz. It is slated for a launch in January 2020 and gets a host of premium features and upgrades from the Indian carmaker.Multiple spy shots and teasers of the car have given us an idea of its aesthetic appearance. It is built on the company’s Impact 2.0 design. It also gets front doors that can open to 90 degrees, along with a raked honeycomb mesh grille, sleek projector headlamps and 16-inch, 8-spoke alloy wheels.The interiors are equipped with a floating touchscreen infotainment display with phone app connectivity, ambient lighting, climate control, and a semi-digital instrument cluster. Tata is also expected to equip it with dual airbags, ABS with EBD, rear parking sensors with camera, and a high-speed alert along with driver and co-driver seatbelt warning.Close Mechanically, the Altroz is expected to be offered with BSI-compliant petrol and diesel engine options. It should get a 1.2-litre naturally … [Read more...] about Tata to launch Altroz today: How does it fare against rivals?
Bank of Baroda (BoB), which recently underwent a three-way merger with Dena Bank and Vijaya Bank, has increased interest rates on deposits above Rs 10 crore by up to 75 basis points (100 bps=1 percentage point) for some tenures.The lender has increased its one-year bulk deposit rate to 7.3 percent. Interest rates on deposits maturing between 271-365 days and one-to-two years have been increased to seven percent and 7.05 percent, respectively. The new rates are applicable from April 8.Bulk deposits constitute high cost funds for banks as they carry a higher rate of interest as compared to retail deposits. As per regulatory norms, deposits above Rs 2 crore fall in this category.Close After the central bank's policy rate cut on April 4, BoB has left its marginal cost-based lending rate unchanged. Other lenders like the State Bank of India, HDFC Bank, Bank of Maharashtra and Bank of India have reduced their MCLR by 5-10 bps in response to the rate cut. related news … [Read more...] about Bank of Baroda hikes bulk deposit rates by up to 75 bps
Global brokerage house CLSA retained its bullish view on Reliance Industries, the country's most valued company, and Lemon Tree Hotels, the largest mid-priced hotel chain in India.After tariff hike, the research house increased its target price on Reliance Industries to Rs 2,010 (from Rs 1,710 earlier), implying 30.6 percent potential upside from current levels following expectations of a good growth in telecom business with a strong subscriber base."Despite tariff hike, Jio is at a 7-20 percent discount to its competition," said the brokerage.Close Reliance Jio on December 4 unveiled tariffs for its new all-in-one plans to be effective December 6 and announced up to 35 percent hike in its tariff. The new plans will provide up to 300 percent more benefits compared to the earlier all-in-one plans. related news Nifty may head towards 12,350, 12,500; top 5 buying ideas which can return 12-17% Experts say RBI may cut repo rate by 60-70 bps in 2020; 15 rate-sensitive … [Read more...] about CLSA bullish on these 2 stocks, expects at least 25% return in a year
Bharti Airtel share price fell early 3 percent intraday on December 5 after the company approved raising $3 billion via debt and equity.The board of the company on December 4 approved a plan to raise up to $3 billion via debt and equity route. Of the aforementioned amount, $2 billion will be raised via a qualified institutional placement (QIP).The remaining amount would be raised through the issuance of foreign currency convertible bonds (FCCBs) or other similar security denominated in foreign currencies and through redeemable non-convertible debentures along with warrants or other similar rupee-denominated security.Close Credit Suisse has maintained an outperform rating on the stock with a target of Rs 550 per share related news ICICI Bank share price hits record high; analysts say Rs 600 is imminent Lemon Tree share price jump 5% after CLSA recommends a buy SBI share price lacklustre after the firm announces divestment in UTI AMC The $3 billion fundraise is to aid any … [Read more...] about Bharti Airtel share price falls 3% on plans to raise capital; Credit Suisse maintains outperform
Former Finance Minister P Chidambaram, who arrived in Parliament on Thursday after spending 106 days in Tihar jail, said the government will not be able to suppress his voice in the House.Speaking to reporters in the Parliament complex while joining other Congress MPs protesting against the steep hike in onion prices, Chidambaram said he will address the media in the afternoon."I am happy to be back. The government cannot suppress my voice in Parliament," he said.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 series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Govt cannot suppress my voice in Parliament: Chidambaram